Crowdstrike (As Reported in 10-K, $M) Income Statement Revenue Subscription Professional Services Total revenues Cost of...
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Crowdstrike (As Reported in 10-K, $M) Income Statement Revenue Subscription Professional Services Total revenues Cost of revenue Subscription Professional Services Total cost of revenue Gross profit Operating expenses Sales and marketing Research and development General and administrative Total operating expenses Loss from operations Interest expense Interest income Other income (expense), net Loss before provision for income taxes Provision for income taxes Net loss Balance Sheet Current Assets: Cash and Cash Equivalents Marketable Securities Accounts receivable, net Deferred contract acquisition costs, current Prepaid expenses and other current assets Total current assets Property and equipment, net Operating lease right-of-use assets Deferred contract acquisition costs, noncurrent Goodwill Intangible assets, net Other long-term assets Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued expenses Accrued payroll and benefits Operating lease liabilities, current Deferred revenue Other current liabilities Total current liabilities Long-term debt Deferred revenue, noncurrent Operating lease liabilities, noncurrent Other liabilities, noncurrent Total liabilities Commitments and contingencies (Note 11) Stockholders' Equity Statement of Cash Flows Operating activities Net loss Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization Loss on disposal of fixed assets Amortization of intangible assets Amortization of deferred contract acquisition costs Non-cash operating lease cost Change in fair value of redeemable convertible preferred stock warrant liability Provision for bad debts Stock-based compensation expense Gain on debt and equity securities, net Accretion (amortization) of marketable securities purchased at a premium (discount) Non-cash interest expense Other non-cash charges Changes in operating assets and liabilities Accounts receivable Deferred contract acquisition costs Prepaid expenses and other assets Accounts payable Accrued expenses and other current liabilities Accrued payroll and benefits Operating lease liabilities Deferred revenue Other liabilities Net cash provided by (used in) operating activities Investing activities Purchases of property and equipment Capitalized internal-use software Purchase of strategic investments Business acquisition, net of cash acquired Purchase of intangible assets Purchases of marketable securities Proceeds from sales of marketable securities Maturities of marketable securities Net cash provided by (used in) investing activities Financing activities Proceeds from the issuance of common stock upon initial public offering, net of underwriting discounts Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs Repayment of loan payable Proceeds from revolving line of credit Issuance costs related to revolving line of credit Repayment of revolving line of credit Proceeds from issuance of Senior Notes, net of debt financing costs Repayment of notes receivable from related parties Payments of contingent consideration Payments of indemnity holdback Repurchase of stock options Payments of deferred offering costs Proceeds from issuance of common stock upon exercise of stock options Proceeds from the issuance of common stock upon exercise of early exercisable stock options Proceeds from issuance of common stock under the employee stock purchase plan Settlement related to stockholder short-swing trade profit Capital contributions from non-controlling interest holders Net cash provided by financing activities Effect of foreign exchange rates on cash and cash equivalents Net increase in cash and cash equivalents Cash and cash equivalents, beginning of period Cash and cash equivalents, end of period Supplemental disclosure of cash flow information: Interest paid Income taxes paid, net of refunds received Supplemental disclosure of non-cash investing and financing activities: Contingent consideration associated with business combinations Conversion of redeemable convertible preferred stock to common stock Conversion of redeemable convertible preferred stock warrant liabilities reclassified to additional paid-in capital Net (decrease) increase in deferred offering costs, accrued but not paid Net (decrease) increase in property and equipment included in accounts payable and accrued expenses Vesting of early exercised stock options Equity consideration for acquisitions Debt financing costs, accrued but