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10-Q Filing

GODADDY INC. CIK: 1609711 Q1 2022
Filing Information
Form Type 10-Q
Accession Number 0001609711-22-000061
Period End Date 20220331
Filing Date 20220505
Fiscal Year 2022
Fiscal Period Q1
XBRL Instance gddy-20220331_htm.xml
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 50.00M shares Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 50.00M shares Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.26B USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $765.20M USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.29B USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $742.70M USD Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Accounts and other receivables AccountsReceivableNetCurrent $63.60M USD Point-in-time
Accounts and other receivables AccountsReceivableNetCurrent $59.70M USD Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Prepaid domain name registry fees PrepaidExpenseRegistryFeesCurrent $433.30M USD Point-in-time
Prepaid domain name registry fees PrepaidExpenseRegistryFeesCurrent $419.70M USD Point-in-time
Prepaid expenses and other current assets OtherPrepaidExpenseandOtherAssetsCurrent $208.00M USD Point-in-time
Prepaid expenses and other current assets OtherPrepaidExpenseandOtherAssetsCurrent $150.80M USD Point-in-time
Total current assets AssetsCurrent $1.89B USD Point-in-time
Total current assets AssetsCurrent $1.44B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $220.00M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $222.60M USD Point-in-time
Operating lease assets OperatingLeaseRightOfUseAsset $100.80M USD Point-in-time
Operating lease assets OperatingLeaseRightOfUseAsset $109.20M USD Point-in-time
Prepaid domain name registry fees, net of current portion PrepaidExpenseNoncurrent $186.80M USD Point-in-time
Prepaid domain name registry fees, net of current portion PrepaidExpenseNoncurrent $181.40M USD Point-in-time
Goodwill Goodwill $3.54B USD Point-in-time
Goodwill Goodwill $3.51B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.34B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.38B USD Point-in-time
Other assets OtherAssetsNoncurrent $89.20M USD Point-in-time
Other assets OtherAssetsNoncurrent $91.20M USD Point-in-time
Total assets Assets $6.90B USD Point-in-time
Total assets Assets $7.42B USD Point-in-time
Accounts payable AccountsPayableCurrent $114.20M USD Point-in-time
Accounts payable AccountsPayableCurrent $85.20M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $374.10M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $437.30M USD Point-in-time
Deferred revenue ContractWithCustomerLiabilityCurrent $1.96B USD Point-in-time
Deferred revenue ContractWithCustomerLiabilityCurrent $1.89B USD Point-in-time
Long-term debt LongTermDebtCurrent $24.10M USD Point-in-time
Long-term debt LongTermDebtCurrent $24.10M USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.47B USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.44B USD Point-in-time
Deferred revenue, net of current portion ContractWithCustomerLiabilityNoncurrent $743.30M USD Point-in-time
Deferred revenue, net of current portion ContractWithCustomerLiabilityNoncurrent $763.70M USD Point-in-time
Long-term debt, net of current portion LongTermDebtNoncurrent $3.86B USD Point-in-time
Long-term debt, net of current portion LongTermDebtNoncurrent $3.85B USD Point-in-time
Operating lease liabilities, net of current portion OperatingLeaseLiabilityNoncurrent $136.50M USD Point-in-time
Operating lease liabilities, net of current portion OperatingLeaseLiabilityNoncurrent $142.70M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $74.70M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $77.70M USD Point-in-time
Deferred tax liabilities DeferredIncomeTaxLiabilitiesNet $68.30M USD Point-in-time
Deferred tax liabilities DeferredIncomeTaxLiabilitiesNet $75.30M USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Preferred stock PreferredStockValueOutstanding - USD Point-in-time
Preferred stock PreferredStockValueOutstanding - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $1.67B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $1.59B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-1.47B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-2.16B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $20.10M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-38.60M USD Point-in-time
Total stockholders' equity (deficit) attributable to GoDaddy Inc. StockholdersEquity $-470.50M USD Point-in-time
Total stockholders' equity (deficit) attributable to GoDaddy Inc. StockholdersEquity $81.70M USD Point-in-time
Non-controlling interests MinorityInterest $1.50M USD Point-in-time
Non-controlling interests MinorityInterest $1.80M USD Point-in-time
Total stockholders' equity (deficit) StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-468.70M USD Point-in-time
Total stockholders' equity (deficit) StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $83.20M USD Point-in-time
Total stockholders' equity (deficit) StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-71.00M USD Point-in-time
Total stockholders' equity (deficit) StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-11.80M USD Point-in-time
Total liabilities and stockholders' equity (deficit) LiabilitiesAndStockholdersEquity $6.90B USD Point-in-time
Total liabilities and stockholders' equity (deficit) LiabilitiesAndStockholdersEquity $7.42B USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Equity-based compensation expense AllocatedShareBasedCompensationExpense $61.20M USD 1 Quarter
