Cash flow Cloudflare, Inc.

Equities

NET

US18915M1071

IT Services & Consulting

Real-time Estimate Cboe BZX Other stock markets 17:40:55 19/09/2024 BST			5-day change	1st Jan Change
82.14 ^USD	+5.19%		+3.78%	-1.71%

09-18	Fauna Announces Native Integration with Cloudflare Workers	CI
09-12	Cloudflare Insider Sold Shares Worth $2,934,465, According to a Recent SEC Filing	MT

1049a3f1b60b1a76ff2266e198.ud_ivwmQzMkgCLCAVNn4ssVXY5muJcUt_2Q5J6IdBns.jqi3-Gv3qLpSQfGxAu6nwJ8FN7T_EawesgpUH9VCVwKBitHzJNOEgxNR4Q

Published financial data: CLOUDFLARE, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	287M	431M	656M	975M	1.3B
Total Revenues	287M	431M	656M	975M	1.3B
Cost of Goods Sold, Total	63.42M	101M	147M	233M	307M
Gross Profit	224M	330M	509M	743M	990M
Selling General & Admin Expenses, Total	241M	303M	447M	642M	817M
R&D Expenses	90.67M	127M	189M	298M	358M
Other Operating Expenses, Total	332M	430M	637M	940M	1.18B
Operating Income	-108M	-100M	-127M	-197M	-185M
Interest Expense, Total	-1.11M	-24.96M	-49.23M	-4.98M	-5.87M
Interest And Investment Income	5.79M	6.59M	1.97M	14.88M	68.17M
Net Interest Expenses	4.68M	-18.38M	-47.26M	9.89M	62.3M
Currency Exchange Gains (Loss)	-200K	-900K	-400K	2M	-
Other Non Operating Income (Expenses)	-1.24M	1.07M	-394K	-1.42M	-4.37M
EBT, Excl. Unusual Items	-105M	-119M	-175M	-187M	-128M
Merger & Related Restructuring Charges	-	-6.28M	-380K	-3.95M	-
Other Unusual Items	-	-	-72.23M	-	-50.3M
EBT, Incl. Unusual Items	-105M	-125M	-248M	-191M	-178M
Income Tax Expense	1.12M	-5.6M	12.33M	2.65M	6.09M
Earnings From Continuing Operations	-106M	-119M	-260M	-193M	-184M
Net Income to Company	-106M	-119M	-260M	-193M	-184M
Net Income - (IS)	-106M	-119M	-260M	-193M	-184M
Net Income to Common Incl Extra Items	-106M	-119M	-260M	-193M	-184M
Net Income to Common Excl. Extra Items	-106M	-119M	-260M	-193M	-184M
Per Share Items
Net EPS - Basic	-0.72	-0.4	-0.83	-0.59	-0.55
Basic EPS - Continuing Operations	-0.72	-0.4	-0.83	-0.59	-0.55
Basic Weighted Average Shares Outstanding	146M	300M	312M	326M	334M
Net EPS - Diluted	-0.72	-0.4	-0.83	-0.59	-0.55
Diluted EPS - Continuing Operations	-0.72	-0.4	-0.83	-0.59	-0.55
Diluted Weighted Average Shares Outstanding	146M	300M	312M	326M	334M
Normalized Basic EPS	-0.45	-0.25	-0.35	-0.36	-0.24
Normalized Diluted EPS	-0.45	-0.25	-0.35	-0.36	-0.24
Supplemental Items
EBITDA	-85.29M	-66.8M	-81.5M	-115M	-71.16M
EBITA	-108M	-100M	-127M	-182M	-165M
EBIT	-108M	-100M	-127M	-197M	-185M
EBITDAR	-74.09M	-50.09M	-57.5M	-78.79M	-26.37M
Effective Tax Rate - (Ratio)	-1.06	4.48	-4.97	-1.39	-3.42
Current Domestic Taxes	420K	554K	865K	333K	837K
Current Foreign Taxes	325K	769K	2.73M	2.46M	2.99M
Total Current Taxes	745K	1.32M	3.6M	2.79M	3.82M
Deferred Domestic Taxes	-	-781K	-	-1.7M	-
Deferred Foreign Taxes	370K	-6.14M	8.74M	1.56M	2.26M
Total Deferred Taxes	370K	-6.93M	8.74M	-140K	2.26M
