Company name:

Cloudflare Inc

  • IPO SHARE PRICE:
    $15.00
  • IPO DATE:
    September 13, 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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Statement of Cash Flow

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
OPERATING ACTIVITIES
Cash received and spent on operating activites of business — buying materials, paying salaries, receiving payments from clients, etc
24.4% - Stock-based compensation
21.4% - Depreciation and amortization
10.9% - Deferred revenue
9.4% - Amortization of debt original issue discount and issuance cost
8.6% - Operating lease expense
7.5% - Amortization of deferred contract acquisition costs
7.4% - Accrued expenses and other liabilities
1.5% - Provision for (recovery of) bad debt expense
0.7% - Accounts payable
0.7% - Net accretion of discounts and amortization of premiums on available-for-sale securities
0.2% - Other liabilities
0.0% - Other
SOURCEs
7.4% 21.4% 8.6% 7.5% 10.9% 7.4% 9.4% 24.4%
100 %
0%
USES
14.3% 15.7% 9.0% 5.0% 51.7%
51.7% - Net income (loss)
15.7% - Deferred contract acquisition costs
14.3% - Accounts receivable
9.0% - Operating lease liabilities
5.0% - Prepaid expenses and other assets
2.7% - Deferred income taxes
1.0% - Other assets
0.6% - Contract assets
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
 ($87,164) ($105,828) ($119,370) ($119,370) ($136,084)
Depreciation and amortization
$45,679
 18,905 29,479 49,387 49,387 57,432
Operating lease expense
-
 - - 19,765 19,765 22,524
Amortization of deferred contract acquisition costs
$45,679
 7,060 10,821 17,324 17,324 20,956
Amortization of debt original issue discount and issuance cost Amortization of debt original issue discount and issuance cost
-
 - - 21,629 21,629 35,056
Stock-based compensation
$45,679
 27,347 36,627 56,334 56,334 64,972
Provision for (recovery of) bad debt expense
$45,679
 1,080 2,488 3,368 3,368 2,296
Net accretion of discounts and amortization of premiums on available-for-sale securities Net accretion of discounts and amortization of premiums on available-for-sale securities
$45,679
 (570) (1,801) 1,642 1,642 5,576
Deferred income taxes
$45,679
 385 370 (6,145) (6,145) 2,652
Change in fair value of redeemable convertible preferred stock warrant liability Change in fair value of redeemable convertible preferred stock warrant liability
$45,679
 1,220 1,517 - - -
Accounts receivable
$45,679
 (14,758) (11,200) (33,000) (33,000) (61,160)
Deferred contract acquisition costs
$45,679
 (12,235) (20,065) (36,315) (36,315) (46,800)
Prepaid expenses and other assets
$45,679
 (5,942) (7,621) (11,634) (11,634) (22,012)
Contract assets
$45,679
 2,158 (511) (1,475) (1,475) (5,808)
Other assets
$45,679
 (352) (1,575) (2,268) (2,268) (5,352)
Accounts payable
$45,679
 4,386 (1,328) 1,690 1,690 (11,832)
Accrued expenses and other liabilities
$45,679
 6,824 12,334 17,075 17,075 34,120
Deferred revenue
$45,679
 4,903 14,610 25,189 25,189 27,056
Operating lease liabilities
-
 - - (20,718) (20,718) (22,348)
Other
$45,679
 46 304 1 1 296
Other liabilities
$45,679
 3,426 2,462 392 392 3,208
Net cash provided by (used in) operating activities
$45,679
 ($43,281) ($38,917) ($17,129) ($17,129) ($35,252)
Selected Year:
31-Dec
2020
INVESTING ACTIVITIES
Cash spent on acquiring plant, equipment and other businesses, cash recei0 from sale of plant, equipment and subsidiaries as well cash parked temporarily in different securities - government bonds typically
62.0% - Maturities of available-for-sale securities
0.0% - Other investing activities
SOURCEs
38.0% 62.0%
100 %
0%
USES
0.0% 4.2% 93.4%
93.4% - (Purchases) sale of available-for-sale securities
4.2% - (Purchase) sale of property and equipment