Equity-based compensation expense AllocatedShareBasedCompensationExpense $52.60M USD 1 Quarter
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $1.00B USD 1 Quarter
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $901.10M USD 1 Quarter
Cost of revenue (excluding depreciation and amortization) CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization $370.20M USD 1 Quarter
Cost of revenue (excluding depreciation and amortization) CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization $321.20M USD 1 Quarter
Technology and development TechnologyRelatedCosts $190.10M USD 1 Quarter
Technology and development TechnologyRelatedCosts $186.40M USD 1 Quarter
Marketing and advertising MarketingAndAdvertisingExpense $116.30M USD 1 Quarter
Marketing and advertising MarketingAndAdvertisingExpense $132.70M USD 1 Quarter
Customer care CustomerServiceExpense $77.70M USD 1 Quarter
Customer care CustomerServiceExpense $78.60M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $95.20M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $90.60M USD 1 Quarter
Depreciation and amortization CostDepreciationAmortizationAndDepletion $48.20M USD 1 Quarter
Depreciation and amortization CostDepreciationAmortizationAndDepletion $49.00M USD 1 Quarter
Total costs and operating expenses CostsAndExpenses $893.10M USD 1 Quarter
Total costs and operating expenses CostsAndExpenses $863.10M USD 1 Quarter
Operating income OperatingIncomeLoss $38.00M USD 1 Quarter
Operating income OperatingIncomeLoss $109.60M USD 1 Quarter
Interest expense InterestExpense $28.70M USD 1 Quarter
Interest expense InterestExpense $33.60M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $-1.10M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $700.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $74.90M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $10.00M USD 1 Quarter
Benefit (provision) for income taxes IncomeTaxExpenseBenefit $-800.00K USD 1 Quarter
Benefit (provision) for income taxes IncomeTaxExpenseBenefit $6.30M USD 1 Quarter
Net income ProfitLoss $68.60M USD 1 Quarter
Net income ProfitLoss $10.80M USD 1 Quarter
Less: net income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $200.00K USD 1 Quarter
Less: net income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Net income attributable to GoDaddy Inc. NetIncomeLoss $10.80M USD 1 Quarter
Net income attributable to GoDaddy Inc. NetIncomeLoss $68.40M USD 1 Quarter
Cash Flow Statement 60 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $68.60M USD 1 Quarter
Net income ProfitLoss $10.80M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $49.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $48.20M USD 1 Quarter
Equity-based compensation expense ShareBasedCompensation $52.60M USD 1 Quarter
Equity-based compensation expense ShareBasedCompensation $61.20M USD 1 Quarter
Other OtherNoncashIncomeExpense $-6.40M USD 1 Quarter
Other OtherNoncashIncomeExpense $-17.60M USD 1 Quarter
Prepaid domain name registry fees IncreaseDecreaseinPrepaidExpenseRegistryFees $28.30M USD 1 Quarter
Prepaid domain name registry fees IncreaseDecreaseinPrepaidExpenseRegistryFees $19.80M USD 1 Quarter
Deferred revenue IncreaseDecreaseInContractWithCustomerLiability $94.60M USD 1 Quarter
Deferred revenue IncreaseDecreaseInContractWithCustomerLiability $127.10M USD 1 Quarter
Other operating assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $-3.70M USD 1 Quarter
Other operating assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $19.50M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $250.90M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $221.30M USD 1 Quarter
Business acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $298.50M USD 1 Quarter
Business acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $9.00M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $12.30M USD 1 Quarter
Other investing activities PaymentsForProceedsFromOtherInvestingActivities $-1.00M USD 1 Quarter
Other investing activities PaymentsForProceedsFromOtherInvestingActivities $200.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-306.50M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-12.50M USD 1 Quarter
Issuance of senior notes ProceedsFromIssuanceOfSeniorLongTermDebt - USD 1 Quarter
Issuance of senior notes ProceedsFromIssuanceOfSeniorLongTermDebt $800.00M USD 1 Quarter
Stock option exercises ProceedsFromStockOptionsandWarrantsExercised $8.50M USD 1 Quarter
Stock option exercises ProceedsFromStockOptionsandWarrantsExercised $11.60M USD 1 Quarter
Repurchases of Class A common stock PaymentsForRepurchaseOfCommonStock $180.10M USD 1 Quarter
Repurchases of Class A common stock PaymentsForRepurchaseOfCommonStock $750.10M USD 1 Quarter
Repayment of term loans RepaymentsOfLongTermDebt $8.10M USD 1 Quarter
Repayment of term loans RepaymentsOfLongTermDebt $8.10M USD 1 Quarter
Other financing obligations RepaymentsOfOtherDebt $9.70M USD 1 Quarter
Other financing obligations RepaymentsOfOtherDebt $900.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $613.70M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-750.60M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-800.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-600.00K USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-513.00M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $527.90M USD 1 Quarter