not paid Operating lease liabilities arising from obtaining operating right of-use assets T T $- $- 2019A $- $- $- 219,401 30,423 249,824 69,208 18,030 87,238 162,586 172,682 84,551 42,217 299,450 (136,864) (428) (1,418) (138,710) 1,367 (140,077) 2019A 88,408 103,247 92,476 28,847 18,410 331,388 0 73,735 9,918 7,947 1,048 9,183 433,219 6,855 32,541 19,284 0 218,700 4,040 281,420 71,367 0 10,313 363,100 (487,817) 2019A 106 Preferred stock, $0.0005 par value; 100,000 shares authorized as of January 31, 2022 and January 31, 2021; no shares issued and outstanding as of January 31, 2022 and January 31, Class A common stock, $0.0005 par value; 2,000,000 shares authorized as of January 31, 2022 and January 31, 2021; 209,996 shares, and 195,039 sl 0 Additional paid-in capital Accumulated deficit 31,211 (519,126) 98 (487,817) Accumulated other comprehensive (loss) income 1,378,479 1,598,259 1,991,807 (637,487) (730,116) (964,918) 1,009 2,319 (1,240) 742,107 870,574 1,025,764 500 1,300 11,879 742,607 871,874 1,037,643 1,404,906 2,732,533 3,618,381 Total CrowdStrike Holdings, Inc. stockholders' equity Non-controlling interest Total stockholders' equity Total liabilities and stockholders' equity 0 (140,077.0) 14,815.0 191.0 583.0 28,642.0 3,576.0 551.0 20,505.0 - (1,152.0) 98.0 (33,413.0) (45,073.0) (5,819.0) (2,403.0) 3,564.0 971.0 131,117.0 356.0 (22,968.0) (35,851.0) (6,794.0) (199,335.0) 206,896.0 (6,158.0) 10,000.0 (20,000.0) 198.0 (242.0) (1,887.0) (2,330.0) 3,912.0 190,389.0 -162 25,229 63,179 88,408 $449 $1,394 || $2,858 $3,004 $543 T $474 $- 2020A $- $- $- 436,323 ###### 1,359,537 45,090 69,768 92,057 481,413 ###### 1,451,594 339,786 112,474 ###### 321,904 29,153 44,333 141,627 61,317 383,221 2020A 2021A 266,595 616,546 130,188 ###### 371,283 89,068 ###### 223,092 485,851 1,210,921 (146,065) (92,529) (142,548) (442) (1,559) (25,231) 3,788 3,968 (160,023) 72,355 6,728 6,219 (139,782) (87,869) 1,997 4,760 (141,779) (92,629) 2020A ###### 1,068,373 ###### 6,022.0 556.0 79,940.0 2021A 264,798 ####### 647,266 164,987 239,199 368,145 42,971 80,850 126,822 51,614 53,617 79,352 1,171,636 ####### 2,570,952 136,078 167,014 0 36,484 71,325 117,906 7,722 83,566 260,577 31,735 192,358 416,445 97,336 25,346 3,618,381 527 15,677 16,708 17,112 1,403,996 # ###### (1,247.0) 435.0 (427.0) 47,634 1,345 12,065 30,355 51,117 83,382 36,810 71,907 104,563 0 8,977 9,820 412,985 701,988 1,136,502 11,601 17,499 24,929 493,096 863,553 1,406,830 0 738,029 739,517 158,183 209,907 392,819 0 31,986 25,379 11,020 17,184 16,193 662,299 1,860,659 2,580,738 (141,779.0) | ####### 665,092.0 23,026.0 38,695 15 487.0 1,448 35,459.0 66,425 7,786 2021A (80,198.0) (52,799) (112,143) (7,289.0) (10,864) (20,866) (1,000.0) (1,500) (16,309) (85,517) (414,518) (180) (680) (779,701.0) (84,904) 0 9,581.0 639,586 0 99,950.0 228,976.0 91,605 0 (142,030.0) (629,631.0) 495,427 112 (544) 149,675 (1,347) 578 853 || 2022A 739,569 || (3,328) (5,872.0) 21,512.0 10,264.0 - 12,365.0 34,263 2,283 500.0 706,144.0 28,831 (232,378) 800 2022A (73,067.0) (72,478) (125,354) (86,594.0) (150,975) (234,308) (43,467.0) 1,203 (29,535) (6,570.0) 11,325 33,248 9,173.0 23,838 38,483 17,526.0 33,212 32,681 (8,105) (9,900) 280,768.0 338,803 616,408 (298.0) 8,788 (13,956) 99,943.0 356,566 574,784 -$66 $1,682 176,390 1,653,810 88,408 264,798 $264,798 ######## $7 $18 $1,862 $1,732 1,918,608 $- $557,912 $- $10,559 $- -$2,858 $- -$3,193 $1,042 $3,318 $3,842 $1,581 $2,704 $6,249 115 2022A (232,378.0) 55,908 0 12,902 113,884 9,103 309,952 (4,823) 2,469 (564,516) 0 (219) (1,581) 0 15,889 50,277 8,155 72,531.0 -$4,774 78,025 1,918,608 $1,996,633 $275 $74,677 $6,522 $3,165 $4,011 $4,867 Crowdstrike (Consolidated/Simplified, $M) Income Statement Revenue Subscription Professional Services Total revenues Cost of revenue Subscription Professional Services Total cost of revenue Gross profit R&D Expense SG&A Restructuring & Other EBIT (Operating Income) Interest Inc Interest Exp Other income (expense) Pre-Tax Income Taxes Net Income Balance Sheet Cash AR Deferred contract acquisition costs, current Prepaid expenses and other current assets Total current assets Net PP&E Operating lease ROU Deferred contract acquisition costs, noncurrent Intangible Assets Other Long Term assets Total Assets Accounts Payable Total Accrued Liabilities Total Other Liabilites Total Operating Lease Liabilities Total Deferred Revenue Long Term Debt Total Liabilities Owners Equity - CS Non controlling interests/MI Total Liab&equity Check Balance Statement of Cash Flows Net Income Deprec & Amort (D&A) Stock Based Compensation