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Cloudera, Inc. (CLDR) SEC Filing 8-K Material Event for the period ending Wednesday, March 10, 2021

Cloudera, Inc.

CIK: 1535379 Ticker: CLDR

Exhibit 99.1

Cloudera Reports Fourth Quarter and Fiscal Year 2021 Financial Results


SANTA CLARA, Calif. March 10, 2021 — Cloudera, Inc. (NYSE: CLDR), the enterprise data cloud company, reported results for its fourth quarter and fiscal year 2021, ended January 31, 2021. Total revenue for the fourth quarter was $226.6 million, an increase of 7% as compared to the fourth quarter of fiscal 2020. Subscription revenue was $206.8 million, an increase of 14% as compared to the fourth quarter of fiscal 2020. Annualized Recurring Revenue grew 10% year-over-year.

“Cloudera Data Platform demonstrated significant momentum in the quarter,” said Rob Bearden, chief executive officer, Cloudera. “Customers migrating to CDP increased from about 10% of our customer base at the time we reported Q3 to more than 15% of our customer base today. Most impressively, ARR from CDP now exceeds $60 million of total ARR. The adoption of CDP for hybrid data cloud and data lifecycle use cases is what will drive future growth and we’re very happy with this progress to date.”

Fourth Quarter Fiscal 2021 Results

GAAP loss from operations for the fourth quarter of fiscal 2021 was $51.6 million, including an impairment charge of $35.8 million for right-of-use and other lease related assets, compared to $64.4 million for the fourth quarter of fiscal 2020
Non-GAAP income from operations for the fourth quarter of fiscal 2021 was $50.5 million, compared to $11.0 million for the fourth quarter of fiscal 2020
Operating cash flow for the fourth quarter of fiscal 2021 was $36.7 million, compared to negative $9.4 million for the fourth quarter of fiscal 2020
GAAP net loss per share for the fourth quarter of fiscal 2021 was $0.18 per share, compared to $0.22 per share for the fourth quarter of fiscal 2020
Non-GAAP diluted net income per share for the fourth quarter of fiscal 2021 was $0.15 per share, compared to $0.04 per share for the fourth quarter of fiscal 2020

Fiscal Year 2021 Results

For fiscal year 2021, total revenue was $869.3 million, an increase of 9% year-over-year
Subscription revenue for fiscal year 2021 was $782.8 million, an increase of 17% year-over-year
GAAP loss from operations for fiscal year 2021 was $156.3 million, including an impairment charge of $35.8 million for right-of-use and other lease related assets, compared to $339.8 million for fiscal year 2020
Non-GAAP income from operations for fiscal year 2021 was $146.8 million, compared to a non-GAAP loss from operations of $39.4 million for fiscal year 2020
Operating cash flow for fiscal year 2021 was $155.8 million, compared to negative $36.8 million for fiscal year 2020
GAAP net loss per share for fiscal year 2021 was $0.54 per share, compared to $1.20 per share for fiscal year 2020
Non-GAAP diluted net income per share for fiscal year 2021 was $0.45, compared to a non-GAAP net loss per share of $0.13 for fiscal year 2020

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, 2021, Cloudera had total cash, cash equivalents, marketable securities and restricted cash of $773.0 million.

Recent Business and Financial Highlights

Annualized Recurring Revenue at the conclusion of fiscal 2021 was $778 million, representing 10% year-over-year growth
GAAP subscription gross margin for the quarter was 87%, up from 84% in the fourth quarter of fiscal 2020
Non-GAAP subscription gross margin for the quarter was 91%, up from 88% in the fourth quarter of fiscal 2020
Closed a covenant lite, $500 million senior secured term loan
Repurchased 26 million shares of Cloudera common stock
CDP Operational Database now available on Amazon Web Services (AWS) and Microsoft Azure
CDP Public Cloud SOC 2 Type II Certified
Partnered with NVIDIA to accelerate processing for enterprise data engineering and data science workflows on Cloudera Data Platform
Launched Applied ML Prototypes, complete ML use cases with pre-built AI apps for CDP Machine Learning
CDP Data Warehouse delivers better price performance in GigaOm benchmark testing




Business Outlook

The outlook for the first quarter of fiscal 2022, ending April 30, 2021, is:

Total revenue in the range of $216 million to $218 million
Subscription revenue in the range of $195 million to $197 million
Non-GAAP operating income in the range of $28 million to $33 million
Non-GAAP net income per share in the range of $0.07 to $0.09 per share
Diluted weighted-average share count of approximately 303 million shares

The outlook for fiscal 2022, ending January 31, 2022, is:

Total revenue in the range of $907 million to $927 million
Subscription revenue in the range of $822 million to $832 million
Non-GAAP operating income in the range of $137 million to $147 million
Non-GAAP net income per share in the range of $0.35 to $0.39 per share
Diluted weighted-average share count of approximately 308 million shares

The business outlook is based on the assumption that the recessionary impact of the coronavirus pandemic (COVID-19) will continue at least through Cloudera’s first quarter fiscal 2022.

