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DROPBOX INC

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

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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$32.40-0.6%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Stockholders’ (Deficit) Equity

Convertiblepreferred stock · Class A and Class B common stock · Additionalpaid-incapital · Accumulateddeficit · Accumulatedothercomprehensiveincome (loss) · Totalstockholders’(deficit) equity
Shares · Amount · Shares · Amount
Balance at December 31, 2020—$—405.7$—$2,564.3$(2,241.4)$10.9$333.8
Release of restricted stock units and awards——14.8—————
Shares withheld related to net share settlement of restricted stock units and awards——(4.6)—(35.2)(89.6)—(124.8)
Repurchases of common stock——(41.1)—(314.3)(744.2)—(1,058.5)
Exercise of stock options and awards——0.7—6.9——6.9
Assumed stock options in connection with acquisition————1.2——1.2
Purchase of bond hedges in connection with issuance of convertible senior notes————(265.3)——(265.3)
Sale of warrants in connection with issuance of convertible senior notes————202.9——202.9
Tax benefit attributable to bond hedges purchased in connection with issuance of convertible senior notes————0.5——0.5
Stock-based compensation————287.1——287.1
Other comprehensive loss——————(13.5)(13.5)
Net income—————335.8—335.8
Balance at December 31, 2021—$—375.5$—$2,448.1$(2,739.4)$(2.6)$(293.9)
Release of restricted stock units and awards——14.4—————
Shares withheld related to net share settlement of restricted stock units and awards——(5.1)—(41.5)(77.9)—(119.4)
Repurchases of common stock——(35.6)—(287.4)(508.0)—(795.4)
Exercise of stock options and awards——0.2—0.5——0.5
Tax benefit attributable to bond hedges purchased in connection with issuance of convertible senior notes————61.2——61.2
Stock-based compensation————330.7——330.7
Other comprehensive loss——————(46.3)(46.3)
Net income—————553.2—553.2
Balance at December 31, 2022—$—349.4$—$2,511.6$(2,772.1)$(48.9)$(309.4)
Release of restricted stock units and awards——15.1—————
Shares withheld related to net share settlement of restricted stock units and awards——(5.3)—(48.5)(86.6)—(135.1)
Repurchases of common stock——(22.7)—(205.6)(337.2)—(542.8)
Exercise of stock options and awards——0.2—2.5——2.5
Stock-based compensation————338.0——338.0
Other comprehensive income——————27.427.4
Net income—————453.6—453.6
Balance at December 31, 2023—$—336.7$—$2,598.0$(2,742.3)$(21.5)$(165.8)

See accompanying Notes to Consolidated Financial Statement

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.