2023 Q4 Form 10-K Financial Statement

#000147733324000013 Filed on February 21, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022
Revenue $362.5M $1.297B $975.2M
YoY Change 31.95% 32.97% 48.57%
Cost Of Revenue $83.28M $307.0M $232.6M
YoY Change 22.86% 31.98% 58.09%
Gross Profit $279.2M $989.7M $742.6M
YoY Change 34.93% 33.27% 45.82%
Gross Profit Margin 77.02% 76.32% 76.15%
Selling, General & Admin $225.0M $814.8M $645.5M
YoY Change 26.5% 26.22% 44.23%
% of Gross Profit 80.61% 82.32% 86.92%
Research & Development $96.40M $358.1M $298.3M
YoY Change 21.83% 20.06% 57.49%
% of Gross Profit 34.53% 36.19% 40.17%
Depreciation & Amortization $36.22M $135.8M $102.3M
YoY Change 22.23% 32.72% 53.64%
% of Gross Profit 12.97% 13.72% 13.78%
Operating Expenses $322.0M $1.175B $943.8M
YoY Change 25.29% 24.52% 48.17%
Operating Profit -$42.83M -$185.5M -$201.2M
YoY Change -14.54% -7.81% 57.58%
Interest Expense $19.12M $62.30M $4.984M
YoY Change 156.73% 1149.9% -89.88%
% of Operating Profit
Other Income/Expense, Net -$2.103M -$4.372M $10.47M
YoY Change 31.27% -141.76% -108.7%
Pretax Income -$25.81M -$177.9M -$190.7M
YoY Change -42.44% -6.75% -23.08%
Income Tax $2.054M $6.087M $2.648M
% Of Pretax Income
Net Earnings -$27.87M -$183.9M -$193.4M
YoY Change -39.31% -4.88% -25.71%
Net Earnings / Revenue -7.69% -14.19% -19.83%
Basic Earnings Per Share -$0.55 -$0.59
Diluted Earnings Per Share -$0.08 -$0.55 -$0.59
COMMON SHARES
Basic Shares Outstanding 333.7M shares 326.3M shares
Diluted Shares Outstanding 333.7M shares 326.3M shares

Balance Sheet

Concept 2023 Q4 2023 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.674B $1.674B $1.650B
YoY Change 1.44% 1.44% -9.44%
Cash & Equivalents $86.86M $86.86M $204.2M
Short-Term Investments $1.587B $1.587B $1.446B
Other Short-Term Assets $50.02M $50.02M $81.11M
YoY Change -38.33% -38.33% 150.41%
Inventory
Prepaid Expenses
Receivables $259.3M $259.3M $156.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.983B $1.983B $1.888B
YoY Change 5.04% 5.04% -3.48%
LONG-TERM ASSETS
Property, Plant & Equipment $461.4M $461.4M $419.0M
YoY Change 60.98% 10.12% 33.41%
Goodwill $148.0M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $147.7M $147.7M $100.5M
YoY Change 2035.15% 46.93% 29.92%
Total Long-Term Assets $776.7M $776.7M $700.0M
YoY Change 10.95% 10.95% 68.19%
TOTAL ASSETS
Total Short-Term Assets $1.983B $1.983B $1.888B
Total Long-Term Assets $776.7M $776.7M $700.0M
Total Assets $2.760B $2.760B $2.588B
YoY Change 6.64% 6.64% 9.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $53.73M $53.73M $35.61M
YoY Change 50.89% 50.89% 36.5%
Accrued Expenses $165.7M $165.7M $141.7M
YoY Change 16.96% 16.96% 9.72%
Deferred Revenue $347.6M
YoY Change 58.98%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $567.1M $567.1M $397.9M
YoY Change 42.53% 42.53% 37.88%
LONG-TERM LIABILITIES
Long-Term Debt $1.283B $1.283B $1.436B
YoY Change -10.64% -10.64% 25.23%
Other Long-Term Liabilities $146.3M $146.3M $129.9M
YoY Change 1289.64% 12.62% 7.49%
Total Long-Term Liabilities $1.430B $1.430B $1.566B
YoY Change 13481.95% -8.71% 23.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $567.1M $567.1M $397.9M
