Snowflake Inc
For the period ended Oct 31, 2024. Filed Nov 27, 2024.
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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.
Oct 31, 2024 · Filed Nov 27, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(in thousands, except per share data)
| October 31, 2024 | January 31, 2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $2,148,928 | $1,762,749 |
| Short-term investments | 2,008,062 | 2,083,499 |
| Accounts receivable, net | 596,352 | 926,902 |
| Deferred commissions, current | 89,831 | 86,096 |
| Prepaid expenses and other current assets | 140,898 | 180,018 |
| Total current assets | 4,984,071 | 5,039,264 |
| Long-term investments | 892,777 | 916,307 |
| Property and equipment, net | 278,374 | 247,464 |
| Operating lease right-of-use assets | 280,719 | 252,128 |
| Goodwill | 990,665 | 975,906 |
| Intangible assets, net | 268,514 | 331,411 |
| Deferred commissions, non-current | 177,307 | 187,093 |
| Other assets | 329,831 | 273,810 |
| Total assets | $8,202,258 | $8,223,383 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $148,920 | $51,721 |
| Accrued expenses and other current liabilities | 485,130 | 446,860 |
| Operating lease liabilities, current | 38,288 | 33,944 |
| Deferred revenue, current | 1,974,934 | 2,198,705 |
| Total current liabilities | 2,647,272 | 2,731,230 |
| Convertible senior notes, net | 2,269,459 | — |
| Operating lease liabilities, non-current | 287,881 | 254,037 |
| Deferred revenue, non-current | 11,973 | 14,402 |
| Other liabilities | 51,264 | 33,120 |
| Total liabilities | 5,267,849 | 3,032,789 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ equity: | ||
| Preferred stock; $0.0001 par value per share; 200,000 shares authorized; zero shares issued and outstanding as of each October 31, 2024 and January 31, 2024 | — | — |
| Common stock; $0.0001 par value per share; 2,500,000 Class A shares authorized; 330,520 and 334,453 shares issued as of October 31, 2024 and January 31, 2024, respectively(1); 330,071 and 333,961 shares outstanding as of October 31, 2024 and January 31, 2024, respectively(1); 185,461 Class B shares authorized; zero shares issued and outstanding as of each October 31, 2024 and January 31, 2024 | 33 | 34 |
| Treasury stock, at cost; 449 and 492 shares held as of October 31, 2024 and January 31, 2024, respectively | (61,390) | (67,140) |
| Additional paid-in capital | 9,964,054 | 9,331,238 |
| Accumulated other comprehensive loss | (2,760) | (8,220) |
| Accumulated deficit | (6,970,492) | (4,075,604) |
| Total Snowflake Inc. stockholders’ equity | 2,929,445 | 5,180,308 |
| Noncontrolling interest | 4,964 | 10,286 |
| Total stockholders’ equity | 2,934,409 | 5,190,594 |
| Total liabilities and stockholders’ equity | $8,202,258 | $8,223,383 |
(1)In connection with a business combination completed during the three months ended January 31, 2024, 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 were treated as treasury stock for accounting purposes as of January 31, 2024, April 30, 2024, and July 31, 2024, and were subsequently transferred to the Company and retired during the three months ended October 31, 2024. These shares were not included in the numbers of shares issued and outstanding disclosed above.
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