Document and Entity Information
Document and Entity Information - USD ($) $ in Millions | 12 Months Ended | ||
Jan. 31, 2018 | Mar. 31, 2018 | Jul. 31, 2017 | |
Document and Entity Information [Abstract] | |||
Entity Registrant Name | Cloudera, Inc. | ||
Entity Central Index Key | 1,535,379 | ||
Current Fiscal Year End Date | --01-31 | ||
Entity Filer Category | Non-accelerated Filer | ||
Document Type | 10-K | ||
Document Period End Date | Jan. 31, 2018 | ||
Document Fiscal Year Focus | 2,018 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false | ||
Entity Common Stock, Shares Outstanding | 147,518,480 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Public Float | $ 1,170.9 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Jan. 31, 2018 | Jan. 31, 2017 |
CURRENT ASSETS: | ||
Cash and cash equivalents | $ 43,247 | $ 74,186 |
Short-term marketable securities | 327,842 | 160,770 |
Accounts receivable, net | 130,579 | 101,549 |
Prepaid expenses and other current assets | 31,470 | 13,197 |
Total current assets | 533,138 | 349,702 |
Property and equipment, net | 17,600 | 13,104 |
Marketable securities, noncurrent | 71,580 | 20,710 |
Intangible assets, net | 5,855 | 7,051 |
Goodwill | 33,621 | 31,516 |
Restricted cash | 18,052 | 15,446 |
Other assets | 9,312 | 5,015 |
TOTAL ASSETS | 689,158 | 442,544 |
CURRENT LIABILITIES: | ||
Accounts payable | 2,722 | 3,550 |
Accrued compensation | 41,393 | 33,376 |
Other accrued liabilities | 13,454 | 9,918 |
Deferred revenue, current portion | 257,141 | 192,242 |
Total current liabilities | 314,710 | 239,086 |
Deferred revenue, less current portion | 34,870 | 25,182 |
Other liabilities | 16,601 | 4,345 |
TOTAL LIABILITIES | 366,181 | 268,613 |
Commitments and contingencies (Note 6) | ||
Redeemable convertible preferred stock, $0.00005 par value; no shares authorized, issued, and outstanding at January 31, 2018; 74,907,415 shares authorized, issued, and outstanding at January 31, 2017; aggregate liquidation preference of zero and $670,875 at January 31, 2018 and January 31, 2017, respectively | 0 | 657,687 |
STOCKHOLDERS’ EQUITY (DEFICIT): | ||
Preferred stock, $0.00005 par value; 20,000,000 shares authorized, no shares issued and outstanding at January 31, 2018; no shares authorized, issued and outstanding, at January 31, 2017 | 0 | 0 |
Common stock, $0.00005 par value; 1,200,000,000 and 160,000,000 shares authorized at January 31, 2018 and 2017, respectively; 145,327,001 and 38,156,688 shares issued and outstanding at January 31, 2018 and 2017, respectively | 7 | 2 |
Additional paid-in capital | 1,385,592 | 192,795 |
Accumulated other comprehensive loss | (832) | (556) |
Accumulated deficit | (1,061,790) | (675,997) |
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) | 322,977 | (483,756) |
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT) | $ 689,158 | $ 442,544 |
Consolidated Balance Sheets - P
Consolidated Balance Sheets - Parenthetical - USD ($) | Jan. 31, 2018 | Jan. 31, 2017 |
Statement of Financial Position [Abstract] | ||
Redeemable convertible preferred stock, par value (in dollars per share) | $ 0.00005 | $ 0.00005 |
Redeemable convertible preferred stock authorized (in shares) | 0 | 74,907,415 |
Redeemable convertible preferred stock issued (in shares) | 0 | 74,907,415 |
Redeemable convertible preferred stock outstanding (in shares) | 0 | 74,907,415 |
Aggregate liquidation preference | $ 0 | $ 670,875,000 |
Preferred stock, par value (in dollars per share) | $ 0.00005 | $ 0.00005 |
Preferred stock authorized (in shares) | 20,000,000 | 0 |
Preferred stock issued (in shares) | 0 | 0 |
Preferred stock outstanding (in shares) | 0 | 0 |
Common stock par value (in dollars per share) | $ 0.00005 | $ 0.00005 |
Common stock authorized (in shares) | 1,200,000,000 | 160,000,000 |
Common stock issued (in shares) | 145,327,001 | 38,156,688 |
Common stock outstanding (in shares) | 145,327,001 | 38,156,688 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | |||
Jan. 31, 2018 | Jan. 31, 2017 | Jan. 31, 2016 | ||
Revenue: | ||||
Subscription | $ 301,022 | $ 200,252 | $ 119,150 | |
Services | 66,421 | 60,774 | 46,898 | |
Total revenue | 367,443 | 261,026 | 166,048 | |
Cost of revenue: | ||||
Subscription | [1],[2] | 70,902 | 38,704 | 30,865 |
Services | [1],[2] | 87,133 | 48,284 | 44,498 |
Total cost of revenue | [1],[2] | 158,035 | 86,988 | 75,363 |
Gross profit | 209,408 | 174,038 | 90,685 | |
Operating expenses: | ||||
Research and development | [1],[2],[3] | 215,695 | 102,309 | 99,314 |
Sales and marketing | [1],[2],[3] | 298,467 | 203,161 | 161,106 |
General and administrative | [1],[2],[3] | 85,539 | 55,907 | 34,902 |
Total operating expenses | [1],[2],[3] | 599,701 | 361,377 | 295,322 |
Loss from operations | (390,293) | (187,339) | (204,637) | |
Interest income, net | 5,150 | 2,756 | 2,218 | |
Other income (expense), net | 1,429 | (547) | 386 | |
Net loss before provision for income taxes | (383,714) | (185,130) | (202,033) | |
Provision for income taxes | (2,079) | (2,187) | (1,110) | |
Net loss | $ (385,793) | $ (187,317) | $ (203,143) | |
Net loss per share, basic and diluted (in dollars per share) | $ (3.38) | $ (5.15) | $ (6.21) | |
Weighted-average shares used in computing net loss, basic and diluted (in shares) | 114,141 | 36,406 | 32,724 | |
[1] | Amounts include amortization of acquired intangible assets as follows (in thousands): Year Ended January 31, 2018 2017 2016Cost of revenue – subscription $2,230 $1,997 $1,732Sales and marketing 1,493 1,723 1,723 | |||
[2] | Amounts include stock‑based compensation expense as follows (in thousands): Year Ended January 31, 2018 2017 2016 Cost of revenue – subscription $24,826 $1,426 $3,363Cost of revenue – services 31,843 1,803 4,301Research and development 100,143 5,606 23,048Sales and marketing 90,420 5,757 19,187General and administrative 42,774 7,122 13,691 | |||
[3] | In January 2017, we donated 1,175,063 shares of common stock to the Cloudera Foundation. We recorded a non‑cash charge of $21.6 million for the fair value of the donated shares, which was recognized in general and administrative expense for the year ended January 31, 2017. See Note 10 for further discussion. |
Consolidated Statements of Ope5
Consolidated Statements of Operations - Parenthetical - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 31, 2018 | Jan. 31, 2017 | Jan. 31, 2016 | |
Amortization expense of intangible assets | $ 3,700 | $ 3,700 | $ 3,500 |
Donation of common stock to the Cloudera Foundation | $ 21,600 | ||
Common Stock | |||
Donated common shares (in shares) | 1,175,063 | ||
Cost of revenue – subscription | |||
Stock-based compensation expense | 24,826 | $ 1,426 | 3,363 |
Amortization expense of intangible assets | 2,230 | 1,997 | 1,732 |
Cost of revenue – services | |||
Stock-based compensation expense | 31,843 | 1,803 | 4,301 |
Research and development | |||
Stock-based compensation expense | 100,143 | 5,606 | 23,048 |
Sales and marketing | |||
Stock-based compensation expense | 90,420 | 5,757 | 19,187 |
Amortization expense of intangible assets | 1,493 | 1,723 | 1,723 |
General and administrative | |||
Stock-based compensation expense | $ 42,774 | $ 7,122 | $ 13,691 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 31, 2018 | Jan. 31, 2017 | Jan. 31, 2016 | |
Statement of Comprehensive Income [Abstract] | |||
Net loss | $ (385,793) | $ (187,317) | $ (203,143) |
Other comprehensive income, net of tax: | |||
Foreign currency translation gains (losses) | 349 | 75 | (334) |
Unrealized gain (loss) on investments | (625) | 113 | (187) |
Total other comprehensive income (loss), net of tax | (276) | 188 | (521) |
Comprehensive loss | $ (386,069) | $ (187,129) | $ (203,664) |
Consolidated Statements of Rede
Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders' Equity (Deficit) - USD ($) | Total | Follow-On Offering | Redeemable Convertible Preferred Stock | Common Stock | Common StockFollow-On Offering | Additional Paid-In Capital | Additional Paid-In CapitalFollow-On Offering | Accumulated Other Comprehensive Loss | Accumulated Deficit |
Outstanding beginning of period (in shares) at Jan. 31, 2015 | 74,907,415 | ||||||||
Outstanding value beginning of period at Jan. 31, 2015 | $ 657,687,000 | ||||||||
Outstanding end of period (in shares) at Jan. 31, 2016 | 74,907,415 | ||||||||
Outstanding value end of period at Jan. 31, 2016 | $ 657,687,000 | ||||||||
Outstanding beginning of period (in shares) at Jan. 31, 2015 | 28,815,224 | ||||||||
Beginning balance at Jan. 31, 2015 | $ (222,640,000) | $ 1,000 | $ 63,119,000 | $ (223,000) | $ (285,537,000) | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||
Shares issued under employee stock plans (in shares) | 5,838,389 | ||||||||
Shares issued under employee stock plans | 10,865,000 | 10,865,000 | |||||||
Vested restricted stock units converted into shares (in shares) | 799,552 | ||||||||
Stock-based compensation expense | 63,590,000 | 63,590,000 | |||||||
Shares issued related to business combination (in shares) | 358,735 | ||||||||
Shares issued related to business combination | 9,542,000 | 9,542,000 | |||||||
Shares withheld related to net settlement of restricted stock units (in shares) | (36,206) | ||||||||
Shares withheld related to net settlement of restricted stock units | (1,202,000) | (1,202,000) | |||||||
Unrealized gain (loss) on investments | (187,000) | (187,000) | |||||||
Foreign currency translation gains (losses) | (334,000) | (334,000) | |||||||
Net loss | (203,143,000) | (203,143,000) | |||||||
Outstanding end of period (in shares) at Jan. 31, 2016 | 35,775,694 | ||||||||
Ending balance at Jan. 31, 2016 | $ (343,509,000) | $ 1,000 | 145,914,000 | (744,000) | (488,680,000) | ||||
Outstanding end of period (in shares) at Jan. 31, 2017 | 74,907,415 | 74,907,415 | |||||||
Outstanding value end of period at Jan. 31, 2017 | $ 657,687,000 | $ 657,687,000 | |||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||
Shares issued under employee stock plans (in shares) | 1,157,625 | 1,157,625 | |||||||
Shares issued under employee stock plans | $ 3,594,000 | $ 1,000 | 3,593,000 | ||||||
Vested restricted stock units converted into shares (in shares) | 48,306 | ||||||||
Stock-based compensation expense | 21,714,000 | 21,714,000 | |||||||
Unrealized gain (loss) on investments | 113,000 | 113,000 | |||||||
Foreign currency translation gains (losses) | 75,000 | 75,000 | |||||||
Donation of common stock to the Cloudera Foundation (in shares) | 1,175,063 | ||||||||
Donation of common stock to the Cloudera Foundation | 21,574,000 | 21,574,000 | |||||||
Net loss | (187,317,000) | (187,317,000) | |||||||
Outstanding end of period (in shares) at Jan. 31, 2017 | 38,156,688 | ||||||||
Ending balance at Jan. 31, 2017 | $ (483,756,000) | $ 2,000 | 192,795,000 | (556,000) | (675,997,000) | ||||
Increase (Decrease) in Temporary Equity [Roll Forward] | |||||||||
Conversion of redeemable convertible preferred stock to common stock in connection with initial public offering (in shares) | (74,907,415) | ||||||||
Conversion of redeemable convertible preferred stock to common stock in connection with initial public offering | $ (657,687,000) | ||||||||
Outstanding end of period (in shares) at Jan. 31, 2018 | 0 | 0 | |||||||
Outstanding value end of period at Jan. 31, 2018 | $ 0 | $ 0 | |||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||
Shares issued under employee stock plans (in shares) | 4,552,043 | 5,281,193 | |||||||
Shares issued under employee stock plans | $ 21,435,000 | 21,435,000 | |||||||
Vested restricted stock units converted into shares (in shares) | 9,974,266 | ||||||||
Stock-based compensation expense | 290,006,000 | 290,006,000 | |||||||
Shares issued related to business combination (in shares) | 358,206 | ||||||||
Shares issued related to business combination | $ 2,081,000 | 2,081,000 | |||||||
Shares withheld related to net settlement of restricted stock units (in shares) | (3,600,767) | (3,600,767) | |||||||
Shares withheld related to net settlement of restricted stock units | $ (59,781,000) | (59,781,000) | |||||||
Unrealized gain (loss) on investments | (625,000) | (625,000) | |||||||
Foreign currency translation gains (losses) | 349,000 | 349,000 | |||||||
Conversion of redeemable convertible preferred stock to common stock in connection with initial public offering (in shares) | 74,907,415 | ||||||||
Conversion of redeemable convertible preferred stock to common stock in connection with initial public offering | 657,687,000 | $ 4,000 | 657,683,000 | ||||||
Issuance of common stock, net of offering costs (in shares) | 17,250,000 | 3,000,000 | |||||||
Issuance of common stock, net of offering costs | 235,366,000 | $ 46,008,000 | $ 1,000 | 235,365,000 | $ 46,008,000 | ||||
Net loss | (385,793,000) | (385,793,000) | |||||||
Outstanding end of period (in shares) at Jan. 31, 2018 | 145,327,001 | ||||||||
Ending balance at Jan. 31, 2018 | $ 322,977,000 | $ 7,000 | $ 1,385,592,000 | $ (832,000) | $ (1,061,790,000) |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 31, 2018 | Jan. 31, 2017 | Jan. 31, 2016 | |
CASH FLOWS FROM OPERATING ACTIVITIES | |||
Net loss | $ (385,793) | $ (187,317) | $ (203,143) |
Adjustments to reconcile net loss to net cash used in operating activities: | |||
Depreciation and amortization | 12,102 | 10,134 | 8,586 |
Stock-based compensation | 290,006 | 21,714 | 63,590 |
Donation of common stock to the Cloudera Foundation | 0 | 21,574 | 0 |
Accretion and amortization of marketable securities | 512 | 2,867 | 3,605 |
Loss on disposal of fixed assets | (111) | 0 | 3 |
Release of deferred tax valuation allowance | (806) | 0 | 0 |
Changes in assets and liabilities: | |||
Accounts receivable | (28,788) | (52,139) | (19,015) |
Prepaid expenses and other assets | (16,194) | (3,300) | (1,795) |
Accounts payable | (667) | (281) | 1,455 |
Accrued compensation | 5,179 | 11,222 | 9,374 |
Accrued expenses and other liabilities | 8,105 | (284) | 4,757 |
Deferred revenue | 74,187 | 59,249 | 42,086 |
Net cash used in operating activities | (42,268) | (116,561) | (90,497) |
CASH FLOWS FROM INVESTING ACTIVITIES | |||
Purchases of marketable securities | (620,329) | (103,776) | (411,524) |
Sales of marketable securities | 79,069 | 74,655 | 71,379 |
Maturities of marketable securities | 321,552 | 207,792 | 111,913 |
Cash used in business combinations, net of cash acquired | (1,937) | (2,700) | (8,911) |
Capital expenditures | (12,954) | (7,385) | (5,539) |
Proceeds from sale of equipment | 145 | 0 | 0 |
Net cash provided by (used in) investing activities | (234,454) | 168,586 | (242,682) |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Net proceeds from (payments for) issuance of common stock in initial public offering | 237,422 | (2,056) | 0 |
Net proceeds from issuance of common stock in follow-on offering | 46,008 | 0 | 0 |
Shares withheld related to net share settlement of restricted stock units | (59,781) | 0 | (1,202) |
Proceeds from employee stock plans | 23,673 | 3,594 | 10,865 |
Net cash provided by financing activities | 247,322 | 1,538 | 9,663 |
Effect of exchange rate changes | 1,067 | 75 | (334) |
Net increase (decrease) in cash, cash equivalents and restricted cash | (28,333) | 53,638 | (323,850) |
Cash, cash equivalents and restricted cash — Beginning of year | 89,632 | 35,994 | 359,844 |
Cash, cash equivalents and restricted cash — End of year | 61,299 | 89,632 | 35,994 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||
Cash paid for income taxes | 2,694 | 1,689 | 1,131 |
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES | |||
Purchases of property and equipment in other accrued liabilities | 1,130 | 44 | 793 |
Fair value of common stock issued as consideration for business combinations | 2,081 | 0 | 9,542 |
Deferred offering costs in accounts payable and other accrued liabilities | 0 | 747 | 0 |
Conversion of redeemable convertible preferred stock to common stock | $ 657,687 | $ 0 | $ 0 |
Organization and Description of
Organization and Description of Business | 12 Months Ended |
Jan. 31, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization and Description of Business | Organization and Description of Business Cloudera, Inc. was incorporated in the state of Delaware on June 27, 2008 and is headquartered in Palo Alto, California. We sell subscriptions and services for our machine learning and analytics platform, optimized for the cloud. This platform delivers an integrated suite of capabilities for data management, machine learning and advanced analytics, affording customers an agile, scalable and cost‑effective solution for transforming their businesses. Unless the context requires otherwise, the words “we,” “us,” “our,” the “Company” and “Cloudera” refer to Cloudera, Inc. and its subsidiaries taken as a whole. As of January 31, 2018 , we had an accumulated deficit of $1,061.8 million . We have funded our operations primarily with the net proceeds we received through the sale of our common stock in our initial public offering (IPO), private sales of equity securities and proceeds from the sale of our subscriptions and services. Management believes that currently available resources will be sufficient to fund our cash requirements for at least the next twelve months. Initial Public Offering On May 3, 2017, we completed our IPO in which we issued and sold 17,250,000 shares of common stock at a public offering price of $15.00 per share. We received net proceeds of $235.4 million after deducting underwriting discounts and commissions of $18.1 million and other issuance costs of $5.3 million . In conjunction with the IPO, we donated $2.4 million , or 1% , of the net proceeds, to fund the Cloudera Foundation’s activities. Immediately prior to the closing of the IPO, all 74,907,415 shares of our then-outstanding redeemable convertible preferred stock automatically converted into shares of common stock and we reclassified $657.7 million from temporary equity to additional paid in capital on our consolidated balance sheet. Follow-On Offering On October 2, 2017, we completed our Follow-on Offering, in which we issued and sold 3,000,000 shares of common stock and certain stockholders sold 12,446,930 shares of common stock. The price per share to the public was $16.45 . We received net proceeds of $46.0 million after deducting underwriting discounts and commissions of $2.0 million and other issuance costs of $1.4 million . We did not receive any proceeds from the sale of shares by the selling stockholders. We issued and sold shares in the offering in order to fund the tax withholding and remittance obligations in connection with the vesting and settlement of restricted stock units (RSUs). |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Jan. 31, 2018 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies Basis of Consolidation The consolidated financial statements include the accounts of Cloudera, Inc. and its wholly owned subsidiaries which are located in various countries, including the United States, Australia, China, Germany, Hungary and the United Kingdom. All intercompany balances and transactions have been eliminated upon consolidation. The financial statements are prepared in accordance with accounting principles generally accepted in the United States (GAAP). Fiscal Year Our fiscal year ends on January 31. References to fiscal 2018 , for example, refers to the fiscal year ended January 31, 2018 . Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Significant items subject to such estimates include revenue recognition, the useful lives of property and equipment and intangible assets, allowance for doubtful accounts, stock‑based compensation expense, annual bonus attainment, self‑insurance costs incurred, the fair value of tangible and intangible assets acquired and liabilities assumed resulting from business combinations, the fair value of common stock prior to our IPO, the assessment of elements in a multi‑element arrangement and the valuation assigned to each element, and contingencies. These estimates and assumptions are based on management’s best estimates and judgment. Management regularly evaluates its estimates and assumptions using historical experience and other factors; however, actual results could differ significantly from these estimates. Segments We operate as two operating segments – subscription and services. Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker, who is our chief executive officer, in deciding how to allocate resources and assess performance. Foreign Currency Translation The functional currency of our foreign subsidiaries is the local currency. The gains and losses resulting from translating our foreign subsidiaries’ financial statements into U.S. dollars have been reported in accumulated other comprehensive loss on the consolidated balance sheet. Assets and liabilities are translated at exchange rates in effect at the balance sheet date. Equity is translated at the historical rates from the original transaction period. Revenue and expenses are translated at average exchange rates in effect during the period. Foreign currency transaction gains and losses are included in other income, net on the statement of operations. Cash, Cash Equivalents and Restricted Cash Cash equivalents consist of short-term, highly liquid investments with original maturities of three months or less from the date of purchase. Restricted cash represents cash on deposit with financial institutions in support of letters of credit outstanding in favor of certain landlords for office space, which includes $14.7 million in restricted cash related to a new non‑cancelable operating lease agreement to rent office space in Palo Alto, California that was entered into in September 2016. Cash as reported on the consolidated statements of cash flows includes the aggregate amounts of cash and cash equivalents and the restricted cash as shown on the consolidated balance sheets. Cash as reported on the consolidated statements of cash flows consists of the following (in thousands): As of January 31, 2018 2017 2016 Cash and cash equivalents $ 43,247 $ 74,186 $ 35,966 Restricted cash 18,052 15,446 28 Cash, cash equivalents and restricted cash $ 61,299 $ 89,632 $ 35,994 Marketable Securities We have investments in various marketable securities which are classified as available for sale. We determine the appropriate classification of marketable securities at the time of purchase and reevaluate such determination at each balance sheet date. The investments are adjusted for amortization of premiums and discounts to maturity and such amortization is included in interest income, net on the statement of operations. Changes in market value considered to be temporary are recorded as unrealized gains or losses in other comprehensive loss. Realized gains and losses and declines in value judged to be other than temporary on available‑for‑sale securities are included in other income (expense), net on the statement of operations. The cost of securities sold is based on the specific‑identification method. Concentration of Credit Risk and Significant Customers Financial instruments that subject us to concentrations of credit risk consist primarily of cash and cash equivalents, marketable securities, restricted cash, and accounts receivable. Our cash is deposited with high credit quality financial institutions. At times such deposits may be in excess of the Federal Depository Insurance Corporation insured limits. We have not experienced any losses on these deposits. At January 31, 2018 and 2017 , one customer represented 16% and 21% , respectively, of accounts receivable. For the years ended January 31, 2018 , 2017 and 2016 , no single customer accounted for 10% or more of revenue. Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are recorded at the invoiced amount. We generally do not require collateral and estimate the allowance for doubtful accounts based on the age of outstanding receivables, customer creditworthiness and existing economic conditions. If events or changes in circumstances indicate that specific receivable balances may be impaired, further consideration is given to the collectability of those balances and an allowance is recorded accordingly. Past‑due receivable balances are written off when internal collection efforts have been unsuccessful in collecting the amount due. As of January 31, 2018 allowance for doubtful accounts was $0.3 million and was $0.1 million as of both January 31, 2017 and 2016 . The movements in the allowance for doubtful accounts were not significant for any of the periods presented. Property and Equipment, Net Property and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation and amortization of property and equipment is calculated using a straight‑line method over the estimated useful lives of the respective assets. Maintenance and repairs that do not extend the life or improve the asset are expensed when incurred. The estimated useful lives of the Company’s assets are as follows: Computer software 2 years Computer equipment 2-3 years Furniture and office equipment 3 years Leasehold improvements Shorter of remaining lease term or estimated useful life We review property and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. An impairment loss is recognized when the total of estimated undiscounted future cash flows expected to result from the use of the asset and its eventual disposition is less than its carrying amount. Impairment, if any, would be assessed using discounted cash flows or other appropriate measures of fair value. There was no impairment of property and equipment during the years ended January 31, 2018 , 2017 or 2016 . Goodwill and Intangible Assets Goodwill represents the excess of the purchase price in a business combination over the fair value of net tangible and intangible assets acquired. Goodwill amounts are not amortized, but rather tested for impairment at least annually in November or more often if and when circumstances indicate that the carrying value may not be recoverable. Intangible assets are amortized over their useful lives. Each period we evaluate the estimated remaining useful life of our intangible assets and whether events or changes in circumstances warrant a revision to the remaining period of amortization. We evaluate the recoverability of our long‑lived assets, including intangible assets, for possible impairment whenever events or circumstances indicate that the carrying amount of such assets may not be recoverable. Recoverability of these assets is measured by comparison of the carrying amount of each asset to the future undiscounted cash flows the asset is expected to generate. If the undiscounted cash flows used in the test for recoverability are less than the carrying amount of these assets, then the carrying amount of such assets is reduced to fair value. There were no impairments of goodwill or intangible assets during the years ended January 31, 2018 , 2017 or 2016 . Business Combinations We use our best estimates and assumptions to assign fair value to tangible and intangible assets acquired and liabilities assumed at the acquisition date. Such estimates are inherently uncertain and subject to refinement. We continue to collect information and reevaluate these estimates and assumptions and record any adjustments to the preliminary estimates to goodwill provided that we are within the measurement period. Upon the conclusion of the measurement period or final determination of the fair value of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the consolidated statements of operations. Capitalized Software Costs Capitalization of software development costs for products to be sold to third parties begins upon the establishment of technological feasibility and ceases when the product is available for general release. There is generally no significant passage of time between achievement of technological feasibility and the availability of our software for general release, and the majority of our software is open‑source. Therefore, we have not capitalized any software costs through January 31, 2018 or 2017. All software development costs have been charged to research and development expense in the consolidated statements of operations as incurred. Comprehensive Loss Comprehensive loss represents the net loss for the period plus the results of certain changes to stockholders’ equity (deficit) that are not reflected in the consolidated statements of operations. Revenue Recognition We generate revenue from subscriptions and services. Subscription arrangements are typically one to three years in length but may be up to seven years in limited cases. Arrangements with our customers typically do not include general rights of return. Incremental direct costs incurred related to the acquisition or origination of a customer contract are expensed as incurred. Revenue recognition commences when all of the following criteria are met: (i) persuasive evidence of an arrangement exists; (ii) delivery has occurred; (iii) the fee is fixed or determinable; and (iv) collection is probable. Subscription revenue Subscription revenue primarily relates to term (or time‑based) subscription agreements for both open source and proprietary software. Subscriptions include internet, email and phone support, bug fixes, and the right to receive unspecified software updates and upgrades released when and if available during the subscription term. Revenue for subscription arrangements is recognized ratably over the contractual term of the arrangement beginning on the date access to the subscription is made available to the customer. Services revenue Services revenue relates to professional services for the implementation and use of our subscriptions, machine learning expertise and consultation, training and education services and related reimbursable travel costs. For time and materials and fixed fee arrangements, revenue is recognized as the services are performed or upon acceptance, if applicable. For milestone‑based arrangements, revenue is recognized upon acceptance or subsequent to completion upon the lapse of any acceptance period. Revenue for training and education services is recognized upon delivery, except for On‑Demand Training, which is recognized ratably over the contractual term. Multiple ‑ element arrangements Arrangements with our customers generally include multiple elements such as subscription and services. We allocate revenue to each element of the arrangement based on vendor‑specific objective evidence of each element’s fair value (VSOE) when we can demonstrate sufficient evidence of the fair value. VSOE for elements of an arrangement is based upon the normal pricing and discounting practices for those elements when sold separately on a stand‑alone basis. We have established VSOE for some of our services. If VSOE for one or more undelivered elements does not exist, revenue recognition does not commence until delivery of both the subscription and services have commenced, or when VSOE of the undelivered elements has been established. Once revenue recognition commences, revenue for the arrangement is recognized ratably over the longest service period in the arrangement . Reseller arrangements We recognize subscription revenue for sales through resellers or other indirect sales channels. Subscription revenue from these sales is generally recognized upon sell‑through to an end user customer. Where payments to us are believed to be contingent upon payment by the end user to the reseller, subscription revenue is not recognized until cash is collected. Deferred revenue Deferred revenue consists of amounts billed to or collected from customers under a binding agreement provided delivery of the related subscription or services has commenced. Cost of Revenue Cost of revenue for subscriptions and services is expensed as incurred. Cost of revenue for subscriptions primarily consists of personnel costs such as salaries, bonuses and benefits and stock‑based compensation for employees providing technical support for our subscription customers, allocated shared costs (including rent and information technology) and amortization of acquired intangible assets. Cost of revenue for services primarily consists of personnel costs for employees and subcontractors associated with service contracts, travel costs and allocated shared costs. Research and Development Research and development costs are expensed as incurred and primarily include personnel costs, contractor fees, allocated shared costs, supplies, and depreciation of equipment associated with the development of new features for our subscriptions prior to the establishment of their technological feasibility. Advertising Costs Advertising costs are expensed as incurred. Advertising costs were $0.6 million , $0.8 million and $0.7 million for the years ended January 31, 2018 , 2017 and 2016 , respectively. Stock‑Based Compensation We recognize stock‑based compensation expense for all stock‑based payments. Employee stock‑based compensation cost is estimated at the grant date based on the fair value of the equity for financial reporting purposes and is recognized as expense over the requisite service period. Prior to our IPO, fair value of our common stock for financial reporting purposes was determined considering objective and subjective factors and required judgment to determine the fair value of common stock for financial reporting purposes as of the date of each equity grant or modification. We calculate the fair value of options and purchase rights granted under the 2017 Employee Stock Purchase Plan (ESPP) based on the Black ‑ Scholes option ‑ pricing model. The Black ‑ Scholes model requires the use of various assumptions including expected term and expected stock price volatility. We estimate the expected term for stock options using the simplified method due to the lack of historical exercise activity. The simplified method calculates the expected term as the midpoint between the vesting date and the contractual expiration date of the award. The expected term for the ESPP purchase rights is estimated using the offering period, which is typically six months. We estimate volatility for options and ESPP purchase rights using volatilities of a group of public companies in a similar industry, stage of life cycle, and size. The interest rate is derived from government bonds with a similar term to the option or ESPP purchase right granted. We have not declared nor do we expect to declare dividends. Therefore, there is no dividend impact on the valuation of options or ESPP purchase rights. We use the straight ‑ line method for employee expense attribution for stock options and ESPP purchase rights. We have granted RSUs to our employees and members of our board of directors under our 2008 Equity Incentive Plan (2008 Plan) and our 2017 Equity Incentive Plan (2017 Plan). Prior to our IPO in May 2017, the employee RSUs vest upon the satisfaction of both a service‑based vesting condition and a liquidity event‑related performance condition. RSUs granted subsequent to our IPO vest upon the satisfaction of a service‑based vesting condition only. The service‑based condition for the majority of these awards is generally satisfied pro‑rata over four years . The liquidity event‑related performance condition is satisfied upon the occurrence of a qualifying liquidity event, such as the effective date of an IPO, or six months following the effective date of an IPO. During the quarter ended April 30, 2017, the majority of RSUs were modified such that the liquidity event‑related performance condition is satisfied upon the effective date of an IPO, rather than six months following an IPO. The modification established a new measurement date for these modified RSUs. The liquidity event‑related performance condition is viewed as a performance‑based criterion for which the achievement of such liquidity event is not deemed probable for accounting purposes until the event occurs. The liquidity event‑related performance condition was achieved for the majority of our RSUs and became probable of being achieved for the remaining RSUs on April 27, 2017, the effective date of our IPO. We recognized stock‑based compensation expense using the accelerated attribution method with a cumulative catch‑up of stock‑based compensation expense in the amount of $181.5 million in fiscal 2018, attributable to service prior to such effective date. In fiscal 2017 and fiscal 2016, stock ‑ based compensation expense was recorded based on awards that were ultimately expected to vest, and such expense was reduced for estimated forfeitures. When estimating forfeitures, we considered voluntary termination behaviors as well as trends of the actual option forfeitures. Prior to our IPO, we also recorded stock‑based compensation expense when a holder of an economic interest in Cloudera purchased shares from an employee for an amount in excess of the fair value of the common stock at the time of the purchase. We recognized any excess value transferred in these transactions as stock‑based compensation expense in the consolidated statement of operations. We estimate the fair value of options and other equity awards granted to non‑employees using the Black‑Scholes method. These awards are subject to periodic re‑measurement over the period during which services are rendered. Stock‑based compensation expense is recognized over the vesting period on a straight‑line basis. Income Taxes We account for income taxes under the liability method, whereby deferred tax assets and liabilities are determined based on the difference between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to affect taxable income. A valuation allowance is established when, in management’s estimate, it is more likely than not that the deferred tax asset will not be realized. Any liability related to uncertain tax positions is recorded on the financial statements within other liabilities. Penalties and interest expense related to income taxes, including uncertain tax positions, are classified as a component of provision for income taxes, as necessary. In December 2017, the U.S. federal government enacted the 2017 Tax Cuts & Jobs Act (“Tax Act”). The Tax Act includes a number of changes in existing tax law impacting businesses, including the transition tax, a one‑time deemed repatriation of cumulative undistributed foreign earnings and a permanent reduction in the U.S. federal statutory rate from 35% to 21%, effective on January 1, 2018. We are required to recognize the effects of the tax law changes in the period of enactment, including the determination of the transition tax and the re-measurement of deferred taxes as well as to re-assess the realizability of our deferred tax assets. Subsequent to the enactment of the Tax Act, the SEC staff issued Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the Tax Cuts and Jobs Act ("SAB 118"), which allows companies to record provisional amounts related to the effects of the Tax Act during a measurement period not to extend beyond one year of the enactment date. Due to the timing of the Tax Act and additional guidance and interpretations that may be issued by the U.S. Treasury Department, IRS and other standard-setting bodies in the future, we have not completed our analysis of the income tax effects of the Tax Act. Our provisional estimates will be adjusted during the measurement period defined under SAB 118, based upon our ongoing analysis of our data and tax positions along with the new guidance from regulators and interpretations of the law. Net Loss Per Share We follow the two‑class method when computing net loss per common share as we issue shares that meet the definition of participating securities. The two‑class method determines net income (loss) per common share for each class of common stock and participating securities according to dividends declared or accumulated and participation rights in undistributed earnings. The two‑class method requires income available to common stockholders for the period to be allocated between common stock and participating securities based upon their respective rights to receive dividends as if all income for the period had been distributed. Prior to the automatic conversion into shares of common stock as a result of our IPO, our redeemable convertible preferred stock contractually entitled the holders of such shares to participate in dividends, but did not contractually require the holders of such shares to participate in our losses. For periods in which we have reported net losses, diluted net loss per share is the same as basic net loss per share, because potentially dilutive common shares are not assumed to have been issued if their effect is anti‑dilutive. Commitments and Contingencies Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been or will be incurred and the amount of the liability can be reasonably estimated. Legal costs incurred in connection with loss contingencies are expensed as incurred. JOBS Act Accounting Election We are an emerging growth company, as defined in the Jumpstart Our Business Startups Act of 2012 (JOBS Act). Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act until such time as those standards apply to private companies. We have elected to retain the ability to use this extended transition period for complying with new or revised accounting standards that have different effective dates for public and private companies until the earlier of the date we (i) are no longer an emerging growth company or (ii) affirmatively and irrevocably opt out of the extended transition period provided in the JOBS Act. As a result, our financial statements may not be comparable to companies that comply with new or revised accounting pronouncements as of public company effective dates. Recently Adopted Accounting Standards In March 2016, the Financial Accounting Standards Board (FASB) issued ASU No. 2016‑09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share‑Based Payment Accounting , or ASU 2016‑09, which simplifies the accounting and reporting of share‑based payment transactions, including adjustments to how excess tax benefits and payments for tax withholdings should be classified and provides the election to eliminate the estimate for forfeitures. For public entities, this standard is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. For all other entities, this standard is effective for annual reporting periods beginning after December 15, 2017, and interim periods within annual periods beginning after December 15, 2018. Early adoption is permitted for any entity in any interim or annual period for which financial statements have not been issued or made available for issuance. We early adopted this standard in the first quarter of fiscal 2018. As a result of this adoption, we have elected to account for forfeitures as they occur. The adoption of this standard did not have a material impact on our consolidated financial statements. Recently Issued Accounting Standards In May 2014, the FASB issued ASU No. 2014‑09, Revenue from Contracts with Customers (Topic 606) , or ASU 2014‑09, which amended the existing FASB Accounting Standards Codification. ASU 2014‑09 establishes a principle for recognizing revenue upon the transfer of promised goods or services to customers, in an amount that reflects the expected consideration received in exchange for those goods or services and also provides guidance on the recognition of costs related to obtaining and fulfilling customer contracts. For public entities, including Cloudera, this standard is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. For all other entities, this standard is effective for annual reporting periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019. Early adoption is permitted. We are currently in the process of assessing the adoption methodology, which allows ASU 2014‑09 to be applied either retrospectively to each prior period presented or with the cumulative effect recognized as of the date of initial application. Our final determination will depend on a number of factors, such as the significance of the impact of the new standard on our financial results, system readiness, including that of software procured from third‑party providers, and our ability to accumulate and analyze the information necessary to assess the impact on prior period financial statements, as necessary. We are also currently evaluating the impact ASU 2014‑09 will have on our consolidated financial statements and our accounting policies, processes, and system requirements. We have assigned internal resources in addition to engaging third party service providers to assist in the evaluation. While we continue to assess all potential impacts under ASU 2014‑09, we have completed a preliminary assessment to determine the effect of adoption on our existing revenue arrangements and are analyzing specific transactions to confirm those conclusions. We have also begun implementing our new revenue recognition systems. We currently recognize subscription revenue ratably over the subscription period. Under the new standard, these subscription arrangements represent two performance obligations; a software license that is delivered upfront and a series of performance obligations that are delivered over time. We believe that a significant portion of our subscription revenue meets the criteria for revenue recognition over time and the vast majority of the revenue will continue to be recognized ratably under the new standard. We expect that a portion of the arrangement fee related to the software license will be recognized upfront, which we believe will usually be insignificant in comparison to the entire arrangement, as we offer the substantial majority of functional features for free in the open source version of our software. Accounting for certain sales commissions under ASU 2014‑09 is different than our current accounting policy which is to expense sales commissions as incurred whereas such costs will be deferred and amortized under ASU 2014‑09. This will result in an increase in deferred costs recognized on our balance sheet. Additionally, we preliminarily believe that the amortization period for such deferred commission costs will be longer than the contract term of the subscription agreement, as ASU 2014‑09 requires entities to determine whether the costs relate to specific anticipated contracts. While we continue to assess the potential impacts of ASU 2014‑09, including the areas described above, and anticipate ASU 2014‑09 could have a material impact on our consolidated financial statements, we do not know and cannot reasonably estimate the quantitative impact on our financial statements at this time. In February 2016, the FASB issued ASU No. 2016‑02, Leases (Topic 842) , or ASU 2016‑02, which requires lessees to record most leases on their balance sheets but recognize the expenses on their income statements in a manner similar to current practice. ASU 2016‑02 states that a lessee would recognize a lease liability for the obligation to make lease payments and a right‑to‑use asset for the right to use the underlying asset for the lease term. For public entities, this standard is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period. For all other entities, this standard is effective for annual reporting periods beginning after December 15, 2019, and interim periods within annual periods beginning after December 15, 2020. Early adoption is permitted. We are currently evaluating the impact that this standard will have on our consolidated financial statements. In June 2016 the FASB issued ASU No. 2016‑13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , or ASU 2016‑13. ASU 2016‑13 requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. For public entities, this standard is effective for annual reporting periods beginning after December 15, 2019, including interim periods within that reporting period. For all other entities, this standard is effective for annual reporting periods beginning after December 15, 2020, including interim periods within that reporting period. Earlier adoption is permitted in our first interim period in fiscal 2020. We are currently evaluating the impact that this standard will have on our consolidated financial statements. In August 2016, the FASB issued ASU No. 2016‑15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments , or ASU 2016‑15. ASU 2016‑15 identifies how certain cash receipts and cash payments are presented and classified in the Statement of Cash Flows. For public entities, this standard is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. For all other entities, this standard is effective for annual reporting periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019. This standard should be applied retrospectively and early adoption is permitted, including adoption in an interim period. We are currently evaluating the impact that this standard will have on our consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory , or ASU 2016-16. ASU 2016-16 requires entities to recognize the income tax consequences of an intra-entity transfer of an asset, other than inventory, when the transfer occurs. For public entities, this standard is effective for annual reporting periods beginning after December 15, 2017. For all other entities, this standard is effective for annual reporting periods beginning after December 15, 2018. Early adoption is permitted as of the beginning of an annual period. We are currently evaluating the impact that this standard will have on our consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business (ASU 2017-01), |
Cash Equivalents and Marketable
Cash Equivalents and Marketable Securities | 12 Months Ended |
Jan. 31, 2018 | |
Cash and Cash Equivalents [Abstract] | |