Total Long-Term Liabilities $1.430B $1.430B $1.566B
Total Liabilities $1.997B $1.997B $1.964B
YoY Change 1.67% 1.67% 26.2%
SHAREHOLDERS EQUITY
Retained Earnings -$1.024B
YoY Change 21.9%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $763.0M $763.0M $624.0M
YoY Change
Total Liabilities & Shareholders Equity $2.760B $2.760B $2.588B
YoY Change 6.64% 6.64% 9.1%

Cashflow Statement

Concept 2023 Q4 2023 2022
OPERATING ACTIVITIES
Net Income -$27.87M -$183.9M -$193.4M
YoY Change -39.31% -4.88% -25.71%
Depreciation, Depletion And Amortization $36.22M $135.8M $102.3M
YoY Change 22.23% 32.72% 53.64%
Cash From Operating Activities $85.41M $254.4M $123.6M
YoY Change 9.32% 105.84% 91.18%
INVESTING ACTIVITIES
Capital Expenditures $34.74M $134.9M $143.6M
YoY Change -21.86% -6.03% 54.44%
Acquisitions $6.083M $88.19M
YoY Change -93.1% 1473.36%
Other Investing Activities -$66.96M -$51.26M -$36.00K
YoY Change -373.22% 142286.11% -32.08%
Cash From Investing Activities -$101.6M -$186.2M -$235.7M
YoY Change 409.13% -21.0% -66.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.417M $14.82M $3.000K
YoY Change 493800.0% -98.41%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.815M -192.2M $6.347M
YoY Change 22.4% -3127.97% -99.25%
NET CHANGE
Cash From Operating Activities 85.41M 254.4M $123.6M
Cash From Investing Activities -101.6M -186.2M -$235.7M
Cash From Financing Activities 9.815M -192.2M $6.347M
Net Change In Cash -6.380M -124.0M -$105.8M
YoY Change -109.64% 17.23% -152.14%
FREE CASH FLOW
Cash From Operating Activities $85.41M $254.4M $123.6M
Capital Expenditures $34.74M $134.9M $143.6M
Free Cash Flow $50.66M $119.5M -$20.01M
YoY Change 50.52% -696.99% -29.38%

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CY2022 us-gaap Income Taxes Paid Net
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CY2023 cloud Cash Paid For Operating Lease Liabilities
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CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2021 cloud Share Based Payment Arrangement Vesting Of Early Exercised Stock Options
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CY2023 cloud Business Combination Indemnity Holdback Consideration
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CY2022 cloud Business Combination Indemnity Holdback Consideration
BusinessCombinationIndemnityHoldbackConsideration
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CY2021 cloud Business Combination Indemnity Holdback Consideration
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CY2021 us-gaap Stock Issued1
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CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2023 us-gaap Debt Conversion Converted Instrument Amount1
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CY2022 us-gaap Debt Conversion Converted Instrument Amount1
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CY2021 us-gaap Debt Conversion Converted Instrument Amount1
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920249000 usd
CY2023 us-gaap Fiscal Period
FiscalPeriod
The Company’s fiscal year ends on December 31.
