Company: APPF
Filing Date: 2025-02-06
Form Type: 10-K
Source: 0001433195-25-000013
Chunk: 75

Company: APPFOLIO INC
Filing Date: 2025-02-06
Form: 10-K
Item: Item 8
Chunk 75
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953)— — — — — — Other comprehensive income— — — — — 74 — — 74 Net income— — — — — — — 204,068 204,068 Balance at December 31, 202423,241 $2 13,163 $2 $254,821 $173 $(25,756)$290,048 $519,290 

The accompanying notes to the Consolidated Financial Statements are an integral part of these statements.

38

APPFOLIO, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS 

(in thousands)

 Year Ended December 31, 202420232022Cash from operating activitiesNet income (loss)$204,068 $2,702 $(68,119)Adjustments to reconcile net income (loss) to net cash provided by operating activities:Depreciation and amortization17,790 26,500 30,820 Amortization of operating lease right-of-use assets2,030 2,132 3,187 Impairment, net— — 22,022 Gain on lease modification— (4,281)— Deferred income taxes(76,937)(490)(993)Stock-based compensation, including as amortized62,081 54,852 43,234 Gain on sale of business— — (4,156)Other(8,220)(3,108)135 Changes in operating assets and liabilities:Accounts receivable(3,383)(4,206)(4,198)Prepaid expenses and other assets4,126 (13,493)(7,281)Accounts payable1,559 (1,565)1,176 Operating lease liabilities(3,143)(2,504)(2,524)Accrued expenses and other liabilities(11,812)3,744 12,062 Net cash provided by operating activities188,159 60,283 25,365 Cash from investing activitiesPurchases of available-for-sale investments(317,173)(195,740)(79,279)Proceeds from sales of available-for-sale investments9,984 1,013 994 Proceeds from maturities of available-for-sale investments240,035 152,382 87,883 Purchases of property and equipment(2,016)(9,041)(6