2019 Q2 Form 10-Q Financial Statement

#000144766919000017 Filed on August 02, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $275.0M $147.8M
YoY Change 86.15% 54.07%
Cost Of Revenue $125.0M $67.94M
YoY Change 84.02% 60.61%
Gross Profit $150.0M $79.81M
YoY Change 87.96% 49.19%
Gross Profit Margin 54.54% 54.02%
Selling, General & Admin $145.0M $61.96M
YoY Change 133.96% 100.52%
% of Gross Profit 96.63% 77.63%
Research & Development $98.78M $39.81M
YoY Change 148.13% 34.04%
% of Gross Profit 65.85% 49.88%
Depreciation & Amortization $9.100M $4.300M
YoY Change 111.63% -4.87%
% of Gross Profit 6.07% 5.39%
Operating Expenses $243.7M $101.8M
YoY Change 139.5% 67.94%
Operating Profit -$93.73M -$21.96M
YoY Change 326.87% 209.27%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$880.0K -$1.898M
YoY Change -53.64% -479.6%
Pretax Income -$94.61M -$23.86M
YoY Change 296.6% 261.45%
Income Tax -$2.000M $150.0K
% Of Pretax Income
Net Earnings -$92.58M -$24.01M
YoY Change 285.65% 238.11%
Net Earnings / Revenue -33.66% -16.25%
Basic Earnings Per Share
Diluted Earnings Per Share -$716.2K -$249.2K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.882B $795.0M
YoY Change 136.77% 175.09%
Cash & Equivalents $535.9M $499.0M
Short-Term Investments $1.346B $301.0M
Other Short-Term Assets $50.00M $22.00M
YoY Change 127.27% 15.79%
Inventory
Prepaid Expenses
Receivables $126.8M $68.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.060B $884.0M
YoY Change 132.98% 155.49%
LONG-TERM ASSETS
Property, Plant & Equipment $106.5M $57.00M
YoY Change 86.81% 29.55%
Goodwill $2.284B
YoY Change
Intangibles $485.4M
YoY Change
Long-Term Investments
YoY Change
Other Assets $21.32M $10.00M
YoY Change 113.16% 11.11%
Total Long-Term Assets $3.050B $102.0M
YoY Change 2889.8% 10.87%
TOTAL ASSETS
Total Short-Term Assets $2.060B $884.0M
Total Long-Term Assets $3.050B $102.0M
Total Assets $5.109B $986.0M
YoY Change 418.16% 125.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.36M $24.00M
YoY Change 22.34% 500.0%
Accrued Expenses $139.0M $82.00M
YoY Change 69.51% 60.78%
Deferred Revenue $24.90M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $8.000M
YoY Change
Total Short-Term Liabilities $201.8M $123.0M
YoY Change 64.05% 83.58%
LONG-TERM LIABILITIES
Long-Term Debt $456.0M $423.0M
YoY Change 7.8%
Other Long-Term Liabilities $15.48M $8.000M
YoY Change 93.49% -20.0%
Total Long-Term Liabilities $15.48M $431.0M
YoY Change -96.41% 4210.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $201.8M $123.0M
Total Long-Term Liabilities $15.48M $431.0M
Total Liabilities $812.2M $556.0M
YoY Change 46.09% 595.0%
SHAREHOLDERS EQUITY
Retained Earnings -$500.8M
YoY Change
Common Stock $4.794B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.297B $429.7M
YoY Change
Total Liabilities & Shareholders Equity $5.109B $986.0M
YoY Change 418.16% 125.11%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income -$92.58M -$24.01M
YoY Change 285.65% 238.11%
Depreciation, Depletion And Amortization $9.100M $4.300M
YoY Change 111.63% -4.87%
Cash From Operating Activities -$4.710M $2.290M
YoY Change -305.68% -135.29%
INVESTING ACTIVITIES
Capital Expenditures -$10.40M -$6.420M
YoY Change 61.99% 1.9%
Acquisitions
YoY Change
Other Investing Activities -$821.3M -$110.8M
YoY Change 641.54% 326.29%
Cash From Investing Activities -$831.7M -$117.2M
YoY Change 609.73% 263.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 994.3M 490.0M
YoY Change 102.92% 3826.2%
NET CHANGE
Cash From Operating Activities -4.710M 2.290M
Cash From Investing Activities -831.7M -117.2M
Cash From Financing Activities 994.3M 490.0M
Net Change In Cash 157.9M 375.1M
YoY Change -57.89% -1527.32%
FREE CASH FLOW
Cash From Operating Activities -$4.710M $2.290M
Capital Expenditures -$10.40M -$6.420M
Free Cash Flow $5.690M $8.710M
YoY Change -34.67% -4684.21%

Facts In Submission

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CY2018Q1 twlo Adjustment To Additional Paid In Capital Vesting Of Early Exercised Stock Options
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CY2018Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2018Q1 us-gaap Stockholders Equity
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CY2018Q2 twlo Adjustment To Additional Paid In Capital Vesting Of Early Exercised Stock Options
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CY2018Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
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CY2018Q2 twlo Adjustments To Additional Paid In Capital Debt Conversion Option Issuance Costs
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CY2018Q2 twlo Adjustments To Additional Paid In Capital Capped Call Option Issuance Costs
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152000 USD
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CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2018Q2 us-gaap Stockholders Equity
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us-gaap Profit Loss
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10707000 USD
us-gaap Amortization Of Leased Asset
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2948000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
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237000 USD
us-gaap Amortization Of Financing Costs
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us-gaap Share Based Compensation
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38546000 USD
twlo Stock Offering Costs Accrued But Not Yet Paid
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us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
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1515000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
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53502000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
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us-gaap Asset Impairment Charges
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us-gaap Asset Impairment Charges
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us-gaap Other Tax Expense Benefit
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us-gaap Other Tax Expense Benefit
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us-gaap Increase Decrease In Accounts Receivable
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22523000 USD
us-gaap Increase Decrease In Accounts Receivable
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26048000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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15688000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2847000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
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5969000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
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1908000 USD
us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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12566000 USD
us-gaap Increase Decrease In Accrued Liabilities
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13976000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
28040000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
1927000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
3300000 USD
twlo Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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twlo Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
0 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
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us-gaap Increase Decrease In Other Noncurrent Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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19225000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Investments
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us-gaap Payments To Acquire Investments
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us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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58520000 USD
