DROPBOX INC
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
DBX$32.58-6.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In millions, except for par value)
| As of December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $1,328.3 | $614.9 |
| Short-term investments | 265.9 | 741.1 |
| Trade and other receivables, net | 70.4 | 68.7 |
| Prepaid expenses and other current assets | 73.8 | 91.9 |
| Total current assets | 1,738.4 | 1,516.6 |
| Property and equipment, net | 358.8 | 309.2 |
| Operating lease right-of-use asset | 158.9 | 183.8 |
| Intangible assets, net | 54.9 | 58.1 |
| Goodwill | 442.8 | 402.2 |
| Deferred tax assets | 466.7 | 460.4 |
| Other assets | 104.7 | 53.2 |
| Total assets | $3,325.2 | $2,983.5 |
| Liabilities and stockholders' deficit | ||
| Current liabilities: | ||
| Accounts payable | $36.5 | $38.5 |
| Accrued and other current liabilities | 143.2 | 155.2 |
| Accrued compensation and benefits | 105.2 | 109.2 |
| Operating lease liability | 64.9 | 57.4 |
| Finance lease obligation | 123.3 | 116.2 |
| Term loan, net, current | 10.0 | — |
| Deferred revenue | 727.7 | 725.0 |
| Total current liabilities | 1,210.8 | 1,201.5 |
| Operating lease liability, non-current | 250.4 | 310.7 |
| Finance lease obligation, non-current | 203.5 | 168.5 |
| Convertible senior notes, net, non-current | 1,381.6 | 1,377.8 |
| Term loan, net, non-current | 962.9 | — |
| Other non-current liabilities | 68.4 | 90.8 |
| Total liabilities | 4,077.6 | 3,149.3 |
| Commitments and contingencies (Note 10) | ||
| Stockholders' deficit: | ||
| Convertible preferred stock, $0.00001 par value; no shares authorized, issued and outstanding as of December 31, 2024; no shares authorized, issued and outstanding as of December 31, 2023 | — | — |
| Preferred stock, $0.00001 par value; 240.0 shares authorized, and no shares issued and outstanding as of December 31, 2024; 240.0 shares authorized and no shares issued and outstanding as of December 31, 2023 | — | — |
| Common stock, $0.00001 par value; Class A common stock - 2,400.0 shares authorized and 218.4 shares issued and outstanding as of December 31, 2024; 2,400.0 shares authorized and 256.0 shares issued and outstanding as of December 31, 2023; Class B common stock - 475.0 shares authorized and 77.5 shares issued and outstanding as of December 31, 2024; 475.0 shares authorized and 80.7 shares issued and outstanding as of December 31, 2023; Class C common stock - 800.0 shares authorized and no shares issued and outstanding as of December 31, 2024; 800.0 shares authorized and no shares issued and outstanding as of December 31, 2023 | — | — |
| Additional paid-in-capital | 2,404.2 | 2,598.0 |
| Accumulated deficit | (3,146.5) | (2,742.3) |
| Accumulated other comprehensive loss | (10.1) | (21.5) |
| Total stockholders' deficit | (752.4) | (165.8) |
|---|---|---|
| Total liabilities and stockholders' deficit | $3,325.2 | $2,983.5 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.