2021 Q3 Form 10-Q Financial Statement

#000144766921000266 Filed on October 28, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q4 2020 Q3
Revenue $740.2M $548.1M $448.0M
YoY Change 65.23% 65.49% 51.82%
Cost Of Revenue $375.6M $266.0M $217.1M
YoY Change 72.99% 69.97% 58.57%
Gross Profit $364.6M $282.1M $230.9M
YoY Change 57.93% 61.48% 45.97%
Gross Profit Margin 49.26% 51.47% 51.54%
Selling, General & Admin $387.1M $286.7M $206.5M
YoY Change 87.45% 90.25% 39.2%
% of Gross Profit 106.16% 101.63% 89.44%
Research & Development $209.9M $158.9M $136.7M
YoY Change 53.59% 44.19% 30.79%
% of Gross Profit 57.56% 56.33% 59.19%
Depreciation & Amortization $14.55M $51.59M $12.84M
YoY Change 13.26% 65.72% 32.4%
% of Gross Profit 3.99% 18.29% 5.56%
Operating Expenses $597.0M $460.8M $343.1M
YoY Change 73.97% 71.62% 35.72%
Operating Profit -$232.3M -$178.7M -$112.3M
YoY Change 106.95% 90.51% 18.6%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$6.613M -$9.400M -$3.996M
YoY Change 65.49% -300.0% -191.3%
Pretax Income -$239.0M -$194.7M -$116.3M
YoY Change 105.53% 118.52% 28.77%
Income Tax -$14.80M -$15.40M $600.0K
% Of Pretax Income
Net Earnings -$224.1M -$179.4M -$116.9M
YoY Change 91.69% 98.89% 33.26%
Net Earnings / Revenue -30.28% -32.73% -26.1%
Basic Earnings Per Share -$1.26 -$0.79
Diluted Earnings Per Share -$1.26 -$1.133M -$0.79
COMMON SHARES
Basic Shares Outstanding 177.2M shares 147.5M shares
Diluted Shares Outstanding 177.2M shares 147.5M shares

Balance Sheet

Concept 2021 Q3 2020 Q4 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.394B $3.040B $3.299B
YoY Change 63.53% 64.07% 75.3%
Cash & Equivalents $1.497B $933.9M $1.127B
Short-Term Investments $3.897B $2.106B $2.172B
Other Short-Term Assets $165.8M $81.00M $66.00M
YoY Change 151.15% 47.27% 20.0%
Inventory
Prepaid Expenses
Receivables $345.8M $251.2M $203.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.906B $3.372B $3.569B
YoY Change 65.47% 63.6% 72.55%
LONG-TERM ASSETS
Property, Plant & Equipment $485.8M $442.0M $366.0M
YoY Change 32.74% 212.91% 208.91%
Goodwill $5.263B $4.595B $2.292B
YoY Change 129.67% 100.08% 0.36%
Intangibles $1.103B $966.6M $404.4M
YoY Change 172.64% 109.74% -13.08%
Long-Term Investments
YoY Change
Other Assets $219.6M $111.3M $92.64M
YoY Change 137.02% 231.64% 249.88%
Total Long-Term Assets $7.071B $6.115B $3.155B
YoY Change 124.14% 97.95% 3.71%
TOTAL ASSETS
Total Short-Term Assets $5.906B $3.372B $3.569B
Total Long-Term Assets $7.071B $6.115B $3.155B
Total Assets $12.98B $9.487B $6.724B
YoY Change 93.0% 84.2% 31.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $76.29M $60.04M $39.88M
YoY Change 91.31% 53.56% 53.69%
Accrued Expenses $409.3M $292.0M $244.0M
YoY Change 67.74% 66.86% 54.43%
Deferred Revenue $121.3M $87.03M $33.92M
YoY Change 257.76% 230.14% 30.37%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $10.15M $9.000M $9.000M
YoY Change 12.78% 28.57% 28.57%
Total Short-Term Liabilities $617.1M $448.3M $326.3M
YoY Change 89.08% 81.34% 50.93%
LONG-TERM LIABILITIES
Long-Term Debt $1.006B $320.0M $449.0M
YoY Change 124.01% -31.48% -2.39%
Other Long-Term Liabilities $49.19M $36.63M $19.96M
YoY Change 146.48% 106.42% 39.16%
Total Long-Term Liabilities $49.19M $36.63M $19.96M
YoY Change 146.48% 106.42% 39.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $617.1M $448.3M $326.3M
Total Long-Term Liabilities $49.19M $36.63M $19.96M
Total Liabilities $1.895B $1.035B $961.4M
YoY Change 97.11% 18.79% 16.44%
SHAREHOLDERS EQUITY
Retained Earnings -$1.828B -$1.170B -$990.4M
YoY Change 84.59% 72.33% 68.3%
Common Stock $12.91B $9.613B $6.742B
YoY Change 91.49% 94.09% 38.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.08B $8.453B $5.762B
YoY Change
Total Liabilities & Shareholders Equity $12.98B $9.487B $6.724B
YoY Change 93.0% 84.2% 31.57%

