← VTEX

	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	—	—	—	—	—	$20.0m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	($825k)	($60.5m)	($52.4m)	($13.7m)	$12.0m	$20.0m
Net Income (Loss) Attributable to Noncontrolling Interest	—	—	—	—	—	$18k
Depreciation, Depletion and Amortization	$2.4m	$4.1m	$4.6m	$5.0m	$4.4m	$3.3m
Amortization of Intangible Assets	—	—	—	—	—	$2.2m
Deferred Income Tax Expense (Benefit)	($616k)	($11.1m)	($4.9m)	($2.1m)	($3.7m)	$2.7m
Share-based Payment Arrangement, Noncash Expense	—	—	—	—	—	$17.2m
Payment, Tax Withholding, Share-based Payment Arrangement	—	—	—	—	—	$2.5m
Adjustments For Share-Based Payments	$2.8m	$9.2m	$12.2m	$16.4m	$15.6m	—
Share-based Payment Arrangement, Expense	—	—	—	—	—	$18.7m
Goodwill, Impairment Loss	—	—	—	—	—	$0
Impairment of Intangible Assets, Finite-lived	—	—	—	—	—	$0
Gain (Loss) on Disposition of Property Plant Equipment	$132k	$54k	($9k)	$874k	$120k	($7k)
Income Tax Expense (Benefit)	—	—	—	—	—	$2.5m
Other Nonoperating Income (Expense)	—	—	—	—	—	($744k)
Changes in operating assets and liabilities:
Noncash investing and financing activities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable	—	—	—	—	—	($446k)
Accounts Receivable, Credit Loss Expense (Reversal)	—	—	—	—	—	$1.2m
Proceeds from Stock Options Exercised	$313k	$3.8m	$567k	$1.0m	$3.9m	$232k
Purchases of property and equipment, accrued but unpaid	—	—	—	—	—	$1.0m
Adjustments For Decrease Increase In Trade Account Receivable	($10.1m)	($16.7m)	($3.6m)	($13.1m)	($22.7m)	—
Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries Joint Ventures And Associates	$78k	$587k	—	—	—	—
Foreign Currency Transaction Gain (Loss), before Tax	—	—	—	—	—	($10.4m)
General and Administrative Expense	$14.0m	$31.9m	$28.3m	$33.7m	$34.4m	$34.0m
Goodwill	—	—	—	—	—	$26.3m
Investment Income, Interest	—	—	—	—	—	$3.7m
Nonoperating Income (Expense)	—	—	—	—	—	$4.4m
Payments of Financing Costs	—	—	—	—	—	$47k
Payments Of Lease Liabilities Classified As Financing Activities	$350k	$913k	$1.3m	$1.6m	$1.6m	—
Proceeds From Borrowings Classified As Financing Activities	$0	$0	—	—	—	—
Proceeds From Issuing Shares	—	$296.3m	$0	$0	—	—
Purchase Of Intangible Assets Classified As Investing Activities	$0	$368k	$0	$0	—	—
Repayments Of Borrowings Classified As Financing Activities	$3.0m	$10.9m	$2.7m	$1.2m	$71k	—
Net Cash Provided by (Used in) Operating Activities	$11.2m	($53.0m)	($29.2m)	$4.3m	$27.3m	$33.4m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment	$1.6m	$1.4m	$340k	$472k	$2.1m	$1.0m
Payments to Acquire Businesses, Net of Cash Acquired	—	—	—	—	—	$3.7m
Gain (Loss) on Sale of Investments	—	—	—	—	—	$14.8m
Net Cash Provided by (Used in) Investing Activities	($6.1m)	($166.8m)	($43.4m)	$38.4m	($20.0m)	$24.8m
Cash flows from financing activities:
Payments for Repurchase of Common Stock	—	—	—	—	—	$59.1m
Proceeds from (Payments to) Noncontrolling Interests	—	—	—	—	—	($164k)
Net Cash Provided by (Used in) Financing Activities	$25.0m	$283.7m	($19.6m)	($38.4m)	($14.0m)	($61.6m)
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities	$0	$27k	$0	$0	($369k)	$0
Interest Paid Classified As Financing Activities	$186k	$104k	$56k	$5k	$0	$0
Income Taxes Paid, Net	($1.9m)	($4.9m)	($312k)	$82k	($1.9m)	$104k
Income Taxes Paid Refund Classified As Operating Activities	($1.9m)	($4.9m)	$312k	($82k)	$1.9m	$104k