Company: CRCT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001828962-25-000153
Chunk: 23

Company: Cricut, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 debt expense (benefit)(1,975)(454)Stock-based compensation27,522 33,255 Deferred income tax(14,220)(12,016)Non-cash lease expense2,652 3,805 Unrealized foreign currency (gain) loss(727)304 Provision for inventory obsolescence, net(15,946)110 Other(740)(1,810)Changes in operating assets and liabilities:Accounts receivable16,009 18,061 Inventories2,776 86,283 Prepaid expenses and other current assets16,496 (13,673)Other assets(3,316)(605)Accounts payable14,760 (30,635)Accrued expenses, other current liabilities and other non-current liabilities(12,908)7,574 Operating lease liabilities(3,075)(4,197)Deferred revenue3,440 2,671 Net cash and cash equivalents provided by operating activities117,798 161,885 Cash flows from investing activities:Purchases of marketable securities— (110,521)Proceeds from maturities of marketable securities85,074 110,527 Purchases of property and equipment, including capitalized software development costs(17,183)(14,442)Net cash and cash equivalents provided by (used in) investing activities67,891 (14,436)Cash flows from financing activities:Repurchases of common stock(19,094)(30,483)Employee tax withholding payments on stock-based awards(9,315)(7,144)Cash dividend(202,074)(109,775)Net cash and cash equivalents used in financing activities(230,483)(147,402)Effect of exchange rate on changes in cash and cash equivalents527 142 Net increase in cash and cash equivalents(44,267)189 Cash and cash equivalents at beginning of period232,140 142,187 Cash and cash equivalents at end of period$187,873 $142,376 Supplemental disclosures of cash flow information:Cash paid during the period for income taxes$15,209 $34,898 Supplemental disclosures of non-cash investing and financing activities:Right-of-use assets obtained in exchange for new operating lease liabilities$371 $477 Property and equipment included in accounts payable, accrued expenses and other current liabilities$2,611 $1,479 Tax withholdings on stock-based awards included in accrued