TWLO Stock Cash Flow Statements

Twilio Quarterly Cash Flow Statements Chart

Quarterly

Annual

Stock-Based Compensation

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Free Cash Flow

Capital Expenditure

Twilio Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-09-30	2018-06-30	2018-03-31	2017-09-30	2017-06-30	2017-03-31

cash flows from operating activities:
net income	22,423,000	20,017,000	-12,470,000	-9,726,000	-31,858,000	-55,349,000	-365,408,000	-141,707,000	-166,187,000	-342,139,000	-229,422,000	-482,327,000	-322,769,000	-221,627,000	-291,396,000	-224,109,000	-227,853,000	-206,542,000	-179,351,000	-116,914,000	-99,923,000	-94,791,000	-90,247,000	-87,734,000	-92,579,000	-36,503,000	-27,056,000	-24,006,000	-23,729,000	-23,453,000	-7,109,000	-14,227,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	49,838,000	49,565,000	49,814,000	50,787,000	52,065,000	53,318,000	65,445,000	72,580,000	74,995,000	71,393,000	71,247,000	70,136,000	69,641,000	68,103,000	68,709,000	70,264,000	59,813,000	59,592,000	51,590,000	33,298,000	32,533,000	32,239,000	31,135,000	29,685,000	28,362,000	21,248,000	6,854,000	5,761,000	5,631,000	4,926,000	4,525,000	3,955,000
non-cash reduction to the right-of-use asset	5,346,000	5,170,000	4,938,000	4,093,000	4,988,000	5,076,000	5,156,000	5,741,000	7,500,000	8,574,000	8,491,000	13,130,000	13,124,000	12,415,000	12,537,000	13,049,000	11,489,000	11,711,000	11,155,000	9,436,000	9,781,000	8,023,000
net amortization of investment premium and discount	-3,868,000	-4,314,000	-4,840,000	-5,528,000	-6,543,000	-6,029,000	-4,447,000	-989,000	1,877,000	3,515,000	5,265,000	7,626,000	9,562,000	10,712,000	11,278,000	11,046,000	9,594,000	4,240,000	3,880,000				-338,000	-1,215,000	-1,589,000	-1,359,000
stock-based compensation	149,251,000	139,273,000	155,783,000	154,561,000	147,657,000	158,606,000	166,490,000	185,474,000	153,094,000	170,799,000	192,300,000	208,894,000	242,091,000	155,275,000	186,919,000	164,043,000	144,168,000	137,155,000	123,114,000	89,410,000	79,387,000	69,025,000	66,986,000	68,268,000	70,740,000	58,324,000	22,741,000	21,006,000	17,540,000	14,188,000	12,400,000	9,385,000
amortization of deferred commissions	19,122,000	19,265,000	19,364,000	19,196,000	18,959,000	18,829,000	18,464,000	18,361,000	18,202,000	17,865,000	16,591,000	15,246,000	13,450,000	12,626,000	10,743,000	8,404,000	6,764,000	5,630,000	4,766,000						915,000	670,000	407,000
benefit from doubtful accounts	1,233,000	2,453,000	17,270,000	3,758,000	8,161,000	6,204,000																			686,000	11,000	1,111,000	1,140,000	375,000	125,000	210,000	72,000
share of losses from equity method investment	25,222,000	19,471,000	29,687,000	25,279,000	23,940,000	29,575,000	28,059,000	31,058,000	32,361,000	30,419,000	21,939,000
other adjustments	2,654,000	5,846,000	-2,664,000	-251,000	2,928,000	4,996,000	2,847,000	-1,453,000	-2,092,000	15,367,000	4,698,000	-9,720,000	11,405,000	-1,478,000	3,468,000	7,980,000	-2,443,000	3,089,000	-3,490,000	-3,844,000	2,505,000	4,352,000	3,695,000
changes in operating assets and liabilities:
accounts receivable	-11,575,000	8,463,000	-48,514,000	-23,740,000	-4,543,000	15,637,000	-15,977,000	23,014,000	-56,915,000	-35,215,000	-73,302,000	-29,571,000	-72,159,000	-19,623,000	-36,757,000	-39,499,000	-47,252,000	5,565,000	-22,963,000	-10,574,000	-24,643,000	-23,123,000	-23,738,000	-5,096,000	-22,317,000	-206,000
prepaid expenses and other current assets	51,143,000	33,519,000	-187,060,000	13,838,000	2,851,000	16,901,000	223,000	-11,390,000	6,322,000	-51,438,000	-13,255,000	-23,074,000	-43,821,000	-14,176,000	-18,083,000	-15,325,000	-14,692,000	-29,912,000	-2,903,000	3,268,000	-3,871,000	-8,130,000	427,000	-5,055,000	-6,209,000	-9,479,000			2,512,000
other long-term assets	-42,004,000	-9,416,000	-27,634,000	-21,839,000	-4,463,000	6,859,000	13,039,000	3,813,000	2,301,000	-21,481,000	-34,796,000	-59,141,000	-25,122,000	-27,399,000	-54,724,000	-27,383,000	-23,886,000	-15,232,000	-17,131,000	-45,003,000	-14,015,000	-5,759,000	-7,265,000	-4,787,000	-3,010,000	-2,959,000
