Company: CRCT
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0001828962-25-000039
Chunk: 161

Company: Cricut, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 8
Chunk 161
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)(107,869)Cash flows from financing activities:Repurchases of common stock(38,493)(20,332)(18,580)Proceeds from exercise of stock options— 383 31 Employee tax withholding payments on stock-based awards(7,970)(8,106)(6,384)Payments for debt issuance costs— — (1,300)Cash dividend(109,972)(294,130)— Other financing activities, net— — (14)Net cash and cash equivalents provided by used in financing activities(156,435)(322,185)(26,247)Effect of exchange rate on changes on cash and cash equivalents(252)110 (221)Net increase (decrease)  in cash and cash equivalents89,953 (82,756)(16,654)Cash and cash equivalents at beginning of period142,187 224,943 241,597 Cash and cash equivalents at end of period$232,140 $142,187 $224,943 Supplemental disclosures of cash flow information:Cash paid during the period for interest$— $— $— Cash paid during the period for income taxes$43,596 $24,072 $28,916 See accompanying notes to these consolidated financial statements.

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Cricut, Inc.

Consolidated Statements of Cash Flows (continued)

(in thousands)

Year Ended December 31,202420232022Supplemental disclosures of non-cash investing and financing activities:Right-of-use assets obtained in exchange for new operating lease liabilities$6,417 $280 $4,285 Property and equipment included in accounts payable and accrued expenses and other current liabilities$2,050 $2,824 $4,410 Tax withholdings on stock-based awards included in accrued expenses and other current liabilities$463 $451 $1,324 Stock-based compensation capitalized for software development costs$1,509 $1,960 $2,321 Leasehold improvements acquired through tenant allowances$— $— $859 Dividends declared but unpaid$24,413 $2,342 $81,420 See accompanying notes to these consolidated financial statements.

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