CY2023 us-gaap Use Of Estimates
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<div style="margin-bottom:6pt;margin-top:18pt;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the consolidated financial statements and accompanying notes to the consolidated financial statements. Such estimates include, but are not limited to, allowance for doubtful accounts, deferred contract acquisitions costs, the period of benefit generated from the Company’s deferred contract acquisition costs, the capitalization and estimated useful life of internal-use software, valuation of acquired intangible assets, the assessment of recoverability of intangible assets and their estimated useful lives, useful lives of property and equipment, the determination of the incremental borrowing rate used for operating lease liabilities, the valuation and recognition of stock-based compensation awards, uncertain tax positions, and the recognition and measurement of current and deferred income tax assets and liabilities. Management bases these estimates and assumptions on historical experience and on various other assumptions that are believed to be reasonable. Due in part to the Hamas-Israel and Russia-Ukraine conflicts and other macroeconomic and geopolitical conditions, there is ongoing uncertainty and significant disruption in the global economy and financial markets. The Company is not aware of any specific event or circumstance that would require an update to its estimates or assumptions or a revision of the carrying value of its assets or liabilities as of February 21, 2024, the date of issuance of this Annual Report on Form 10-K. These estimates and assumptions may change in the future, however, as new events occur and additional information is obtained</span><span style="background-color:#ffffff;color:#212529;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Actual results could differ materially from these estimates.</span></div>
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:6pt;margin-top:18pt;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Risks</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s revenue is reliant on its customers utilizing Internet-based services. These services can be prone to rapid changes in technology and government regulation. If the Company were unable to keep pace with customers’ needs and continue to improve its technological capabilities, or if another firm were to introduce competitive products, or a government jurisdiction were to enact legislation detrimental to the Company’s business, such an event or events could adversely affect the Company’s operating results.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company serves its customers from co-location facilities located in various cities and countries around the world. The Company has internal procedures to restore services in the event of disasters at its current co-location facilities. Even with these procedures for disaster recovery in place, the Company’s services could be significantly interrupted during the implementation of restoration procedures.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash, cash equivalents, restricted cash, available-for-sale securities, and accounts receivable. Although the Company maintains cash deposits and cash equivalent balances with multiple financial institutions, the deposits, at times, may exceed federally insured limits. Cash and cash equivalents may be withdrawn or redeemed on demand. The Company believes that the financial institutions that hold its cash and cash equivalents and available-for-sale securities are financially sound and, accordingly, minimal credit risk exists with respect to these balances. The Company also maintains investments in U.S. treasury securities, U.S. government agency securities, commercial paper, and corporate bonds that carry high credit ratings and accordingly, minimal credit risk exists with respect to these balances. Cash equivalents consist of money market funds, commercial paper, and corporate bonds which are invested through financial institutions in the United States.</span></div>The Company’s accounts receivable are derived from net revenue to customers located throughout the world. The Company grants credit to its customers in the normal course of business.
CY2023Q4 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P3Y
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CY2022 us-gaap Advertising Expense
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CY2021 us-gaap Advertising Expense
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CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1296745000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
656426000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
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220000000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
116000000 usd
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
55300000 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2023 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2021 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:6pt;margin-top:18pt;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassification of prior year presentation</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year amounts have been reclassified for consistency with the current year presentation. Specifically, Liability for early exercise of unvested stock options, which was previously presented as a separate line item on the consolidated balance sheets, is now included within Accrued expense and other current liabilities.</span></div>
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1296745000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
975241000 usd
CY2022Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
93145000 usd
CY2021Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
70320000 usd
CY2020Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
44176000 usd
CY2023 cloud Capitalized Contract Cost Additions
CapitalizedContractCostAdditions
101465000 usd
CY2022 cloud Capitalized Contract Cost Additions
CapitalizedContractCostAdditions
67940000 usd
CY2021 cloud Capitalized Contract Cost Additions
CapitalizedContractCostAdditions
55411000 usd
CY2023 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
61374000 usd
CY2022 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
45115000 usd
CY2021 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
29267000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