Cash Equivalents and Marketable Securities | Cash Equivalents and Marketable Securities The following are the fair values of our cash equivalents and marketable securities as of January 31, 2018 (in thousands): Amortized Unrealized Unrealized Estimated Cash equivalents: (1) Money market funds $ 10,226 $ — $ — $ 10,226 Asset-backed securities 1,600 — — 1,600 Marketable securities: U.S. agency obligations 7,803 (39 ) 7,764 Asset-backed securities 46,529 — (124 ) 46,405 Corporate notes and obligations 195,460 3 (517 ) 194,946 Commercial paper 85,438 — (16 ) 85,422 Municipal securities 13,339 — (18 ) 13,321 Certificates of deposit 24,705 3 (7 ) 24,701 U.S. treasury securities 26,903 — (40 ) 26,863 Total cash equivalents and marketable $ 412,003 $ 6 $ (761 ) $ 411,248 The following are the fair values of our cash equivalents and marketable securities as of January 31, 2017 (in thousands): Amortized Unrealized Unrealized Estimated Cash equivalents: (1) Money market funds $ 49,390 $ — $ — $ 49,390 U.S. agency obligations 3,249 — — 3,249 Corporate notes and obligations 2,050 — — 2,050 Commercial paper 3,998 — — 3,998 Marketable securities: Asset-backed securities 39,281 — (17 ) 39,264 Corporate notes and obligations 105,698 5 (116 ) 105,587 Municipal securities 16,128 — (23 ) 16,105 Certificate of deposit 15,500 20 — 15,520 U.S. treasury securities 5,004 — — 5,004 Total cash equivalents and marketable $ 240,298 $ 25 $ (156 ) $ 240,167 (1) Included in “cash and cash equivalents” in the accompanying consolidated balance sheet as of January 31, 2018 and 2017 . Maturities of our noncurrent marketable securities generally range from one year to three years at January 31, 2018 and one year to four years at January 31, 2017 . As of January 31, 2018 , the following marketable securities were in an unrealized loss position (in thousands): Less than 12 months Greater than 12 months Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized U.S. agency obligations $ 7,764 $ (39 ) $ — $ — $ 7,764 $ (39 ) Asset-backed securities 42,399 (124 ) 308 — 42,707 (124 ) Corporate notes and obligations 173,508 (498 ) 7,997 (19 ) 181,505 (517 ) Commercial paper 25,852 (16 ) — — 25,852 (16 ) Municipal securities 9,323 (18 ) — — 9,323 (18 ) Certificates of deposit 16,199 (7 ) — — 16,199 (7 ) U.S. treasury securities 21,863 (40 ) — — 21,863 (40 ) Total $ 296,908 $ (742 ) $ 8,305 $ (19 ) $ 305,213 $ (761 ) No marketable securities held as of January 31, 2017 had been in a continuous unrealized loss position for more than twelve months. The unrealized loss for each of these fixed rate marketable securities ranged from less than $1,000 to $51,000 as of January 31, 2018 and less than $1,000 to $26,000 as of January 31, 2017 . We do not believe any of the unrealized losses represent an other‑than‑temporary impairment based on our evaluation of available evidence as of January 31, 2018 and 2017 . We expect to receive the full principal and interest on all of these marketable securities and have the ability and intent to hold these investments until a recovery of fair value. Realized gains and realized losses on our cash equivalents and marketable securities are included in other income (expense), net on the consolidated statement of operations and were not material for the years ended January 31, 2018 , 2017 and 2016. Reclassification adjustments out of accumulated other comprehensive loss into net loss were not material for the years ended January 31, 2018 and 2017 . |
Fair Value Measurement
Fair Value Measurement | 12 Months Ended |
Jan. 31, 2018 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurement | Fair Value Measurement Our financial assets and liabilities consist principally of cash and cash equivalents, marketable securities, restricted cash, accounts receivable, and accounts payable. We measure and record certain financial assets and liabilities at fair value on a recurring basis. The estimated fair value of accounts receivable and accounts payable approximates their carrying value due to their short‑term nature. Cash equivalents, marketable securities and restricted cash are recorded at estimated fair value. All of our cash equivalents and marketable securities are classified within Level 1 or Level 2 because the cash equivalents and marketable securities are valued using quoted market prices or alternative pricing sources and models utilizing observable market inputs. We follow a three‑level valuation hierarchy for disclosure of fair value measurements as follows: Level 1 Inputs are unadjusted quoted prices in active markets for identical assets or liabilities at the measurement date. Level 2 Inputs (other than quoted market prices included in Level 1) are either directly or indirectly observable for the asset or liability through correlation with market data at the measurement date and for the duration of the instrument’s anticipated life. Level 3 Inputs reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model. The following table represents our financial assets and liabilities according to the fair value hierarchy, measured at fair value as of January 31, 2018 (in thousands): Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 10,226 $ — $ — $ 10,226 Asset-backed securities — 1,600 — 1,600 Marketable securities: U.S. agency obligations — 7,764 — 7,764 Asset-backed securities — 46,405 — 46,405 Corporate notes and obligations — 194,946 — 194,946 Commercial paper — 85,422 — 85,422 Municipal securities — 13,321 — 13,321 Certificates of deposit — 24,701 — 24,701 U.S. treasury securities (1) 24,886 1,977 — 26,863 Restricted cash: Money market funds 14,672 — — 14,672 Total financial assets $ 49,784 $ 376,136 $ — $ 425,920 (1) U.S. treasury securities classified as Level 1 are U.S. treasury bills for which there are quoted prices in active markets The following table represents our financial assets and liabilities according to the fair value hierarchy, measured at fair value as of January 31, 2017 (in thousands): Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 49,390 $ — $ — $ 49,390 U.S. agency obligations — 3,249 — 3,249 Corporate notes and obligations — 2,050 — 2,050 Commercial paper — 3,998 — 3,998 Marketable securities: Asset-backed securities — 39,264 — 39,264 Corporate notes and obligations — 105,587 — 105,587 Municipal securities — 16,105 — 16,105 U.S. treasury securities — 5,004 — 5,004 Certificate of deposit — 15,520 — 15,520 Restricted cash: Money market funds 15,446 — — 15,446 Total financial assets $ 64,836 $ 190,777 $ — $ 255,613 We value our Level 1 assets using quoted prices in active markets for identical instruments. We value our Level 2 assets with the help of a third‑party pricing service using quoted market prices for similar instruments, nonbinding market prices that are corroborated by observable market data, or pricing models such as discounted cash flow techniques. We use such pricing data as the primary input, to which we have not made any material adjustments during the periods presented, to make our determination and assessments as to the ultimate valuation of these assets. There were no transfers into or out of Level 1, Level 2 or Level 3 assets and liabilities for the years ended January 31, 2018 and 2017 . |
Balance Sheet Components
Balance Sheet Components | 12 Months Ended |
Jan. 31, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Balance Sheet Components | Balance Sheet Components Property and Equipment, Net The cost and accumulated depreciation and amortization of property and equipment are as follows (in thousands): As of January 31, 2018 2017 Computer equipment and software $ 17,139 $ 17,981 Office furniture and equipment 7,981 4,350 Leasehold improvements 13,469 8,468 Construction in progress 3,243 — Property and equipment, gross 41,832 30,799 Less: accumulated depreciation and amortization (24,232 ) (17,695 ) Property and equipment, net $ 17,600 $ 13,104 Construction in progress primarily consists of leasehold improvements that have not been placed into service as of January 31, 2018 . Depreciation expense was $8.4 million , $6.4 million and $5.2 million for the years ended January 31, 2018 , 2017 and 2016 , respectively. Intangible Assets Intangible assets consisted of the following as of January 31, 2018 (dollars in thousands): Gross Fair Accumulated Net Book Weighted Average Developed technology $ 11,986 $ (6,769 ) $ 5,217 2.5 Customer relationships and other acquired intangible assets 6,797 (6,159 ) 638 4.6 Total $ 18,783 $ (12,928 ) $ 5,855 2.8 Intangible assets consisted of the following as of January 31, 2017 (dollars in thousands): Gross Fair Accumulated Net Book Weighted Average Developed technology $ 10,155 $ (4,548 ) $ 5,607 2.9 Customer relationships and other acquired intangible assets 6,125 (4,681 ) 1,444 0.8 Total $ 16,280 $ (9,229 ) $ 7,051 2.5 Amortization expense for intangible assets was $3.7 million , $3.7 million and $3.5 million during the years ended January 31, 2018 , 2017 and 2016 , respectively. The expected future amortization expense of these intangible assets as of January 31, 2018 is as follows (in thousands): 2019 $ 2,628 2020 1,738 2021 944 2022 464 2023 81 Total intangible assets, net $ 5,855 Goodwill The following table represents the changes to goodwill (in thousands): Balance at January 31, 2016 $ 30,551 Additions from an acquisition 965 Balance at January 31, 2017 31,516 Additions from acquisitions 2,105 Balance at January 31, 2018 $ 33,621 Accrued Compensation Accrued compensation consists of the following (in thousands): As of January 31, 2018 2017 Accrued salaries, benefits and commissions $ 15,039 $ 14,186 Accrued bonuses 17,875 15,338 Employee stock purchase plan withholdings 2,238 — Accrued compensation related taxes and other 6,241 3,852 Total accrued compensation $ 41,393 $ 33,376 Other Accrued Liabilities Other accrued liabilities consists of the following (in thousands): As of January 31, 2018 2017 Accrued taxes $ 2,092 $ 1,585 Deferred real estate costs 334 47 Accrued professional costs 2,463 2,147 Customer deposits 556 301 Deferred sublease income — 861 Accrued self-insurance costs 1,285 746 Other 6,724 4,231 Total other accrued liabilities $ 13,454 $ 9,918 Other includes amounts owed to third‑party vendors that provide marketing, corporate event planning and cloud‑computing services. |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Jan. 31, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Commitments and Contingencies Letters of Credit As of January 31, 2018 and 2017 , we had a total of $19.7 million and $16.8 million , respectively, in letters of credit outstanding in favor of certain landlords for office space. These letters of credit renew annually and expire at various dates through 2027. Operating Leases We lease facilities space under non‑cancelable operating leases with various expiration dates. Future minimum lease payments and sublease proceeds under non-cancelable operating leases with an initial lease term greater than one year at January 31, 2018 are as follows (in thousands): Year Ending January 31: Minimum Lease Payments Sublease Rental Proceeds Net Minimum Lease Payments 2019 $ 34,625 $ (13,292 ) $ 21,333 2020 35,478 (13,690 ) 21,788 2021 35,446 (14,098 ) 21,348 2022 31,850 (10,858 ) 20,992 2023 29,491 (4,388 ) 25,103 2024 and thereafter 133,011 — 133,011 Total $ 299,901 $ (56,326 ) $ 243,575 On February 8, 2017, we entered into a new sublease agreement to sublet office space in Palo Alto, California. The sublease has a 45 month term which commenced in the third quarter of fiscal 2018. Rental proceeds committed under this sublease are reflected above in the amounts of $4.0 million in fiscal 2019, $4.1 million in fiscal 2020, $4.3 million in fiscal 2021 and $0.7 million in fiscal 2022. In June 2017, we entered into a new non‑cancelable operating lease agreement to rent office space in San Francisco, California. The lease has an 87 month term, which commenced in December 2017 and ends in April 2025 with an option to renew for an additional 60 months . Total minimum lease payments under the lease agreement, included in the table above, are $34.5 million , of which $0.4 million was required to be prepaid upon execution of the lease agreement. Rental expense related to our non‑cancelable operating leases was approximately $16.1 million , $8.4 million and $7.2 million for the years ended January 31, 2018 , 2017 and 2016 , respectively. Deferred rent We account for operating leases containing predetermined fixed increases of the base rental rate during the lease term on a straight‑line basis over the lease term. We recorded the difference between amounts charged to operations and amounts payable under our operating leases as deferred rent in the consolidated balance sheets. Indemnification From time to time, we enter into certain types of contracts that contingently require us to indemnify various parties against claims from third parties. These contracts primarily relate to (i) certain real estate leases under which we may be required to indemnify property owners for environmental and other liabilities and other claims arising from our use of the applicable premises, (ii) our bylaws, under which we must indemnify directors and executive officers, and may indemnify other officers and employees, for liabilities arising out of their relationship with us, (iii) contracts under which we must indemnify directors and certain officers for liabilities arising out of their relationship with us, (iv) contracts under which we may be required to indemnify customers or partners against certain claims, including claims from third parties asserting, among other things, infringement of their intellectual property rights, and (v) procurement, consulting, or license agreements under which we may be required to indemnify vendors, consultants or licensors for certain claims, including claims that may be brought against them arising from our acts or omissions with respect to the supplied products, technology or services. From time to time, we may receive indemnification claims under these contracts in the normal course of business. In addition, under these contracts we may have to modify the accused infringing intellectual property and/or refund amounts received. In the event that one or more of these matters were to result in a claim against us, an adverse outcome, including a judgment or settlement, may cause a material adverse effect on our future business, operating results or financial condition. It is not possible to determine the maximum potential amount under these contracts due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular agreement. We maintain director and officer insurance, which may cover certain liabilities arising from our obligation to indemnify our directors and certain officers. To date, we have not incurred any material costs, and have not accrued any liabilities in the consolidated financial statements as a result of these provisions. Contingencies In the ordinary course of business, we are or may be involved in a variety of litigation matters, suits, investigations, and proceedings, including actions with respect to intellectual property claims, government investigations, labor and employment claims, breach of contract claims, tax, and other matters. Regardless of the outcome, these litigation matters can have an adverse impact on us because of defense costs, diversion of management resources, harm to reputation, and other factors. In addition, it is possible that an unfavorable resolution of one or more such litigation matters could, in the future, materially and adversely affect our financial position, results of operations, and cash flows in a particular period or subject us to an injunction that could seriously harm our business. We record a provision for contingent losses when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. With respect to our outstanding legal matters management believes that the amount or estimable range of possible loss will not, either individually or in the aggregate, have a material adverse effect on our business, consolidated financial position, results of operations, or cash flows. However, the outcome of litigation is inherently uncertain. Therefore, if one or more of these legal matters were resolved against us for amounts in excess of management’s expectations, our results of operations and financial condition including in a particular reporting period, could be materially adversely affected. |
Common Stock
Common Stock | 12 Months Ended |
Jan. 31, 2018 | |
Equity [Abstract] | |
Common Stock | Common Stock The following table summarizes our authorized, issued, reserved and outstanding common stock as of January 31, 2018 : Common Common Common Issued Common outstanding — 145,327,001 145,327,001 2017 Equity Incentive Plan: Restricted stock units and options outstanding 10,477,251 — 10,477,251 Shares available for grant 25,617,508 — 25,617,508 2017 Employee Stock Purchase Plan: Shares available for grant 2,270,850 — 2,270,850 2008 Equity Incentive Plan: Restricted stock units and options outstanding 30,144,482 — 30,144,482 Amended and Restated 2008 Stock Purchase and Option Plan (from prior acquisition): Options outstanding 28,521 — 28,521 Undesignated 986,134,387 — 986,134,387 1,054,672,999 145,327,001 1,200,000,000 The following table summarizes our authorized, issued, reserved and outstanding common stock as of January 31, 2017 : Authorized Preferred Common Common Common Issued Series A 12,936,594 12,936,594 12,936,594 — 12,936,594 Series B 12,314,006 12,314,006 12,314,006 — 12,314,006 Series C 8,951,868 8,951,868 8,951,868 — 8,951,868 Series D 8,965,178 8,965,178 8,965,178 — 8,965,178 Series E 8,756,093 8,756,093 8,756,093 — 8,756,093 Series F 10,989,008 10,989,008 10,989,008 — 10,989,008 Series F-1 11,994,668 11,994,668 11,994,668 — 11,994,668 Common outstanding — — — 38,156,688 38,156,688 2008 Equity Incentive Plan: Restricted stock units and options outstanding — — 44,560,246 — 44,560,246 Shares available for grant — — 581,084 — 581,084 Amended and Restated 2008 Stock Purchase and Option Plan (from prior acquisition): Options outstanding — — 53,455 — 53,455 Undesignated — — 1,741,112 — 1,741,112 74,907,415 74,907,415 121,843,312 38,156,688 160,000,000 |
Stock Option Plans
Stock Option Plans | 12 Months Ended |
Jan. 31, 2018 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Stock Option Plans | Stock Option Plans We maintain two share-based compensation plans: the 2017 Equity Incentive Plan (2017 Plan), and the 2008 Equity Incentive Plan (2008 Plan) and collectively with the 2017 Plan, the Stock Plans. In March 2017, our board of directors adopted our 2017 Plan, which our stockholders approved in March 2017. The 2017 Plan became effective on April 27, 2017, the effective date of our IPO, and serves as the successor to our 2008 Plan. We do not expect to grant any additional awards under the 2008 Plan. Outstanding awards under the 2008 Plan continue to be subject to the terms and conditions of the 2008 Plan. In March 2017, we increased the number of shares of common stock reserved for grant under the 2008 Plan by 2,000,000 shares. In March 2017, we adopted the 2017 Plan with a reserve of 30,000,000 shares of our common stock for issuance under our 2017 Plan, plus an additional number of shares of common stock equal to any shares reserved but not issued or subject to outstanding awards under our 2008 Plan on the effective date of our 2017 Plan, plus, on and after the effective date of our 2017 Plan, (i) shares that are subject to outstanding awards under the 2008 Plan which cease to be subject to such awards, (ii) shares issued under the 2008 Plan which are forfeited or repurchased at their original issue price, and (iii) shares subject to awards under the 2008 Plan that are used to pay the exercise price of an option or withheld to satisfy the tax withholding obligations related to any award. The number of shares reserved for issuance under our 2017 Plan will increase automatically on the first day of February of each calendar year during the term of the 2017 Plan by a number of shares of common stock equal to the lesser of (i) 5% of the total outstanding shares our common stock as of the immediately preceding January 31st or (ii) a number of shares determined by our board of directors. On February 1, 2018, 7.3 million additional shares were authorized for issuance by the board of directors. The Stock Plans provides for stock options to be granted at an exercise price not less than 100% of the fair market value at the grant date as determined by our board of directors, unless, with respect to incentive stock options, the optionee is a 10% stockholder, in which case the option price will not be less than 110% of such fair market value. Options granted generally have a maximum term of ten years from the grant date, are exercisable upon vesting unless otherwise designated for early exercise by the board of directors at the time of grant, and generally vest over a four year period, with 25% vesting after one year and then ratably on a monthly basis for the remaining three years. The following tables summarize stock option activity and related information: Options Outstanding Shares Options Weighted- Weighted-Average Remaining Aggregate (in thousands) Balance — January 31, 2016 336,697 24,835,286 $ 4.60 6.9 $ 497,338 Additional shares reserved 10,001,250 — — — — Restricted stock activity, net (10,193,963 ) — — — Granted (370,480 ) 370,480 17.85 — — Exercised (1,157,625 ) 3.10 — — Canceled 808,462 (808,462 ) 10.74 — — Plan shares expired (882 ) — — — Balance — January 31, 2017 581,084 23,239,679 4.67 6.0 319,016 Additional shares reserved 32,000,000 — — — — Restricted stock activity, net (10,844,829 ) — — — — Granted (47,400 ) 47,400 20.10 — — Exercised (4,552,043 ) 2.67 — — Canceled 328,116 (328,116 ) 14.23 — — Shares in lieu of taxes 3,600,767 — — — — Plan shares expired (230 ) — — — — Balance — January 31, 2018 25,617,508 18,406,920 $ 5.03 5.3 $ 252,571 Exercisable— January 31, 2018 17,291,561 $ 4.38 5.1 $ 248,344 Vested or expected to vest — January 31, 2018 18,406,920 $ 5.03 5.3 $ 252,571 As of January 31, 2018 and 2017, there were no unvested options exercisable. The total intrinsic value of options exercised during the years ended January 31, 2018 , 2017 and 2016 was $64.1 million , $18.3 million and $160.0 million respectively. The intrinsic value is the difference between the current fair market value of the stock for accounting purposes at the time of exercise and the exercise price of the stock option. As we have accumulated net operating losses, no future tax benefit related to option exercises has been recognized. The weighted‑average grant‑date value of employee options granted during the years ended January 31, 2018 , 2017 and 2016 was $8.67 , $9.37 and $15.54 per share, respectively. The fair value of each stock option or ESPP grant was estimated at the grant date using the Black‑Scholes option‑pricing model with the following weighted‑average assumptions: Stock Options Year Ended 2018 2017 2016 Volatility 45.3% 47.9% 44.3% Risk-free interest rate 2.0% 2.0% 1.7% Expected term (in years) 6.1 years 6.0 years 6.1 years Expected dividends —% —% —% ESPP Year Ended 2018 2017 Volatility 32.9% n/a Risk-free interest rate 1.2% n/a Expected term (in years) 0.6 years n/a Expected dividends —% n/a The unamortized stock‑based compensation expense for options of $11.0 million at January 31, 2018 will be recognized over the average remaining vesting period of 1.5 years. We issue RSUs to employees and directors. For new employee grants, the RSUs generally meet the service‑based condition over a four -year period, with 25% met after one year and then ratably on a quarterly basis for the remaining three years. For continuing employee grants, the RSUs generally meet the service‑based condition pro‑rata quarterly over the four ‑year period (without a one ‑year cliff). The employee RSUs issued prior to our IPO under the 2008 Plan had two vesting conditions: (1) a service‑based condition and (2) a liquidity event‑related performance condition which is considered a performance‑based condition. On March 8, 2017, our board of directors modified the terms of the majority of our RSUs. Prior to the modification, if the liquidity event‑related performance condition was an IPO, employees were required to continue to provide service for six months following the effective date of an IPO. The modification removed the requirement, for the majority of RSUs, that the RSU recipient must continue to provide service for six months following the effective date of an IPO in order to vest in the award, with such shares to be issued on a date to be determined by our board of directors. All other significant terms of the RSUs remained unchanged. The modification established a new measurement date for these modified RSUs. The liquidity event‑related performance condition was achieved for the majority of our RSUs and became probable of being achieved for the remaining RSUs on April 27, 2017, the effective date of our IPO. We recognized stock‑based compensation expense using the accelerated attribution method with a cumulative catch‑up of stock‑based compensation expense in the amount of $181.5 million for the year ended January 31, 2018 , attributable to service prior to such effective date. Restricted stock activity is as follows: Restricted Stock Units Outstanding Number of Weighted- Balance — January 31, 2016 11,228,365 $ 26.17 Granted 12,152,584 19.25 Canceled (1,958,621 ) 25.03 Vested and converted to shares (48,306 ) 24.85 Balance —January 31, 2017 21,374,022 22.36 Granted 12,881,176 16.93 Canceled (2,037,598 ) 15.63 Vested and converted to shares (9,974,266 ) 15.15 Balance —January 31, 2018 22,243,334 $ 16.08 The unamortized stock‑based compensation expense for RSUs was $247.2 million at January 31, 2018 and will be recognized over the average remaining vesting period of 2.4 years. In May 2015, an unrelated third party initiated a cash tender offer which was completed in July 2015 for the purchase of shares of our common stock from specified categories of current and former employees who sold a total of 4,079,131 shares of our common stock to the unrelated third party. The purchase price per share in the tender offer was in excess of the fair value of our common stock at the time of the transaction and accordingly, upon completion of the transaction, we recorded $16.6 million as stock‑based compensation expense related to the excess of the selling price per share of common stock paid to our employees over the fair value of the tendered shares. This tender offer was a qualifying liquidity event under the 2008 Plan governing RSUs, meaning the performance condition was achieved for those RSUs that had met the service‑based condition as of this date. Upon the close of the transaction, we recorded $19.7 million of stock‑based compensation expense, using the accelerated attribution method, for the RSUs for which both vesting conditions had been achieved. 2017 Employee Stock Purchase Plan In March 2017, we adopted our 2017 Employee Stock Purchase Plan (ESPP). The ESPP became effective on April 27, 2017, the effective date of our IPO. Our ESPP is intended to qualify as an employee stock purchase plan under Section 423 of the United States Internal Revenue Code of 1986, as amended (Code). Purchases will be accomplished through participation in discrete offering periods. The first offering period and purchase period began on April 27, 2017 and ended on December 20, 2017. Each subsequent offering period will be for six months (commencing each June 21 and December 21) and will consist of one six ‑month purchase period, unless otherwise determined by our board of directors or our compensation committee. Under our ESPP, eligible employees will be able to acquire shares of our common stock by accumulating funds through payroll deductions. Our employees generally are eligible to participate in our ESPP if they are employed by us for at least 20 hours per week and more than five months in a calendar year. Employees who are 5% stockholders, or would become 5% stockholders as a result of their participation in our ESPP, are ineligible to participate in our ESPP. We may impose additional restrictions on eligibility. Our eligible employees are able to select a rate of payroll deduction between 1% and 15% of their base cash compensation. The purchase price for shares of our common stock purchased under our ESPP is 85% of the lesser of the fair market value of our common stock on (i) the first trading day of the applicable offering period and (ii) the last trading day of each purchase period in the applicable offering period. No participant has the right to purchase shares of our common stock in an amount, when aggregated with purchase rights under all our employee stock purchase plans that are also in effect in the same calendar year(s), that has a fair market value of more than $25,000 , determined as of the first day of the applicable purchase period, for each calendar year in which that right is outstanding. In addition, no participant is permitted to purchase more than 2,500 shares during any one purchase period or such lesser amount determined by our compensation committee or our board of directors. Once an employee is enrolled in our ESPP, participation will be automatic in subsequent offering periods. An employee’s participation automatically ends upon termination of employment for any reason. We initially reserved 3,000,000 shares of our common stock for issuance under our ESPP. The number of shares reserved for issuance under our ESPP will increase automatically on February 1st of each of the first 10 calendar years following the first offering date by the number of shares equal to the lesser of either (i) 1% of the total outstanding shares of our common stock as of the immediately preceding January 31st (rounded to the nearest whole share) or (ii) a number of shares of our common stock determined by our board of directors. On February 1, 2018, 1.5 million additional shares were authorized for issuance by the board of directors. As of January 31, 2018 , $2.2 million has been withheld on behalf of employees for a future purchase under the ESPP and is recorded in other accrued compensation. |
