← Nutanix, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | ($379.6m) | ($297.2m) | ($621.2m) | ($872.9m) | ($1.0b) | ($797.5m) | ($254.6m) | ($124.8m) | $188.4m | |
| Depreciation and amortization | $38.4m | $50.3m | $77.6m | $93.8m | $94.4m | $88.0m | $76.4m | $73.2m | $72.7m | |
| Amortization of debt discount and issuance cost | $0 | $14.7m | $29.3m | $31.3m | $63.9m | $40.2m | $42.6m | $41.6m | $3.9m | |
| Operating lease cost, net of accretion | — | — | — | $30.4m | $34.8m | $36.9m | $35.4m | $31.5m | $29.0m | |
| Gain On Frame Divestiture | — | — | — | — | — | $0 | ($11.0m) | $0 | $0 | |
| Non-cash interest expense | — | — | — | — | $16.1m | $19.3m | $19.8m | $18.6m | $0 | |
| Operating leases, net | — | — | — | ($28.4m) | ($37.6m) | ($46.8m) | ($40.3m) | ($30.5m) | ($30.0m) | |
| Stock-based compensation | $231.5m | $177.9m | $306.7m | $352.0m | $358.5m | $343.2m | $311.7m | $333.8m | $351.6m | |
| Early exit of lease-related assets | — | — | — | $3.0m | $1.4m | $597k | ($1.0m) | $0 | $0 | |
| Inducement expense from partial repurchase of the 2027 Notes | — | — | — | — | — | — | $0 | $0 | $11.3m | |
| Other | $134k | $0 | $0 | $324k | $6.4m | $9.3m | ($11.4m) | ($13.3m) | ($4.8m) | |
| Accounts receivable, net | ($67.4m) | ($79.3m) | $15.7m | $4.3m | $64.5m | $61.0m | ($25.9m) | ($53.8m) | ($71.9m) | |
| Deferred commissions | ($24.0m) | ($40.9m) | ($39.3m) | ($61.8m) | ($127.9m) | ($24.2m) | $9.6m | ($820k) | $16.5m | |
| Prepaid expenses and other assets | ($14.9m) | ($37.4m) | ($12.0m) | $10.1m | $4.1m | ($36.2m) | ($59.2m) | $46.6m | ($8.1m) | |
| Accounts payable | $21.3m | ($16.5m) | $13.5m | ($16.6m) | ($5.8m) | ($1.5m) | ($9.6m) | $14.7m | $30.0m | |
| Accrued compensation and benefits | $32.7m | $27.9m | $14.4m | $18.8m | ($50.9m) | ($19.7m) | ($6.0m) | $51.9m | $33.3m | |
| Accrued expenses and other liabilities | $5.1m | $34.3m | ($17.5m) | $3.4m | $14.8m | $4.0m | $53.2m | ($82.6m) | ($4.3m) | |
| Deferred revenue | $144.6m | $262.0m | $278.5m | $272.4m | $126.7m | $127.8m | $142.7m | $258.9m | $203.8m | |
| Payments for acquisitions, net of cash acquired | ($184k) | ($22.2m) | ($19.0m) | $0 | — | $0 | $0 | ($4.5m) | $0 | |
| Purchases of property and equipment | ($50.2m) | ($62.4m) | ($118.5m) | ($89.5m) | ($58.6m) | ($49.1m) | ($65.4m) | ($75.3m) | ($71.3m) | |
| Repayment of convertible notes | — | — | — | — | — | $0 | ($145.7m) | ($817.6m) | $0 | |
| Proceeds from sales of shares through employee equity incentive plans | $32.3m | $72.0m | $69.2m | $57.8m | $65.8m | $67.8m | $46.5m | $51.6m | $68.9m | |
| Proceeds from the issuance of convertible notes, net of issuance costs | — | — | ($75k) | — | $723.6m | $88.7m | $0 | $0 | $848.0m | |
| Partial repurchase of the 2027 Notes | — | — | — | — | — | — | $0 | $0 | ($95.5m) | |
