Company: NET
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001477333-25-000082
Chunk: 326

Company: Cloudflare, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 326
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 reconcile net loss to cash provided by operating activities:Depreciation and amortization expense42,207 30,112 Non-cash operating lease costs14,657 11,863 Amortization of deferred contract acquisition costs23,132 18,107 Stock-based compensation expense95,535 69,723 Amortization of debt issuance costs990 990 Net accretion of discounts and amortization of premiums on available-for-sale securities(6,372)(12,713)Deferred income taxes(156)(276)Provision for bad debt3,274 3,223 Other507 106 Changes in operating assets and liabilities, net of effect of asset acquisitions and business combinations:Accounts receivable, net27,160 31,862 Contract assets580 (548)Deferred contract acquisition costs(25,458)(22,398)Prepaid expenses and other current assets(27,289)(23,022)Other noncurrent assets5,118 760 Accounts payable(842)3,073 Accrued expenses and other current liabilities12,219 5,340 Accrued compensation(4,397)(1,502)Operating lease liabilities(12,678)(14,678)Deferred revenue35,789 9,036 Other noncurrent liabilities262 64 Net cash provided by operating activities145,784 73,579 Cash Flows from Investing ActivitiesPurchases of property and equipment(85,889)(32,056)Capitalized internal-use software(7,028)(5,916)Asset acquisitions and business combinations, net of cash acquired(4,856)— Purchases of available-for-sale securities(403,672)(298,995)Maturities of available-for-sale securities408,769 433,903 Other investing activities238 14 Net cash provided by (used in) investing activities(92,438)96,950 Cash Flows from Financing ActivitiesProceeds from the exercise of stock options11,229 4,422 Payment of tax withholding obligation on RSU settlement(7,707)(4,401)Net cash provided by financing activities3,522 21 Net increase in cash, cash equivalents, and restricted cash56,868 170,550 Cash, cash equivalents, and restricted cash, beginning of period154,214 91,224 Cash, cash equivalents, and restricted cash, end of period$211,082 $261,774 Supplemental