Cloudflare Inc
For the period ended Dec 31, 2023. Filed Feb 21, 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 21, 2024
NET$305.80+4.1%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' Equity
| Class A common stock · Class B common stock · Additionalpaid-incapital · Accumulateddeficit · Accumulatedothercomprehensiveincome (loss) · Totalstockholders’equity | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | |||||||||||||
| Balance as of December 31, 2020 | 249,401 | $249 | 59,239 | $55 | $1,236,993 | $(420,520) | $163 | $816,940 | |||||
| Issuance of common stock in connection with acquisition | 9 | — | — | — | 1,565 | — | — | 1,565 | |||||
| Issuance of unvested restricted stock in connection with acquisition | 39 | — | — | — | — | — | — | — | |||||
| Issuance of common stock upon exercise of stock options | 686 | 1 | 3,727 | 4 | 21,381 | — | — | 21,386 | |||||
| Repurchases of unvested common stock | (75) | — | — | — | — | — | — | — | |||||
| Issuance of common stock related to early exercised stock options | — | — | 42 | — | — | — | — | — | |||||
| Vesting of shares issued upon early exercise of stock options | — | — | — | 2 | 3,877 | — | — | 3,879 | |||||
| Issuance of common stock related to settlement of RSUs | 1,457 | 1 | 1,297 | 1 | (3) | — | — | (1) | |||||
| Tax withholding on RSU settlement | — | — | (29) | — | (3,634) | — | — | (3,634) | |||||
| Conversion of Class B to Class A common stock | 18,372 | 18 | (18,372) | (18) | — | — | — | — | |||||
| Equity component of convertible senior notes, net of issuance costs | — | — | — | — | 262,077 | — | — | 262,077 | |||||
| Purchases of capped calls related to convertible senior notes | — | — | — | — | (86,293) | — | — | (86,293) | |||||
| Issuance of common stock in connection with partial repurchase of convertible senior notes | 7,559 | 8 | — | — | 920,241 | — | — | 920,249 | |||||
| Equity component of extinguishment of convertible senior notes | — | — | — | — | (965,684) | — | — | (965,684) | |||||
| Temporary equity reclassification | — | — | — | — | (4,439) | — | — | (4,439) | |||||
| Common stock issued under employee stock purchase plan | 260 | — | — | — | 14,984 | — | — | 14,984 | |||||
| Stock-based compensation | — | — | — | — | — | 93,447 | — | — | 93,447 | ||||
| Net loss | — | — | — | — | — | (260,309) | — | (260,309) | |||||
| Other comprehensive loss | — | — | — | — | — | — | (2,808) | (2,808) | |||||
| Balance as of December 31, 2021 | 277,708 | 277 | 45,904 | 44 | 1,494,512 | (680,829) | (2,645) | 811,359 | |||||
| Cumulative effect adjustment from adoption of ASU 2020-06 | — | — | — | — | (318,756) | 34,319 | — | (284,437) | |||||
| Issuance of common stock in connection with acquisition | 522 | 1 | — | — | 65,504 | — | — | 65,505 | |||||
| Issuance of restricted stock in connection with acquisition | 52 | — | — | — | — | — | — | — | |||||
| Issuance of common stock upon exercise of stock options | 249 | — | 2,194 | 2 | 9,998 | — | — | 10,000 | |||||
| Repurchases of unvested common stock | (1) | — | — | — | — | — | — | — | |||||
| Issuance of common stock related to early exercised stock options | — | — | 41 | — | — | — | — | — | |||||
| Vesting of shares issued upon early exercise of stock options | — | — | — | 1 | 2,861 | — | — | 2,862 | |||||
| Issuance of common stock related to settlement of RSUs | 1,723 | 2 | 1,125 | 1 | (3) | — | — | — | |||||
| Tax withholding on RSU settlement | — | — | (32) | — | (2,483) | — | — | (2,483) | |||||
| Conversion of Class B to Class A Common stock | 5,707 | 6 | (5,707) | (6) | — | — | — | — | |||||
| Common stock issued under employee stock purchase plan | 302 | — | — | — | 15,291 | — | — | 15,291 | |||||
| Settlement of common stock in connection with convertible senior notes | 299 | — | — | — | (201) | — | — | (201) | |||||
| Stock-based compensation | — | — | — | — | 208,700 | — | — | 208,700 | |||||
| Net loss | — | — | — | — | — | (193,381) | — | (193,381) | |||||
| Other comprehensive loss | — | — | — | — | — | — | (9,251) | (9,251) | |||||
| Balance as of December 31, 2022 | 286,561 | 286 | 43,525 | 42 | 1,475,423 | (839,891) | (11,896) | 623,964 | |||||
| Issuance of common stock upon exercise of stock options | 448 | — | 2,541 | 3 | 14,848 | — | — | 14,851 | |||||
| Repurchases of unvested common stock | (17) | — | — | — | — | — | — | — | |||||
| Vesting of shares issued upon early exercise of stock options | — | — | — | 1 | 1,760 | — | — | 1,761 | |||||
| Issuance of common stock related to settlement of RSUs | 3,291 | 3 | 398 | 1 | (4) | — | — | — | |||||
| Tax withholding on RSU settlement | (105) | — | (18) | — | (7,953) | — | — | (7,953) |
|---|---|---|---|---|---|---|---|---|
| Conversion of Class B to Class A Common stock | 7,003 | 7 | (7,003) | (7) | — | — | — | — |
| Common stock issued under employee stock purchase plan | 447 | 1 | — | — | 19,082 | — | — | 19,083 |
| Settlement of common stock in connection with convertible senior notes | 461 | — | — | — | 46 | — | — | 46 |
| Stock-based compensation | — | — | — | — | 281,364 | — | — | 281,364 |
| Net loss | — | — | — | — | — | (183,949) | — | (183,949) |
| Other comprehensive income | — | — | — | — | — | — | 13,880 | 13,880 |
| Balance as of December 31, 2023 | 298,089 | $297 | 39,443 | $40 | $1,784,566 | $(1,023,840) | $1,984 | $763,047 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.