WIKIMEDIA FOUNDATION, INC.
Consolidated Statements of Cash Flows
Years ended June 30, 2024 and 2023
2024 2023
Cash flows from operating activities:
Increase in net assets $ 16,584,053  15,619,804  
Adjustments to reconcile increase in net assets to net cash
provided by operating activities:
Depreciation and amortization 4,216,271  4,602,064  
Loss on disposal of equipment 203,233  64,518  
Unrealized and realized gains on investments, net (8,356,376) (2,276,210) 
Right of use asset - operating lease, net 1,821,432  1,404,875  
Changes in operating assets and liabilities:
Contributions receivable (1,571,657) 700,000  
Prepaid expenses and other current assets (152,972) (469,201) 
Accounts payable 1,225,678  (483,402) 
Accrued expenses 1,037,299  1,224,690  
Lease liability (1,666,935) (1,618,384) 
Donations payable to Wikimedia Endowment (4,748,841) 5,254,730  
Other liabilities 205,056  (65,560) 
Net cash provided by operating activities 8,796,241  23,957,924  
Cash flows from investing activities:
Purchase of computer equipment and office furniture (4,435,982) (4,006,566) 
Development of internal use software 2,235,481  (3,076,098) 
Purchase of investments (92,176,499) (49,998,612) 
Proceeds from sales and maturities of investments 92,649,341  58,016,155  
Net cash provided by (used in) investing activities (1,727,659) 934,879  
Net increase in cash, cash equivalents, and
restricted cash 7,068,582  24,892,803  
Cash, cash equivalents, and restricted cash at beginning of year 77,205,118  52,312,315  
Cash, cash equivalents, and restricted cash at end of year $ 84,273,700  77,205,118  
Supplemental cash flow disclosure:
Noncash changes in exchange rate $ 290,621  (96,027) 
Initial recognition of right of use asset - operating lease —  (3,226,048) 
Initial recognition of lease liability —  3,580,607  
See accompanying notes to consolidated financial statements.
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