2020 Q1 Form 10-Q Financial Statement

#000162828020006980 Filed on May 07, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $364.9M $233.1M
YoY Change 56.5% 80.57%
Cost Of Revenue $171.3M $107.1M
YoY Change 59.99% 79.73%
Gross Profit $193.5M $126.1M
YoY Change 53.54% 81.28%
Gross Profit Margin 53.04% 54.07%
Selling, General & Admin $171.9M $135.8M
YoY Change 26.59% 141.54%
% of Gross Profit 88.82% 107.72%
Research & Development $114.3M $77.86M
YoY Change 46.86% 107.19%
% of Gross Profit 59.08% 61.77%
Depreciation & Amortization $32.24M $21.25M
YoY Change 51.73% 277.34%
% of Gross Profit 16.66% 16.86%
Operating Expenses $286.2M $213.6M
YoY Change 33.98% 127.78%
Operating Profit -$92.70M -$87.59M
YoY Change 5.83% 261.08%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$1.118M -$636.0K
YoY Change 75.79% -195.64%
Pretax Income -$93.81M -$88.22M
YoY Change 6.34% 273.96%
Income Tax $1.000M -$51.70M
% Of Pretax Income
Net Earnings -$94.79M -$36.50M
YoY Change 159.68% 53.83%
Net Earnings / Revenue -25.98% -15.66%
Basic Earnings Per Share -$0.68
Diluted Earnings Per Share -$0.68 -$313.0K
COMMON SHARES
Basic Shares Outstanding 139.2M shares
Diluted Shares Outstanding 139.2M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.843B $918.9M
YoY Change 100.61% 198.34%
Cash & Equivalents $345.5M $377.7M
Short-Term Investments $1.498B $541.2M
Other Short-Term Assets $61.00M $39.00M
YoY Change 56.41% 129.41%
Inventory
Prepaid Expenses
Receivables $172.9M $105.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.078B $1.063B
YoY Change 95.43% 178.31%
LONG-TERM ASSETS
Property, Plant & Equipment $310.0M $105.2M
YoY Change 194.79% 94.74%
Goodwill $2.292B $2.277B
YoY Change 0.63%
Intangibles $445.2M $503.9M
YoY Change -11.67%
Long-Term Investments
YoY Change
Other Assets $41.44M $13.01M
YoY Change 218.51% 30.09%
Total Long-Term Assets $3.089B $3.057B
YoY Change 1.04% 2926.68%
TOTAL ASSETS
Total Short-Term Assets $2.078B $1.063B
Total Long-Term Assets $3.089B $3.057B
Total Assets $5.166B $4.120B
YoY Change 25.39% 753.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.45M $22.42M
YoY Change -17.7% 24.54%
Accrued Expenses $225.0M $128.0M
YoY Change 75.78% 66.23%
Deferred Revenue $26.71M $23.35M
YoY Change 14.38%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $7.000M $8.000M
YoY Change -12.5%
Total Short-Term Liabilities $277.0M $182.3M
YoY Change 51.94% 67.28%
LONG-TERM LIABILITIES
Long-Term Debt $472.0M $452.0M
YoY Change 4.42%
Other Long-Term Liabilities $20.97M $14.04M
YoY Change 49.36% 55.97%
Total Long-Term Liabilities $20.97M $14.04M
YoY Change 49.36% 55.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $277.0M $182.3M
Total Long-Term Liabilities $20.97M $14.04M
Total Liabilities $909.7M $792.6M
YoY Change 14.79% 560.47%
SHAREHOLDERS EQUITY
Retained Earnings -$773.6M -$408.2M
YoY Change 89.53%
Common Stock $5.034B $3.733B
YoY Change 34.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.257B $3.328B
YoY Change
Total Liabilities & Shareholders Equity $5.166B $4.120B
YoY Change 25.39% 753.02%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$94.79M -$36.50M
YoY Change 159.68% 53.83%
Depreciation, Depletion And Amortization $32.24M $21.25M
YoY Change 51.73% 277.34%
Cash From Operating Activities $15.54M -$9.113M
YoY Change -270.47% -153.81%
INVESTING ACTIVITIES
Capital Expenditures $6.319M $2.653M
YoY Change 138.18% 182.23%
Acquisitions $2.377M -$156.8M
YoY Change -101.52%
Other Investing Activities $86.59M -$122.2M
YoY Change -170.86% 709.81%
Cash From Investing Activities $71.65M -$130.2M
YoY Change -155.03% 521.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $4.603M $12.81M
YoY Change -64.07% 103.12%
NET CHANGE
Cash From Operating Activities $15.54M -$9.113M
Cash From Investing Activities $71.65M -$130.2M
Cash From Financing Activities $4.603M $12.81M
Net Change In Cash $91.78M -$126.5M