us-gaap Payments To Develop Software
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10520000 USD
us-gaap Payments To Develop Software
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us-gaap Payments To Acquire Productive Assets
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7882000 USD
us-gaap Payments To Acquire Productive Assets
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Initial Public Offering
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us-gaap Proceeds From Issuance Initial Public Offering
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us-gaap Payments Of Stock Issuance Costs
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us-gaap Payments Of Stock Issuance Costs
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CY2018Q2 us-gaap Contract With Customer Liability Revenue Recognized
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3600000 USD
us-gaap Proceeds From Convertible Debt
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us-gaap Proceeds From Convertible Debt
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550000000 USD
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us-gaap Payments Of Debt Issuance Costs
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twlo Payments For Capped Call Options
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twlo Payments For Capped Call Options
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us-gaap Repayments Of Notes Payable
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us-gaap Repayments Of Notes Payable
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us-gaap Repayments Of Long Term Capital Lease Obligations
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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0 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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818000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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31439000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
378227000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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536773000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Income Taxes Paid Net
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us-gaap Income Taxes Paid Net
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321000 USD
twlo Cash Paid On Finance Leases
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337000 USD
twlo Cash Paid On Finance Leases
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0 USD
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1831000 USD
twlo Purchases Of Property Equipment And Intangible Assets Accrued But Not Paid
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572000 USD
twlo Purchases Of Property Equipment Through Financing Lease
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13616000 USD
twlo Purchases Of Property Equipment Through Financing Lease
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0 USD
twlo Business Combination Consideration Withheld
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4230000 USD
us-gaap Goodwill Purchase Accounting Adjustments
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2843392000 USD
us-gaap Goodwill Purchase Accounting Adjustments
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0 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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2909000 USD
twlo Debt Offering Costs Accrued But Not Yet Paid
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0 USD
twlo Debt Offering Costs Accrued But Not Yet Paid
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467000 USD
twlo Stock Offering Costs Accrued But Not Yet Paid
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us-gaap Contract With Customer Liability Revenue Recognized
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us-gaap Contract With Customer Liability Revenue Recognized
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7200000 USD
us-gaap Nature Of Operations
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Organization and Description of Business<div style="line-height:120%;padding-top:16px;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Twilio Inc. (the “Company”) was incorporated in the state of Delaware on March 13, 2008. The Company is the leader in the Cloud Communications Platform category and enables developers to build, scale and operate real-time communications within their software applications via simple-to-use Application Programming Interfaces (“API”). The power, flexibility, and reliability offered by the Company’s software building blocks empower entities of virtually every shape and size to build world-class engagement into their customer experience.</span></div><div style="line-height:120%;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company’s headquarters are located in San Francisco, California, and the Company has subsidiaries in Australia, Bermuda, Colombia, Czech Republic, Estonia, France, Germany, Hong Kong, Ireland, Japan, the Netherlands, Singapore, Spain, Sweden, United Kingdom and the United States.</span></div>
us-gaap Use Of Estimates
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<span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</span><div style="line-height:120%;padding-top:16px;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates are used for, but not limited to, revenue allowances and returns; recoverability of long-lived and intangible assets; capitalization and useful life of the Company’s capitalized internal-use software development costs; fair value of acquired intangible assets and goodwill; accruals and contingencies. Estimates are based on historical experience and on various assumptions that the Company believes are reasonable under current circumstances. However, future events are subject to change and best estimates and judgments may require further adjustments; therefore, actual results could differ materially from those estimates. Management periodically evaluates such estimates and they are adjusted prospectively based upon such periodic evaluation.</span></div>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentration of Credit Risk</span><div style="line-height:120%;padding-top:16px;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial instruments that potentially expose the Company to a concentration of credit risk consist primarily of cash, cash equivalents, marketable securities, restricted cash and accounts receivable. The Company maintains cash, cash equivalents, marketable securities and restricted cash with financial institutions that management believes are financially sound and have minimal credit risk exposure although the balances will exceed insured limits.</span></div>The Company sells its services to a wide variety of customers. If the financial condition or results of operations of any significant customers deteriorate substantially, operating results could be adversely affected. To reduce credit risk, management performs ongoing credit evaluations of the financial condition of significant customers. The Company does not require collateral from its credit customers and maintains reserves for estimated credit losses on customer accounts when considered necessary. Actual credit losses may differ from the Company’s estimates.
CY2019Q2 us-gaap Contract With Customer Liability Revenue Recognized
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CY2018Q4 us-gaap Capitalized Contract Cost Net
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CY2019Q2 us-gaap Capitalized Contract Cost Amortization
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us-gaap Capitalized Contract Cost Amortization
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CY2018Q2 us-gaap Capitalized Contract Cost Amortization