Amortization of deferred contract acquisition Other Adjustments Net Chg Other Asset&Liab--Plug Cash from Operations Investing Activities Financing Activities Change in Cash Effect of exchange rate on cash Total Chg Cash in Period Beginning Cash Chg in Cash in Period Ending Cash Chg in WC AR Inv Pre-Paid Exp Accr'd Liab & Other AP Working Capital Net Chg WC AR--DRO Inv--DIH Pre-Paid Ex/Rev Accr'd Liab & Other AP--DPO Intangible Assets Intangibles--BOP Purchases Chg Cum Amort Other-Plug Intangibles--EOP PP&E PP&E BOP Growth CapEx-Plug Maint CAPEX Deprec & Amort PP&E EOP Dep Rate (D&A/BOP PPE) GAAP CapEx Dif: Calculated v GAAP Accum Dep Operating Leases ROU-BOP New Leaase ROU Lease Amort ROU-EOP LeaseLiab-BOP New Lease Liab Amort LeaseLiab-EOP Lease Exp Cash Outflows Oper Lease Oper Lease DCR Int Exp on BOP Implied Amort Lease Exp/BOP DEBT STRUCTURE ABL Revolver--BOP Draw/(Paydown) ABL--EOP Facility Max Size Recourse Notes--BOP New Issuances/(Prepayments) Recourse Notes--EOP Non-Recourse Notes-BOP New Issuances/(Prepayments) Non-Recourse Notes--EOP Finance Leases--BOP New Issuances/(Prepayments) Finance Leases--EOP Total Interest Exp Total Debt+FL--Calc'd Total Debt--10K Avg Interest Rate Debt Excluding Fin Leases EBITDA/Int Exp Debt/EBITDA Non-Controlling Interests (MI) MI BOP Sales/(Purch) of MI Net Income/(Loss) to MI Distributions to MI Plug to reconcile EOP OE EOP NI to MI/(EBIT+Restructure) Distributions/Gross Profit Owners Equity/Common Stk OE BOP Sh sales/(repurch) (Par+APIC) Stock Based Comp Net Income/(Loss) -Net Income/(Loss) to MI Plug to reconcile EOP Dividends Paid-CS OE EOP Distributions/Gross Profit 2019A 219,401 30,423 249,824 69,208 18,030 87,238 162,586 84,551 214,899 (136,864) (428) (1,418) (162.0) (138,710) (139,779) 1,367 1,997 (140,077) (141,776) 18,410.0 51,825.0 2019A 2020A (140,077.0) (141,779.0) 14,815.0 23,026.0 20,505.0 79,940.0 28,642.0 35,459.0 3,847.0 5,826.0 49,300.0 97,471.0 (22,968.0) 99,943.0 2020A (142,030.0) (629,631.0) 53,740.0 (1,534.0) 135.1 436,323 45,090 481,413 7.4% 20.7% 28.7 112,474 29,153 141,627 2019A 339,786 1,736 0 45 (733) 1,048 130,188 355,663 25,229.0 176,390.0 63179.0 88,408.0 25,229.0 88,408.0 2019A (146,065) 2018A (442) 6,728 2019A 2020A 92,476.0 164,987.0 0 6,855.0 52,206.0 148,091.0 (66.0) 51,614.0 67,165.0 1,345.0 190,389.0 706,144.0 800,135.0 25,391.0 176,456.0 1,652,128.0 95,885.0 125.1 10.7% 14.0% 3.5 2020A 1,048 0 96 (617) 527 2020A 2021A 2019A 804,670 69,768 874,438 0 185,212 44,333 229,545 644,893 214,670 522,752 (92,529) (1,559) 6,219 1,653,810.0 264,798.0 176,390.0 1,653,810.0 264,798.0 1,918,608.0 (87,869) 4,760 (92,629) 2021A 1,918,608 239,199 80,850 53,617 2,292,274 167,014 36,484 117,906 15,677 103,178 2,732,533 12,065 123,024 34,683 40,963 911,895 738,029 1,860,659 870,574 1,300 2,732,533 2021A (92,629.0) 38,695.0 149,675.0 66,425.0 8,789.0 185,611.0 356,566.0 495,427.0 1,682.0 2021A 239,199.0 53,617.0 123,024.0 12,065.0 157,727.0 9,636.0 99.8 6.1% 14.1% 19.2 2021A 527 180 961 14,009 15,677 2021A 2020A Crowdstrike (As Reported in 10-K, $M) Income Statement Revenue Subscription Professional Services Total revenues Cost of revenue Subscription Professional Services Total cost of revenue Gross profit Operating expenses Sales and marketing Research and development General and administrative Total operating expenses Loss from operations Interest expense Interest income Other income (expense), net Loss before provision for income taxes Provision for income taxes Net loss Balance Sheet Current Assets: Cash and Cash Equivalents Marketable Securities Accounts receivable, net Deferred contract acquisition costs, current Prepaid expenses and other current assets Total current assets Property and equipment, net Operating lease right-of-use assets Deferred contract acquisition costs, noncurrent Goodwill Intangible assets, net Other long-term assets Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued expenses Accrued payroll and benefits Operating lease liabilities, current Deferred revenue Other current liabilities Total current liabilities Long-term debt Deferred revenue, noncurrent Operating lease liabilities, noncurrent Other liabilities, noncurrent Total liabilities Commitments and contingencies (Note 11) Stockholders' Equity Statement of Cash Flows Operating activities Net loss Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization Loss on disposal of fixed assets Amortization of intangible assets Amortization of deferred contract acquisition costs Non-cash operating lease cost Change in fair value of redeemable convertible preferred