Conference Call and Webcast Information

Cloudera is hosting a conference call for analysts and investors to discuss its fourth quarter fiscal 2021 results and the outlook for its first quarter of fiscal 2022 and full year fiscal 2022 at 2:00 p.m. Pacific Time today. Participants can listen via webcast by visiting the Investor Relations section of Cloudera’s website. A replay of the webcast will be available for two weeks following the call.

The conference call can also be accessed as follows:

Participant Toll Free Number: +1-833-579-0900
Participant International Number: +1-778-560-2567
Conference ID: 7339087

About Cloudera

At Cloudera, we believe that data can make what is impossible today, possible tomorrow. We empower people to transform complex data into clear and actionable insights. Cloudera delivers an enterprise data cloud for any data, anywhere, from the Edge to AI. Powered by the relentless innovation of the open source community, Cloudera advances digital transformation for the world’s largest enterprises. Learn more at cloudera.com.

Connect with Cloudera

About Cloudera: cloudera.com/about-cloudera.html
Read our VISION blog: vision.cloudera.com/ and Engineering blog: blog.cloudera.com/
Follow us on Twitter: twitter.com/cloudera and LinkedIn: linkedin.com/cloudera/
Visit us on Facebook: facebook.com/cloudera
See us on YouTube: youtube.com/user/clouderahadoop
Join the Cloudera Community: community.cloudera.com
Read about our customers’ successes: cloudera.com/customers.html

Cloudera and associated marks are trademarks or registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners.





Forward-Looking Statements

Statements in this press release that are not historical in nature are forward-looking statements that, within the meaning of the federal securities laws including the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, involve known and unknown risks and uncertainties. Words such as "may", "will", "expect", "intend", "plan", "believe", "seek", "could", "estimate", "judgment", "targeting", "should", "anticipate", "goal" and variations of these words and similar expressions, are also intended to identify forward-looking statements. The forward-looking statements in this press release address a variety of subjects, including statements about our short-term and long-term assumptions, goals and targets, including our “Business Outlook” for our first quarter of fiscal 2022 and our full year fiscal 2022 operating results. Readers are cautioned that actual results could differ materially from those implied by such forward-looking statements due to a variety of factors, including global economic conditions, competitive pressures and pricing declines, intellectual property infringement claims, the impact of and uncertainties related to COVID-19, and other risks or uncertainties that are described under the caption “Risk Factors” in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (SEC), and in our other SEC filings. You can obtain copies of our SEC filings on the SEC’s website at www.sec.gov. Additionally, these forward-looking statements, particularly our guidance, involve risk, uncertainties and assumptions, including those related to the impact of COVID-19 on our business and global economic conditions. Many of these assumptions relate to matters that are beyond our control and changing rapidly, including, but not limited to, the timeframes for and severity of the impact of COVID-19 on our customers’ purchasing decisions and the length of our sales cycles, particularly for customers in certain industries highly affected by COVID-19. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurances that our expectations will be attained. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Non-GAAP Financial Measures

We report all financial information required in accordance with U.S. generally accepted accounting principles (GAAP). To supplement our unaudited and audited condensed consolidated financial statements presented in accordance with GAAP, we use certain non-GAAP measures of financial performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP, and may be different from non-GAAP financial measures used by other companies. In addition, these non-GAAP measures have limitations in that they do not reflect all of the amounts associated with the results of our operations as determined in accordance with GAAP. The non-GAAP financial measures used by us include non-GAAP cost of revenue-subscription, non-GAAP cost of revenue-services, non-GAAP subscription gross margin, non-GAAP services gross margin, non-GAAP gross margin, non-GAAP gross profit, non-GAAP operating expenses, non-GAAP operating margin, and historical and forward-looking non-GAAP income/loss from operations, non-GAAP net income/loss, and non-GAAP net income/loss per share. These non-GAAP financial measures exclude stock-based compensation, amortization of acquired intangible assets, extraordinary non-cash real estate impairment charges, and acquisition and disposition-related expenses (if any) from our unaudited and audited condensed consolidated statement of operations.