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us-gaap Capitalized Contract Cost Amortization
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500000 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
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CY2019Q1 us-gaap Operating Lease Liability
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CY2019Q1 us-gaap Deferred Rent Credit
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CY2019Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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CY2019Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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1344027000 USD
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2665000 USD
CY2019Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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310000 USD
CY2019Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
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11000 USD
CY2019Q2 us-gaap Available For Sale Securities Debt Securities
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CY2019Q2 twlo Debt Securities Available For Sale Privately Held Amortized Cost
DebtSecuritiesAvailableForSalePrivatelyHeldAmortizedCost
5000000 USD
CY2019Q2 twlo Debt Securities Available For Sale Privately Held Amortized Cost
DebtSecuritiesAvailableForSalePrivatelyHeldAmortizedCost
5000000 USD
CY2019Q2 twlo Financial Assets Amortized Cost Or Carrying Value
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CY2019Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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2665000 USD
CY2019Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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310000 USD
CY2019Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
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11000 USD
CY2019Q2 us-gaap Assets Fair Value Disclosure
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1816680000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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CY2018Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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465217000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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261468000 USD
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23000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
130000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
233000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities
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CY2018Q4 twlo Financial Assets Amortized Cost Or Carrying Value
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CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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23000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
130000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
233000 USD
CY2018Q4 us-gaap Assets Fair Value Disclosure
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726345000 USD
CY2019Q2 us-gaap Investment Income Interest
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2600000 USD
us-gaap Investment Income Interest
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4100000 USD
CY2018Q2 us-gaap Investment Income Interest
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700000 USD
us-gaap Investment Income Interest
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1400000 USD
CY2019Q2 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
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687642000 USD
CY2019Q2 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
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688388000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
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261468000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
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261128000 USD
CY2019Q2 twlo Available For Sale Securities Debt Maturities Rolling Year Two Amortized Cost Basis
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656385000 USD
CY2019Q2 twlo Available For Sale Securities Debt Maturities Rolling Year Two Fair Value
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657983000 USD
CY2018Q4 twlo Available For Sale Securities Debt Maturities Rolling Year Two Amortized Cost Basis
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0 USD
CY2018Q4 twlo Available For Sale Securities Debt Maturities Rolling Year Two Fair Value
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0 USD
CY2019Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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1344027000 USD
CY2019Q2 us-gaap Available For Sale Securities Debt Securities
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1346371000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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261468000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities
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261128000 USD
CY2019Q2 us-gaap Notes Receivable Fair Value Disclosure
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5000000.0 USD
CY2019Q2 us-gaap Property Plant And Equipment Gross
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167306000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
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108270000 USD
CY2019Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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60826000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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44736000 USD
CY2019Q2 us-gaap Property Plant And Equipment Net
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106480000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
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63534000 USD
CY2019Q2 us-gaap Depreciation
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9100000 USD
us-gaap Depreciation
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16700000 USD
CY2018Q2 us-gaap Depreciation
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4300000 USD
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.058
CY2019Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.052
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1600000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3200000 USD
CY2019Q2 us-gaap Capitalized Computer Software Amortization1
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4300000 USD
us-gaap Depreciation
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8500000 USD
CY2019Q2 us-gaap Capitalized Computer Software Additions
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6700000 USD
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
13700000 USD
CY2018Q2 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
6700000 USD
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
13100000 USD
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1500000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2900000 USD
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
8100000 USD
CY2018Q2 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
3000000.0 USD
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
5700000 USD
CY2019Q2 us-gaap Property Subject To Or Available For Operating Lease Number Of Units
PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits
19 property
CY2019Q2 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
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us-gaap Operating Lease Cost
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FinanceLeaseRightOfUseAssetAmortization
1526000 USD
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FinanceLeaseRightOfUseAssetAmortization
2689000 USD
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FinanceLeaseInterestExpense