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.26B USD Point-in-time
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $765.20M USD Point-in-time
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.29B USD Point-in-time
Cash and cash equivalents, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $742.70M USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.26B USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $765.20M USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.29B USD Point-in-time
Cash and cash equivalents, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $742.70M USD Point-in-time
Interest on long-term debt, including impact of interest rate swaps InterestPaidNet $15.00M USD 1 Quarter
Interest on long-term debt, including impact of interest rate swaps InterestPaidNet $28.10M USD 1 Quarter
Income taxes, net of refunds received IncomeTaxesPaidNet $4.50M USD 1 Quarter
Income taxes, net of refunds received IncomeTaxesPaidNet $1.20M USD 1 Quarter
Amounts included in the measurement of operating lease liabilities OperatingLeasePayments $12.70M USD 1 Quarter
Amounts included in the measurement of operating lease liabilities OperatingLeasePayments $13.70M USD 1 Quarter
Operating lease assets obtained in exchange for operating lease liabilities RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability $2.60M USD 1 Quarter
Operating lease assets obtained in exchange for operating lease liabilities RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability $3.00M USD 1 Quarter
Accrued purchases of property and equipment at period end CapitalExpendituresIncurredButNotYetPaid $5.90M USD 1 Quarter
Accrued purchases of property and equipment at period end CapitalExpendituresIncurredButNotYetPaid $2.30M USD 1 Quarter
Share repurchases not yet settled StockRepurchaseProgramShareRepurchasesNotYetSettled $15.00M USD 1 Quarter
Share repurchases not yet settled StockRepurchaseProgramShareRepurchasesNotYetSettled - USD 1 Quarter
Stockholders Equity 22 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-468.70M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $83.20M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-71.00M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-11.80M USD Point-in-time
Net income (loss) ProfitLoss $68.60M USD 1 Quarter
Net income (loss) ProfitLoss $10.80M USD 1 Quarter
Equity-based compensation, including amounts capitalized AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $62.20M USD 1 Quarter
Equity-based compensation, including amounts capitalized AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $53.20M USD 1 Quarter
Stock option exercises StockIssuedDuringPeriodValueShareBasedCompensationGross $11.60M USD 1 Quarter
Stock option exercises StockIssuedDuringPeriodValueShareBasedCompensationGross $8.50M USD 1 Quarter
Repurchases of Class A common stock StockRepurchasedAndRetiredDuringPeriodValue $750.20M USD 1 Quarter
Repurchases of Class A common stock StockRepurchasedAndRetiredDuringPeriodValue $195.10M USD 1 Quarter
Impact of derivatives, net OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax $93.10M USD 1 Quarter
Impact of derivatives, net OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax $26.50M USD 1 Quarter
Change in foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $33.70M USD 1 Quarter
Change in foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-34.30M USD 1 Quarter
Vesting of restricted stock units and other StockIssuedDuringPeriodValueRestrictedStockAwardGross $200.00K USD 1 Quarter
Vesting of restricted stock units and other StockIssuedDuringPeriodValueRestrictedStockAwardGross $100.00K USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-468.70M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $83.20M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-71.00M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-11.80M USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Unrealized swap gain (loss), net OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax $500.00K USD 1 Quarter
Unrealized swap gain (loss), net OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax $-2.50M USD 1 Quarter
Net income ProfitLoss $68.60M USD 1 Quarter
Net income ProfitLoss $10.80M USD 1 Quarter
Foreign exchange forward contracts gain (loss), net OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $3.20M USD 1 Quarter
Foreign exchange forward contracts gain (loss), net OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $2.10M USD 1 Quarter
Unrealized swap gain (loss), net OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $24.40M USD 1 Quarter
Unrealized swap gain (loss), net OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $89.90M USD 1 Quarter
Change in foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax $-33.70M USD 1 Quarter
Change in foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax $34.30M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $71.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $127.40M USD 1 Quarter
Less: comprehensive income attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $300.00K USD 1 Quarter
Less: comprehensive income attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $300.00K USD 1 Quarter
Comprehensive income attributable to GoDaddy Inc. ComprehensiveIncomeNetOfTax $127.10M USD 1 Quarter
Comprehensive income attributable to GoDaddy Inc. ComprehensiveIncomeNetOfTax $70.70M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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