Cloudflare, Inc. (NET)

Cloudflare Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	204.46	147.69	86.86	204.18	313.78	108.9
Short-Term Investments	1,710	1,708	1,587	1,446	1,508	923.2
Cash & Short-Term Investments	1,915	1,856	1,674	1,650	1,822	1,032
Cash Growth	11.58%	10.88%	1.44%	-9.44%	76.52%	61.33%
Receivables	302.31	333.32	259.31	156.84	101.62	67.04
Prepaid Expenses	402.74	75.48	47.5	70.56	29.43	28.23
Restricted Cash	4.37	4.27	2.52	10.56	2.96	2.59
Total Current Assets	2,624	2,269	1,983	1,888	1,956	1,130
Property, Plant & Equipment	691.13	634.97	460.54	418.13	313.62	166.41
Goodwill	181.09	181.09	148.05	148.05	23.53	17.17
Other Intangible Assets	23.9	21.87	19.56	32.48	1.25	2.8
Long-Term Deferred Charges	174.54	172.22	133.24	93.15	70.32	44.18
Other Long-Term Assets	26.31	22.02	15.3	8.22	7.49	20.15
Total Assets	3,721	3,301	2,760	2,588	2,372	1,381
Accounts Payable	93.78	105.81	53.73	35.61	26.09	14.49
Accrued Expenses	166.07	162.46	127.4	110.34	108.64	54.23
Current Portion of Long-Term Debt	-	-	-	-	12.12	-
Current Portion of Leases	53.06	47.63	38.35	33.28	25.18	17.72
Current Unearned Revenue	508.09	477.77	347.61	218.65	116.55	54.95
Total Current Liabilities	821.01	793.65	567.08	397.87	288.57	141.38
Long-Term Debt	1,288	1,287	1,283	1,436	1,147	383.28
Long-Term Leases	134.52	128.27	113.49	107.62	109.04	27.31
Long-Term Unearned Revenue	27.56	22.1	17.24	11.73	4.68	1.89
Other Long-Term Liabilities	23.99	23.63	15.54	10.53	11.55	9.86
Total Liabilities	2,295	2,255	1,997	1,964	1,561	563.71
Common Stock	0.35	0.34	0.34	0.33	0.32	0.3
Additional Paid-In Capital	2,563	2,153	1,785	1,475	1,495	1,237
Retained Earnings	-1,141	-1,103	-1,024	-839.89	-680.83	-420.52
Comprehensive Income & Other	3.65	-4.25	1.98	-11.9	-2.65	0.16
Total Common Equity	1,426	1,046	763.05	623.96	811.36	816.94
Shareholders' Equity	1,426	1,046	763.05	623.96	811.36	816.94
Total Liabilities & Equity	3,721	3,301	2,760	2,588	2,372	1,381
Total Debt	1,476	1,463	1,435	1,577	1,293	428.3
Net Cash (Debt)	438.98	392.71	238.54	72.85	528.64	603.8
Net Cash Growth	57.03%	64.63%	227.46%	-86.22%	-12.45%	-4.04%
Net Cash Per Share	1.28	1.15	0.71	0.22	1.69	2.01
Filing Date Shares Outstanding	346.61	345.07	337.66	330.32	324.08	308.83
Total Common Shares Outstanding	346.53	344.86	337.53	330.09	323.61	308.64
Working Capital	1,803	1,475	1,416	1,490	1,667	988.58
Book Value Per Share	4.11	3.03	2.26	1.89	2.51	2.65
Tangible Book Value	1,221	843.25	595.44	443.43	786.58	796.97
Tangible Book Value Per Share	3.52	2.45	1.76	1.34	2.43	2.58
Machinery	595.17	526.74	371.34	276.95	181.84	132.51
Construction In Progress	69.96	68.97	45.56	72.83	41.42	11.24
Leasehold Improvements	49.57	49.05	42.98	20.39	12.89	10.69

Updated May 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q