Company: PHR
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001412408-25-000010
Chunk: 44

Company: Phreesia, Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 8
Chunk 44
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 in Current portion of finance lease liabilities and other debt)$6,825 $4,958 Lease liabilities, non-current (included in Long-term finance lease liabilities and other debt)7,431 3,351 Total finance lease liabilities$14,256 $8,309 For office leases and leased equipment, the Company has elected the practical expedient to not separate lease and non-lease components, and as such, the variable lease cost primarily represents variable payments such as common area maintenance, utilities and equipment maintenance.As of January 31, 2025, for operating leases, the weighted-average remaining lease term is 1.8 years and the weighted-average discount rate is 8.0%. As of January 31, 2025, for finance leases, the weighted-average remaining lease term is 1.6 years and the weighted-average discount rate is 7.5%.The components of lease expense for the years ended January 31, 2025, 2024 and 2023 were as follows:Fiscal years ended January 31,202520242023Operating leases:Operating lease cost$983 $740 $1,835 Variable lease cost— 47 62 Total operating lease cost$983 $787 $1,897 Finance leases:Amortization of right-of-use assets$7,416 $6,742 $5,632 Interest on lease liabilities980 580 368 Total finance lease cost$8,396 $7,322 $6,000 Amortization of right-of-use assets for finance leases is included within depreciation expense on the Company's consolidated statements of operations.

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The following represents a schedule of maturing lease commitments for operating and finance leases as of January 31, 2025:January 31, 2025OperatingFinanceMaturity of lease liabilitiesFiscal year ending January 31,2026$1,053 $7,705 2027583 5,688 202885 2,169 Total future minimum lease payments$1,721 $15,562 Less: interest(111)(1,306)Present value of lease liabilities$1,610 $14,256 Other supplemental cash flow information for the years ended January 31, 2025, 2024 and 2023 was as follows:Fiscal years ended January 31,202520242023Supplemental cash flow informationCash paid for amounts