For a description of these items, including the reasons why management adjusts for them, and reconciliations of historical non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the section of the accompanying financial statement tables titled “Use of Non-GAAP Financial Information” as well as the related financial statement tables that precede it. We may consider whether other significant non-recurring items that arise in the future should also be excluded in calculating the non-GAAP financial measures we use.

We believe that these non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, provide meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our core business, operating results or future outlook. Management uses, and believes that investors benefit from referring to, these non-GAAP financial measures in assessing our operating results, as well as when planning, forecasting and analyzing future periods. We use these non-GAAP financial measures in conjunction with traditional GAAP measures to communicate with our board of directors concerning our financial performance. These non-GAAP financial measures also facilitate comparisons of our performance to prior periods.

Annualized Recurring Revenue

Annualized Recurring Revenue (“ARR”) is a performance metric, which we use to assess the health and trajectory of our business. ARR equals the annualized value of recurring subscription contracts with active entitlements as of the end of the period. ARR does not reflect non-recurring partner revenue, subscription revenue with certain related parties, custom engineering, remote operation and management services, or premium add-on support.

CDP ARR is comprised of CDP Public Cloud SKUs, annualized based on quarterly consumption revenue, CDP Private Cloud SKUs, calculated based on the annualized value of recurring subscription agreements with active entitlements as of quarter-end, and legacy SKUs that are otherwise contractually entitled to run CDP.





Cloudera, Inc.
Consolidated Statements of Operations
(in thousands, except per share data)
(unaudited)

Three Months Ended January 31,Year Ended January 31,
2021202020212020
Revenue:
Subscription$206,807 $181,954 $782,769 $667,826 
Services19,756 29,766 86,489 126,365 
Total revenue226,563 211,720 869,258 794,191 
Cost of revenue:(1) (2)
Subscription26,026 29,103 107,834 117,739 
Services17,235 27,408 81,354 114,763 
Total cost of revenue43,261 56,511 189,188 232,502 
Gross profit183,302 155,209 680,070 561,689 
Operating expenses:(1) (2)
Research and development61,681 66,994 244,507 263,566 
Sales and marketing103,654 117,884 420,501 467,541 
General and administrative (3)
69,562 34,768 171,327 170,336 
Total operating expenses234,897 219,646 836,335 901,443 
Loss from operations(51,595)(64,437)(156,265)(339,754)
Interest (expense) income, net(892)2,484 3,994 11,687 
Other (expense) income, net(202)(106)(3,117)185 
Loss before provision for income taxes(52,689)(62,059)(155,388)(327,882)
Provision for income taxes(2,089)(2,228)(7,346)(8,700)
Net loss$(54,778)$(64,287)$(162,734)$(336,582)
Net loss per share, basic and diluted$(0.18)$(0.22)$(0.54)$(1.20)
Weighted-average shares used in computing net loss per share, basic and diluted303,526 291,193 302,522 280,772 

(1)Amounts include stock-based compensation expense as follows (in thousands):
Three Months Ended January 31,Year Ended January 31,
2021202020212020
Cost of revenue – subscription
$4,063 $4,285 $15,123 $16,599 
Cost of revenue – services
2,546 4,533 11,909 17,609 
Research and development
18,834 19,563 72,087 75,554 
Sales and marketing
13,513 17,161 55,173 63,360 
General and administrative 8,068 9,994 34,643 47,232 
Total stock-based compensation expense$47,024 $55,536 $188,935 $220,354 
(2)Amounts include amortization of acquired intangible assets as follows (in thousands):
Three Months Ended January 31,Year Ended January 31,
2021202020212020
Cost of revenue – subscription
$2,577 $2,855 $11,880 $11,213 
Sales and marketing
16,628 17,047 66,426 68,811 
Total amortization of acquired intangible assets
$19,205 $19,902 $78,306 $80,024 

(3)Amounts include the impairment of real estate lease related right-of-use assets and other long-lived assets of $35.8 million for the three months and year ended January 31, 2021.