| Payment of revolver issuance costs | — | — | — | — | — | — | $0 | $0 | ($2.8m) | |
| Payment of finance lease obligations | — | — | — | — | ($459k) | ($1.1m) | ($3.3m) | ($3.9m) | ($4.6m) | |
| Deferred payment of purchases of property and equipment | $50.2m | $62.4m | $118.5m | $89.5m | $58.6m | $49.1m | $0 | $0 | ($2.0m) | |
| Purchases of property and equipment included in accounts payable and accrued liabilities | $5.6m | $13.4m | $8.1m | $4.6m | $12.8m | $17.1m | $15.8m | $19.3m | $6.9m | |
| Unpaid taxes related to net share settlement of equity awards included in accrued expenses and other liabilities | $5.2m | $10.1m | $29.0m | $16.6m | $16.6m | $20.4m | $0 | $0 | $13.4m | |
| Net cash provided by operating activities | $14.8m | $92.5m | $42.2m | ($159.9m) | ($99.8m) | $67.5m | $272.4m | $672.9m | $821.5m | |
| Purchases of investments | ($242.5m) | ($716.4m) | ($468.1m) | ($607.2m) | ($1.4b) | ($1.1b) | ($955.3m) | ($871.3m) | ($1.4b) | |
| Maturities of investments | $84.2m | $297.5m | $588.8m | $645.8m | $784.2m | $1.1b | $965.0m | $774.2m | $476.2m | |
| Sales of investments | $32.6m | $0 | $0 | $75.4m | $70.1m | $18.0m | $0 | $706.4m | $3.0m | |
| Proceeds from Frame divestiture | — | — | — | — | — | $0 | $5.9m | $0 | $0 | |
| Net cash (used in) provided by investing activities | ($176.1m) | ($503.6m) | ($16.9m) | $24.6m | ($597.2m) | ($54.2m) | ($49.8m) | $529.6m | ($951.7m) | |
| Conversion of convertible senior notes attributable to debt discount and issuance costs | — | — | — | — | — | $0 | $0 | $107.9m | $0 | |
| Payment of third-party debt issuance costs | — | — | — | — | — | — | $0 | $0 | ($3.4m) | |
| Repurchases of common stock | — | — | — | — | ($125.1m) | ($58.6m) | $0 | ($131.1m) | ($307.9m) | |
| Net cash (used in) provided by financing activities | $201.4m | $578.6m | $67.1m | $57.8m | $663.8m | $103.6m | ($112.7m) | ($1.1b) | $244.1m | |
| Net increase in cash, cash equivalents and restricted cash | $40.1m | $167.6m | $92.4m | ($77.5m) | ($33.1m) | $117.0m | $109.9m | $139.9m | $113.9m | |
| Cash, cash equivalents and restricted cash—beginning of period | $139.5m | $307.1m | $399.5m | $322.0m | $288.9m | $405.9m | $515.8m | $655.7m | $769.5m | |
| Restricted cash | $1.1m | $1.1m | $2.8m | $3.3m | $3.1m | $3.0m | $2.8m | $392k | $15k | |
| Cash and cash equivalents—end of period | $138.4m | $306.0m | $396.7m | $318.7m | $285.7m | $402.9m | $512.9m | $655.3m | $769.5m | |
| Forfeited paid-in-kind interest recognized in equity upon note conversion | $1.3m | $0 | $0 | — | — | $0 | $0 | $6.0m | $0 | |
| Taxes paid related to net share settlement of equity awards | $5.2m | $10.1m | $29.0m | $16.6m | $16.6m | $0 | ($10.2m) | ($161.6m) | ($256.6m) | |
| Cash paid for income taxes | $5.2m | $10.1m | $29.0m | $16.6m | $16.6m | $20.4m | $30.8m | $23.6m | $32.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.