Company: PATH
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001734722-25-000007
Chunk: 187

Company: UiPath, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 7
Chunk 187
---
352)(1) Excludes amortization of acquired intangible assets(2) Excludes stock-based-compensation(3) Excludes employer payroll tax on employee equity transactions(4) Excludes restructuring costs(5) Excludes charitable donation of Class A common stock(6) Other segment items include stock-based compensation expense; employer payroll tax expense related to employee equity transactions; restructuring costs; Charitable donation of Class A common stock; and other income, net.Entity-Wide DisclosuresThe following table presents our long-lived assets other than financial instruments, net of accumulated depreciation and amortization, by geographic region (in thousands):As of January 31,20252024U.S.$183,244 $189,227 Romania86,933 81,740 United Kingdom75,574 45,445 Netherlands24,071 27,004 Rest of world26,449 29,430 Total long-lived assets$396,271 $372,846 Variable Interest EntityWhen we make an initial investment in or establish other variable interests in an entity, we determine whether that entity is considered a VIE, and, if so, whether we are the primary beneficiary of that VIE. The primary beneficiary of a VIE is a party that meets both of the following criteria: (1) it has the power to direct the activities that most significantly impact the economic performance of the VIE; and (2) it has the obligation to absorb losses or the right to receive benefits that could be potentially significant to the VIE. Periodically, we assess whether any change in our interest in or relationship with the entity affects our determination as to whether the entity is a VIE, and, if so, whether we are the primary beneficiary.We consolidate any VIE of which we are the primary beneficiary. If we are not the primary beneficiary of a VIE, we account for the investment or other variable interests in that VIE in accordance with the applicable accounting guidance.Recently Adopted Accounting PronouncementsIn November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. ASU No. 2023-07 is intended to improve reportable segments disclosures requirements, primarily through enhanced disclosures about significant segment expenses. We adopted ASU No. 

93

UiPath, Inc.Notes to Consolidated Financial Statements 

2023-07 as of January 31, 2025 and have included the