Cloudera, Inc.
Consolidated Balance Sheets
(in thousands)
January 31,
2021
January 31,
2020
(unaudited)
ASSETS
Current assets:
Cash and cash equivalents
$298,672 $107,638 
Marketable securities
297,721 253,361 
Accounts receivable, net
316,098 249,971 
Deferred contract costs
53,048 54,776 
Prepaid expenses and other current assets
32,382 42,155 
Total current assets
997,921 707,901 
Property and equipment, net
18,065 21,988 
Marketable securities, non-current
173,281 122,193 
Intangible assets, net
532,630 605,236 
Goodwill
599,291 590,361 
Deferred contract costs, non-current
31,170 35,260 
Operating lease right-of-use assets
146,424 204,642 
Other assets
9,819 12,209 
TOTAL ASSETS
$2,508,601 $2,299,790 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable
$2,713 $3,858 
Accrued compensation
56,643 61,826 
Other accrued liabilities
30,196 22,297 
Operating lease liabilities
19,574 19,181 
Contract liabilities
553,983 472,786 
Total current liabilities
663,109 579,948 
Long-term debt487,089 — 
Operating lease liabilities, non-current
169,296 192,324 
Contract liabilities, non-current
54,414 81,926 
Other accrued liabilities, non-current
6,763 7,223 
TOTAL LIABILITIES
1,380,671 861,421 
STOCKHOLDERS’ EQUITY:
Common stock
15 15 
Additional paid-in capital
2,776,690 2,923,905 
Accumulated other comprehensive income
580 273 
Accumulated deficit
(1,649,355)(1,485,824)
TOTAL STOCKHOLDERS’ EQUITY1,127,930 1,438,369 
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY$2,508,601 $2,299,790 





Cloudera, Inc.
Consolidated Statements of Cash Flows
(in thousands)
(unaudited)

Three Months Ended January 31,Year Ended January 31,
2021202020212020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss $(54,778)$(64,287)$(162,734)$(336,582)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization 22,377 23,033 89,393 92,156 
Non-cash lease expense11,539 11,743 45,747 45,640 
 Impairment of real estate lease related assets35,828 — 35,828 — 
Stock-based compensation expense 47,024 55,536 188,935 220,354 
Amortization of deferred contract costs15,984 13,973 66,734 47,552 
Other1,008 23 9,395 (1,880)
Changes in assets and liabilities:
Accounts receivable (141,128)(87,908)(65,061)(8,956)
Prepaid expenses and other assets (2,357)(4,526)12,151 (8,280)
Deferred contract costs(24,915)(31,375)(60,916)(68,575)
Accounts payable (718)(8,282)(2,816)(4,089)
Accrued compensation 4,085 7,893 (6,140)5,570 
Other accrued liabilities 4,634 (4,795)1,187 109 
Operating lease liabilities(21,291)(23,161)(46,022)(51,059)
    Contract liabilities139,360 102,717 50,141 31,214 
Net cash provided by (used in) operating activities 36,652 (9,416)155,822 (36,826)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of marketable securities(77,515)(101,755)(472,715)(494,252)
Proceeds from sale of marketable securities10,007 29,998 120,329 86,739 
Maturities of marketable securities63,093 81,927 254,763 413,557 
Cash used in business combinations, net of cash acquired — — (12,358)(4,500)
Capital expenditures (2,748)(715)(10,053)(7,203)
Net cash (used in) provided by investing activities (7,163)9,455 (120,034)(5,659)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from debt, net of issuance costs490,546 — 490,546 — 
Repurchases of common stock(314,091)— (340,065)— 
Taxes paid related to net share settlement of equity awards(17,613)(11,536)(47,248)(32,621)
Proceeds from employee stock plans12,873 6,031 51,064 25,664 
Net cash provided by (used in) financing activities 171,715 (5,505)154,297 (6,957)
Effect of exchange rate changes on cash, cash equivalents and restricted cash1,354 (99)949 (1,607)
Net increase (decrease) in cash, cash equivalents and restricted cash202,558 (5,565)191,034 (51,049)
Cash, cash equivalents and restricted cash — Beginning of period99,466 116,555 110,990 162,039 
Cash, cash equivalents and restricted cash — End of period $302,024 $110,990 $302,024 $110,990 



Reconciliation of cash, cash equivalents and restricted cash as shown in the statement of cash flows:
As of January 31,
20212020
Cash and cash equivalents$298,672 $107,638 
Restricted cash included in Other assets3,352 3,352 
Total cash, cash equivalents and restricted cash$302,024 $110,990 






