Company: CVLT
Filing Date: 2025-05-05
Form Type: 10-K
Source: 0001169561-25-000034
Chunk: 77

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-05-05
Form: 10-K
Item: Item 8
Chunk 77
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 activities(70,400)(5,521)(5,286)Cash flows from financing activitiesRepurchase of common stock(165,015)(184,021)(150,921)Proceeds from stock-based compensation plans17,537 13,440 15,405 Payment on contingent liability(340)— — Payment of debt issuance costs— — (63)Net cash used in financing activities(147,818)(170,581)(135,579)Effects of exchange rate — changes in cash185 (2,720)(9,152)Net increase (decrease) in cash and cash equivalents(10,651)24,976 20,271 Cash and cash equivalents at beginning of year312,754 287,778 267,507 Cash and cash equivalents at end of year$302,103 $312,754 $287,778 Supplemental disclosures of cash flow informationIncome taxes paid$42,185 $19,970 $15,175 Noncash activities:Issuance of common stock for business combination$4,900 $— $— Operating lease liabilities arising from obtaining right-of-use assets$5,796 $5,528 $3,023 

See accompanying notes to consolidated financial statements

50

Commvault Systems, Inc.Notes to Consolidated Financial Statements(In thousands, except per share data)

1.     Nature of Business

Commvault Systems, Inc. and its subsidiaries ("Commvault," "we," "us," or "our") aims to provide its customers cyber resiliency by protecting and recovering their data and cloud-native applications in a world of increasing cyber threats and attacks, including ransomware. We provide products and services across many types of environments, including on-premises, hybrid and multi-cloud. Our offerings are delivered via self-managed software, software-as-a-service ("SaaS"), integrated appliances, or managed by partners. Customers use our Commvault Cloud platform to help protect themselves from threats like ransomware and recover their data efficiently.

2.     Summary of Significant Accounting Policies

Reclassification of Prior Year BalancesBeginning in fiscal 2025, changes in operating lease assets are being classified as a noncash lease adjustment to reconcile net income (loss) to net cash provided by operating activities. This reclassification has no impact on the amount of cash flows from operating activities.Basis of PresentationThe consolidated financial statements include the accounts of Commvault. All intercompany