Income taxes
Income taxes | 12 Months Ended |
Jan. 31, 2018 | |
Income Tax Disclosure [Abstract] | |
Income taxes | Income taxes The domestic and foreign components of loss before provision for income taxes consisted of the following (in thousands): Year Ended January 31, 2018 2017 2016 Domestic $ (388,587 ) $ (187,905 ) $ (204,713 ) Foreign 4,873 2,775 2,680 Net loss before income taxes $ (383,714 ) $ (185,130 ) $ (202,033 ) The components of provision for income taxes are as follows (in thousands): Year Ended January 31, 2018 2017 2016 Current: Federal $ — $ — $ — State (112 ) (140 ) (177 ) Foreign (3,097 ) (2,011 ) (940 ) Total current tax expense (3,209 ) (2,151 ) (1,117 ) Deferred: Federal 917 (108 ) — State — — — Foreign 213 72 7 Total deferred tax expense 1,130 (36 ) 7 Total provision for income taxes $ (2,079 ) $ (2,187 ) $ (1,110 ) Our effective tax rate substantially differed from the federal statutory tax rate of 34% primarily due to the change in the valuation allowance for our deferred tax assets. A reconciliation of income taxes at the statutory federal income tax rate to the provision for income taxes included in the consolidated statements of operations is as follows (in thousands): Year Ended January 31, 2018 2017 2016 U.S. federal statutory income tax $ 129,737 $ 62,944 $ 68,691 Research tax credits 7,976 2,235 1,605 Stock-based compensation (5,124 ) (4,340 ) (11,060 ) Change in valuation allowance (2,543 ) (54,823 ) (60,318 ) Donation of common stock to the Cloudera Foundation — (7,335 ) — Federal tax rate change (132,387 ) — — Other 262 (868 ) (28 ) Provision for income taxes $ (2,079 ) $ (2,187 ) $ (1,110 ) In December 2017, the U.S. federal government enacted the Tax Act. The Tax Act includes a number of changes in existing tax law impacting businesses, including the transition tax, a one‑time deemed repatriation of cumulative undistributed foreign earnings and a permanent reduction in the U.S. federal statutory rate from 35% to 21%, effective on January 1, 2018. Due to the timing of the Tax Act and additional guidance and interpretations that may be issued in the future, we have not completed our analysis of the effects of the Tax Act. However, for the period ended January 31, 2018, the Company recorded a provisional tax expense of $132.4 million associated with the re-measurement of deferred taxes for the corporate rate reduction, which was offset by a corresponding reduction in valuation allowance. Based on our provisional assessment, the transition tax had no material impact to our income tax provision. The provisional estimates will be adjusted during the measurement period defined under SAB 118, based upon our ongoing analysis of our data and tax positions along with new guidance from regulators and interpretations of the law. The deferred tax assets and liabilities were as follows (in thousands): As of January 31, 2018 2017 Deferred tax assets: Accruals and reserves $ 12,657 $ 12,282 Deferred revenue 25,057 26,509 Net operating loss carryforward 202,286 165,873 Research and development credits and other credits 27,480 12,009 Stock-based compensation 30,747 9,923 Gross deferred tax assets 298,227 226,596 Less valuation allowance (297,274 ) (225,495 ) Total deferred tax assets 953 1,101 Deferred tax liabilities: Depreciation and amortization (510 ) (872 ) Gross deferred tax liabilities (510 ) (872 ) Net deferred tax assets $ 443 $ 229 As of January 31, 2017 we had not recorded a provision for deferred U.S. tax expense related to $4.8 million of our undistributed earnings of our foreign subsidiaries because these earnings are intended to be permanently reinvested in operations outside of the United States. At December 31, 2017, we have estimated an aggregate deficit in accumulated earnings and profits, which is how foreign undistributed earnings are determined for the one‑time transition tax and for U.S. income tax purposes. The deficit is primarily a result of stock option exercises by foreign employees during the year ended January 31, 2018 which exceeded current fiscal year and prior fiscal year foreign earnings. The one‑time transition tax does not have a material impact on our consolidated statement of operations for the year ended January 31, 2018 and there are no undistributed accumulated earnings and profits as of December 31, 2017. We intend to indefinitely reinvest future undistributed foreign earnings. A valuation allowance is provided when it is more likely than not that the deferred tax assets will not be realized. We have established a valuation allowance to offset net U.S. deferred tax assets at January 31, 2018 and 2017 due to the uncertainty of realizing future tax benefits from our net operating loss carryforwards and other deferred tax assets. The net change in the total valuation allowance for the years ended January 31, 2018 and 2017 was an increase of approximately $71.8 million and $60.0 million , respectively. At January 31, 2018 , we have federal, California and other state net operating loss carryforwards of approximately $810.9 million , $231.1 million and $268.5 million , respectively, expiring beginning fiscal 2028, for federal and California purposes and fiscal 2019 for other states’ purposes. In fiscal 2018, we adopted ASU No. 2016‑09, which simplified the accounting and reporting of share‑based payment transactions, including adjustments to how excess tax benefits and payments for tax withholdings should be classified and provides the election to eliminate the estimate for forfeitures. Upon adoption, we recognized the previously unrecognized excess tax benefits using the modified retrospective transition method. The previously unrecognized excess tax effects were recorded as a deferred tax asset, which was fully offset by a valuation allowance. Without the valuation allowance, our deferred tax assets would have increased by $53.5 million upon adoption. At January 31, 2018 , we have federal and state research credit carryforwards of approximately $20.3 million and $17.8 million , respectively, expiring beginning in fiscal 2028 for federal purposes. The state credits can be carried forward indefinitely. Federal and state tax laws may impose substantial restrictions on the utilization of the net operating loss and credit carryforward attributes in the event of an ownership change as defined in Section 382 and Section 383 of the Internal Revenue Code. Accordingly, our ability to utilize these carryforwards may be limited as a result of such one or more ownership changes. Such a limitation could result in the expiration of carryforwards before they are utilized. The company has performed an analysis to determine whether an ownership change has occurred since inception. The analysis identified two historical ownership changes, however the limitations did not result in a material restriction on the use of our carryforwards. In the event we experience any subsequent changes in ownership, the availability of our carryforwards in any taxable year could change. For benefits to be recorded, a tax position must be more likely than not to be sustained upon examination. The amount recognized is measured as the larg est amount of benefit that is greater than 50% likely of being realized upon settlement. The following table reflects the changes in the gross unrecognized tax benefits (in thousands): Year Ended January 31, 2018 2017 2016 Balance as of beginning of year $ 9,600 $ 6,500 $ 4,200 Tax positions taken in current period Gross increases 2,100 3,100 2,300 Balance as of end of year $ 11,700 $ 9,600 $ 6,500 As of January 31, 2018 , the total amount of gross unrecognized tax benefits was $11.7 million , of which $0.9 million , if recognized, would favorably impact our effective tax rate. We recognize interest and penalties related to income tax matters in the provision for income taxes. As of January 31, 2018 , we had no accrued interest and penalties related to uncertain tax positions. We are subject to taxes in the United States and other foreign jurisdictions. In the normal course of business, we are subject to examination by various federal, state and local taxing authorities. We are not currently under audit by the Internal Revenue Service or any other tax authority. All tax years remain open to examination by major taxing jurisdictions in which we file returns. |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Jan. 31, 2018 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | Related Party Transactions Intel Corporation We have been engaged in commercial transactions with Intel Corporation, a holder of our common stock, representing approximately 18% and 22% of outstanding shares as of January 31, 2018 and 2017 respectively, with the right to designate a person that our board of directors must nominate for election, or nominate for re-election, to our board of directors, including a multi‑year subscription and services agreement, and a collaboration and optimization agreement. The aggregate revenue we recognized from this customer was $11.4 million , $8.3 million and $5.4 million for the years ended January 31, 2018 , 2017 and 2016 , respectively. In accounts receivable, there was no amount due from this customer as of January 31, 2018 and $2.3 million due from this customer as of January 31, 2017 . There was $2.7 million and $2.1 million in deferred revenue as of January 31, 2018 and 2017 , respectively. Cloudera Foundation In January 2017, the Cloudera Foundation, an independent non‑profit organization, was created to provide our products, skills and people, to help solve important social problems around the world. We donated 1,175,063 shares of our common stock to the Cloudera Foundation during the fourth quarter of fiscal 2017 . We recorded a non‑cash charge of $21.6 million for the fair value of the donated shares, which was recorded in general and administrative expense in the accompanying consolidated statements of operations. In conjunction with the IPO, we donated $2.4 million , or 1% of the net proceeds, to fund the Cloudera Foundation’s activities. We do not control the Cloudera Foundation’s activities, and accordingly, we do not consolidate the financial statements of the Cloudera Foundation. Other related parties Certain members of our board of directors currently serve on the board of directors or as an executive of three companies that are our customers. The aggregate revenue we recognized from these customers was $7.4 million , $5.5 million and $2.4 million for the years ended January 31, 2018 , 2017 and 2016 , respectively. There was $1.5 million and $4.5 million in accounts receivable due from these customers as of January 31, 2018 and 2017 , respectively. There was $5.2 million and $5.5 million in deferred revenue as of January 31, 2018 and 2017 , respectively. |
Segment Information
Segment Information | 12 Months Ended |
Jan. 31, 2018 | |
Segment Reporting [Abstract] | |
Segment Information | Segment Information The results of the reportable segments are derived directly from our management reporting system and are based on our methods of internal reporting which are not necessarily in conformity with GAAP. Management measures the performance of each segment based on several metrics, including contribution margin, as defined below. Management does not use asset information to assess performance and make decisions regarding allocation of resources. Therefore, depreciation and amortization expense is not allocated among segments. Contribution margin is used, in part, to evaluate the performance of, and allocate resources to, each of the segments. Segment contribution margin includes segment revenue less the related cost of sales excluding certain operating expenses that are not allocated to segments because they are separately managed at the consolidated corporate level. These unallocated costs include stock‑based compensation expense, amortization of acquired intangible assets, direct sales and marketing costs, research and development costs, corporate general and administrative costs, such as legal and accounting, interest income, interest expense, and other income and expense. Financial information for each reportable segment was as follows (in thousands): Year Ended 2018 2017 2016 Revenue: Subscription $ 301,022 $ 200,252 $ 119,150 Services 66,421 60,774 46,898 Total revenue $ 367,443 $ 261,026 $ 166,048 Year Ended January 31, 2018 2017 2016 Contribution margin: Subscription $ 257,176 $ 164,971 $ 93,380 Services 11,131 14,293 6,701 Total segment contribution margin $ 268,307 $ 179,264 $ 100,081 The reconciliation of segment financial information to our loss from operations is as follows (in thousands): Year Ended January 31, 2018 2017 2016 Segment contribution margin $ 268,307 $ 179,264 $ 100,081 Amortization of acquired intangible assets (3,723 ) (3,720 ) (3,455 ) Stock-based compensation expense (290,006 ) (21,714 ) (63,590 ) Donation of common stock to the Cloudera Foundation — (21,574 ) — Corporate costs, such as research and development, corporate general and administrative and other (364,871 ) (319,595 ) (237,673 ) Loss from operations $ (390,293 ) $ (187,339 ) $ (204,637 ) Sales outside of the United States represented approximately 28% , 25% and 21% of our total revenue for the years ended January 31, 2018 , 2017 and 2016 , respectively. No individual foreign country represented more than 10% of revenue in any period presented. All revenues from external customers are attributed to individual countries on an end‑customer basis, based on domicile of the purchasing entity, if known, or the location of the customer’s headquarters if the specific purchasing entity within the customer is unknown. As of January 31, 2018 and 2017 , assets located outside the United States were 4% and 3% of total assets, respectively. |
Net Loss Per Share
Net Loss Per Share | 12 Months Ended |
Jan. 31, 2018 | |
Earnings Per Share [Abstract] | |
Net Loss Per Share | Net Loss Per Share The following table sets forth the calculation of basic and diluted net loss per share during the periods presented (in thousands, except per share data): Year Ended 2018 2017 2016 Numerator: Net loss $ (385,793 ) $ (187,317 ) $ (203,143 ) Denominator: Weighted-average shares used in computing net loss, basic and diluted 114,141 36,406 32,724 Net loss per share, basic and diluted $ (3.38 ) $ (5.15 ) $ (6.21 ) The following outstanding shares of common stock equivalents were excluded from the computation of the diluted net loss per share for the periods presented because their effect would have been anti‑dilutive (in thousands): As of January 31, 2018 2017 2016 Redeemable convertible preferred stock on an as-if converted basis — 74,907 74,907 Stock options to purchase common stock 18,407 23,240 24,835 Restricted stock units 22,243 21,374 11,228 Shares issuable pursuant to the ESPP 522 — — Total 41,172 119,521 110,970 |
Selected Quarterly Financial Da
Selected Quarterly Financial Data (unaudited) | 12 Months Ended |
Jan. 31, 2018 | |
Quarterly Financial Information Disclosure [Abstract] | |
Selected Quarterly Financial Data (unaudited) | Selected Quarterly Financial Data (unaudited) The following table sets forth selected summarized quarterly financial information for each of the eight quarters in fiscal 2018 and 2017 (in thousands, except per share data): Three Months Ended April 30 July 31 October 31 January 31 Fiscal Year Fiscal 2018 Revenue $ 79,596 $ 89,828 $ 94,569 $ 103,450 $ 367,443 Gross profit 19,484 57,858 61,443 70,623 209,408 Loss from operations (222,340 ) (65,685 ) (56,590 ) (45,678 ) (390,293 ) Net loss (222,319 ) (64,229 ) (55,338 ) (43,907 ) (385,793 ) Net loss per share, basic and diluted $ (5.78 ) $ (0.48 ) $ (0.40 ) $ (0.31 ) $ (3.38 ) Fiscal 2017 Revenue $ 56,485 $ 64,456 $ 67,258 $ 72,827 $ 261,026 Gross profit 35,450 43,117 44,819 50,652 174,038 Loss from operations (43,516 ) (38,787 ) (43,988 ) (61,048 ) (187,339 ) Net loss (43,113 ) (38,727 ) (44,045 ) (61,432 ) (187,317 ) Net loss per share, basic and diluted $ (1.20 ) $ (1.07 ) $ (1.20 ) $ (1.67 ) $ (5.15 ) |
Summary of Significant Accoun22
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Jan. 31, 2018 | |
Accounting Policies [Abstract] | |
Basis of Consolidation | The consolidated financial statements include the accounts of Cloudera, Inc. and its wholly owned subsidiaries which are located in various countries, including the United States, Australia, China, Germany, Hungary and the United Kingdom. All intercompany balances and transactions have been eliminated upon consolidation. The financial statements are prepared in accordance with accounting principles generally accepted in the United States (GAAP). |
Fiscal Year | Our fiscal year ends on January 31. References to fiscal 2018 , for example, refers to the fiscal year ended January 31, 2018 . |
Use of Estimates | The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Significant items subject to such estimates include revenue recognition, the useful lives of property and equipment and intangible assets, allowance for doubtful accounts, stock‑based compensation expense, annual bonus attainment, self‑insurance costs incurred, the fair value of tangible and intangible assets acquired and liabilities assumed resulting from business combinations, the fair value of common stock prior to our IPO, the assessment of elements in a multi‑element arrangement and the valuation assigned to each element, and contingencies. These estimates and assumptions are based on management’s best estimates and judgment. Management regularly evaluates its estimates and assumptions using historical experience and other factors; however, actual results could differ significantly from these estimates. |
Segments | We operate as two operating segments – subscription and services. Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker, who is our chief executive officer, in deciding how to allocate resources and assess performance. |
Foreign Currency Translation | The functional currency of our foreign subsidiaries is the local currency. The gains and losses resulting from translating our foreign subsidiaries’ financial statements into U.S. dollars have been reported in accumulated other comprehensive loss on the consolidated balance sheet. Assets and liabilities are translated at exchange rates in effect at the balance sheet date. Equity is translated at the historical rates from the original transaction period. Revenue and expenses are translated at average exchange rates in effect during the period. Foreign currency transaction gains and losses are included in other income, net on the statement of operations. |
Cash, Cash Equivalents and Restricted Cash | Cash equivalents consist of short-term, highly liquid investments with original maturities of three months or less from the date of purchase. Restricted cash represents cash on deposit with financial institutions in support of letters of credit outstanding in favor of certain landlords for office space, which includes $14.7 million in restricted cash related to a new non‑cancelable operating lease agreement to rent office space in Palo Alto, California that was entered into in September 2016. |
Marketable Securities | We have investments in various marketable securities which are classified as available for sale. We determine the appropriate classification of marketable securities at the time of purchase and reevaluate such determination at each balance sheet date. The investments are adjusted for amortization of premiums and discounts to maturity and such amortization is included in interest income, net on the statement of operations. Changes in market value considered to be temporary are recorded as unrealized gains or losses in other comprehensive loss. Realized gains and losses and declines in value judged to be other than temporary on available‑for‑sale securities are included in other income (expense), net on the statement of operations. The cost of securities sold is based on the specific‑identification method. |
Concentration of Credit Risk and Significant Customers | Financial instruments that subject us to concentrations of credit risk consist primarily of cash and cash equivalents, marketable securities, restricted cash, and accounts receivable. Our cash is deposited with high credit quality financial institutions. At times such deposits may be in excess of the Federal Depository Insurance Corporation insured limits. We have not experienced any losses on these deposits. |
Accounts Receivable and Allowance for Doubtful Accounts | Accounts receivable are recorded at the invoiced amount. We generally do not require collateral and estimate the allowance for doubtful accounts based on the age of outstanding receivables, customer creditworthiness and existing economic conditions. If events or changes in circumstances indicate that specific receivable balances may be impaired, further consideration is given to the collectability of those balances and an allowance is recorded accordingly. Past‑due receivable balances are written off when internal collection efforts have been unsuccessful in collecting the amount due. |
Property and Equipment, Net | Property and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation and amortization of property and equipment is calculated using a straight‑line method over the estimated useful lives of the respective assets. Maintenance and repairs that do not extend the life or improve the asset are expensed when incurred. The estimated useful lives of the Company’s assets are as follows: Computer software 2 years Computer equipment 2-3 years Furniture and office equipment 3 years Leasehold improvements Shorter of remaining lease term or estimated useful life We review property and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. An impairment loss is recognized when the total of estimated undiscounted future cash flows expected to result from the use of the asset and its eventual disposition is less than its carrying amount. Impairment, if any, would be assessed using discounted cash flows or other appropriate measures of fair value. |