stock warrant liability Provision for bad debts Stock-based compensation expense Gain on debt and equity securities, net Accretion (amortization) of marketable securities purchased at a premium (discount) Non-cash interest expense Other non-cash charges Changes in operating assets and liabilities Accounts receivable Deferred contract acquisition costs Prepaid expenses and other assets Accounts payable Accrued expenses and other current liabilities Accrued payroll and benefits Operating lease liabilities Deferred revenue Other liabilities Net cash provided by (used in) operating activities Investing activities Purchases of property and equipment Capitalized internal-use software Purchase of strategic investments Business acquisition, net of cash acquired Purchase of intangible assets Purchases of marketable securities Proceeds from sales of marketable securities Maturities of marketable securities Net cash provided by (used in) investing activities Financing activities Proceeds from the issuance of common stock upon initial public offering, net of underwriting discounts Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs Repayment of loan payable Proceeds from revolving line of credit Issuance costs related to revolving line of credit Repayment of revolving line of credit Proceeds from issuance of Senior Notes, net of debt financing costs Repayment of notes receivable from related parties Payments of contingent consideration Payments of indemnity holdback Repurchase of stock options Payments of deferred offering costs Proceeds from issuance of common stock upon exercise of stock options Proceeds from the issuance of common stock upon exercise of early exercisable stock options Proceeds from issuance of common stock under the employee stock purchase plan Settlement related to stockholder short-swing trade profit Capital contributions from non-controlling interest holders Net cash provided by financing activities Effect of foreign exchange rates on cash and cash equivalents Net increase in cash and cash equivalents Cash and cash equivalents, beginning of period Cash and cash equivalents, end of period Supplemental disclosure of cash flow information: Interest paid Income taxes paid, net of refunds received Supplemental disclosure of non-cash investing and financing activities: Contingent consideration associated with business combinations Conversion of redeemable convertible preferred stock to common stock Conversion of redeemable convertible preferred stock warrant liabilities reclassified to additional paid-in capital Net (decrease) increase in deferred offering costs, accrued but not paid Net (decrease) increase in property and equipment included in accounts payable and accrued expenses Vesting of early exercised stock options Equity consideration for acquisitions Debt financing costs, accrued but not paid Operating lease liabilities arising from obtaining operating right of-use assets T T $- $- 2019A $- $- $- 219,401 30,423 249,824 69,208 18,030 87,238 162,586 172,682 84,551 42,217 299,450 (136,864) (428) (1,418) (138,710) 1,367 (140,077) 2019A 88,408 103,247 92,476 28,847 18,410 331,388 0 73,735 9,918 7,947 1,048 9,183 433,219 6,855 32,541 19,284 0 218,700 4,040 281,420 71,367 0 10,313 363,100 (487,817) 2019A 106 Preferred stock, $0.0005 par value; 100,000 shares authorized as of January 31, 2022 and January 31, 2021; no shares issued and outstanding as of January 31, 2022 and January 31, Class A common stock, $0.0005 par value; 2,000,000 shares authorized as of January 31, 2022 and January 31, 2021; 209,996 shares, and 195,039 sl 0 Additional paid-in capital Accumulated deficit 31,211 (519,126) 98 (487,817) Accumulated other comprehensive (loss) income 1,378,479 1,598,259 1,991,807 (637,487) (730,116) (964,918) 1,009 2,319 (1,240) 742,107 870,574 1,025,764 500 1,300 11,879 742,607 871,874 1,037,643 1,404,906 2,732,533 3,618,381 Total CrowdStrike Holdings, Inc. stockholders' equity Non-controlling interest Total stockholders' equity Total liabilities and stockholders' equity 0 (140,077.0) 14,815.0 191.0 583.0 28,642.0 3,576.0 551.0 20,505.0 - (1,152.0) 98.0 (33,413.0) (45,073.0) (5,819.0) (2,403.0) 3,564.0 971.0 131,117.0 356.0 (22,968.0) (35,851.0) (6,794.0) (199,335.0) 206,896.0 (6,158.0) 10,000.0 (20,000.0) 198.0 (242.0) (1,887.0) (2,330.0) 3,912.0 190,389.0 -162 25,229 63,179 88,408 $449 $1,394 || $2,858 $3,004 $543 T $474 $- 2020A $- $- $- 436,323 ###### 1,359,537 45,090 69,768 92,057 481,413 ###### 1,451,594 339,786 112,474 ###### 321,904 29,153 44,333 141,627 61,317 383,221 2020A 2021A 266,595 