accounts payable	-32,176,000	7,853,000	29,000,000	9,771,000	-21,265,000	-37,762,000	14,948,000	11,004,000	-13,648,000	66,000	18,751,000	4,931,000	5,407,000	1,247,000	18,856,000	-35,743,000	37,353,000	-10,275,000	9,974,000	11,609,000	9,280,000	-20,803,000	12,922,000	-3,973,000	7,145,000	1,161,000	-10,925,000	5,863,000	6,703,000			149,000
accrued expenses and other current liabilities	54,176,000	-94,262,000	71,399,000	-7,620,000	36,102,000	-12,447,000	7,861,000	-15,312,000	-25,235,000	-19,130,000			60,282,000	18,148,000	42,824,000	18,807,000	37,616,000	28,307,000	28,746,000	12,159,000	2,595,000	44,840,000	12,328,000	19,850,000	9,628,000	4,348,000	11,692,000	5,251,000	22,789,000			5,221,000
deferred revenue and customer deposits	-6,037,000	-1,634,000	16,929,000	7,000	-3,628,000	-2,127,000	-1,456,000	6,521,000	2,917,000	-2,611,000	3,518,000	-2,222,000	-2,531,000	-1,453,000	18,630,000	19,389,000	4,180,000	3,435,000	6,025,000	4,805,000	2,405,000	589,000	-75,000	1,116,000	1,550,000	377,000
operating lease liabilities	-8,387,000	-10,306,000	-13,368,000	-11,214,000	-11,707,000	-12,470,000	-14,894,000	-13,582,000	-14,213,000	-13,651,000	-12,292,000	-11,031,000	-18,069,000	-13,058,000	-12,772,000	-12,664,000	-11,557,000	-12,053,000	-8,777,000
other long-term liabilities	723,000	79,000	-885,000	-487,000	-968,000	306,000	5,910,000	-3,193,000	493,000	264,000	-2,502,000	332,000	-3,247,000	-4,415,000	-1,247,000	-1,309,000	2,860,000	-2,570,000														306,000
net cash from operating activities	277,084,000	191,042,000	108,446,000	204,329,000	213,343,000	190,123,000	222,545,000	206,427,000	83,646,000	-97,866,000	-58,455,000	-115,772,000	-62,566,000	-17,575,000	-38,243,000	-46,171,000	21,717,000	4,505,000	14,901,000	3,842,000	-1,624,000	15,535,000	12,024,000	15,843,000	-4,706,000	-9,113,000	-6,392,000	2,289,000	16,936,000			2,440,000
capex	-12,588,000	-11,564,000	-11,549,000	-14,424,000	-14,681,000	-11,154,000	-9,399,000	-10,451,000	-10,215,000	-9,860,000	-9,856,000	-13,544,000	-12,111,000	-10,250,000	-8,047,000	-14,087,000	-11,405,000	-1,674,000	-2,153,000	-2,066,000	-9,990,000	-3,116,000	-2,406,000	-17,117,000	-5,159,000	7,433,000	213,000	99,000	473,000			1,184,000
free cash flows	264,496,000	179,478,000	96,897,000	189,905,000	198,662,000	178,969,000	213,146,000	195,976,000	73,431,000	-107,726,000	-68,311,000	-129,316,000	-74,677,000	-27,825,000	-46,290,000	-60,258,000	10,312,000	2,831,000	12,748,000	1,776,000	-11,614,000	12,419,000	9,618,000	-1,274,000	-9,865,000	-1,680,000	-6,179,000	2,388,000	17,409,000			3,624,000
cash flows from investing activities:
purchases of marketable securities and other investments	-194,992,000	-213,844,000	-184,142,000	-149,726,000	-154,405,000	-435,590,000	-561,028,000	-880,241,000	-375,615,000	-136,119,000	-287,578,000	-325,393,000	-1,078,492,000	-246,874,000	-297,433,000	-418,001,000	-1,167,299,000	-1,640,499,000	-171,432,000	-1,021,342,000	-215,791,000	-228,025,000	-269,297,000	-392,053,000
proceeds from sales and maturities of marketable securities	610,603,000	207,431,000	328,219,000	432,297,000	954,785,000	638,185,000	435,576,000	714,831,000	694,815,000	355,195,000	373,479,000	311,424,000	311,821,000	442,753,000	280,335,000	579,978,000	397,642,000	356,824,000	291,094,000	270,611,000	304,762,000	316,992,000	221,911,000	188,607,000
capitalized software development costs	-12,588,000	-11,564,000	-11,549,000	-14,424,000	-14,681,000	-11,154,000	-9,399,000	-10,451,000	-10,215,000	-9,860,000	-9,856,000	-13,544,000	-12,111,000	-10,250,000	-8,047,000	-14,087,000	-11,405,000	-10,434,000	-7,214,000	-8,463,000	-9,025,000	-8,626,000	-5,113,000	-6,289,000	-5,169,000	-5,351,000
purchases of long-lived and intangible assets	-1,004,000	-1,163,000	-3,430,000	-792,000	-1,085,000	-1,671,000	-2,291,000	-765,000	-1,503,000	-6,751,000	-5,787,000	-17,855,000	-3,799,000	-6,980,000	-12,473,000	-21,435,000	-7,154,000	-4,986,000	-6,553,000
net cash from investing activities	402,019,000	-19,140,000	129,098,000	267,355,000	784,614,000	189,770,000	-137,142,000	-144,032,000	307,312,000	202,465,000	65,701,000	-46,524,000	-786,596,000	150,967,000	-38,260,000	-270,247,000	-815,468,000	-1,366,021,000	-224,910,000	-765,710,000	73,120,000	71,645,000	-103,081,000	-220,847,000	-831,663,000	-130,201,000
cash flows from financing activities:
principal payments on finance leases	-1,977,000	-2,251,000																					-1,719,000
value of equity awards withheld for tax liabilities	-85,000	-53,000	-19,000	-18,000	-45,000	-1,918,000	-29,000	-27,000	-53,000	-2,456,000	-18,000	-11,000	-4,000	-1,065,000	-3,836,000	-1,896,000	-1,882,000	-2,774,000	-4,551,000	-1,409,000	-1,144,000	-1,674,000	-1,264,000	-1,568,000	-1,518,000	-1,062,000
repurchases of shares of class a common stock and related costs	-196,993,000	-126,256,000	-420,118,000	-640,583,000	-916,799,000	-356,900,000	-119,880,000	-63,750,000	-370,128,000	-114,993,000
proceeds from exercises of stock options and shares of class a common stock issued under espp			14,717,000	969,000			14,891,000	871,000			15,813,000	2,056,000
net cash from financing activities	-175,914,000	-125,794,000	-407,770,000	-642,780,000	-897,793,000	-363,229,000	-107,389,000	-66,865,000	-347,818,000	-121,538,000	11,755,000	-1,150,000	30,295,000	4,107,000	57,025,000	14,444,000	265,407,000	2,759,449,000	16,752,000	1,413,270,000	58,686,000	4,603,000	14,116,000	-1,093,000	994,311,000	12,811,000	7,689,000	489,994,000	6,307,000	4,185,000	12,475,000	12,342,000
net increase in cash, cash equivalents and restricted cash	503,189,000	46,108,000		-171,096,000	100,164,000	16,664,000	-21,986,000	2,836,000	35,903,000	-16,900,000	18,915,000	-163,613,000	-818,581,000	137,526,000	-19,512,000	-301,988,000	-528,443,000	1,397,889,000	-193,217,000	651,402,000	130,182,000	91,783,000	-76,941,000	-206,097,000	157,942,000	-126,503,000	-9,701,000	375,776,000	2,451,000
cash, cash equivalents and restricted cash—beginning of period	0	431,437,000	0	0	0	655,931,000	0	0	0	656,078,000	0	0	0	1,481,831,000			0	933,885,000		0	0	253,735,000	0	0	0	505,334,000	0	0	120,788,000
cash, cash equivalents and restricted cash —end of period	503,189,000	477,545,000	-170,226,000	-171,096,000	100,164,000	672,595,000	-21,986,000	2,836,000	35,903,000	639,178,000	18,915,000	-163,613,000	-818,581,000	1,619,357,000			-528,443,000	2,331,774,000		651,402,000	130,182,000	345,518,000	-76,941,000	-206,097,000	157,942,000	378,831,000	-9,701,000	375,776,000	123,239,000
cash paid for income taxes	7,831,000	5,257,000	11,322,000	5,752,000	8,712,000	10,761,000	14,902,000	5,338,000	14,099,000	3,479,000	1,932,000	1,334,000	2,704,000	1,443,000				1,252,000	1,130,000	940,000	765,000	257,000	859,000	461,000	82,000	-34,000	223,000	303,000	18,000	116,000	331,000	42,000
cash paid for interest	22,000	18,791,000	62,000	18,835,000	114,000	18,893,000	173,000	18,955,000	511,000	18,750,000	0	18,750,000	-261,000	19,011,000				263,000	849,000			198,000	884,000
reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets
cash and cash equivalents	502,135,000	467,094,000	-162,672,000	-171,096,000	82,470,000	672,595,000	-21,986,000	2,836,000	40,257,000	634,824,000	18,958,000	-165,831,000	-818,397,000	1,617,022,000
restricted cash in other current assets				0						3,916,000	-43,000	2,206,000	181,000	1,970,000
restricted cash in other long-term assets	1,054,000	10,451,000	0	0						438,000	0			365,000
total cash, cash equivalents and restricted cash	503,189,000	477,545,000	-170,226,000	-171,096,000	100,164,000	672,595,000	-21,986,000	2,836,000	35,903,000	639,178,000	18,915,000	-163,613,000	-818,581,000	1,619,357,000
proceeds from exercises of stock options		2,766,000				421,000				3,264,000				11,727,000				11,564,000				8,231,000			9,927,000	15,328,000	8,863,000	7,037,000	6,678,000	4,350,000	5,419,000	12,735,000
impairment of long-lived assets
realized and unrealized losses on equity securities
value of shares of class a common stock issued and donated to charity							1,361,000			1,599,000
impairment of strategic investments			6,750,000	803,000			0	0	0	46,154,000
loss on net assets divested							0
acquisitions, net of cash acquired and payments related to prior period acquisitions							0
divestitures, net of cash divested							0
payments of costs related to public offerings											0	0	0	-35,000		-70,000	-34,000	-360,000
effect of exchange rate changes on cash, cash equivalents and restricted cash							0	0	69,000	39,000	-86,000	-167,000	286,000	27,000	-34,000	-14,000	-99,000	-44,000									-713,000	670,000	148,000
net decrease in cash, cash equivalents and restricted cash
reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets
unrealized loss on equity securities
principal payments on debt and finance leases				-3,148,000	-2,228,000	-4,832,000	-2,371,000	-3,959,000	-2,451,000	-7,353,000	-4,040,000	-3,195,000	332,000	-6,520,000	-3,443,000	1,806,000	-3,907,000	-2,751,000	-4,096,000
net increase in cash, cash equivalents and restricted cash, including cash classified as held for sale
cash, cash equivalents and restricted cash classified as held for sale
loss on extinguishment of debt															0	-21,000	21,384,000	7,602,000
proceeds from public offerings, net of underwriters' discounts
proceeds from issuance of senior notes due 2029 and 2031, net of issuance costs
proceeds from settlements of capped call, net of settlement costs
non-cash financing activities:
value of common stock issued and equity awards assumed in acquisition																										2,850,518,000
value of common stock issued to settle convertible senior notes due 2023
impairment of long-lived assets due to office closures								3,162,000	9,332,000	21,784,000
allowance for doubtful accounts								19,590,000
loss on net assets divested and held for sale
acquisitions, net of cash acquired and other related payments											-4,557,000	-1,156,000	-4,015,000	-27,682,000	-642,000	-396,702,000	-27,252,000	-66,926,000
impairment of long-lived assets due to 2022 office closures
allowance for credit losses											13,226,000			2,558,000		3,704,000	5,682,000	1,985,000	4,822,000	1,302,000	2,945,000	4,170,000
value of shares of class a common stock donated to charity											1,025,000	1,911,000	2,373,000	4,232,000
accrued expenses and restructuring costs											-46,978,000
non-cash investing and financing activities:
amortization of debt discount and issuance costs													375,000	338,000	370,000	376,000	1,708,000	3,373,000	5,327,000	6,076,000	6,178,000	6,178,000	6,007,000	6,007,000	5,841,000	5,841,000
proceeds from issuance of senior notes due 2029 and 2031
payment of debt issuance costs
proceeds from public offerings, net of underwriters' discount and issuance costs
purchases of property and equipment through finance leases																		5,266,000	5,061,000	9,681,000			2,707,000	-10,475,000	0	13,616,000
impairment of operating right-of-use assets
tax benefit related to release of valuation allowance															-1,667,000				-15,743,000	-359,000	-195,000	-162,000	254,000	-2,497,000	-1,858,000	-51,644,000
cash, cash equivalents and restricted cash—beginning of year
cash, cash equivalents and restricted cash —end of year
value of donated common stock																8,389,000	6,789,000	9,405,000	6,563,000	5,757,000	3,972,000	2,701,000
proceeds from a public equity offering																0	0	1,766,400,000
proceeds from issuance of senior notes																0	0	987,500,000
payments of debt issuance costs																-1,389,000	-1,232,000	-130,000
proceeds from settlement of capped call, net of settlement costs																0
proceeds from exercises of stock options and shares issued in espp																15,993,000
purchases of property, equipment and intangible assets, accrued but not paid																		3,494,000		-3,284,000	-965,000	5,510,000		-353,000	10,000	1,821,000	213,000	99,000	473,000	-252,000	-808,000	1,184,000
value of common stock issued to settle convertible senior notes																		422,716,000	720,800,000
stock-based compensation capitalized in software development costs																		4,650,000	3,186,000	3,696,000	3,597,000	3,418,000	2,066,000	2,467,000	1,621,000	1,623,000	1,525,000	1,481,000	1,428,000	1,155,000	848,000	709,000
costs related to public debt and equity offerings, accrued but not paid																		2,681,000
costs related to proposed investment in syniverse, accrued but not paid																		3,262,000
proceeds from a public offering, net of underwriting discount and issuance costs																			-204,000
proceeds from issuance of convertible senior notes																											0
purchase of capped call
finance lease right-of-use assets assumed in a business combination																							0
acquisition holdback																							3,750,000	0
