Company name:
GoDaddy Inc
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IPO SHARE PRICE:$20.00
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IPO DATE:01 April 2015
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TICKER:GDDY
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MAIN STOCK EXCHANGE:New York Stock Exchange
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CURRENT HQ LOCATION:14455 N Hayden Road Scottsdale Arizona 85260
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FISCAL YEAR END:December 31
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INCORPORATION JURISDICTION:DE
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
GoDaddy Inc
We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com
Balance Sheet
(USD in thousand)
11.9%
6.1%
Selected Year:
31-Dec
2020
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
20.1%
11.9% —
Cash and cash equivalents
6.1% —
Prepaid domain name registry fees
0.9% —
Prepaid expenses and other current assets
0.6% —
Accounts Receivable
0.5% —
Registry deposits
Liquidity
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The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
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$582,700 | $932,400 | $1,062,800 | $765,200 | |||
Short-term passive investments | 12,300 | 18,900 | 23,600 | - | |||
Accounts Receivable | 18,400 | 26,400 | 30,200 | 41,800 | |||
Prepaid domain name registry fees | 351,500 | 363,200 | 382,600 | 392,400 | |||
Prepaid expenses and other current assets | 59,900 | 58,100 | 48,900 | 60,800 | |||
Registry deposits | 34,700 | 28,300 | 27,200 | 31,100 | |||
Total current assets | $1,059,500 | $1,427,300 | $1,575,300 | $1,291,300 |
4.0%
19.5%
50.9%
Selected Year:
31-Dec
2020
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
79.9%
50.9% —
Goodwill
19.5% —
Intangible assets
4.0% —
Property and equipment net
2.7% —
Prepaid domain name registry fees
2.2% —
Operating lease assets
0.6% —
Other assets non-current
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Property and equipment net | 297,900 | 299,000 | 258,600 | 257,300 | |||
Operating lease assets | - | - | 196,600 | 142,000 | |||
Deferred tax assets | - | - | - | - | |||
Prepaid domain name registry fees | 180,800 | 183,600 | 179,300 | 176,100 | |||
Intangible assets
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1,326,000 | 1,211,500 | 1,097,700 | 1,255,100 | |||
Goodwill
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2,859,900 | 2,948,000 | 2,976,500 | 3,275,100 | |||
Other assets non-current | - | - | 17,200 | 36,000 | |||
Other non-current assets | 14,200 | 14,000 | 17,200 | - | |||
Total non-current assets | 4,678,800 | 4,656,100 | 4,725,900 | 5,141,600 |
Total assets | $5,738,300 | $6,083,400 | $6,301,200 | $6,432,900 |
26.6%
8.2%
11.3%
48.0%
20.3%
Selected Year:
31-Dec
2020
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
36.0%
26.6% —
Current portion of deferred revenue
8.2% —
Accrued expenses and other current liabilities
0.8% —
Accounts payable
0.4% —
Current maturities of long-term debt
0.0% —
Payable pursuant to tax receivable agreements
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Accounts payable | $59,600 | $61,600 | $72,300 | $51,000 | |||
Payable pursuant to tax receivable agreements | - | - | - | 200 | |||
Payable to related parties for tax distributions to Desert Newco LLCs owners | - | - | - | - | |||
Payable to related parties for tax distributions | - | - | - | - | |||
Accrued expenses and other current liabilities | 469,600 | 414,300 | 366,000 | 527,400 | |||
Current portion of deferred revenue | 1,264,800 | 1,393,700 | 1,544,400 | 1,711,300 | |||
Current maturities of long-term debt | 16,700 | 16,600 | 18,400 | 24,300 | |||
Total current liabilities | $1,810,700 | $1,886,200 | $2,001,100 | $2,314,200 |
Selected Year:
31-Dec
2020
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
64.2%
48.0% —
Long-term debt
11.3% —
Deferred revenue
2.6% —
Operating leases
1.4% —
Deferred tax liability
0.9% —
Other non-current liabilities
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Deferred revenue | 596,800 | 623,800 | 654,400 | 725,100 | |||
Payable pursuant to tax receivable agreements | - | - | 175,300 | - | |||
Payable to related parties for tax distributions | 153,000 | - | - | - | |||
Payable to related parties pursuant to tax receivable agreements | - | 174,300 | 175,300 | - | |||
Deferred tax liability | 145,500 | 117,200 | 100,900 | 92,000 | |||
Long-term debt
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2,410,800 | 2,394,200 | 2,376,800 | 3,090,100 | |||
Operating leases
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- | - | 192,900 | 166,700 | |||
Other non-current liabilities | 75,000 | 63,200 | 17,700 | 56,600 | |||
Total long-term liabilities | $3,381,100 | $3,372,700 | $3,518,000 | $4,130,500 |
Total Liabilities | $5,191,800 | $5,258,900 | $5,519,100 | $6,444,700 |
Selected Year:
31-Dec
2020
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
-0.2%
20.3% —
Additional paid-in capital
0.0% —
Non-controlling interest
0.0% —
Common stock Class A
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Non-controlling interest | $60,000 | $31,800 | $10,100 | $1,100 | |||
Preferred Stock
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- | - | - | - | |||
Members Equity | - | - | - | - | |||
Common stock Class A | 100 | 200 | 200 | 200 | |||
Common stock Class B | - | - | - | - | |||
Retained earnings | 87,700 | 164,800 | (153,500) | - | |||
Accumulated deficit
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- | - | (153,500) | (1,190,900) | |||
Additional paid-in capital
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484,400 | 699,800 | 1,003,500 | 1,308,800 | |||
Accumulated other comprehensive income | - | - | - | - | |||
Accumulated other comprehensive (loss) income | - | - | - | - | |||
Accumulated other comprehensive loss | (85,700) | (72,100) | (78,200) | (131,000) | |||
Total Equity attributable to Company | 486,500 | 792,700 | 772,000 | (12,900) | |||
Total Equity | $546,500 | $824,500 | $782,100 | ($11,800) |
Total Liabilities and Equity | $5,738,300 | $6,083,400 | $6,301,200 | $6,432,900 |