PRCH Stock Cash Flow Statements

Porch Group Quarterly Cash Flow Statements Chart

Quarterly

Annual

Stock-Based Compensation

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Free Cash Flow

Capital Expenditure

Porch Group Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30

cash flows from operating activities:
net income	30,474,000	14,382,000	-64,323,000	-13,362,000	-2,486,000	-5,744,000	-86,963,000	-38,740,000	-37,995,000	-86,391,000	-26,377,000	-5,796,000	-20,109,000	-5,099,000
adjustments to reconcile net income to net cash from operating activities
depreciation and amortization	6,954,000	6,049,000	6,202,000	6,317,000	5,914,000	6,272,000	6,214,000	6,015,000	6,356,000	8,675,000	6,416,000	6,483,000	5,599,000	4,431,000
benefit from doubtful accounts
impairment loss on intangible assets and goodwill					0
gain on extinguishment of debt	0	-22,545,000	0	-4,891,000	0								0	3,133,000
loss on divestiture of business	0	0	87,000	5,244,000
change in fair value of private warrant liability	385,000	-50,000	-1,451,000	425,000	1,064,000
change in fair value of contingent consideration	-3,284,000	142,000	-1,351,000	1,051,000	-2,067,000
change in fair value of derivatives	-13,641,000	1,048,000	8,207,000	-1,483,000
stock-based compensation	7,973,000	6,735,000	7,105,000	5,368,000	432,000	6,979,000	6,404,000	6,894,000	6,396,000	5,089,000	9,702,000	5,854,000	9,231,000	5,884,000
non-cash interest expense	-330,000	10,311,000	6,879,000	10,434,000
gain on settlement of contingent consideration	0	0	0	-14,930,000
other operating activities
change in operating assets and liabilities, net of acquisitions and divestitures
accounts receivable	1,520,000	-127,000	-1,109,000	-439,000	2,374,000	-2,374,000	-1,589,000	2,619,000	3,753,000	1,268,000	-8,611,000	-1,296,000	2,519,000	-407,000
reinsurance balance due	11,059,000	1,586,000	-28,216,000	8,174,000	20,068,000
deferred policy acquisition costs	-967,000	-296,000	4,143,000	6,752,000
accounts payable	-607,000	2,011,000	-2,116,000	-3,511,000	-287,000	-151,000	2,998,000	-69,000	-449,000	3,978,000	-5,277,000	1,051,000	11,505,000	-1,867,000
accrued expenses and other current liabilities	1,490,000	-4,326,000	-9,656,000	1,829,000	7,937,000	1,583,000	-12,296,000	1,390,000	1,482,000	-10,359,000	5,503,000	-3,145,000	-19,012,000	6,323,000
losses and loss adjustment expense reserves	-32,825,000	-32,610,000	20,660,000	17,057,000	-34,272,000
other insurance liabilities, current	-34,613,000	6,553,000	26,457,000	9,158,000	-22,598,000
deferred revenue	-3,214,000	28,470,000	7,324,000	-33,017,000	-16,887,000	8,795,000	10,609,000	-24,100,000	-5,346,000	33,990,000	39,838,000	-2,228,000	10,608,000	27,124,000
refundable customer deposits	-497,000	-1,354,000	-1,560,000	-2,034,000	-1,677,000	-4,187,000	-3,454,000	-4,607,000	1,944,000	621,000	2,560,000	1,412,000	-1,104,000	-1,168,000
other assets and liabilities	3,860,000	-2,441,000	-1,688,000	11,122,000	-4,849,000
net cash from operating activities	-26,602,000	12,425,000	-25,970,000	8,465,000	-40,969,000	83,675,000	13,254,000	-22,031,000	-4,928,000	-10,502,000	10,985,000	-13,291,000	6,940,000	-10,945,000
capex	-3,874,000	-3,377,000	-3,188,000	-2,356,000	-2,397,000	-2,292,000	-2,624,000	-2,783,000	-2,661,000	-2,754,000	-2,294,000	-2,741,000	-1,474,000	-1,168,000
free cash flows	-30,476,000	9,048,000	-29,158,000	6,109,000	-43,366,000	81,383,000	10,630,000	-24,814,000	-7,589,000	-13,256,000	8,691,000	-16,032,000	5,466,000	-12,113,000
cash flows from investing activities:
purchases of property and equipment	-192,000	-245,000	-45,000	-41,000	-75,000	-104,000	-316,000	-356,000	-364,000	-447,000	-372,000	-1,167,000	-384,000	-49,000
capitalized internal use software development costs	-3,682,000	-3,132,000	-3,143,000	-2,315,000	-2,322,000	-2,188,000	-2,308,000	-2,427,000	-2,297,000	-2,307,000	-1,922,000	-1,574,000	-1,090,000	-1,119,000
purchases of short-term and long-term investments	-12,777,000	-78,955,000			-31,164,000	-36,249,000	-18,192,000	-5,410,000	-33,060,000	-5,885,000	-4,726,000	-8,835,000	-4,880,000	-9,650,000
maturities, sales of short-term and long-term investments	23,799,000	21,359,000			11,511,000
proceeds from sale of business	0	0	522,000	10,348,000
acquisitions, net of cash acquired					0								-77,749,000	-50,798,000
net cash from investing activities	7,148,000	-60,973,000	-3,933,000	12,697,000	-22,050,000	-26,253,000	-2,803,000	-5,147,000	-33,234,000	-8,040,000	-30,327,000	-8,077,000	-78,776,000	-53,359,000
cash flows from financing activities:
proceeds from line of credit
proceeds from advance funding					0
repayments of advance funding					-1,171,000
proceeds from issuance of debt					0
repayments of principal	-169,000	-20,049,000	0	-3,150,000	0	0
cash paid for debt issuance costs					-44,000
repurchase of stock					0
other financing activities
net cash from financing activities	-442,000	-20,139,000	-625,000	-2,501,000	-1,463,000	-558,000	100,246,000	-7,274,000	-10,227,000				-19,203,000	327,712,000
net change in cash and cash equivalents & restricted cash and cash equivalents	-19,896,000	-68,687,000	-30,528,000	18,661,000
cash and cash equivalents & restricted cash and cash equivalents, beginning of period	0	0	0	297,232,000
