DROPBOX INC
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
View on SEC.govAbout 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.
See the whole filing, with its images and exhibitsContents
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 | — | — | — | — | — | — | 27.4 | 27.4 |
| 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
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.