Goodwill and Intangible Assets | Goodwill represents the excess of the purchase price in a business combination over the fair value of net tangible and intangible assets acquired. Goodwill amounts are not amortized, but rather tested for impairment at least annually in November or more often if and when circumstances indicate that the carrying value may not be recoverable. Intangible assets are amortized over their useful lives. Each period we evaluate the estimated remaining useful life of our intangible assets and whether events or changes in circumstances warrant a revision to the remaining period of amortization. We evaluate the recoverability of our long‑lived assets, including intangible assets, for possible impairment whenever events or circumstances indicate that the carrying amount of such assets may not be recoverable. Recoverability of these assets is measured by comparison of the carrying amount of each asset to the future undiscounted cash flows the asset is expected to generate. If the undiscounted cash flows used in the test for recoverability are less than the carrying amount of these assets, then the carrying amount of such assets is reduced to fair value. |
Business Combinations | We use our best estimates and assumptions to assign fair value to tangible and intangible assets acquired and liabilities assumed at the acquisition date. Such estimates are inherently uncertain and subject to refinement. We continue to collect information and reevaluate these estimates and assumptions and record any adjustments to the preliminary estimates to goodwill provided that we are within the measurement period. Upon the conclusion of the measurement period or final determination of the fair value of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the consolidated statements of operations. |
Capitalized Software Costs | Capitalization of software development costs for products to be sold to third parties begins upon the establishment of technological feasibility and ceases when the product is available for general release. There is generally no significant passage of time between achievement of technological feasibility and the availability of our software for general release, and the majority of our software is open‑source. Therefore, we have not capitalized any software costs through January 31, 2018 or 2017. All software development costs have been charged to research and development expense in the consolidated statements of operations as incurred. |
Comprehensive Loss | Comprehensive loss represents the net loss for the period plus the results of certain changes to stockholders’ equity (deficit) that are not reflected in the consolidated statements of operations. |
Revenue Recognition | We generate revenue from subscriptions and services. Subscription arrangements are typically one to three years in length but may be up to seven years in limited cases. Arrangements with our customers typically do not include general rights of return. Incremental direct costs incurred related to the acquisition or origination of a customer contract are expensed as incurred. Revenue recognition commences when all of the following criteria are met: (i) persuasive evidence of an arrangement exists; (ii) delivery has occurred; (iii) the fee is fixed or determinable; and (iv) collection is probable. Subscription revenue Subscription revenue primarily relates to term (or time‑based) subscription agreements for both open source and proprietary software. Subscriptions include internet, email and phone support, bug fixes, and the right to receive unspecified software updates and upgrades released when and if available during the subscription term. Revenue for subscription arrangements is recognized ratably over the contractual term of the arrangement beginning on the date access to the subscription is made available to the customer. Services revenue Services revenue relates to professional services for the implementation and use of our subscriptions, machine learning expertise and consultation, training and education services and related reimbursable travel costs. For time and materials and fixed fee arrangements, revenue is recognized as the services are performed or upon acceptance, if applicable. For milestone‑based arrangements, revenue is recognized upon acceptance or subsequent to completion upon the lapse of any acceptance period. Revenue for training and education services is recognized upon delivery, except for On‑Demand Training, which is recognized ratably over the contractual term. Multiple ‑ element arrangements Arrangements with our customers generally include multiple elements such as subscription and services. We allocate revenue to each element of the arrangement based on vendor‑specific objective evidence of each element’s fair value (VSOE) when we can demonstrate sufficient evidence of the fair value. VSOE for elements of an arrangement is based upon the normal pricing and discounting practices for those elements when sold separately on a stand‑alone basis. We have established VSOE for some of our services. If VSOE for one or more undelivered elements does not exist, revenue recognition does not commence until delivery of both the subscription and services have commenced, or when VSOE of the undelivered elements has been established. Once revenue recognition commences, revenue for the arrangement is recognized ratably over the longest service period in the arrangement . Reseller arrangements We recognize subscription revenue for sales through resellers or other indirect sales channels. Subscription revenue from these sales is generally recognized upon sell‑through to an end user customer. Where payments to us are believed to be contingent upon payment by the end user to the reseller, subscription revenue is not recognized until cash is collected. Deferred revenue Deferred revenue consists of amounts billed to or collected from customers under a binding agreement provided delivery of the related subscription or services has commenced. |
Cost of Revenue | Cost of revenue for subscriptions and services is expensed as incurred. Cost of revenue for subscriptions primarily consists of personnel costs such as salaries, bonuses and benefits and stock‑based compensation for employees providing technical support for our subscription customers, allocated shared costs (including rent and information technology) and amortization of acquired intangible assets. Cost of revenue for services primarily consists of personnel costs for employees and subcontractors associated with service contracts, travel costs and allocated shared costs. |
Research and Development | Research and development costs are expensed as incurred and primarily include personnel costs, contractor fees, allocated shared costs, supplies, and depreciation of equipment associated with the development of new features for our subscriptions prior to the establishment of their technological feasibility. |
Advertising Costs | Advertising costs are expensed as incurred. |
Stock-Based Compensation | We recognize stock‑based compensation expense for all stock‑based payments. Employee stock‑based compensation cost is estimated at the grant date based on the fair value of the equity for financial reporting purposes and is recognized as expense over the requisite service period. Prior to our IPO, fair value of our common stock for financial reporting purposes was determined considering objective and subjective factors and required judgment to determine the fair value of common stock for financial reporting purposes as of the date of each equity grant or modification. We calculate the fair value of options and purchase rights granted under the 2017 Employee Stock Purchase Plan (ESPP) based on the Black ‑ Scholes option ‑ pricing model. The Black ‑ Scholes model requires the use of various assumptions including expected term and expected stock price volatility. We estimate the expected term for stock options using the simplified method due to the lack of historical exercise activity. The simplified method calculates the expected term as the midpoint between the vesting date and the contractual expiration date of the award. The expected term for the ESPP purchase rights is estimated using the offering period, which is typically six months. We estimate volatility for options and ESPP purchase rights using volatilities of a group of public companies in a similar industry, stage of life cycle, and size. The interest rate is derived from government bonds with a similar term to the option or ESPP purchase right granted. We have not declared nor do we expect to declare dividends. Therefore, there is no dividend impact on the valuation of options or ESPP purchase rights. We use the straight ‑ line method for employee expense attribution for stock options and ESPP purchase rights. We have granted RSUs to our employees and members of our board of directors under our 2008 Equity Incentive Plan (2008 Plan) and our 2017 Equity Incentive Plan (2017 Plan). Prior to our IPO in May 2017, the employee RSUs vest upon the satisfaction of both a service‑based vesting condition and a liquidity event‑related performance condition. RSUs granted subsequent to our IPO vest upon the satisfaction of a service‑based vesting condition only. The service‑based condition for the majority of these awards is generally satisfied pro‑rata over four years . The liquidity event‑related performance condition is satisfied upon the occurrence of a qualifying liquidity event, such as the effective date of an IPO, or six months following the effective date of an IPO. During the quarter ended April 30, 2017, the majority of RSUs were modified such that the liquidity event‑related performance condition is satisfied upon the effective date of an IPO, rather than six months following an IPO. The modification established a new measurement date for these modified RSUs. The liquidity event‑related performance condition is viewed as a performance‑based criterion for which the achievement of such liquidity event is not deemed probable for accounting purposes until the event occurs. The liquidity event‑related performance condition was achieved for the majority of our RSUs and became probable of being achieved for the remaining RSUs on April 27, 2017, the effective date of our IPO. We recognized stock‑based compensation expense using the accelerated attribution method with a cumulative catch‑up of stock‑based compensation expense in the amount of $181.5 million in fiscal 2018, attributable to service prior to such effective date. In fiscal 2017 and fiscal 2016, stock ‑ based compensation expense was recorded based on awards that were ultimately expected to vest, and such expense was reduced for estimated forfeitures. When estimating forfeitures, we considered voluntary termination behaviors as well as trends of the actual option forfeitures. Prior to our IPO, we also recorded stock‑based compensation expense when a holder of an economic interest in Cloudera purchased shares from an employee for an amount in excess of the fair value of the common stock at the time of the purchase. We recognized any excess value transferred in these transactions as stock‑based compensation expense in the consolidated statement of operations. We estimate the fair value of options and other equity awards granted to non‑employees using the Black‑Scholes method. These awards are subject to periodic re‑measurement over the period during which services are rendered. Stock‑based compensation expense is recognized over the vesting period on a straight‑line basis. |
Income Taxes | We account for income taxes under the liability method, whereby deferred tax assets and liabilities are determined based on the difference between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to affect taxable income. A valuation allowance is established when, in management’s estimate, it is more likely than not that the deferred tax asset will not be realized. Any liability related to uncertain tax positions is recorded on the financial statements within other liabilities. Penalties and interest expense related to income taxes, including uncertain tax positions, are classified as a component of provision for income taxes, as necessary. In December 2017, the U.S. federal government enacted the 2017 Tax Cuts & Jobs Act (“Tax Act”). The Tax Act includes a number of changes in existing tax law impacting businesses, including the transition tax, a one‑time deemed repatriation of cumulative undistributed foreign earnings and a permanent reduction in the U.S. federal statutory rate from 35% to 21%, effective on January 1, 2018. We are required to recognize the effects of the tax law changes in the period of enactment, including the determination of the transition tax and the re-measurement of deferred taxes as well as to re-assess the realizability of our deferred tax assets. Subsequent to the enactment of the Tax Act, the SEC staff issued Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the Tax Cuts and Jobs Act ("SAB 118"), which allows companies to record provisional amounts related to the effects of the Tax Act during a measurement period not to extend beyond one year of the enactment date. Due to the timing of the Tax Act and additional guidance and interpretations that may be issued by the U.S. Treasury Department, IRS and other standard-setting bodies in the future, we have not completed our analysis of the income tax effects of the Tax Act. Our provisional estimates will be adjusted during the measurement period defined under SAB 118, based upon our ongoing analysis of our data and tax positions along with the new guidance from regulators and interpretations of the law. |
Net Loss Per Share | We follow the two‑class method when computing net loss per common share as we issue shares that meet the definition of participating securities. The two‑class method determines net income (loss) per common share for each class of common stock and participating securities according to dividends declared or accumulated and participation rights in undistributed earnings. The two‑class method requires income available to common stockholders for the period to be allocated between common stock and participating securities based upon their respective rights to receive dividends as if all income for the period had been distributed. Prior to the automatic conversion into shares of common stock as a result of our IPO, our redeemable convertible preferred stock contractually entitled the holders of such shares to participate in dividends, but did not contractually require the holders of such shares to participate in our losses. For periods in which we have reported net losses, diluted net loss per share is the same as basic net loss per share, because potentially dilutive common shares are not assumed to have been issued if their effect is anti‑dilutive. |
Commitments and Contingencies | Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been or will be incurred and the amount of the liability can be reasonably estimated. Legal costs incurred in connection with loss contingencies are expensed as incurred. |
JOBS Act Accounting Election | We are an emerging growth company, as defined in the Jumpstart Our Business Startups Act of 2012 (JOBS Act). Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act until such time as those standards apply to private companies. We have elected to retain the ability to use this extended transition period for complying with new or revised accounting standards that have different effective dates for public and private companies until the earlier of the date we (i) are no longer an emerging growth company or (ii) affirmatively and irrevocably opt out of the extended transition period provided in the JOBS Act. As a result, our financial statements may not be comparable to companies that comply with new or revised accounting pronouncements as of public company effective dates. |
Recently Adopted Accounting Standards | In March 2016, the Financial Accounting Standards Board (FASB) issued ASU No. 2016‑09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share‑Based Payment Accounting , or ASU 2016‑09, which simplifies the accounting and reporting of share‑based payment transactions, including adjustments to how excess tax benefits and payments for tax withholdings should be classified and provides the election to eliminate the estimate for forfeitures. For public entities, this standard is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. For all other entities, this standard is effective for annual reporting periods beginning after December 15, 2017, and interim periods within annual periods beginning after December 15, 2018. Early adoption is permitted for any entity in any interim or annual period for which financial statements have not been issued or made available for issuance. We early adopted this standard in the first quarter of fiscal 2018. As a result of this adoption, we have elected to account for forfeitures as they occur. The adoption of this standard did not have a material impact on our consolidated financial statements. Recently Issued Accounting Standards In May 2014, the FASB issued ASU No. 2014‑09, Revenue from Contracts with Customers (Topic 606) , or ASU 2014‑09, which amended the existing FASB Accounting Standards Codification. ASU 2014‑09 establishes a principle for recognizing revenue upon the transfer of promised goods or services to customers, in an amount that reflects the expected consideration received in exchange for those goods or services and also provides guidance on the recognition of costs related to obtaining and fulfilling customer contracts. For public entities, including Cloudera, this standard is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. For all other entities, this standard is effective for annual reporting periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019. Early adoption is permitted. We are currently in the process of assessing the adoption methodology, which allows ASU 2014‑09 to be applied either retrospectively to each prior period presented or with the cumulative effect recognized as of the date of initial application. Our final determination will depend on a number of factors, such as the significance of the impact of the new standard on our financial results, system readiness, including that of software procured from third‑party providers, and our ability to accumulate and analyze the information necessary to assess the impact on prior period financial statements, as necessary. We are also currently evaluating the impact ASU 2014‑09 will have on our consolidated financial statements and our accounting policies, processes, and system requirements. We have assigned internal resources in addition to engaging third party service providers to assist in the evaluation. While we continue to assess all potential impacts under ASU 2014‑09, we have completed a preliminary assessment to determine the effect of adoption on our existing revenue arrangements and are analyzing specific transactions to confirm those conclusions. We have also begun implementing our new revenue recognition systems. We currently recognize subscription revenue ratably over the subscription period. Under the new standard, these subscription arrangements represent two performance obligations; a software license that is delivered upfront and a series of performance obligations that are delivered over time. We believe that a significant portion of our subscription revenue meets the criteria for revenue recognition over time and the vast majority of the revenue will continue to be recognized ratably under the new standard. We expect that a portion of the arrangement fee related to the software license will be recognized upfront, which we believe will usually be insignificant in comparison to the entire arrangement, as we offer the substantial majority of functional features for free in the open source version of our software. Accounting for certain sales commissions under ASU 2014‑09 is different than our current accounting policy which is to expense sales commissions as incurred whereas such costs will be deferred and amortized under ASU 2014‑09. This will result in an increase in deferred costs recognized on our balance sheet. Additionally, we preliminarily believe that the amortization period for such deferred commission costs will be longer than the contract term of the subscription agreement, as ASU 2014‑09 requires entities to determine whether the costs relate to specific anticipated contracts. While we continue to assess the potential impacts of ASU 2014‑09, including the areas described above, and anticipate ASU 2014‑09 could have a material impact on our consolidated financial statements, we do not know and cannot reasonably estimate the quantitative impact on our financial statements at this time. In February 2016, the FASB issued ASU No. 2016‑02, Leases (Topic 842) , or ASU 2016‑02, which requires lessees to record most leases on their balance sheets but recognize the expenses on their income statements in a manner similar to current practice. ASU 2016‑02 states that a lessee would recognize a lease liability for the obligation to make lease payments and a right‑to‑use asset for the right to use the underlying asset for the lease term. For public entities, this standard is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period. For all other entities, this standard is effective for annual reporting periods beginning after December 15, 2019, and interim periods within annual periods beginning after December 15, 2020. Early adoption is permitted. We are currently evaluating the impact that this standard will have on our consolidated financial statements. In June 2016 the FASB issued ASU No. 2016‑13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , or ASU 2016‑13. ASU 2016‑13 requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. For public entities, this standard is effective for annual reporting periods beginning after December 15, 2019, including interim periods within that reporting period. For all other entities, this standard is effective for annual reporting periods beginning after December 15, 2020, including interim periods within that reporting period. Earlier adoption is permitted in our first interim period in fiscal 2020. We are currently evaluating the impact that this standard will have on our consolidated financial statements. In August 2016, the FASB issued ASU No. 2016‑15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments , or ASU 2016‑15. ASU 2016‑15 identifies how certain cash receipts and cash payments are presented and classified in the Statement of Cash Flows. For public entities, this standard is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. For all other entities, this standard is effective for annual reporting periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019. This standard should be applied retrospectively and early adoption is permitted, including adoption in an interim period. We are currently evaluating the impact that this standard will have on our consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory , or ASU 2016-16. ASU 2016-16 requires entities to recognize the income tax consequences of an intra-entity transfer of an asset, other than inventory, when the transfer occurs. For public entities, this standard is effective for annual reporting periods beginning after December 15, 2017. For all other entities, this standard is effective for annual reporting periods beginning after December 15, 2018. Early adoption is permitted as of the beginning of an annual period. We are currently evaluating the impact that this standard will have on our consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business (ASU 2017-01), which changes the definition of a business to assist entities with evaluating when a set of transferred assets and activities is a business. If substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets, the set of transferred assets and activities is not a business. For public entities, this standard is effective for annual reporting periods beginning after December 15, 2017, including interim periods within those years. For all other entities, it is effective for annual reporting periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019. Early adoption is permitted. We are currently evaluating the impact that this standard will have on our consolidated financial statements. In January 2017, the FASB issued ASU No. 2017‑04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, or ASU 2017‑04. ASU 2017‑04 simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. For public entities, this standard is effective for annual reporting periods beginning after December 15, 2019, including interim periods within that reporting period. For all other entities, this standard is effective for annual reporting periods beginning after December 15, 2021. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. We are currently evaluating the impact that this standard will have on our consolidated financial statements. In May 2017, the FASB issued ASU No. 2017-09, Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting , or ASU 2017-09, which clarifies when to account for a change to the terms or conditions of a share-based payment award as a modification. Under ASU 2017-09, modification accounting is required only if the fair value, the vesting conditions, or the classification of the award (as equity or liability) changes as a result of the change in terms or conditions. This standard is effective for all entities for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. We will adopt ASU No. 2017-09 on February 1, 2018, and the adoption is not expected to have a material impact on our consolidated financial statements. |
