Company: EVCM
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001853145-25-000009
Chunk: 140

Company: EverCommerce Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 8
Chunk 140
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 deferred financing costs and non-cash interest1,640 1,651 2,093 Loss on sale and impairments39,720 6,325 — Bad debt expense4,660 6,016 5,578 (Gain) loss on interest rate swap valuation adjustments(6,384)1,996 2,893 Other non-cash items2,403 742 1,854 Changes in operating assets and liabilities, net of effects of acquisitions:Accounts receivable, net(319)(5,011)(13,206)Prepaid expenses and other current assets(2,230)(2,261)(3,823)Other non-current assets1,987 4,183 4,937 Accounts payable(254)179 (1,868)Accrued expenses and other(3,388)10,423 3,076 Deferred revenue1,760 868 160 Other non-current liabilities(3,392)(2,989)(7,218)Net cash provided by operating activities113,163 104,605 64,802 Cash flows used in investing activities:Purchases of property and equipment(1,462)(3,037)(2,566)Capitalization of software costs(17,445)(20,043)(15,514)Proceeds from disposition of fitness solutions, net of transaction costs, cash and restricted cash6,610 — — Acquisition, net of cash acquired— (14,940)— Net cash used in investing activities(12,297)(38,020)(18,080)Cash flows used in financing activities:Payments on long-term debt(5,500)(5,500)(9,500)Exercise of stock options4,112 2,603 1,819 Proceeds from common stock issuance for Employee Stock Purchase Plan3,310 3,550 3,366 Employee taxes paid for RSU withholdings(3,824)— — Repurchase and retirement of common stock(57,712)(67,283)(42,994)Net cash used in financing activities(59,614)(66,630)(47,309)Effect of foreign currency exchange rate changes on cash(1,649)400 (1,148)Net increase (decrease) in cash and cash equivalents and restricted cash39,603 355 (1,735)Cash, cash equivalents and restricted cash:Beginning of period96,179