Company: MSTR
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000950170-25-021814
Chunk: 623

Company: Strategy Inc
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 623
---
 20

    $
    20,411,998

    0

    $
    0

    $
    (15,384
    )
     
    $
    (2,166,876
    )

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

76

MICROSTRATEGY INCORPORATED

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

    Years Ended December 31,

    2024

    2023

    2022

    Operating activities:

    Net (loss) income
     
    $
    (1,166,661
    )
     
    $
    429,121

    $
    (1,469,797
    )

    Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:

    Depreciation and amortization

    17,808

    14,527

    10,874

    Reduction in carrying amount of right-of-use assets

    8,475

    8,643

    8,072

    Credit losses and sales allowances

    649

    1,387

    939

    Deferred taxes

    (774,586
    )

    (568,949
    )

    131,493

    Release of liabilities for unrecognized tax benefits

    (1,265
    )

    (506
    )

    (360
    )

    Share-based compensation expense

    77,124

    69,571

    63,619

    Digital asset impairment losses (gains on sale), net

    1,789,862

    115,851

    1,286,286

    Amortization of issuance costs on long-term debt

    15,336

    8,808

    8,694

    Loss (gain) on debt extinguishment

    22,933

    (44,686
    )

    0

    Changes in operating assets and liabilities:

    Accounts receivable

    5,688

    10,307

    (5,292
    )

    Prepaid expenses and other current assets

    3,804

    (11,358
    )

    (6,342
    )

    Deposits and other assets

    (10,668
    )

    (632
    )