Company: APPN
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001441683-25-000017
Chunk: 132

Company: APPIAN CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 132
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 on capital stock or redeeming, repurchasing or retiring capital stock, prepaying certain junior indebtedness and preferred stock, certain corporate changes, and transactions with affiliates. The Credit Agreement also provides for customary events of default, including but not limited to non-payment, breaches, or defaults in the performance of covenants, insolvency, bankruptcy, and the occurrence of a material adverse effect on us. The following table summarizes outstanding debt balances as of December 31, 2024 and 2023 (in thousands):As of December 31,20242023Borrowings under revolving credit facility$62,000 $62,000Secured term loan facility189,563 145,813Less: Debt issuance costs(1)(1,139)(1,224)Total debt, net of debt issuance costs$250,424$206,589Debt, current$9,598$66,368Long-term debt240,826140,221Total debt$250,424$206,589(1) Deferred debt issuance costs associated with the term loan facility are recorded net of the debt obligation and amortized to interest expense over the term of the Credit Agreement. The following table summarizes the annual maturities of the principal amount of total debt due as of December 31, 2024 (in thousands): Year Ended December 31,2025$10,000 202610,000 2027231,563 Total$251,563 As of December 31, 2024, we were in compliance with all covenants contained in the Credit Agreement. In addition, we had $62.0 million outstanding borrowings under our $100.0 million revolving credit facility, and we had outstanding letters of credit totaling $14.6 million in connection with securing our leased office space.

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APPIAN CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

9. Income TaxesFor the years ended December 31, 2024, 2023, and 2022, our loss before income taxes was comprised of the following (in thousands): Year Ended December 31,202420232022Domestic$(55,183)$(89,925)$(102,434)Foreign(36,025)(18,307)(47,794)Total$(91,208)$(108,232)$(150,228)For the years ended December 31, 2024, 2023, and 2022, our income tax