Company name:

Dropbox Inc

  • IPO SHARE PRICE:
    $21.00
  • IPO DATE:
    March 23, 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

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

Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Total Revenue
45,679
 1,106,800 1,391,700 1,661,300 1,913,900 1,913,900 2,016,400
Selected Year:
31-Dec
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
114.5%
38.0% —

Research and development

22.1% —

Sales and marketing

21.7% —

Cost of revenue

20.8% —

Impairment related to real estate assets

11.9% —

General and administrative
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of revenue
45,679
 368,900 394,700 411,000 414,600 414,600 423,200
Gross profit
45,679
 737,900 997,000 1,250,300 1,499,300 1,499,300 1,593,200
Sales and marketing
45,679
 314,000 439,600 423,300 422,800 422,800 439,600
Research and development
45,679
 380,300 768,200 662,100 727,500 727,500 706,400
General and administrative
45,679
 157,300 283,200 245,400 227,800 227,800 240,800
Impairment related to real estate assets
-
 - - - 398,200 398,200 -
Total operating expenses
45,679
 851,600 1,491,000 1,330,800 1,776,300 1,776,300 2,979,600
Selected Year:
31-Dec
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
14.5%
14.5% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
 ($113,700) ($494,000) ($80,500) ($277,000) ($277,000) ($1,386,400)
Selected Year:
31-Dec
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
1.3%
1.3% —

Other income
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income
-
 13,200 6,800 16,000 - - -
Other income
45,679
 13,200 6,800 16,000 25,100 25,100 8,000
Total non-operating income (expense)
45,679
 13,200 6,800 16,000 25,100 25,100 8,000
Selected Year:
31-Dec
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
13.2%
13.2% —

EBIT

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
 ($100,500) ($487,200) ($64,500) ($251,900) ($251,900) ($1,378,400)
Selected Year:
31-Dec
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
0.2%
0.1% —

Interest income

0.3% —

Income tax expense or benefit
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense (income)
45,679
 (11,000) 7,100 12,500 - - -
Interest income
-
 - 7,100 12,500 1,700 1,700 (3,600)
Income before income taxes
45,679
 (111,500) (480,100) (52,000) (250,200) (250,200) (1,382,000)
Income tax expense or benefit
45,679
 (200) (4,800) (700) (6,100) (6,100) (1,200)
Selected Year:
31-Dec
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
13.4%
13.4% —

Net income (loss)

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
 ($111,700) ($484,900) ($52,700) ($256,300) ($256,300) ($1,383,200)

Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Class A
-
 - 213,030,982 258,155,253 331,279,862 331,279,862 331,279,862
Class B
-
 - 198,242,857 160,699,326 83,437,091 83,437,091 83,437,091
Selected Year:
31-Dec
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share
$45,678,795.00
 ($0.57) ($1.35) ($0.13) ($0.62) ($0.62) ($3.36)
Net Income per diluted share
$45,678,795.00
 ($0.57) ($1.35) ($0.13) ($0.62) ($0.62) ($3.32)