Upwork
Cash Flow
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Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Upwork generated cash of $27,221,000, which is more than the previous year. Cash used in financing activities reached the amount of -$114,304,000 last year. Net change in cash is therefore $1,187,000.
Cash Flow
| 2016 | 3.14M | -475K | 5.23M |
|---|---|---|---|
| 2017 | -4.00M | -2.11M | 381K |
| 2018 | 13.74M | -7.28M | 101.07M |
| 2019 | 1.05M | -100.92M | 29.40M |
| 2020 | 22.36M | -4.14M | 54.64M |
| 2021 | 10.83M | -428.98M | 537.73M |
| 2022 | 6.55M | -69.46M | 6.08M |
| 2023 | 27.22M | 88.27M | -114.30M |
UPWK Cash Flow Statement (2016 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 295.23M | 352.05M | 232.46M | 159.60M | 230.06M | 21.59M | 27.32M | 19.42M |
Operating activities | ||||||||
Net income | 46.88M | -89.88M | -56.24M | -22.86M | -16.65M | -19.90M | -4.12M | -16.23M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||
Depreciation and amortization | 12.71M | 11.13M | 13.80M | 14.03M | 10.60M | 4.94M | 4.18M | 8.46M |
Stock-based compensation expense | 74.19M | 75.50M | 53.59M | 25.50M | 18.79M | 0 | 6.84M | 7.26M |
| Deferred income tax benefit | 74.19M | 75.50M | 53.59M | 25.50M | 18.79M | 0 | 6.84M | 7.26M |
| Changes in operating assets and liabilities: | ||||||||
Accounts receivable, net | -47.66M | -20.23M | -24.61M | -20M | -10.91M | 3.50M | -8.86M | -8.32M |
Inventories | 1 | 0 | 2.13M | 12.38M | -6.47M | 1.55M | -6.62M | 6.60M |
Accounts payable | -2.51M | 2.57M | -1.44M | 5.82M | -1.45M | 1.60M | 74K | -578K |
Cash generated by operating activities | 27.22M | 6.55M | 10.83M | 22.36M | 1.05M | 13.74M | -4.00M | 3.14M |
Investing activities | ||||||||
Purchases Of Investments | -709.21M | -581.88M | -525.34M | -107.28M | -168.78M | 0 | 0 | 0 |
Investments In Property Plant And Equipment | -16.35M | -8.73M | -6.13M | -14.36M | -16.63M | -6.84M | -2.31M | -846K |
Acquisitions Net | -88.96M | 69.46M | 5.11M | 8.04M | 5.88M | 0 | 0 | 0 |
Cash generated by investing activities | 88.27M | -69.46M | -428.98M | -4.14M | -100.92M | -7.28M | -2.11M | -475K |
Financing activities | ||||||||
Common Stock Issued | 2.01M | 1.64M | 7.17M | 31.02M | 18.15M | 109.38M | 2.80M | 0 |
Payments for dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repurchases of common stock | 0 | 0 | 0 | 0 | 0 | 0 | -19.20M | 0 |
Repayments of term debt | 0 | 0 | -10.75M | -25.62M | -5.67M | -25M | 16.78M | -12M |
Cash used in financing activities | -114.30M | 6.08M | 537.73M | 54.64M | 29.40M | 101.07M | 381K | 5.23M |
Net Change In Cash | 1.18M | -56.82M | 119.59M | 72.86M | -70.46M | 107.53M | -5.73M | 7.90M |
Cash at end of period | 296.41M | 295.23M | 352.05M | 232.46M | 159.60M | 129.12M | 21.59M | 27.32M |
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