Company name:

Cloudflare Inc

  • IPO SHARE PRICE:
    $15.00
  • IPO DATE:
    13 September 2019
  • TICKER:
    NET
  • MAIN STOCK EXCHANGE:
    NYSE
  • CURRENT HQ LOCATION:
    101 Townsend Street San Francisco California 94107
  • 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

Cloudflare Inc

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Balance Sheet

Quarterly Annual
(USD in thousand)
7.9% 4.6% 66.9%
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
81.8%
66.9% —

Available-for-sale securities

7.9% —

Cash and cash equivalents

4.6% —

Accounts Receivable

2.0% —

Prepaid expenses and other current assets

0.3% —

Contract assets current portion

0.2% —

Restricted cash and cash equivalents

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 		$25,055 $138,976 $108,895
Restricted cash and cash equivalents - - 2,591
Available-for-sale securities 135,602 497,972 923,201
Accounts Receivable 25,155 33,867 63,499
Prepaid expenses and other current assets 9,373 16,994 28,230
Contract assets current portion 1,552 2,063 3,538
Total current assets $196,737 $689,872 $1,129,954
9.0% 3.1% 3.2%
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
18.2%
9.0% —

Property and equipment net

3.2% —

Deferred contract acquisition costs

3.1% —

Operating lease - right-of-use assets

1.2% —

Goodwill

0.9% —

Other non-current assets

0.5% —

Long-term restricted cash

0.2% —

Acquisition-related intangible assets
Selected Year:
Long-term restricted cash 6,371 6,660 6,660
Property and equipment net 73,210 101,466 123,688
Operating lease - right-of-use assets - - 43,148
Deferred contract acquisition costs 15,940 25,184 44,176
Acquisition-related intangible assets
156 31 2,800
Goodwill
4,083 4,083 17,167
Other non-current assets 1,883 3,528 13,058
Total non-current assets 101,643 140,952 250,697
Total assets $298,380 $830,824 $1,380,651
4.0% 3.3% 27.8% 89.6%
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
10.2%
4.0% —

Current portion of deferred revenue

3.3% —

Accrued expenses and other current liabilities

1.3% —

Current portion of Operating leases

1.0% —

Accounts payable

0.6% —

Liability for early exercise of unvested stock options
Selected Year:
Accounts payable $14,285 $11,463 $14,485
Accrued expenses and other current liabilities 15,699 28,314 45,627
Current portion of deferred revenue 16,817 30,843 54,945
Liability for early exercise of unvested stock options 14,323 13,263 8,603
Current portion of notes payable 255 - -
Current portion of Operating leases - - 17,717
Total current liabilities $61,379 $83,883 $141,377
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
30.6%
27.8% —

Senior convertible notes

2.0% —

Operating leases

0.7% —

Other non-current liabilities

0.1% —

Deferred revenue
Selected Year:
Deferred revenue 220 804 1,891
Redeemable convertible preferred stock warrant liabilities 1,618 - -
Senior convertible notes
- - 383,275
Operating leases
- - 27,309
Built-to-suit lease liability
10,443 10,506 -
Other non-current liabilities 6,704 9,803 9,859
Total long-term liabilities $18,985 $21,113 $422,334
Total Liabilities $80,364 $104,996 $563,711
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
59.2%
89.6% —

Additional paid-in capital

0.0% —

Common stock Class A

0.0% —

Accumulated other comprehensive income

0.0% —

Common stock Class B
Selected Year:
Redeemable convertible preferred stock
$331,521 - -
Common stock Class A - 87 249
Common stock Class B 85 207 55
Accumulated deficit
(195,878) (301,706) (420,520)
Additional paid-in capital
82,345 1,027,179 1,236,993
Accumulated other comprehensive income - 61 163
Accumulated other comprehensive (loss) income (57) - -
Total Equity ($113,505) $725,828 $816,940
Total Liabilities and Equity $298,380 $830,824 $1,380,651