Company: NET
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001477333-25-000141
Chunk: 333

Company: Cloudflare, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 333
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,158)(22,076)Asset acquisitions and business combinations, net of cash acquired(6,462)(15,015)Purchases of available-for-sale securities(2,586,569)(1,187,287)Maturities of available-for-sale securities1,328,956 1,173,041 Other investing activities679 29 Net cash used in investing activities(1,514,981)(163,192)Cash Flows from Financing ActivitiesProceeds from settlement of the 2025 capped calls309,616 — Gross proceeds from issuance of 2030 convertible senior notes2,000,000 — Purchases of capped calls related to the 2030 convertible senior notes(283,400)— Cash paid for issuance costs on 2030 convertible senior notes(28,989)— Cash paid for issuance costs on revolving credit facility— (2,148)Proceeds from the exercise of stock options29,455 9,031 Proceeds from the early exercise of stock options— 6 Proceeds from the issuance of common stock for employee stock purchase plan13,057 10,455 Payment of tax withholding obligation on RSU settlement(32,183)(12,591)Net cash provided by financing activities2,007,556 4,753 Net increase in cash, cash equivalents, and restricted cash905,278 94,682 Cash, cash equivalents, and restricted cash, beginning of period154,214 91,224 Cash, cash equivalents, and restricted cash, end of period$1,059,492 $185,906 Supplemental Disclosure of Cash Flow Information:Cash paid for interest$24 $70 Cash paid for income taxes, net of refunds$5,842 $4,024 Cash paid for operating lease liabilities$49,232 $36,623 Supplemental Disclosure of Non-cash Investing and Financing Activities:Stock-based compensation capitalized for software development$7,664 $8,507 Accounts payable and accrued expenses related to property and equipment additions$41,598 $36,394 Vesting of early exercised stock options$— $98 Indemnity holdback consideration associated with asset acquisitions and business combinations$— $2,023 Operating lease right-of-use assets obtained in exchange for operating lease liabilities$97,759 $43,133 

The accompanying notes are an integral part of these condensed consolidated financial statements.