2019 Q1 Form 10-Q Financial Statement

#000162828019006333 Filed on May 09, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $233.1M $129.1M
YoY Change 80.57% 47.73%
Cost Of Revenue $107.1M $59.58M
YoY Change 79.73% 59.74%
Gross Profit $126.1M $69.53M
YoY Change 81.28% 38.79%
Gross Profit Margin 54.07% 53.85%
Selling, General & Admin $135.8M $56.22M
YoY Change 141.54% 46.78%
% of Gross Profit 107.72% 80.85%
Research & Development $77.86M $37.58M
YoY Change 107.19% 41.8%
% of Gross Profit 61.77% 54.04%
Depreciation & Amortization $21.25M $5.631M
YoY Change 277.34% 42.2%
% of Gross Profit 16.86% 8.1%
Operating Expenses $213.6M $93.79M
YoY Change 127.78% 44.74%
Operating Profit -$87.59M -$24.26M
YoY Change 261.08% 65.01%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$636.0K $665.0K
YoY Change -195.64% 33.0%
Pretax Income -$88.22M -$23.59M
YoY Change 273.96% 64.98%
Income Tax -$51.70M $137.0K
% Of Pretax Income
Net Earnings -$36.50M -$23.73M
YoY Change 53.83% 67.11%
Net Earnings / Revenue -15.66% -18.38%
Basic Earnings Per Share
Diluted Earnings Per Share -$313.0K -$250.3K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $918.9M $308.0M
YoY Change 198.34% 6.57%
Cash & Equivalents $377.7M $123.2M
Short-Term Investments $541.2M $190.0M
Other Short-Term Assets $39.00M $17.00M
YoY Change 129.41% -26.09%
Inventory
Prepaid Expenses
Receivables $105.1M $57.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.063B $382.0M
YoY Change 178.31% 11.7%
LONG-TERM ASSETS
Property, Plant & Equipment $105.2M $54.00M
YoY Change 94.74% 31.71%
Goodwill $2.277B
YoY Change
Intangibles $503.9M
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.01M $10.00M
YoY Change 30.09% 25.0%
Total Long-Term Assets $3.057B $101.0M
YoY Change 2926.68% 14.77%
TOTAL ASSETS
Total Short-Term Assets $1.063B $382.0M
Total Long-Term Assets $3.057B $101.0M
Total Assets $4.120B $483.0M
YoY Change 753.02% 12.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.42M $18.00M
YoY Change 24.54% 200.0%
Accrued Expenses $128.0M $77.00M
YoY Change 66.23% 24.19%
Deferred Revenue $23.35M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $8.000M
YoY Change
Total Short-Term Liabilities $182.3M $109.0M
YoY Change 67.28% 36.25%
LONG-TERM LIABILITIES
Long-Term Debt $452.0M $0.00
YoY Change
Other Long-Term Liabilities $14.04M $9.000M
YoY Change 55.97% -10.0%
Total Long-Term Liabilities $14.04M $9.000M
YoY Change 55.97% -10.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $182.3M $109.0M
Total Long-Term Liabilities $14.04M $9.000M
Total Liabilities $792.6M $120.0M
YoY Change 560.47% 30.43%
SHAREHOLDERS EQUITY
Retained Earnings -$408.2M
YoY Change
Common Stock $3.733B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.328B $362.5M
YoY Change
Total Liabilities & Shareholders Equity $4.120B $483.0M
YoY Change 753.02% 12.33%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income -$36.50M -$23.73M
YoY Change 53.83% 67.11%
Depreciation, Depletion And Amortization $21.25M $5.631M
YoY Change 277.34% 42.2%
Cash From Operating Activities -$9.113M $16.94M
YoY Change -153.81% 594.1%
INVESTING ACTIVITIES
Capital Expenditures $2.653M $940.0K
YoY Change 182.23% -110.89%
Acquisitions -$156.8M $0.00
YoY Change
Other Investing Activities -$122.2M -$15.09M
YoY Change 709.81% -92.2%
Cash From Investing Activities -$130.2M -$20.94M
YoY Change 521.78% -89.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $12.81M $6.307M
YoY Change 103.12% -48.89%
NET CHANGE
Cash From Operating Activities -$9.113M $16.94M
Cash From Investing Activities -$130.2M -$20.94M
Cash From Financing Activities $12.81M $6.307M
Net Change In Cash -$126.5M $2.451M
YoY Change -5261.28% -101.31%
FREE CASH FLOW
Cash From Operating Activities -$9.113M $16.94M
Capital Expenditures $2.653M $940.0K
Free Cash Flow -$11.77M $16.00M
YoY Change -173.56% 44.5%

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CY2019Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
11734000 USD
CY2018Q1 us-gaap Depreciation
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4200000 USD
CY2019Q1 us-gaap Depreciation
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7600000 USD
CY2018Q1 us-gaap Depreciation Depletion And Amortization
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5631000 USD
CY2019Q1 us-gaap Depreciation Depletion And Amortization
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21248000 USD
CY2018Q1 us-gaap Earnings Per Share Basic And Diluted
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CY2019Q1 us-gaap Earnings Per Share Basic And Diluted
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CY2018Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
148000 USD
CY2019Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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0 USD
CY2018Q4 us-gaap Employee Related Liabilities Current
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9886000 USD
CY2019Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
16858000 USD
CY2018Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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1400000 USD
CY2018Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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1428000 USD
CY2019Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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1600000 USD
CY2019Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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1623000 USD
CY2019Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P1M13D
CY2019Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
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800000 USD
CY2019Q1 us-gaap Finance Lease Interest Expense
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148000 USD
CY2019Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
148000 USD
CY2019Q1 us-gaap Finance Lease Liability
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15168000 USD
CY2018Q4 us-gaap Finance Lease Liability Current
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0 USD
CY2019Q1 us-gaap Finance Lease Liability Current
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6044000 USD
CY2018Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
0 USD
CY2019Q1 us-gaap Finance Lease Liability Noncurrent
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9124000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
16681000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due After Year Five
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1354000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due Year Five
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413000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
807000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
