Box, Inc. (BOX) Financial Statements (2024 and earlier)

Company Profile

Business Address 900 JEFFERSON AVE
REDWOOD CITY, CA 94063
State of Incorp. DE
Fiscal Year End January 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

10/31/2023
Q3
7/31/2023
Q2
4/30/2023
Q1
1/31/2023
Q4
10/31/2022
Q3
7/31/2022
Q2
4/30/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:221,529238,610231,202221,398235,709216,150
Cash and cash equivalents395,965481,435428,465   
Short-term investments49,43835,57932,78344,56744,745127,889
Other undisclosed cash, cash equivalents, and short-term investments(223,874)(278,404)(230,046)176,831190,96488,261
Receivables165,429132,653264,515176,593166,552117,146
Contract with customer, asset, after allowance for credit loss      1,500
Capitalized contract cost45,40346,68948,04046,12045,80945,021
Other current assets36,64834,88232,96031,18732,99633,987
Other undisclosed current assets223,874278,404230,046181,229157,819301,616
Total current assets:692,883731,238806,763656,527638,885715,420
Noncurrent Assets
Operating lease, right-of-use asset130,158119,186131,172142,147153,604163,674
Property, plant and equipment54,24663,51669,97267,75578,55892,043
Intangible assets, net (including goodwill)74,61974,59373,86370,70271,71272,855
Goodwill74,61974,59373,86370,70271,71272,855
Capitalized contract cost, net63,94867,38771,99969,25169,64569,335
Other noncurrent assets52,29152,74653,39650,06853,90858,260
Total noncurrent assets:375,262377,428400,402399,923427,427456,167
TOTAL ASSETS:1,068,1451,108,6661,207,1651,056,4501,066,3121,171,587
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities30,00220,35544,08664,90272,64023,972
Employee-related liabilities32,45136,32023,972
Accrued liabilities30,00220,35544,08632,45136,320 
Deferred revenue455,605487,123544,179442,015449,267458,084
Debt   29,31831,17537,33738,455
Other undisclosed current liabilities107,845113,22198,24459,30462,35692,200
Total current liabilities:593,452620,699715,827597,396621,600612,711
Noncurrent Liabilities
Long-term debt and lease obligation369,823369,825369,351500,021512,575537,308
Long-term debt, excluding current maturities369,823369,825369,351368,878368,406367,934
Finance lease, liability      13,278
Liabilities, other than long-term debt150,813139,763155,84837,19322,73517,182
Deferred revenue      10,266
Other liabilities35,10932,36437,84737,19322,7356,916
Operating lease, liability115,704107,399118,001131,143144,169156,096
Total noncurrent liabilities:520,636509,588525,199537,214535,310554,490
Total liabilities:1,114,0881,130,2871,241,0261,134,6101,156,9101,167,201
Temporary equity, carrying amount491,021490,464489,990489,434488,906488,351
Equity
Equity, attributable to parent(536,964)(512,085)(523,851)(567,594)(579,504)(483,965)
Common stock141414141415
Additional paid in capital787,211822,366818,996802,534797,948892,067
Accumulated other comprehensive loss(7,534)(7,019)(7,065)(13,817)(11,233)(8,769)
Accumulated deficit(1,316,655)(1,327,446)(1,335,796)(1,356,325)(1,366,233)(1,367,278)
Total equity:(536,964)(512,085)(523,851)(567,594)(579,504)(483,965)
TOTAL LIABILITIES AND EQUITY:1,068,1451,108,6661,207,1651,056,4501,066,3121,171,587

Income Statement (P&L) ($ in thousands)

10/31/2023
Q3
7/31/2023
Q2
4/30/2023
Q1
1/31/2023
Q4
10/31/2022
Q3
7/31/2022
Q2
4/30/2022
Q1
Revenues261,428251,898349,903249,951246,015238,432
Cost of revenue
(Cost of Goods and Services Sold)
(67,013)(61,651)(67,752)(64,490)(64,843)(62,209)
Gross profit:194,415190,247282,151185,461181,172176,223
Operating expenses(184,540)(181,912)(217,851)(172,095)(178,032)(175,599)
Operating income:9,8758,33564,30013,3663,140624
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
3,2932,3185,842(1,427)(651)(4,157)
Interest and debt expense(271)(356)1,016(430)(547)(665)
Income (loss) from continuing operations before equity method investments, income taxes:12,89710,29771,15811,5091,942(4,198)
Other undisclosed income (loss) from continuing operations before income taxes271356(1,016)430547665
Income (loss) from continuing operations before income taxes:13,16810,65370,14211,9392,489(3,533)
Income tax expense(2,377)(2,303)(6,225)(2,031)(1,444)(1,166)
Income (loss) from continuing operations:10,7918,35063,9179,9081,045(4,699)
Income (loss) before gain (loss) on sale of properties:9,9081,045(4,699)
Net income (loss) attributable to parent:10,7918,35063,9179,9081,045(4,699)
Preferred stock dividends and other adjustments      (3,695)
Undistributed earnings (loss) allocated to participating securities, basic(740)(470) (648)  
Other undisclosed net loss available to common stockholders, basic(4,307)(4,224)(10,130)(4,278)(4,304)(527)
Net income (loss) available to common stockholders, diluted:5,7443,65653,7874,982(3,259)(8,921)

Comprehensive Income ($ in thousands)

10/31/2023
Q3
7/31/2023
Q2
4/30/2023
Q1
1/31/2023
Q4
10/31/2022
Q3
7/31/2022
Q2
4/30/2022
Q1
Net income (loss):10,7918,35063,9179,9081,045(4,699)
Comprehensive income (loss):10,7918,35063,9179,9081,045(4,699)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(515)46(546)(2,584)(2,464)(4,226)
Comprehensive income (loss), net of tax, attributable to parent:10,2768,39663,3717,324(1,419)(8,925)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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