ZSCALER, INC. ZS Balance Sheet

Zscaler, inc. (ZS)

Balance Sheet / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jul'17
Assets
Current assets:
Cash and cash equivalents
76,534	69,346	78,484	54,974	67,467	42,786	135,579	287,443	87,978
Short-term investments
308,380	308,285	286,162	297,762	272,476	271,254	162,960	-	0
Accounts receivable, net
94,784	70,482	93,341	71,151	75,470	49,228	61,611	40,215	39,052
Deferred contract acquisition costs
23,527	22,060	21,219	19,391	18,058	16,387	16,136	13,753	10,469
Prepaid expenses and other current assets
19,917	18,713	16,880	12,765	12,540	11,949	10,878	9,036	5,410
Total current assets
523,142	488,886	496,086	456,043	446,011	391,604	387,164	350,447	142,909
Property and equipment, net
52,355	48,361	41,046	31,976	25,762	24,132	19,765	20,441	13,139
Operating lease right-of-use assets
32,142	32,585	-	-	-	-	-	-	-
Deferred contract acquisition costs, noncurrent
50,523	48,366	48,566	44,714	42,543	39,591	39,774	32,755	24,193
Acquired intangible assets, net
7,287	7,929	8,708	-	-	-	0	-	-
Goodwill
7,479	7,479	7,479	-	-	-	0	-	-
Other noncurrent assets
3,497	2,622	2,277	4,803	3,797	2,767	1,078	1,895	2,661
Total assets
676,425	636,228	604,162	537,536	518,113	458,094	447,781	405,538	182,902
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable
2,675	3,784	6,208	3,585	3,459	4,573	4,895	4,944	3,763
Accrued expenses and other current liabilities
13,606	12,003	12,810	11,815	13,934	14,925	13,874	13,767	11,648
Accrued compensation
25,019	22,926	21,544	21,845	15,541	18,686	23,393	14,820	11,608
Liability for early exercised unvested stock options
-	-	-	695	972	1,249	-	2,625	7,972
Deferred revenue
251,221	218,191	221,387	183,622	176,326	144,472	140,670	111,035	85,468
Operating lease liabilities
11,142	9,413	-	-	-	-	-	-	-
Total current liabilities
303,663	266,317	261,949	221,562	210,232	183,905	182,832	147,191	120,459
Deferred revenue, noncurrent
28,801	27,678	29,815	27,920	29,694	20,807	23,353	13,771	11,151
Operating lease liabilities, noncurrent
23,300	24,825	-	-	-	-	-	-	-
Other noncurrent liabilities
1,497	3,356	3,840	1,475	1,114	1,204	1,360	1,384	1,457
Total liabilities
357,261	322,176	295,604	250,957	241,040	205,916	207,545	162,346	133,067
Commitments and contingencies (Note 8)
-	-	-	-	-	0	-	0	0
Redeemable convertible preferred stock; $0.001 par value; no shares and 73,100 shares authorized as of July 31, 2018 and 2017, respectively; no shares and 72,501 shares issued and outstanding as of July 31, 2018 and 2017, respectively; aggregate liquidation preference of $0 and $201,376 as of July 31, 2018 and 2017, respectively
-	-	-	-	-	-	-	0	200,977
Stockholders’ Equity
Preferred stock; $0.001 par value; 200,000 shares authorized as of July 31, 2019 and 2018, respectively; no shares issued and outstanding as of July 31, 2019 and 2018
-	-	-	0	0	0	0	0	0
Common stock; $0.001 par value; 1,000,000 shares authorized as of January 31, 2020 and July 31, 2019; 129,266 and 127,253 shares issued and outstanding as of January 31, 2020 and July 31, 2019, respectively
129	128	127	126	124	122	119	119	18
Additional paid-in capital
589,229	555,019	532,618	505,531	483,951	455,761	438,392	434,250	18,734
Notes receivable from stockholders
-	-	-	0	0	0	2,051	2,039	7,878
Accumulated other comprehensive income
491	436	268	101	-59	-317	-124	-	0
Accumulated deficit
-270,685	-241,531	-224,455	-219,179	-206,943	-203,388	-196,100	-189,138	-162,016
Total stockholders’ equity
319,164	314,052	308,558	286,579	277,073	252,178	240,236	243,192	-151,142
Total liabilities and stockholders’ equity
676,425	636,228	604,162	537,536	518,113	458,094	447,781	405,538	182,902