10-Q Filing

DYNATRACE, INC. CIK: 1773383 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001773383-20-000080`
Period End Date	20200630
Filing Date	20200730
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	quarterlyfsfy21q1_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 40 Cash Flow Statement 56 Stockholders Equity 22 Comprehensive Income 8

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Common shares, authorized (in shares)	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Common shares, authorized (in shares)	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Common shares, issued (in shares)	`CommonStockSharesIssued`	280.85M	shares	Point-in-time
Common shares, issued (in shares)	`CommonStockSharesIssued`	281.06M	shares	Point-in-time
Common shares, outstanding (in shares)	`CommonStockSharesOutstanding`	281.06M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$213.17M	USD	Point-in-time
Common shares, outstanding (in shares)	`CommonStockSharesOutstanding`	280.85M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$250.38M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$157.06M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$93.76M	USD	Point-in-time
Deferred commissions, current	`CapitalizedContractCostNetCurrent`	$39.08M	USD	Point-in-time
Deferred commissions, current	`CapitalizedContractCostNetCurrent`	$38.51M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$58.72M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$61.19M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$441.94M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$469.93M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$33.67M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$31.51M	USD	Point-in-time
Operating lease right-of-use asset, net	`OperatingLeaseRightOfUseAsset`	$44.21M	USD	Point-in-time
Goodwill	`Goodwill`	$1.27B	USD	Point-in-time
Goodwill	`Goodwill`	$1.27B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$201.59M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$188.72M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$21.18M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$20.46M	USD	Point-in-time
Deferred commissions, non-current	`CapitalizedContractCostNetNoncurrent`	$39.74M	USD	Point-in-time
Deferred commissions, non-current	`CapitalizedContractCostNetNoncurrent`	$37.78M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$8.13M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$8.35M	USD	Point-in-time
Total assets	`Assets`	$2.04B	USD	Point-in-time
Total assets	`Assets`	$2.05B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.77M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.11M	USD	Point-in-time
Accrued expenses, current	`AccruedLiabilitiesCurrent`	$74.91M	USD	Point-in-time
Accrued expenses, current	`AccruedLiabilitiesCurrent`	$93.73M	USD	Point-in-time
Deferred revenue, current	`ContractWithCustomerLiabilityCurrent`	$384.06M	USD	Point-in-time
Deferred revenue, current	`ContractWithCustomerLiabilityCurrent`	$352.80M	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$9.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$488.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$441.19M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$60.71M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$49.58M	USD	Point-in-time
Accrued expenses, non-current	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$18.06M	USD	Point-in-time
Accrued expenses, non-current	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$20.99M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$38.97M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$509.99M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$510.45M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.06B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.08B	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common shares, $0.001 par value, 600,000,000 shares authorized, 281,055,994 and 280,853,040 shares issued and outstanding at June 30, 2020 and March 31, 2020, respectively	`CommonStockValueOutstanding`	$281.00K	USD	Point-in-time
Common shares, $0.001 par value, 600,000,000 shares authorized, 281,055,994 and 280,853,040 shares issued and outstanding at June 30, 2020 and March 31, 2020, respectively	`CommonStockValueOutstanding`	$281.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.59B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.57B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-580.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-594.03M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.11M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-20.45M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$988.58M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$961.50M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.04B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.05B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$155.51M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$122.55M	USD	1 Quarter
Amortization of acquired technology	`CostOfGoodsAndServicesSoldAmortization`	$3.83M	USD	1 Quarter
Amortization of acquired technology	`CostOfGoodsAndServicesSoldAmortization`	$4.56M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$28.54M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$29.54M	USD	1 Quarter
Gross profit	`GrossProfit`	$93.01M	USD	1 Quarter
Gross profit	`GrossProfit`	$126.97M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$23.50M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$25.66M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$49.16M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$58.22M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$21.53M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$31.88M	USD	1 Quarter
Amortization of other intangibles	`AmortizationOfOtherIntangibleAssets`	$8.69M	USD	1 Quarter
Amortization of other intangibles	`AmortizationOfOtherIntangibleAssets`	$10.14M	USD	1 Quarter
Restructuring and other	`RestructuringSettlementAndImpairmentProvisions`	$-21.00K	USD	1 Quarter
Restructuring and other	`RestructuringSettlementAndImpairmentProvisions`	$115.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$126.01M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$102.86M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-33.01M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$24.11M	USD	1 Quarter
Interest expense, net	`InterestAndDebtExpense`	$19.19M	USD	1 Quarter
Interest expense, net	`InterestAndDebtExpense`	$4.11M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$19.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$94.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-52.10M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.01M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$7.15M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-2.94M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$12.87M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-49.16M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.21	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.21	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	279.07M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	237.69M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	237.69M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	284.31M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$12.87M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-49.16M	USD	1 Quarter
Depreciation	`Depreciation`	$1.59M	USD	1 Quarter
Depreciation	`Depreciation`	$2.03M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$15.08M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$13.02M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$12.67M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$41.42M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-8.88M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-175.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-466.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-416.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-64.27M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-34.12M	USD	1 Quarter
Deferred commissions	`IncreaseDecreaseInContractWithCustomerAsset`	$720.00K	USD	1 Quarter
Deferred commissions	`IncreaseDecreaseInContractWithCustomerAsset`	$-2.23M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$924.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-275.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-23.21M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-8.46M	USD	1 Quarter
Operating leases, net	`IncreaseDecreaseInOperatingLeaseLiability`	$311.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-47.30M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$9.23M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$34.17M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$37.01M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.42M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.15M	USD	1 Quarter
Capitalized software additions	`PaymentsForSoftware`	$131.00K	USD	1 Quarter
Capitalized software additions	`PaymentsForSoftware`	$333.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.55M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.48M	USD	1 Quarter
Repayment of term loans	`RepaymentsOfLongTermDebt`	$19.00M	USD	1 Quarter
Repayment of term loans	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Proceeds from employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$3.59M	USD	1 Quarter
Equity repurchases	`PaymentsForRepurchaseOfEquity`	$53.00K	USD	1 Quarter
Equity repurchases	`PaymentsForRepurchaseOfEquity`	$13.00K	USD	1 Quarter
Installments related to acquisition	`PaymentOfInstallmentsForAcquisition`	$4.69M	USD	1 Quarter
Installments related to acquisition	`PaymentOfInstallmentsForAcquisition`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-23.75M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.58M	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.17M	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$203.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$37.21M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$6.14M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$250.38M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$51.31M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.45M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$213.17M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$250.38M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$51.31M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.45M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$213.17M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$3.76M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$15.74M	USD	1 Quarter
Cash paid for tax	`IncomeTaxesPaidNet`	$10.13M	USD	1 Quarter
Cash paid for tax	`IncomeTaxesPaidNet`	$2.05M	USD	1 Quarter

