DigitalOcean Holdings, Inc. (DOCN) · 10+ Years of Financial statements

Income Statement	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	203	255	318	429	576	693
+ Sales & Services Revenue	203	255	318	429	576	693
- Cost of Revenue	97	122	146	171	212	284
+ Cost of Goods & Services	97	122	146	171	212	284
Gross Profit	106	133	173	258	364	409
+ Other Operating Income	- -	- -	- -	- -	- -	- -
- Operating Expenses	133	162	189	269	390	376
+ Selling, General & Admin	88	102	114	153	246	236
+ Research & Development	45	60	75	116	144	140
+ Other Operating Expense	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	-27	-30	-16	-11	-26	33
- Non-Operating (Income) Loss	7	10	27	7	-2	6
+ Interest Expense, Net	6	9	14	4	-2	-15
+ Interest Expense	6	9	14	4	8	9
- Interest Income	- -	- -	- -	- -	11	24
+ Other Non-Op (Income) Loss	1	- -	13	3	- -	21
Pretax Income	-35	-40	-43	-18	-24	27
- Income Tax Expense (Benefit)	1	1	1	1	4	7
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-36	-40	-44	-20	-28	19
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-36	-40	-44	-20	-28	19
- Minority Interest	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-36	-40	-44	-20	-28	19
- Preferred Dividends	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-36	-40	-44	-20	-28	19
Basic Weighted Avg Shares	87	87	105	93	101	90
Basic EPS, GAAP	-0.41	-0.46	-0.41	-0.21	-0.28	0.22
Basic EPS from Cont Ops	-0.41	-0.46	-0.41	-0.21	-0.28	0.22
Diluted Weighted Avg Shares	87	87	105	93	101	96
Diluted EPS, GAAP	-0.41	-0.46	-0.41	-0.21	-0.28	0.2
Diluted EPS from Cont Ops	-0.41	-0.46	-0.41	-0.21	-0.28	0.2
EBITDA	25	33	60	77	77	151
EBITDA Margin (%)	12.37	13.02	18.78	18.01	13.28	21.74
EBITA	-27	-30	-16	-11	-26	33
EBIT	-27	-30	-16	-11	-26	33
Gross Margin (%)	52.23	52.02	54.29	60.19	63.23	59.02
Operating Margin (%)	-13.44	-11.74	-4.96	-2.61	-4.46	4.73
Profit Margin (%)	-17.72	-15.85	-13.68	-4.55	-4.82	2.8
Sales per Employee	- -	- -	547,986	545,243	478,673	599,381
Dividend per Share	- -	- -	- -	- -	- -	- -
Depreciation Expense	52	63	76	88	102	118

Balance Sheet	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	- -	61	148	1,770	946	503
+ Cash, Cash Equivalents & STI	- -	33	100	1,713	864	412
+ Cash & Cash Equivalents	- -	33	100	1,713	141	317
+ ST Investments	- -	- -	- -	- -	723	95
+ Accounts & Notes Receiv	- -	24	28	40	54	62
+ Accounts Receivable, Net	- -	21	28	40	54	62
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	3	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	4	20	17	28	29
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	242	282	331	870	958
+ Property, Plant & Equip, Net	- -	206	239	250	427	461
+ Property, Plant & Equip	- -	416	513	564	805	917
- Accumulated Depreciation	- -	210	274	314	379	457
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	36	43	81	443	497
+ Total Intangible Assets	- -	33	37	75	434	488
+ Goodwill	- -	3	3	32	315	348
+ Other Intangible Assets	- -	30	35	43	119	140
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	3	6	6	9	9
Total Assets	- -	302	430	2,101	1,816	1,461
+ Payables & Accruals	- -	50	47	51	96	85
+ Accounts Payable	- -	27	12	13	21	4
+ Accrued Taxes	- -	7	8	7	41	50
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	16	27	32	34	31
+ ST Debt	- -	15	17	- -	57	87
+ ST Borrowings	- -	14	17	- -	- -	- -
+ ST Finance Leases	- -	1	- -	- -	57	87
+ Other ST Liabilities	- -	7	20	7	12	21
+ Deferred Revenue	- -	4	5	5	6	5
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	3	15	2	7	16
Total Current Liabilities	- -	73	85	58	166	193
+ LT Debt	- -	176	242	1,463	1,578	1,569
+ LT Borrowings	- -	173	242	1,463	1,470	1,478
+ LT Finance Leases	- -	3	- -	- -	108	91
+ Other LT Liabilities	- -	126	175	2	25	13
+ Accrued Liabilities	- -	- -	- -	- -	21	4
+ Pension Liabilities	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	126	175	1	4	10
Total Noncurrent Liabilities	- -	302	418	1,465	1,603	1,582
Total Liabilities	- -	375	502	1,523	1,768	1,775
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	56	100	770	264	31
+ Common Stock	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	56	100	770	264	31
- Treasury Stock	- -	5	5	5	- -	- -
+ Retained Earnings	- -	-123	-167	-187	-214	-344
+ Other Equity	- -	- -	- -	- -	-2	- -
Equity Before Minority Interest	- -	-72	-72	578	48	-314
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -
Total Equity	- -	-72	-72	578	48	-314
Total Liabilities & Equity	- -	302	430	2,101	1,816	1,461
Shares Outstanding	87	87	105	107	97	90
Capital Leases - Total	- -	4	- -	- -	165	178
Net Debt	- -	154	159	-251	1,329	1,161
Net Debt to Equity	- -	-213.55	-221.06	-43.36	2,794.88	-369.96
Tangible Common Equity Ratio	- -	-38.81	-27.85	24.83	-27.98	-82.49
Current Ratio	- -	0.84	1.75	30.39	5.72	2.61
Cash Conversion Cycle	- -	-25.8	-21.75	2	0.49	14.43
Number of Employees	- -	- -	581	786	1,204	1,156

