; ForgeRock, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities:    
Net loss $ (25,436) $ (16,470)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 256 280
Noncash operating lease expense 613 535
Stock-based compensation expense 10,183 6,460
Amortization of deferred commissions 3,916 3,991
Foreign currency remeasurement loss (gain) 552 (620)
Amortization of premium / discount on short-term investments (867) 646
Other 421 102
Changes in operating assets and liabilities:    
Deferred commissions (3,822) (4,085)
Accounts receivable 25,158 17,321
Contract and other non-current assets (2,275) (122)
Prepaid expenses and other current assets (913) (893)
Operating lease liabilities (634) (499)
Accounts payable 3,957 (436)
Accrued expenses and other liabilities (10,382) (4,640)
Deferred revenue (5,034) (6,040)
Net cash used in operating activities (4,307) (4,470)
Investing activities:    
Purchases of property and equipment (285) (488)
Purchases of short-term investments (18,974) (52,994)
Maturities of short-term investments 35,763 14,452
Sales of short-term investments 579 4,836
Net cash provided by (used in) investing activities 17,083 (34,194)
Financing activities:    
Proceeds from exercises of employee stock options 6,338 2,179
Payment of offering costs 0 (141)
Employee payroll taxes paid for net shares settlement of restricted stock units (3,903) 0
Net cash provided by financing activities 2,435 2,038
Effect of exchange rates on cash and cash equivalents and restricted cash (50) (200)
Net increase (decrease) in cash, cash equivalents and restricted cash 15,161 (36,826)
Cash, cash equivalents and restricted cash, beginning of year 131,324 128,437
Cash, cash equivalents and restricted cash, end of period 146,485 91,611
Supplementary cash flow disclosure:    
Short-term investments, end of period 191,743 272,785
Cash paid for interest 791 524
Reconciliation of cash and cash equivalents and restricted cash:    
Cash and cash equivalents 143,971 91,580
Restricted cash included in prepaids and other current assets 2,514 31
Total cash and cash equivalents and restricted cash $ 146,485 $ 91,611