616,546 130,188 ###### 371,283 89,068 ###### 223,092 485,851 1,210,921 (146,065) (92,529) (142,548) (442) (1,559) (25,231) 3,788 3,968 (160,023) 72,355 6,728 6,219 (139,782) (87,869) 1,997 4,760 (141,779) (92,629) 2020A ###### 1,068,373 ###### 6,022.0 556.0 79,940.0 2021A 264,798 ####### 647,266 164,987 239,199 368,145 42,971 80,850 126,822 51,614 53,617 79,352 1,171,636 ####### 2,570,952 136,078 167,014 0 36,484 71,325 117,906 7,722 83,566 260,577 31,735 192,358 416,445 97,336 25,346 3,618,381 527 15,677 16,708 17,112 1,403,996 # ###### (1,247.0) 435.0 (427.0) 47,634 1,345 12,065 30,355 51,117 83,382 36,810 71,907 104,563 0 8,977 9,820 412,985 701,988 1,136,502 11,601 17,499 24,929 493,096 863,553 1,406,830 0 738,029 739,517 158,183 209,907 392,819 0 31,986 25,379 11,020 17,184 16,193 662,299 1,860,659 2,580,738 (141,779.0) | ####### 665,092.0 23,026.0 38,695 15 487.0 1,448 35,459.0 66,425 7,786 2021A (80,198.0) (52,799) (112,143) (7,289.0) (10,864) (20,866) (1,000.0) (1,500) (16,309) (85,517) (414,518) (180) (680) (779,701.0) (84,904) 0 9,581.0 639,586 0 99,950.0 228,976.0 91,605 0 (142,030.0) (629,631.0) 495,427 112 (544) 149,675 (1,347) 578 853 || 2022A 739,569 || (3,328) (5,872.0) 21,512.0 10,264.0 - 12,365.0 34,263 2,283 500.0 706,144.0 28,831 (232,378) 800 2022A (73,067.0) (72,478) (125,354) (86,594.0) (150,975) (234,308) (43,467.0) 1,203 (29,535) (6,570.0) 11,325 33,248 9,173.0 23,838 38,483 17,526.0 33,212 32,681 (8,105) (9,900) 280,768.0 338,803 616,408 (298.0) 8,788 (13,956) 99,943.0 356,566 574,784 -$66 $1,682 176,390 1,653,810 88,408 264,798 $264,798 ######## $7 $18 $1,862 $1,732 1,918,608 $- $557,912 $- $10,559 $- -$2,858 $- -$3,193 $1,042 $3,318 $3,842 $1,581 $2,704 $6,249 115 2022A (232,378.0) 55,908 0 12,902 113,884 9,103 309,952 (4,823) 2,469 (564,516) 0 (219) (1,581) 0 15,889 50,277 8,155 72,531.0 -$4,774 78,025 1,918,608 $1,996,633 $275 $74,677 $6,522 $3,165 $4,011 $4,867 Crowdstrike (Consolidated/Simplified, $M) Income Statement Revenue Subscription Professional Services Total revenues Cost of revenue Subscription Professional Services Total cost of revenue Gross profit R&D Expense SG&A Restructuring & Other EBIT (Operating Income) Interest Inc Interest Exp Other income (expense) Pre-Tax Income Taxes Net Income Balance Sheet Cash AR Deferred contract acquisition costs, current Prepaid expenses and other current assets Total current assets Net PP&E Operating lease ROU Deferred contract acquisition costs, noncurrent Intangible Assets Other Long Term assets Total Assets Accounts Payable Total Accrued Liabilities Total Other Liabilites Total Operating Lease Liabilities Total Deferred Revenue Long Term Debt Total Liabilities Owners Equity - CS Non controlling interests/MI Total Liab&equity Check Balance Statement of Cash Flows Net Income Deprec & Amort (D&A) Stock Based Compensation Amortization of deferred contract acquisition Other Adjustments Net Chg Other Asset&Liab--Plug Cash from Operations Investing Activities Financing Activities Change in Cash Effect of exchange rate on cash Total Chg Cash in Period Beginning Cash Chg in Cash in Period Ending Cash Chg in WC AR Inv Pre-Paid Exp Accr'd Liab & Other AP Working Capital Net Chg WC AR--DRO Inv--DIH Pre-Paid Ex/Rev Accr'd Liab & Other AP--DPO Intangible Assets Intangibles--BOP Purchases Chg Cum Amort Other-Plug Intangibles--EOP PP&E PP&E BOP Growth CapEx-Plug Maint CAPEX Deprec & Amort PP&E EOP Dep Rate (D&A/BOP PPE) GAAP CapEx Dif: Calculated v GAAP Accum Dep Operating Leases ROU-BOP New Leaase ROU Lease Amort ROU-EOP LeaseLiab-BOP New Lease Liab Amort LeaseLiab-EOP Lease Exp Cash Outflows Oper Lease Oper Lease DCR Int Exp on BOP Implied Amort Lease Exp/BOP DEBT STRUCTURE ABL Revolver--BOP Draw/(Paydown) ABL--EOP Facility Max Size Recourse Notes--BOP New Issuances/(Prepayments) Recourse Notes--EOP Non-Recourse Notes-BOP New Issuances/(Prepayments) Non-Recourse Notes--EOP Finance Leases--BOP New Issuances/(Prepayments) Finance Leases--EOP Total Interest Exp Total Debt+FL--Calc'd Total Debt--10K Avg Interest Rate Debt Excluding Fin Leases EBITDA/Int Exp Debt/EBITDA Non-Controlling Interests (MI) MI BOP Sales/(Purch) of MI Net Income/(Loss) to MI Distributions to MI Plug to reconcile EOP OE EOP NI to MI/(EBIT+Restructure) Distributions/Gross Profit Owners Equity/Common Stk OE BOP Sh sales/(repurch) (Par+APIC) Stock Based Comp Net Income/(Loss) -Net Income/(Loss) to MI Plug to reconcile EOP Dividends Paid-CS OE EOP Distributions/Gross Profit 2019A 219,401 30,423 249,824 69,208 18,030 87,238 162,586 84,551 214,899 (136,864) (428) (1,418) (162.0) (138,710) (139,779) 