Upland Software Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-43.43	-112.73	-179.87	-68.41	-58.21	-51.22
Depreciation & Amortization	38.95	54.99	71.99	56.15	52.93	47.16
Other Amortization	9.4	12.15	13.17	12.2	8.95	4.68
Loss (Gain) From Sale of Assets	24.42	0.02	0.05	0.08	-	0.64
Asset Writedown & Restructuring Costs	2.47	87.23	128.76	12.5	-	-
Stock-Based Compensation	11.26	15.27	22.87	41.6	53.87	41.69
Other Operating Activities	-7.96	-16.64	-7.72	-4.91	-13.42	-5.37
Change in Accounts Receivable	4.57	-0.33	8.92	9.69	-1.67	10.36
Change in Accounts Payable	-5.38	1.34	-6.9	-7.18	10.87	-3.08
Change in Unearned Revenue	-5.01	-6.49	-5.52	-4.99	5.58	6.83
Change in Other Net Operating Assets	-1.46	-10.57	4.21	-16.75	-17.16	-16.07
Operating Cash Flow	27.82	24.24	49.94	29.98	41.74	35.62
Operating Cash Flow Growth	17.46%	-51.47%	66.59%	-28.17%	17.18%	194.97%
Capital Expenditures	-1.59	-0.88	-1.22	-0.87	-1.12	-1.11
Cash Acquisitions	-	-	-	-62.36	-92.42	-67.66
Sale (Purchase) of Intangibles	-	-	-	-	-	-0.2
Investing Cash Flow	7.65	-0.88	-1.22	-63.22	-93.53	-68.97
Long-Term Debt Repaid	-	-188.4	-40.4	-5.4	-5.41	-5.49
Net Debt Issued (Repaid)	-66.4	-188.4	-40.4	-5.4	-5.41	-5.49
Issuance of Common Stock	-	-	0.01	0.19	0.27	130.54
Repurchase of Common Stock	-2.98	-13.55	-15.15	-1.58	-0.98	-2.14
Other Financing Activities	-1.68	-0.36	-5.84	-9.51	-2.06	-15.01
Financing Cash Flow	-71.06	-202.31	-61.38	94.15	-8.18	107.9
Foreign Exchange Rate Adjustments	-0.77	-0.56	0.57	-1.41	-0.9	0.46
Net Cash Flow	-36.36	-179.51	-12.09	59.5	-60.87	75.01
Free Cash Flow	26.24	23.36	48.72	29.11	40.62	34.51
Free Cash Flow Growth	14.38%	-52.06%	67.36%	-28.33%	17.73%	212.67%
Free Cash Flow Margin	11.14%	8.50%	16.36%	9.18%	13.45%	11.83%
Free Cash Flow Per Share	0.93	0.84	1.52	0.92	1.34	1.30
Cash Interest Paid	18.69	28.9	32.14	29.12	29.43	29.92
Cash Income Tax Paid	6.34	2.02	7.11	3.88	2.85	3.19
Levered Free Cash Flow	34.85	59.31	64.29	83.34	118.87	62.2
Unlevered Free Cash Flow	42.38	64.9	75.97	101.55	138.64	81.91
Change in Working Capital	-7.29	-16.04	0.71	-19.23	-2.38	-1.97

Source: S&P Global Market Intelligence. Standard template. Financial Sources.