Company: NET
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001477333-25-000043
Chunk: 5

Company: Cloudflare, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 5
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 loss per share attributable to common stockholders, basic and diluted341,411 333,656 326,332 

The accompanying notes are an integral part of these consolidated financial statements.98

CLOUDFLARE, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(in thousands)

Year Ended December 31,202420232022Net loss$(78,800)$(183,949)$(193,381)Other comprehensive income (loss), net of tax:Change in unrealized gain (loss) on investments510 13,880 (9,251)Cash flow hedges:Change in unrealized loss on cash flow hedges(4,494)— — Reclassification of gain included in net loss(2,253)— — Net changes on cash flow hedges(6,747)— — Other comprehensive income (loss), net of tax(6,237)13,880 (9,251)Comprehensive loss$(85,037)$(170,069)$(202,632)

The accompanying notes are an integral part of these consolidated financial statements.99

Table of contentsCLOUDFLARE, INC.CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY(in thousands)

Class A common stockClass B common stockAdditionalpaid-incapitalAccumulateddeficitAccumulatedothercomprehensiveincome (loss)Totalstockholders’equitySharesAmountSharesAmountBalance as of December 31, 2021277,708 $277 45,904 $44 $1,494,512 $(680,829)$(2,645)$811,359 Cumulative effect adjustment from adoption of ASU 2020-06— — — — (318,756)34,319 — (284,437)Issuance of common stock in connection with acquisition522 1 — — 65,504 — — 65,505 Issuance of restricted stock in connection with acquisition52 — — — — — — — Issuance of common stock upon exercise of stock options249 — 2,194 2 9,998 — — 10,000 Repurchases of unvested common stock(1)— — — — — — — Issuance of common stock related to early exercised stock options— — 41 —