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	281.06M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	280.85M	shares	Point-in-time
Beginning balance	`MembersEquity`	$-390.26M	USD	Point-in-time
Beginning balance	`MembersEquity`	$-437.63M	USD	Point-in-time
Foreign currency translation, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.34M	USD	1 Quarter
Foreign currency translation, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.84M	USD	1 Quarter
Restricted stock units vested	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Restricted stock awards forfeited	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	-	USD	1 Quarter
Issuance of common stock related to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$3.59M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$12.67M	USD	1 Quarter
Equity repurchases	`StockRepurchasedAndRetiredDuringPeriodValue`	$53.00K	USD	1 Quarter
Equity repurchases	`StockRepurchasedAndRetiredDuringPeriodValue`	$13.00K	USD	1 Quarter
Cumulative effects adjustment for ASU 2016-02 adoption	`StockholdersEquity`	$988.58M	USD	Point-in-time
Cumulative effects adjustment for ASU 2016-02 adoption	`StockholdersEquity`	$961.50M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$12.87M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-49.16M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	281.06M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	280.85M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$988.58M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$961.50M	USD	Point-in-time
Ending balance	`MembersEquity`	$-390.26M	USD	Point-in-time
Ending balance	`MembersEquity`	$-437.63M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$12.87M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-49.16M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.34M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.84M	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.84M	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.34M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$10.52M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-47.32M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.