HubSpot, Inc. HUBS Balance Sheet

Hubspot, inc. (HUBS)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Dec'13
Assets
Current assets:
Cash and cash equivalents
229,133	269,670	225,770	238,080	285,126	111,489	96,122	98,426	154,031	87,680	176,743	175,622	69,786	59,702	61,439	58,661	53,019	55,580	58,809	74,235	129,375	123,721	12,379	12,643
Short-term investments
739,428	691,834	722,767	717,115	683,994	480,761	465,166	451,830	375,379	416,663	315,130	316,798	53,001	54,648	52,555	58,831	54,633	48,972	45,697	35,591	6,717	-	-	-
Accounts receivable — net of allowance for doubtful accounts of $2,786 and $1,584 at March 31, 2020 and December 31, 2019, respectively
81,055	92,517	77,551	72,999	69,249	77,100	63,107	53,496	54,208	60,676	48,790	38,466	34,935	38,984	30,436	25,643	25,072	25,142	19,769	16,217	15,458	14,270	10,504	7,220
Deferred commission expense
33,214	32,078	29,080	28,672	26,370	23,664	18,759	15,220	12,721	13,343	11,228	11,149	9,550	9,025	8,205	8,128	8,453	8,114	6,644	6,009	5,991	5,995	4,837	3,991
Restricted cash
-	-	6,019	6,019	5,569	5,175	5,175	5,175	5,968	4,757	-	-	-	162	-	-	-	-	213	210	205	230	-	307
Prepaid hosting costs
-	-	-	-	-	-	-	1,568	1,648	-	1,411	1,521	2,234	5,299	1,240	1,224	2,531	3,047	1,593	1,928	1,875	1,777	918	2,958
Prepaid expenses and other current assets
29,923	23,625	20,052	19,991	13,143	14,229	18,132	21,305	15,588	19,382	17,726	20,224	10,263	8,433	10,187	9,206	8,030	4,899	4,598	6,570	4,555	3,516	3,370	1,566
Total current assets
1,112,753	1,109,724	1,081,239	1,082,876	1,083,451	712,418	666,461	647,020	619,543	602,501	571,028	563,780	179,769	176,253	164,062	161,693	151,738	145,754	137,323	140,760	164,176	149,509	32,008	28,685
Long-term investments
66,184	53,776	59,783	38,628	14,548	11,450	13,234	16,375	28,100	31,394	35,669	41,895	37,846	35,718	37,669	30,507	35,113	40,566	43,498	42,342	19,038	-	-	-
Property and equipment, net
85,653	83,649	63,959	58,471	54,995	52,468	51,913	49,311	47,734	43,294	40,601	37,618	34,697	30,201	29,041	28,034	26,897	18,161	11,840	11,337	11,561	11,381	9,874	7,243
Capitalized software development costs, net
18,826	16,793	15,095	13,616	13,365	12,746	12,539	11,477	9,885	8,760	8,566	7,774	7,072	6,523	5,840	4,990	5,086	4,655	4,468	4,233	4,225	4,433	4,805	3,479
Right-of-use assets
230,565	234,390	215,797	224,980	159,096	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred commission expense, net of current portion
18,792	19,110	17,608	18,600	18,535	18,114	15,176	13,293	11,228	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash
-	-	-	-	-	-	-	-	-	-	5,106	5,100	4,940	321	380	370	381	363	347	-	-	-	240	1,610
Other assets
12,883	9,824	7,894	8,052	7,066	6,888	5,656	6,183	5,273	4,964	4,044	1,579	1,184	950	985	1,111	928	1,007	462	259	120	116	2,579	65
Intangible assets, net
10,898	11,752	2,556	3,319	4,119	4,919	5,719	6,212	6,262	6,312	6,362	-	-	16	36	56	76	100	126	153	179	89	102	147
Goodwill
29,956	30,250	14,950	14,950	14,950	14,950	14,950	14,950	14,950	14,950	14,950	9,773	9,773	9,773	9,773	9,773	9,773	9,773	9,773	9,773	9,773	9,330	9,330	9,330
Total assets
1,586,510	1,569,268	1,478,881	1,463,492	1,370,125	833,953	785,648	764,821	742,975	712,175	686,326	667,519	275,281	259,755	247,786	236,534	229,992	220,379	207,837	208,857	209,072	174,858	58,938	50,559
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable
10,671	12,842	14,882	13,264	14,859	7,810	8,817	5,716	5,194	4,657	4,749	2,865	3,257	4,350	3,004	2,707	2,674	2,588	2,577	2,415	1,544	2,800	2,187	2,547
Accrued compensation costs
23,809	26,318	23,913	20,179	21,360	23,589	19,182	14,931	14,680	16,329	11,611	12,668	8,717	11,415	10,284	11,442	8,920	11,371	8,421	8,182	6,440	7,660	4,837	5,079
Accrued expenses and other current liabilities
29,450	28,686	25,706	28,546	25,284	22,305	-	-	-	20,430	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
