Company: APPN
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001441683-25-000017
Chunk: 100

Company: APPIAN CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 100
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, 2023, and 2022 totaled $41.2 million, $36.6 million, and $33.1 million, respectively. The timing of payments under the agreement may vary, and the total amount of payments may exceed the minimum depending on the volume of services utilized. We expect to meet our minimum annual spending requirement during the term of the arrangement. 

60

Historical Cash Flows

Year Ended December 31,20242023$ Change% Change(dollars in thousands)Beginning cash, cash equivalents, and restricted cash$149,351 $150,381 $(1,030)(0.7)%Operating activities:Net loss(92,262)(111,441)19,179 17.2Stock-based compensation and other non-cash adjustments72,732 40,591 32,141 79.2Changes in working capital26,408 (39,592)66,000 ***Net cash provided by (used by) operating activities6,878 (110,442)117,320 ***Investing activities:Net cash (used by) provided by investing activities(35,390)28,590 (63,980)***Financing activities:Net cash (used by) provided by financing activities(258)79,165 (79,423)***Effect of exchange rates(2,029)1,657 (3,686)***Net decrease in cash, cash equivalents, and restricted cash(30,799)(1,030)(29,769)***Ending cash, cash equivalents, and restricted cash$118,552 $149,351 $(30,799)(20.6)%

*** Indicates a percentage that is not meaningful.

Operating Activities

Net cash provided by operating activities was $6.9 million for 2024 as compared to net cash used by operating activities of $110.4 million for 2023. The increase in net cash provided by operating activities was primarily due to the prior year payment of $57.3 million for our judgment preservation insurance policy. Additionally, there were stronger cash collections from accounts receivable as a result of increased revenues as well as reduced expenditures stemming from headcount reductions and other cost management activities in 2024 as compared to 2023.

Investing Activities

Net cash used by investing activities was $35.4 million for 2024 as compared to $28.6 million in net cash provided by investing activities for