cash and cash equivalents & restricted cash and cash equivalents, end of period	-19,896,000	-68,687,000	-30,528,000	315,893,000
benefit from (recovery of) doubtful accounts		-39,000
other		-1,074,000	-1,083,000	-799,000	55,000	197,000	563,000	242,000	405,000	400,000	16,000	64,000	2,434,000	100,000
supplemental schedule of non-cash investing and financing activities
non-cash reduction of convertible notes		23,180,000	0	5,000,000
non-cash reduction in advanced funding arrangement obligations		0	0	94,000
supplemental disclosures
cash paid for interest		457,000	11,087,000	969,000
income tax refunds paid		8,000
purchases, maturities, sales of short-term and long-term investments				4,705,000
income tax refunds received				-174,000
change in fair value of earnout liability and derivatives					1,777,000
capped call transactions
proceeds from exercises of warrants													-31,000	0
income tax withholdings paid upon vesting of restricted stock units
net change in cash, cash equivalents, and restricted cash					-64,482,000	56,864,000	110,697,000	-34,452,000	-48,389,000	-5,083,000	-20,958,000	-21,757,000	-91,039,000
cash, cash equivalents, and restricted cash, beginning of period					0	0	0	228,605,000	0	0	0	324,792,000	0	0
cash, cash equivalents, and restricted cash end of period					-64,482,000	56,864,000	110,697,000	194,153,000	-48,389,000	-5,083,000	-20,958,000	303,035,000	-91,039,000	263,408,000
interest expense						10,386,000	8,294,000	1,534,000	-17,000	-52,000	1,293,000	1,046,000	2,320,000	0
prepaid expenses and other current assets						-16,316,000	1,170,000	-10,826,000	1,151,000	1,461,000	-1,009,000	-6,749,000	-5,413,000	-1,564,000
long-term insurance commissions receivable						-171,000	-362,000	-875,000	-335,000	-1,469,000	-1,400,000	-1,540,000
supplemental schedule of non-cash financing activities
non-cash consideration for acquisitions
gain on remeasurement of private warrant liability							-15,000	-345,000	-95,000	-124,000	-4,078,000	-10,189,000
gain on remeasurement of contingent consideration							-2,656,000	-154,000	1,693,000	565,000	1,481,000	3,205,000	-1,864,000	-66,000
gain on remeasurement of earnout liability and derivatives
proceeds from exercises of stock options
proceeds from sale of common stock
payments of acquisition-related contingent consideration
amortization of operating lease right-of-use assets
loss on sale and impairment of property, equipment, and software
gain on remeasurement of earnout liability
amortization of investment premium/accretion of discount
net realized losses on investments
operating lease liabilities, non-current
repayments of principal and related fees								-499,000	-5,000,000	0	0	-150,000	-4,000,000	-42,815,000
loss on remeasurement of debt
gain on divestiture of businesses
loss on remeasurement of legacy porch warrants
deferred income tax
proceeds from recapitalization and pipe financing
distribution to stockholders
transaction costs - recapitalization
proceeds from debt issuance, net of fees													0
proceeds from issuance of redeemable convertible preferred stock, net of fees
capped call transaction
proceeds from exercises of stock options and legacy porch warrants
deferred income tax benefit
loss on sale and impairment of long-lived assets
net cash (used) provided by financing activities											-1,616,000	-389,000
contingent consideration - business combination
non-refundable deposit for acquisition												-4,950,000
settlement of contingent consideration related to a business acquisition
loss on remeasurement of private warrant liability
loss on remeasurement of earnout liability
amortization of premium/accretion of discount
divestiture of businesses net of cash disposed
loss on remeasurement of warrants														-2,691,000
deferred offering costs
net realized (gains) losses on investments
settlement of contingent consideration related to a business combination
change in cash, cash equivalents, and restricted cash
warrants issued for services
deferred taxes
divestiture of businesses, net of cash disposed
proceeds from exercises of stock options and warrants
adjustments to reconcile net income to net cash from operating activities:
investment income from investments held in trust account
changes in operating assets and liabilities:
prepaid expenses
accrued expenses
franchise tax payable
income tax payable
cash deposited in trust account
proceeds from sale of class b common stock to sponsor
proceeds from note payable to related party
repayment of note payable to related party
proceeds received from initial public offering, gross
proceeds received from sale of private placement warrants
offering costs paid
net increase in cash
cash - beginning of the period
cash - end of the period
supplemental disclosure of noncash investing and financing activities:
deferred underwriting commissions associated with the initial public offering
offering cost included note payable to related party
offering cost included in accounts payable
offering cost included in accrued expenses
value of common stock subject to possible redemption
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