Cashflow Statement

Concept 2021 Q3 2020 Q4 2020 Q3
OPERATING ACTIVITIES
Net Income -$224.1M -$179.4M -$116.9M
YoY Change 91.69% 98.89% 33.26%
Depreciation, Depletion And Amortization $14.55M $51.59M $12.84M
YoY Change 13.26% 65.72% 32.4%
Cash From Operating Activities -$46.17M $14.90M $3.840M
YoY Change -1302.37% 23.86% -75.76%
INVESTING ACTIVITIES
Capital Expenditures -$35.52M -$13.76M -$14.92M
YoY Change 138.08% -56.3% -14.25%
Acquisitions
YoY Change
Other Investing Activities -$234.7M -$211.1M -$750.8M
YoY Change -68.74% 194.93% 269.03%
Cash From Investing Activities -$270.2M -$224.9M -$765.7M
YoY Change -64.71% 118.19% 246.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 14.44M 16.75M 1.413B
YoY Change -98.98% 18.63% -129757.8%
NET CHANGE
Cash From Operating Activities -46.17M 14.90M 3.840M
Cash From Investing Activities -270.2M -224.9M -765.7M
Cash From Financing Activities 14.44M 16.75M 1.413B
Net Change In Cash -302.0M -193.3M 651.4M
YoY Change -146.36% 151.22% -416.06%
FREE CASH FLOW
Cash From Operating Activities -$46.17M $14.90M $3.840M
Capital Expenditures -$35.52M -$13.76M -$14.92M
Free Cash Flow -$10.65M $28.66M $18.76M
YoY Change -156.76% -34.15% -43.56%