24,542	23,613	15,646	15,415	15,928	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other accrued expenses
-	-	-	-	-	-	22,781	25,692	23,996	-	25,753	27,354	18,187	16,192	17,383	15,406	14,993	12,313	12,208	12,608	10,313	7,953	8,609	7,160
Deferred revenue
238,913	231,030	200,771	195,509	191,193	183,305	160,509	151,906	148,500	136,880	118,366	109,919	104,432	95,426	83,328	76,507	73,262	64,407	54,390	49,712	46,534	40,805	34,134	24,662
Capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	780	790	-	764	714	649	542	397	235	101	100	98	96
Deferred rent
-	-	-	-	-	-	-	-	-	-	157	157	249	-	207	194	174	86	87	562	365	110	67	-
Total current liabilities
327,385	322,489	280,918	272,913	268,624	237,009	211,289	198,245	192,370	178,296	160,636	153,743	135,632	127,383	114,970	106,970	100,672	91,307	78,080	73,714	65,297	59,428	49,932	39,544
Operating lease liabilities, net of current portion
239,655	244,216	225,628	234,724	171,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital lease obligations, net of current portion
-	-	-	-	-	-	-	-	-	-	-	319	288	-	247	259	285	277	216	141	53	78	104	203
Revolving line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,000	-
Deferred rent, net of current portion
-	-	-	-	-	26,445	24,549	24,219	19,646	18,868	18,173	16,780	11,643	10,079	8,849	8,164	7,378	6,345	4,759	4,149	4,052	4,153	4,110	2,523
Deferred revenue, net of current portion
3,334	3,058	2,835	2,619	2,263	2,179	2,132	1,891	2,284	2,277	1,792	1,394	1,139	1,171	918	675	692	732	608	534	462	500	538	244
Asset retirement obligations
-	-	-	-	-	-	-	-	-	-	-	872	611	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
8,898	8,983	6,182	5,635	4,993	4,897	4,715	4,418	4,222	3,927	3,626	1,944	1,625	2,422	644	14	13	10	-	-	-	-	-	-
Convertible senior notes
346,265	340,564	334,966	329,457	324,042	318,782	313,550	308,409	303,355	298,447	293,563	288,764	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities
925,537	919,310	850,529	845,348	771,122	589,312	556,235	537,182	521,877	501,815	477,790	463,816	150,938	141,055	125,628	116,082	109,040	98,671	83,663	78,538	69,864	64,159	72,684	42,514
Commitments and contingencies (Note 9)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Redeemable convertible preferred stock, $0.001 par value - authorized 25,000 and 58,589 shares at December 31, 2014 and 2013: Designated, issued, and outstanding, 0 and 58,589 shares at December 31, 2014 and 2013, respectively (liquidation and redemption value of $0 at December 31, 2014 and $97,407 at December 31, 2013)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	101,332	101,293
Stockholders’ equity:
Common stock
44	44	43	43	43	40	40	39	39	38	36	36	36	36	35	35	35	34	34	33	32	32	6	5
Additional paid-in capital
1,077,605	1,048,380	1,017,046	990,701	955,045	589,708	563,034	542,543	516,934	496,461	482,964	467,897	379,459	365,444	354,743	342,435	331,730	322,833	314,787	307,295	304,715	265,113	19,627	12,898
Accumulated other comprehensive loss
-830	-336	-909	241	-601	-723	-769	-714	-138	-57	83	-266	-708	-864	-533	-446	-305	-805	-544	-458	-380	-145	-106	-79
Accumulated deficit
-415,846	-398,130	-387,828	-372,841	-355,484	-344,384	-332,892	-314,229	-295,737	-286,082	-274,547	-263,964	-254,444	-245,916	-232,087	-221,572	-210,508	-200,354	-190,103	-176,551	-165,159	-154,301	-134,605	-106,072
Total stockholders’ equity
660,973	649,958	628,352	618,144	599,003	244,641	229,413	227,639	221,098	210,360	208,536	203,703	124,343	118,700	122,158	120,452	120,952	121,708	124,174	130,319	139,208	110,699	-115,078	-93,248
Total liabilities and stockholders’ equity
1,586,510	1,569,268	1,478,881	1,463,492	1,370,125	833,953	785,648	764,821	742,975	712,175	686,326	667,519	275,281	259,755	247,786	236,534	229,992	220,379	207,837	208,857	209,072	174,858	58,938	50,559