16 unchanged sentences
Use of Proceeds
−Removed: On April 23, 2019, we sold 13,041,869 shares of our Class A common stock in connection with our IPO, including 3,130,435 shares sold pursuant to the underwriters’ full exercise of their right to purchase additional shares, at a public offering price of $36.00 per share for an aggregate offering price of $469.5 million.
−Removed: The selling stockholders sold 10,958,131 shares of our Class A common stock at a public offering price of $36.00 per share for an aggregate offering price of $394.5 million.
−Removed: The offer and sale of all of the shares in our IPO were registered under the Securities Act pursuant to a registration statement on Form S-1 (File No.
−Removed: 333-230444), which was declared effective by the SEC on April 17, 2019.
−Removed: Immediately subsequent to the closing of our IPO, Salesforce Ventures LLC purchased 2,777,777 shares of our Class A common stock from us at $36.00 per share in a concurrent private placement.
−Removed: We have applied all of the $469.5 million of net proceeds from the IPO for the purposes described in our final prospectus dated April 17, 2019 filed with the SEC pursuant to Rule 424(b) under the Securities Act.
Issuer Purchases of Equity Securities
−Removed: SELECTED CONSOLIDATED FINANCIAL DATA
−Removed: The following selected consolidated financial data should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the consolidated financial statements and related notes thereto included elsewhere in this Annual Report on Form 10-K.
−Removed: The consolidated statements of operations data for each of the fiscal years ended January 31, 2021, 2020, and 2019, and the consolidated balance sheets data as of January 31, 2021 and 2020, are derived from our audited consolidated financial statements included elsewhere in this Annual Report on Form 10-K.
−Removed: The consolidated statement of operations data for the fiscal years ended January 31, 2018 and 2017 and the consolidated balance sheet data as of January 31, 2019 and 2018 are derived from our audited consolidated financial statements not included in this Annual Report on Form 10-K.
−Removed: Our historical results are not necessarily indicative of our future results.
−Removed: The selected consolidated financial data in this section are not intended to replace the consolidated financial statements and related notes thereto included elsewhere in this Annual Report on Form 10-K and are qualified in their entirety by the consolidated financial statements and related notes thereto included elsewhere in this Annual Report on Form 10-K.
−Removed: Year Ended January 31,
−Removed: 2021 2020 2019 2018 2017
−Removed: (in thousands, except share and per share data)
−Removed: Consolidated Statements of Operations Data:
−Removed: Revenue $ 2,651,368 $ 622,658 $ 330,517 $ 151,478 $ 60,817
−Removed: Cost of revenue (1)
−Removed: 821,989 115,396 61,001 30,780 12,472
−Removed: Gross profit 1,829,379 507,262 269,516 120,698 48,345
−Removed: Operating expenses:
−Removed: Research and development (1)
−Removed: 164,080 67,079 33,014 15,733 9,218
−Removed: Sales and marketing (1)
−Removed: 684,904 340,646 185,821 82,707 31,580
−Removed: General and administrative (1)
−Removed: 320,547 86,841 44,514 27,091 7,547
−Removed: Total operating expenses 1,169,531 494,566 263,349 125,531 48,345
−Removed: Income (loss) from operations 659,848 12,696 6,167 (4,833) 0
−Removed: Interest income and other, net 18,186 13,666 2,182 1,315 158
−Removed: Income (loss) before provision for income taxes 678,034 26,362 8,349 (3,518) 158
−Removed: Provision for income taxes 5,718 1,057 765 304 172
−Removed: Net income (loss) $ 672,316 $ 25,305 $ 7,584 $ (3,822) $ (14)
−Removed: Distributed earnings attributable to participating securities
−Removed: — — — (4,405) (14,366)
−Removed: Undistributed earnings attributable to participating securities (789) (3,555) (7,584) — —
−Removed: Net income (loss) attributable to common stockholders
−Removed: $ 671,527 $ 21,750 $ 0 $ (8,227) $ (14,380)
−Removed: Net income (loss) per share attributable to common stockholders:
−Removed: Basic $ 2.37 $ 0.09 $ 0.00 $ (0.11) $ (0.20)
−Removed: Diluted $ 2.25 $ 0.09 $ 0.00 $ (0.11) $ (0.20)
−Removed: Weighted-average shares used in computing net income (loss) per share attributable to common stockholders:
−Removed: Basic 283,853,654 233,641,336 84,483,094 78,119,865 70,309,256
−Removed: Diluted 298,127,669 254,298,014 116,005,681 78,119,865 70,309,256
−Removed: (1) Includes stock-based compensation expense as follows:
−Removed: Year Ended January 31,
−Removed: 2021 2020 2019 2018 2017
−Removed: (in thousands)
−Removed: Cost of revenue $ 34,960 $ 7,860 $ 1,119 $ 204 $ 87
−Removed: Research and development 50,161 11,645 1,369 360 278
−Removed: Sales and marketing 146,377 41,465 3,540 812 467
−Removed: General and administrative 44,320 12,139 2,913 8,953 207
−Removed: Total stock-based compensation expense $ 275,818 $ 73,109 $ 8,941 $ 10,329 $ 1,039
−Removed: As of January 31,
−Removed: 2021 2020 2019 2018
−Removed: (in thousands)
−Removed: Consolidated Balance Sheets Data:
−Removed: Cash and cash equivalents $ 2,240,303 $ 283,134 $ 63,624 $ 36,146
−Removed: Marketable securities $ 2,004,410 $ 572,060 $ 112,777 $ 103,056
−Removed: Working capital $ 3,532,899 $ 761,692 $ 124,378 $ 114,633
−Removed: Total assets $ 5,297,993 $ 1,289,845 $ 354,565 $ 215,019
−Removed: Deferred revenue, current and noncurrent $ 883,495 $ 230,536 $ 125,773 $ 54,262
−Removed: Convertible promissory notes, net (1)
−Removed: $ — $ — $ 14,858 $ —
−Removed: Convertible preferred stock $ — $ — $ 159,552 $ 159,552
−Removed: Retained earnings (accumulated deficit) $ 672,468 $ 152 $ (25,153) $ (32,737)
−Removed: Total stockholders’ equity (deficit) $ 3,860,767 $ 833,943 $ (7,439) $ (26,671)
−Removed: (1) Included in other liabilities, noncurrent on our consolidated balance sheets.
+Added: Omitted at registrant's option.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.