Company: FLYW
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027078
Chunk: 229

Company: Flywire Corp
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 229
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    $
    —

    Total
     
    $
    3,877

    $
    1,904

    $
    1,899

    $
    74

    $
    —

Cash Flows

The following table sets forth a summary of our cash flow information for the periods presented:

    Year EndedDecember 31,

    (in millions)
     
    2024

    2023

    2022

    Net cash provided by operating activities
     
    $
    91.5

    $
    80.6

    $
    5.4

    Net cash used in investing activities

    (215.8
    )

    (38.8
    )

    (24.7
    )

    Net cash (used in) provided by financing activities

    (37.6
    )

    263.4

    (24.0
    )

    Effect of exchange rate changes on cash and cash equivalents

    2.6

    (1.8
    )

    5.0

    Net (decrease) increase in cash, cash equivalents and    restricted cash
     
    $
    (159.4
    )
     
    $
    303.4

    $
    (38.2
    )

Operating Activities 

Net cash provided by operating activities consists of net income (loss) adjusted for certain non-cash items and changes in other assets and liabilities. 

During 2024, net cash provided by operating activities of $91.5 million was primarily the result of net income of $2.9 million adjusted for non-cash expenses of $72.2 million, which primarily consisted of stock-based compensation expense of $64.9 million and depreciation and amortization of $17.4 million, and the benefit of changes in operating assets and liabilities, net of acquisitions of $16.4 million.  

During 2023, net cash provided by operating activities of $80.6 million was primarily the result of net loss of $8.6 million adjusted for non-cash expenses of $62.4 million, which primarily consisted of stock-based compensation expense of$43.7 million and depreciation and amortization of $15.8 million, and the benefit of changes in operating assets and liabilities, net of acquisitions of $26.8 million.

During 2022, net cash provided by operating activities of $5.4 million was primarily the result of