Stock Analysis on Net
Stock Analysis on Net

Palantir Technologies Inc. (NASDAQ:PLTR)

$24.99

Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

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Palantir Technologies Inc., consolidated cash flow statement

US$ in thousands

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income (loss)
Depreciation and amortization
Stock-based compensation
Noncash operating lease expense
Unrealized and realized loss from marketable securities, net
Noncash consideration
Other operating activities
Accounts receivable, net
Prepaid expenses and other current assets
Other assets
Accounts payable
Accrued liabilities
Deferred revenue, current and noncurrent
Customer deposits, current and noncurrent
Operating lease liabilities, current and noncurrent
Other noncurrent liabilities
Changes in operating assets and liabilities, net of effect of acquisitions
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Net cash provided by (used in) operating activities
Purchases of property and equipment
Purchases of marketable securities
Proceeds from sales and redemption of marketable securities
Purchases of privately-held securities
Other investing activities
Net cash used in investing activities
Proceeds from the issuance of common stock, net of issuance costs
Proceeds from issuance of debt, net of borrowing costs
Principal payments on borrowings
Proceeds from the exercise of common stock options
Repurchases of common stock
Taxes paid related to net share settlement of equity awards
Other financing activities
Net cash provided by financing activities
Effect of foreign exchange on cash, cash equivalents, and restricted cash
Net increase (decrease) in cash, cash equivalents, and restricted cash
Cash, cash equivalents, and restricted cash, beginning of period
Cash, cash equivalents, and restricted cash, end of period

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Net Income (Loss)
The net income shows a substantial improvement over the analyzed period, starting with a significant loss of approximately -1.17 billion USD in 2020 and gradually improving to a positive net income of 467.9 million USD by 2024. This marks a turnaround from persistent losses toward profitability.
Depreciation and Amortization
Depreciation and amortization expenses increased steadily from 13.9 million USD in 2020 to a peak of 33.4 million USD in 2023 before slightly declining to 31.6 million USD in 2024, indicating increased capital investment and asset utilization.
Stock-based Compensation
This expense shows a declining trend from 1.27 billion USD in 2020 to a low of 475.9 million USD in 2023, followed by a notable rise to 691.6 million USD in 2024. The initial decline followed by resurgence may reflect changes in employee compensation structures or stock grant policies.
Noncash Operating Lease Expense
The noncash operating lease expense generally increased, peaking at 47.0 million USD in 2023 then decreasing to 41.2 million USD in 2024, suggesting changes in lease obligations or accounting treatments.
Unrealized and Realized Loss from Marketable Securities
Starting from 73.3 million USD in losses in 2021, this item increased to a high of 272.1 million USD in 2022 before sharply reducing to around 13.2 million and 19.3 million USD in 2023 and 2024 respectively, indicating volatility in investment valuations.
Noncash Consideration
This item showed negative values from 2022 to 2024, with increasing magnitude, which may represent adjustments or liabilities recognized as part of noncash transactions.
Other Operating Activities
Other operating activities fluctuated, with losses in 2020, 2022, and 2023, and gains in 2021 and 2024, indicating variable other operating cash flow components.
Changes in Operating Assets and Liabilities
There is a notable fluctuation, with large negative changes in 2020 and 2022 and a positive change in 2023, suggesting variable working capital management and changes in operational efficiency.
Net Cash Provided by (Used in) Operating Activities
This cash flow improved significantly from a negative 296.6 million USD in 2020 to a positive 1.15 billion USD in 2024, reflecting stronger cash generation from operations over the period.
Purchases of Property and Equipment
Capital expenditures peaked in 2022 at 40.0 million USD before declining to about 12.6 million USD in 2024, indicating a phase of heavy investment followed by a scaling back in fixed asset acquisition.
Purchases and Sales of Marketable Securities
Purchases of marketable securities surged dramatically beginning in 2023, reaching over 5.3 billion USD in both 2023 and 2024, while sales also increased substantially, particularly in 2023. This suggests active management of short-term investments and liquidity.
Net Cash Used in Investing Activities
Investing cash outflows were highest in 2023 at 2.7 billion USD, accompanied by large purchases of marketable securities, before decreasing to 341 million USD in 2024, indicative of heavy investment in securities and more moderate investing activity thereafter.
Proceeds from Issuance of Common Stock and Debt
Initial years show material proceeds from issuance of common stock and debt principally in 2020, with no recorded proceeds from issuance in subsequent years, perhaps indicating completed financing rounds or shifts in capital strategy.
Proceeds from Exercise of Common Stock Options and Share Repurchases
Proceeds from the exercise of stock options increased significantly over time, reaching 745.4 million USD in 2024. Share repurchases were minimal and only recorded in 2024, suggesting cautious capital return policies.
Taxes Paid Related to Net Share Settlement of Equity Awards
This tax outflow appeared only in 2024 with a significant payment of 218.3 million USD, likely related to the exercise or settlement of equity awards during that year.
Net Cash Provided by Financing Activities
Financing cash inflows peaked in 2020 at over 1 billion USD, with subsequent years showing more moderate inflows but still positive, peaking again in 2024 at 463 million USD, reflecting ongoing financing activity predominantly through stock option exercises.
Effect of Foreign Exchange on Cash
The foreign exchange impact was variable and relatively small compared to other cash flow items, with a negative effect in most years except for a minor positive effect in 2023.
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash
Cash levels rose markedly in 2020, 2021, 2022, and 2024, with a notable decrease in 2023 corresponding to high investing activities. This pattern reflects fluctuations in liquidity management and investment cycles.
Cash, Cash Equivalents, and Restricted Cash Balances
The cash balance grew from about 2.13 billion USD at the end of 2020 to a peak of 2.63 billion USD at the end of 2022, declined sharply to 850 million USD by the end of 2023, then recovered to 2.12 billion USD in 2024, indicating dynamic cash management aligned with investment and operational changes.