Dropbox, Inc. (DBX) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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Dropbox, Inc. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $95,800,000.00Stock-based compensation → Operating adjustments reconciliation: $77,300,000.00Depreciation and amortization → Operating adjustments reconciliation: $36,400,000.00Accrued compensation and benefits → Operating adjustments reconciliation: $29,200,000.00Non-cash operating lease expense → Operating adjustments reconciliation: $10,400,000.00Amortization of deferred commissions → Operating adjustments reconciliation: $5,200,000.00Amortization of debt issuance costs → Operating adjustments reconciliation: $5,100,000.00Prepaid expenses and other current assets → Operating adjustments reconciliation: $4,500,000.00Accounts payable → Operating adjustments reconciliation: $3,400,000.00Deferred taxes → Operating adjustments reconciliation: $2,500,000.00Other non-current liabilities → Operating adjustments reconciliation: $2,200,000.00Other assets → Operating adjustments reconciliation: $2,000,000.00Deferred revenue → Operating adjustments reconciliation: $1,300,000.00Other → Operating adjustments reconciliation: $300,000.00Operating adjustments reconciliation → Net cash from operating activities: $142,700,000.00Operating adjustments reconciliation → Accrued and other current liabilities: $21,100,000.00Operating adjustments reconciliation → Operating lease liabilities: $13,900,000.00Operating adjustments reconciliation → Trade and other receivables, net: $2,100,000.00Proceeds from maturities of short-term investments → investing reconciliation: $23,900,000.00Other → investing reconciliation: $1,300,000.00Cash receipts from equipment rebates → investing reconciliation: $600,000.00investing reconciliation → Net cash from investing activities: $19,200,000.00investing reconciliation → Capital expenditures: $3,300,000.00investing reconciliation → Purchase of intangible assets: $3,300,000.00Net cash used in financing activities → financing reconciliation: $410,000,000.00financing reconciliation → Common stock repurchases: $330,300,000.00financing reconciliation → Principal payments on finance lease obligations: $35,300,000.00financing reconciliation → Payments for taxes related to net share settlement of restricted stock units and awards: $32,600,000.00financing reconciliation → Principal payments against term loan facility: $6,700,000.00financing reconciliation → Payments of debt issuance costs and loan commitment fees: $5,100,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,222,100,000.00Net cash from operating activities → Cash sources and uses: $238,500,000.00Net cash from investing activities → Cash sources and uses: $19,200,000.00Cash sources and uses → Exchange-rate effect: $1,400,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $1,068,400,000.00Cash sources and uses → Net cash used in financing activities: $410,000,000.00Net income: $95,800,000.00Net income+$95.80 MDepreciation and amortization: $36,400,000.00Depreciation and amortization+$36.40 MStock-based compensation: $77,300,000.00Stock-based compensation+$77.30 MNet loss on real estate assets: $0.00Amortization of debt issuance costs: $5,100,000.00Debt issuance cost amortization+$5.10 MNet loss on equity investments: $0.00Amortization of deferred commissions: $5,200,000.00Contract cost amortization+$5.20 MNon-cash operating lease expense: $10,400,000.00Operating lease amortization+$10.40 MDeferred taxes: $2,500,000.00Deferred income taxes+$2.50 MOther: $300,000.00Other non-cash items+$300.00 KTrade and other receivables, net: -$2,100,000.00Accounts & other receivables−$2.10 MPrepaid expenses and other current assets: $4,500,000.00Prepaid & other assets+$4.50 MOther assets: $2,000,000.00Other operating assets+$2.00 MAccounts payable: $3,400,000.00Accounts payable+$3.40 MAccrued and other current liabilities: -$21,100,000.00Accrued & other liabilities−$21.10 MAccrued compensation and benefits: $29,200,000.00Accrued compensation+$29.20 MDeferred revenue: $1,300,000.00Deferred revenue+$1.30 MOther non-current liabilities: $2,200,000.00Other noncurrent liabilities+$2.20 MOperating lease liabilities: -$13,900,000.00Operating lease liabilities−$13.90 MCash paid for lease termination: $0.00Net cash from operating activities: $238,500,000.00Operating cash+$238.50 MOperating adjustments reconciliation: $179,800,000.00Proceeds from term loan facility: $0.00Payments of debt issuance costs and loan commitment fees: -$5,100,000.00Debt issuance costs−$5.10 MPrincipal payments against term loan facility: -$6,700,000.00Credit line repayments−$6.70 MRepayment of convertible senior notes: $0.00Payments for taxes related to net share settlement of restricted stock units and awards: -$32,600,000.00Stock-award tax