133236000 usd
CY2022Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
93145000 usd
CY2021Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
70320000 usd
CY2021 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 usd
CY2023 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 usd
CY2022 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1244600000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.73
CY2023Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2023Q4 cloud Cash And Cash Equivalents And Debt Securities Available For Sale Amortized Cost
CashAndCashEquivalentsAndDebtSecuritiesAvailableForSaleAmortizedCost
1676044000 usd
CY2023Q4 cloud Cash And Cash Equivalents And Debt Securities Available For Sale Accumulated Gross Unrealized Gain Before Tax
CashAndCashEquivalentsAndDebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainBeforeTax
3078000 usd
CY2023Q4 cloud Cash And Cash Equivalents And Debt Securities Available For Sale Accumulated Gross Unrealized Loss Before Tax
CashAndCashEquivalentsAndDebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedLossBeforeTax
1018000 usd
CY2023Q4 cloud Cash And Cash Equivalents And Debt Securities Available For Sale
CashAndCashEquivalentsAndDebtSecuritiesAvailableForSale
1678104000 usd
CY2022Q4 cloud Cash And Cash Equivalents And Debt Securities Available For Sale Amortized Cost
CashAndCashEquivalentsAndDebtSecuritiesAvailableForSaleAmortizedCost
1672782000 usd
CY2022Q4 cloud Cash And Cash Equivalents And Debt Securities Available For Sale Accumulated Gross Unrealized Gain Before Tax
CashAndCashEquivalentsAndDebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainBeforeTax
66000 usd
CY2022Q4 cloud Cash And Cash Equivalents And Debt Securities Available For Sale Accumulated Gross Unrealized Loss Before Tax
CashAndCashEquivalentsAndDebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedLossBeforeTax
11885000 usd
CY2022Q4 cloud Cash And Cash Equivalents And Debt Securities Available For Sale
CashAndCashEquivalentsAndDebtSecuritiesAvailableForSale
1660963000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
1185100000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
1251600000 usd
CY2023Q4 cloud Debt Securities Available For Sale Maturity Allocated And Single Maturity Date After One Year Amortized Cost
DebtSecuritiesAvailableForSaleMaturityAllocatedAndSingleMaturityDateAfterOneYearAmortizedCost
399700000 usd
CY2022Q4 cloud Debt Securities Available For Sale Maturity Allocated And Single Maturity Date After One Year Amortized Cost
DebtSecuritiesAvailableForSaleMaturityAllocatedAndSingleMaturityDateAfterOneYearAmortizedCost
205900000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
2000000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-11900000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3134000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2644000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1703000 usd
CY2023 cloud Provision For Doubtful Accounts Excluding Pay As You Go Customers
ProvisionForDoubtfulAccountsExcludingPayAsYouGoCustomers
13641000 usd
CY2022 cloud Provision For Doubtful Accounts Excluding Pay As You Go Customers
ProvisionForDoubtfulAccountsExcludingPayAsYouGoCustomers
4836000 usd
CY2021 cloud Provision For Doubtful Accounts Excluding Pay As You Go Customers
ProvisionForDoubtfulAccountsExcludingPayAsYouGoCustomers
3735000 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
10779000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
4346000 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
2794000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5996000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3134000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2644000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
541293000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
465501000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
218480000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
178901000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
322813000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
286600000 usd
CY2023 us-gaap Depreciation
Depreciation
113400000 usd
CY2022 us-gaap Depreciation
Depreciation
84800000 usd
CY2021 us-gaap Depreciation
Depreciation
62300000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
148000000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
148000000 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
60483000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
40919000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
19564000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
53400000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
20917000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
32483000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20000000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15200000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2900000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
9010000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4391000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1450000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1450000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1450000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1813000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
19564000 usd
CY2023 cloud Number Of Leases With Modified Holding Period
NumberOfLeasesWithModifiedHoldingPeriod
3 lease
CY2021Q4 cloud Lessee Operating Lease Liability To Be Paid Upon Exercising Of Lease Extension Option
LesseeOperatingLeaseLiabilityToBePaidUponExercisingOfLeaseExtensionOption
53800000 usd
CY2023 cloud Lessor Operating Lease Number Of Leased Office Space
LessorOperatingLeaseNumberOfLeasedOfficeSpace
1 office_space
CY2021 us-gaap Sublease Income
SubleaseIncome
1100000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
44792000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
36332000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
25091000 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
0 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
0 usd
CY2021 us-gaap Sublease Income
SubleaseIncome
1096000 usd
CY2023 us-gaap Lease Cost
LeaseCost
44792000 usd
CY2022 us-gaap Lease Cost
LeaseCost
36332000 usd
CY2021 us-gaap Lease Cost
LeaseCost
23995000 usd
CY2023Q4 cloud Lessee Operating Lease Lease Not Yet Commenced Undiscounted Amount
LesseeOperatingLeaseLeaseNotYetCommencedUndiscountedAmount
35900000 usd
