DROPBOX INC

For the period ended Dec 31, 2023. Filed Feb 16, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 16, 2024

DBX$32.58-6.0%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

(In millions, except for par value)

	As of December 31,
	2023	2022
Assets
Current assets:
Cash and cash equivalents	$614.9	$232.8
Short-term investments	741.1	1,110.6
Trade and other receivables, net	68.7	53.8
Prepaid expenses and other current assets	91.9	92.6
Total current assets	1,516.6	1,489.8
Property and equipment, net	309.2	308.4
Operating lease right-of-use asset	183.8	260.6
Intangible assets, net	58.1	88.3
Goodwill	402.2	403.3
Deferred tax assets	460.4	498.7
Other assets	53.2	61.0
Total assets	$2,983.5	$3,110.1
Liabilities and stockholders' deficit
Current liabilities:
Accounts payable	$38.5	$38.6
Accrued and other current liabilities	155.2	139.9
Accrued compensation and benefits	109.2	131.7
Operating lease liability	57.4	68.9
Finance lease obligation	116.2	114.8
Deferred revenue	725.0	702.6
Total current liabilities	1,201.5	1,196.5
Operating lease liability, non-current	310.7	585.2
Finance lease obligation, non-current	168.5	151.7
Convertible senior notes, net, non-current	1,377.8	1,374.0
Other non-current liabilities	90.8	112.1
Total liabilities	3,149.3	3,419.5
Commitments and contingencies (Note 10)
Stockholders' deficit:
Convertible preferred stock, $0.00001 par value; no shares authorized, issued and outstanding as of December 31, 2023; no shares authorized, issued and outstanding as of December 31, 2022	—	—
Preferred stock, $0.00001 par value; 240.0 shares authorized, and no shares issued and outstanding as of December 31, 2023; 240.0 shares authorized and no shares issued and outstanding as of December 31, 2022	—	—
Common stock, $0.00001 par value; Class A common stock - 2,400.0 shares authorized and 256.0 shares issued and outstanding as of December 31, 2023; 2,400.0 shares authorized and 267.2 shares issued and outstanding as of December 31, 2022; Class B common stock - 475.0 shares authorized and 80.7 shares issued and outstanding as of December 31, 2023; 475.0 shares authorized and 82.2 shares issued and outstanding as of December 31, 2022; Class C common stock - 800.0 shares authorized and no shares issued and outstanding as of December 31, 2023; 800.0 shares authorized and no shares issued and outstanding as of December 31, 2022	—	—
Additional paid-in-capital	2,598.0	2,511.6
Accumulated deficit	(2,742.3)	(2,772.1)
Accumulated other comprehensive loss	(21.5)	(48.9)
Total stockholders' deficit	(165.8)	(309.4)
Total liabilities and stockholders' deficit	$2,983.5	$3,110.1

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.