Facts In Submission

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us-gaap Nature Of Operations
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Organization and Description of Business<div style="margin-top:12pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Twilio Inc. (the “Company”) was incorporated in the state of Delaware on March 13, 2008. The Company is the leading cloud communications platform and enables developers to build, scale and operate real-time customer engagement 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="margin-top:12pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s headquarters are located in San Francisco, California, and the Company has subsidiaries in Australia, Bermuda, Brazil, Canada, Colombia, Czech Republic, Estonia, France, Germany, Hong Kong, India, Ireland, Japan, Mexico, the Netherlands, Poland, Serbia, Singapore, Spain, Sweden, the United Kingdom and the United States.</span></div>
us-gaap Use Of Estimates
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Use of EstimatesThe 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, 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, allowances for doubtful accounts and customer credit reserves; 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.
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Concentration of Credit RiskFinancial instruments that potentially expose the Company to a concentration of credit risk consist primarily of cash, cash equivalents, marketable securities and accounts receivable. The Company maintains cash, cash equivalents and marketable securities with financial institutions that management believes are financially sound and have minimal credit risk exposure although the balances will exceed insured limits.The Company sells its services to a wide variety of customers. If the financial condition or results of operations of any significant customer deteriorates substantially, the Company’s results of operations could be adversely affected. To reduce credit risk, management performs 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.
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AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
8538000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
136000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2105906000 USD
CY2020Q4 twlo Financial Assets Amortized Cost Or Carrying Value
FinancialAssetsAmortizedCostOrCarryingValue
2756253000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
8538000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
136000 USD
CY2020Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
2764655000 USD
CY2021Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
16200000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
39500000 USD
CY2020Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
7100000 USD
CY2020Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
9300000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis
1119954000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
1121537000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis
1126091000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
1128927000 USD
CY2021Q3 twlo Available For Sale Securities Debt Maturities Rolling Year Two Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoAmortizedCostBasis
2774564000 USD
CY2021Q3 twlo Available For Sale Securities Debt Maturities Rolling Year Two Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoFairValue
2775217000 USD
CY2020Q4 twlo Available For Sale Securities Debt Maturities Rolling Year Two Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoAmortizedCostBasis
971413000 USD
CY2020Q4 twlo Available For Sale Securities Debt Maturities Rolling Year Two Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoFairValue
976979000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
3894518000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
3896754000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
2097504000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2105906000 USD
CY2021Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
66300000 USD
CY2021Q3 us-gaap Depreciation
Depreciation
14546000 USD
CY2021Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2020Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2021Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
3100000 USD
CY2021Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
412466000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
313323000 USD
CY2021Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
175225000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
130084000 USD
CY2021Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
237241000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
183239000 USD
CY2020Q3 us-gaap Depreciation
Depreciation
12843000 USD
us-gaap Depreciation
Depreciation
43198000 USD
us-gaap Depreciation
Depreciation
36674000 USD
CY2021Q3 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
17999000 USD
CY2020Q3 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
12172000 USD
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
49527000 USD
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
36738000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
5198000 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3696000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
14938000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
10711000 USD
CY2021Q3 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
4419000 USD
CY2020Q3 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
4380000 USD
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
13270000 USD
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
13389000 USD
CY2021Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
802000 USD
CY2020Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1195000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
3340000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
3698000 USD
CY2021Q3 us-gaap Variable Lease Cost
VariableLeaseCost
2389000 USD
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
2066000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
7322000 USD
twlo Lessee Operating Lease Number Of Contracts
LesseeOperatingLeaseNumberOfContracts
32 property
CY2021Q3 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
16141000 USD
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
12127000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
45519000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
35048000 USD
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2905000 USD
CY2020Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2384000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
8389000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
6118000 USD
CY2021Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
282000 USD
CY2020Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
212000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
805000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
604000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
5246000 USD
CY2021Q3 twlo Lease Right Of Use Asset
LeaseRightOfUseAsset
277609000 USD
CY2020Q4 twlo Lease Right Of Use Asset
LeaseRightOfUseAsset
284381000 USD
CY2021Q3 us-gaap Lease Cost
LeaseCost
22519000 USD
CY2020Q3 us-gaap Lease Cost
LeaseCost
17984000 USD
us-gaap Lease Cost
LeaseCost
65375000 USD
us-gaap Lease Cost
LeaseCost
50714000 USD
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
248582000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
258610000 USD
CY2021Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
29027000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
25771000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
50760000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
48338000 USD
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
10150000 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
9062000 USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
223033000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
10681000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
229905000 USD
CY2021Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
20254000 USD
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
17856000 USD
CY2021Q3 twlo Lease Liability
LeaseLiability
304197000 USD
CY2020Q4 twlo Lease Liability
LeaseLiability
305161000 USD
CY2021Q3 twlo Lessee Operating Lease Accumulated Amortization
LesseeOperatingLeaseAccumulatedAmortization
88900000 USD
CY2020Q4 twlo Lessee Operating Lease Accumulated Amortization
LesseeOperatingLeaseAccumulatedAmortization
57100000 USD
CY2021Q3 twlo Lessee Finance Lease Accumulated Depreciation
LesseeFinanceLeaseAccumulatedDepreciation
23400000 USD
CY2020Q4 twlo Lessee Finance Lease Accumulated Depreciation
LesseeFinanceLeaseAccumulatedDepreciation
15000000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
44551000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
34124000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
788000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
604000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
8343000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
5721000 USD
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y8M12D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y7M6D
CY2021Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y1M6D
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y4M24D
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.045
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.053
CY2021Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.035
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.041
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
14742000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
2920000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
63245000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
55476000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
