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Cloudera, Inc. (CLDR) SEC Filing 10-K Annual report for the fiscal year ending Thursday, January 31, 2019

Cloudera, Inc.

CIK: 1535379 Ticker: CLDR


Cloudera Reports Fourth Quarter and Fiscal Year 2019 Financial Results

Merger with Hortonworks complete
Q4 adjusted annualized recurring revenue up 24% year-over-year
Operating cash flow positive for fourth quarter and fiscal year 2019


PALO ALTO, Calif. March 13, 2019 Cloudera, Inc. (NYSE: CLDR), the enterprise data cloud company, reported results for its fourth quarter and fiscal year 2019, ended January 31, 2019. Total revenue was $144.5 million, an increase of 37% from the fourth quarter of fiscal 2018. Subscription revenue was $123.0 million, an increase of 42% from the fourth quarter of fiscal 2018.

“Our strong fourth quarter results showcase how customers are already embracing the new Cloudera’s vision, as evidenced by early cross-sell motions to deliver data management and analytics from the Edge to AI,” said Tom Reilly, chief executive officer, Cloudera. “Having completed the merger with Hortonworks, we are now squarely focused on delivering a powerful combined, integrated platform purpose-built for enterprise customers. Enterprises want an enterprise data cloud, which offers the flexibility of both hybrid and multi-cloud delivery, as well as the versatility of multi-function analytics, all with common security and governance. As the open source data management and analytics standard, we believe Cloudera is uniquely positioned to deliver these capabilities at the data layer, bring the enterprise data cloud to our more than 2,000 customers and lead this new market.”

The merger with Hortonworks closed on January 3, 2019. As such, there is no comparative year-over-year financial information for the combined company. Unless otherwise stated, the information presented is on a combined company basis under ASC 6061 and ASC 340-402.

GAAP loss from operations for the fourth quarter of fiscal 2019 was $87.0 million. For reference, GAAP loss from operations for the fourth quarter of fiscal 2018 was $38.1 million for standalone Cloudera.

Non-GAAP loss from operations for the fourth quarter of fiscal 2019 was $30.2 million. For reference, non-GAAP loss from operations for the fourth quarter of fiscal 2018 was $9.0 million for standalone Cloudera.

Operating cash flow for the fourth quarter of fiscal 2019 was $40.2 million. For reference, operating cash flow for the fourth quarter of fiscal 2018 was negative $22.0 million for standalone Cloudera.

GAAP net loss per share for the fourth quarter of fiscal 2019 was $0.45 per share, based on weighted-average shares outstanding of 190.4 million shares. For reference, GAAP net loss per share for the fourth quarter of fiscal 2018 was $0.25 per share for standalone Cloudera, based on weighted-average shares outstanding of 142.9 million shares.

Non-GAAP net loss per share for the fourth quarter of fiscal 2019 was $0.15 per share, based on weighted-average shares outstanding of 190.4 million shares. For reference, non-GAAP net loss per share for the fourth quarter of fiscal 2018 was $0.05 per share for standalone Cloudera, based on weighted-average shares outstanding of 142.9 million shares.

For fiscal year 2019, total revenue was $479.9 million and subscription revenue was $406.3 million. The Hortonworks business, which closed its fiscal year on December 31, 2018, and its books as a standalone entity on January 2, 2019, contributed $15 million of subscription revenue to the combined company's results in fiscal year 2019. For reference, standalone Cloudera year-over-year subscription revenue growth for fiscal year 2019 was 29%.

GAAP loss from operations for fiscal year 2019 was $193.8 million. For reference, GAAP loss from operations for fiscal year 2018 was $374.2 million for standalone Cloudera.


1 Accounting Standards Codification (“ASC”) 606 “Revenue from Contracts with Customers”
2 ASC 340-40 “Other Assets and Deferred Costs - Contracts with Customers”

The following information was filed by Cloudera, Inc. (CLDR) on Wednesday, March 13, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets - Parenthetical
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Loss
Consolidated Statements Of Operations
Consolidated Statements Of Operations - Parenthetical
Consolidated Statements Of Redeemable Convertible Preferred Stock And Stockholders' Equity (Deficit)
Balance Sheet Components
Balance Sheet Components - Schedule Of Cost And Accumulated Depreciation And Amortization Of Property And Equipment (Details)
Balance Sheet Components (Tables)
Balance Sheet Components - Accrued Compensation And Other Accrued Liabilities (Details)
Balance Sheet Components - Narrative (Details)
Balance Sheet Components - Schedule Of Changes In Goodwill (Details)
Balance Sheet Components - Schedule Of Expected Future Amortization Expense Of Intangible Assets (Details)
Balance Sheet Components - Schedule Of Intangible Assets (Details)
Business Combination
Business Combination - Narrative (Details)
Business Combination (Tables)
Business Combination - Acquisition Date Fair Value Of Consideration Transferred (Details)
Business Combination - Amounts Of Revenue And Net Loss (Details)
Business Combination - Components Of Intangible Assets Acquired And Their Estimtated Useful Lives (Details)
Business Combination - Pro Forma Financial Information (Details)
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Cash Equivalents And Marketable Securities
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Cash Equivalents And Marketable Securities (Tables)
Cash Equivalents And Marketable Securities - Narrative (Details)
Commitments And Contingencies
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Commitments And Contingencies (Tables)
Commitments And Contingencies - Narrative (Details)
Fair Value Measurement
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Fair Value Measurement (Tables)
Income Taxes
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Income Taxes (Tables)
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Income Taxes - Schedule Of Deferred Tax Assets And Liabilities (Details)
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Net Loss Per Share
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Revenue From Contracts With Customers
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Segment Information
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Segment Information (Tables)
Segment Information - Narrative (Details)
Segment Information - Reconciliation Of Segment Financial Information To Loss From Operations (Details)
Selected Quarterly Financial Data (Unaudited)
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Summary Of Significant Accounting Policies
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Summary Of Significant Accounting Policies - Cash Flows (Details)
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Summary Of Significant Accounting Policies- Statements Of Operations (Details)
Ticker: CLDR
CIK: 1535379
Form Type: 10-K Annual Report
Accession Number: 0001628280-19-003670
Submitted to the SEC: Fri Mar 29 2019 5:12:48 PM EST
Accepted by the SEC: Fri Mar 29 2019
Period: Thursday, January 31, 2019
Industry: Prepackaged Software

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