10-Q Filing

DYNATRACE, INC. CIK: 1773383 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001773383-21-000083`
Period End Date	20210630
Filing Date	20210728
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	dt-20210630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 40 Cash Flow Statement 60 Stockholders Equity 25 Comprehensive Income 8

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common shares, authorized (in shares)	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Common shares, authorized (in shares)	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$387.22M	USD	Point-in-time
Common shares, issued (in shares)	`CommonStockSharesIssued`	283.13M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$324.96M	USD	Point-in-time
Common shares, issued (in shares)	`CommonStockSharesIssued`	284.22M	shares	Point-in-time
Common shares, outstanding (in shares)	`CommonStockSharesOutstanding`	283.13M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$134.00M	USD	Point-in-time
Common shares, outstanding (in shares)	`CommonStockSharesOutstanding`	284.22M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$242.08M	USD	Point-in-time
Deferred commissions, current	`CapitalizedContractCostNetCurrent`	$50.99M	USD	Point-in-time
Deferred commissions, current	`CapitalizedContractCostNetCurrent`	$48.99M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$64.25M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$65.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$638.05M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$680.28M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$37.84M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$36.92M	USD	Point-in-time
Operating lease right-of-use asset, net	`OperatingLeaseRightOfUseAsset`	$42.96M	USD	Point-in-time
Operating lease right-of-use asset, net	`OperatingLeaseRightOfUseAsset`	$48.34M	USD	Point-in-time
Goodwill	`Goodwill`	$1.27B	USD	Point-in-time
Goodwill	`Goodwill`	$1.28B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$137.99M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$149.48M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$16.81M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$17.01M	USD	Point-in-time
Deferred commissions, non-current	`CapitalizedContractCostNetNoncurrent`	$48.64M	USD	Point-in-time
Deferred commissions, non-current	`CapitalizedContractCostNetNoncurrent`	$50.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.93M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.73M	USD	Point-in-time
Total assets	`Assets`	$2.21B	USD	Point-in-time
Total assets	`Assets`	$2.26B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.43M	USD	Point-in-time
Accrued expenses, current	`AccruedLiabilitiesCurrent`	$98.95M	USD	Point-in-time
Accrued expenses, current	`AccruedLiabilitiesCurrent`	$119.53M	USD	Point-in-time
Deferred revenue, current	`ContractWithCustomerLiabilityCurrent`	$509.27M	USD	Point-in-time
Deferred revenue, current	`ContractWithCustomerLiabilityCurrent`	$486.07M	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$9.49M	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$10.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$598.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$647.91M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$33.68M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$47.50M	USD	Point-in-time
Accrued expenses, non-current	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$16.07M	USD	Point-in-time
Accrued expenses, non-current	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$16.35M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$42.82M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$38.20M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.01M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.01M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$362.40M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$391.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.14B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.06B	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common shares	`CommonStockValueOutstanding`	$284.00K	USD	Point-in-time
Common shares	`CommonStockValueOutstanding`	$283.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.69B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.65B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-513.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-500.50M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-27.87M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-26.21M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$965.70M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.11B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.16B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$992.78M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.26B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.21B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$209.74M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$155.51M	USD	1 Quarter
Amortization of acquired technology	`CostOfGoodsAndServicesSoldAmortization`	$3.83M	USD	1 Quarter
Amortization of acquired technology	`CostOfGoodsAndServicesSoldAmortization`	$3.83M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$28.54M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$38.83M	USD	1 Quarter
Gross profit	`GrossProfit`	$170.91M	USD	1 Quarter
Gross profit	`GrossProfit`	$126.97M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$23.50M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$34.73M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$49.16M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$80.48M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$26.92M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$21.53M	USD	1 Quarter
Amortization of other intangibles	`AmortizationOfOtherIntangibleAssets`	$7.54M	USD	1 Quarter
Amortization of other intangibles	`AmortizationOfOtherIntangibleAssets`	$8.69M	USD	1 Quarter
Restructuring and other	`RestructuringSettlementAndImpairmentProvisions`	$-21.00K	USD	1 Quarter
Restructuring and other	`RestructuringSettlementAndImpairmentProvisions`	$26.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$102.86M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$149.69M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$24.11M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$21.21M	USD	1 Quarter
Interest expense, net	`InterestAndDebtExpense`	$2.86M	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`	$1.31M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.01M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$19.67M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$6.37M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$7.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.87M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.29M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.05	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`	282.66M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	288.99M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	284.31M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$12.87M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.29M	USD	1 Quarter
Depreciation	`Depreciation`	$1.59M	USD	1 Quarter
Depreciation	`Depreciation`	$2.48M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$11.51M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$13.02M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$12.67M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$19.25M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-2.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-175.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$794.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-466.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-64.27M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-110.08M	USD	1 Quarter
Deferred commissions	`IncreaseDecreaseInContractWithCustomerAsset`	$2.63M	USD	1 Quarter
Deferred commissions	`IncreaseDecreaseInContractWithCustomerAsset`	$-2.23M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.45M	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`	$-27.38M	USD	1 Quarter
Operating leases, net	`IncreaseDecreaseInOperatingLeaseLiability`	$311.00K	USD	1 Quarter
Operating leases, net	`IncreaseDecreaseInOperatingLeaseLiability`	$131.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-47.30M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-41.02M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$83.47M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$37.01M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.95M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.42M	USD	1 Quarter
Capitalized software additions	`PaymentsForSoftware`	-	USD	1 Quarter
Capitalized software additions	`PaymentsForSoftware`	$131.00K	USD	1 Quarter
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$3.54M	USD	1 Quarter
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.55M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.50M	USD	1 Quarter
Repayment of term loans	`RepaymentsOfLongTermDebt`	$30.00M	USD	1 Quarter
Repayment of term loans	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Proceeds from employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$3.59M	USD	1 Quarter
Proceeds from employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$6.59M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$7.89M	USD	1 Quarter
Equity repurchases	`PaymentsForRepurchaseOfEquity`	$13.00K	USD	1 Quarter
Equity repurchases	`PaymentsForRepurchaseOfEquity`	$14.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.58M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.54M	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`	$816.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$62.26M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$37.21M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$213.17M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$250.38M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$387.22M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$324.96M	USD	Point-in-time
Cash and cash equivalents, end 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`	$387.22M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$324.96M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$3.76M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$2.37M	USD	1 Quarter
Cash paid for tax, net	`IncomeTaxesPaidNet`	$5.40M	USD	1 Quarter
Cash paid for tax, net	`IncomeTaxesPaidNet`	$10.13M	USD	1 Quarter

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	283.13M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	284.22M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$965.70M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.11B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.16B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$992.78M	USD	Point-in-time
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.66M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.34M	USD	1 Quarter
Restricted stock units vested	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Issuance of common stock related to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$3.59M	USD	1 Quarter
Issuance of common stock related to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$6.59M	USD	1 Quarter
Exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	388,000.00	shares	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$7.89M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$19.25M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$12.67M	USD	1 Quarter
Equity repurchases	`StockRepurchasedAndRetiredDuringPeriodValue`	$14.00K	USD	1 Quarter
Equity repurchases	`StockRepurchasedAndRetiredDuringPeriodValue`	$13.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.87M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.29M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	283.13M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	284.22M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$965.70M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.11B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.16B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$992.78M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$12.87M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.29M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.66M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.34M	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.66M	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.34M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$11.64M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$10.52M	USD	1 Quarter

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