Fitbit, inc. (FIT)
Balance Sheet / TTM
Apr'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Dec'14
Assets
Current assets:
Cash and cash equivalents

251

334

287

335

410

473

402

328

378

341

280

318

374

301

284

416

722

535

462

461

195

Marketable securities

175

184

214

229

233

249

221

252

279

337

378

357

351

404

387

343

69

128

113

-

0

Accounts receivable, net

182

435

345

258

250

414

325

242

214

406

260

216

194

477

461

377

339

469

244

252

238

Inventories

105

136

245

161

174

124

195

140

145

123

138

141

200

230

214

190

212

178

276

186

115

Income tax receivable

139

0

0

7

6

6

8

78

77

77

-

-

-

0

-

-

-

-

-

-

-

Prepaid expenses and other current assets

56

28

33

24

26

42

45

63

59

97

173

97

58

65

86

59

60

43

21

18

13

Total current assets

912

1,119

1,127

1,016

1,102

1,311

1,198

1,104

1,154

1,384

1,232

1,131

1,180

1,480

1,434

1,387

1,403

1,355

1,174

967

563

Property and equipment, net

76

82

88

91

95

106

106

110

104

104

90

80

85

76

94

74

51

44

35

30

26

Operating lease right-of-use assets

70

70

71

75

99

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

64

64

61

61

60

60

61

61

60

51

51

51

51

51

25

25

22

22

22

22

0

Intangible assets, net

12

16

17

19

21

23

25

27

29

22

23

24

26

27

14

15

11

12

12

13

0

Deferred tax assets

4

4

3

4

4

4

3

3

4

3

46

162

184

175

110

119

87

83

56

49

42

Other assets

9

9

7

9

10

8

10

16

14

15

9

10

12

10

10

1

1

1

17

12

1

Total assets

1,149

1,368

1,376

1,278

1,394

1,515

1,406

1,323

1,369

1,582

1,454

1,461

1,538

1,821

1,690

1,623

1,578

1,519

1,262

1,046

633

Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable

90

194

263

157

165

251

232

155

132

212

178

83

127

313

253

226

238

260

320

193

195

Accrued liabilities

376

513

365

332

363

437

386

377

382

452

346

347

339

390

218

231

232

200

98

79

70

Operating lease liabilities

21

23

23

23

30

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

32

32

28

28

28

29

27

28

31

35

40

44

46

42

45

46

50

44

27

21

9

Fitbit Force recall reserve

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

2

4

-

11

12

22

Income taxes payable

1

0

0

0

1

1

6

22

0

0

0

0

2

9

1

2

1

2

2

0

30

Total current liabilities

523

764

681

542

589

719

653

583

547

701

564

476

516

756

519

508

528

508

459

308

461

Long-term deferred revenue

6

8

6

5

5

7

5

4

5

6

-

-

-

7

-

-

-

-

-

-

-

Long-term operating lease liabilities

66

67

70

75

98

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

132

Other liabilities

32

39

29

29

29

52

52

55

54

49

57

59

56

59

53

47

36

29

18

15

12

Redeemable convertible preferred stock warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

15

Total liabilities

628

880

787

652

722

779

711

644

606

758

622

535

573

823

573

556

564

537

478

323

489

Commitments and contingencies (Note 6)

-

-

-

-

-

-

0

0

-

-

0

0

0

0

0

0

0

0

0

0

0

Redeemable convertible preferred stock, $0.0001 par value: no shares and 144,528,912 shares authorized as of December 31, 2015 and 2014, respectively; no shares and 139,851,483 shares issued and outstanding as of December 31, 2015 and 2014, respectively; aggregate liquidation preference of $0 as of December 31, 2015

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

67

Stockholders’ equity:
Preferred stock, $0.0001 par value, 10,000,000 shares authorized

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

Additional paid-in capital

1,140

1,126

1,107

1,092

1,070

1,055

1,025

1,006

976

956

930

911

882

859

832

804

762

737

604

590

7

Accumulated other comprehensive income

0

0

0

0

0

-0

3

4

0

-0

-12

-12

-2

-0

-1

1

-3

0

1

0

0

Accumulated deficit

-619

-639

-518

-467

-398

-319

-334

-332

-214

-132

-86

26

85

140

286

260

253

242

178

132

67

Total stockholders’ equity

521

487

588

625

671

735

694

678

762

823

831

925

965

998

1,117

1,066

1,013

981

784

723

75

Total liabilities and stockholders’ equity

1,149

1,368

1,376

1,278

1,394

1,515

1,406

1,323

1,369

1,582

1,454

1,461

1,538

1,821

1,690

1,623

1,578

1,519

1,262

1,046

633

Preferred stock, par value (in dollars per share)

-

-

-

-

-

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock, authorized (in shares)

-

-

-

-

-

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Class A common stock, $0.0001 par value, 600,000,000 shares authorized; 221,081,203 and 207,453,624 shares issued and outstanding as of December 31, 2018 and 2017, respectively [Member]
Common stock

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Common stock, par value (in dollars per share)

-

-

-

-

-

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock authorized (in shares)

-

-

-

-

-

600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common Stock, Shares, Issued

-

-

-

-

-

221

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock outstanding (in shares)

-

-

-

-

-

221

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Class B common stock, $0.0001 par value, 350,000,000 shares authorized; 31,281,638 and 31,302,898 shares issued and outstanding as of December 31, 2018 and 2017, respectively [Member]
Common stock

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Common stock, par value (in dollars per share)

-

-

-

-

-

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock authorized (in shares)

-

-

-

-

-

350

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common Stock, Shares, Issued

-

-

-

-

-

31

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock outstanding (in shares)

-

-

-

-

-

31

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-