Company: ZM
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001585521-25-000042
Chunk: 135

Company: Zoom Communications, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 135
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 these consolidated financial statements.

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Table of Contents

ZOOM COMMUNICATIONS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)Year Ended January 31,202520242023Cash flows from operating activities:Net income$1,010,238 $637,462 $103,711 Adjustments to reconcile net income to net cash provided by operating activities:Stock-based compensation expense931,309 1,057,161 1,285,752 Deferred income taxes(90,551)(116,679)(160,961)Amortization of deferred contract acquisition costs282,103 270,701 259,368 (Gains) losses on strategic investments, net(177,142)(109,770)37,571 Depreciation and amortization122,632 104,451 82,321 Provision for accounts receivable allowances20,022 35,244 50,285 Unrealized foreign exchange losses17,165 12,259 13,266 Non-cash operating lease cost24,066 21,066 28,933 Amortization of discount/premium on marketable securities(71,636)(50,770)1,206 Other4,048 (7,670)1,647 Changes in operating assets and liabilities:Accounts receivable26,640 53,270 (231,845)Prepaid expenses and other assets(17,114)(71,247)(18,066)Deferred contract acquisition costs(246,727)(214,657)(298,629)Accounts payable(3,133)(4,416)11,611 Accrued expenses and other liabilities62,277 51,974 20,530 Deferred revenue79,995 (46,719)127,401 Operating lease liabilities, net(28,884)(22,824)(23,839)Net cash provided by operating activities1,945,308 1,598,836 1,290,262 Cash flows from investing activities:Purchases of marketable securities(4,622,104)(4,083,968)(2,849,121)Maturities of marketable securities3,610,274 3,131,419 2,835,196 Sales of marketable securities47,482 1,191 — Purchases of property and equipment(136,560)(126,953)(103,826)P