Normalized Net Income	-65.45M	-74.18M	-110M	-117M	-79.73M
Interest on Long-Term Debt	-	24.34M	49.34M	5.86M	5M
Supplemental Operating Expense Items
Advertising Expense	18.8M	25M	36.2M	43.5M	57.6M
Selling and Marketing Expenses	159M	218M	328M	466M	599M
General and Administrative Expenses	81.58M	85.47M	119M	176M	218M
Research And Development Expense From Footnotes	97.47M	143M	210M	319M	380M
Net Rental Expense, Total	11.2M	16.72M	24M	36.33M	44.79M
Imputed Operating Lease Interest Expense	9.4M	15.21M	10.98M	1.01M	1.4M
Imputed Operating Lease Depreciation	1.8M	1.5M	13.02M	35.32M	43.4M
Stock-Based Comp., COGS (Total)	716K	1.22M	2.58M	6.25M	7.97M
Stock-Based Comp., R&D Exp. (Total)	13.04M	26.09M	44.2M	103M	132M
Stock-Based Comp., S&M Exp. (Total)	8.71M	16.02M	27.28M	50.32M	73.68M
Stock-Based Comp., G&A Exp. (Total)	14.16M	13M	16.08M	42.93M	59.92M
Total Stock-Based Compensation	36.63M	56.33M	90.14M	203M	274M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	139M	109M	314M	204M	86.86M
Short Term Investments	501M	927M	1.51B	1.45B	1.59B
Total Cash And Short Term Investments	640M	1.04B	1.82B	1.65B	1.67B
Accounts Receivable, Total	35.93M	67.04M	102M	157M	259M
Other Receivables	-	-	-	37.5M	-
Total Receivables	35.93M	67.04M	102M	194M	259M
Prepaid Expenses	10.91M	13.69M	29.43M	33.06M	47.5M
Restricted Cash	-	2.59M	2.96M	10.56M	2.52M
Other Current Assets, Total	3.31M	10.3M	-	-	-
Total Current Assets	690M	1.13B	1.96B	1.89B	1.98B
Gross Property Plant And Equipment	168M	249M	434M	597M	679M
Accumulated Depreciation	-67.19M	-82.61M	-120M	-179M	-218M
Net Property Plant And Equipment	101M	166M	314M	418M	461M
Goodwill	4.08M	17.17M	23.53M	148M	148M
Other Intangibles, Total	31K	2.8M	1.25M	32.48M	19.56M
Deferred Charges Long-Term	25.18M	44.18M	70.32M	93.14M	133M
Other Long-Term Assets, Total	10.42M	20.15M	7.49M	8.22M	15.3M
Total Assets	831M	1.38B	2.37B	2.59B	2.76B
Liabilities
Accounts Payable, Total	11.46M	14.48M	26.09M	35.61M	53.73M
Accrued Expenses, Total	33.56M	40.93M	109M	110M	127M
Current Portion of Long-Term Debt	-	-	12.12M	-	-
Current Portion of Leases	-	17.72M	25.18M	33.28M	38.35M
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	30.84M	54.94M	117M	219M	348M
Other Current Liabilities	8.01M	13.3M	-	-	-
Total Current Liabilities	83.88M	141M	289M	398M	567M
Long-Term Debt	-	383M	1.15B	1.44B	1.28B
Long-Term Leases	10.51M	27.31M	109M	108M	113M
Unearned Revenue Non Current	804K	1.89M	4.68M	11.73M	17.24M
Other Non Current Liabilities	9.8M	9.86M	11.55M	10.53M	15.54M
Total Liabilities	105M	564M	1.56B	1.96B	2B
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	294K	304K	321K	328K	337K
Additional Paid In Capital	1.03B	1.24B	1.49B	1.48B	1.78B
Retained Earnings	-302M	-421M	-681M	-840M	-1.02B
Comprehensive Income and Other	61K	163K	-2.64M	-11.9M	1.98M
Total Common Equity	726M	817M	811M	624M	763M
Total Equity	726M	817M	811M	624M	763M
