$OKTA
Okta Inc

2024 Q3 Form 10-Q Financial Statement

#000166013424000138 Filed on August 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $646.0M
YoY Change 16.19%
Cost Of Revenue $155.0M
YoY Change 4.03%
Gross Profit $491.0M
YoY Change 20.64%
Gross Profit Margin 76.01%
Selling, General & Admin $346.0M
YoY Change -8.95%
% of Gross Profit 70.47%
Research & Development $164.0M
YoY Change -4.65%
% of Gross Profit 33.4%
Depreciation & Amortization $21.00M
YoY Change 16.67%
% of Gross Profit 4.28%
Operating Expenses $510.0M
YoY Change -10.37%
Operating Profit -$19.00M
YoY Change -88.27%
Interest Expense $28.00M
YoY Change 1300.0%
% of Operating Profit
Other Income/Expense, Net $29.00M
YoY Change 61.11%
Pretax Income $12.00M
YoY Change -111.54%
Income Tax -$17.00M
% Of Pretax Income -141.67%
Net Earnings $29.00M
YoY Change -126.13%
Net Earnings / Revenue 4.49%
Basic Earnings Per Share $0.18
Diluted Earnings Per Share $0.15
COMMON SHARES
Basic Shares Outstanding 168.6M shares
Diluted Shares Outstanding 174.4M shares

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.358B
YoY Change 11.97%
Cash & Equivalents $515.0M
Short-Term Investments $1.843B
Other Short-Term Assets $303.0M
YoY Change 57.81%
Inventory
Prepaid Expenses
Receivables $377.0M
Other Receivables $0.00
Total Short-Term Assets $3.038B
YoY Change 13.1%
LONG-TERM ASSETS
Property, Plant & Equipment $47.00M
YoY Change -4.08%
Goodwill $5.448B
YoY Change 0.78%
Intangibles $168.0M
YoY Change -20.38%
Long-Term Investments
YoY Change
Other Assets $54.00M
YoY Change 5.88%
Total Long-Term Assets $6.029B
YoY Change 0.03%
TOTAL ASSETS
Total Short-Term Assets $3.038B
Total Long-Term Assets $6.029B
Total Assets $9.067B
YoY Change 4.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.00M
YoY Change -15.38%
Accrued Expenses $255.0M
YoY Change 16.97%
Deferred Revenue $1.394B
YoY Change 13.8%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.660B
YoY Change 14.01%
LONG-TERM LIABILITIES
Long-Term Debt $1.113B
YoY Change -23.29%
Other Long-Term Liabilities $33.00M
YoY Change 22.22%
Total Long-Term Liabilities $33.00M
YoY Change 22.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.660B
Total Long-Term Liabilities $33.00M
Total Liabilities $2.934B
YoY Change -4.52%
SHAREHOLDERS EQUITY
Retained Earnings -$2.841B
YoY Change 5.03%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.133B
YoY Change
Total Liabilities & Shareholders Equity $9.067B
YoY Change 4.06%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income $29.00M
YoY Change -126.13%
Depreciation, Depletion And Amortization $21.00M
YoY Change 16.67%
Cash From Operating Activities $86.00M
YoY Change 62.26%
INVESTING ACTIVITIES
Capital Expenditures $8.000M
YoY Change 100.0%
Acquisitions
YoY Change
Other Investing Activities $164.0M
YoY Change -67.13%
Cash From Investing Activities $156.0M
YoY Change -68.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -50.00M
YoY Change -84.13%
NET CHANGE
Cash From Operating Activities 86.00M
Cash From Investing Activities 156.0M
Cash From Financing Activities -50.00M
Net Change In Cash 192.0M
YoY Change -17.6%
FREE CASH FLOW
Cash From Operating Activities $86.00M
Capital Expenditures $8.000M
Free Cash Flow $78.00M
YoY Change 59.18%

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us-gaap Fiscal Period
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The Company’s fiscal year ends on January 31. References to fiscal 2025, for example, refer to the fiscal year ending January 31, 2025.
us-gaap Prior Period Reclassification Adjustment Description
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<div style="margin-bottom:9pt;margin-top:6pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior period amounts have been reclassified to conform to the current period presentation.</span></div>
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CY2024Q3 us-gaap Income Tax Expense Benefit
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CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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CY2023Q3 us-gaap Income Tax Expense Benefit
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CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
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CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
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CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
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false

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