Company: ZM
Filing Date: 2025-11-25
Form Type: 10-Q
Source: 0001585521-25-000202
Chunk: 247

Company: Zoom Communications, Inc.
Filing Date: 2025-11-25
Form: 10-Q
Item: Part I, Item 1
Chunk 247
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,311)Stock-based compensation expense— — 713,627 — — 713,627 Other comprehensive income— — — 5,724 — 5,724 Net income— — — — 642,373 642,373 Balance as of October 31, 2024306,624,279 $306 $5,241,088 $6,787 $3,431,653 $8,679,834 

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)Nine Months Ended October 31,20252024Cash flows from operating activities:Net income$1,226,068 $642,373 Adjustments to reconcile net income to net cash provided by operating activities:Stock-based compensation expense575,550 708,370 Amortization of deferred contract acquisition costs210,779 211,040 Depreciation and amortization99,870 88,041 Deferred income taxes133 (72,135)Gains on strategic investments, net(437,497)(26,785)Provision for accounts receivable allowances13,666 17,039 Unrealized foreign exchange (gains) losses(8,548)4,801 Non-cash operating lease cost18,907 17,861 Amortization of discount/premium on marketable securities(26,340)(54,765)Other6,158 3,418 Changes in operating assets and liabilities:Accounts receivable84,453 74,272 Prepaid expenses and other assets25,057 (5,754)Deferred contract acquisition costs(192,320)(166,795)Accounts payable6,373 (1,447)Accrued expenses and other liabilities(35,289)(2,968)Deferred revenue88,423 106,248 Operating lease liabilities, net(20,916)(22,072)Net cash provided by operating activities1,634,527 1,520,742 Cash flows from investing activities:Purchases of marketable securities(3,352,960)(3,702,166)Maturities of marketable securities3,078,276 2,690,418 Sales of marketable securities17,525 47