Snowflake Inc
For the period ended Jan 31, 2024. Filed Mar 26, 2024.
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FY2024 · Filed Mar 26, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Stockholders’ Equity
| Class A and Class BCommon Stock(1) · Treasury Stock · Additional Paid-inCapital · AccumulatedOtherComprehensiveIncome (Loss) · AccumulatedDeficit · Total Snowflake Inc. Stockholders’ Equity · Noncontrolling Interest · TotalStockholders’Equity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | ||||||||||
| BALANCE—January 31, 2021 | 287,918 | $28 | — | $— | $6,175,425 | $439 | $(1,239,421) | $4,936,471 | $— | $4,936,471 |
| Issuance of common stock upon exercise of stock options | 20,903 | 3 | — | — | 126,998 | — | — | 127,001 | — | 127,001 |
| Issuance of common stock under employee stock purchase plan | 370 | — | — | — | 52,227 | — | — | 52,227 | — | 52,227 |
| Vesting of early exercised stock options | — | — | — | — | 750 | — | — | 750 | — | 750 |
| Vesting of restricted stock units | 3,186 | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | — | — | — | — | 629,269 | — | — | 629,269 | — | 629,269 |
| Other comprehensive loss | — | — | — | — | — | (16,725) | — | (16,725) | — | (16,725) |
| Net loss | — | — | — | — | — | — | (679,948) | (679,948) | — | (679,948) |
| BALANCE—January 31, 2022 | 312,377 | 31 | — | — | 6,984,669 | (16,286) | (1,919,369) | 5,049,045 | — | 5,049,045 |
| Issuance of common stock upon exercise of stock options | 6,118 | 1 | — | — | 39,742 | — | — | 39,743 | — | 39,743 |
| Issuance of common stock under employee stock purchase plan | 286 | — | — | — | 40,931 | — | — | 40,931 | — | 40,931 |
| Issuance of common stock in connection with a business combination | 1,916 | — | — | — | 438,916 | — | — | 438,916 | — | 438,916 |
| Issuance of common stock in connection with a business combination subject to future vesting | 409 | — | — | — | — | — | — | — | — | — |
| Vesting of early exercised stock options | — | — | — | — | 244 | — | — | 244 | — | 244 |
| Vesting of restricted stock units | 3,348 | — | — | — | — | — | — | — | — | — |
| Shares withheld related to net share settlement of equity awards | (1,149) | — | — | — | (184,702) | — | — | (184,702) | — | (184,702) |
| Stock-based compensation | — | — | — | — | 890,950 | — | — | 890,950 | — | 890,950 |
| Capital contributions from noncontrolling interest holders | — | — | — | — | — | — | — | — | 13,000 | 13,000 |
| Other comprehensive loss | — | — | — | — | — | (21,986) | — | (21,986) | — | (21,986) |
| Net loss | — | — | — | — | — | — | (796,705) | (796,705) | (821) | (797,526) |
| BALANCE—January 31, 2023 | 323,305 | 32 | — | — | 8,210,750 | (38,272) | (2,716,074) | 5,456,436 | 12,179 | 5,468,615 |
| Issuance of common stock upon exercise of stock options | 8,355 | 1 | — | — | 57,162 | — | — | 57,163 | — | 57,163 |
| Issuance of common stock under employee stock purchase plan | 516 | — | — | — | 61,234 | — | — | 61,234 | — | 61,234 |
| Issuance of common stock in connection with a business combination (excluding 200 shares issued to a wholly-owned subsidiary(2)) | 896 | — | — | — | 174,284 | — | — | 174,284 | — | 174,284 |
| Issuance of common stock in connection with a business combination subject to future vesting | 385 | — | — | — | — | — | — | — | — | — |
| Vesting of early exercised stock options | — | — | — | — | 163 | — | — | 163 | — | 163 |
| Vesting of restricted stock units | 6,804 | 1 | — | — | (1) | — | — | — | — | — |
| Shares withheld related to net share settlement of equity awards | (2,296) | — | — | — | (387,596) | — | — | (387,596) | — | (387,596) |
| Repurchases of common stock as treasury stock | — | — | (500) | (68,299) | — | — | — | (68,299) | — | (68,299) |
| Repurchases and retirement of common stock | (3,512) | — | — | — | — | — | (523,433) | (523,433) | — | (523,433) |
| Reissuance of treasury stock upon settlement of equity awards | — | — | 8 | 1,159 | (1,132) | — | — | 27 | — | 27 |
| Stock-based compensation | — | — | — | — | 1,216,374 | — | — | 1,216,374 | — | 1,216,374 |
| Other comprehensive income | — | — | — | — | — | 30,052 | — | 30,052 | — | 30,052 |
| Net loss | — | — | — | — | — | — | (836,097) | (836,097) | (1,893) | (837,990) |
| BALANCE—January 31, 2024 | 334,453 | $34 | (492) | $(67,140) | $9,331,238 | $(8,220) | $(4,075,604) | $5,180,308 | $10,286 | $5,190,594 |
(1)On March 1, 2021, all shares of the Company’s then-outstanding Class B common stock were automatically converted into the same number of shares of Class A common stock, pursuant to the terms of the Company’s amended and restated certificate of incorporation. No additional shares of Class B common stock will be issued following such conversion. See Note 11, “Equity,” for further details.
(2)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.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.