1,367 1,997 (140,077) (141,776) 18,410.0 51,825.0 2019A 2020A (140,077.0) (141,779.0) 14,815.0 23,026.0 20,505.0 79,940.0 28,642.0 35,459.0 3,847.0 5,826.0 49,300.0 97,471.0 (22,968.0) 99,943.0 2020A (142,030.0) (629,631.0) 53,740.0 (1,534.0) 135.1 436,323 45,090 481,413 7.4% 20.7% 28.7 112,474 29,153 141,627 2019A 339,786 1,736 0 45 (733) 1,048 130,188 355,663 25,229.0 176,390.0 63179.0 88,408.0 25,229.0 88,408.0 2019A (146,065) 2018A (442) 6,728 2019A 2020A 92,476.0 164,987.0 0 6,855.0 52,206.0 148,091.0 (66.0) 51,614.0 67,165.0 1,345.0 190,389.0 706,144.0 800,135.0 25,391.0 176,456.0 1,652,128.0 95,885.0 125.1 10.7% 14.0% 3.5 2020A 1,048 0 96 (617) 527 2020A 2021A 2019A 804,670 69,768 874,438 0 185,212 44,333 229,545 644,893 214,670 522,752 (92,529) (1,559) 6,219 1,653,810.0 264,798.0 176,390.0 1,653,810.0 264,798.0 1,918,608.0 (87,869) 4,760 (92,629) 2021A 1,918,608 239,199 80,850 53,617 2,292,274 167,014 36,484 117,906 15,677 103,178 2,732,533 12,065 123,024 34,683 40,963 911,895 738,029 1,860,659 870,574 1,300 2,732,533 2021A (92,629.0) 38,695.0 149,675.0 66,425.0 8,789.0 185,611.0 356,566.0 495,427.0 1,682.0 2021A 239,199.0 53,617.0 123,024.0 12,065.0 157,727.0 9,636.0 99.8 6.1% 14.1% 19.2 2021A 527 180 961 14,009 15,677 2021A 2020A Crowdstrike (As Reported in 10-K, $M) Income Statement Revenue Subscription Professional Services Total revenues Cost of revenue Subscription Professional Services Total cost of revenue Gross profit Operating expenses Sales and marketing Research and development General and administrative Total operating expenses Loss from operations Interest expense Interest income Other income (expense), net Loss before provision for income taxes Provision for income taxes Net loss Balance Sheet Current Assets: Cash and Cash Equivalents Marketable Securities Accounts receivable, net Deferred contract acquisition costs, current Prepaid expenses and other current assets Total current assets Property and equipment, net Operating lease right-of-use assets Deferred contract acquisition costs, noncurrent Goodwill Intangible assets, net Other long-term assets Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued expenses Accrued payroll and benefits Operating lease liabilities, current Deferred revenue Other current liabilities Total current liabilities Long-term debt Deferred revenue, noncurrent Operating lease liabilities, noncurrent Other liabilities, noncurrent Total liabilities Commitments and contingencies (Note 11) Stockholders' Equity Statement of Cash Flows Operating activities Net loss Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization Loss on disposal of fixed assets Amortization of intangible assets Amortization of deferred contract acquisition costs Non-cash operating lease cost Change in fair value of redeemable convertible preferred stock warrant liability Provision for bad debts Stock-based compensation expense Gain on debt and equity securities, net Accretion (amortization) of marketable securities purchased at a premium (discount) Non-cash interest expense Other non-cash charges Changes in operating assets and liabilities Accounts receivable Deferred contract acquisition costs Prepaid expenses and other assets Accounts payable Accrued expenses and other current liabilities Accrued payroll and benefits Operating lease liabilities Deferred revenue Other liabilities Net cash provided by (used in) operating activities Investing activities Purchases of property and equipment Capitalized internal-use software Purchase of strategic investments Business acquisition, net of cash acquired Purchase of intangible assets Purchases of marketable securities Proceeds from sales of marketable securities Maturities of marketable securities Net cash provided by (used in) investing activities Financing activities Proceeds from the issuance of common stock upon initial public offering, net of underwriting discounts Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs Repayment of loan payable Proceeds from revolving line of credit Issuance costs related to revolving line of credit Repayment of revolving line of credit Proceeds from issuance of Senior Notes, net of debt financing costs Repayment of notes receivable from related parties Payments of contingent consideration Payments of indemnity holdback Repurchase of stock options Payments of deferred offering costs Proceeds from issuance of common stock upon exercise of stock options Proceeds from the issuance of common stock upon exercise of early exercisable stock options Proceeds from issuance of common stock