value of common stock issued and stock awards assumed in acquisition
long-term liabilities																				772,000	-1,226,000	3,194,000	-787,000	-343,000	-113,000	-2,258,000				10,000
acquisitions, net of cash acquired, and other related payments																				-61,000	-348,000	-2,377,000
proceeds from exercises of stock options and shares issued under espp																				9,221,000
operating lease liability
purchases of long-lived assets																					-6,478,000	-6,319,000	-26,374,000	-11,112,000
proceeds from a public offering, net of underwriting discount																							0	0
principal payments on finance leases and notes payable																					-1,875,000	-1,954,000
operating right of use liability																						-7,008,000	-5,741,000	-6,030,000	-7,583,000	-1,784,000
acquisitions, net of cash acquired																							-24,208,000	0	-9,826,000	156,783,000
principal payments on notes payable																							0	-4,403,000	-503,000	-494,000
repurchases of common stock
right-of-use asset amortization																								6,025,000	5,853,000	4,854,000
payments of costs related to the public offering																								-503,000
proceeds from exercises of stock options and issuances under espp
acquisition - value of common stock issued, stock awards assumed and measurement period adjustments																								-1,940,000
write-off of long lived assets
other tax benefit realized in the period
principal payments on financing leases																									-1,502,000	-961,000
proceeds from shares issued under espp																											0
cash paid on finance leases																									189,000	148,000
debt offering costs, accrued but not paid																											-364,000
costs related to public offerings, accrued but not paid
write-off of internally developed software and intangible assets																										245,000
purchases of marketable securities																										-419,498,000
proceeds from sale of marketable securities																										13,708,000
maturities of marketable securities																										126,810,000	54,977,000	30,920,000	27,600,000	64,325,000
purchases of property and equipment																										-2,653,000
purchases of intangible assets
amortization of debt issuance costs																											446,000
accretion of debt discount on convertible senior notes																											5,233,000
gain on lease termination
customer deposits																											640,000	401,000	7,441,000
deferred revenue																														1,011,000	1,468,000	885,000
write-off of internal-use software																												333,000	182,000
acquisition, net of cash acquired
amortization of bond premium																													28,000	46,000	44,000	63,000
write-off of internally developed software																														0	70,000	26,000
increase in restricted cash																														0
proceeds from initial public offering, net of underwriting discounts
proceeds from shares issued in espp																														0
tax benefit related to stock-based compensation
effect of exchange rate changes on cash and cash equivalents																														46,000	31,000	11,000
net increase in cash and cash equivalents
cash and cash equivalents—beginning of period																														0	0	305,665,000
cash and cash equivalents—end of period																														-278,000	-26,256,000	118,440,000
vesting of early exercised options																														68,000	92,000	155,000
costs related to the public offerings, accrued but not paid																																192,000
net decrease in cash and cash equivalents
tax benefit related to acquisition
payments of costs related to initial public offering
net proceeds from issuance of convertible preferred stock
repurchases of stock
series e convertible preferred stock issuance costs accrued but not paid
series t convertible preferred stock issued as part of purchase price in the authy acquisition
costs related to the initial public offering, accrued but not paid

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