ROVER GROUP, 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

	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 3 months to Dec 31, 2020
OPERATING ACTIVITIES
Net loss
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
General and administrative expenses paid by related party under note payable
Stock-based compensation
Depreciation and amortization
Non-cash operating lease costs
Change in fair value of other investments
Change in fair value of earnout liabilities
Change in fair value of derivative warrant liabilities
Net (accretion) amortization of investment (discounts) premiums
Issuance of common stock warrants
Amortization of debt issuance costs
Deferred income taxes
Loss on disposal of property and equipment
Loss from equity method investments
Impairment of DogHero investment
Changes in operating assets and liabilities:
Prepaid expenses
Due to related party
Franchise tax payable
Accounts receivable
Prepaid expenses and other current assets
Other noncurrent assets
Accounts payable
Accrued expenses and other current liabilities
Deferred revenue and pet parent deposits
Pet parent deposits
Pet care provider liabilities
Operating lease liabilities
Other noncurrent liabilities
Net cash provided by (used in) operating activities
INVESTING ACTIVITIES
Cash deposited in Trust Account
Purchases of property and equipment
Capitalization of internal-use software
Proceeds from disposal of property and equipment
Acquisition of businesses, net of cash acquired
Purchases of convertible notes
Purchases of available-for-sale securities
Proceeds from sales of available-for-sale securities
Maturities of available-for-sale securities
Purchase of Series C preference shares of DogHero Ltd.
Proceeds from sale of DogHero investment
Net cash (used in) provided by investing activities
FINANCING ACTIVITIES
Proceeds from issuance of Class B common stock to Sponsor
Proceeds from note payable to related party
Repayment of note payable to related party
Proceeds received from initial public offering, gross
Proceeds received from private placement
Offering costs paid
Proceeds from exercise of stock options and issuance of common stock
Redemption of stock warrants
Taxes paid related to settlement of equity awards
Proceeds from reverse recapitalization and related financing
Payment of deferred transaction costs related to reverse recapitalization
Proceeds from borrowing on credit facilities
Repayment of borrowings on credit facilities
Issuance costs related to debt financing
Net cash provided by financing activities
Effect of exchange rate changes on cash and cash equivalents
Net (decrease) increase in cash and cash equivalents
Cash and cash equivalents, beginning of year
Cash and cash equivalents, end of year
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Forfeiture of Class B common stock
Offering costs included in accrued expenses
Deferred underwriting commissions in connection with the initial public offering
Initial value of Class A common stock subject to possible redemption
Change in initial value of Class A common stock subject to possible redemption
Cash paid for income taxes, net of refunds
Cash paid for interest
NON-CASH INVESTING AND FINANCING ACTIVITIES
Right-of-use assets obtained in exchange for lease liabilities (excluding those recognized upon initial adoption of ASC 842)
Conversion of redeemable convertible preferred stock to common stock
Earnout liability recognized upon the closing of the reverse recapitalization
Derivative warrant liabilities recognized upon the closing of the reverse recapitalization
Reclassification of earnout liabilities to additional paid-in-capital
Issuance of Series G redeemable convertible preferred stock to settle Barking Dog Ventures, Ltd. holdback
Issuance of common stock warrants under credit facility and subordinated credit facility agreements
Reclassification of certain derivative warrant liabilities to equity upon exercise
Recognition of indemnity holdback liabilities upon acquisition of businesses
Stock-based compensation capitalized to internal-use software

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