TWILIO INC. (TWLO) FY2024 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-03-31

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TWILIO INC. cash flow reconciliation, Jan 1, 2024 through Mar 31, 2024One 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. Read chart description and values below for full signed amounts, including zero items.Stock-based compensation including restructuring → operating reconciliation: $158,606,000.00Depreciation and amortization → operating reconciliation: $53,318,000.00Share of losses from equity method investment → operating reconciliation: $29,575,000.00Amortization of deferred commissions → operating reconciliation: $18,829,000.00Prepaid expenses and other current assets → operating reconciliation: $16,901,000.00Accounts receivable → operating reconciliation: $15,637,000.00Other long-term assets → operating reconciliation: $6,859,000.00Provision for doubtful accounts → operating reconciliation: $6,204,000.00Non-cash reduction to the right-of-use asset → operating reconciliation: $5,076,000.00Other adjustments → operating reconciliation: $4,996,000.00Other long-term liabilities → operating reconciliation: $306,000.00operating reconciliation → Net cash from operating activities: $190,123,000.00operating reconciliation → Net loss: $55,349,000.00operating reconciliation → Accounts payable: $37,762,000.00operating reconciliation → Operating lease liabilities: $12,470,000.00operating reconciliation → Accrued expenses and other current liabilities: $12,447,000.00operating reconciliation → Net amortization of investment premium and discount: $6,029,000.00operating reconciliation → Deferred revenue and customer deposits: $2,127,000.00Proceeds from sales and maturities of marketable securities → investing reconciliation: $638,185,000.00investing reconciliation → Net cash from investing activities: $189,770,000.00investing reconciliation → Purchases of marketable securities and other investments: $435,590,000.00investing reconciliation → Capitalized software development costs: $11,154,000.00investing reconciliation → Purchases of long-lived and intangible assets: $1,671,000.00Net cash used in financing activities → financing reconciliation: $363,229,000.00Proceeds from exercises of stock options → financing reconciliation: $421,000.00financing reconciliation → Repurchases of shares of Class A common stock and related costs: $356,900,000.00financing reconciliation → Principal payments on debt and finance leases: $4,832,000.00financing reconciliation → Value of equity awards withheld for tax liabilities: $1,918,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $655,931,000.00Net cash from operating activities → Cash sources and uses: $190,123,000.00Net cash from investing activities → Cash sources and uses: $189,770,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $672,595,000.00Cash sources and uses → Net cash used in financing activities: $363,229,000.00Amortization of deferred commissions: $18,829,000.00Contract cost amortization+$18.83 MNet amortization of investment premium and discount: -$6,029,000.00Investment discount & premium−$6.03 MProvision for doubtful accounts: $6,204,000.00Credit loss provision+$6.20 MAccounts payable: -$37,762,000.00Accounts payable−$37.76 MOther adjustments: $4,996,000.00Other operating, net+$5.00 MImpairment of long-lived assets: $0.00Non-cash reduction to the right-of-use asset: $5,076,000.00Operating lease amortization+$5.08 MImpairment of strategic investments: $0.00Accounts receivable: $15,637,000.00Accounts receivable+$15.64 MDeferred revenue and customer deposits: -$2,127,000.00Deferred revenue−$2.13 MShare of losses from equity method investment: $29,575,000.00Equity-method results+$29.58 MDepreciation and amortization: $53,318,000.00Depreciation & amortization+$53.32 MAccrued expenses and other current liabilities: -$12,447,000.00Accrued liabilities−$12.45 MPrepaid expenses and other current assets: $16,901,000.00Prepaid & other assets+$16.90 MOther long-term assets: $6,859,000.00Other noncurrent assets+$6.86 MOther long-term liabilities: $306,000.00Other noncurrent liabilities+$306.00 KStock-based compensation including restructuring: $158,606,000.00Stock-based compensation+$158.61 MOperating lease liabilities: -$12,470,000.00Operating lease liabilities−$12.47 MNet loss: -$55,349,000.00Net loss−$55.35 MNet cash from operating activities: $190,123,000.00Operating cash+$190.12 Moperating reconciliation: $316,307,000.00Repurchases of shares of Class A common stock and related costs: -$356,900,000.00Common stock repurchases−$356.90 MProceeds from exercises of stock options: $421,000.00Stock option exercises+$421.00 KValue of equity awards withheld for tax liabilities: -$1,918,000.00Stock-award tax withholding−$1.92 MPrincipal payments on debt and finance leases: -$4,832,000.00Debt & capital securities repaid−$4.83 MNet cash used in financing activities: -$363,229,000.00. Cash required to fund net payments.Financing cash−$363.23 Mfinancing reconciliation: $363,650,000.00Proceeds from sales and maturities of marketable securities: $638,185,000.00AFS securities maturities+$638.19 MPurchases of marketable securities and other investments: -$435,590,000.00Investment purchases−$435.59 MCapitalized software development costs: -$11,154,000.00Software development costs−$11.15 MPurchases of long-lived and intangible assets: -$1,671,000.00Other capital spending−$1.67 MNet cash from investing activities: $189,770,000.00Investing cash+$189.77 Minvesting reconciliation: $638,185,000.00Cash sources and uses: $1,035,824,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $655,931,000.00Beginning cash$655.93 MEnding cash: Cash, cash equivalents, and restricted cash: $672,595,000.00Ending cash$672.60 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsNet loss −$55.35M + net operating adjustments $245.47M = operating cash +$190.12MFree cash flowNot availableCash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$16.66 MEnding cash − beginning cash
Chart details