189000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
337000 USD
CY2019Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1905000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
3340000 USD
CY2019Q2 us-gaap Variable Lease Cost
VariableLeaseCost
1080000 USD
us-gaap Variable Lease Cost
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1567000 USD
CY2019Q2 us-gaap Lease Cost
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us-gaap Lease Cost
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23379000 USD
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151946000 USD
CY2019Q2 us-gaap Finance Lease Right Of Use Asset
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12970000 USD
CY2019Q2 twlo Lease Right Of Use Asset
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164916000 USD
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21858000 USD
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5920000 USD
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7752000 USD
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174349000 USD
CY2019Q2 twlo Lessee Operating Lease Accumulated Amortization
LesseeOperatingLeaseAccumulatedAmortization
10800000 USD
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P6Y9M18D
CY2019Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y1M6D
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LesseeFinanceLeaseAccumulatedDepreciation
2700000 USD
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12145000 USD
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337000 USD
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2463000 USD
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14523000 USD
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FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
3278000 USD
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30523000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
6015000 USD
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28791000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
3130000 USD
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807000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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27762000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
413000 USD
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68106000 USD
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FinanceLeaseLiabilityPaymentsDueAfterYearFive
1316000 USD
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197954000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
14959000 USD
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37277000 USD
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1287000 USD
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OperatingLeaseLiability
160677000 USD
CY2019Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
13672000 USD
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21858000 USD
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FinanceLeaseLiabilityCurrent
5920000 USD
CY2019Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
138819000 USD
CY2019Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
7752000 USD
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OperatingLeasesRentExpenseNet
2100000 USD
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OperatingLeasesRentExpenseNet
4200000 USD
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24128000 USD
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CapitalLeasesFutureMinimumPaymentsRemainderOfFiscalYear
306000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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29527000 USD
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512000 USD
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30898000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
573000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
30492000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
590000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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30122000 USD
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608000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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81316000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
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1939000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
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226483000 USD
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4528000 USD
CY2019Q2 twlo Business Combination Consideration Transferred Amount Held For Tax Liabilities
BusinessCombinationConsiderationTransferredAmountHeldForTaxLiabilities
200000 USD
twlo Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Release Of Valuation Allowance On Deferred Tax Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedReleaseOfValuationAllowanceOnDeferredTaxAssets
48600000 USD
CY2019Q2 us-gaap Intangible Assets Net Excluding Goodwill
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485410000 USD
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41382000 USD
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FiniteLivedIntangibleAssetsAccumulatedAmortization
14119000 USD
CY2019Q2 twlo Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Release Of Valuation Allowance On Deferred Tax Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedReleaseOfValuationAllowanceOnDeferredTaxAssets
600000 USD
twlo Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Release Of Valuation Allowance On Deferred Tax Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedReleaseOfValuationAllowanceOnDeferredTaxAssets
48600000 USD
CY2019Q2 us-gaap Business Acquisitions Pro Forma Revenue
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275039000 USD
CY2018Q2 us-gaap Business Acquisitions Pro Forma Revenue
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BusinessAcquisitionsProFormaRevenue
521924000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
345114000 USD
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-82880000 USD
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-53858000 USD
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-155840000 USD
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CY2018Q4 us-gaap Goodwill
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38165000 USD
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2246398000 USD
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CY2019Q2 us-gaap Goodwill
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47052000 USD
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532462000 USD
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47052000 USD
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FiniteLivedIntangibleAssetsNet
27263000 USD
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72786000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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143222000 USD
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485115000 USD
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41677000 USD
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14119000 USD
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27558000 USD
CY2019Q2 us-gaap Amortization Of Intangible Assets
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19300000 USD
us-gaap Amortization Of Intangible Assets
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32900000 USD
CY2018Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1400000 USD
us-gaap Amortization Of Intangible Assets
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2800000 USD
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39878000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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77882000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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76371000 USD
