GoDaddy Inc
For the period ended Jun 30, 2024. Filed Aug 2, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 2, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Stockholders' Equity (Deficit)
Consolidated Statements of Stockholders' Equity (Deficit) (unaudited)
(In millions, except shares in thousands)
| Class A Common Stock · Class B Common Stock · AdditionalPaid-inCapital · Accumulated Deficit · Accumulated Other Comprehensive Income · Total | ||||||||
|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | ||||||||
| Balance at December 31, 2023 | 142,051 | $0.1 | 259 | $— | $2,271.6 | $(2,320.7) | $111.2 | $62.2 |
| Net income | — | — | — | — | — | 401.5 | — | 401.5 |
| Equity-based compensation, including amounts capitalized | — | — | — | — | 72.3 | — | — | 72.3 |
| Stock option exercises | 80 | — | — | — | 2.1 | — | — | 2.1 |
| Repurchases of Class A common stock(1) | (1,245) | — | — | — | — | (147.1) | — | (147.1) |
| Impact of derivatives, net | — | — | — | — | — | — | 19.8 | 19.8 |
| Change in foreign currency translation adjustment | — | — | — | — | — | — | 3.8 | 3.8 |
| Vesting of restricted stock units and other | 1,543 | — | (259) | — | (0.1) | 0.1 | 0.2 | 0.2 |
| Balance at March 31, 2024 | 142,429 | 0.1 | — | — | 2,345.9 | (2,066.2) | 135.0 | 414.8 |
| Net income | — | — | — | — | — | 146.3 | — | 146.3 |
| Equity-based compensation, including amounts capitalized | — | — | — | — | 76.8 | — | — | 76.8 |
| Stock option exercises | 46 | — | — | — | 1.8 | — | — | 1.8 |
| Repurchases of Class A common stock(1)(2) | (2,058) | — | — | — | — | (502.8) | — | (502.8) |
| Issuance of Class A common stock under 2015 Employee Stock Purchase Plan (ESPP) | 249 | — | — | — | 19.5 | — | — | 19.5 |
| Impact of derivatives, net | — | — | — | — | — | — | (5.5) | (5.5) |
| Change in foreign currency translation adjustment | — | — | — | — | — | — | 6.3 | 6.3 |
| Vesting of restricted stock units and other | 789 | — | — | — | (0.1) | (0.1) | — | (0.2) |
| Balance at June 30, 2024 | 141,455 | $0.1 | — | $— | $2,443.9 | $(2,422.8) | $135.8 | $157.0 |
(1)Includes a 1% excise tax on shares repurchased, net of the fair market value of new share issuances, of $(0.5) million and $1.3 million for the three months ended March 31, 2024 and June 30, 2024, respectively.
(2)Includes $245.0 million of upfront payments to repurchase shares of our Class A common stock in conjunction with accelerated share repurchase agreements (ASRs) as further discussed in Note 4. No shares were initially received in connection with these ASRs.
Consolidated Statements of Stockholders' Equity (Deficit) (unaudited) (continued)
(In millions, except shares in thousands)
| Class A Common Stock · Class B Common Stock · AdditionalPaid-inCapital · Accumulated Deficit · Accumulated Other Comprehensive Income (Loss) · Non-ControllingInterests · Total | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | |||||||||
| Balance at December 31, 2022 | 153,830 | $0.2 | 312 | $— | $1,912.6 | $(2,422.6) | $178.0 | $2.5 | $(329.3) |
| Net income | — | — | — | — | — | 47.3 | — | 0.1 | 47.4 |
| Equity-based compensation, including amounts capitalized | — | — | — | — | 74.5 | — | — | — | 74.5 |
| Stock option exercises | 132 | — | — | — | 3.2 | — | — | — | 3.2 |
| Repurchases of Class A common stock | (1,553) | — | — | — | — | (113.9) | — | — | (113.9) |
| Impact of derivatives, net | — | — | — | — | — | — | (39.5) | — | (39.5) |
| Change in foreign currency translation adjustment | — | — | — | — | — | — | 2.1 | — | 2.1 |
| Vesting of restricted stock units and other | 1,705 | — | (5) | — | 0.2 | (0.1) | 0.1 | (0.2) | — |
| Balance at March 31, 2023 | 154,114 | 0.2 | 307 | — | 1,990.5 | (2,489.3) | 140.7 | 2.4 | (355.5) |
| Net income | — | — | — | — | — | 82.9 | — | 0.2 | 83.1 |
| Equity-based compensation, including amounts capitalized | — | — | — | — | 78.0 | — | — | — | 78.0 |
| Stock option exercises | 115 | — | — | — | 1.6 | — | — | (0.1) | 1.5 |
| Repurchases of Class A common stock(1) | (7,019) | (0.1) | — | — | — | (511.5) | — | — | (511.6) |
| Issuance of Class A common stock under ESPP | 299 | — | — | — | 18.2 | — | — | — | 18.2 |
| Impact of derivatives, net | — | — | — | — | — | — | 17.8 | — | 17.8 |
| Change in foreign currency translation adjustment | — | — | — | — | — | — | 3.9 | — | 3.9 |
| Vesting of restricted stock units and other | 784 | — | — | — | (0.1) | 0.1 | — | 0.1 | 0.1 |
| Balance at June 30, 2023 | 148,293 | $0.1 | 307 | $— | $2,088.2 | $(2,917.8) | $162.4 | $2.6 | $(664.5) |
(1)Includes a 1% excise tax on shares repurchased, net of the fair market value of new share issuances, of $3.8 million.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.