Bakkt Results Presentation Deck
NOTES
Statement
of
cash flows
A
Note: All financial data on this slide in unaudited.
Smm's
Cash flows from operating activities:
Net loss
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
Non-cash lease expense
Share-based compensation expense
Unit-based compensation expense
Forfeiture and cancellation of common units
Deferred income taxes
Impairment of long-lived assets
Goodwill and intangible assets impairments
Loss on disposal of assets
Loss (gain) from change in fair value of warrant liability
Other
Changes in operating assets and liabilities:
Accounts receivable
Prepaid insurance
Deposits with clearinghouse
Accounts payable and accrued liabilities
Due to related party
Deferred revenue
Operating lease liabilities
Customer funds payable
Other assets and liabilities
Net cash provided by (used in) operating activities
Cash flows from investing activities:
Capitalized internal-use software development costs and other capital expenditures
Purchase of available-for-sale securities
Proceeds from the maturity of available-for-sale securities
Acquisition of Bumped Financial, LLC
Acquisition of Apex Crypto LLC, net of cash acquired
Net cash (used in) provided by investing activities
Cash flows from financing activities:
Proceeds from the exercise of warrants
Repurchase and retirement of Class A common stock
Net cash (used in) provided by financing activities
Effect of exchange rate changes
Net increase (decrease) in cash, cash equivalents, restricted cash and customer funds
Cash, cash equivalents, restricted cash and customer funds at the beginning of the period
Cash, cash equivalents, restricted cash and customer funds at the end of the period
3Q23
$(51.7)
4.0
0.8
3.0
0.4
(0.0)
0.1
23.3
0.1
0.2
0.0
(0.7)
3.9
15.2
(3.1)
0.8
1.0
(0.8)
27.7
0.6
24.6
(1.9)
(17.6)
10.0
0.0
(9.4)
(0.4)
14.8
$109.9
$124.7
2023
$(50.5)
3.8
0.7
4.1
0.2
0.0
(0.4)
0.2
4.4
2.6
4.9
0.5
(0.3)
(0.7)
(0.0)
(0.7)
(31.3)
(2.3)
0.0
52.2
(0.0)
(44.4)
5.4
(2.5)
(2.5)
0.3
(28.0)
$137.9
$109.9
3Q22
$(1,592.5)
6.4
0.8
7.7
1.1
(0.1)
(0.6)
1,547.7
(0.4)
0.1
(0.7)
3.0
0.0
(8.0)
0.3
(0.5)
3.6
(0.0)
(1.0)
(33.4)
(7.8)
0.4
74.7
67.4
0.0
0.0
(0.8)
33.2
$372.3
$405.5
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