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74976000 USD
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15717000 USD
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9886000 USD
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8564000 USD
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34523000 USD
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29901000 USD
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27499000 USD
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23631000 USD
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4004000 USD
CY2018Q4 us-gaap Other Employee Related Liabilities Current
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2672000 USD
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0 USD
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2528000 USD
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1418000 USD
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9077000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Noncurrent
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5181000 USD
CY2019Q2 twlo Business Combination Consideration Holdback Non Current
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4280000 USD
CY2018Q4 twlo Business Combination Consideration Holdback Non Current
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2290000 USD
CY2019Q2 us-gaap Capital Lease Obligations Noncurrent
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2122000 USD
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0.057
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2217000 USD
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2240000 USD
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0 USD
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22140000 USD
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18054000 USD
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117625000 USD
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96343000 USD
CY2019Q2 us-gaap Deferred Rent Credit Noncurrent
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CY2018Q4 us-gaap Deferred Rent Credit Noncurrent
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4281000 USD
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4945000 USD
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1033000 USD
CY2019Q2 twlo Provision For Doubtful Accounts And Other
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685000 USD
CY2018Q2 twlo Provision For Doubtful Accounts And Other
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1140000 USD
twlo Provision For Doubtful Accounts And Other
ProvisionForDoubtfulAccountsAndOther
381000 USD
twlo Provision For Doubtful Accounts And Other
ProvisionForDoubtfulAccountsAndOther
1515000 USD
CY2019Q2 twlo Provision For Doubtful Accounts Assumed In Acquisition
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0 USD
CY2018Q2 twlo Provision For Doubtful Accounts Assumed In Acquisition
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0 USD
twlo Provision For Doubtful Accounts Assumed In Acquisition
ProvisionForDoubtfulAccountsAssumedInAcquisition
59000 USD
twlo Provision For Doubtful Accounts Assumed In Acquisition
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0 USD
CY2019Q2 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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193000 USD
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8000 USD
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612000 USD
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12000 USD
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4773000 USD
CY2018Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
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2536000 USD
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4773000 USD
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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95515583 shares
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
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129064000 USD
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38546000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
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70740000 USD
CY2018Q2 us-gaap Allocated Share Based Compensation Expense
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21006000 USD
CY2018Q2 us-gaap Earnings Per Share Basic And Diluted
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22557419 shares
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18000080 shares
CY2019Q2 us-gaap Debt Instrument Convertible Conversion Price1
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70.90
CY2019Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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CY2018Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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39692245 shares
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124.00
CY2019Q2 us-gaap Proceeds From Issuance Initial Public Offering
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979000000.0 USD
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1000802 shares
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939698 shares
CY2019Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
3200000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P0Y4M24D
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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275039000 USD
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147754000 USD
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508178000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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276870000 USD
CY2019Q2 twlo Unrecorded Unconditional Purchase Obligations Additions
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9700000 USD
twlo Unrecorded Unconditional Purchase Obligations Additions
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11100000 USD
CY2019Q1 us-gaap Litigation Settlement Amount Awarded To Other Party
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10000000.0 USD
CY2019Q2 us-gaap Litigation Reserve
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1700000 USD
CY2019Q2 us-gaap Other Liabilities Current
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26100000 USD
CY2018Q4 us-gaap Other Liabilities Current
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22600000 USD
CY2018Q4 us-gaap Preferred Stock Shares Authorized
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100000000 shares
CY2019Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2019Q2 us-gaap Preferred Stock Shares Issued
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0 shares
CY2019Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2019Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
129310641 shares
CY2018Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
96348356 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
122985716 shares
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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-92579000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-24006000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-129082000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-47735000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
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-2033000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
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150000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
287000 USD
CY2019Q2 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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-1100000 USD
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-52700000 USD

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0001447669-19-000017.txt Edgar Link pending
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