Company: CVLT
Filing Date: 2025-05-05
Form Type: 10-K
Source: 0001169561-25-000034
Chunk: 73

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-05-05
Form: 10-K
Item: Item 8
Chunk 73
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 year and evaluating the identification of performance obligations based on an analysis of the contractual terms and independent confirmations of the terms and conditions of the contract directly with customers.

/s/ Ernst & Young LLP

We have served as the Company’s auditor since 1998.

Iselin, New Jersey

May 5, 2025 

45

Commvault Systems, Inc.

Consolidated Balance Sheets

(In thousands, except per share data)

 March 31, 20252024ASSETSCurrent assets:Cash and cash equivalents$302,103 $312,754 Trade accounts receivable, net251,995 222,683 Assets held for sale34,770 38,680 Other current assets46,189 21,009 Total current assets635,057 595,126 Deferred tax assets, net133,378 111,181 Property and equipment, net8,294 7,961 Operating lease assets10,124 10,545 Deferred commissions cost79,309 62,837 Intangible assets, net20,737 1,042 Goodwill185,255 127,780 Other assets46,112 27,441 Total assets$1,118,266 $943,913 LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable$373 $299 Accrued liabilities147,133 117,244 Current portion of operating lease liabilities4,614 4,935 Deferred revenue402,930 362,450 Total current liabilities555,050 484,928 Deferred revenue, less current portion223,282 168,472 Deferred tax liabilities1,384 1,717 Long-term operating lease liabilities6,338 7,155 Other liabilities7,090 3,556 Commitments and contingencies (Note 9)Stockholders’ equity:Preferred stock, $0.01 par value: 50,000 shares authorized, no shares issued and outstanding— — Common stock, $0.01 par value, 250,000 shares authorized, 44,104 shares and 43,548 shares issued and outstanding at March 31, 2025 and 2024, respectively441 435 Additional paid-in capital1,474,377 1,349,603 Accumulated deficit(1,134,063)(1,056,011)Accumulated other comprehensive loss(15