Total Liabilities And Equity	831M	1.38B	2.37B	2.59B	2.76B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	303M	309M	324M	330M	338M
ECS Total Common Shares Outstanding	300M	309M	324M	330M	338M
Book Value / Share	2.42	2.65	2.51	1.89	2.26
Tangible Book Value	722M	797M	787M	443M	595M
Tangible Book Value Per Share	2.4	2.58	2.43	1.34	1.76
Total Debt	10.51M	428M	1.29B	1.58B	1.44B
Net Debt	-629M	-608M	-529M	-72.85M	-239M
Debt Equivalent Oper. Leases	89.6M	134M	192M	291M	358M
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	13.04M	-	-	-	-
Machinery, Total	105M	133M	182M	277M	371M
Full Time Employees	1.27K	1.79K	2.44K	3.22K	3.68K
Accumulated Allowance for Doubtful Accounts (Supple)	533K	1.7M	2.64M	3.13M	6M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-106M	-119M	-260M	-193M	-184M
Depreciation & Amortization - CF	22.65M	33.69M	45.81M	66.97M	94.32M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	15.17M	20M
Depreciation & Amortization, Total	22.65M	33.69M	45.81M	82.14M	114M
Amortization of Deferred Charges, Total - (CF)	17.65M	54.65M	96.24M	69.97M	87.39M
(Gain) Loss on Sale of Investments - (CF)	-1.8M	1.64M	8.36M	-263K	-44.44M
Stock-Based Compensation (CF)	36.63M	56.33M	90.14M	203M	274M
Provision and Write-off of Bad Debts	2.49M	3.37M	3.8M	4.83M	13.64M
Other Operating Activities, Total	2.19M	13.62M	77.22M	36.82M	98.18M
Change In Accounts Receivable	-11.71M	-34.48M	-38.39M	-58.41M	-116M
Change In Accounts Payable	-1.33M	1.69M	2.46M	-9.6M	11.78M
Change in Unearned Revenues	14.61M	25.19M	64.39M	102M	134M
Change in Other Net Operating Assets	-14.46M	-53.47M	-25.07M	-113M	-135M
Cash from Operations	-38.92M	-17.13M	64.65M	124M	254M
Capital Expenditure	-43.29M	-56.38M	-92.99M	-144M	-114M
Cash Acquisitions	-	-13.94M	-5.6M	-88.19M	-6.08M
Sale (Purchase) of Intangible assets	-13.99M	-18.59M	-14.75M	-19.76M	-20.55M
Investment in Marketable and Equity Securities, Total	-360M	-427M	-596M	15.82M	-45.25M
Other Investing Activities, Total	44K	397K	53K	36K	74K
Cash from Investing	-418M	-515M	-709M	-236M	-186M
Long-Term Debt Issued, Total	63K	575M	1.29B	-	-
Total Debt Issued	63K	575M	1.29B	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-255K	-67.53M	-371M	-16.57M	-208M
Total Debt Repaid	-255K	-67.53M	-371M	-16.57M	-208M
Issuance of Common Stock	577M	18.62M	36.48M	25.4M	33.93M
Repurchase of Common Stock	-283K	-8.63M	-3.82M	-2.49M	-7.99M
Issuance of Preferred Stock	-	-	-	-	-
Other Financing Activities, Total	-5.27M	-12.54M	-108M	-	-10.48M
Cash from Financing	571M	505M	847M	6.35M	-192M
Net Change in Cash	114M	-27.49M	203M	-106M	-124M
Supplemental Items
Cash Interest Paid	786K	2.19M	3.63M	1.24M	670K
Cash Income Tax Paid (Refund)	2.39M	702K	1.55M	2.22M	4.45M
Levered Free Cash Flow	-42.46M	-12.38M	106M	74.51M	314M
Unlevered Free Cash Flow	-41.77M	-18.41M	90.17M	72.97M	313M
Change In Net Working Capital	-6.05M	3.68M	-91.46M	-9.39M	-92.75M
