C3ai Inc
For the period ended Apr 30, 2024. Filed Jun 18, 2024.
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FY2024 · Filed Jun 18, 2024
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Consolidated Balance Sheets
(In thousands, except for share and per share data)
| As of April 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $167,146 | $284,829 |
| Marketable securities | 583,221 | 446,155 |
| Accounts receivable, net of allowance of $359 and $359 as of April 30, 2024 and 2023, respectively(1) | 130,064 | 134,586 |
| Prepaid expenses and other current assets(2) | 23,963 | 23,309 |
| Total current assets | 904,394 | 888,879 |
| Property and equipment, net | 88,631 | 84,578 |
| Goodwill | 625 | 625 |
| Long-term marketable securities | — | 81,418 |
| Other assets, non-current(3) | 44,575 | 47,528 |
| Total assets | $1,038,225 | $1,103,028 |
| Liabilities and stockholders’ equity | ||
| Current liabilities | ||
| Accounts payable(4) | $11,316 | $24,610 |
| Accrued compensation and employee benefits | 44,263 | 46,513 |
| Deferred revenue, current(5) | 37,230 | 47,846 |
| Accrued and other current liabilities(6) | 9,526 | 17,070 |
| Total current liabilities | 102,335 | 136,039 |
| Deferred revenue, non-current | 1,732 | 4 |
| Other long-term liabilities | 60,805 | 37,320 |
| Total liabilities | $164,872 | $173,363 |
| Commitments and contingencies (note 7) | ||
| Stockholders’ equity | ||
| Class A common stock, $0.001 par value. 1,000,000,000 shares authorized as of April 30, 2024 and 2023, respectively; 120,205,931 and 110,442,569 shares issued and outstanding as of April 30, 2024 and 2023, respectively | 120 | 110 |
| Class B common stock, $0.001 par value; 3,500,000 shares authorized as of April 30, 2024 and 2023, respectively; 3,499,992 and 3,499,992 shares issued and outstanding as of April 30, 2024 and 2023, respectively | 3 | 3 |
| Additional paid-in capital | 1,963,726 | 1,740,174 |
| Accumulated other comprehensive loss | (563) | (385) |
| Accumulated deficit | (1,089,933) | (810,237) |
| Total stockholders’ equity | 873,353 | 929,665 |
| Total liabilities and stockholders’ equity | $1,038,225 | $1,103,028 |
(1)Including amounts from a related party of $74,620 as of April 30, 2023.
(2)Including amounts from a related party of $4,983 as of April 30, 2023.
(3)Including amounts from a related party of $11,279 as of April 30, 2023.
(4)Including amounts due to a related party of $2,200 as of April 30, 2023
(5)Including amounts from a related party of $249 as of April 30, 2023.
(6)Including amounts due to a related party of $2,448 as of April 30, 2023.
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