10-Q Filing

DYNATRACE, INC. CIK: 1773383 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001773383-23-000133`
Period End Date	20230630
Filing Date	20230802
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	dt-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 40 Cash Flow Statement 56 Stockholders Equity 24 Comprehensive Income 8

Balance Sheet 70 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`	$700.70M	USD	Point-in-time
Common shares, issued (in shares)	`CommonStockSharesIssued`	290.41M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$555.35M	USD	Point-in-time
Common shares, issued (in shares)	`CommonStockSharesIssued`	293.16M	shares	Point-in-time
Common shares, outstanding (in shares)	`CommonStockSharesOutstanding`	290.41M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$238.28M	USD	Point-in-time
Common shares, outstanding (in shares)	`CommonStockSharesOutstanding`	293.16M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$442.52M	USD	Point-in-time
Deferred commissions, current	`CapitalizedContractCostNetCurrent`	$83.03M	USD	Point-in-time
Deferred commissions, current	`CapitalizedContractCostNetCurrent`	$83.01M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$37.29M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$52.44M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.12B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.07B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$54.38M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$53.58M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$68.07M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$71.23M	USD	Point-in-time
Goodwill	`Goodwill`	$1.28B	USD	Point-in-time
Goodwill	`Goodwill`	$1.28B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$63.60M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$53.91M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$99.07M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$79.82M	USD	Point-in-time
Deferred commissions, non-current	`CapitalizedContractCostNetNoncurrent`	$86.23M	USD	Point-in-time
Deferred commissions, non-current	`CapitalizedContractCostNetNoncurrent`	$78.05M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$14.05M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$14.11M	USD	Point-in-time
Total assets	`Assets`	$2.77B	USD	Point-in-time
Total assets	`Assets`	$2.73B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$21.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.07M	USD	Point-in-time
Accrued expenses, current	`AccruedLiabilitiesCurrent`	$188.38M	USD	Point-in-time
Accrued expenses, current	`AccruedLiabilitiesCurrent`	$156.15M	USD	Point-in-time
Deferred revenue, current	`ContractWithCustomerLiabilityCurrent`	$721.82M	USD	Point-in-time
Deferred revenue, current	`ContractWithCustomerLiabilityCurrent`	$811.06M	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$15.65M	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$15.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.04B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$899.95M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$28.71M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$34.42M	USD	Point-in-time
Accrued expenses, non-current	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$30.72M	USD	Point-in-time
Accrued expenses, non-current	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$29.21M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$59.52M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$62.69M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$280.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$302.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.16B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.02B	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, $0.001 par value, 600,000,000 shares authorized, 293,159,681 and 290,411,108 shares issued and outstanding at June 30, 2023 and March 31, 2023, respectively	`CommonStockValueOutstanding`	$290.00K	USD	Point-in-time
Common shares, $0.001 par value, 600,000,000 shares authorized, 293,159,681 and 290,411,108 shares issued and outstanding at June 30, 2023 and March 31, 2023, respectively	`CommonStockValueOutstanding`	$293.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.05B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.99B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-315.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-353.39M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-31.83M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-33.25M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.30B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.70B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.35B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.60B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.77B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.73B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$267.27M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$332.89M	USD	1 Quarter
Amortization of acquired technology	`CostOfGoodsAndServicesSoldAmortization`	$3.89M	USD	1 Quarter
Amortization of acquired technology	`CostOfGoodsAndServicesSoldAmortization`	$3.90M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$51.80M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$62.34M	USD	1 Quarter
Gross profit	`GrossProfit`	$215.47M	USD	1 Quarter
Gross profit	`GrossProfit`	$270.54M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$49.41M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$66.28M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$125.12M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$105.67M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$34.73M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$39.09M	USD	1 Quarter
Amortization of other intangibles	`AmortizationOfOtherIntangibleAssets`	$6.57M	USD	1 Quarter
Amortization of other intangibles	`AmortizationOfOtherIntangibleAssets`	$5.76M	USD	1 Quarter
Restructuring and other	`RestructuringSettlementAndImpairmentProvisions`	$-10.00K	USD	1 Quarter
Restructuring and other	`RestructuringSettlementAndImpairmentProvisions`	$1.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$196.38M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$236.25M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$34.29M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$19.09M	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$-2.17M	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$7.15M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-2.25M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$252.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$41.69M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$14.67M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$12.55M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$38.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.11M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	286.20M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	291.32M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	290.02M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	296.39M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$38.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.11M	USD	1 Quarter
Depreciation	`Depreciation`	$3.92M	USD	1 Quarter
Depreciation	`Depreciation`	$2.80M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$10.57M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$9.68M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$40.52M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$28.70M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-19.33M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	-	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$154.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-2.75M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-151.40M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-204.23M	USD	1 Quarter
Deferred commissions	`IncreaseDecreaseInContractWithCustomerAsset`	$-8.54M	USD	1 Quarter
Deferred commissions	`IncreaseDecreaseInContractWithCustomerAsset`	$-2.08M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-33.10M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$16.43M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-39.64M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-29.82M	USD	1 Quarter
Operating leases, net	`IncreaseDecreaseInOperatingLeaseLiability`	$-142.00K	USD	1 Quarter
Operating leases, net	`IncreaseDecreaseInOperatingLeaseLiability`	$277.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-60.45M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-95.90M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$133.90M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$143.10M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.91M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.27M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.91M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.27M	USD	1 Quarter
Repayment of term loans	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Repayment of term loans	`RepaymentsOfLongTermDebt`	$30.00M	USD	1 Quarter
Proceeds from employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$9.58M	USD	1 Quarter
Proceeds from employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$8.63M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$13.19M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.27M	USD	1 Quarter
Equity repurchases	`PaymentsForRepurchaseOfEquity`	-	USD	1 Quarter
Equity repurchases	`PaymentsForRepurchaseOfEquity`	$11.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$22.77M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-20.11M	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.05M	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-7.71M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$108.38M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$145.35M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$555.35M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$571.35M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$700.70M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$462.97M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$555.35M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$571.35M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$700.70M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$462.97M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$2.07M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$212.00K	USD	1 Quarter
Cash paid for (received from) tax, net	`IncomeTaxesPaidNet`	$13.15M	USD	1 Quarter
Cash paid for (received from) tax, net	`IncomeTaxesPaidNet`	$-31.54M	USD	1 Quarter

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	290.41M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	293.16M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$1.30B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.70B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.35B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.60B	USD	Point-in-time
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$480.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.42M	USD	1 Quarter
Issuance of common stock related to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$8.63M	USD	1 Quarter
Issuance of common stock related to employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$9.58M	USD	1 Quarter
Exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	615,000.00	shares	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.27M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$13.19M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$40.52M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$28.70M	USD	1 Quarter
Equity repurchases	`StockRepurchasedAndRetiredDuringPeriodValue`	$11.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$38.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.11M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	290.41M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	293.16M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$1.30B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.70B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.35B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.60B	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$38.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.11M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$480.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.42M	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.42M	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$480.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$36.77M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.59M	USD	1 Quarter

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