Cash Flow Statement	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
+ Net Income	-36	-40	-44	-20	-28	19
+ Depreciation & Amortization	52	63	76	88	102	118
+ Non-Cash Items	24	31	56	72	136	120
+ Stock-Based Compensation	12	19	29	62	106	88
+ Deferred Income Taxes	- -	- -	- -	-3	-2	-1
+ Asset Impairment Charge	9	11	1	- -	2	1
+ Other Non-Cash Adj	3	1	25	13	30	32
+ Chg in Non-Cash Work Cap	-3	-13	-30	-8	-15	-22
+ (Inc) Dec in Accts Receiv	-11	-14	-18	-21	-27	-23
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	-1	-3	-11	1	-1	-10
+ Inc (Dec) in Accts Payable	10	4	2	9	6	-11
+ Inc (Dec) in Other	-1	- -	-2	2	7	21
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	38	40	58	133	195	235
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	1	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	1	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-71	-99	-121	-115	-125	-125
+ Acq of Fixed Prod Assets	-61	-84	-116	-109	-120	-125
+ Acq of Intangible Assets	-10	-14	-5	-6	-5	- -
+ Net Change in LT Investment	- -	- -	- -	- -	-718	627
+ Dec in LT Investment	- -	- -	- -	- -	978	980
+ Inc in LT Investment	- -	- -	- -	- -	-1,697	-352
+ Net Cash From Acq & Div	- -	-3	- -	-5	-305	-99
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	-3	- -	-5	-305	-99
+ Cash for JVs	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	10	14	5	6	- -	-2
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-61	-87	-116	-114	-1,148	401
+ Dividends Paid	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	-17	32	54	1,199	- -	-2
+ Cash From Debt	126	60	230	1,462	- -	- -
+ Repayments of Debt	-143	-27	-176	-263	- -	-2
+ Cash (Repurchase) of Equity	5	- -	13	374	-600	-488
+ Increase in Capital Stock	5	- -	14	724	- -	- -
+ Decrease in Capital Stock	- -	- -	-1	-350	-600	-488
+ Other Financing Activities	-2	17	58	20	-10	22
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-14	50	124	1,593	-610	-469
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-38	2	67	1,613	-1,563	167
Capital Expenditures	-71	-99	-121	-115	-125	-125
EBITDA	25	33	60	77	77	151
EBITDA Margin (%)	12.37	13.02	18.78	18.01	13.28	21.74
Net Cash Paid for Acquisitions	- -	3	- -	5	305	99
Free Cash Flow	-33	-59	-62	18	70	110
Free Cash Flow to Firm	- -	- -	- -	- -	- -	117
Free Cash Flow to Equity	- -	-12	-3	1,223	76	108
Free Cash Flow per Basic Share	-0.38	-0.67	-0.59	0.2	0.69	1.22
Price/Free Cash Flow	- -	- -	- -	30.85	7.77	10.12
Cash Flow to Net Income	-1.05	-0.99	-1.34	-6.83	-7.02	12.1

DigitalOcean Holdings, Inc.

DOCN US

35.61

35.61