← Upland Software, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent ($13.5m) ($18.7m) ($10.8m) ($45.4m) ($51.2m) ($58.2m) ($68.4m) ($179.9m) ($112.7m) ($38.9m)
Net Income (Loss) Available to Common Stockholders, Basic ($13.5m) — — — — — ($70.3m) ($185.2m) ($118.3m) ($44.8m)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest ($13.5m) — — — — — — — — —
Depreciation, Depletion and Amortization $9.8m $11.9m $21.3m $34.6m $47.2m $52.9m $56.1m $72.0m $55.0m $32.1m
Amortization of Intangible Assets $7.2m $9.6m $19.0m $32.4m $44.9m $50.9m $54.6m $70.6m $53.8m $31.2m
Other Depreciation and Amortization $2.7m $2.6m $2.3m $2.2m $2.2m $2.0m $1.5m $1.4m $1.2m $1.0m
Deferred Income Tax Expense (Benefit) $529k ($262k) ($12.6m) ($9.2m) ($7.1m) ($11.1m) ($7.5m) ($5.0m) ($3.6m) ($5.3m)
Share-based Payment Arrangement, Noncash Expense $4.3m $10.0m $14.1m $25.8m $41.7m $53.9m $41.6m $22.9m $15.3m $9.1m
Payment, Tax Withholding, Share-based Payment Arrangement — $3.4m $9.4m $12.7m $2.1m $982k $1.6m $1.1m $2.6m $1.1m
Share-based Payment Arrangement, Expense $4.3m $10.0m $14.1m $25.8m $41.7m $53.9m $41.6m $22.9m $15.3m $9.1m
Goodwill and Intangible Asset Impairment — — — — — — — — — $0
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $12.5m $128.8m $87.2m $2.5m
Impairment of Intangible Assets, Finite-lived — — — $0 $0 $0 — — — $2.5m
Gain (Loss) on Extinguishment of Debt — $0 $0 ($2.3m) $0 $0 — $0 $0 ($2.3m)
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property — $19k $0 $0 ($635k) $0 ($79k) ($47k) ($17k) ($60k)
Gain (Loss) on Disposition of Business ($746k) $0 $0 ($2.0m) $0 $0 — — — ($24.4m)
Gain (Loss) on Disposition of Property Plant Equipment ($200k) $0 $0 — — — ($100k) ($47k) ($17k) ($60k)
Income Tax Expense (Benefit) $1.5m $1.3m ($9.8m) ($6.8m) ($4.2m) ($8.3m) ($1.7m) ($2.5m) $2.6m $232k
Interest Expense Nonoperating — — — — — — — — $8.9m —
Operating Lease, Expense — — — $2.9m — — — $1.4m $1.4m —
Other Nonoperating Income (Expense) ($678k) $289k ($1.8m) ($3.2m) ($111k) ($253k) ($781k) $236k $1.1m ($652k)
Changes in operating assets and liabilities:
Noncash investing and financing activities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $361k $4.7m $5.2m ($3.2m) ($10.4m) $1.7m ($9.7m) ($8.9m) $328k ($5.4m)
Increase (Decrease) in Accounts Payable ($1.5m) $1.3m ($3.4m) ($73k) ($3.1m) $10.9m ($7.2m) ($6.9m) $1.3m ($5.7m)
Accounts Receivable, Credit Loss Expense (Reversal) $863k $1.1m $875k $1.7m $1.1m $694k $556k ($569k) $309k —
Purchases of property and equipment, accrued but unpaid $670k $396k $935k $1.0m $1.1m $1.1m $866k $1.2m $882k $1.4m
Foreign Currency Transaction Gain (Loss), before Tax $64k $382k ($305k) ($58k) ($272k) ($25k) $12k $538k $999k $873k
General and Administrative Expense $18.3m $23.3m $32.0m $48.1m $68.1m $76.9m $70.5m $61.3m $49.5m $38.0m
Goodwill $69.1m $154.6m $225.3m $346.1m $383.6m $457.5m $477.0m $353.8m $261.0m $259.6m
Nonoperating Income (Expense) ($3.5m) ($6.3m) ($15.1m) ($27.9m) ($31.6m) ($31.9m) ($29.9m) ($18.4m) ($7.8m) ($43.1m)
Operating Expenses $55.7m $75.4m $106.9m $177.8m $217.1m $237.2m $253.8m $365.4m $296.0m $157.7m
Payments of Financing Costs — — — $14.2m $11.6m — — — — —
Unrealized Gain (Loss) on Derivatives — — — $2.4m ($32.5m) $21.6m — — — —
Net Cash Provided by (Used in) Operating Activities $3.9m $7.7m $7.3m $12.1m $35.6m $41.7m $30.0m $49.9m $24.2m $25.8m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $670k $396k $935k $1.0m $1.1m $1.1m $866k $1.2m $882k $1.4m
Payments to Acquire Businesses, Net of Cash Acquired $12.2m $110.3m $160.8m $216.0m $67.7m $92.4m $62.4m $0 $0 —
Net Cash Provided by (Used in) Investing Activities ($13.2m) ($110.8m) ($161.7m) ($217.8m) ($69.0m) ($93.5m) ($63.2m) ($1.2m) ($882k) $8.8m
Cash flows from financing activities:
Proceeds from Issuance of Common Stock ($515k) $43.8m $807k $151.6m $130.5m $274k $191k $5k $0 $0
Dividends Payable — — — — — — — — $12.8m $18.6m
Net Cash Provided by (Used in) Financing Activities $19.5m $96.2m $149.9m $363.8m $107.9m ($8.2m) $94.2m ($61.4m) ($202.3m) ($63.4m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $203k $456k ($897k) ($1.4m) $567k ($557k) $1.8m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — $449k ($1.2m) $158.3m $75.0m ($60.9m) $59.5m ($12.1m) ($179.5m) ($27.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $449k ($1.2m) $175.0m $250.0m $189.2m $248.7m $236.6m $57.1m $30.0m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $2.5m $6.0m $12.4m $23.9m $29.9m $29.4m $29.1m $32.1m $28.9m $20.4m
Income Taxes Paid, Net $488k $1.8m $3.3m $3.6m $3.2m $2.8m $3.9m $7.1m $2.0m $6.9m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.