YoY Change -172.55% -5261.28%
FREE CASH FLOW
Cash From Operating Activities $15.54M -$9.113M
Capital Expenditures $6.319M $2.653M
Free Cash Flow $9.216M -$11.77M
YoY Change -178.33% -173.56%

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228025000 USD
CY2019Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
419498000 USD
CY2020Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
316992000 USD
CY2019Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
140518000 USD
CY2019Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
1455000 USD
CY2020Q1 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
8626000 USD
CY2019Q1 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
5351000 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6319000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2653000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
71645000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-130201000 USD
CY2020Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
1954000 USD
CY2020Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8231000 USD
CY2019Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
15328000 USD
CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1674000 USD
CY2019Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1062000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4603000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
12811000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
91783000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-126503000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
253735000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
505334000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
345518000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
378831000 USD
CY2020Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
257000 USD
CY2019Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-34000 USD
CY2020Q1 twlo Cash Paid On Finance Leases
CashPaidOnFinanceLeases
198000 USD
CY2019Q1 twlo Cash Paid On Finance Leases
CashPaidOnFinanceLeases
148000 USD
CY2020Q1 twlo Purchase Of Property And Equipment Accrued But Not Paid
PurchaseOfPropertyAndEquipmentAccruedButNotPaid
5510000 USD
CY2019Q1 twlo Purchase Of Property And Equipment Accrued But Not Paid
PurchaseOfPropertyAndEquipmentAccruedButNotPaid
1821000 USD
CY2020Q1 twlo Purchases Of Property Equipment Through Financing Lease
PurchasesOfPropertyEquipmentThroughFinancingLease
0 USD
CY2019Q1 twlo Purchases Of Property Equipment Through Financing Lease
PurchasesOfPropertyEquipmentThroughFinancingLease
13616000 USD
CY2020Q1 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
0 USD
CY2019Q1 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
2850518000 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3418000 USD
CY2019Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1623000 USD
CY2020Q1 us-gaap Nature Of Operations
NatureOfOperations
Organization and Description of Business<div style="text-indent:27pt;margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);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 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="text-indent:27pt;margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);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, Colombia, Czech Republic, Estonia, France, Germany, Hong Kong, India, Ireland, Japan, the Netherlands, Singapore, Spain, Sweden, the United Kingdom and the United States.</span></div>
CY2020Q1 us-gaap Use Of Estimates
UseOfEstimates
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, revenue allowances and sales 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.
CY2020Q1 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 customers deteriorates substantially, operating results 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.
