Company name:

Dropbox Inc

  • IPO SHARE PRICE:
    $21.00
  • IPO DATE:
    23 March 2018
  • TICKER:
    DBX
  • MAIN STOCK EXCHANGE:
    NASDAQ Global Select
  • CURRENT HQ LOCATION:
    1800 Owens Street San Francisco California 94158
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Dropbox Inc

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Balance Sheet

Quarterly Annual
(USD in thousand)
13.2% 33.8%
Selected Year:
31-Dec
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
51.4%
33.8% —

Short-term passive investments

13.2% —

Cash and cash equivalents

2.6% —

Prepaid expenses and other current assets

1.8% —

Trade and other receivables

Liquidity
Selected Year:
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
Cash and cash equivalents 		$430,000 $519,300 $551,300 $314,900
Short-term passive investments - 570,000 607,700 806,400
Trade and other receivables 29,300 28,600 36,700 43,400
Prepaid expenses and other current assets 58,800 92,300 47,500 62,800
Total current assets $518,100 $1,210,200 $1,243,200 $1,227,500
14.2% 19.7% 3.4% 9.9%
Selected Year:
31-Dec
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
48.6%
19.7% —

Operating lease - right-of-use assets

14.2% —

Property and equipment net

9.9% —

Goodwill

3.4% —

Other assets non-current

1.4% —

Intangible assets
Selected Year:
Property and equipment net 341,900 310,600 445,300 338,700
Operating lease - right-of-use assets - - 657,900 470,500
Intangible assets
17,000 14,700 47,400 33,500
Goodwill
98,900 96,500 234,500 236,900
Other assets non-current - - 70,900 80,100
Other non-current assets 44,000 62,100 70,900 -
Total non-current assets 501,800 483,900 1,456,000 1,159,700
Total assets $1,019,900 $1,694,100 $2,699,200 $2,387,200
25.6% 6.6% 4.8% 3.7% 4.2% 31.8% 7.2% 107.4%
Selected Year:
31-Dec
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
45.6%
25.6% —

Current portion of deferred revenue

6.6% —

Accrued expenses and other current liabilities

4.8% —

Accrued employee compensation and benefits

4.2% —

Current portion of Finance leases

3.7% —

Current portion of Operating leases

0.8% —

Accounts payable
Selected Year:
Accounts payable $31,900 $33,300 $40,700 $18,700
Accrued employee compensation and benefits 56,100 80,900 101,400 113,600
Accrued expenses and other current liabilities 129,800 164,500 161,900 156,700
Current portion of deferred revenue 417,900 485,000 554,200 610,500
Current portion of Capital leases 102,700 - - -
Current portion of Operating leases - - 79,900 88,700
Current portion of Finance leases - 73,800 76,700 99,600
Total current liabilities $738,400 $837,500 $1,014,800 $1,087,800
Selected Year:
31-Dec
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
40.4%
31.8% —

Operating leases

7.2% —

Finance leases

1.4% —

Other non-current liabilities
Selected Year:
Deferred rent 69,800 - - -
Capital leases
71,600 - - -
Operating leases
- - 711,900 759,600
Finance leases
- 89,900 138,200 171,600
Other non-current liabilities 37,200 89,900 25,900 34,400
Total long-term liabilities $178,600 $179,800 $876,000 $965,600
Total Liabilities $917,000 $1,017,300 $1,890,800 $2,053,400
Selected Year:
31-Dec
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
14.0%
107.4% —

Additional paid-in capital

0.5% —

Accumulated other comprehensive income
Selected Year:
Convertible preferred stock
$615,300 - - -
Accumulated deficit
(1,049,700) (1,659,500) (1,726,200) (2,241,400)
Additional paid-in capital
533,100 2,337,500 2,531,300 2,564,300
Accumulated other comprehensive income - - 3,300 10,900
Accumulated other comprehensive (loss) income 4,200 (1,200) 3,300 -
Total Equity $102,900 $676,800 $808,400 $333,800
Total Liabilities and Equity $1,019,900 $1,694,100 $2,699,200 $2,387,200