Cloudflare, Inc. (NET) [Rocket]

In millions, except per share items	Jun-30-23	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21	Mar-31-21
	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q
Assets
Current assets:
Cash and cash equivalents	159.3	142.7	152.0	313.8	618.2	247.6	187.5
Available-for-sale securities	1,425.3	1,499.2	1,573.3	1,508.1	1,195.6	786.0	847.7
Accounts receivable, net	177.9	122.1	125.4	95.5	84.7	75.9	71.2
Contract assets	8.7	7.2	6.3	6.1	5.0	5.2	3.7
Restricted cash short-term	2.8	9.4	2.5	3.0	0.5	2.7	2.7
Prepaid expenses and other current assets	44.1	33.5	35.4	29.4	26.5	28.7	27.1
Total current assets	1,818.1	1,814.0	1,894.8	1,955.9	1,930.6	1,146.0	1,139.9
Property and equipment, net	293.3	244.6	202.4	183.7	176.6	156.7	135.8
Goodwill	148.0	149.1	28.5	23.5	17.2	17.2	17.2
Acquired intangible assets, net	22.7	42.3	3.8	1.3	0.7	1.4	2.1
Operating lease right-of-use assets	130.0	132.2	138.9	130.3	101.3	44.5	41.7
Deferred contract acquisition costs, noncurrent	107.5	80.7	76.3	70.3	61.6	56.6	49.0
Restricted cash	2.3	1.7	6.0	4.2	6.7	6.7	6.7
Other noncurrent assets	11.3	3.9	3.3	2.8	21.0	17.0	13.2
Total assets	2,533.2	2,468.5	2,353.9	2,372.1	2,315.5	1,445.9	1,405.5

Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	32.4	55.7	32.9	26.1	34.6	29.6	20.5
Accrued expenses and other current liabilities	54.6	53.2	40.9	65.9	37.2	33.5	31.7
Accrued compensation	46.8	36.6	40.0	65.9	37.2	31.1	31.7
Operating lease liabilities	35.4	28.3	27.3	25.2	23.5	20.0	18.0
Liability for early exercise of unvested stock options	0.7	3.2	3.9	4.7	5.5	6.5	7.5
Deferred revenue	268.0	155.8	131.7	116.5	92.4	79.8	66.4
Current portion of convertible senior notes, net	35.3			12.1
Total current liabilities	473.1	332.8	276.6	288.6	227.0	200.5	168.1
Convertible senior notes, net	1,281.4	1,433.9	1,432.7	1,146.9	1,143.3	401.4	392.2
Operating lease liabilities, noncurrent	107.0	105.3	114.6	109.0	81.1	26.9	25.6
Deferred revenue, noncurrent	18.9	6.8	5.6	4.7	4.6	4.7	5.1
Other noncurrent liabilities	11.0	9.1	9.0	7.1	6.4	11.3	10.4
Total liabilities	1,891.4	1,888.0	1,838.5	1,556.3	1,462.4	644.8	601.5

Commitments and contingencies (Note 8)
Stockholders’ Equity
Common stock, value, issued
Additional paid-in capital	1,620.3	1,347.7	1,215.8	1,494.5	1,456.4	1,296.8	1,264.2
Accumulated deficit	-972.4	-751.4	-687.9	-680.8	-603.3	-496.0	-460.5
Accumulated other comprehensive loss	-6.3	-16.1	-12.7	-5.3	-0.2	0.0	0.0
Total stockholders’ equity	641.8	580.5	515.5	811.4	853.2	801.1	804.0
Total liabilities and stockholders’ equity	2,533.2	2,468.5	2,353.9	2,372.1	2,315.5	1,445.9	1,405.5