Company: CVLT
Filing Date: 2025-05-05
Form Type: 10-K
Source: 0001169561-25-000034
Chunk: 76

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-05-05
Form: 10-K
Item: Item 8
Chunk 76
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 1 4,899 4,900 Repurchase of common stock(1,215)(13)(10,913)(154,158)(165,084)Net income76,106 76,106 Other comprehensive income309 309 Balance at March 31, 202544,104 $441 $1,474,377 $(1,134,063)$(15,633)$325,122 

See accompanying notes to consolidated financial statements

49

Commvault Systems, Inc.

Consolidated Statements of Cash Flows

(In thousands) 

 Year Ended March 31, 202520242023Cash flows from operating activitiesNet income (loss)$76,106 $168,906 $(35,774)Adjustments to reconcile net income (loss) to net cash provided by operating activities:Depreciation and amortization9,187 6,530 10,323 Noncash stock-based compensation113,262 94,551 105,746 Noncash change in fair value of equity securities(364)17 305 Noncash change in fair value of contingent consideration2,060 — — Noncash impairment charges2,910 — 53,481 Noncash operating lease expense6,408 6,685 5,176 Deferred income taxes(23,474)(109,598)(674)Amortization of deferred commissions cost33,414 26,531 22,626 Changes in operating assets and liabilities:Trade accounts receivable, net(62,012)(21,725)(11,596)Operating lease liabilities(7,136)(6,135)(5,232)Other current assets and Other assets(8,615)336 6,179 Deferred commissions cost(49,848)(29,952)(30,529)Accounts payable(948)195 (297)Accrued liabilities25,235 16,998 (24,213)Deferred revenue87,659 50,394 73,756 Other liabilities3,538 65 1,011 Net cash provided by operating activities207,382 203,798 170,288 Cash flows from investing activitiesPurchase of property and equipment(3,756)(4,086)(3,241)Purchase of equity securities(1,333)(1,435)(2,045)Business combination, net of cash acquired(65,311)— — Net cash used in investing