BM Technologies, Inc. Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated statements of cash flows

In millions of USD, except per-share amounts

	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020	FY2019 12 months to Dec 31, 2019
Cash Flows from Operating Activities:
Net loss
Adjustments to reconcile net loss to net cash provided by operating activities:
Interest earned in Trust Account
Other income remitted directly to Trust Account
Depreciation of premises and equipment
Loss on disposal of premises and equipment
Amortization of developed software
Amortization of other intangible assets
Amortization of leased assets
Provision for bad debt
Impairment of developed software
Share-based compensation expense
Gain on fair value of private warrant liability
Changes in operating assets and liabilities:
Accounts receivable
Prepaid expenses and other current assets
Accounts payable
Other assets
Accounts payable and accrued liabilities
Taxes payable
Franchise taxes payable
Operating lease liabilities
Deferred revenue
Other liabilities

Net Cash provided by Operating Activities
Cash Flows Used in Investing Activities:
Interest income released from Trust Account to pay taxes
Cash released from Trust Account for Class A common stock redemptions
Cash moved to escrow from private placement received in advance
Investment income released from Trust Account to pay taxes
Development of internal use software
Purchases of premises and equipment
Net Cash used in Investing Activities

Cash Flows Used in Financing Activities:
Cash used for Class A common stock redemptions
Proceeds from private placement received in advance
Repayments of borrowings from Partner Bank
Capital contribution from Partner Bank
Repayments of borrowings
Proceeds from recapitalization transaction
Proceeds from exercise of warrants
Repurchase of private warrants
Payments related to net settlement of share-based compensation awards
Net Cash used in Financing Activities

NET CHANGE IN CASH
Net Decrease in Cash and Cash Equivalents
CASH, BEGINNING OF YEAR
CASH, END OF YEAR
Cash and Cash Equivalents – Beginning
Cash and Cash Equivalents – Ending
Supplementary Cash Flow Information:
Change in value of Class A common stock subject to possible redemption
Income taxes paid
Income taxes (refunded) paid, net
Interest paid
Noncash Operating, Investing, and Financing Activities:
Conversion of private warrants to public warrants
Share-based compensation expense recorded as capital contribution from Partner Bank
Contingent liability for acquired software

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