Company: ZM
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001585521-25-000141
Chunk: 248

Company: Zoom Communications, Inc.
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 1
Chunk 248
---
— Issuance of common stock for employee stock purchase plan666,051 1 34,262 — — 34,263 Repurchase of common stock, including excise taxes(7,229,395)(7)(437,686)— — (437,693)Stock-based compensation expense— — 470,965 — — 470,965 Other comprehensive income— — — 1,128 — 1,128 Net income— — — — 435,323 435,323 Balance as of July 31, 2024307,995,624 $308 $5,298,145 $2,191 $3,224,603 $8,525,247 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

10

ZOOM COMMUNICATIONS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)Six Months Ended July 31, 20252024Cash flows from operating activities:Net income$613,195 $435,323 Adjustments to reconcile net income to net cash provided by operating activities:Stock-based compensation expense390,268 467,375 Amortization of deferred contract acquisition costs139,563 139,813 Depreciation and amortization67,479 55,751 Deferred income taxes(53,271)(57,866)Gains on strategic investments, net(31,437)(20,461)Provision for accounts receivable allowances10,120 12,518 Unrealized foreign exchange (gains) losses(8,539)7,229 Non-cash operating lease cost12,494 11,957 Amortization of discount/premium on marketable securities(21,635)(35,840)Other3,812 (1,225)Changes in operating assets and liabilities:Accounts receivable(23,608)7,637 Prepaid expenses and other assets3,160 61,035 Deferred contract acquisition costs(129,552)(110,719)Accounts payable4,794 267 Accrued expenses and other liabilities(81,985)(53,967)Deferred revenue125,015 133,629 Operating lease liabilities, net(14,672)(14,931)Net cash provided by operating activities1,005,201 1