PROOFPOINT, INC. PFPT Balance Sheet

Proofpoint, inc. (PFPT)

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	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11
Assets
Current assets:
Cash and cash equivalents
921,743	847,555	1,020,183	149,697	216,586	185,392	160,561	114,225	101,411	286,072	416,006	392,886	381,862	345,426	374,182	367,260	377,441	346,205	368,171	402,144	170,005	180,337	194,617	226,845	257,247	243,786	51,828	64,818	44,654	39,254	31,528	46,157	12,575	9,767
Short-term investments
23,927	43,385	31,327	33,008	40,405	46,307	29,829	19,832	15,789	45,526	43,620	36,599	31,015	51,325	38,165	44,860	32,344	60,032	48,199	8,510	23,530	34,649	38,175	0	0	8,015	19,760	24,866	45,588	47,263	49,125	35,197	616	2,947
Accounts receivable, net
172,082	265,741	204,769	170,998	163,139	199,194	143,859	140,644	119,039	107,696	91,478	75,568	62,443	72,951	69,167	57,756	55,414	54,522	38,397	44,298	32,146	40,912	32,770	26,273	22,347	26,221	21,881	21,054	20,544	18,115	17,081	12,237	14,334	15,789
Inventory
377	1,249	425	356	612	481	372	400	603	730	457	497	472	598	430	302	582	485	838	435	426	499	1,298	1,343	1,296	860	429	542	410	567	898	506	494	729
Deferred product costs
2,946	2,723	2,078	1,902	1,703	1,800	1,789	1,727	1,632	1,541	1,654	1,488	1,749	1,829	1,840	1,770	1,799	2,228	2,324	1,881	1,390	1,847	1,793	1,943	1,222	1,004	928	1,092	1,271	1,184	1,298	1,526	1,738	1,803
Deferred commissions
48,039	47,250	42,473	40,208	37,986	37,391	32,840	29,711	27,494	26,249	21,458	20,516	18,513	21,168	18,822	18,687	17,857	19,314	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets
27,873	22,081	19,053	21,300	21,824	16,872	19,274	22,349	21,704	18,669	14,380	12,411	13,372	17,498	15,512	5,987	6,148	5,695	9,055	8,175	8,178	7,994	10,118	10,272	8,750	7,963	3,838	3,760	3,678	3,491	3,690	2,867	2,119	2,556
Total current assets
1,196,987	1,229,984	1,320,308	417,469	482,255	487,437	388,524	328,888	287,672	486,483	589,053	539,965	509,426	510,795	518,118	496,622	491,585	488,481	466,984	465,443	235,675	266,238	278,771	266,676	290,862	287,849	98,664	116,132	116,145	109,874	103,620	98,490	31,876	33,591
Property and equipment, net
79,591	73,512	70,285	70,688	68,361	70,627	73,518	75,941	78,024	73,617	66,563	64,712	58,404	52,523	47,715	43,426	37,973	34,501	30,355	26,774	21,796	18,718	18,369	15,337	12,853	11,221	10,545	9,124	8,438	8,560	7,700	7,472	6,760	7,353
Operating lease right-of-use assets
54,960	51,852	53,719	52,156	54,635	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term deferred product costs
417	581	349	296	300	303	316	326	274	259	294	292	299	310	297	336	578	314	308	614	561	307	342	413	282	357	272	287	286	326	371	495	644	987
Goodwill
687,517	687,517	543,143	543,143	457,274	460,425	460,596	460,592	460,592	297,704	167,270	167,270	167,270	167,270	140,282	133,769	133,769	133,769	127,701	126,525	126,875	107,504	81,832	82,012	63,764	63,764	39,206	20,009	18,557	18,557	18,557	18,557	18,557	18,557
Intangible assets, net
171,046	186,023	124,689	136,207	126,346	136,645	147,237	158,355	169,596	95,602	49,306	53,386	57,538	61,708	43,089	34,556	37,925	41,330	38,052	33,962	36,879	27,086	22,257	24,507	21,016	22,976	13,348	5,745	2,509	2,913	3,325	3,738	4,910	6,189
Long-term deferred commissions
90,053	90,305	79,488	74,479	71,038	69,989	60,459	53,712	51,548	51,954	5,476	4,356	4,479	4,496	3,613	3,494	3,464	3,488	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
17,690	17,737	16,045	15,426	9,029	7,592	7,064	6,088	9,958	12,813	8,170	10,725	10,542	4,558	5,720	3,984	3,756	3,733	3,912	3,872	4,174	4,163	4,157	4,347	4,297	4,392	3,848	3,546	205	211	253	249	1,981	1,275
Total assets
2,298,261	2,337,511	2,208,026	1,309,864	1,269,238	1,233,018	1,137,714	1,083,902	1,057,664	1,018,432	886,132	840,706	807,958	801,660	758,834	716,187	709,050	705,616	667,312	657,190	425,960	424,016	405,728	393,292	393,074	390,559	165,883	154,843	146,140	140,441	133,826	129,001	64,728	67,952
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable
9,242	16,311	17,819	18,567	14,735	20,237	14,931	17,229	19,201	12,271	9,646	14,273	12,068	15,297	13,387	17,484	15,082	14,081	9,405	12,977	10,470	9,249	8,270	8,782	8,804	7,281	4,468	5,391	4,586	2,496	4,385	2,121	3,638	3,504
Accrued liabilities
109,067	119,423	103,573	71,336	71,019	90,719	81,578	62,404	51,782	65,503	54,548	40,267	37,071	50,765	45,315	30,314	26,207	35,053	33,540	24,573	23,648	24,220	23,242	16,892	18,519	19,260	15,960	10,512	11,823	12,078	11,568	9,623	9,153	10,061
Capital lease obligations
-	-	-	-	-	-	31	35	31	34	34	31	32	32	33	33	32	32	28	2	280	695	1,110	1,523	1,659	1,655	1,667	1,678	1,659	1,658	1,658	1,650	830	467
