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AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)(Dollars in thousands) For the twelve monthsended March 31, 2025 2024 Cash flows from operating activities: Net earnings (loss)(814) 11,881 Earnings from discontinued operations, net of tax(1,688) (1,790)Non-cash operating activities: Depreciation and amortization17,207 11,508 Loss on disposal or impairment of assets85 1,219 Lease-related impairment and restructuring charges14 1,769 Gain on sale of strategic investments(515) — Loss on marketable equity securities206 — Provision for doubtful accounts695 2,254 Impairment of goodwill— 2,875 Deferred income taxes(447) (458)Non-cash stock compensation expense107,979 71,304 Changes in operating assets and liabilities: Accounts receivable, net3,547 (32,336)Deferred commissions3,691 (11,113)Other assets2,105 9,426 Accounts payable and other liabilities3,573 8,508 Income taxes3,430 22,275 Deferred revenue14,897 8,334 Net cash provided by operating activities153,965 105,656 Cash flows from investing activities: Capital expenditures(1,042) (4,255)Cash paid in acquisitions, net of cash received(1,951) (170,281)Purchases of investments(1,967) (48,894)Proceeds from sales of investments26,989 50,750 Proceeds from sale of strategic investment763 — Purchases of strategic investments(1,400) (1,000)Net cash provided by (used in) investing activities21,392 (173,680)Cash flows from financing activities: Proceeds related to the issuance of common stock under stock and employee benefit plans8,833 7,222 Shares repurchased for tax withholdings upon vesting of stock-based awards(10,331) (5,835)Acquisition of treasury stock(101,198) (60,502)Net cash used in financing activities(102,696) (59,115)Net cash provided by (used in) continuing operations72,661 (127,139)Cash flows from discontinued operations: From operating activities1,688 1,790 Net cash provided by discontinued operations1,688 1,790 Net cash provided by (used in) continuing and discontinued operations74,349 (125,349)Effect of exchange rate changes on cash106 372 Net change in cash, cash equivalents and restricted cash74,455 (124,977)Cash, cash equivalents and restricted cash at beginning of period339,471 464,448 Cash, cash equivalents and restricted cash at end of period413,926 339,471 Supplemental cash flow information: Cash paid for income taxes, net from continuing operations22,548 2,465 Cash received for income taxes, net from discontinued operations(2,486) (2,765)Cash received for tenant improvement allowances(2,628) — Cash paid for operating lease liabilities9,798 10,293 Operating lease assets obtained in exchange for operating lease liabilities2,327 11,825 Operating lease assets, and related lease liabilities, relinquished in lease terminations(595) (4,486)Purchases of property, plant and equipment remaining unpaid at period end20 104 Marketable equity securities obtained in disposition of strategic investment652 — Excise tax payable on net stock repurchases128 — LIVERAMP HOLDINGS, INC AND SUBSIDIARIESCALCULATION OF FREE CASH FLOW (1)(Unaudited)(Dollars in thousands) 6/30/20239/30/202312/31/20233/31/2024FY2024 6/30/20249/30/202412/31/20243/31/2025FY2025 Net cash provided by (used in) operating activities$25,693 $35,764 $16,556 $27,643 $105,656 $(9,328)$55,596 $45,117 $62,580 $153,965 Less: Capital expenditures (53) (200) (2,211) (1,791) (4,255) (226) (241) (282) (293) (1,042) Free Cash Flow$25,640 $35,564 $14,345 $25,852 $101,401 $(9,554)$55,355 $44,835 $62,287 $152,923 (1) This presentation includes non-GAAP measures.