3130000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Due Year Two
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6015000 USD
CY2019Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
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4962000 USD
CY2019Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
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1513000 USD
CY2019Q1 us-gaap Finance Lease Principal Payments
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961000 USD
CY2019Q1 us-gaap Finance Lease Right Of Use Asset
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15476000 USD
CY2019Q1 us-gaap Finance Lease Right Of Use Asset Amortization
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1163000 USD
CY2019Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.052
CY2019Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term
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P3Y3M18D
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14119000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
27729000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
133755000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
56796000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
68435000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
80123000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
81516000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
83027000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
41382000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
531381000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
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27263000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Net
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503652000 USD
CY2018Q1 us-gaap General And Administrative Expense
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23393000 USD
CY2019Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
64176000 USD
CY2018Q4 us-gaap Goodwill
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38165000 USD
CY2019Q1 us-gaap Goodwill
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2277220000 USD
CY2019Q1 us-gaap Goodwill Acquired During Period
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2239055000 USD
CY2018Q1 us-gaap Gross Profit
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69534000 USD
CY2019Q1 us-gaap Gross Profit
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126050000 USD
CY2018Q1 us-gaap Impairment Of Intangible Assets Finitelived
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182000 USD
CY2019Q1 us-gaap Impairment Of Intangible Assets Finitelived
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245000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-23592000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-88224000 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
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100000 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
137000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-51700000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-51721000 USD
CY2019Q1 us-gaap Intangible Assets Net Excluding Goodwill
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503947000 USD
CY2018Q1 us-gaap Income Taxes Paid Net
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18000 USD
CY2019Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-34000 USD
CY2018Q1 us-gaap Increase Decrease In Accounts Payable
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6703000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Payable
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1161000 USD
CY2018Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
14612000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Receivable
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206000 USD
CY2018Q1 us-gaap Increase Decrease In Accrued Liabilities
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22789000 USD
CY2019Q1 us-gaap Increase Decrease In Accrued Liabilities
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4348000 USD
CY2018Q1 us-gaap Increase Decrease In Other Noncurrent Assets
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1169000 USD
CY2019Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
2959000 USD
CY2018Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
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-499000 USD
CY2019Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-2258000 USD
CY2018Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2512000 USD
CY2019Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
9479000 USD
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
41677000 USD
CY2019Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
531676000 USD
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27558000 USD
CY2018Q1 us-gaap Investment Income Interest
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700000 USD
CY2019Q1 us-gaap Investment Income Interest
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1500000 USD
CY2019Q1 us-gaap Lease Cost
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10406000 USD
CY2019Q1 us-gaap Lessee Leasing Arrangements Operating Leases Renewal Term
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P5Y
CY2019Q1 us-gaap Lessee Leasing Arrangements Operating Leases Term Of Contract
LesseeLeasingArrangementsOperatingLeasesTermOfContract
P10Y
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
204541000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
68033000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
27127000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
27602000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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28062000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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29848000 USD
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LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
23869000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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39444000 USD
CY2018Q4 us-gaap Liabilities
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590475000 USD
CY2019Q1 us-gaap Liabilities
Liabilities
792560000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
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1028710000 USD
CY2019Q1 us-gaap Liabilities And Stockholders Equity
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4120073000 USD
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137810000 USD
CY2019Q1 us-gaap Liabilities Current
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182339000 USD
