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Nutanix, Inc. (NTNX) SEC Filing 10-K Annual Report for the fiscal year ending Sunday, July 31, 2022

Nutanix, Inc.

CIK: 1618732 Ticker: NTNX
Exhibit 99.1


Nutanix Reports Fourth Quarter and Fiscal 2022 Financial Results

Reports 27% YoY ACV Billings Growth and Achieves Positive Free Cash Flow for Fiscal 2022

Delivers Outperformance Across All Fourth Quarter Guided Metrics

SAN JOSE, Calif.--(BUSINESS WIRE)--August 31, 2022--Nutanix, Inc. (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced financial results for its fourth quarter and fiscal year ended July 31, 2022.

“Our fourth quarter capped off a fiscal year that showed strong year-over-year top and bottom line improvement,” said Rajiv Ramaswami, President and CEO of Nutanix. “Fiscal 2022 was an important data point in demonstrating the long-term benefits of our subscription business model transition. We expect these benefits to compound further in the coming years as renewals become a bigger share of our business.”

“Our Fiscal 2022 results reflect strong progress on our subscription model with 27% year-over-year ACV billings growth and achievement of positive free cash flow, which we expect to be sustainable on an annual basis,” said Rukmini Sivaraman, CFO of Nutanix. “We continue to see good execution on our building base of subscription renewals and remain focused on driving towards profitable growth.”

Fourth Quarter Fiscal 2022 Financial Summary







 

 


Q4 FY’22

 

Q4 FY’21

 

Y/Y Change

Annual Contract Value (ACV)1 Billings


$193.2 million

 

$176.3 million

 

10%

Annual Recurring Revenue (ARR)2


$1.20 billion

 

$878.7 million

 

37%

Average Contract Term3


3.2 years

 

3.4 years

 

(0.2) year

Revenue4


$385.5 million

 

$390.7 million

 

(1)%

GAAP Gross Margin


79.3%

 

79.9%

 

(60) bps

Non-GAAP Gross Margin


82.6%

 

82.9%

 

(30) bps

GAAP Operating Expenses


$439.1 million

 

$454.1 million

 

(3)%

Non-GAAP Operating Expenses


$355.8 million

 

$372.5 million

 

(4)%

Free Cash Flow


$23.2 million

 

$(42.2) million

 

$65.4 million







 

The following information was filed by Nutanix, Inc. (NTNX) on Wednesday, August 31, 2022 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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Inside Nutanix, Inc.'s 10-K Annual Report:

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 Stockholders??? Equity (Deficit)
Balance Sheet Components
Balance Sheet Components (Additional Information) (Details)
Balance Sheet Components (Tables)
Balance Sheet Components - Schedule Of Accrued Compensation Benefits (Details)
Balance Sheet Components - Schedule Of Accrued Expenses And Other Current Liabilities (Details)
Balance Sheet Components - Schedule Of Changes In The Carrying Amount Of Goodwill (Details)
Balance Sheet Components - Schedule Of Finite-Lived Intangible Assets, Future Amortization Expense (Details)
Balance Sheet Components - Schedule Of Intangible Assets, Net (Details)
Balance Sheet Components - Schedule Of Investments In Marketable Debt Securities, By Contractual Maturity Date (Details)
Balance Sheet Components - Schedule Of Prepaid Expenses And Other Current Assets (Details)
Balance Sheet Components - Schedule Of Property And Equipment, Net (Details)
Balance Sheet Components - Schedule Of Property And Equipment, Net (Parenthetical) (Details)
Business Combinations - Preliminary Aggregate Purchase Price Allocation (Details)
Commitments And Contingencies
Commitments And Contingencies - Additional Information (Details)
Convertible Senior Notes
Convertible Senior Notes (Tables)
Convertible Senior Notes - Additional Information (Details)
Convertible Senior Notes - Components Of Debt (Details)
Convertible Senior Notes - Components Of Notes (Parenthetical) (Details)
Convertible Senior Notes - Interest Expense Recognized (Details)
Convertible Senior Notes - Net Proceeds From Notes (Details)
Equity Incentive Plans
Equity Incentive Plans (Tables)
Equity Incentive Plans - Additional Information (Details)
Equity Incentive Plans - Espp (Details)
Equity Incentive Plans - Rsu (Details)
Equity Incentive Plans - Stock Based Compensation Expense (Details)
Equity Incentive Plans - Stock Options (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Additional Information (Details)
Fair Value Measurements - Fair Value Of Financial Assets And Liabilities (Details)
Fair Value Measurements - Non-Recurring Basis (Details)
Fair Value Measurements - Schedule Of Changes In Derivative Liability (Details)
Fair Value Measurements - Schedule Of Derivative Liability Measurement Inputs And Valuation Techniques (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Details)
Income Taxes - Schedule Of Deferred Tax Assets And Liabilities (Details)
Income Taxes - Schedule Of Effective Income Tax Rate Reconciliation (Details)
Income Taxes - Schedule Of Income Before Provision For Income Taxes, Domestic And Foreign (Details)
Income Taxes - Schedule Of Provision For Income Taxes, Current And Deferred (Details)
Income Taxes - Schedule Of Unrecognized Tax Benefits (Details)
Leases
Leases (Tables)
Leases - Additional Information (Details)
Leases - Remaining Maturity Under Topic 842 (Details)
Leases - Supplemental Balance Sheet (Details)
Leases - Supplemental Cash Flow And Other Information (Details)
Net Loss Per Share
Net Loss Per Share (Tables)
Net Loss Per Share - Antidilutive Securities (Additional Information) (Details)
Net Loss Per Share - Antidilutive Securities (Details)
Net Loss Per Share - Computation Of Basic And Diluted Net Loss Per Share (Details)
Overview And Summary Of Significant Accounting Policies
Overview And Summary Of Significant Accounting Policies (Policies)
Overview And Summary Of Significant Accounting Policies (Tables)
Overview And Summary Of Significant Accounting Policies - Additional Information (Details)
Overview And Summary Of Significant Accounting Policies - Schedule Of Changes In Allowance For Credit Losses (Details)
Overview And Summary Of Significant Accounting Policies - Schedules Of Concentration Of Revenue And Accounts Receivable (Details)
Restructuring Charges
Restructuring Charges (Additional Information) (Details)
Revenue, Deferred Revenue And Deferred Commissions
Revenue, Deferred Revenue And Deferred Commissions (Tables)
Revenue, Deferred Revenue And Deferred Commissions - Additional Information (Details)
Revenue, Deferred Revenue And Deferred Commissions - Deferred Revenue, By Arrangement, Disclosure (Details)
Revenue, Deferred Revenue And Deferred Commissions - Revenue By Arrangement, Disclosure (Details)
Segment Information
Segment Information (Tables)
Segment Information - Schedule Of Revenue By Geographic Area (Details)
Segment Information - Schedule Of Sets Forth Long-Lived Assets Include Property And Equipment, Net (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Additional Information (Details)
Stockholders' Equity - Schedule Of Reserved Shares Of Common Stock For Future Issuance (Details)
Subsequent Events - Additional Information (Details)
Ticker: NTNX
CIK: 1618732
Form Type: 10-K Annual Report
Accession Number: 0000950170-22-018732
Submitted to the SEC: Wed Sep 21 2022 4:28:32 PM EST
Accepted by the SEC: Wed Sep 21 2022
Period: Sunday, July 31, 2022
Industry: Prepackaged Software

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