CY2023Q4 us-gaap Lessee Operating Lease Lease Not Yet Commenced Term Of Contract1
LesseeOperatingLeaseLeaseNotYetCommencedTermOfContract1
P3Y8M12D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M24D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y4M24D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.046
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.040
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
43921000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
34212000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
30003000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
25654000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
14479000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
21302000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
169571000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
17730000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
151841000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
33902000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
32525000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
25340000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
22242000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
19172000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
24864000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
158045000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
17146000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
140899000 usd
CY2023 cloud Long Term Purchase Commitment Costs And Expenses
LongTermPurchaseCommitmentCostsAndExpenses
143800000 usd
CY2022 cloud Long Term Purchase Commitment Costs And Expenses
LongTermPurchaseCommitmentCostsAndExpenses
119000000 usd
CY2021 cloud Long Term Purchase Commitment Costs And Expenses
LongTermPurchaseCommitmentCostsAndExpenses
77100000 usd
CY2023Q4 us-gaap Purchase Obligation
PurchaseObligation
85540000 usd
CY2023Q4 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
28635000 usd
CY2023Q4 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
44786000 usd
CY2023Q4 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
5647000 usd
CY2023Q4 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
2495000 usd
CY2023Q4 us-gaap Purchase Obligation Due In Fifth Year
PurchaseObligationDueInFifthYear
749000 usd
CY2023Q4 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
3228000 usd
CY2023Q4 cloud Long Term Commitment Bandwidth And Co Location Commitments
LongTermCommitmentBandwidthAndCoLocationCommitments
113284000 usd
CY2023Q4 cloud Long Term Commitment Bandwidth And Co Location Commitments Due In Next Twelve Months
LongTermCommitmentBandwidthAndCoLocationCommitmentsDueInNextTwelveMonths
46380000 usd
CY2023Q4 cloud Long Term Commitment Bandwidth And Co Location Commitments Due In Second Year
LongTermCommitmentBandwidthAndCoLocationCommitmentsDueInSecondYear
28325000 usd
CY2023Q4 cloud Long Term Commitment Bandwidth And Co Location Commitments Due In Third Year
LongTermCommitmentBandwidthAndCoLocationCommitmentsDueInThirdYear
17965000 usd
CY2023Q4 cloud Long Term Commitment Bandwidth And Co Location Commitments Due In Fourth Year
LongTermCommitmentBandwidthAndCoLocationCommitmentsDueInFourthYear
13443000 usd
CY2023Q4 cloud Long Term Commitment Bandwidth And Co Location Commitments Due In Fifth Year
LongTermCommitmentBandwidthAndCoLocationCommitmentsDueInFifthYear
5406000 usd
CY2023Q4 cloud Long Term Commitment Bandwidth And Co Location Commitments Due After Fifth Year
LongTermCommitmentBandwidthAndCoLocationCommitmentsDueAfterFifthYear
1765000 usd
CY2023Q4 us-gaap Other Commitment
OtherCommitment
1000000 usd
CY2023Q4 us-gaap Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
1000000 usd
CY2023Q4 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
0 usd
CY2023Q4 us-gaap Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
0 usd
CY2023Q4 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
0 usd
CY2023Q4 us-gaap Other Commitment Due In Fifth Year
OtherCommitmentDueInFifthYear
0 usd
CY2023Q4 us-gaap Other Commitment Due After Fifth Year
OtherCommitmentDueAfterFifthYear
0 usd
CY2023Q4 us-gaap Contractual Obligation
ContractualObligation
199824000 usd
CY2023Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
76015000 usd
CY2023Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
73111000 usd
CY2023Q4 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
23612000 usd
CY2023Q4 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
15938000 usd
CY2023Q4 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
6155000 usd
CY2023Q4 us-gaap Contractual Obligation Due After Fifth Year
ContractualObligationDueAfterFifthYear
4993000 usd
CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
104014000 shares
CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
97579000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
18186000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.92
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1310650000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
100000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
137.17
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
4455000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
4.83
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
503243000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
228000 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
2.67
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
13603000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.47
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1726440000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
5733000 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
97.71
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2484000 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
4.08
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
180990000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
966000 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
74.88
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
15886000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
34.21
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y3M18D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
451782000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1290000 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
51.21
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2989000 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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