Company: QLYS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001107843-25-000009
Chunk: 105

Company: QUALYS, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 105
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(2,570)(434)Other comprehensive income (loss), net of tax3,121 243 (2,954)Comprehensive income$176,801 $151,838 $105,038 

The accompanying notes are an integral part of these Consolidated Financial Statements.

57

Qualys, Inc.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

Year Ended December 31,202420232022Cash flow from operating activities:Net income$173,680 $151,595 $107,992 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization expense18,513 26,991 34,622 Provision for credit losses764 547 590 Loss on disposal of property and equipment— — 6 Loss on non-marketable securities— 533 — Stock-based compensation, net of amounts capitalized77,133 69,079 53,408 Amortization (accretion) of premiums (discount) on marketable securities, net(6,735)(5,712)833 Deferred income taxes(19,465)(16,636)(20,251)Changes in operating assets and liabilities:Accounts receivable(19,089)(24,978)(13,387)Prepaid expenses and other assets(14,655)(3,407)3,878 Accounts payable219 (1,578)2,107 Accrued liabilities and other noncurrent liabilities2,945 451 3,867 Deferred revenues30,784 47,720 25,189 Net cash provided by operating activities244,094 244,605 198,854 Cash flow from investing activities:Purchases of marketable securities(368,277)(306,812)(178,788)Sales and maturities of marketable securities309,184 242,432 347,837 Purchases of property and equipment(12,334)(8,786)(15,361)Purchases of intangible assets— — (8,620)Net cash provided by (used in) investing activities(71,427)(73,166)145,068 Cash flow from financing activities:Repurchase of common stock(139,875)(170,800)(317,344)Proceeds from exercise of stock options17,269 45,576 24,483 Payments for taxes related to net share settlement of equity awards(