Summary of Significant Accoun23
Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Jan. 31, 2018 | |
Accounting Policies [Abstract] | |
Cash as Reported on the Condensed Consolidated Flows | Cash as reported on the consolidated statements of cash flows includes the aggregate amounts of cash and cash equivalents and the restricted cash as shown on the consolidated balance sheets. Cash as reported on the consolidated statements of cash flows consists of the following (in thousands): As of January 31, 2018 2017 2016 Cash and cash equivalents $ 43,247 $ 74,186 $ 35,966 Restricted cash 18,052 15,446 28 Cash, cash equivalents and restricted cash $ 61,299 $ 89,632 $ 35,994 The following are the fair values of our cash equivalents and marketable securities as of January 31, 2018 (in thousands): Amortized Unrealized Unrealized Estimated Cash equivalents: (1) Money market funds $ 10,226 $ — $ — $ 10,226 Asset-backed securities 1,600 — — 1,600 Marketable securities: U.S. agency obligations 7,803 (39 ) 7,764 Asset-backed securities 46,529 — (124 ) 46,405 Corporate notes and obligations 195,460 3 (517 ) 194,946 Commercial paper 85,438 — (16 ) 85,422 Municipal securities 13,339 — (18 ) 13,321 Certificates of deposit 24,705 3 (7 ) 24,701 U.S. treasury securities 26,903 — (40 ) 26,863 Total cash equivalents and marketable $ 412,003 $ 6 $ (761 ) $ 411,248 The following are the fair values of our cash equivalents and marketable securities as of January 31, 2017 (in thousands): Amortized Unrealized Unrealized Estimated Cash equivalents: (1) Money market funds $ 49,390 $ — $ — $ 49,390 U.S. agency obligations 3,249 — — 3,249 Corporate notes and obligations 2,050 — — 2,050 Commercial paper 3,998 — — 3,998 Marketable securities: Asset-backed securities 39,281 — (17 ) 39,264 Corporate notes and obligations 105,698 5 (116 ) 105,587 Municipal securities 16,128 — (23 ) 16,105 Certificate of deposit 15,500 20 — 15,520 U.S. treasury securities 5,004 — — 5,004 Total cash equivalents and marketable $ 240,298 $ 25 $ (156 ) $ 240,167 (1) Included in “cash and cash equivalents” in the accompanying consolidated balance sheet as of January 31, 2018 and 2017 . |
Restricted Cash as Shown on the Consolidated Balance Sheet | Cash as reported on the consolidated statements of cash flows includes the aggregate amounts of cash and cash equivalents and the restricted cash as shown on the consolidated balance sheets. Cash as reported on the consolidated statements of cash flows consists of the following (in thousands): As of January 31, 2018 2017 2016 Cash and cash equivalents $ 43,247 $ 74,186 $ 35,966 Restricted cash 18,052 15,446 28 Cash, cash equivalents and restricted cash $ 61,299 $ 89,632 $ 35,994 |
Schedule of Estimated Useful Lives of Company's Assets | The estimated useful lives of the Company’s assets are as follows: Computer software 2 years Computer equipment 2-3 years Furniture and office equipment 3 years Leasehold improvements Shorter of remaining lease term or estimated useful life The cost and accumulated depreciation and amortization of property and equipment are as follows (in thousands): As of January 31, 2018 2017 Computer equipment and software $ 17,139 $ 17,981 Office furniture and equipment 7,981 4,350 Leasehold improvements 13,469 8,468 Construction in progress 3,243 — Property and equipment, gross 41,832 30,799 Less: accumulated depreciation and amortization (24,232 ) (17,695 ) Property and equipment, net $ 17,600 $ 13,104 |
Cash Equivalents and Marketab24
Cash Equivalents and Marketable Securities (Tables) | 12 Months Ended |
Jan. 31, 2018 | |
Cash and Cash Equivalents [Abstract] | |
Cash as Reported on the Condensed Consolidated Flows | Cash as reported on the consolidated statements of cash flows includes the aggregate amounts of cash and cash equivalents and the restricted cash as shown on the consolidated balance sheets. Cash as reported on the consolidated statements of cash flows consists of the following (in thousands): As of January 31, 2018 2017 2016 Cash and cash equivalents $ 43,247 $ 74,186 $ 35,966 Restricted cash 18,052 15,446 28 Cash, cash equivalents and restricted cash $ 61,299 $ 89,632 $ 35,994 The following are the fair values of our cash equivalents and marketable securities as of January 31, 2018 (in thousands): Amortized Unrealized Unrealized Estimated Cash equivalents: (1) Money market funds $ 10,226 $ — $ — $ 10,226 Asset-backed securities 1,600 — — 1,600 Marketable securities: U.S. agency obligations 7,803 (39 ) 7,764 Asset-backed securities 46,529 — (124 ) 46,405 Corporate notes and obligations 195,460 3 (517 ) 194,946 Commercial paper 85,438 — (16 ) 85,422 Municipal securities 13,339 — (18 ) 13,321 Certificates of deposit 24,705 3 (7 ) 24,701 U.S. treasury securities 26,903 — (40 ) 26,863 Total cash equivalents and marketable $ 412,003 $ 6 $ (761 ) $ 411,248 The following are the fair values of our cash equivalents and marketable securities as of January 31, 2017 (in thousands): Amortized Unrealized Unrealized Estimated Cash equivalents: (1) Money market funds $ 49,390 $ — $ — $ 49,390 U.S. agency obligations 3,249 — — 3,249 Corporate notes and obligations 2,050 — — 2,050 Commercial paper 3,998 — — 3,998 Marketable securities: Asset-backed securities 39,281 — (17 ) 39,264 Corporate notes and obligations 105,698 5 (116 ) 105,587 Municipal securities 16,128 — (23 ) 16,105 Certificate of deposit 15,500 20 — 15,520 U.S. treasury securities 5,004 — — 5,004 Total cash equivalents and marketable $ 240,298 $ 25 $ (156 ) $ 240,167 (1) Included in “cash and cash equivalents” in the accompanying consolidated balance sheet as of January 31, 2018 and 2017 . |
Schedule of Fair Value of Cash and Cash Equivalents and Marketable Securities | The following are the fair values of our cash equivalents and marketable securities as of January 31, 2018 (in thousands): Amortized Unrealized Unrealized Estimated Cash equivalents: (1) Money market funds $ 10,226 $ — $ — $ 10,226 Asset-backed securities 1,600 — — 1,600 Marketable securities: U.S. agency obligations 7,803 (39 ) 7,764 Asset-backed securities 46,529 — (124 ) 46,405 Corporate notes and obligations 195,460 3 (517 ) 194,946 Commercial paper 85,438 — (16 ) 85,422 Municipal securities 13,339 — (18 ) 13,321 Certificates of deposit 24,705 3 (7 ) 24,701 U.S. treasury securities 26,903 — (40 ) 26,863 Total cash equivalents and marketable $ 412,003 $ 6 $ (761 ) $ 411,248 The following are the fair values of our cash equivalents and marketable securities as of January 31, 2017 (in thousands): Amortized Unrealized Unrealized Estimated Cash equivalents: (1) Money market funds $ 49,390 $ — $ — $ 49,390 U.S. agency obligations 3,249 — — 3,249 Corporate notes and obligations 2,050 — — 2,050 Commercial paper 3,998 — — 3,998 Marketable securities: Asset-backed securities 39,281 — (17 ) 39,264 Corporate notes and obligations 105,698 5 (116 ) 105,587 Municipal securities 16,128 — (23 ) 16,105 Certificate of deposit 15,500 20 — 15,520 U.S. treasury securities 5,004 — — 5,004 Total cash equivalents and marketable $ 240,298 $ 25 $ (156 ) $ 240,167 (1) Included in “cash and cash equivalents” in the accompanying consolidated balance sheet as of January 31, 2018 and 2017 . |
Schedule of Marketable Securities in Unrealized Loss Position | As of January 31, 2018 , the following marketable securities were in an unrealized loss position (in thousands): Less than 12 months Greater than 12 months Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized U.S. agency obligations $ 7,764 $ (39 ) $ — $ — $ 7,764 $ (39 ) Asset-backed securities 42,399 (124 ) 308 — 42,707 (124 ) Corporate notes and obligations 173,508 (498 ) 7,997 (19 ) 181,505 (517 ) Commercial paper 25,852 (16 ) — — 25,852 (16 ) Municipal securities 9,323 (18 ) — — 9,323 (18 ) Certificates of deposit 16,199 (7 ) — — 16,199 (7 ) U.S. treasury securities 21,863 (40 ) — — 21,863 (40 ) Total $ 296,908 $ (742 ) $ 8,305 $ (19 ) $ 305,213 $ (761 ) |
Fair Value Measurement (Tables)
Fair Value Measurement (Tables) | 12 Months Ended |
Jan. 31, 2018 | |
Fair Value Disclosures [Abstract] | |
Schedule of Financial Assets and Liabilities According to the Fair Value Hierarchy, Measured at Fair Value | The following table represents our financial assets and liabilities according to the fair value hierarchy, measured at fair value as of January 31, 2018 (in thousands): Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 10,226 $ — $ — $ 10,226 Asset-backed securities — 1,600 — 1,600 Marketable securities: U.S. agency obligations — 7,764 — 7,764 Asset-backed securities — 46,405 — 46,405 Corporate notes and obligations — 194,946 — 194,946 Commercial paper — 85,422 — 85,422 Municipal securities — 13,321 — 13,321 Certificates of deposit — 24,701 — 24,701 U.S. treasury securities (1) 24,886 1,977 — 26,863 Restricted cash: Money market funds 14,672 — — 14,672 Total financial assets $ 49,784 $ 376,136 $ — $ 425,920 (1) U.S. treasury securities classified as Level 1 are U.S. treasury bills for which there are quoted prices in active markets The following table represents our financial assets and liabilities according to the fair value hierarchy, measured at fair value as of January 31, 2017 (in thousands): Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 49,390 $ — $ — $ 49,390 U.S. agency obligations — 3,249 — 3,249 Corporate notes and obligations — 2,050 — 2,050 Commercial paper — 3,998 — 3,998 Marketable securities: Asset-backed securities — 39,264 — 39,264 Corporate notes and obligations — 105,587 — 105,587 Municipal securities — 16,105 — 16,105 U.S. treasury securities — 5,004 — 5,004 Certificate of deposit — 15,520 — 15,520 Restricted cash: Money market funds 15,446 — — 15,446 Total financial assets $ 64,836 $ 190,777 $ — $ 255,613 |
Balance Sheet Components (Table
Balance Sheet Components (Tables) | 12 Months Ended |
Jan. 31, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Schedule of Cost and Accumulated Depreciation and Amortization of Property and Equipment | The estimated useful lives of the Company’s assets are as follows: Computer software 2 years Computer equipment 2-3 years Furniture and office equipment 3 years Leasehold improvements Shorter of remaining lease term or estimated useful life The cost and accumulated depreciation and amortization of property and equipment are as follows (in thousands): As of January 31, 2018 2017 Computer equipment and software $ 17,139 $ 17,981 Office furniture and equipment 7,981 4,350 Leasehold improvements 13,469 8,468 Construction in progress 3,243 — Property and equipment, gross 41,832 30,799 Less: accumulated depreciation and amortization (24,232 ) (17,695 ) Property and equipment, net $ 17,600 $ 13,104 |
Schedule of Intangible Assets | Intangible assets consisted of the following as of January 31, 2018 (dollars in thousands): Gross Fair Accumulated Net Book Weighted Average Developed technology $ 11,986 $ (6,769 ) $ 5,217 2.5 Customer relationships and other acquired intangible assets 6,797 (6,159 ) 638 4.6 Total $ 18,783 $ (12,928 ) $ 5,855 2.8 Intangible assets consisted of the following as of January 31, 2017 (dollars in thousands): Gross Fair Accumulated Net Book Weighted Average Developed technology $ 10,155 $ (4,548 ) $ 5,607 2.9 Customer relationships and other acquired intangible assets 6,125 (4,681 ) 1,444 0.8 Total $ 16,280 $ (9,229 ) $ 7,051 2.5 |
Schedule of Expected Future Amortization Expense of Intangible Assets | The expected future amortization expense of these intangible assets as of January 31, 2018 is as follows (in thousands): 2019 $ 2,628 2020 1,738 2021 944 2022 464 2023 81 Total intangible assets, net $ 5,855 |
Schedule of Changes in Goodwill | The following table represents the changes to goodwill (in thousands): Balance at January 31, 2016 $ 30,551 Additions from an acquisition 965 Balance at January 31, 2017 31,516 Additions from acquisitions 2,105 Balance at January 31, 2018 $ 33,621 |
Accrued Compensation and Other Accrued Liabilities | Accrued compensation consists of the following (in thousands): As of January 31, 2018 2017 Accrued salaries, benefits and commissions $ 15,039 $ 14,186 Accrued bonuses 17,875 15,338 Employee stock purchase plan withholdings 2,238 — Accrued compensation related taxes and other 6,241 3,852 Total accrued compensation $ 41,393 $ 33,376 Other Accrued Liabilities Other accrued liabilities consists of the following (in thousands): As of January 31, 2018 2017 Accrued taxes $ 2,092 $ 1,585 Deferred real estate costs 334 47 Accrued professional costs 2,463 2,147 Customer deposits 556 301 Deferred sublease income — 861 Accrued self-insurance costs 1,285 746 Other 6,724 4,231 Total other accrued liabilities $ 13,454 $ 9,918 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 12 Months Ended |
Jan. 31, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
Contractual Obligation, Fiscal Year Maturity Schedule | We lease facilities space under non‑cancelable operating leases with various expiration dates. Future minimum lease payments and sublease proceeds under non-cancelable operating leases with an initial lease term greater than one year at January 31, 2018 are as follows (in thousands): Year Ending January 31: Minimum Lease Payments Sublease Rental Proceeds Net Minimum Lease Payments 2019 $ 34,625 $ (13,292 ) $ 21,333 2020 35,478 (13,690 ) 21,788 2021 35,446 (14,098 ) 21,348 2022 31,850 (10,858 ) 20,992 2023 29,491 (4,388 ) 25,103 2024 and thereafter 133,011 — 133,011 Total $ 299,901 $ (56,326 ) $ 243,575 |
Common Stock Common Stock (Tabl
Common Stock Common Stock (Tables) | 12 Months Ended |
Jan. 31, 2018 | |
Equity [Abstract] | |
Summary of Authorized, Issued and Reserved Outstanding Common Stock | The following table summarizes our authorized, issued, reserved and outstanding common stock as of January 31, 2018 : Common Common Common Issued Common outstanding — 145,327,001 145,327,001 2017 Equity Incentive Plan: Restricted stock units and options outstanding 10,477,251 — 10,477,251 Shares available for grant 25,617,508 — 25,617,508 2017 Employee Stock Purchase Plan: Shares available for grant 2,270,850 — 2,270,850 2008 Equity Incentive Plan: Restricted stock units and options outstanding 30,144,482 — 30,144,482 Amended and Restated 2008 Stock Purchase and Option Plan (from prior acquisition): Options outstanding 28,521 — 28,521 Undesignated 986,134,387 — 986,134,387 1,054,672,999 145,327,001 1,200,000,000 The following table summarizes our authorized, issued, reserved and outstanding common stock as of January 31, 2017 : Authorized Preferred Common Common Common Issued Series A 12,936,594 12,936,594 12,936,594 — 12,936,594 Series B 12,314,006 12,314,006 12,314,006 — 12,314,006 Series C 8,951,868 8,951,868 8,951,868 — 8,951,868 Series D 8,965,178 8,965,178 8,965,178 — 8,965,178 Series E 8,756,093 8,756,093 8,756,093 — 8,756,093 Series F 10,989,008 10,989,008 10,989,008 — 10,989,008 Series F-1 11,994,668 11,994,668 11,994,668 — 11,994,668 Common outstanding — — — 38,156,688 38,156,688 2008 Equity Incentive Plan: Restricted stock units and options outstanding — — 44,560,246 — 44,560,246 Shares available for grant — — 581,084 — 581,084 Amended and Restated 2008 Stock Purchase and Option Plan (from prior acquisition): Options outstanding — — 53,455 — 53,455 Undesignated — — 1,741,112 — 1,741,112 74,907,415 74,907,415 121,843,312 38,156,688 160,000,000 |
Stock Option Plans (Tables)
Stock Option Plans (Tables) | 12 Months Ended |
Jan. 31, 2018 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Schedule of Stock Option Activity | The following tables summarize stock option activity and related information: Options Outstanding Shares Options Weighted- Weighted-Average Remaining Aggregate (in thousands) Balance — January 31, 2016 336,697 24,835,286 $ 4.60 6.9 $ 497,338 Additional shares reserved 10,001,250 — — — — Restricted stock activity, net (10,193,963 ) — — — Granted (370,480 ) 370,480 17.85 — — Exercised (1,157,625 ) 3.10 — — Canceled 808,462 (808,462 ) 10.74 — — Plan shares expired (882 ) — — — Balance — January 31, 2017 581,084 23,239,679 4.67 6.0 319,016 Additional shares reserved 32,000,000 — — — — Restricted stock activity, net (10,844,829 ) — — — — Granted (47,400 ) 47,400 20.10 — — Exercised (4,552,043 ) 2.67 — — Canceled 328,116 (328,116 ) 14.23 — — Shares in lieu of taxes 3,600,767 — — — — Plan shares expired (230 ) — — — — Balance — January 31, 2018 25,617,508 18,406,920 $ 5.03 5.3 $ 252,571 Exercisable— January 31, 2018 17,291,561 $ 4.38 5.1 $ 248,344 Vested or expected to vest — January 31, 2018 18,406,920 $ 5.03 5.3 $ 252,571 |
Schedule of Weighted Average Assumptions in Calculating Option Fair Value | The fair value of each stock option or ESPP grant was estimated at the grant date using the Black‑Scholes option‑pricing model with the following weighted‑average assumptions: Stock Options Year Ended 2018 2017 2016 Volatility 45.3% 47.9% 44.3% Risk-free interest rate 2.0% 2.0% 1.7% Expected term (in years) 6.1 years 6.0 years 6.1 years Expected dividends —% —% —% ESPP Year Ended 2018 2017 Volatility 32.9% n/a Risk-free interest rate 1.2% n/a Expected term (in years) 0.6 years n/a Expected dividends —% n/a |
Schedule of Restricted Stock Activity | Restricted stock activity is as follows: Restricted Stock Units Outstanding Number of Weighted- Balance — January 31, 2016 11,228,365 $ 26.17 Granted 12,152,584 19.25 Canceled (1,958,621 ) 25.03 Vested and converted to shares (48,306 ) 24.85 Balance —January 31, 2017 21,374,022 22.36 Granted 12,881,176 16.93 Canceled (2,037,598 ) 15.63 Vested and converted to shares (9,974,266 ) 15.15 Balance —January 31, 2018 22,243,334 $ 16.08 |
Income taxes (Tables)
Income taxes (Tables) | 12 Months Ended |
Jan. 31, 2018 | |
Income Tax Disclosure [Abstract] | |
Schedule of Domestic and Foreign Components of Loss before Provision for Income Taxes | The domestic and foreign components of loss before provision for income taxes consisted of the following (in thousands): Year Ended January 31, 2018 2017 2016 Domestic $ (388,587 ) $ (187,905 ) $ (204,713 ) Foreign 4,873 2,775 2,680 Net loss before income taxes $ (383,714 ) $ (185,130 ) $ (202,033 ) |
Schedule of Components of Provision for Income Tax | The components of provision for income taxes are as follows (in thousands): Year Ended January 31, 2018 2017 2016 Current: Federal $ — $ — $ — State (112 ) (140 ) (177 ) Foreign (3,097 ) (2,011 ) (940 ) Total current tax expense (3,209 ) (2,151 ) (1,117 ) Deferred: Federal 917 (108 ) — State — — — Foreign 213 72 7 Total deferred tax expense 1,130 (36 ) 7 Total provision for income taxes $ (2,079 ) $ (2,187 ) $ (1,110 ) |
Reconciliation of Income Taxes at Statutory Federal Income Tax Rate to Provision for Income Taxes | A reconciliation of income taxes at the statutory federal income tax rate to the provision for income taxes included in the consolidated statements of operations is as follows (in thousands): Year Ended January 31, 2018 2017 2016 U.S. federal statutory income tax $ 129,737 $ 62,944 $ 68,691 Research tax credits 7,976 2,235 1,605 Stock-based compensation (5,124 ) (4,340 ) (11,060 ) Change in valuation allowance (2,543 ) (54,823 ) (60,318 ) Donation of common stock to the Cloudera Foundation — (7,335 ) — Federal tax rate change (132,387 ) — — Other 262 (868 ) (28 ) Provision for income taxes $ (2,079 ) $ (2,187 ) $ (1,110 ) |
Schedule of Deferred Tax Assets and Liabilities | The deferred tax assets and liabilities were as follows (in thousands): As of January 31, 2018 2017 Deferred tax assets: Accruals and reserves $ 12,657 $ 12,282 Deferred revenue 25,057 26,509 Net operating loss carryforward 202,286 165,873 Research and development credits and other credits 27,480 12,009 Stock-based compensation 30,747 9,923 Gross deferred tax assets 298,227 226,596 Less valuation allowance (297,274 ) (225,495 ) Total deferred tax assets 953 1,101 Deferred tax liabilities: Depreciation and amortization (510 ) (872 ) Gross deferred tax liabilities (510 ) (872 ) Net deferred tax assets $ 443 $ 229 |
Schedule of Changes in Gross Unrecognized Tax Benefits | The following table reflects the changes in the gross unrecognized tax benefits (in thousands): Year Ended January 31, 2018 2017 2016 Balance as of beginning of year $ 9,600 $ 6,500 $ 4,200 Tax positions taken in current period Gross increases 2,100 3,100 2,300 Balance as of end of year $ 11,700 $ 9,600 $ 6,500 |
Segment Information (Tables)
Segment Information (Tables) | 12 Months Ended |
Jan. 31, 2018 | |
Segment Reporting [Abstract] | |
Schedule of Financial Information by Reportable Segment | Financial information for each reportable segment was as follows (in thousands): Year Ended 2018 2017 2016 Revenue: Subscription $ 301,022 $ 200,252 $ 119,150 Services 66,421 60,774 46,898 Total revenue $ 367,443 $ 261,026 $ 166,048 Year Ended January 31, 2018 2017 2016 Contribution margin: Subscription $ 257,176 $ 164,971 $ 93,380 Services 11,131 14,293 6,701 Total segment contribution margin $ 268,307 $ 179,264 $ 100,081 |
Reconciliation of Segment Financial Information to Loss from Operations | The reconciliation of segment financial information to our loss from operations is as follows (in thousands): Year Ended January 31, 2018 2017 2016 Segment contribution margin $ 268,307 $ 179,264 $ 100,081 Amortization of acquired intangible assets (3,723 ) (3,720 ) (3,455 ) Stock-based compensation expense (290,006 ) (21,714 ) (63,590 ) Donation of common stock to the Cloudera Foundation — (21,574 ) — Corporate costs, such as research and development, corporate general and administrative and other (364,871 ) (319,595 ) (237,673 ) Loss from operations $ (390,293 ) $ (187,339 ) $ (204,637 ) |
Net Loss Per Share (Tables)
Net Loss Per Share (Tables) | 12 Months Ended |
Jan. 31, 2018 | |
Earnings Per Share [Abstract] | |
Schedule of the Calculation of Basic and Diluted Net Loss Per Share Attributable to Common Stockholders | The following table sets forth the calculation of basic and diluted net loss per share during the periods presented (in thousands, except per share data): Year Ended 2018 2017 2016 Numerator: Net loss $ (385,793 ) $ (187,317 ) $ (203,143 ) Denominator: Weighted-average shares used in computing net loss, basic and diluted 114,141 36,406 32,724 Net loss per share, basic and diluted $ (3.38 ) $ (5.15 ) $ (6.21 ) |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | The following outstanding shares of common stock equivalents were excluded from the computation of the diluted net loss per share for the periods presented because their effect would have been anti‑dilutive (in thousands): As of January 31, 2018 2017 2016 Redeemable convertible preferred stock on an as-if converted basis — 74,907 74,907 Stock options to purchase common stock 18,407 23,240 24,835 Restricted stock units 22,243 21,374 11,228 Shares issuable pursuant to the ESPP 522 — — Total 41,172 119,521 110,970 |
Selected Quarterly Financial 33
Selected Quarterly Financial Data (unaudited) (Tables) | 12 Months Ended |
Jan. 31, 2018 | |
Quarterly Financial Information Disclosure [Abstract] | |
Summary of Quarterly Financial Information | The following table sets forth selected summarized quarterly financial information for each of the eight quarters in fiscal 2018 and 2017 (in thousands, except per share data): Three Months Ended April 30 July 31 October 31 January 31 Fiscal Year Fiscal 2018 Revenue $ 79,596 $ 89,828 $ 94,569 $ 103,450 $ 367,443 Gross profit 19,484 57,858 61,443 70,623 209,408 Loss from operations (222,340 ) (65,685 ) (56,590 ) (45,678 ) (390,293 ) Net loss (222,319 ) (64,229 ) (55,338 ) (43,907 ) (385,793 ) Net loss per share, basic and diluted $ (5.78 ) $ (0.48 ) $ (0.40 ) $ (0.31 ) $ (3.38 ) Fiscal 2017 Revenue $ 56,485 $ 64,456 $ 67,258 $ 72,827 $ 261,026 Gross profit 35,450 43,117 44,819 50,652 174,038 Loss from operations (43,516 ) (38,787 ) (43,988 ) (61,048 ) (187,339 ) Net loss (43,113 ) (38,727 ) (44,045 ) (61,432 ) (187,317 ) Net loss per share, basic and diluted $ (1.20 ) $ (1.07 ) $ (1.20 ) $ (1.67 ) $ (5.15 ) |
Organization and Description 34
Organization and Description of Business - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands | Oct. 02, 2017 | May 03, 2017 | Jan. 31, 2018 | Jan. 31, 2017 |
Related Party Transaction [Line Items] | ||||
Accumulated deficit | $ 1,061,790 | $ 675,997 | ||
Conversion of redeemable convertible preferred stock to common stock in connection with initial public offering | $ 657,687 | |||
Common Stock | ||||
Related Party Transaction [Line Items] | ||||
Conversion of redeemable convertible preferred stock to common stock in connection with initial public offering (in shares) | 74,907,415 | 74,907,415 | ||
