Duolingo Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	45.61	16.07	-59.57	-60.14	-15.78	-13.55
Depreciation & Amortization	7.41	7.1	4.87	2.73	1.62	0.53
Other Amortization	-	-	-	-	0.63	0.72
Loss (Gain) From Sale of Assets	0.43	0.33	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-	1.23
Stock-Based Compensation	99.13	95.22	73.82	40.8	17.03	3.73
Change in Accounts Receivable	-23.91	-42.25	-13.57	-12.71	-10.45	-5.3
Change in Accounts Payable	1.21	1.26	-6.66	5.62	-1.62	2.43
Change in Unearned Revenue	97.37	91.64	59.28	43.48	28.49	17.27
Change in Other Net Operating Assets	-19.72	-15.76	-4.52	-10.61	-2.23	-4.9
Operating Cash Flow	207.52	153.61	53.66	9.17	17.71	2.15
Operating Cash Flow Growth	231.33%	186.29%	485.13%	-48.22%	722.86%	-
Capital Expenditures	-3.92	-3.19	-5.56	-3.59	-3.38	-3.77
Cash Acquisitions	-	-	-4.05	-	-	-
Sale (Purchase) of Intangibles	-13.37	-10.39	-4.56	-2.62	-0.64	-1.48
Investment in Securities	-	-	-	-	-	7.68
Investing Cash Flow	-17.29	-13.58	-14.17	-6.21	-4.01	2.43
Issuance of Common Stock	12.61	13.62	14.78	438.67	2.03	1.29
Repurchase of Common Stock	-11.48	-11.48	-	-0.87	-	-0.17
Other Financing Activities	-	-	-	-7.34	-	-0.15
Financing Cash Flow	1.13	2.14	14.78	430.47	46.95	30.97
Net Cash Flow	191.36	142.17	54.26	433.43	60.65	35.55
Free Cash Flow	203.6	150.42	48.09	5.58	14.33	-1.62
Free Cash Flow Growth	252.76%	212.77%	761.28%	-61.04%	-	-
Free Cash Flow Margin	34.92%	28.32%	13.02%	2.23%	8.86%	-2.29%
Free Cash Flow Per Share	4.22	3.23	1.22	0.24	1.13	-
Cash Income Tax Paid	2.29	2.32	0.62	0.13	-	-
Levered Free Cash Flow	153.49	116.03	65.42	23.58	19.9	-
Unlevered Free Cash Flow	153.49	116.03	65.42	23.58	19.9	-
Change in Net Working Capital	-56.26	-35.37	-37.41	-23.76	-14.64	-

Source: S&P Capital IQ. Standard template.