CY2020Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
12800000 USD
CY2019Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
10800000 USD
CY2020Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
36800000 USD
CY2019Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
30400000 USD
CY2020Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
2000000.0 USD
CY2019Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
700000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
275948000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
275948000 USD
CY2020Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1504281000 USD
CY2020Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
4483000 USD
CY2020Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
10895000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1497869000 USD
CY2020Q1 twlo Debt Securities Available For Sale Privately Held Amortized Cost
DebtSecuritiesAvailableForSalePrivatelyHeldAmortizedCost
5750000 USD
CY2020Q1 twlo Debt Securities Available For Sale Privately Held Gross Unrealized Gains
DebtSecuritiesAvailableForSalePrivatelyHeldGrossUnrealizedGains
1944000 USD
CY2020Q1 twlo Debt Securities Available For Sale Privately Held
DebtSecuritiesAvailableForSalePrivatelyHeld
7694000 USD
CY2020Q1 twlo Financial Assets Amortized Cost Or Carrying Value
FinancialAssetsAmortizedCostOrCarryingValue
1785979000 USD
CY2020Q1 twlo Financial Assets Accumulated Gross Unrealized Gain Before Tax
FinancialAssetsAccumulatedGrossUnrealizedGainBeforeTax
6427000 USD
CY2020Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
10895000 USD
CY2020Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1781511000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
189052000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
189052000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
58000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
58000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1599033000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1594334000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
4757000 USD
CY2019Q4 twlo Debt Securities Available For Sale Privately Held Amortized Cost
DebtSecuritiesAvailableForSalePrivatelyHeldAmortizedCost
5500000 USD
CY2019Q4 twlo Debt Securities Available For Sale Privately Held
DebtSecuritiesAvailableForSalePrivatelyHeld
5500000 USD
CY2019Q4 twlo Financial Assets Amortized Cost Or Carrying Value
FinancialAssetsAmortizedCostOrCarryingValue
1788886000 USD
CY2019Q4 twlo Financial Assets Accumulated Gross Unrealized Gain Before Tax
FinancialAssetsAccumulatedGrossUnrealizedGainBeforeTax
4757000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1594334000 USD
CY2019Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1793585000 USD
CY2020Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
8800000 USD
CY2019Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
1500000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis
787710000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
788246000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis
859996000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
861181000 USD
CY2020Q1 twlo Available For Sale Securities Debt Maturities Rolling Year Two Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoAmortizedCostBasis
716571000 USD
CY2020Q1 twlo Available For Sale Securities Debt Maturities Rolling Year Two Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoFairValue
709623000 USD
CY2019Q4 twlo Available For Sale Securities Debt Maturities Rolling Year Two Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoAmortizedCostBasis
734338000 USD
CY2019Q4 twlo Available For Sale Securities Debt Maturities Rolling Year Two Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoFairValue
737852000 USD
CY2020Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1504281000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1497869000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1599033000 USD
CY2020Q1 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
7700000 USD
CY2020Q1 twlo Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
243827000 USD
CY2019Q4 twlo Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
222404000 USD
CY2020Q1 twlo Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
92883000 USD
CY2019Q4 twlo Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
81148000 USD
CY2020Q1 twlo Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
150944000 USD
CY2019Q4 twlo Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
141256000 USD
CY2020Q1 us-gaap Depreciation
Depreciation
11900000 USD
CY2019Q1 us-gaap Depreciation
Depreciation
7600000 USD
CY2020Q1 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
12000000.0 USD
CY2019Q1 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
7000000.0 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3400000 USD
CY2019Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1600000 USD
CY2020Q1 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
4600000 USD
CY2019Q1 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
3800000 USD
CY2019Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1163000 USD
CY2019Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
148000 USD
CY2020Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
198000 USD
CY2020Q1 twlo Lessee Operating Lease Number Of Contracts
LesseeOperatingLeaseNumberOfContracts
23 property
CY2020Q1 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
10424000 USD
CY2019Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
7173000 USD
CY2020Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1904000 USD
CY2020Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1412000 USD
CY2019Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1435000 USD
CY2020Q1 us-gaap Variable Lease Cost
VariableLeaseCost
1296000 USD
CY2019Q1 us-gaap Variable Lease Cost
VariableLeaseCost
487000 USD
CY2020Q1 us-gaap Lease Cost
LeaseCost
15234000 USD
CY2019Q1 us-gaap Lease Cost
LeaseCost
10406000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
139200000 USD
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
159439000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
156741000 USD
CY2020Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
12866000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
14770000 USD
CY2020Q1 twlo Lease Right Of Use Asset
LeaseRightOfUseAsset
172305000 USD
CY2019Q4 twlo Lease Right Of Use Asset
LeaseRightOfUseAsset
171511000 USD
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
29949000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
27156000 USD
CY2020Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
6539000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
6924000 USD
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
140120000 USD
CY2020Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
7250000 USD
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
8746000 USD
CY2020Q1 twlo Lease Liability
LeaseLiability
183858000 USD
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y9M18D
CY2019Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y1M6D
CY2019Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
961000 USD
CY2019Q4 twlo Lease Liability
LeaseLiability
182026000 USD
CY2020Q1 twlo Lessee Operating Lease Accumulated Amortization
LesseeOperatingLeaseAccumulatedAmortization
31200000 USD
CY2019Q4 twlo Lessee Operating Lease Accumulated Amortization
LesseeOperatingLeaseAccumulatedAmortization
23200000 USD
CY2020Q1 twlo Lessee Finance Lease Accumulated Depreciation
LesseeFinanceLeaseAccumulatedDepreciation
7900000 USD
CY2019Q4 twlo Lessee Finance Lease Accumulated Depreciation
LesseeFinanceLeaseAccumulatedDepreciation
6000000.0 USD
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
9953000 USD
CY2019Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
3994000 USD
CY2020Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
198000 USD
CY2019Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
148000 USD
CY2020Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1881000 USD
CY2020Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y10M24D