9934000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
50857000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
6693000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
37706000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
1394000 USD
CY2021Q3 twlo Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
89223000 USD
CY2021Q3 twlo Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
518000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
311249000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
32140000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
37456000 USD
CY2021Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
1736000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
273793000 USD
CY2021Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
30404000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
50760000 USD
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
10150000 USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
223033000 USD
CY2021Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
20254000 USD
CY2021Q3 twlo Lessee Operating Lease Lease Not Yet Commenced Liability
LesseeOperatingLeaseLeaseNotYetCommencedLiability
11000000 USD
CY2021Q3 us-gaap Lessee Operating Lease Lease Not Yet Commenced Term Of Contract1
LesseeOperatingLeaseLeaseNotYetCommencedTermOfContract1
P6Y2M12D
CY2021Q3 twlo Lessee Finance Lease Lease Not Yet Commenced Liability
LesseeFinanceLeaseLeaseNotYetCommencedLiability
10500000 USD
CY2021Q3 us-gaap Lessee Finance Lease Lease Not Yet Commenced Term Of Contract1
LesseeFinanceLeaseLeaseNotYetCommencedTermOfContract1
P4Y
CY2020Q4 us-gaap Goodwill
Goodwill
4595394000 USD
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
667657000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
5263051000 USD
CY2021Q3 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
36155000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1429506000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
332122000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1097384000 USD
CY2021Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1434721000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
332122000 USD
CY2021Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1102599000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1147219000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
185861000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
961358000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1152434000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
185861000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
966573000 USD
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
55700000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
146300000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20400000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
61300000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
52554000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
204832000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
201522000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
195948000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
192374000 USD
CY2021Q3 twlo Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
250154000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1097384000 USD
CY2021Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
66094000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
54683000 USD
CY2020Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
25341000 USD
CY2021Q3 twlo Accrued Cost Of Revenue Current
AccruedCostOfRevenueCurrent
115996000 USD
CY2020Q4 twlo Accrued Cost Of Revenue Current
AccruedCostOfRevenueCurrent
80620000 USD
CY2021Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
63660000 USD
CY2020Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
48390000 USD
CY2021Q3 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
19354000 USD
CY2020Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
6272000 USD
CY2021Q3 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
10150000 USD
CY2020Q4 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
9062000 USD
CY2021Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
57274000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
28527000 USD
CY2021Q3 twlo Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
368683000 USD
CY2020Q4 twlo Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
252895000 USD
CY2021Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
9809000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
21882000 USD
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
15413000 USD
CY2021Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
20446000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
13684000 USD
CY2021Q3 twlo Business Combination Consideration Holdback Non Current
BusinessCombinationConsiderationHoldbackNonCurrent
8502000 USD
CY2020Q4 twlo Business Combination Consideration Holdback Non Current
BusinessCombinationConsiderationHoldbackNonCurrent
8800000 USD
CY2021Q3 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
20243000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
14149000 USD
CY2021Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
49191000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
36633000 USD
CY2020Q3 twlo Provision For Doubtful Accounts And Other
ProvisionForDoubtfulAccountsAndOther
1312000 USD
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
985547000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
302068000 USD
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
10248000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
12046000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
6287000 USD
CY2021Q3 twlo Provision For Doubtful Accounts And Other
ProvisionForDoubtfulAccountsAndOther
4122000 USD
twlo Provision For Doubtful Accounts And Other
ProvisionForDoubtfulAccountsAndOther
13490000 USD
twlo Provision For Doubtful Accounts And Other
ProvisionForDoubtfulAccountsAndOther
8472000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
2703000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
832000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
8704000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
4031000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
16832000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
10728000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
16832000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
10728000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
740176000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
447969000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1999095000 USD
CY2021Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q3 us-gaap Unrecorded Unconditional Purchase Obligation Term
UnrecordedUnconditionalPurchaseObligationTerm
P4Y
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1213686000 USD
us-gaap Unrecorded Unconditional Purchase Obligation Term
UnrecordedUnconditionalPurchaseObligationTerm
P4Y
CY2021Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
9000000 USD
CY2020Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
447000000 USD
CY2021Q3 twlo Taxes Payable Jurisdictional Estimate
TaxesPayableJurisdictionalEstimate
38800000 USD
CY2021Q3 twlo Taxes Payable Jurisdictional Estimate
TaxesPayableJurisdictionalEstimate
38800000 USD
CY2021Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
11500000 USD
CY2021Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2021Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
43692856 shares
CY2020Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
45310099 shares
twlo Share Based Compensation Arrangement By Share Based Payment Award Stock Plan Offering Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardStockPlanOfferingPeriod
P6M
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
1495055000 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
164043000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
89410000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
445366000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
237822000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-224109000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-224109000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-116914000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-116914000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-658504000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-658504000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-311628000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-311628000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
177231285 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
177231285 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
147501075 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
147501075 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
172605371 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
172605371 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
142832021 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
142832021 shares
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.26
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.26
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.79
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.79
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.82
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.82
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.18
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.18
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12145674 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
18819665 shares
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-14800000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-12700000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
600000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1900000 USD

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