Net Debt Issued / Repaid	-192K	507M	923M	-16.57M	-208M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-11.95	-5.68	-4.24	-4.97	-4.34
Return on Total Capital	-13.98	-6.34	-4.75	-5.73	-5.27
Return On Equity %	-22.42	-15.47	-31.97	-26.95	-26.52
Return on Common Equity	-34.57	-15.47	-31.97	-26.95	-26.52
Margin Analysis
Gross Profit Margin %	77.9	76.56	77.59	76.15	76.32
SG&A Margin	83.92	70.37	68.12	65.79	63.01
EBITDA Margin %	-29.72	-15.5	-12.42	-11.8	-5.49
EBITA Margin %	-37.61	-23.31	-19.39	-18.67	-12.76
EBIT Margin %	-37.61	-23.31	-19.39	-20.23	-14.3
Income From Continuing Operations Margin %	-36.87	-27.69	-39.66	-19.83	-14.19
Net Income Margin %	-36.87	-27.69	-39.66	-19.83	-14.19
Net Avail. For Common Margin %	-36.87	-27.69	-39.66	-19.83	-14.19
Normalized Net Income Margin	-22.8	-17.21	-16.7	-11.97	-6.15
Levered Free Cash Flow Margin	-14.79	-2.87	16.08	7.64	24.21
Unlevered Free Cash Flow Margin	-14.55	-4.27	13.74	7.48	24.14
Asset Turnover
Asset Turnover	0.51	0.39	0.35	0.39	0.48
Fixed Assets Turnover	3.29	3.22	2.73	2.67	2.95
Receivables Turnover (Average Receivables)	9.16	8.37	7.78	7.55	6.23
Short Term Liquidity
Current Ratio	8.22	7.99	6.78	4.74	3.5
Quick Ratio	8.05	7.8	6.67	4.64	3.41
Operating Cash Flow to Current Liabilities	-0.46	-0.12	0.22	0.31	0.45
Days Sales Outstanding (Average Receivables)	39.83	43.71	46.89	48.37	58.57
Average Days Payable Outstanding	74.09	46.99	50.32	48.4	53.1
Long Term Solvency
Total Debt/Equity	1.45	52.43	159.39	252.75	188.09
Total Debt / Total Capital	1.43	34.4	61.45	71.65	65.29
LT Debt/Equity	1.45	50.26	154.79	247.42	183.06
Long-Term Debt / Total Capital	1.43	32.97	59.68	70.14	63.54
Total Liabilities / Total Assets	12.64	40.83	65.8	75.89	72.35
EBIT / Interest Expense	-97.07	-4.03	-2.59	-39.58	-31.59
EBITDA / Interest Expense	-76.7	-2.01	-1.17	-15.81	-4.49
(EBITDA - Capex) / Interest Expense	-115.63	-4.26	-3.06	-44.62	-23.97
Total Debt / EBITDA	-0.12	-8.55	-22.49	-20.02	-54.42
Net Debt / EBITDA	7.38	12.14	9.19	0.92	9.04
Total Debt / (EBITDA - Capex)	-0.08	-4.02	-8.59	-7.09	-10.2
Net Debt / (EBITDA - Capex)	4.89	5.71	3.51	0.33	1.69
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	48.97	50.18	52.28	48.57	32.97
Gross Profit, 1 Yr. Growth %	49.93	47.59	54.33	45.82	33.27
EBITDA, 1 Yr. Growth %	22.18	-21.66	22	41.18	-38.18
EBITA, 1 Yr. Growth %	27.15	-6.91	26.68	43.03	-9.12
EBIT, 1 Yr. Growth %	27.15	-6.91	26.68	54.95	-5.97
Earnings From Cont. Operations, 1 Yr. Growth %	21.41	12.8	118.07	-25.71	-4.88
Net Income, 1 Yr. Growth %	21.41	12.8	118.07	-25.71	-4.88
Normalized Net Income, 1 Yr. Growth %	21.64	13.35	47.74	6.51	-31.71
Diluted EPS Before Extra, 1 Yr. Growth %	-32.8	-44.95	109.31	-28.9	-6.97
Accounts Receivable, 1 Yr. Growth %	34.53	86.58	51.59	54.33	65.34
Net Property, Plant and Equip., 1 Yr. Growth %	38.37	64.38	88.47	33.32	10.14
Total Assets, 1 Yr. Growth %