Coursera 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	-45.83	-79.53	-116.55	-175.36	-145.22	-66.82
Depreciation & Amortization	10.04	7.34	5.38	5.38	5.02	2.24
Other Amortization	18.15	17.75	16.89	13.13	9.68	7.29
Asset Writedown & Restructuring Costs	4.53	2.23	3.06	6.12	0.06	0.06
Loss (Gain) From Sale of Investments	-0.24	-0.24	-13.81	-0.9	0.5	-0
Stock-Based Compensation	95.98	108.08	109.57	110.79	91.18	16.81
Other Operating Activities	0.29	0.79	1.5	1.09	-0.45	0.09
Change in Accounts Receivable	-11.09	7.21	-14.76	-20.6	5.86	-24.14
Change in Accounts Payable	10.48	-2.32	33.97	17.89	16.32	25.65
Change in Unearned Revenue	24.71	21.21	21.31	20.29	17.85	39.04
Change in Other Net Operating Assets	15.05	12.85	-16.92	-15.88	0.94	-15.2
Operating Cash Flow	122.06	95.36	29.64	-38.05	1.75	-14.99
Operating Cash Flow Growth	39.07%	221.74%	-	-	-	-
Capital Expenditures	-2.19	-1.59	-1.15	-1.58	-1.55	-3.1
Sale (Purchase) of Intangibles	-32.01	-34.51	-20.6	-13.68	-13.28	-8.82
Investment in Securities	-	66	406.54	-218.77	-36.78	-89.52
Investing Cash Flow	-34.2	29.9	384.8	-234.02	-51.61	-101.44
Issuance of Common Stock	15.72	15.02	33.35	24.42	563.45	10.2
Repurchase of Common Stock	-26.77	-69.97	-112.58	-11.89	-7.17	-
Other Financing Activities	-	-	-	-0.3	-6.12	-1.19
Financing Cash Flow	-11.04	-54.94	-79.23	12.23	550.16	139.01
Net Cash Flow	76.82	70.32	335.21	-259.84	500.29	22.58
Free Cash Flow	119.88	93.78	28.49	-39.63	0.19	-18.09
Free Cash Flow Growth	37.56%	229.13%	-	-	-	-
Free Cash Flow Margin	16.20%	13.50%	4.48%	-7.57%	0.05%	-6.16%
Free Cash Flow Per Share	0.74	0.60	0.19	-0.27	0.00	-0.49
Cash Interest Paid	-	-	-	-	-	0.55
Cash Income Tax Paid	5.51	5.31	6.38	4.06	2.84	1.16
Levered Free Cash Flow	85.42	74.9	60.4	29.07	48.24	-0.57
Unlevered Free Cash Flow	85.42	74.9	60.4	29.07	48.24	-0.57
Change in Working Capital	39.15	38.95	23.61	1.7	40.97	25.35

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