Cloudera, Inc.
Three Months Ended January 31, 2021
GAAP Results Reconciled to Non-GAAP Results
(in thousands, except percentage and per share amounts)
(unaudited)
GAAPStock-Based Compensation ExpenseAmortization of Acquired Intangible AssetsExtraordinary Non-Cash Real Estate Impairment ChargesNon-GAAP
Cost of revenue- Subscription$26,026 $(4,063)$(2,577)$— $19,386 
Subscription gross margin87 %%%— %91 %
Cost of revenue- Services17,235 (2,546)— — 14,689 
Services gross margin13 %13 %— %— %26 %
Gross profit183,302 6,609 2,577 — 192,488 
Total gross margin81 %%%— %85 %
Research and development61,681 (18,834)— — 42,847 
Sales and marketing103,654 (13,513)(16,628)— 73,513 
General and administrative69,562 (8,068)— (35,828)25,666 
(Loss) income from operations(51,595)47,024 19,205 35,828 50,462 
Operating margin(23)%21 %%16 %22 %
Net (loss) income(54,778)47,024 19,205 35,828 47,279 
Net (loss) income per share, basic(0.18)0.16 0.06 0.12 0.16 
Net (loss) income per share, diluted (1)
$(0.18)$0.16 $0.06 $0.11 $0.15 
(1) See below for a reconciliation of weighted-average shares outstanding used to calculate non-GAAP net income per share


Cloudera, Inc.
Three Months Ended January 31, 2020
GAAP Results Reconciled to Non-GAAP Results
(in thousands, except percentage and per share amounts)
(unaudited) 

GAAPStock-Based Compensation ExpenseAmortization of Acquired Intangible AssetsNon-GAAP
Cost of revenue- Subscription$29,103 $(4,285)$(2,855)$21,963 
Subscription gross margin84 %%%88 %
Cost of revenue- Services27,408 (4,533)— 22,875 
Services gross margin%15 %— %23 %
Gross profit155,209 8,818 2,855 166,882 
Total gross margin73 %%%79 %
Research and development66,994 (19,563)— 47,431 
Sales and marketing117,884 (17,161)(17,047)83,676 
General and administrative34,768 (9,994)— 24,774 
(Loss) income from operations(64,437)55,536 19,902 11,001 
Operating margin(30)%26 %%%
Net (loss) income(64,287)55,536 19,902 11,151 
Net (loss) income per share, basic (0.22)0.19 0.07 0.04 
Net (loss) income per share, diluted (1)
$(0.22)$0.20 $0.06 $0.04 
(1) See below for a reconciliation of weighted-average shares outstanding used to calculate non-GAAP net income per share




Cloudera, Inc.
Twelve Months Ended January 31, 2021
GAAP Results Reconciled to Non-GAAP Results
(in thousands, except percentage and per share amounts)
(unaudited)

GAAPStock-Based Compensation ExpenseAmortization of Acquired Intangible AssetsExtraordinary Non-Cash Real Estate Impairment ChargesNon-GAAP
Cost of revenue- Subscription$107,834 $(15,123)$(11,880)$— $80,831 
Subscription gross margin86 %%%— %90 %
Cost of revenue- Services81,354 (11,909)— — 69,445 
Services gross margin%14 %— %— %20 %
Gross profit680,070 27,032 11,880 — 718,982 
Total gross margin78 %%%— %83 %
Research and development244,507 (72,087)— — 172,420 
Sales and marketing420,501 (55,173)(66,426)— 298,902 
General and administrative171,327 (34,643)— (35,828)100,856 
(Loss) income from operations(156,265)188,935 78,306 35,828 146,804 
Operating margin(18)%22 %%%17 %
Net (loss) income(162,734)188,935 78,306 35,828 140,335 
Net (loss) income per share, basic(0.54)0.62 0.26 0.12 0.46 
Net (loss) income per share, diluted (1)
$(0.54)$0.62 $0.25 $0.12 $0.45 
(1) See below for a reconciliation of weighted-average shares outstanding used to calculate non-GAAP net income per share


Cloudera, Inc.
Twelve Months Ended January 31, 2020
GAAP Results Reconciled to Non-GAAP Results
(in thousands, except percentage and per share amounts)
(unaudited)

