Dropbox, Inc. (DBX) Financial Statements (2024 and earlier)

Company Profile

Business Address 1800 OWENS STREET, SUITE 200
SAN FRANCISCO, CA 94158
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 millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:1,3431,7181,1211,1591,089
Cash and cash equivalents233533315551519
Short-term investments1,1111,185806618570
Other undisclosed cash, cash equivalents, and short-term investments    (10) 
Receivables6054464475
Other undisclosed current assets8678604046
Total current assets:1,4901,8501,2281,2431,210
Noncurrent Assets
Operating lease, right-of-use asset261414471658
Property, plant and equipment308322339445311
Intangible assets, net (including goodwill)492410270282111
Goodwill40335723723597
Intangible assets, net (excluding goodwill)8854344715
Deferred income tax assets499   
Other noncurrent assets6195807162
Total noncurrent assets:1,6201,2421,1601,456484
TOTAL ASSETS:3,1103,0912,3872,6991,694
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities272266242264259
Taxes payable77869276
Employee-related liabilities13911410181
Accounts payable3926194133
Accrued liabilities23424232969
Deferred revenue703672611554
Debt11512010015774
Business combination, contingent consideration, liability     
Contract with customer, liability485
Other undisclosed current liabilities1071181364119
Total current liabilities:1,1971,1761,0881,015838
Noncurrent Liabilities
Long-term debt and lease obligation1,5262,17093185090
Long-term debt, excluding current maturities1,3741,370   
Capital lease obligations90
Finance lease, liability152168172138
Liabilities, other than long-term debt69739342690
Deferred rent credit     81
Other liabilities1123934269
Operating lease, liability585632760712
Total noncurrent liabilities:2,2232,209966876180
Total liabilities:3,4203,3852,0531,8911,017
Equity
Equity, attributable to parent(309)(294)334808677
Additional paid in capital2,5122,4482,5642,5312,338
Accumulated other comprehensive income (loss)(49)(3)113(1)
Accumulated deficit(2,772)(2,739)(2,241)(1,726)(1,660)
Total equity:(309)(294)334808677
TOTAL LIABILITIES AND EQUITY:3,1103,0912,3872,6991,694

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues2,3252,1581,9141,6611,392
Cost of revenue
(Cost of Goods and Services Sold)
(444)(444)(415)(411)(395)
Gross profit:1,8811,7141,4991,250997
Operating expenses(1,699)(1,439)(1,776)(1,331)(1,491)
Operating income (loss):181274(277)(81)(494)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
83025167
Interest and debt expense (8)(9)(9)(9) 
Other undisclosed loss from continuing operations before equity method investments, income taxes     
Income (loss) from continuing operations before equity method investments, income taxes:182296(261)(74)(487)
Other undisclosed income from continuing operations before income taxes11411227
Income (loss) from continuing operations before income taxes:193299(250)(52)(480)
Income tax expense (benefit)36137(6)(1)(5)
Income (loss) from continuing operations:553336(256)(53)(485)
Income (loss) before gain (loss) on sale of properties:336(256)(53)(485)
Net income (loss) available to common stockholders, diluted:553336(256)(53)(485)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):553336(256)(53)(485)
Comprehensive income (loss):553336(256)(53)(485)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(46)(14)85(5)
Comprehensive income (loss), net of tax, attributable to parent:507322(249)(48)(490)

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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