under the employee stock purchase plan Settlement related to stockholder short-swing trade profit Capital contributions from non-controlling interest holders Net cash provided by financing activities Effect of foreign exchange rates on cash and cash equivalents Net increase in cash and cash equivalents Cash and cash equivalents, beginning of period Cash and cash equivalents, end of period Supplemental disclosure of cash flow information: Interest paid Income taxes paid, net of refunds received Supplemental disclosure of non-cash investing and financing activities: Contingent consideration associated with business combinations Conversion of redeemable convertible preferred stock to common stock Conversion of redeemable convertible preferred stock warrant liabilities reclassified to additional paid-in capital Net (decrease) increase in deferred offering costs, accrued but not paid Net (decrease) increase in property and equipment included in accounts payable and accrued expenses Vesting of early exercised stock options Equity consideration for acquisitions Debt financing costs, accrued but not paid Operating lease liabilities arising from obtaining operating right of-use assets T T $- $- 2019A $- $- $- 219,401 30,423 249,824 69,208 18,030 87,238 162,586 172,682 84,551 42,217 299,450 (136,864) (428) (1,418) (138,710) 1,367 (140,077) 2019A 88,408 103,247 92,476 28,847 18,410 331,388 0 73,735 9,918 7,947 1,048 9,183 433,219 6,855 32,541 19,284 0 218,700 4,040 281,420 71,367 0 10,313 363,100 (487,817) 2019A 106 Preferred stock, $0.0005 par value; 100,000 shares authorized as of January 31, 2022 and January 31, 2021; no shares issued and outstanding as of January 31, 2022 and January 31, Class A common stock, $0.0005 par value; 2,000,000 shares authorized as of January 31, 2022 and January 31, 2021; 209,996 shares, and 195,039 sl 0 Additional paid-in capital Accumulated deficit 31,211 (519,126) 98 (487,817) Accumulated other comprehensive (loss) income 1,378,479 1,598,259 1,991,807 (637,487) (730,116) (964,918) 1,009 2,319 (1,240) 742,107 870,574 1,025,764 500 1,300 11,879 742,607 871,874 1,037,643 1,404,906 2,732,533 3,618,381 Total CrowdStrike Holdings, Inc. stockholders' equity Non-controlling interest Total stockholders' equity Total liabilities and stockholders' equity 0 (140,077.0) 14,815.0 191.0 583.0 28,642.0 3,576.0 551.0 20,505.0 - (1,152.0) 98.0 (33,413.0) (45,073.0) (5,819.0) (2,403.0) 3,564.0 971.0 131,117.0 356.0 (22,968.0) (35,851.0) (6,794.0) (199,335.0) 206,896.0 (6,158.0) 10,000.0 (20,000.0) 198.0 (242.0) (1,887.0) (2,330.0) 3,912.0 190,389.0 -162 25,229 63,179 88,408 $449 $1,394 || $2,858 $3,004 $543 T $474 $- 2020A $- $- $- 436,323 ###### 1,359,537 45,090 69,768 92,057 481,413 ###### 1,451,594 339,786 112,474 ###### 321,904 29,153 44,333 141,627 61,317 383,221 2020A 2021A 266,595 616,546 130,188 ###### 371,283 89,068 ###### 223,092 485,851 1,210,921 (146,065) (92,529) (142,548) (442) (1,559) (25,231) 3,788 3,968 (160,023) 72,355 6,728 6,219 (139,782) (87,869) 1,997 4,760 (141,779) (92,629) 2020A ###### 1,068,373 ###### 6,022.0 556.0 79,940.0 2021A 264,798 ####### 647,266 164,987 239,199 368,145 42,971 80,850 126,822 51,614 53,617 79,352 1,171,636 ####### 2,570,952 136,078 167,014 0 36,484 71,325 117,906 7,722 83,566 260,577 31,735 192,358 416,445 97,336 25,346 3,618,381 527 15,677 16,708 17,112 1,403,996 # ###### (1,247.0) 435.0 (427.0) 47,634 1,345 12,065 30,355 51,117 83,382 36,810 71,907 104,563 0 8,977 9,820 412,985 701,988 1,136,502 11,601 17,499 24,929 493,096 863,553 1,406,830 0 738,029 739,517 158,183 209,907 392,819 0 31,986 25,379 11,020 17,184 16,193 662,299 1,860,659 2,580,738 (141,779.0) | ####### 665,092.0 23,026.0 38,695 15 487.0 1,448 35,459.0 66,425 7,786 2021A (80,198.0) (52,799) (112,143) (7,289.0) (10,864) (20,866) (1,000.0) (1,500) (16,309) (85,517) (414,518) (180) (680) (779,701.0) (84,904) 0 9,581.0 639,586 0 99,950.0 228,976.0 91,605 0 (142,030.0) (629,631.0) 495,427 112 (544) 149,675 (1,347) 578 853 || 2022A 739,569 || (3,328) (5,872.0) 21,512.0 10,264.0 - 12,365.0 34,263 2,283 500.0 706,144.0 28,831 (232,378) 800 2022A (73,067.0) (72,478) (125,354) (86,594.0) (150,975) (234,308) (43,467.0) 1,203 (29,535) (6,570.0) 11,325 33,248 9,173.0 23,838 38,483 17,526.0 33,212 32,681 (8,105) (9,900) 280,768.0 338,803 616,408 (298.0) 8,788 (13,956) 99,943.0 356,566 574,784 -$66 $1,682 176,390 1,653,810 88,408 264,798 $264,798 ######## $7 $18 $1,862 $1,732 1,918,608 $- $557,912 $- $10,559 $- -$2,858 $- -$3,193 $1,042 $3,318 $3,842 $1,581 $2,704 $6,249 115 2022A (232,378.0) 55,908 