Twilio Inc. (TWLO) Financial Statements (2024 and earlier)

Company Profile

Business Address 101 SPEAR STREET
SAN FRANCISCO, CA 94105
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,683,9683,945,3074,155,0694,208,5454,392,2845,223,312
Cash and cash equivalents675,081634,824651,752632,794798,6251,617,022
Short-term investments3,008,8873,310,4833,503,3173,575,7513,593,6593,606,290
Restricted cash and investments  3,9164,3144,3572,1511,970
Receivables599,806575,664547,507487,750471,915406,736
Disposal group, including discontinued operation 65,667     
Other undisclosed current assets315,059331,649277,196261,620238,041199,172
Total current assets:4,664,5004,856,5364,984,0864,962,2725,104,3915,831,190
Noncurrent Assets
Operating lease, right-of-use asset86,193103,532121,341127,567213,464225,951
Long-term investments and receivables656,940684,144699,911732,490750,000 
Long-term investments656,940684,144699,911732,490750,000 
Intangible assets, net (including goodwill)5,970,9106,082,0876,134,0886,185,7716,239,0856,293,375
Goodwill5,243,2665,284,3885,284,1535,284,6165,285,5635,286,683
Intangible assets, net (excluding goodwill)727,644797,699849,935901,155953,5221,006,692
Restricted cash and investments  4381212 365
Other noncurrent assets290,551318,547360,899340,694297,522281,283
Other undisclosed noncurrent assets235,392253,624263,967263,850264,767258,638
Total noncurrent assets:7,239,9867,442,3727,580,2187,650,3847,764,8387,059,612
TOTAL ASSETS:11,904,48612,298,90812,564,30412,612,65612,869,22912,890,802
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities331,172343,523375,368488,656496,140304,518
Taxes payable86,01974,90167,123
Employee-related liabilities76,41586,50284,255
Accounts payable93,500121,157124,605103,234102,03993,389
Accrued liabilities237,672222,366250,763222,988232,69859,751
Deferred revenue139,434136,517139,110135,610137,728139,671
Debt9,54110,10811,87112,14112,22012,254
Derivative instruments and hedges, liabilities    33,86014,669 
Restructuring reserve17,71433,469 53,161  
Disposal group, including discontinued operation 25,075     
Other undisclosed current liabilities236,867264,832281,809140,745134,563263,379
Total current liabilities:759,803788,449808,158864,173795,320719,822
Noncurrent Liabilities
Long-term debt and lease obligation14,46917,83221,290201,178208,003223,407
Finance lease, liability14,46917,83221,29024,84218,93522,053
Liabilities, other than long-term debt165,495185,992188,43229,43237,29243,897
Other liabilities19,19423,87823,88129,43237,29243,897
Operating lease, liability146,301162,114164,551176,336189,068201,354
Other undisclosed noncurrent liabilities988,160987,769987,382986,985986,619986,243
Total noncurrent liabilities:1,168,1241,191,5931,197,1041,217,5951,231,9141,253,547
Total liabilities:1,927,9271,980,0422,005,2622,081,7682,027,2341,973,369
Equity
Equity, attributable to parent9,976,55910,318,86610,559,04210,530,88810,841,99510,917,433
Common stock181186186184183181
Additional paid in capital14,418,94614,233,59014,055,85313,842,30113,623,30013,343,554
Accumulated other comprehensive loss(60,275)(71,945)(121,161)(165,183)(117,401)(84,984)
Accumulated deficit(4,382,293)(3,842,965)(3,375,836)(3,146,414)(2,664,087)(2,341,318)
Total equity:9,976,55910,318,86610,559,04210,530,88810,841,99510,917,433
TOTAL LIABILITIES AND EQUITY:11,904,48612,298,90812,564,30412,612,65612,869,22912,890,802

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues1,037,7611,006,5641,024,574983,030943,354875,363
Cost of revenue(532,006)(515,874)(543,432)(520,955)(498,065)(450,292)
Gross profit:505,755490,690481,142462,075445,289425,071
Operating expenses(647,582)(754,774)(699,709)(919,072)(757,225)(642,879)
Operating loss:(141,827)(264,084)(218,567)(456,997)(311,936)(217,808)
Nonoperating expense(23,616)(67,588)(1,658)(21,750)(8,239)(6,677)
Other nonoperating income (expense)8,7458,98520,281(8,374)(8,239)(6,677)
Loss from continuing operations before income taxes:(165,443)(331,672)(220,225)(478,747)(320,175)(224,485)
Income tax expense (benefit)(744)(10,467)(9,197)(3,580)(2,594)2,858
Loss from continuing operations:(166,187)(342,139)(229,422)(482,327)(322,769)(221,627)
Loss before gain (loss) on sale of properties:(482,327)(322,769)(221,627)
Net loss available to common stockholders, diluted:(166,187)(342,139)(229,422)(482,327)(322,769)(221,627)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(166,187)(342,139)(229,422)(482,327)(322,769)(221,627)
Comprehensive loss:(166,187)(342,139)(229,422)(482,327)(322,769)(221,627)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent11,67049,21644,022(47,782)(32,417)(66,843)
Comprehensive loss, net of tax, attributable to parent:(154,517)(292,923)(185,400)(530,109)(355,186)(288,470)

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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