TWILIO INC. cash flow reconciliation, Jan 1, 2024 through Mar 31, 2024

Cash flows for Jan 1, 2024 through Mar 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Mar 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2023
655,931,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
190,123,000 US dollars. Net cash provided.
Amortization of deferred commissions
18,829,000 US dollars
Net amortization of investment premium and discount
negative 6,029,000 US dollars
Provision for doubtful accounts
6,204,000 US dollars
Accounts payable
negative 37,762,000 US dollars
Other adjustments
4,996,000 US dollars
Impairment of long-lived assets
0 US dollars
Non-cash reduction to the right-of-use asset
5,076,000 US dollars
Impairment of strategic investments
0 US dollars
Accounts receivable
15,637,000 US dollars
Deferred revenue and customer deposits
negative 2,127,000 US dollars
Share of losses from equity method investment
29,575,000 US dollars
Depreciation and amortization
53,318,000 US dollars
Accrued expenses and other current liabilities
negative 12,447,000 US dollars
Prepaid expenses and other current assets
16,901,000 US dollars
Other long-term assets
6,859,000 US dollars
Other long-term liabilities
306,000 US dollars
Stock-based compensation including restructuring
158,606,000 US dollars
Operating lease liabilities
negative 12,470,000 US dollars
Net loss
negative 55,349,000 US dollars
Investing activities
189,770,000 US dollars. Net cash provided.
Proceeds from sales and maturities of marketable securities
638,185,000 US dollars
Purchases of marketable securities and other investments
negative 435,590,000 US dollars
Capitalized software development costs
negative 11,154,000 US dollars
Purchases of long-lived and intangible assets
negative 1,671,000 US dollars
Financing activities
negative 363,229,000 US dollars. Net cash used.
Repurchases of shares of Class A common stock and related costs
negative 356,900,000 US dollars
Proceeds from exercises of stock options
421,000 US dollars
Value of equity awards withheld for tax liabilities
negative 1,918,000 US dollars
Principal payments on debt and finance leases
negative 4,832,000 US dollars
Operating adjustment reconciliation
316,307,000 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
363,650,000 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
638,185,000 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
0 US dollars
Ending cash on Mar 31, 2024
672,595,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,035,824,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
16,664,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.

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 loss −$55.35M + net operating adjustments $245.47M = operating cash +$190.12M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • 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.
TWILIO INC. (TWLO) FY2024 Q1 Statement of Cash Flows Sankey chart
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