Company: NET
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001477333-25-000137
Chunk: 332

Company: Cloudflare, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 332
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)(4,299)Operating lease liabilities(24,973)(25,031)Deferred revenue82,643 29,695 Other noncurrent liabilities(18)263 Net cash provided by operating activities245,580 148,394 Cash Flows from Investing ActivitiesPurchases of property and equipment(145,786)(61,681)Capitalized internal-use software(13,647)(12,831)Asset acquisitions and business combinations, net of cash acquired(6,462)(13,977)Purchases of available-for-sale securities(1,530,775)(790,675)Maturities of available-for-sale securities810,825 792,354 Other investing activities382 18 Net cash used in investing activities(885,463)(86,792)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(27,873)— Cash paid for issuance costs on revolving credit facility— (2,148)Proceeds from the exercise of stock options17,942 7,614 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(18,217)(8,763)Net cash provided by financing activities2,011,125 7,164 Net increase in cash, cash equivalents, and restricted cash1,371,242 68,766 Cash, cash equivalents, and restricted cash, beginning of period154,214 91,224 Cash, cash equivalents, and restricted cash, end of period$1,525,456 $159,990 Supplemental Disclosure of Cash Flow Information:Cash paid for interest$9 $63 Cash paid for income taxes, net of refunds$3,503 $2,741 Cash paid for operating lease liabilities$32,378 $22,788 Supplemental Disclosure of Non-cash Investing and Financing Activities:Stock-based compensation capitalized for software development$4,861 $4,950 Accounts payable and accrued expenses related to property and equipment additions$51,090 $14,243 V