Company: CVLT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001169561-25-000069
Chunk: 3

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 1
Chunk 3
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 adjustment on headquarters sale leaseback495 — Noncash change in fair value of contingent consideration(545)— Noncash operating lease expense1,636 1,579 Deferred income taxes3,908 (4,794)Amortization of deferred commissions cost10,989 7,458 Changes in operating assets and liabilities:Trade accounts receivable, net3,748 19,681 Operating lease liabilities(1,908)(2,302)Other current assets and Other assets2,378 (2,203)Deferred commissions cost(15,072)(8,269)Accounts payable(320)129 Accrued liabilities(47,260)(23,011)Deferred revenue17,440 9,438 Other liabilities(115)168 Net cash provided by operating activities31,681 44,692 Cash flows from investing activitiesPurchase of property and equipment(1,879)(863)Purchase of equity securities(6,144)(473)Proceeds from sale of headquarters, net34,849 — Business combination, net of cash acquired— (21,000)Net cash provided by (used in) investing activities26,826 (22,336)Cash flows from financing activitiesRepurchase of common stock(15,050)(51,392)Proceeds from stock-based compensation plans— 5,340 Payment of debt issuance costs(1,846)— Payment of financial liability(12)— Net cash used in financing activities(16,908)(46,052)Effects of exchange rate — changes in cash19,532 (1,187)Net increase (decrease) in cash and cash equivalents61,131 (24,883)Cash and cash equivalents at beginning of period302,103 312,754 Cash and cash equivalents at end of period$363,234 $287,871 Supplemental disclosures of noncash activitiesIssuance of common stock for business combination$— $4,900 Operating lease liabilities arising from obtaining right-of-use assets$20,252 $1,968 

See accompanying unaudited notes to consolidated financial statements

5

Table of ContentsCommvault Systems, Inc.Notes to Consolidated Financial Statements - Unaudited(In thousands, except per share data)

1.    Basis of Presentation

Commvault Systems, Inc. and its subsidiaries ("Commvault," "we," "us," "our," or the "Company") aims to provide its