Duolingo, Inc. (DUOL)

Duolingo Cash Flow Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	86.78	16.07	-59.57	-60.14	-15.78	-13.55
Depreciation & Amortization	9.24	7.1	4.87	2.73	1.62	0.53
Other Amortization	-	-	-	-	0.63	0.72
Loss (Gain) From Sale of Assets	0.02	0.33	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-	1.23
Stock-Based Compensation	105.69	95.22	73.82	40.8	17.03	3.73
Change in Accounts Receivable	-32.47	-42.25	-13.57	-12.71	-10.45	-5.3
Change in Accounts Payable	0.38	1.26	-6.66	5.62	-1.62	2.43
Change in Unearned Revenue	101.72	91.64	59.28	43.48	28.49	17.27
Change in Other Net Operating Assets	-19.98	-15.76	-4.52	-10.61	-2.23	-4.9
Operating Cash Flow	251.36	153.61	53.66	9.17	17.71	2.15
Operating Cash Flow Growth	116.64%	186.29%	485.13%	-48.22%	722.86%	-
Capital Expenditures	-11.08	-3.19	-5.56	-3.59	-3.38	-3.77
Cash Acquisitions	-6.6	-	-4.05	-	-	-
Sale (Purchase) of Intangibles	-11.77	-10.39	-4.56	-2.62	-0.64	-1.48
Investment in Securities	-81.67	-	-	-	-	7.68
Investing Cash Flow	-111.11	-13.58	-14.17	-6.21	-4.01	2.43
Issuance of Common Stock	15.16	13.62	14.78	438.67	2.03	1.29
Repurchase of Common Stock	-	-11.48	-	-0.87	-	-0.17
Other Financing Activities	-	-	-	-7.34	-	-0.15
Financing Cash Flow	15.16	2.14	14.78	430.47	46.95	30.97
Net Cash Flow	155.41	142.17	54.26	433.43	60.65	35.55
Free Cash Flow	240.28	150.42	48.09	5.58	14.33	-1.62
Free Cash Flow Growth	111.76%	212.77%	761.28%	-61.04%	-	-
Free Cash Flow Margin	34.85%	28.32%	13.02%	2.23%	8.86%	-2.29%
Free Cash Flow Per Share	5.08	3.23	1.22	0.24	1.13	-
Cash Income Tax Paid	6.92	2.32	0.62	0.13	-	-
Levered Free Cash Flow	175.41	116.03	65.42	23.58	19.9	-
Unlevered Free Cash Flow	175.41	116.03	65.42	23.58	19.9	-
Change in Net Working Capital	-49.37	-35.37	-37.41	-23.76	-14.64	-

Source: S&P Capital IQ. Standard template. Financial Sources.