CY2019Q1 us-gaap Litigation Reserve
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1700000 USD
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10000000 USD
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0 USD
CY2019Q1 us-gaap Long Term Notes Payable
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2773000 USD
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CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
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12811000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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0 USD
CY2019Q1 us-gaap Notes Payable Current
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2087000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
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16936000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2018Q1 us-gaap Net Income Loss
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CY2019Q1 us-gaap Net Income Loss
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CY2018Q1 us-gaap Operating Expenses
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93791000 USD
CY2019Q1 us-gaap Operating Expenses
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213638000 USD
CY2018Q1 us-gaap Operating Income Loss
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-24257000 USD
CY2019Q1 us-gaap Operating Income Loss
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CY2019Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
7173000 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
165097000 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
132000000 USD
CY2018Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
0 USD
CY2019Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
21147000 USD
CY2018Q4 us-gaap Operating Lease Liability Noncurrent
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0 USD
CY2019Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
143950000 USD
CY2019Q1 us-gaap Operating Lease Payments
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3994000 USD
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0 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
156511000 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
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123500000 USD
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0.058
CY2019Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term
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P7Y1M6D
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30122000 USD
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30492000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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30898000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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29527000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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81316000 USD
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24128000 USD
CY2018Q1 us-gaap Operating Leases Rent Expense Net
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2100000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
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18054000 USD
CY2019Q1 us-gaap Other Accrued Liabilities Current
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17545000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Noncurrent
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959000 USD
CY2019Q1 us-gaap Other Accrued Liabilities Noncurrent
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2013000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
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8386000 USD
CY2019Q1 us-gaap Other Assets Noncurrent
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13009000 USD
CY2018Q1 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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CY2019Q1 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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1041000 USD
CY2018Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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731000 USD
CY2019Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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0 USD
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OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
414000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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1041000 USD
CY2018Q4 us-gaap Other Employee Related Liabilities Current
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2672000 USD
CY2019Q1 us-gaap Other Employee Related Liabilities Current
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6501000 USD
CY2018Q4 us-gaap Other Liabilities Current
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22600000 USD
CY2019Q1 us-gaap Other Liabilities Current
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25200000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
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18169000 USD
CY2019Q1 us-gaap Other Liabilities Noncurrent
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14037000 USD
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665000 USD
CY2019Q1 us-gaap Other Nonoperating Income Expense
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CY2019Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
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0 USD
CY2018Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
371000 USD
CY2019Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1062000 USD
CY2018Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
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42693000 USD
CY2019Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
419498000 USD
CY2018Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
CY2019Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2018Q1 us-gaap Payments To Acquire Intangible Assets
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112000 USD
CY2019Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
940000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2653000 USD
CY2018Q1 us-gaap Payments To Develop Software
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4795000 USD
CY2019Q1 us-gaap Payments To Develop Software
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5351000 USD
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.001
CY2019Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
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100000000 shares
