Cloudflare, Inc. (NET) financial statements (2022 and earlier)

Company profile

Business Address 101 TOWNSEND ST.
SAN FRANCISCO, CA 94107
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,8221,032637
Cash and cash equivalents314109139
Short-term investments1,508923498
Restricted cash and investments33 
Receivables966334
Prepaid expense 1411
Contract with customer, asset642
Deposits current assets 43
Other current assets 103
Other undisclosed current assets29  
Total current assets:1,9561,130690
Noncurrent Assets
Operating lease, right-of-use asset13043 
Property, plant and equipment184124101
Intangible assets, net (including goodwill)25204
Goodwill24174
Intangible assets, net (excluding goodwill)130
Capitalized contract cost, net704425
Restricted cash and investments477
Other noncurrent assets3134
Total noncurrent assets:416251141
TOTAL ASSETS:2,3721,381831
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities924732
Accounts payable261411
Accrued liabilities 75
Employee-related liabilities662515
Deferred revenue1175531
Debt12  
Deferred compensation liability5913
Other undisclosed current liabilities63318
Total current liabilities:28914184
Noncurrent Liabilities
Long-term debt and lease obligation1,256411 
Long-term debt, excluding current maturities1,147383 
Operating lease, liability10927 
Liabilities, other than long-term debt121211
Deferred revenue521
Other liabilities71010
Other undisclosed noncurrent liabilities  11
Total noncurrent liabilities:1,26842221
Total liabilities:1,556564105
Temporary equity, carrying amount4  
Stockholders' equity
Stockholders' equity attributable to parent, including:811817726
Additional paid in capital1,4951,2371,027
Accumulated other comprehensive income (loss)(3)00
Accumulated deficit(681)(421)(302)
Other undisclosed stockholders' equity attributable to parent000
Total stockholders' equity:811817726
TOTAL LIABILITIES AND EQUITY:2,3721,381831

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

12/31/2021
12/31/2020
12/31/2019
Revenues656431287
Cost of revenue(147)(101)(63)
Gross profit:509330224
Operating expenses(637)(437)(332)
Operating loss:(128)(107)(108)
Nonoperating income (expense)(120)(18)3
Investment income, nonoperating276
Other nonoperating income (expense)(1)0(1)
Interest and debt expense(72)(24)(1)
Loss from continuing operations before equity method investments, income taxes:(320)(149)(106)
Other undisclosed income from continuing operations before income taxes72241
Loss from continuing operations before income taxes:(248)(125)(105)
Income tax expense (benefit)(12)6(1)
Net loss available to common stockholders, diluted:(260)(119)(106)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
Net loss:(260)(119)(106)
Comprehensive loss:(260)(119)(106)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3)00
Comprehensive loss, net of tax, attributable to parent:(263)(119)(106)

Statements sources

The financial statements are based on the company's filings with the 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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