The Trade Desk, Inc. (TTD)

The Trade Desk Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	417.19	393.08	178.94	53.39	137.76	242.32
Depreciation & Amortization	95.56	87.49	80.42	54.43	42.22	28.63
Stock-Based Compensation	514.88	494.7	491.62	498.64	337.41	111.78
Other Adjustments	49.43	-26.53	-30.06	36.43	30.8	7.39
Change in Receivables	-344.87	-474.23	-554.01	-291.75	-444.34	-418.05
Changes in Accounts Payable	292.33	298.92	475.46	187.12	309.41	481.31
Changes in Accrued Expenses	32.47	46.56	35.68	8.17	7.6	35.45
Changes in Other Operating Activities	-50.91	-80.54	-79.73	2.31	-42.34	-83.75
Operating Cash Flow	929.17	739.46	598.32	548.73	378.51	405.07
Operating Cash Flow Growth	69.13%	23.59%	9.04%	44.97%	-6.56%	572.82%
Capital Expenditures	-173.25	-98.24	-46.79	-84.16	-54.8	-74.06
Purchases of Intangible Assets	-10.14	-8.82	-8.23	-7.73	-5.17	-6.05
Purchases of Investments	-939.4	-679.54	-608.38	-553.3	-278.39	-230.76
Proceeds from Sale of Investments	660.61	629.09	555.81	340.81	257.98	167.6
Payments for Business Acquisitions	-	-	-	-	-13.26	-
Investing Cash Flow	-466.53	-157.51	-107.59	-304.37	-93.64	-143.27
Short-Term Debt Issued	-	-	-	-	-	143
Short-Term Debt Repaid	-	-	-	-	-	-143
Issuance of Common Stock	192.2	266.27	99.01	80.59	90.71	97.82
Repurchase of Common Stock	-894.37	-373.88	-725.11	-48.6	-56.86	-53.14
Net Common Stock Issued (Repurchased)	-702.17	-107.61	-626.11	31.99	33.85	44.68
Other Financing Activities	-	-	-	-	-1.92	-
Financing Cash Flow	-575.61	-107.61	-626.11	31.99	31.93	44.68
Net Cash Flow	-112.98	474.33	-135.38	276.35	316.8	306.48
Beginning Cash & Cash Equivalents	1,009	895.13	1,031	754.15	437.35	130.88
Ending Cash & Cash Equivalents	896.39	1,369	895.13	1,031	754.15	437.35
Free Cash Flow	755.92	641.22	551.53	464.57	323.71	331.01
Free Cash Flow Growth	17.89%	16.26%	18.72%	43.52%	-2.21%	1250.39%
FCF Margin	28.22%	26.23%	28.34%	29.44%	27.06%	39.59%
Free Cash Flow Per Share	1.51	1.28	1.10	0.93	0.65	0.68
Levered Free Cash Flow	613.39	647.27	643.98	221.25	399.84	629.9
Unlevered Free Cash Flow	551.51	585.18	598.9	215.5	402.98	630.41

Updated Aug 7, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q