Snowflake Inc
For the period ended Jan 31, 2024. Filed Mar 26, 2024.
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FY2024 · Filed Mar 26, 2024
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Consolidated Balance Sheets
| January 31, 2024 | January 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $1,762,749 | $939,902 |
| Short-term investments | 2,083,499 | 3,067,966 |
| Accounts receivable, net | 926,902 | 715,821 |
| Deferred commissions, current | 86,096 | 67,901 |
| Prepaid expenses and other current assets | 180,018 | 193,100 |
| Total current assets | 5,039,264 | 4,984,690 |
| Long-term investments | 916,307 | 1,073,023 |
| Property and equipment, net | 247,464 | 160,823 |
| Operating lease right-of-use assets | 252,128 | 231,266 |
| Goodwill | 975,906 | 657,370 |
| Intangible assets, net | 331,411 | 186,013 |
| Deferred commissions, non-current | 187,093 | 145,286 |
| Other assets | 273,810 | 283,851 |
| Total assets | $8,223,383 | $7,722,322 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $51,721 | $23,672 |
| Accrued expenses and other current liabilities | 446,860 | 269,069 |
| Operating lease liabilities, current | 33,944 | 27,301 |
| Deferred revenue, current | 2,198,705 | 1,673,475 |
| Total current liabilities | 2,731,230 | 1,993,517 |
| Operating lease liabilities, non-current | 254,037 | 224,357 |
| Deferred revenue, non-current | 14,402 | 11,463 |
| Other liabilities | 33,120 | 24,370 |
| Total liabilities | 3,032,789 | 2,253,707 |
| Commitments and contingencies (Note 10) | ||
| Stockholders’ equity: | ||
| Preferred stock; $0.0001 par value per share; 200,000 shares authorized, zero shares issued and outstanding as of each January 31, 2024 and 2023 | — | — |
| Common stock; $0.0001 par value per share; 2,500,000 Class A shares authorized, 334,453 and 323,305 shares issued and outstanding as of January 31, 2024 and 2023, respectively (excluding 200 shares and zero shares of treasury stock held by a wholly-owned subsidiary as of January 31, 2024 and 2023, respectively(1)); 185,461 Class B shares authorized, zero shares issued and outstanding as of each January 31, 2024 and 2023 | 34 | 32 |
| Treasury stock, at cost; 492 shares and zero shares held as of January 31, 2024 and 2023, respectively | (67,140) | — |
| Additional paid-in capital | 9,331,238 | 8,210,750 |
| Accumulated other comprehensive loss | (8,220) | (38,272) |
| Accumulated deficit | (4,075,604) | (2,716,074) |
| Total Snowflake Inc. stockholders’ equity | 5,180,308 | 5,456,436 |
| Noncontrolling interest | 10,286 | 12,179 |
| Total stockholders’ equity | 5,190,594 | 5,468,615 |
| Total liabilities and stockholders’ equity | $8,223,383 | $7,722,322 |
(1)In connection with a business combination completed on December 20, 2023, the Company issued approximately 0.2 million shares of its Class A common stock to one of its wholly-owned subsidiaries, in exchange for a noncontrolling equity interest in the acquired company that was held by the subsidiary prior to this business combination. These shares are treated as treasury stock for accounting purposes. See Note 7, “Business Combinations,” for further details.
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