Procore Announces Fourth Quarter and Full Year 2021 Financial Results

Computation of free cash flow:

 

 

Three Months Ended
December 31,

 

 

Year Ended
December 31,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

 

(dollars in thousands)

 

Net cash (used in) provided by operating activities

 

$

(3,575

)

 

$

11,781

 

 

$

36,730

 

 

$

21,853

 

Purchases of property and equipment

 

 

(3,978

)

 

 

(484

)

 

 

(12,383

)

 

 

(7,202

)

Capitalized software development costs

 

 

(5,073

)

 

 

(2,361

)

 

 

(15,248

)

 

 

(11,764

)

Non-GAAP free cash flow

 

$

(12,626

)

 

$

8,936

 

 

$

9,099

 

 

$

2,887

 

 



Contact:

Media Contact
Elizabeth Locke
press@procore.com

Investor Contact
Matthew Puljiz
ir@procore.com



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