1.4% - Capitalized internal-use software development costs
1.0% - Acquisitions
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
(Purchases) sale of available-for-sale securities
$45,679
 (145,269) 1,978 (1,267,015) (1,267,015) (1,243,472)
Maturities of available-for-sale securities
$45,679
 59,249 174,998 840,248 840,248 1,300,816
(Purchase) sale of property and equipment
$45,679
 (25,466) (43,289) (56,375) (56,375) (41,652)
Capitalized internal-use software development costs
$45,679
 (9,373) (13,990) (18,587) (18,587) (17,016)
Acquisitions
$45,679
 - - (13,941) (13,941) (1,000)
Other investing activities
$45,679
 64 44 397 397 8
Net cash provided by (used in) investing activities
$45,679
 ($120,795) ($417,641) ($515,273) ($515,273) ($2,316)
Selected Year:
31-Dec
2020
FINANCING ACTIVITIES
Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.
96.9% - Issuance of senior convertible notes gross
1.8% - Issuance of common stock under Employee Stock Purchase Plan (ESPP)
1.3% - Proceeds from issuance of common stock upon exercise of stock options
0.0% - Proceeds from issuance of common stock upon early exercise of stock options
SOURCEs
96.9%
100 %
0%
USES
85.1% 11.3%
11.3% - Purchase of convertible senior notes capped call
2.1% - Issuance costs of convertible senior notes
1.4% - Employee withholding taxes paid upon settlement of restricted stock units
0.1% - Employee withholding taxes paid upon exercise of stock options from employee stock purchase plan
0.0% - Repayment of notes payable
0.0% - Repurchases of unvested common stock
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Initial Public Offering (IPO) net
$45,679
 - 570,544 - - -
Issuance of preferred stock
-
 149,975 - - - -
Issuance of common stock under Employee Stock Purchase Plan (ESPP) Issuance of common stock under Employee Stock Purchase Plan (ESPP)
-
 - - 10,923 10,923 21,904
Proceeds from issuance of common stock upon exercise of stock options Proceeds from issuance of common stock upon exercise of stock options
$45,679
 4,412 3,058 7,457 7,457 6,932
Proceeds from issuance of common stock upon early exercise of stock options Proceeds from issuance of common stock upon early exercise of stock options
$45,679
 14,525 2,909 241 241 244
Deferred offering costs
$45,679
 - (5,268) - - -
Payments on related party promissory note payable
$45,679
 - - - - -
Issuance of senior convertible notes gross
-
 - - 575,000 575,000 -
Issuance costs of convertible senior notes
-
 - - (12,542) (12,542) -
Repayment of notes payable
$45,679
 (356) (255) (200) (200) -
Employee withholding taxes paid upon exercise of stock options from employee stock purchase plan Employee withholding taxes paid upon exercise of stock options from employee stock purchase plan
-
 - - (376) (376) -
Employee withholding taxes paid upon settlement of restricted stock units Employee withholding taxes paid upon settlement of restricted stock units
-
 - - (8,101) (8,101) (1,976)
Repurchases of unvested common stock
$45,679
 (65) (283) (157) (157) (176)
Purchase of convertible senior notes capped call
-
 - - (67,333) (67,333) -
Borrowing under built-to-suit financing obligation
$45,679
 130 63 - - -
Net cash provided by (used in) financing activities
$45,679
 $168,621 $570,768 $504,912 $504,912 $26,928
Selected Year:
31-Dec
2020
NET CHANGE IN CASH
Grand Total for sum of cash flows coming from operations, investing and financing
($27,490,000)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cash and equivalents - Beginning of period
$45,679
 $26,881 $31,426 $145,636 - $483,224
(Decrease) increase in cash and cash equivalents
$45,679
 4,545 114,210 (27,490) - (10,640)
Cash and equivalents - End of period
$45,679
 $31,426 $145,636 $118,146 - $472,584