Yelp Inc. 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	150.02	132.85	99.17	36.35	39.67	-19.42
Depreciation & Amortization	32.77	26.9	41.57	48.06	64.42	23.51
Other Amortization	52.81	53.45	52.74	48.43	45.21	43.06
Asset Writedown & Restructuring Costs	-	5.91	23.56	10.46	11.16	-
Stock-Based Compensation	139.92	158.19	173.45	156.09	151.68	124.57
Provision & Write-off of Bad Debts	44.66	45.61	40.7	25.01	14.57	32.27
Other Operating Activities	25.15	-27.33	-22.56	-55.59	-20.28	33.25
Change in Accounts Receivable	-39.95	-51.03	-54.95	-49.56	-33.54	-13.83
Change in Accounts Payable	24.02	4.8	-2.55	49.14	30	15.38
Change in Other Net Operating Assets	-70.89	-63.54	-44.86	-76.09	-90.25	-62.08
Operating Cash Flow	358.52	285.82	306.28	192.31	212.66	176.7
Operating Cash Flow Growth	21.94%	-6.68%	59.27%	-9.57%	20.35%	-13.71%
Capital Expenditures	-47.15	-37.35	-26.85	-31.98	-28.28	-32
Cash Acquisitions	-66.2	-66.2	-	-	-	-
Sale (Purchase) of Intangibles	-	-	-	-	-	-6.13
Investment in Securities	32.76	26.29	-28.03	-94.26	-	286.16
Other Investing Activities	-0.21	-0.01	0.2	0.09	0.63	0.33
Investing Cash Flow	-80.8	-77.27	-54.68	-126.14	-27.65	248.36
Issuance of Common Stock	19.65	20.79	39.51	23.5	24.98	27.38
Repurchase of Common Stock	-328.22	-324.59	-285.18	-261.03	-325.47	-48
Other Financing Activities	-	-	-1.11	-	-	-0.43
Financing Cash Flow	-308.57	-303.8	-246.78	-237.53	-300.49	-21.05
Foreign Exchange Rate Adjustments	0.37	-1.07	2.05	-2.14	-0.42	0.21
Net Cash Flow	-30.49	-96.32	6.86	-173.5	-115.9	404.22
Free Cash Flow	311.37	248.47	279.43	160.33	184.37	144.7
Free Cash Flow Growth	18.99%	-11.08%	74.29%	-13.04%	27.42%	-13.49%
Free Cash Flow Margin	21.23%	17.60%	20.90%	13.43%	17.87%	16.58%
Free Cash Flow Per Share	4.66	3.52	3.80	2.18	2.35	1.98
Cash Income Tax Paid	50.63	58.19	30.63	50.42	2.52	0.21
Levered Free Cash Flow	313.05	286.6	312.94	252.51	242.59	161.51
Unlevered Free Cash Flow	313.05	286.6	312.94	252.51	242.66	161.51
Change in Working Capital	-86.81	-109.78	-102.35	-76.5	-93.79	-60.53

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