MeridianLink, 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

	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
Cash flows from operating activities:
Net (loss) income
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization
Depreciation
Amortization of intangible assets
Total depreciation and amortization
Amortization of costs capitalized to obtain revenue contracts
Provision for expected credit losses
Amortization of debt issuance costs
Share-based compensation expense
Deferred income taxes
Loss on disposal of property and equipment
Impairment of trademarks
Loss on sublease liability
Loss on debt repayment and extinguishment
Gain on change in fair value of earnout
Other adjustments
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable
Prepaid expenses and other assets
Related party receivable due from sellers of MeridianLink
Accounts payable
Accrued liabilities
Deferred revenue
Deferred rent

Net cash provided by operating activities
Cash flows from investing activities:
Capitalized software additions
Purchases of property and equipment
Return (payment) of escrow deposit
Funds received in connection with former business combination
Funds paid in connection with former business combination
Acquisition, net of cash acquired – Beanstalk Networks LLC
Acquisition, net of cash and restricted cash acquired – StreetShares, Inc.
Acquisition, net of cash and restricted cash acquired – Saylent Technologies, Inc.
Acquisition, net of cash acquired – TazWorks, LLC
Acquisition, net of cash acquired – Teledata Communications, Inc.
Net cash (used in) provided by investing activities
Cash flows from financing activities:
Repurchases of common stock
Excise taxes paid on share repurchases
Proceeds from exercise of stock options
Proceeds from employee stock purchase plan
Taxes paid related to net share settlement of restricted stock units
Principal payments of debt
Proceeds from debt issuance
Payments of debt issuance costs
Proceeds from financing obligation due to related party
Payments of financing obligation due to related party
Payments of Class A cumulative preferred return
Payment to sellers of Saylent Technologies, Inc.
Payment to sellers of Teledata Communications, Inc
Holdback payment to sellers of MeridianLink
Payments of deferred offering costs
Payments to sellers of MeridianLink
Payment of Regulation A+ investor note
Repurchases of Units
Class A Units
Class B Units
Proceeds from initial public offering, net of underwriters’ discounts and commissions
Payment due to effect of corporate conversion
Net cash used in financing activities

Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents, beginning of period
Cash and cash equivalents, end of period
Restricted cash
Supplemental disclosures of cash flow information:
Cash paid for interest
Cash paid for income taxes
Non-cash investing and financing activities:
Effect of corporate conversion (Note 1)
Shares withheld with respect to net settlement of restricted stock units
Initial recognition of operating lease liabilities
Initial recognition of operating lease right-of-use assets
Debt issuance costs included in accrued liabilities
Effect of corporate conversion
Related party receivable net against holdback payment to prior shareholders
Debt issuance costs included in accrued expenses
Deferred offering costs in prepaid expenses and other current assets as of December 31, 2020 offsetting payments of deferred offering costs
Excise taxes payable included in repurchases of common stock
Share-based compensation expense included in capitalized software additions
Purchase price allocation adjustment related to income tax effects for StreetShares acquisition
Purchase price allocation adjustment for Beanstalk Networks LLC acquisition
Purchases of property and equipment included in accounts payable and accrued liabilities
Payable to seller in connection with acquisition of TazWorks
Costs related to shelf registration on Form S-3 included in accrued liabilities
Deferred offering costs included in accounts payable and accrued expenses
Vesting of Class B Units
Tenant improvement allowance from landlord
Payment to sellers of MeridianLink offset against tenant improvement due to the Company
Vesting of restricted stock awards and restricted stock units
Regulation A+ investor note assumed in business combination

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