0 12,902 113,884 9,103 309,952 (4,823) 2,469 (564,516) 0 (219) (1,581) 0 15,889 50,277 8,155 72,531.0 -$4,774 78,025 1,918,608 $1,996,633 $275 $74,677 $6,522 $3,165 $4,011 $4,867 Crowdstrike (Consolidated/Simplified, $M) Income Statement Revenue Subscription Professional Services Total revenues Cost of revenue Subscription Professional Services Total cost of revenue Gross profit R&D Expense SG&A Restructuring & Other EBIT (Operating Income) Interest Inc Interest Exp Other income (expense) Pre-Tax Income Taxes Net Income Balance Sheet Cash AR Deferred contract acquisition costs, current Prepaid expenses and other current assets Total current assets Net PP&E Operating lease ROU Deferred contract acquisition costs, noncurrent Intangible Assets Other Long Term assets Total Assets Accounts Payable Total Accrued Liabilities Total Other Liabilites Total Operating Lease Liabilities Total Deferred Revenue Long Term Debt Total Liabilities Owners Equity - CS Non controlling interests/MI Total Liab&equity Check Balance Statement of Cash Flows Net Income Deprec & Amort (D&A) Stock Based Compensation Amortization of deferred contract acquisition Other Adjustments Net Chg Other Asset&Liab--Plug Cash from Operations Investing Activities Financing Activities Change in Cash Effect of exchange rate on cash Total Chg Cash in Period Beginning Cash Chg in Cash in Period Ending Cash Chg in WC AR Inv Pre-Paid Exp Accr'd Liab & Other AP Working Capital Net Chg WC AR--DRO Inv--DIH Pre-Paid Ex/Rev Accr'd Liab & Other AP--DPO Intangible Assets Intangibles--BOP Purchases Chg Cum Amort Other-Plug Intangibles--EOP PP&E PP&E BOP Growth CapEx-Plug Maint CAPEX Deprec & Amort PP&E EOP Dep Rate (D&A/BOP PPE) GAAP CapEx Dif: Calculated v GAAP Accum Dep Operating Leases ROU-BOP New Leaase ROU Lease Amort ROU-EOP LeaseLiab-BOP New Lease Liab Amort LeaseLiab-EOP Lease Exp Cash Outflows Oper Lease Oper Lease DCR Int Exp on BOP Implied Amort Lease Exp/BOP DEBT STRUCTURE ABL Revolver--BOP Draw/(Paydown) ABL--EOP Facility Max Size Recourse Notes--BOP New Issuances/(Prepayments) Recourse Notes--EOP Non-Recourse Notes-BOP New Issuances/(Prepayments) Non-Recourse Notes--EOP Finance Leases--BOP New Issuances/(Prepayments) Finance Leases--EOP Total Interest Exp Total Debt+FL--Calc'd Total Debt--10K Avg Interest Rate Debt Excluding Fin Leases EBITDA/Int Exp Debt/EBITDA Non-Controlling Interests (MI) MI BOP Sales/(Purch) of MI Net Income/(Loss) to MI Distributions to MI Plug to reconcile EOP OE EOP NI to MI/(EBIT+Restructure) Distributions/Gross Profit Owners Equity/Common Stk OE BOP Sh sales/(repurch) (Par+APIC) Stock Based Comp Net Income/(Loss) -Net Income/(Loss) to MI Plug to reconcile EOP Dividends Paid-CS OE EOP Distributions/Gross Profit 2019A 219,401 30,423 249,824 69,208 18,030 87,238 162,586 84,551 214,899 (136,864) (428) (1,418) (162.0) (138,710) (139,779) 1,367 1,997 (140,077) (141,776) 18,410.0 51,825.0 2019A 2020A (140,077.0) (141,779.0) 14,815.0 23,026.0 20,505.0 79,940.0 28,642.0 35,459.0 3,847.0 5,826.0 49,300.0 97,471.0 (22,968.0) 99,943.0 2020A (142,030.0) (629,631.0) 53,740.0 (1,534.0) 135.1 436,323 45,090 481,413 7.4% 20.7% 28.7 112,474 29,153 141,627 2019A 339,786 1,736 0 45 (733) 1,048 130,188 355,663 25,229.0 176,390.0 63179.0 88,408.0 25,229.0 88,408.0 2019A (146,065) 2018A (442) 6,728 2019A 2020A 92,476.0 164,987.0 0 6,855.0 52,206.0 148,091.0 (66.0) 51,614.0 67,165.0 1,345.0 190,389.0 706,144.0 800,135.0 25,391.0 176,456.0 1,652,128.0 95,885.0 125.1 10.7% 14.0% 3.5 2020A 1,048 0 96 (617) 527 2020A 2021A 2019A 804,670 69,768 874,438 0 185,212 44,333 229,545 644,893 214,670 522,752 (92,529) (1,559) 6,219 1,653,810.0 264,798.0 176,390.0 1,653,810.0 264,798.0 1,918,608.0 (87,869) 4,760 (92,629) 2021A 1,918,608 239,199 80,850 53,617 2,292,274 167,014 36,484 117,906 15,677 103,178 2,732,533 12,065 123,024 34,683 40,963 911,895 738,029 1,860,659 870,574 1,300 2,732,533 2021A (92,629.0) 38,695.0 149,675.0 66,425.0 8,789.0 185,611.0 356,566.0 495,427.0 1,682.0 2021A 239,199.0 53,617.0 123,024.0 12,065.0 157,727.0 9,636.0 99.8 6.1% 14.1% 19.2 2021A 527 180 961 14,009 15,677 2021A 2020A
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Catalytic dehydrogenation is a chemical process that involves the removal of hydrogen from a molecule typically to generate unsaturation or olefins Supported metal catalysts play a crucial role in cat... View the full answer
Related Book For
Income Tax Fundamentals 2021
ISBN: 9780357141366
39th Edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill
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