CY2019Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y3M18D
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.057
CY2019Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.058
CY2020Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.053
CY2019Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.052
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
29148000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
5507000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
38190000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
4659000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
37145000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
2333000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
29378000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
1581000 USD
CY2020Q1 twlo Lessee Lease Lease Not Yet Commenced Term Of Contract
LesseeLeaseLeaseNotYetCommencedTermOfContract
P6Y9M18D
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
25549000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
315000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
43126000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
581000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
202536000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
14976000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
32467000 USD
CY2020Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
1187000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
170069000 USD
CY2020Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
13789000 USD
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
29949000 USD
CY2020Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
6539000 USD
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
140120000 USD
CY2020Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
7250000 USD
CY2020Q1 twlo Lessee Operating Lease Lease Not Yet Commenced Liability
LesseeOperatingLeaseLeaseNotYetCommencedLiability
43500000 USD
CY2020Q1 twlo Lessee Finance Lease Lease Not Yet Commenced Liability
LesseeFinanceLeaseLeaseNotYetCommencedLiability
700000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
2296784000 USD
CY2020Q1 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-5147000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
2291637000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
547514000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
107576000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
439938000 USD
CY2020Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
552729000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
107576000 USD
CY2020Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
445153000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
543442000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
87258000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
456184000 USD
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
548107000 USD
CY2019Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
17747000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
87258000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
460849000 USD
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2019Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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69304000 USD
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76910000 USD
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3750000 USD
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344000 USD
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CY2020Q1 us-gaap Amortization Of Financing Costs
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CY2019Q1 twlo Provision For Doubtful Accounts And Other
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CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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1463000 USD
CY2019Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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4281000 USD
CY2020Q1 twlo Allowance For Doubtful Account Percent Of Revenue
AllowanceForDoubtfulAccountPercentOfRevenue
0.02
CY2019Q1 twlo Allowance For Doubtful Account Percent Of Revenue
AllowanceForDoubtfulAccountPercentOfRevenue
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CY2019Q4 us-gaap Valuation Allowances And Reserves Balance
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CY2018Q4 us-gaap Valuation Allowances And Reserves Balance
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3015000 USD
CY2020Q1 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
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8174000 USD
CY2019Q1 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
2681000 USD
CY2020Q1 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
5271000 USD
CY2019Q1 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
2865000 USD
CY2020Q1 us-gaap Valuation Allowances And Reserves Balance
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9687000 USD
CY2019Q1 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
2831000 USD
CY2020Q1 twlo Sales Credit Reserve Percent Of Revenue
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0.03
CY2019Q1 twlo Sales Credit Reserve Percent Of Revenue
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0.01
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233139000 USD
CY2020Q1 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
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16800000 USD
CY2019Q4 us-gaap Other Liabilities Current
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27000000.0 USD
CY2020Q1 us-gaap Preferred Stock Shares Authorized
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100000000 shares
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PreferredStockSharesAuthorized
100000000 shares
CY2020Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.001
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PreferredStockParOrStatedValuePerShare
0.001
CY2020Q1 us-gaap Preferred Stock Shares Issued
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0 shares
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0.001
CY2020Q1 us-gaap Common Stock Par Or Stated Value Per Share
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0.001
CY2020Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
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CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
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CY2020Q1 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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1300000 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P0Y1M6D
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
69025000 USD
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
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58324000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2020Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2019Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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116590513 shares
CY2020Q1 us-gaap Earnings Per Share Basic And Diluted
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CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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22624271 shares
CY2020Q1 us-gaap Debt Instrument Convertible Conversion Price1
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70.90
CY2020Q1 us-gaap Income Tax Expense Benefit
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1000000.0 USD
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IncomeTaxExpenseBenefit
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CY2019Q1 twlo Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Release Of Valuation Allowance On Deferred Tax Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedReleaseOfValuationAllowanceOnDeferredTaxAssets
51600000 USD
CY2020Q1 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
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16800000 USD

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