Company: CVLT
Filing Date: 2025-01-29
Form Type: 10-Q
Source: 0001169561-25-000007
Chunk: 4

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-01-29
Form: 10-Q
Item: Item 1
Chunk 4
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 statements

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Commvault Systems, Inc.

Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

Nine Months Ended December 31, 20242023Cash flows from operating activitiesNet income$45,113 $42,786 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization6,758 4,734 Noncash stock-based compensation84,270 71,941 Noncash change in fair value of equity securities32 (174)Noncash change in fair value of contingent consideration2,486 — Noncash impairment charges2,910 — Noncash operating lease expense4,326 4,246 Deferred income taxes(6,280)— Amortization of deferred commissions cost23,756 19,544 Changes in operating assets and liabilities:Trade accounts receivable, net(65,437)(20,676)Operating lease liabilities(5,173)(3,827)Other current assets and Other assets436 1,970 Deferred commissions cost(29,532)(20,541)Accounts payable(1,240)108 Accrued liabilities10,095 852 Deferred revenue57,910 22,443 Other liabilities(3)407 Net cash provided by operating activities130,427 123,813 Cash flows from investing activitiesPurchase of property and equipment(2,973)(3,227)Purchase of equity securities(788)(1,062)Business combination, net of cash acquired(65,909)— Net cash used in investing activities(69,670)(4,289)Cash flows from financing activitiesRepurchase of common stock(135,194)(133,655)Proceeds from stock-based compensation plans11,100 7,753 Net cash used in financing activities(124,094)(125,902)Effects of exchange rate — changes in cash(5,842)2,910 Net decrease in cash and cash equivalents(69,179)(3,468)Cash and cash equivalents at beginning of period312,754 287,778 Cash and cash equivalents at end of period$243,575 $284,310 Supplemental disclosures of noncash activitiesIssuance of common stock for business combination$4,900 $— Operating lease liabilities arising from obtaining right-of-use assets$4,687 $5,493 

See accompanying unaudited notes to consolidated financial statements

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