GAAPStock-Based Compensation ExpenseAmortization of Acquired Intangible AssetsNon-GAAP
Cost of revenue- Subscription$117,739 $(16,599)$(11,213)$89,927 
Subscription gross margin82 %%%87 %
Cost of revenue- Services114,763 (17,609)— 97,154 
Services gross margin%14 %— %23 %
Gross profit561,689 34,208 11,213 607,110 
Total gross margin71 %%%76 %
Research and development263,566 (75,554)— 188,012 
Sales and marketing467,541 (63,360)(68,811)335,370 
General and administrative170,336 (47,232)— 123,104 
Loss from operations(339,754)220,354 80,024 (39,376)
Operating margin(43)%28 %10 %(5)%
Net loss(336,582)220,354 80,024 (36,204)
Net loss per share, basic and diluted $(1.20)$0.78 $0.29 $(0.13)






Cloudera, Inc.
Reconciliation of weighted-average shares used for non-GAAP net income per share
(in thousands)
(unaudited) 


Three Months Ended January 31,Year Ended January 31,
2021202020212020
Weighted-average shares, basic303,526 291,193 302,522 280,772 
Effect of dilutive securities:
Stock options, unvested restricted stock units and ESPP8,794 16,572 12,160 — 
Weighted-average shares, diluted312,320 307,765 314,682 280,772 


Use of Non-GAAP Financial Information

In addition to the reasons stated under “Non-GAAP Financial Measures” above, which are generally applicable to each of the items we exclude from our non-GAAP financial measures, we believe it is appropriate to exclude or give effect to certain items for the following reasons:

Stock-based compensation expense. We exclude stock-based compensation expense from our non-GAAP financial measures consistent with how we evaluate our operating results and prepare our operating plans, forecasts and budgets. Further, when considering the impact of equity award grants, we focus on overall stockholder dilution rather than the accounting charges associated with such equity grants. The exclusion of the expense facilitates the comparison of results and business outlook for future periods with results for prior periods in order to better understand the long-term performance of our business.

Amortization of acquired intangible assets. We exclude the amortization of acquired intangible assets from our non-GAAP financial measures. Although the purchase accounting for an acquisition necessarily reflects the accounting value assigned to intangible assets, our management team excludes the GAAP impact of acquired intangible assets when evaluating our operating results. Likewise, our management team excludes amortization of acquired intangible assets from our operating plans, forecasts and budgets. The exclusion of the expense facilitates the comparison of results and business outlook for future periods with results for prior periods in order to better understand the long-term performance of our business.

Extraordinary non-cash real estate impairment charges. We exclude extraordinary non-cash real estate impairment charges from our non-GAAP financial measures. Extraordinary non-cash real estate impairment charges relate to charges that we incur as a result of activities with respect to our leased office locations. The exclusion of the impairment charges facilitates the comparison of results and business outlook for future periods with results for prior periods in order to better understand the long-term performance of our business.






Cloudera, Inc.
Reconciliation of Non-GAAP Financial Guidance
(unaudited)


Fiscal 2022
(in millions)First QuarterFull Year
GAAP operating loss($42) - ($37)($159) - ($149)
Stock-based compensation expense (*)
52 226 
Amortization of acquired intangible assets18 70 
Non-GAAP operating income $28 - $33$137 - $147


Fiscal 2022
(in millions)First QuarterFull Year
GAAP net loss($49) - ($43)($188) - ($176)
Stock-based compensation expense (*)
52 226 
Amortization of acquired intangible assets18 70 
Non-GAAP net income $21 - $27$108 - $120
(*) Stock-based compensation expense is impacted by a number of variables, each of which are inherently difficult to forecast. As a result, the guidance presented above is subject to a number of uncertainties and assumptions that may cause actual results to differ materially.


Investor Relations Contact:
Kevin Cook
investor-relations@cloudera.com
+1 (650) 644-3900

Press Contact:
Madge Miller
press@cloudera.com
+1 (888) 789-1488



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Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Cloudera, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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Financial Statements, Disclosures and Schedules

Inside this 8-K Corporate News

Material Contracts, Statements, Certifications & more

Cloudera, Inc. provided additional information to their SEC Filing as exhibits

Ticker: CLDR
CIK: 1535379
Form Type: 8-K Corporate News
Accession Number: 0001628280-21-004451
Submitted to the SEC: Wed Mar 10 2021 4:11:10 PM EST
Accepted by the SEC: Wed Mar 10 2021
Period: Wednesday, March 10, 2021
Industry: Prepackaged Software
Events:
  1. Earnings Release
  2. Financial Exhibit

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