withholding−$32.60 MProceeds from issuance of common stock, net of taxes withheld: $0.00Principal payments on finance lease obligations: -$35,300,000.00Finance lease payments−$35.30 MCommon stock repurchases: -$330,300,000.00Common stock repurchases−$330.30 MPayment of acquisition-related indemnification holdback: $0.00Net cash used in financing activities: -$410,000,000.00. Cash required to fund net payments.Financing cash−$410.00 Mfinancing reconciliation: $410,000,000.00Capital expenditures: -$3,300,000.00PP&E purchases−$3.30 MPurchase of intangible assets: -$3,300,000.00Intangible asset purchases−$3.30 MBusiness combinations, net of cash acquired: $0.00Proceeds from sales of short-term investments: $0.00Proceeds from maturities of short-term investments: $23,900,000.00Short-term investment maturities+$23.90 MCash receipts from equipment rebates: $600,000.00Equipment rebates received+$600.00 KOther: $1,300,000.00Other investing, net+$1.30 MNet cash from investing activities: $19,200,000.00Investing cash+$19.20 Minvesting reconciliation: $25,800,000.00Cash sources and uses: $1,479,800,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,222,100,000.00Beginning cash$1.22 BEnding cash: Cash, cash equivalents, and restricted cash: $1,068,400,000.00Ending cash$1.07 BExchange-rate effect: -$1,400,000.00FX effect−$1.40 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$235.20 MOperating cash − cash spent on PP&ECash flow / Net income2.49×Operating cash flow ÷ net incomeNet cash change−$153.70 MEnding cash − beginning cash
Chart details

Dropbox, Inc. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
1,222,100,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
238,500,000 US dollars. Net cash provided.
Net income
95,800,000 US dollars
Depreciation and amortization
36,400,000 US dollars
Stock-based compensation
77,300,000 US dollars
Net loss on real estate assets
0 US dollars
Amortization of debt issuance costs
5,100,000 US dollars
Net loss on equity investments
0 US dollars
Amortization of deferred commissions
5,200,000 US dollars
Non-cash operating lease expense
10,400,000 US dollars
Deferred taxes
2,500,000 US dollars
Other
300,000 US dollars
Trade and other receivables, net
negative 2,100,000 US dollars
Prepaid expenses and other current assets
4,500,000 US dollars
Other assets
2,000,000 US dollars
Accounts payable
3,400,000 US dollars
Accrued and other current liabilities
negative 21,100,000 US dollars
Accrued compensation and benefits
29,200,000 US dollars
Deferred revenue
1,300,000 US dollars
Other non-current liabilities
2,200,000 US dollars
Operating lease liabilities
negative 13,900,000 US dollars
Cash paid for lease termination
0 US dollars
Investing activities
19,200,000 US dollars. Net cash provided.
Capital expenditures
negative 3,300,000 US dollars
Purchase of intangible assets
negative 3,300,000 US dollars
Business combinations, net of cash acquired
0 US dollars
Proceeds from sales of short-term investments
0 US dollars
Proceeds from maturities of short-term investments
23,900,000 US dollars
Cash receipts from equipment rebates
600,000 US dollars
Other
1,300,000 US dollars
Financing activities
negative 410,000,000 US dollars. Net cash used.
Proceeds from term loan facility
0 US dollars
Payments of debt issuance costs and loan commitment fees
negative 5,100,000 US dollars
Principal payments against term loan facility
negative 6,700,000 US dollars
Repayment of convertible senior notes
0 US dollars
Payments for taxes related to net share settlement of restricted stock units and awards
negative 32,600,000 US dollars
Proceeds from issuance of common stock, net of taxes withheld
0 US dollars
Principal payments on finance lease obligations
negative 35,300,000 US dollars
Common stock repurchases
negative 330,300,000 US dollars
Payment of acquisition-related indemnification holdback
0 US dollars
Operating adjustment reconciliation
179,800,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
410,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
25,800,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 1,400,000 US dollars
Ending cash on Jun 30, 2026
1,068,400,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,479,800,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 153,700,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
2.49×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
238,500,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
3,300,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
235,200,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $142.70M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 238,500,000 US dollars minus 3,300,000 US dollars equals 235,200,000 US dollars.
Dropbox, Inc. (DBX) FY2026 Q2 Statement of Cash Flows Sankey chart
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