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Cloudera, Inc. (CLDR) SEC Filing 10-K Annual report for the fiscal year ending Friday, January 31, 2020

SEC Filings

Cloudera, Inc.

CIK: 1535379 Ticker: CLDR

Exhibit 99.1

Cloudera Reports Fourth Quarter and Fiscal Year 2020 Financial Results


PALO ALTO, Calif. March 10, 2020 —
Cloudera, Inc. (NYSE: CLDR), the enterprise data cloud company, reported results for its fourth quarter and fiscal year 2020, ended January 31, 2020. Total revenue for the fourth quarter was $211.7 million, and subscription revenue was $182.0 million. Annualized Recurring Revenue grew 11% year-over-year.

“We continue to execute well, delivering another strong quarter in Q4 on financial and operational metrics. I am especially pleased that we’re seeing strong interest in CDP, with many customers across our base building plans for CDP Public Cloud adoption,” said Rob Bearden, chief executive officer, Cloudera. “In fiscal 2020, we finished the hard work of merger integration and completely re-positioned the company for long-term success. I could not be more enthusiastic about the set-up for Cloudera as we enter the next phase of the market’s evolution, helping our customers realize true hybrid and multi-cloud data solutions. We believe the opportunity for Cloudera has never been bigger and, with CDP Private Cloud expected in Q2, we believe it expands even further. Also, consistent with guidance, we plan to generate substantial non-GAAP operating income and cash flow in fiscal 2021.”

Except where noted, all prior period amounts include the results of Hortonworks beginning January 3, 2019, the date the Company merged with Hortonworks.

GAAP loss from operations for the fourth quarter of fiscal 2020 was $64.4 million, compared to a GAAP loss from operations of $87.0 million for the fourth quarter of fiscal 2019.

Non-GAAP income from operations for the fourth quarter of fiscal 2020 was $11.0 million, compared to a non-GAAP loss from operations of $30.2 million for the fourth quarter of fiscal 2019.

Operating cash flow for the fourth quarter of fiscal 2020 was negative $9.4 million, which includes $16.1 million of merger-related payments, compared to operating cash flow of $40.2 million for the fourth quarter of fiscal 2019.

GAAP net loss per share for the fourth quarter of fiscal 2020 was $0.22, compared to a GAAP net loss per share of $0.45 for the fourth quarter of fiscal 2019.

Non-GAAP net income per share for the fourth quarter of fiscal 2020 was $0.04, compared to a non-GAAP net loss per share of $0.15 for the fourth quarter of fiscal 2019.

For fiscal year 2020, total revenue was $794.2 million and subscription revenue was $667.8 million.

GAAP loss from operations for fiscal year 2020 was $339.8 million, compared to a GAAP loss from operations of $193.8 million for fiscal year 2019.

Non-GAAP loss from operations for fiscal year 2020 was $39.4 million, compared to a non-GAAP loss from operations of $67.3 million for fiscal year 2019.

Operating cash flow for fiscal year 2020 was negative $36.8 million, which includes $60.5 million of merger-related payments, compared to operating cash flow of $34.3 million for fiscal year 2019.

GAAP net loss per share for fiscal year 2020 was $1.20, compared to a GAAP net loss per share of $1.21 for fiscal year 2019.

Non-GAAP net loss per share for fiscal year 2020 was $0.13, compared to a non-GAAP net loss per share of $0.41 for fiscal year 2019.

A reconciliation of GAAP to non-GAAP financial measures has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below under the heading Non-GAAP Financial Measures.

As of January 31, 2020, Cloudera had total cash, cash equivalents, marketable securities and restricted cash of $486.5 million.



The following information was filed by Cloudera, Inc. (CLDR) on Tuesday, March 10, 2020 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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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Cover Page
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 (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 Cost And Accumulated Depreciation And Amortization Of Property And Equipment (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 (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 Estimated Useful Lives (Details)
Business Combination - Narrative (Details)
Business Combination - Summary Of Estimated Fair Values Of Assets Acquired And Liabilities Assumed (Details)
Cash Equivalents And Marketable Securities
Cash Equivalents And Marketable Securities (Tables)
Cash Equivalents And Marketable Securities - Narrative (Details)
Cash Equivalents And Marketable Securities - Schedule Of Fair Value Of Cash And Cash Equivalents And Marketable Securities (Details)
Cash Equivalents And Marketable Securities - Summary Of Contractual Maturities Of Investments (Details)
Commitments And Contingencies
Commitments And Contingencies - Narrative (Details)
Fair Value Measurement
Fair Value Measurement (Tables)
Fair Value Measurement - Schedule Of Financial Assets And Liabilities According To The Fair Value Hierarchy, Measured At Fair Value (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Narrative (Details)
Income Taxes - Reconciliation Of Income Taxes At Statutory Federal Income Tax Rate To Provision For Income Taxes (Details)
Income Taxes - Schedule Of Changes In Gross Unrecognized Tax Benefits (Details)
Income Taxes - Schedule Of Components Of Provision For Income Tax (Details)
Income Taxes - Schedule Of Deferred Tax Assets And Liabilities (Details)
Income Taxes - Schedule Of Domestic And Foreign Components Of Loss Before Provision For Income Taxes (Details)
Leases
Leases (Tables)
Leases - Components Of Lease Expense (Details)
Leases - Future Minimum Payments Due Under Topic 840 (Details)
Leases - Lease Term And Discount Rate (Details)
Leases - Maturities (Details)
Leases - Narrative (Details)
Net Loss Per Share
Net Loss Per Share (Tables)
Net Loss Per Share - Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share (Details)
Net Loss Per Share - Schedule Of The Calculation Of Basic And Diluted Net Loss Per Share Attributable To Common Stockholders (Details)
Organization And Description Of Business
Related Party Transactions
Related Party Transactions - Narrative (Details)
Revenue From Contracts With Customers
Revenue From Contracts With Customers (Tables)
Revenue From Contracts With Customers - Contract Liabilities (Details)
Revenue From Contracts With Customers - Performance Obligations (Details)
Revenue From Contracts With Customers - Significant Changes In Contract Assets And Liabilities (Details)
Segment Information
Segment Information (Tables)
Segment Information - Narrative (Details)
Segment Information - Reconciliation Of Segment Financial Information To Loss From Operations (Details)
Segment Information - Schedule Of Financial Information By Reportable Segment (Details)
Selected Quarterly Financial Data (Unaudited)
Selected Quarterly Financial Data (Unaudited) (Details)
Selected Quarterly Financial Data (Unaudited) (Tables)
Stock Based Compensation
Stock Option Plans (Tables)
Stock Option Plans - Narrative (Details)
Stock Option Plans - Schedule Of Restricted Stock Activity (Details)
Stock Option Plans - Schedule Of Stock Option Activity (Details)
Stock Option Plans - Schedule Of Weighted Average Assumptions In Calculating Option Fair Value (Details)
Stock Option Plans Stock Option Plans - Fair Value Of Espp Using Black-Scholes (Details)
Subsequent Events
Subsequent Events (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Cash As Reported On The Condensed Consolidated Statements Of Cash Flows (Details)
Summary Of Significant Accounting Policies - Narrative (Details)
Summary Of Significant Accounting Policies - Schedule Of Estimated Useful Lives Of Company's Assets (Details)
Ticker: CLDR
CIK: 1535379
Form Type: 10-K Annual Report
Accession Number: 0001628280-20-004231
Submitted to the SEC: Fri Mar 27 2020 4:49:43 PM EST
Accepted by the SEC: Fri Mar 27 2020
Period: Friday, January 31, 2020
Industry: Prepackaged Software

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