Spotify Results Presentation Deck
Consolidated statement of cash flows
(Unaudited)
(in € millions)
Operating activities
Net loss
Adjustments to reconcile net loss to net cash flows
Depreciation of property and equipment and lease right-of-use assets
Amortization of intangible assets
Share-based compensation expense
Excess and obsolete reserve
Finance income
Finance costs
Income tax (benefit)/expense
Other
Changes in working capital:
Increase in trade receivables and other assets
Increase in trade and other liabilities
Increase in deferred revenue
(Decrease)/increase in provisions
nterest paid on lease liabilities
Interest received
Income tax paid
Net cash flows (used in)/from operating activities
Investing activities
Business combinations, net of cash acquired
Purchases of property and equipment
Purchases of short term investments
Sales and maturities of short term investments
Proceeds from sale of long term investment
Change in restricted cash
Other
Net cash flows (used in)/from investing activities
Financing activities
Payments of lease liabilities
Lease incentives received
Proceeds from exercise of stock options
Proceeds from issuance of Exchangeable Notes, net of costs
Proceeds from issuance of warrants
Repurchases of ordinary shares
Payments for employee taxes withheld from restricted
stock unit releases
Net cash flows (used in)/from financing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at beginning of the period
Net foreign exchange (losses)/gains on cash and cash quivalents
Cash and cash equivalents at period end
December 31, 2022
(270)
32
18
100
(26)
86
(21)
3
(69)
74
16
(13)
20
(18)
(70)
|
(5)
(168)
71
2
(1)
(101)
(12)
(9)
(21)
(192)
2,851
(176)
2,483
Three months ended
September 30, 2022
(166)
30
14
108
(2)
(102)
18
22
5
(6)
117
20
(12)
(14)
12
(4)
40
(107)
(5)
(78)
78
4
(109)
(11)
11111
(10)
(21)
(90)
2,786
155
2,851
December 31, 2021
(39)
25
8
50
(20)
21
31
3
(63)
92
17
8
(13)
119
(14)
(16)
(112)
88
144
(3)
87
(10)
64
(65)
(14)
(25)
181
2,512
51
2,744
Twelve months ended
December 31, 2022 December 31, 2021
(430)
118
53
381
14
(421)
132
60
7
(84)
226
52
(3)
(53)
37
(43)
46
(306)
(25)
(457)
368
5
(8)
(423)
(43)
2
43
(2)
(40)
(40)
(417)
2,744
156
2,483
(34)
94
33
223
(246)
91
283
6
(245)
137
67
5
(50)
3
(6)
361
(115)
(85)
(497)
375
144
1
(10)
(187)
(35)
7
167
1,223
31
(89)
(54)
1,250
1,424
1,151
169
2,744
30View entire presentation