AND SUBSIDIARIESRECONCILIATION OF GAAP TO NON-GAAP EPS (1)(Unaudited)(Dollars in thousands, except per share amounts) FY2024 FY2025 6/30/20239/30/202312/31/20233/31/2024FY2024 6/30/20249/30/202412/31/20243/31/2025FY2025 Income (loss) from continuing operations before income taxes7,119 14,63921,808(9,205)34,361 (804)11,68418,706(6,746)22,840 Income tax expense (benefit)8,705 10,1638,429(3,027)24,270 6,685 9,9529,184(479)25,342 Net earnings (loss) from continuing operations(1,586)4,47613,379(6,178)10,091 (7,489)1,7329,522(6,267)(2,502) Earnings from discontinued operations, net of tax- 387598805 1,790 - -1,688- 1,688 Net earnings (loss)(1,586)4,86313,977(5,373)11,881 (7,489)1,73211,210(6,267)(814) Earnings (loss) per share: Basic(0.02)0.070.21(0.08)0.18 (0.11)0.030.17(0.10)(0.01)Diluted(0.02)0.070.21(0.08)0.17 (0.11)0.030.17(0.10)(0.01) Excluded items: Purchased intangible asset amortization (cost of revenue)3,290 1,2171,1813,097 8,785 3,846 3,7483,6863,135 14,415 Non-cash stock compensation (cost of revenue and operating expenses)13,292 15,73517,49724,780 71,304 27,985 29,06826,76024,166 107,979 Restructuring and merger charges (gains, losses, and other)116 6,5742,5022,516 11,708 206 3971497,241 7,993 Transformation costs (general and administrative)1,875 --- 1,875 - --- - Total excluded items from continuing operations18,573 23,52621,18030,393 93,672 32,037 33,21330,59534,542 130,387 Income from continuing operations before income taxes and excluding items25,692 38,16542,98821,188 128,033 31,233 44,89749,30127,796 153,227 Income tax expense (2)6,167 9,03610,7323,947 29,882 7,371 10,74512,4217,759 38,296 Non-GAAP net earnings from continuing operations19,525 29,12932,25617,241 98,151 23,862 34,15236,88020,037 114,931 Non-GAAP earnings per share from continuing operations Basic0.29 0.440.490.26 1.48 0.36 0.520.560.30 1.74 Diluted0.29 0.430.470.25 1.45 0.35 0.510.550.30 1.70 Basic weighted average shares66,497 66,28465,96166,323 66,266 66,621 66,29465,63165,957 66,126 Diluted weighted average shares67,388 67,86867,94368,471 67,918 68,463 67,30966,74367,479 67,499 Some totals may not add due to rounding (1) This presentation includes non-GAAP measures.
AND SUBSIDIARIESRECONCILIATION OF GAAP TO NON-GAAP EPS (1)(Unaudited)(Dollars in thousands, except per share amounts) For the three monthsended March 31, For the twelve monthsended March 31, 2025 2024 2025 2024 Income (loss) from continuing operations before income taxes(6,746) (9,205) 22,840 34,361Income tax expense (benefit)(479) (3,027) 25,342 24,270Net earnings from continuing operations(6,267) (6,178) (2,502) 10,091Earnings from discontinued operations, net of tax- 805 1,688 1,790Net earnings (loss)(6,267) (5,373) (814) 11,881 Basic earnings (loss) per share(0.10) (0.08) (0.01) 0.18Diluted earnings (loss) per share(0.10) (0.08) (0.01) 0.17 Excluded items: Purchased intangible asset amortization (cost of revenue)3,135 3,097 14,415 8,785Non-cash stock compensation (cost of revenue and operating expenses)24,166 24,780 107,979 71,304Restructuring and merger charges (gains, losses, and other)7,241 2,516 7,993 11,708Transformation costs (general and administrative)— — — 1,875Total excluded items from continuing operations34,542 30,393 130,387 93,672 Income from continuing operations before income taxes and excluding items27,796 21,188 153,227 128,033Income tax expense (2)7,759 3,947 38,296 29,882Non-GAAP net earnings (loss) from continuing operations20,037 17,241 114,931 98,151 Non-GAAP earnings per share from continuing operations Basic0.30 0.26 1.74 1.48Diluted0.30 0.25 1.70 1.45 Basic weighted average shares65,957 66,323 66,126 66,266Diluted weighted average shares67,479 68,471 67,499 67,918 (1) This presentation includes non-GAAP measures.
