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TWILIO INC (TWLO)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    United States  1,881.91,282.2808.9484.8308.6 143.178.3
    International  960.0479.6325.6165.390.4 23.810.6
Total revenues  2,841.81,761.81,134.5650.1399.0277.3166.988.8
            Revenue growth   [+]61.3%55.3%74.5%62.9%43.9%66.1%87.9%78.0%
Cost of goods sold  1,451.1846.1525.6300.8182.9120.574.541.4
Gross profit  1,390.7915.7608.9349.2216.1156.892.547.4
            Gross margin  48.9%52.0%53.7%53.7%54.2%56.5%55.4%53.4%
Selling, general and administrative   [+]1,517.1878.0587.3293.1161.5116.385.352.3
Research and development  789.2530.5391.4171.4120.777.942.621.8
Other operating expenses       3.9  
EBITDA   [+]-657.2-343.2-259.4-89.1-47.3-33.0-31.2-24.9
            EBITDA margin  -23.1%-19.5%-22.9%-13.7%-11.9%-11.9%-18.7%-28.1%
Depreciation  59.651.137.518.913.17.43.71.7
EBITA  -716.8-394.3-296.9-108.0-60.4-40.4-34.9-26.7
            EBITA margin  -25.2%-22.4%-26.2%-16.6%-15.1%-14.6%-20.9%-30.0%
Amortization of intangibles  198.898.672.97.25.70.90.50.0
EBIT   [+]-915.6-492.9-369.8-115.2-66.1-41.3-35.4-26.7
            EBIT margin  -32.2%-28.0%-32.6%-17.7%-16.6%-14.9%-21.2%-30.0%
Interest income  55.732.420.83.02.6   
Other income (expense), net   [+]-101.0-43.9-13.2-8.90.50.30.0-0.1
Pre-tax income  -960.9-504.4-362.2-121.2-63.0-41.0-35.4-26.7
Income taxes  -11.0-13.4-55.20.80.70.30.10.0
            Tax rate  1.1%2.7%15.2%     
Net income  -949.9-491.0-307.1-121.9-63.7-41.3-38.9-26.8
            Net margin  -33.4%-27.9%-27.1%-18.8%-16.0%-14.9%-23.3%-30.1%
   
Basic EPS   [+]($5.45)($3.35)($2.36)($1.26)($0.70)($0.78)($2.19)($1.58)
Diluted EPS   [+]($5.45)($3.35)($2.36)($1.26)($0.70)($0.78)($2.19)($1.58)
   
Shares outstanding (basic)   [+]174.2146.7130.197.191.253.117.716.9
Shares outstanding (diluted)   [+]174.2146.7130.197.191.253.117.716.9
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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