CY2019Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2019Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2019Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q4 us-gaap Preferred Stock Value
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0 USD
CY2019Q1 us-gaap Preferred Stock Value
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0 USD
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26893000 USD
CY2019Q1 us-gaap Prepaid Expense And Other Assets Current
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39081000 USD
CY2018Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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27600000 USD
CY2019Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
126810000 USD
CY2018Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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0 USD
CY2019Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
13708000 USD
CY2018Q1 us-gaap Proceeds From Stock Options Exercised
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6678000 USD
CY2019Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
15328000 USD
CY2018Q1 us-gaap Profit Loss
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CY2019Q1 us-gaap Profit Loss
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108270000 USD
CY2019Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
157086000 USD
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63534000 USD
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
105158000 USD
CY2019Q1 us-gaap Property Subject To Or Available For Operating Lease Number Of Units
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20 property
CY2018Q1 us-gaap Provision For Doubtful Accounts
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375000 USD
CY2019Q1 us-gaap Provision For Doubtful Accounts
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11000 USD
CY2018Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
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0 USD
CY2019Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
961000 USD
CY2018Q1 us-gaap Repayments Of Notes Payable
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0 USD
CY2019Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
494000 USD
CY2018Q1 us-gaap Research And Development Expense
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37576000 USD
CY2019Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
77855000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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18119000 USD
CY2019Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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1101000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
129116000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
233139000 USD
CY2018Q1 us-gaap Selling And Marketing Expense
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32822000 USD
CY2019Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
71607000 USD
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
17540000 USD
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
58324000 USD
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
939698 shares
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
1000802 shares
CY2019Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1435000 USD
CY2019Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2658898000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
6678000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
15328000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
359846000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
362540000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
438235000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
3327513000 USD
CY2018Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
23631000 USD
CY2019Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
26578000 USD
CY2018Q1 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
0 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
51644000 USD
CY2019Q1 us-gaap Unrecorded Unconditional Purchase Obligation Term
UnrecordedUnconditionalPurchaseObligationTerm
P24M
CY2019Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-51600000 USD
CY2019Q1 us-gaap Variable Lease Cost
VariableLeaseCost
487000 USD
CY2018Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
94673557 shares
CY2019Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
116590513 shares
CY2019Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-left:0px;padding-top:16px;text-indent:48px;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentration of Credit Risk</font></div><div style="line-height:120%;padding-top:16px;text-indent:48px;font-size:10pt;"><font 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.</font></div><div style="line-height:120%;padding-top:16px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">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&#8217;s estimates. During the three months ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;">, respectively, there was </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> customer organization that accounted for more than 10% of the Company&#8217;s total revenue.</font></div><div style="line-height:120%;padding-top:16px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> customer organization represented more than 10% of the Company&#8217;s gross accounts receivable.</font></div></div>
CY2019Q1 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization and Description of Business</font></div><div style="line-height:120%;padding-top:16px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Twilio&#160;Inc. (the &#8220;Company&#8221;) was incorporated in the state of Delaware on March&#160;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 (&#8220;API&#8221;). The power, flexibility, and reliability offered by the Company&#8217;s software building blocks empower entities of virtually every shape and size to build world-class engagement into their customer experience.</font></div><div style="line-height:120%;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s headquarters are located in San Francisco, California, and the Company has subsidiaries in Australia, Bermuda, Colombia, Czech Republic, Estonia, Germany, Hong&#160;Kong, Ireland, Japan, the Netherlands, Singapore, Spain, Sweden, United Kingdom and the United States.</font></div></div>
CY2019Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-left:0px;padding-top:16px;text-indent:48px;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:16px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S.&#160;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&#8217;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.</font></div></div>

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