Conversion of redeemable convertible preferred stock to common stock in connection with initial public offering | $ 4 | |||
Additional Paid-In Capital | ||||
Related Party Transaction [Line Items] | ||||
Conversion of redeemable convertible preferred stock to common stock in connection with initial public offering | $ 657,700 | $ 657,683 | ||
Affiliated Entity | Donation to Non-Profit Affiliate | Cloudera Foundation | ||||
Related Party Transaction [Line Items] | ||||
Cash donation | $ 2,400 | |||
IPO proceeds donated (as a percent) | 1.00% | |||
IPO | ||||
Related Party Transaction [Line Items] | ||||
Common stock issued (in shares) | 17,250,000 | |||
Share price (in dollars per share) | $ 15 | |||
Aggregate net proceeds from stock offering | $ 235,400 | |||
Underwriting and commissions | 18,100 | |||
Other issuance costs | $ 5,300 | |||
Follow-On Offering | ||||
Related Party Transaction [Line Items] | ||||
Common stock issued (in shares) | 3,000,000 | |||
Share price (in dollars per share) | $ 16.45 | |||
Aggregate net proceeds from stock offering | $ 46,000 | |||
Underwriting and commissions | 2,000 | |||
Other issuance costs | $ 1,400 | |||
Follow-On Offering | Investor | ||||
Related Party Transaction [Line Items] | ||||
Common stock issued (in shares) | 12,446,930 |
Summary of Significant Accoun35
Summary of Significant Accounting Policies - Narrative (Details) | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||
Jul. 31, 2015USD ($) | Jul. 31, 2015USD ($) | Jan. 31, 2018USD ($)segment | Jan. 31, 2017USD ($) | Jan. 31, 2016USD ($) | |
Concentration Risk [Line Items] | |||||
Operating segments | segment | 2 | ||||
Allowance for doubtful accounts | $ 300,000 | $ 100,000 | $ 100,000 | ||
Impairment of property and equipment | 0 | 0 | 0 | ||
Goodwill impairment | 0 | 0 | 0 | ||
Impairment of intangible assets | 0 | 0 | 0 | ||
Advertising cost | $ 600,000 | $ 800,000 | $ 700,000 | ||
Restricted stock units | |||||
Concentration Risk [Line Items] | |||||
Award vesting period (in years) | 4 years | ||||
Stock-based compensation expense | $ 16,600,000 | $ 19,700,000 | |||
Equity Incentive Plan 2008 | Restricted stock units | |||||
Concentration Risk [Line Items] | |||||
Award vesting period (in years) | 4 years | ||||
Stock-based compensation expense | $ 181,500,000 | ||||
Subscription Arrangement, Limited Case | |||||
Concentration Risk [Line Items] | |||||
Revenue recognition period (in years) | 7 years | ||||
Minimum | Subscription Arrangement | |||||
Concentration Risk [Line Items] | |||||
Revenue recognition period (in years) | 1 year | ||||
Maximum | Subscription Arrangement | |||||
Concentration Risk [Line Items] | |||||
Revenue recognition period (in years) | 3 years | ||||
Customer Concentration Risk | Accounts Receivable | |||||
Concentration Risk [Line Items] | |||||
Concentration risk (as a percent) | 16.00% | 21.00% | |||
Palo Alto, California | |||||
Concentration Risk [Line Items] | |||||
Restricted cash | $ 14,700,000 |
Summary of Significant Accoun36
Summary of Significant Accounting Policies - Cash as Reported on the Condensed Consolidated Statements of Cash Flows (Details) - USD ($) $ in Thousands | Jan. 31, 2018 | Jan. 31, 2017 | Jan. 31, 2016 | Jan. 31, 2015 |
Accounting Policies [Abstract] | ||||
Cash and cash equivalents | $ 43,247 | $ 74,186 | $ 35,966 | |
Restricted cash | 18,052 | 15,446 | 28 | |
Cash, cash equivalents and restricted cash | $ 61,299 | $ 89,632 | $ 35,994 | $ 359,844 |
Summary of Significant Accoun37
Summary of Significant Accounting Policies - Schedule of Estimated Useful Lives of Company's Assets (Details) | 12 Months Ended |
Jan. 31, 2018 | |
Computer Software | |
Property, Plant and Equipment [Line Items] | |
Estimated useful lives | 2 years |
Computer Equipment | Minimum | |
Property, Plant and Equipment [Line Items] | |
Estimated useful lives | 2 years |
Computer Equipment | Maximum | |
Property, Plant and Equipment [Line Items] | |
Estimated useful lives | 3 years |
Furniture and Office Equipment | |
Property, Plant and Equipment [Line Items] | |
Estimated useful lives | 3 years |
Cash Equivalents and Marketab38
Cash Equivalents and Marketable Securities - Schedule of Fair Value of Cash and Cash Equivalents and Marketable Securities (Details) - USD ($) $ in Thousands | Jan. 31, 2018 | Jan. 31, 2017 |
Marketable securities: | ||
Unrealized Gains | $ 6 | $ 25 |
Unrealized Losses | (761) | (156) |
Total cash equivalents and marketable securities, Amortized Cost | 412,003 | 240,298 |
Total cash equivalents and marketable securities, Estimated Fair Value | 411,248 | 240,167 |
U.S. agency obligations | ||
Marketable securities: | ||
Amortized Cost | 7,803 | |
Unrealized Gains | ||
Unrealized Losses | (39) | |
Estimated Fair Value | 7,764 | |
Asset-backed securities | ||
Marketable securities: | ||
Amortized Cost | 46,529 | 39,281 |
Unrealized Gains | 0 | 0 |
Unrealized Losses | (124) | (17) |
Estimated Fair Value | 46,405 | 39,264 |
Corporate notes and obligations | ||
Marketable securities: | ||
Amortized Cost | 195,460 | 105,698 |
Unrealized Gains | 3 | 5 |
Unrealized Losses | (517) | (116) |
Estimated Fair Value | 194,946 | 105,587 |
Commercial paper | ||
Marketable securities: | ||
Amortized Cost | 85,438 | |
Unrealized Gains | 0 | |
Unrealized Losses | (16) | |
Estimated Fair Value | 85,422 | |
Municipal securities | ||
Marketable securities: | ||
Amortized Cost | 13,339 | 16,128 |
Unrealized Gains | 0 | 0 |
Unrealized Losses | (18) | (23) |
Estimated Fair Value | 13,321 | 16,105 |
Certificates of deposit | ||
Marketable securities: | ||
Amortized Cost | 24,705 | 15,500 |
Unrealized Gains | 3 | 20 |
Unrealized Losses | (7) | 0 |
Estimated Fair Value | 24,701 | 15,520 |
U.S. treasury securities | ||
Marketable securities: | ||
Amortized Cost | 26,903 | 5,004 |
Unrealized Gains | 0 | 0 |
Unrealized Losses | (40) | 0 |
Estimated Fair Value | 26,863 | 5,004 |
Money market funds | ||
Cash Equivalents: | ||
Amortized Cost | 10,226 | 49,390 |
Estimated Fair Value | 10,226 | 49,390 |
U.S. agency obligations | ||
Cash Equivalents: | ||
Amortized Cost | 3,249 | |
Unrealized Losses | 0 | |
Estimated Fair Value | 3,249 | |
Corporate notes and obligations | ||
Cash Equivalents: | ||
Amortized Cost | 2,050 | |
Estimated Fair Value | 2,050 | |
Asset-backed securities | ||
Cash Equivalents: | ||
Amortized Cost | 1,600 | |
Estimated Fair Value | $ 1,600 | |
Commercial paper | ||
Cash Equivalents: | ||
Amortized Cost | 3,998 | |
Unrealized Losses | 0 | |
Estimated Fair Value | $ 3,998 |
Cash Equivalents and Marketab39
Cash Equivalents and Marketable Securities - Narrative (Details) - USD ($) | 12 Months Ended | |
Jan. 31, 2018 | Jan. 31, 2017 | |
Cash and Cash Equivalents [Line Items] | ||
Unrealized losses, greater than 12 months | $ 19,000 | $ 0 |
Unrealized loss, less than 12 months | $ 742,000 | |
Minimum | ||
Cash and Cash Equivalents [Line Items] | ||
Marketable securities term | 1 year | 1 year |
Unrealized loss, less than 12 months | $ 1,000 | $ 1,000 |
Maximum | ||
Cash and Cash Equivalents [Line Items] | ||
Marketable securities term | 3 years | 4 years |
Unrealized loss, less than 12 months | $ 51,000 | $ 26,000 |
Cash Equivalents and Marketab40
Cash Equivalents and Marketable Securities - Schedule of Marketable Securities in an Unrealized Loss Position (Details) - USD ($) | Jan. 31, 2018 | Jan. 31, 2017 |
Schedule of Available-for-sale Securities [Line Items] | ||
Fair value, Less than 12 months | $ 296,908,000 | |
Unrealized loss, less than 12 months | (742,000) | |
Fair value, Greater than 12 months | 8,305,000 | |
Unrealized losses, greater than 12 months | (19,000) | $ 0 |
Fair Value | 305,213,000 | |
Unrealized Losses | (761,000) | |
U.S. agency obligations | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair value, Less than 12 months | 7,764,000 | |
Unrealized loss, less than 12 months | (39,000) | |
Fair value, Greater than 12 months | 0 | |
Unrealized losses, greater than 12 months | 0 | |
Fair Value | 7,764,000 | |
Unrealized Losses | (39,000) | |
Asset-backed securities | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair value, Less than 12 months | 42,399,000 | |
Unrealized loss, less than 12 months | (124,000) | |
Fair value, Greater than 12 months | 308,000 | |
Unrealized losses, greater than 12 months | 0 | |
Fair Value | 42,707,000 | |
Unrealized Losses | (124,000) | |
Corporate notes and obligations | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair value, Less than 12 months | 173,508,000 | |
Unrealized loss, less than 12 months | (498,000) | |
Fair value, Greater than 12 months | 7,997,000 | |
Unrealized losses, greater than 12 months | (19,000) | |
Fair Value | 181,505,000 | |
Unrealized Losses | (517,000) | |
Commercial paper | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair value, Less than 12 months | 25,852,000 | |
Unrealized loss, less than 12 months | (16,000) | |
Fair value, Greater than 12 months | 0 | |
Unrealized losses, greater than 12 months | 0 | |
Fair Value | 25,852,000 | |
Unrealized Losses | (16,000) | |
Municipal securities | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair value, Less than 12 months | 9,323,000 | |
Unrealized loss, less than 12 months | (18,000) | |
Fair value, Greater than 12 months | 0 | |
Unrealized losses, greater than 12 months | 0 | |
Fair Value | 9,323,000 | |
Unrealized Losses | (18,000) | |
Certificates of deposit | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair value, Less than 12 months | 16,199,000 | |
Unrealized loss, less than 12 months | (7,000) | |
Fair value, Greater than 12 months | 0 | |
Unrealized losses, greater than 12 months | 0 | |
Fair Value | 16,199,000 | |
Unrealized Losses | (7,000) | |
U.S. treasury securities | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair value, Less than 12 months | 21,863,000 | |
Unrealized loss, less than 12 months | (40,000) | |
Fair value, Greater than 12 months | 0 | |
Unrealized losses, greater than 12 months | 0 | |
Fair Value | 21,863,000 | |
Unrealized Losses | $ (40,000) |
Fair Value Measurement - Sched
Fair Value Measurement - Schedule of Financial Assets and Liabilities According to the Fair Value Hierarchy, Measured at Fair Value (Details) - USD ($) $ in Thousands | Jan. 31, 2018 | Jan. 31, 2017 |
U.S. agency obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | $ 7,764 | |
Asset-backed securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 46,405 | $ 39,264 |
Corporate notes and obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 194,946 | 105,587 |
Municipal securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 13,321 | 16,105 |
Certificates of deposit | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 24,701 | 15,520 |
U.S. treasury securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 26,863 | 5,004 |
Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total financial assets | 425,920 | 255,613 |
Fair Value, Measurements, Recurring | U.S. agency obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 7,764 | |
Fair Value, Measurements, Recurring | Asset-backed securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 46,405 | 39,264 |
Fair Value, Measurements, Recurring | Corporate notes and obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 194,946 | 105,587 |
Fair Value, Measurements, Recurring | Commercial paper | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 85,422 | |
Fair Value, Measurements, Recurring | Municipal securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 13,321 | 16,105 |
Fair Value, Measurements, Recurring | Certificates of deposit | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 24,701 | 15,520 |
Fair Value, Measurements, Recurring | U.S. treasury securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 26,863 | 5,004 |
Fair Value, Measurements, Recurring | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total financial assets | 49,784 | 64,836 |
Fair Value, Measurements, Recurring | Level 1 | U.S. agency obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 0 | |
Fair Value, Measurements, Recurring | Level 1 | Asset-backed securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 0 | 0 |
Fair Value, Measurements, Recurring | Level 1 | Corporate notes and obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 0 | 0 |
Fair Value, Measurements, Recurring | Level 1 | Commercial paper | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 0 | |
Fair Value, Measurements, Recurring | Level 1 | Municipal securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 0 | 0 |
Fair Value, Measurements, Recurring | Level 1 | Certificates of deposit | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 0 | |
Fair Value, Measurements, Recurring | Level 1 | U.S. treasury securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 24,886 | 0 |
Fair Value, Measurements, Recurring | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total financial assets | 376,136 | 190,777 |
Fair Value, Measurements, Recurring | Level 2 | U.S. agency obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 7,764 | |
Fair Value, Measurements, Recurring | Level 2 | Asset-backed securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 46,405 | 39,264 |
Fair Value, Measurements, Recurring | Level 2 | Corporate notes and obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 194,946 | 105,587 |
Fair Value, Measurements, Recurring | Level 2 | Commercial paper | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 85,422 | |
Fair Value, Measurements, Recurring | Level 2 | Municipal securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 13,321 | 16,105 |
Fair Value, Measurements, Recurring | Level 2 | Certificates of deposit | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 24,701 | 15,520 |
Fair Value, Measurements, Recurring | Level 2 | U.S. treasury securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 1,977 | 5,004 |
Fair Value, Measurements, Recurring | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total financial assets | 0 | 0 |
Fair Value, Measurements, Recurring | Level 3 | U.S. agency obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 0 | |
Fair Value, Measurements, Recurring | Level 3 | Asset-backed securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 0 | 0 |
Fair Value, Measurements, Recurring | Level 3 | Corporate notes and obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 0 | 0 |
Fair Value, Measurements, Recurring | Level 3 | Commercial paper | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 0 | |
Fair Value, Measurements, Recurring | Level 3 | Municipal securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 0 | 0 |
Fair Value, Measurements, Recurring | Level 3 | Certificates of deposit | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 0 | |
Fair Value, Measurements, Recurring | Level 3 | U.S. treasury securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Estimated Fair Value | 0 | 0 |
Fair Value, Measurements, Recurring | Money market funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash equivalents | 10,226 | 49,390 |
Restricted cash | 14,672 | 15,446 |
Fair Value, Measurements, Recurring | Money market funds | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash equivalents | 10,226 | 49,390 |
Restricted cash | 14,672 | 15,446 |
Fair Value, Measurements, Recurring | Money market funds | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash equivalents | 0 | 0 |
Restricted cash | 0 | 0 |
Fair Value, Measurements, Recurring | Money market funds | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash equivalents | 0 | 0 |
Restricted cash | 0 | 0 |
Fair Value, Measurements, Recurring | Asset-backed securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash equivalents | 1,600 | |
Fair Value, Measurements, Recurring | Asset-backed securities | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash equivalents | 0 | |
Fair Value, Measurements, Recurring | Asset-backed securities | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash equivalents | 1,600 | |
Fair Value, Measurements, Recurring | Asset-backed securities | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash equivalents | $ 0 | |
Fair Value, Measurements, Recurring | U.S. agency obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash equivalents | 3,249 | |
Fair Value, Measurements, Recurring | U.S. agency obligations | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash equivalents | 3,249 | |
Fair Value, Measurements, Recurring | Corporate notes and obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash equivalents | 2,050 | |
Fair Value, Measurements, Recurring | Corporate notes and obligations | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash equivalents | 2,050 | |
Fair Value, Measurements, Recurring | Commercial paper | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash equivalents | 3,998 | |
Fair Value, Measurements, Recurring | Commercial paper | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash equivalents | 0 | |
Fair Value, Measurements, Recurring | Commercial paper | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash equivalents | 3,998 | |
Fair Value, Measurements, Recurring | Commercial paper | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash equivalents | $ 0 |
Balance Sheet Components - Sch
Balance Sheet Components - Schedule of Cost and Accumulated Depreciation and Amortization of Property and Equipment (Details) - USD ($) $ in Thousands | Jan. 31, 2018 | Jan. 31, 2017 |
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | $ 41,832 | $ 30,799 |
Accumulated depreciation and amortization | (24,232) | (17,695) |
Property and equipment, net | 17,600 | 13,104 |
Computer Equipment | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 17,139 | 17,981 |
Furniture and Office Equipment | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 7,981 | 4,350 |
Leasehold improvements | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 13,469 | 8,468 |
Construction in progress | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | $ 3,243 | $ 0 |
Balance Sheet Components - Narr
Balance Sheet Components - Narrative (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Jan. 31, 2018 | Jan. 31, 2017 | Jan. 31, 2016 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||
Depreciation | $ 8.4 | $ 6.4 | $ 5.2 |
Amortization expense of intangible assets | $ 3.7 | $ 3.7 | $ 3.5 |
Balance Sheet Components - Sche
Balance Sheet Components - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Jan. 31, 2018 | Jan. 31, 2017 | |
Finite-Lived Intangible Assets [Line Items] | ||
Gross Fair Value | $ 18,783 | $ 16,280 |
Accumulated Amortization | (12,928) | (9,229) |
Net Book Value | $ 5,855 | $ 7,051 |
Weighted Average Remaining Useful Life (in years) | 2 years 9 months 18 days | 2 years 6 months |
Developed technology | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Fair Value | $ 11,986 | $ 10,155 |
Accumulated Amortization | (6,769) | (4,548) |
Net Book Value | $ 5,217 | $ 5,607 |
Weighted Average Remaining Useful Life (in years) | 2 years 6 months | 2 years 10 months 24 days |
Customer relationships and other acquired intangible assets | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Fair Value | $ 6,797 | $ 6,125 |
Accumulated Amortization | (6,159) | (4,681) |
Net Book Value | $ 638 | $ 1,444 |
Weighted Average Remaining Useful Life (in years) | 4 years 7 months 6 days | 9 months 18 days |
Balance Sheet Components - Sc45
Balance Sheet Components - Schedule of Expected Future Amortization Expense of Intangible Assets (Details) - USD ($) $ in Thousands | Jan. 31, 2018 | Jan. 31, 2017 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
2,019 | $ 2,628 | |
2,020 | 1,738 | |
2,021 | 944 | |
2,022 | 464 | |
2,023 | 81 | |
Net Book Value | $ 5,855 | $ 7,051 |
Balance Sheet Components - Sc46
Balance Sheet Components - Schedule of Changes in Goodwill (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Jan. 31, 2018 | Jan. 31, 2017 | |
Goodwill [Roll Forward] | ||
Beginning balance | $ 31,516 | $ 30,551 |
Additions from an acquisition | 2,105 | 965 |
Ending balance | $ 33,621 | $ 31,516 |
Balance Sheet Components - Accr
Balance Sheet Components - Accrued Compensation and Other Accrued Liabilities (Details) - USD ($) $ in Thousands | Jan. 31, 2018 | Jan. 31, 2017 |
Accrued Compensation | ||
Accrued salaries, benefits and commissions | $ 15,039 | $ 14,186 |
Accrued bonuses | 17,875 | 15,338 |
Employee stock purchase plan withholdings | 2,238 | 0 |
Accrued compensation related taxes and other | 6,241 | 3,852 |
Total accrued compensation | 41,393 | 33,376 |
Accrued Liabilities and Other Liabilities [Abstract] | ||
Accrued taxes | 2,092 | 1,585 |
Deferred real estate costs | 334 | 47 |
Accrued professional costs | 2,463 | 2,147 |
Customer deposits | 556 | 301 |
Deferred sublease income | 0 | 861 |
Accrued self-insurance costs | 1,285 | 746 |
Other | 6,724 | 4,231 |
Total other accrued liabilities | $ 13,454 | $ 9,918 |
Commitments and Contingencies -
Commitments and Contingencies - Narrative (Details) - USD ($) $ in Thousands | Feb. 08, 2017 | Jun. 30, 2017 | Jan. 31, 2018 | Jan. 31, 2017 | Jan. 31, 2016 |
Operating Leased Assets [Line Items] | |||||
Letters of credit | $ 19,700 | $ 16,800 | |||
Sublease rentals in fiscal 2020 | 13,690 | ||||
Sublease rentals in fiscal 2021 | 14,098 | ||||
Sublease rentals in fiscal 2022 | 10,858 | ||||
Minimum lease payments | 299,901 | ||||
Rent expense | $ 16,100 | $ 8,400 | $ 7,200 | ||
Palo Alto, California | |||||
Operating Leased Assets [Line Items] | |||||
Sublease term | 45 months | ||||
Sublease rentals in fiscal 2019 | $ 4,000 | ||||
Sublease rentals in fiscal 2020 | 4,100 | ||||
Sublease rentals in fiscal 2021 | 4,300 | ||||
Sublease rentals in fiscal 2022 | $ 700 | ||||
San Francisco, California | |||||
Operating Leased Assets [Line Items] | |||||
Lease term | 87 months | ||||
Lease renewal option term | 60 months | ||||
Minimum lease payments | $ 34,500 | ||||
Prepaid rent requirement | $ 400 |
Commitments and Contingencies
Commitments and Contingencies - Future Minimum Lease Payments and Sublease Proceeds Under Non-Cancelable Operating Leases (Details) $ in Thousands | Jan. 31, 2018USD ($) |
Commitments and Contingencies Disclosure [Abstract] | |
Minimum Lease Payments, fiscal 2019 | $ 34,625 |
Sublease Rental Proceeds, fiscal 2019 | (13,292) |
Net Minimum Lease Payments, fiscal 2019 | 21,333 |
Minimum Lease Payments, 2020 | 35,478 |
Sublease Rental Proceeds, 2020 | (13,690) |
Net Minimum Lease Payments, 2020 | 21,788 |
Minimum Lease Payments, 2021 | 35,446 |
Sublease Rental Proceeds, 2021 | (14,098) |
Net Minimum Lease Payments, 2021 | 21,348 |
Minimum Lease Payments, 2022 | 31,850 |
Sublease Rental Proceeds, 2022 | (10,858) |
Net Minimum Lease Payments, 2022 | 20,992 |
Minimum Lease Payments, 2023 | 29,491 |
Sublease Rental Proceeds, 2023 | (4,388) |
Net Minimum Lease Payments, 2023 | 25,103 |
Minimum Lease Payments, 2024 and thereafter | 133,011 |
Sublease Rental Proceeds, 2024 and thereafter | 0 |
Net Minimum Lease Payments, 2024 | 133,011 |
Minimum Lease Payments, Total | 299,901 |
Sublease Rental Proceeds, Total | (56,326) |
Net Minimum Lease Payments, Total | $ 243,575 |
Common Stock - Summary of Autho
Common Stock - Summary of Authorized, Issued and Reserved Outstanding Common Stock (Details) - shares | Jan. 31, 2018 | Mar. 31, 2017 | Jan. 31, 2017 |
Temporary Equity [Line Items] | |||
Redeemable convertible preferred stock authorized (in shares) | 0 | 74,907,415 | |
Redeemable convertible preferred stock issued (in shares) | 0 | 74,907,415 | |
Reserved for issuance under plans (in shares) | 1,054,672,999 | 121,843,312 | |
Common stock issued (in shares) | 145,327,001 | 38,156,688 | |
Common Issued or Reserved for Issuance (in shares) | 1,200,000,000 | 160,000,000 | |
Common Stock | |||
Temporary Equity [Line Items] | |||
Common stock issued (in shares) | 38,156,688 | ||
Common Issued or Reserved for Issuance (in shares) | 38,156,688 | ||
Equity Incentive Plan 2008 | |||
Temporary Equity [Line Items] | |||
Reserved for issuance under plans (in shares) | 581,084 | ||
Common stock issued (in shares) | 0 | ||
Common Issued or Reserved for Issuance (in shares) | 581,084 | ||
Equity Incentive Plan 2017 | |||
Temporary Equity [Line Items] | |||
Reserved for issuance under plans (in shares) | 25,617,508 | ||
Common stock issued (in shares) | 0 | ||
Common Issued or Reserved for Issuance (in shares) | 25,617,508 | ||
Employee Stock Purchase Plan 2017 | |||
Temporary Equity [Line Items] | |||
Reserved for issuance under plans (in shares) | 2,270,850 | 3,000,000 | |
Common stock issued (in shares) | 0 | ||
Common Issued or Reserved for Issuance (in shares) | 2,270,850 | ||
Restricted stock units and options outstanding | Equity Incentive Plan 2008 | |||
Temporary Equity [Line Items] | |||
Reserved for issuance under plans (in shares) | 30,144,482 | 44,560,246 | |
Common stock issued (in shares) | 0 | 0 | |
Common Issued or Reserved for Issuance (in shares) | 30,144,482 | 44,560,246 | |
Restricted stock units and options outstanding | Equity Incentive Plan 2017 | |||
Temporary Equity [Line Items] | |||
Reserved for issuance under plans (in shares) | 10,477,251 | ||
Common stock issued (in shares) | 0 | ||
Common Issued or Reserved for Issuance (in shares) | 10,477,251 | ||
Employee Stock Option | Amended and Restated 2008 Stock Purchase and Option Plan | |||
Temporary Equity [Line Items] | |||
Reserved for issuance under plans (in shares) | 28,521 | 53,455 | |
