Procore Technologies, Inc.

Filing receipts

“The $0.4 million of net cash outflows provided as a result of changes in our operating assets and liabilities primarily reflected the following: • a $51.2 million decrease in accrued expenses and other liabilities primarily due to the size and timing of bonus and commission accruals and payouts, accrued ESPP contributions, payroll, and cash payments to our vendors; • a $33.6 million decrease in deferred revenue primarily due to timing of billings and seasonality; • a $10.7 million increase in prepaid expenses and other assets primarily due to timing of cash payments to our vendors; • a $6.9 million decrease in accounts payable primarily due to timing of cash payments to our vendors; and • a...”

“The $24.0 million of net cash inflows provided as a result of changes in our operating assets and liabilities primarily reflected an $86.3 million decrease in accounts receivable primarily due to timing of billings and cash receipts from customers, which was partially offset by the following: • a $26.6 million decrease in deferred revenue primarily due to timing of billings and seasonality; • a $11.1 million decrease in accounts payable primarily due to timing of cash payments to our vendors.”

“a $9.9 million decrease in accrued expenses and other liabilities primarily due to the size and timing of bonus and commission accruals and payouts, accrued ESPP contributions, payroll, and cash payments to our vendors; • a $7.5 million increase in prepaid expenses and other assets primarily due to timing of cash payments to our vendors; and • a $6.6 million increase in deferred contract cost assets related to commissions as a result of additional customer contracts closed and a higher capitalization rate during the period.”