Cloudflare, Inc. (NET)

Cloudflare Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-117.08	-78.8	-183.95	-193.38	-260.31	-119.37
Depreciation & Amortization	130.94	103.02	114.32	82.14	45.76	33.71
Other Amortization	117	106.48	87.39	69.97	96.29	54.63
Loss (Gain) From Sale of Investments	-30.04	-42.08	-44.44	-0.26	8.36	1.64
Stock-Based Compensation	400.66	338.46	273.99	202.78	90.14	56.33
Provision & Write-off of Bad Debts	13.08	10.04	13.64	4.83	3.8	3.37
Other Operating Activities	62.74	52.23	98.19	36.82	77.22	13.62
Change in Accounts Receivable	-78.74	-84.05	-116.11	-58.41	-38.39	-34.48
Change in Accounts Payable	2.38	18.63	11.78	-9.61	2.46	1.69
Change in Unearned Revenue	187.96	135.01	134.47	102.2	64.39	25.19
Change in Other Net Operating Assets	-211.29	-178.51	-134.87	-113.49	-25.07	-53.47
Operating Cash Flow	477.62	380.43	254.41	123.6	64.65	-17.13
Operating Cash Flow Growth	58.18%	49.54%	105.84%	91.18%	-	-
Capital Expenditures	-269.14	-185.04	-114.4	-143.61	-92.99	-56.38
Cash Acquisitions	-30.48	-37.99	-6.08	-88.19	-5.61	-13.94
Sale (Purchase) of Intangibles	-29.29	-28.48	-20.55	-19.76	-14.75	-18.59
Investment in Securities	-800.39	-78.76	-45.25	15.82	-596.03	-426.77
Other Investing Activities	0.4	0.04	0.07	0.04	0.05	0.4
Investing Cash Flow	-1,129	-330.22	-186.2	-235.7	-709.32	-515.27
Long-Term Debt Issued	-	-	-	-	1,294	575
Long-Term Debt Repaid	-	-	-207.65	-16.57	-370.65	-0.2
Total Debt Repaid	-	-	-207.65	-16.57	-370.65	-0.2
Net Debt Issued (Repaid)	2,000	-	-207.65	-16.57	923.1	574.8
Issuance of Common Stock	45.63	32.71	33.93	25.4	36.48	18.62
Repurchase of Common Stock	-26.23	-16.77	-7.99	-2.49	-3.82	-8.63
Other Financing Activities	-2.66	-3.15	-10.48	-	-108.28	-79.88
Financing Cash Flow	2,017	12.79	-192.19	6.35	847.49	504.91
Net Cash Flow	1,365	62.99	-123.98	-105.75	202.81	-27.49
Free Cash Flow	208.47	195.39	140.01	-20.01	-28.34	-73.5
Free Cash Flow Growth	14.45%	39.56%	-	-	-	-
Free Cash Flow Margin	11.08%	11.70%	10.80%	-2.05%	-4.32%	-17.05%
Free Cash Flow Per Share	0.60	0.57	0.42	-0.06	-0.09	-0.24
Cash Interest Paid	0.08	0.08	0.67	1.24	3.63	2.19
Cash Income Tax Paid	5	5	4.45	2.22	1.55	0.7
Levered Free Cash Flow	312.93	357.84	313.91	74.51	105.57	-16.63
Unlevered Free Cash Flow	312.41	357.13	313.06	72.97	90.17	-22.65
Change in Net Working Capital	-135.07	-113.55	-92.75	-9.39	-91.46	7.93

Updated Jul 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q