Deferred rent
-	-	-	-	-	829	799	799	645	586	511	460	484	409	558	551	513	496	461	486	544	569	366	295	246	297	445	554	511	462	839	512	519	517
Operating lease liabilities
18,166	20,202	20,529	22,510	23,851	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
604,838	615,874	542,429	515,048	499,024	490,296	444,051	426,090	404,639	364,521	325,070	297,446	277,069	259,109	239,103	215,759	203,142	182,195	160,897	142,087	124,147	123,550	109,304	98,406	92,643	89,450	75,053	68,694	65,068	62,642	54,170	54,184	51,425	52,836
Total current liabilities
741,313	771,810	684,350	627,461	608,629	602,081	541,390	506,557	476,298	442,915	389,809	352,477	326,724	325,612	298,396	264,141	244,976	231,857	204,331	180,125	159,089	158,283	142,292	125,898	121,871	117,943	97,593	86,829	83,647	79,336	72,620	68,090	65,565	67,385
Convertible senior notes
757,965	749,620	741,367	-	-	-	0	204,011	200,911	197,858	381,149	377,422	371,941	366,541	361,215	355,967	350,796	345,699	340,677	335,728	163,882	161,396	159,409	157,218	155,058	152,928	-	-	-	0	-	-	-	-
Long-term capital lease obligations
-	-	-	-	-	-	30	38	46	55	63	75	83	91	98	106	115	123	124	-	-	0	0	2	280	695	1,110	1,525	1,939	2,354	2,767	3,147	4,123	4,514
Long-term deferred rent
-	-	-	-	-	3,757	3,918	3,950	4,157	4,102	3,495	3,186	2,630	2,413	1,869	1,967	2,025	2,033	1,904	1,986	2,038	2,099	1,667	1,180	-	56	-	-	-	-	-	-	-	-
Long-term operating lease liabilities
38,917	36,223	36,835	34,461	35,011	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
33,157	19,172	18,571	9,223	7,278	6,812	7,241	7,162	11,154	11,069	11,215	10,877	10,552	9,008	5,718	4,422	1,188	1,188	5,131	5,177	5,227	6,640	7,008	7,095	7,324	7,244	3,062	1,311	661	726	257	252	93	85
Long-term deferred revenue
168,730	168,189	132,174	113,431	111,209	107,834	81,287	65,147	61,404	63,318	67,436	62,903	59,300	53,072	41,436	38,611	39,886	41,531	38,859	41,854	47,819	39,125	34,080	33,157	35,250	34,533	26,275	25,780	26,112	24,217	24,666	21,722	24,078	23,404
Total liabilities
1,740,082	1,745,014	1,613,297	784,576	762,127	720,484	633,866	786,865	753,970	719,317	853,167	806,940	771,230	756,737	708,732	665,214	638,986	622,431	591,026	564,870	378,055	367,543	344,456	324,550	319,783	313,399	128,040	115,445	112,359	106,633	100,310	93,211	93,859	95,388
Commitments and contingencies (Note 7)
-	-	-	-	-	-	0	0	0	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0
Convertible preferred stock (Note 9), $0.0001 par value no shares authorized, issued and outstanding as of December 31, 2012 and 39,424 shares authorized, 38,942 shares issued and outstanding at December 31, 2011, net of issuance costs and liquidation preference of $110,338
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	109,911	109,911
Stockholders’ equity:
Convertible preferred stock, $0.0001 par value; 5,000 shares authorized; no shares issued and outstanding
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	-	-	0	0	0	0	-	0
Common stock, $0.0001 par value; 200,000 shares authorized; 57,260 and 56,784 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively
6	6	6	6	6	6	5	5	5	5	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	3	3	3	4	1	1
Additional paid-in capital
1,357,999	1,318,084	1,291,580	1,177,800	1,130,711	1,107,953	1,078,028	835,156	807,516	787,572	576,446	555,287	532,314	514,034	496,332	478,828	459,618	441,104	425,616	413,212	343,829	330,744	318,178	308,267	297,691	287,165	235,965	230,340	222,659	216,280	210,484	208,188	27,828	24,773
Accumulated other comprehensive income
5	1	3	2	1	-7	-2	-1	-2	-9	0	-3	-3	-7	-10	-2	-2	-23	-7	-2	-7	-27	-36	-	-	0	-1	-10	-11	3	10	-12	0	-3
Accumulated deficit
-799,831	-725,594	-696,860	-652,520	-623,607	-595,418	-574,183	-538,123	-503,825	-488,453	-543,485	-521,522	-495,587	-469,108	-446,224	-427,857	-389,556	-357,900	-349,327	-320,894	-295,921	-274,248	-256,874	-239,529	-224,404	-210,009	-198,125	-190,936	-188,870	-182,478	-176,981	-172,390	-166,871	-162,118
Total stockholders’ equity
558,179	592,497	594,729	525,288	507,111	512,534	503,848	297,037	303,694	299,115	32,965	33,766	36,728	44,923	50,102	50,973	70,064	83,185	76,286	92,320	47,905	56,473	61,272	68,742	73,291	77,160	37,843	39,398	33,781	33,808	33,516	35,790	-139,042	-137,347
Total liabilities and stockholders’ equity
2,298,261	2,337,511	2,208,026	1,309,864	1,269,238	1,233,018	1,137,714	1,083,902	1,057,664	1,018,432	886,132	840,706	807,958	801,660	758,834	716,187	709,050	705,616	667,312	657,190	425,960	424,016	405,728	393,292	393,074	390,559	165,883	154,843	146,140	140,441	133,826	129,001	64,728	67,952