Common stock issued (in shares) | 0 | 0 | |
Common Issued or Reserved for Issuance (in shares) | 28,521 | 53,455 | |
Undesignated | |||
Temporary Equity [Line Items] | |||
Reserved for issuance under plans (in shares) | 986,134,387 | 1,741,112 | |
Common stock issued (in shares) | 0 | 0 | |
Common Issued or Reserved for Issuance (in shares) | 986,134,387 | 1,741,112 | |
Series A | |||
Temporary Equity [Line Items] | |||
Redeemable convertible preferred stock authorized (in shares) | 12,936,594 | ||
Redeemable convertible preferred stock issued (in shares) | 12,936,594 | ||
Reserved for issuance under plans (in shares) | 12,936,594 | ||
Common stock issued (in shares) | 0 | ||
Common Issued or Reserved for Issuance (in shares) | 12,936,594 | ||
Series B | |||
Temporary Equity [Line Items] | |||
Redeemable convertible preferred stock authorized (in shares) | 12,314,006 | ||
Redeemable convertible preferred stock issued (in shares) | 12,314,006 | ||
Reserved for issuance under plans (in shares) | 12,314,006 | ||
Common stock issued (in shares) | 0 | ||
Common Issued or Reserved for Issuance (in shares) | 12,314,006 | ||
Series C | |||
Temporary Equity [Line Items] | |||
Redeemable convertible preferred stock authorized (in shares) | 8,951,868 | ||
Redeemable convertible preferred stock issued (in shares) | 8,951,868 | ||
Reserved for issuance under plans (in shares) | 8,951,868 | ||
Common stock issued (in shares) | 0 | ||
Common Issued or Reserved for Issuance (in shares) | 8,951,868 | ||
Series D | |||
Temporary Equity [Line Items] | |||
Redeemable convertible preferred stock authorized (in shares) | 8,965,178 | ||
Redeemable convertible preferred stock issued (in shares) | 8,965,178 | ||
Reserved for issuance under plans (in shares) | 8,965,178 | ||
Common stock issued (in shares) | 0 | ||
Common Issued or Reserved for Issuance (in shares) | 8,965,178 | ||
Series E | |||
Temporary Equity [Line Items] | |||
Redeemable convertible preferred stock authorized (in shares) | 8,756,093 | ||
Redeemable convertible preferred stock issued (in shares) | 8,756,093 | ||
Reserved for issuance under plans (in shares) | 8,756,093 | ||
Common stock issued (in shares) | 0 | ||
Common Issued or Reserved for Issuance (in shares) | 8,756,093 | ||
Series F | |||
Temporary Equity [Line Items] | |||
Redeemable convertible preferred stock authorized (in shares) | 10,989,008 | ||
Redeemable convertible preferred stock issued (in shares) | 10,989,008 | ||
Reserved for issuance under plans (in shares) | 10,989,008 | ||
Common stock issued (in shares) | 0 | ||
Common Issued or Reserved for Issuance (in shares) | 10,989,008 | ||
Series F-1 | |||
Temporary Equity [Line Items] | |||
Redeemable convertible preferred stock authorized (in shares) | 11,994,668 | ||
Redeemable convertible preferred stock issued (in shares) | 11,994,668 | ||
Reserved for issuance under plans (in shares) | 11,994,668 | ||
Common stock issued (in shares) | 0 | ||
Common Issued or Reserved for Issuance (in shares) | 11,994,668 | ||
Common Stock | |||
Temporary Equity [Line Items] | |||
Reserved for issuance under plans (in shares) | 0 | ||
Common stock issued (in shares) | 145,327,001 | ||
Common Issued or Reserved for Issuance (in shares) | 145,327,001 |
Stock Option Plans - Narrative
Stock Option Plans - Narrative (Details) | Feb. 01, 2018shares | Mar. 31, 2017USD ($)hourshares | Mar. 31, 2017USD ($)shares | Jul. 31, 2015USD ($)shares | Jul. 31, 2015USD ($) | Jul. 31, 2017 | Jan. 31, 2018USD ($)$ / sharesshares | Jan. 31, 2017USD ($)$ / sharesshares | Jan. 31, 2016USD ($)$ / shares |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||
Increase in shares reserved for grant (in shares) | 32,000,000 | 10,001,250 | |||||||
Reserved for issuance under plans (in shares) | 1,054,672,999 | 121,843,312 | |||||||
Intrinsic value of exercised options | $ | $ 64,100,000 | $ 18,300,000 | $ 160,000,000 | ||||||
Weighted average grant date value of employee options (in dollars per share) | $ / shares | $ 8.67 | $ 9.37 | $ 15.54 | ||||||
Unamortized stock based compensation expense | $ | $ 11,000,000 | ||||||||
Employee Stock Option | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||
Option exercise price as percent of fair value (as a percent) | 100.00% | ||||||||
Award expiration period (in years) | 10 years | ||||||||
Award vesting period (in years) | 4 years | ||||||||
Average remaining vesting period (in years) | 1 year 6 months | ||||||||
Employee Stock Option | After one year | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||
Award vesting period (in years) | 1 year | ||||||||
Award vesting (as a percent) | 25.00% | ||||||||
Employee Stock Option | Remaining three years | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||
Award vesting period (in years) | 3 years | ||||||||
Restricted stock units | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||
Award vesting period (in years) | 4 years | ||||||||
Average remaining vesting period (in years) | 2 years 4 months 24 days | ||||||||
Stock-based compensation expense | $ | $ 16,600,000 | $ 19,700,000 | |||||||
Unamortized stock based compensation expense RSUs | $ | $ 247,200,000 | ||||||||
Restricted stock units | After one year | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||
Award vesting period (in years) | 1 year | ||||||||
Award vesting (as a percent) | 25.00% | ||||||||
Restricted stock units | Remaining three years | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||
Award vesting period (in years) | 3 years | ||||||||
Ten Percent Stockholder | Employee Stock Option | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||
Option exercise price as percent of fair value (as a percent) | 110.00% | ||||||||
Equity Incentive Plan 2008 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||
Increase in shares reserved for grant (in shares) | 2,000,000 | ||||||||
Reserved for issuance under plans (in shares) | 581,084 | ||||||||
Equity Incentive Plan 2008 | Restricted stock units | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||
Award vesting period (in years) | 4 years | ||||||||
Stock-based compensation expense | $ | $ 181,500,000 | ||||||||
Restricted stock vested (in shares) | 4,079,131 | ||||||||
Equity Incentive Plan 2017 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||
Stock reserved for grant (in shares) | 30,000,000 | 30,000,000 | |||||||
Restriction on increase to shares outstanding (as a percent) | 5.00% | ||||||||
Reserved for issuance under plans (in shares) | 25,617,508 | ||||||||
Equity Incentive Plan 2017 | Subsequent Event | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||
Increase in shares reserved for grant (in shares) | 7,266,350 | ||||||||
Employee Stock Purchase Plan 2017 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||
Restriction on increase to shares outstanding (as a percent) | 1.00% | ||||||||
Reserved for issuance under plans (in shares) | 3,000,000 | 3,000,000 | 2,270,850 | ||||||
Share purchase period | 6 months | ||||||||
Minimum weekly hours worked for plan eligibility | hour | 20 | ||||||||
Minimum months worked for plan eligibility | 5 months | ||||||||
Maximum ownership interest for plan participation (as a percent) | 5.00% | 5.00% | |||||||
Purchase price (as a percent) | 85.00% | ||||||||
Maximum stock value purchased | $ | $ 25,000 | $ 25,000 | |||||||
Maximum shares purchased (in shares) | 2,500 | ||||||||
Years for increasing shares included in plan | 10 years | ||||||||
Other accrued compensation | $ | $ 2,200,000 | ||||||||
Employee Stock Purchase Plan 2017 | Minimum | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||
Maximum payroll deduction (as a percent) | 1.00% | 1.00% | |||||||
Employee Stock Purchase Plan 2017 | Maximum | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||
Maximum payroll deduction (as a percent) | 15.00% | 15.00% | |||||||
Employee Stock Purchase Plan 2017 | Subsequent Event | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||
Reserved for issuance under plans (in shares) | 1,453,270 |
Stock Option Plans - Schedule
Stock Option Plans - Schedule of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands | Jan. 31, 2018 | Jan. 31, 2017 | Jan. 31, 2016 | Jan. 31, 2018 | Jan. 31, 2017 |
Shares Available for Grant | |||||
Shares available for grant, beginning of period (in shares) | 581,084 | 336,697 | |||
Additional shares reserved (in shares) | 32,000,000 | 10,001,250 | |||
Restricted stock activity, net (in shares) | (10,844,829) | (10,193,963) | |||
Granted (in shares) | (47,400) | (370,480) | |||
Canceled (in shares) | (328,116) | (808,462) | |||
Shares in lieu of taxes (in shares) | 3,600,767 | ||||
Plan shares expired (in shares) | (230) | (882) | |||
Shares available for grant, end of period (in shares) | 25,617,508 | 581,084 | 336,697 | 25,617,508 | 581,084 |
Options Outstanding | |||||
Options outstanding at the beginning of the period (in shares) | 23,239,679 | 24,835,286 | |||
Granted (in shares) | (47,400) | (370,480) | |||
Exercised (in shares) | (4,552,043) | (1,157,625) | |||
Canceled (in shares) | (328,116) | (808,462) | |||
Options outstanding at the end of the period (in shares) | 18,406,920 | 23,239,679 | 24,835,286 | 18,406,920 | 23,239,679 |
Options exercisable (in shares) | 17,291,561 | 17,291,561 | |||
Options vested or expected to vest (in shares) | 18,406,920 | 18,406,920 | |||
Weighted- Average Exercise Price | |||||
Options outstanding at the beginning of the period (in dollars per share) | $ 4.67 | $ 4.60 | |||
Granted (in dollars per share) | 20.10 | 17.85 | |||
Exercised (in dollars per share) | 2.67 | 3.10 | |||
Canceled (in dollars per share) | 14.23 | 10.74 | |||
Options outstanding at the end of the period (in dollars per share) | $ 5.03 | $ 4.67 | $ 4.60 | 5.03 | $ 4.67 |
Options exercisable (in dollars per share) | 4.38 | 4.38 | |||
Options vested or expected to vest (in dollars per share) | $ 5.03 | $ 5.03 | |||
Weighted-Average Remaining Contractual Term (Years) | |||||
Weighted-Average Remaining Contractual Term (Years) | 5 years 3 months 18 days | 6 years | 6 years 10 months 24 days | ||
Weighted average remaining contractual term, exercisable (in years) | 5 years 1 month 6 days | ||||
Weighted average remaining contractual term, vested or expected to vest (in years) | 5 years 3 months 18 days | ||||
Share Based Compensation Arrangement by Share-based Payment Award, Aggregate Intrinsic Value [Roll Forward] | |||||
Aggregate Intrinsic Value Beginning of Period | $ 319,016 | $ 497,338 | |||
Aggregate intrinsic value exercisable | $ 248,344 | 248,344 | |||
Aggregate intrinsic value, vested or expected to vest | 252,571 | 252,571 | |||
Aggregate Intrinsic Value End of Period | $ 252,571 | $ 319,016 | $ 497,338 | $ 252,571 | $ 319,016 |
Stock Option Plans - Schedule o
Stock Option Plans - Schedule of Weighted Average Assumptions in Calculating Option Fair Value (Details) | 12 Months Ended | ||
Jan. 31, 2018 | Jan. 31, 2017 | Jan. 31, 2016 | |
Employee Stock Option | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Volatility (as a percent) | 45.30% | 47.90% | 44.30% |
Risk-free interest rate (as a percent) | 2.00% | 2.00% | 1.70% |
Expected term (in years) | 6 years 1 month 6 days | 6 years | 6 years 1 month 6 days |
Expected dividends (as a percent) | 0.00% | 0.00% | 0.00% |
Employee Stock Purchase Plan | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Volatility (as a percent) | 32.90% | ||
Risk-free interest rate (as a percent) | 1.20% | ||
Expected term (in years) | 7 months 8 days | ||
Expected dividends (as a percent) | 0.00% |
Stock Option Plans - Schedule54
Stock Option Plans - Schedule of Restricted Stock Activity (Details) - Restricted stock units - $ / shares | 12 Months Ended | |
Jan. 31, 2018 | Jan. 31, 2017 | |
Number of Restricted Stock Units | ||
Number of Restricted Stock Units Outstanding Beginning of Period (in shares) | 21,374,022 | 11,228,365 |
Granted (in shares) | 12,881,176 | 12,152,584 |
Canceled (in shares) | (2,037,598) | (1,958,621) |
Vested and converted to shares (in shares) | (9,974,266) | (48,306) |
Number of Restricted Stock Units Outstanding End of Period (in shares) | 22,243,334 | 21,374,022 |
Weighted- Average Grant Date Fair Value Per Share | ||
Weighted- Average Grant Date Fair Value Per Share Beginning of Period (in dollars per share) | $ 22.36 | $ 26.17 |
Granted (in dollars per share) | 16.93 | 19.25 |
Canceled (in dollars per share) | 15.63 | 25.03 |
Vested and converted to shares (in dollars per share) | 15.15 | 24.85 |
Weighted- Average Grant Date Fair Value Per Share End of Period (in dollars per share) | $ 16.08 | $ 22.36 |
Income taxes - Schedule of Dome
Income taxes - Schedule of Domestic and Foreign Components of Loss before Provision for Income Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 31, 2018 | Jan. 31, 2017 | Jan. 31, 2016 | |
Income Tax Disclosure [Abstract] | |||
Domestic | $ (388,587) | $ (187,905) | $ (204,713) |
Foreign | 4,873 | 2,775 | 2,680 |
Net loss before provision for income taxes | $ (383,714) | $ (185,130) | $ (202,033) |
Income taxes - Schedule of Comp
Income taxes - Schedule of Components of Provision for Income Tax (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 31, 2018 | Jan. 31, 2017 | Jan. 31, 2016 | |
Current: | |||
Federal | $ 0 | $ 0 | $ 0 |
State | (112) | (140) | (177) |
Foreign | (3,097) | (2,011) | (940) |
Total current tax expense | (3,209) | (2,151) | (1,117) |
Deferred: | |||
Federal | 917 | (108) | 0 |
State | 0 | 0 | 0 |
Foreign | 213 | 72 | 7 |
Total deferred tax expense | 1,130 | (36) | 7 |
Total provision for income taxes | $ (2,079) | $ (2,187) | $ (1,110) |
Income taxes - Narrative (Deta
Income taxes - Narrative (Details) - USD ($) | 6 Months Ended | 12 Months Ended | |||
Jul. 31, 2017 | Jan. 31, 2018 | Jan. 31, 2017 | Jan. 31, 2016 | Jan. 31, 2015 | |
Operating Loss Carryforwards [Line Items] | |||||
Federal statutory rate (as a percent) | 34.00% | ||||
Provisional tax expense re-measurement of deferred taxes | $ 132,400,000 | ||||
Undistributed earnings of foreign subsidiaries | $ 4,800,000 | ||||
Increase in valuation allowance | 71,800,000 | 60,000,000 | |||
Deferred tax valuation allowance increase | 297,274,000 | 225,495,000 | |||
Deferred tax assets increase | 298,227,000 | 226,596,000 | |||
Interest and penalties related to income tax matters | 0 | ||||
Tax provision | 2,079,000 | 2,187,000 | $ 1,110,000 | ||
Unrecognized tax benefits | 11,700,000 | $ 9,600,000 | $ 6,500,000 | $ 4,200,000 | |
Unrecognized tax benefits that if recognized would impact the effective rate | 900,000 | ||||
Accounting Standards Update 2016-09 | |||||
Operating Loss Carryforwards [Line Items] | |||||
Deferred tax valuation allowance increase | 53,500,000 | ||||
Deferred tax assets increase | 53,500,000 | ||||
Federal | |||||
Operating Loss Carryforwards [Line Items] | |||||
Operating loss carryforwards | 810,900,000 | ||||
Research and development credits and other credits | 20,300,000 | ||||
State | |||||
Operating Loss Carryforwards [Line Items] | |||||
Research and development credits and other credits | 17,800,000 | ||||
State | California | |||||
Operating Loss Carryforwards [Line Items] | |||||
Operating loss carryforwards | 231,100,000 | ||||
State | Other State Board | |||||
Operating Loss Carryforwards [Line Items] | |||||
Operating loss carryforwards | $ 268,500,000 |
Income taxes - Reconciliation o
Income taxes - Reconciliation of Income Taxes at Statutory Federal Income Tax Rate to Provision for Income Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 31, 2018 | Jan. 31, 2017 | Jan. 31, 2016 | |
Income Tax Disclosure [Abstract] | |||
U.S. federal statutory income tax | $ 129,737 | $ 62,944 | $ 68,691 |
Research tax credits | 7,976 | 2,235 | 1,605 |
Stock-based compensation | (5,124) | (4,340) | (11,060) |
Change in valuation allowance | (2,543) | (54,823) | (60,318) |
Donation of common stock to the Cloudera Foundation | 0 | (7,335) | 0 |
Federal tax rate change | (132,387) | 0 | 0 |
Other | 262 | (868) | (28) |
Total provision for income taxes | $ (2,079) | $ (2,187) | $ (1,110) |
Income taxes - Schedule of Defe
Income taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Jan. 31, 2018 | Jan. 31, 2017 |
Deferred tax assets: | ||
Accruals and reserves | $ 12,657 | $ 12,282 |
Deferred revenue | 25,057 | 26,509 |
Net operating loss carryforward | 202,286 | 165,873 |
Research and development credits and other credits | 27,480 | 12,009 |
Stock-based compensation | 30,747 | 9,923 |
Gross deferred tax assets | 298,227 | 226,596 |
Less valuation allowance | (297,274) | (225,495) |
Total deferred tax assets | 953 | 1,101 |
Deferred tax liabilities: | ||
Depreciation and amortization | (510) | (872) |
Gross deferred tax liabilities | (510) | (872) |
Net deferred tax assets | $ 443 | $ 229 |
Income taxes - Schedule of Chan
Income taxes - Schedule of Changes in Gross Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jan. 31, 2018 | Jan. 31, 2017 | Jan. 31, 2016 | |
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | |||
Balance as of beginning of year | $ 9,600 | $ 6,500 | $ 4,200 |
Tax positions taken in current period gross increases | 2,100 | 3,100 | 2,300 |
Balance as of end of year | $ 11,700 | $ 9,600 | $ 6,500 |
Related Party Transactions - N
Related Party Transactions - Narrative (Details) - USD ($) | May 03, 2017 | Jan. 31, 2017 | Jan. 31, 2018 | Jan. 31, 2017 | Jan. 31, 2016 |
Related Party Transaction [Line Items] | |||||
Donation of common stock to the Cloudera Foundation | $ 21,574,000 | ||||
Affiliated Entity | Intel Corporation | |||||
Related Party Transaction [Line Items] | |||||
Ownership interest (as a percent) | 22.00% | 18.00% | 22.00% | ||
Affiliated Entity | Intel Corporation | Revenue from Affiliated Companies | |||||
Related Party Transaction [Line Items] | |||||
Revenue from related party | $ 11,400,000 | $ 8,300,000 | $ 5,400,000 | ||
Affiliated Entity | Intel Corporation | Accounts Receivable from Affiliated Companies | |||||
Related Party Transaction [Line Items] | |||||
Accounts receivable related party | $ 2,300,000 | 0 | 2,300,000 | ||
Affiliated Entity | Intel Corporation | Deferred Revenue from Affiliated Companies | |||||
Related Party Transaction [Line Items] | |||||
Deferred revenue | $ 2,100,000 | 2,700,000 | 2,100,000 | ||
Affiliated Entity | Cloudera Foundation | Donation to Non-Profit Affiliate | |||||
Related Party Transaction [Line Items] | |||||
Donated common shares (in shares) | 1,175,063 | ||||
Cash donation | $ 2,400,000 | ||||
IPO proceeds donated (as a percent) | 1.00% | ||||
Affiliated Entity | Other Related Parties | Revenue from Affiliated Companies | |||||
Related Party Transaction [Line Items] | |||||
Revenue from related party | 7,400,000 | 5,500,000 | $ 2,400,000 | ||
Affiliated Entity | Other Related Parties | Accounts Receivable from Affiliated Companies | |||||
Related Party Transaction [Line Items] | |||||
Accounts receivable related party | $ 4,500,000 | 1,500,000 | 4,500,000 | ||
Affiliated Entity | Other Related Parties | Deferred Revenue from Affiliated Companies | |||||
Related Party Transaction [Line Items] | |||||
Deferred revenue | $ 5,500,000 | $ 5,200,000 | 5,500,000 | ||
Additional Paid-In Capital | |||||
Related Party Transaction [Line Items] | |||||
Donation of common stock to the Cloudera Foundation | $ 21,574,000 |
Segment Information - Schedule
Segment Information - Schedule of Financial Information by Reportable Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Jan. 31, 2018 | Oct. 31, 2017 | Jul. 31, 2017 | Apr. 30, 2017 | Jan. 31, 2017 | Oct. 31, 2016 | Jul. 31, 2016 | Apr. 30, 2016 | Jan. 31, 2018 | Jan. 31, 2017 | Jan. 31, 2016 | |
Segment Reporting Information [Line Items] | |||||||||||
Total revenue | $ 103,450 | $ 94,569 | $ 89,828 | $ 79,596 | $ 72,827 | $ 67,258 | $ 64,456 | $ 56,485 | $ 367,443 | $ 261,026 | $ 166,048 |
Contribution margin | 268,307 | 179,264 | 100,081 | ||||||||
Subscription | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Total revenue | 301,022 | 200,252 | 119,150 | ||||||||
Contribution margin | 257,176 | 164,971 | 93,380 | ||||||||
Services | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Total revenue | 66,421 | 60,774 | 46,898 | ||||||||
Contribution margin | $ 11,131 | $ 14,293 | $ 6,701 |
Segment Information - Reconcili
Segment Information - Reconciliation of Segment Financial Information to Loss from Operations (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||||||||||
Jan. 31, 2018 | Oct. 31, 2017 | Jul. 31, 2017 | Apr. 30, 2017 | Jan. 31, 2017 | Oct. 31, 2016 | Jul. 31, 2016 | Apr. 30, 2016 | Jan. 31, 2018 | Jan. 31, 2017 | Jan. 31, 2016 | ||
Segment Reporting Information [Line Items] | ||||||||||||
Contribution margin | $ 268,307 | $ 179,264 | $ 100,081 | |||||||||
Amortization of acquired intangible assets | (3,700) | (3,700) | (3,500) | |||||||||
Donation of common stock to the Cloudera Foundation | 21,574 | |||||||||||
Corporate costs, such as research and development, corporate general and administrative and other | [1],[2],[3] | (599,701) | (361,377) | (295,322) | ||||||||
Loss from operations | $ (45,678) | $ (56,590) | $ (65,685) | $ (222,340) | $ (61,048) | $ (43,988) | $ (38,787) | $ (43,516) | (390,293) | (187,339) | (204,637) | |
Operating Segments | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Contribution margin | 268,307 | 179,264 | 100,081 | |||||||||
Corporate, Non-Segment | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Amortization of acquired intangible assets | (3,723) | (3,720) | (3,455) | |||||||||
Stock-based compensation expense | (290,006) | (21,714) | (63,590) | |||||||||
Donation of common stock to the Cloudera Foundation | 0 | (21,574) | 0 | |||||||||
Corporate costs, such as research and development, corporate general and administrative and other | $ (364,871) | $ (319,595) | $ (237,673) | |||||||||
[1] | Amounts include amortization of acquired intangible assets as follows (in thousands): Year Ended January 31, 2018 2017 2016Cost of revenue – subscription $2,230 $1,997 $1,732Sales and marketing 1,493 1,723 1,723 | |||||||||||
[2] | Amounts include stock‑based compensation expense as follows (in thousands): Year Ended January 31, 2018 2017 2016 Cost of revenue – subscription $24,826 $1,426 $3,363Cost of revenue – services 31,843 1,803 4,301Research and development 100,143 5,606 23,048Sales and marketing 90,420 5,757 19,187General and administrative 42,774 7,122 13,691 | |||||||||||
[3] | In January 2017, we donated 1,175,063 shares of common stock to the Cloudera Foundation. We recorded a non‑cash charge of $21.6 million for the fair value of the donated shares, which was recognized in general and administrative expense for the year ended January 31, 2017. See Note 10 for further discussion. |
Segment Information - Narrative
Segment Information - Narrative (Details) - Non-US - Geographic Concentration | Jan. 31, 2018 | Jan. 31, 2017 | Jan. 31, 2018 | Jan. 31, 2017 | Jan. 31, 2016 |
Total Revenue | |||||
Concentration Risk [Line Items] | |||||
Concentration risk (as a percent) | 28.00% | 25.00% | 21.00% | ||
Total Assets | |||||
Concentration Risk [Line Items] | |||||
Concentration risk (as a percent) | 4.00% | 3.00% |
Net Loss Per Share - Schedule
Net Loss Per Share - Schedule of the Calculation of Basic and Diluted Net Loss Per Share Attributable to Common Stockholders (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Jan. 31, 2018 | Oct. 31, 2017 | Jul. 31, 2017 | Apr. 30, 2017 | Jan. 31, 2017 | Oct. 31, 2016 | Jul. 31, 2016 | Apr. 30, 2016 | Jan. 31, 2018 | Jan. 31, 2017 | Jan. 31, 2016 | |
Numerator: | |||||||||||
Net loss | $ (43,907) | $ (55,338) | $ (64,229) | $ (222,319) | $ (61,432) | $ (44,045) | $ (38,727) | $ (43,113) | $ (385,793) | $ (187,317) | $ (203,143) |
Denominator: | |||||||||||
Weighted-average shares used in computing net loss, basic and diluted (in shares) | 114,141 | 36,406 | 32,724 | ||||||||
Net loss per share, basic and diluted (in dollars per share) | $ (0.31) | $ (0.40) | $ (0.48) | $ (5.78) | $ (1.67) | $ (1.20) | $ (1.07) | $ (1.20) | $ (3.38) | $ (5.15) | $ (6.21) |
Net Loss Per Share - Schedul66
Net Loss Per Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares shares in Thousands | Jan. 31, 2018 | Jan. 31, 2017 | Jan. 31, 2016 |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Antidilutive securities (in shares) | 41,172 | 119,521 | 110,970 |
Redeemable convertible preferred stock on an as-if converted basis | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Antidilutive securities (in shares) | 0 | 74,907 | 74,907 |
Stock options to purchase common stock | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Antidilutive securities (in shares) | 18,407 | 23,240 | 24,835 |
Restricted stock units | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Antidilutive securities (in shares) | 22,243 | 21,374 | 11,228 |
Shares issuable pursuant to the ESPP | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Antidilutive securities (in shares) | 522 | 0 | 0 |
Selected Quarterly Financial 67
Selected Quarterly Financial Data (unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Jan. 31, 2018 | Oct. 31, 2017 | Jul. 31, 2017 | Apr. 30, 2017 | Jan. 31, 2017 | Oct. 31, 2016 | Jul. 31, 2016 | Apr. 30, 2016 | Jan. 31, 2018 | Jan. 31, 2017 | Jan. 31, 2016 | |
Quarterly Financial Information Disclosure [Abstract] | |||||||||||
Revenue | $ 103,450 | $ 94,569 | $ 89,828 | $ 79,596 | $ 72,827 | $ 67,258 | $ 64,456 | $ 56,485 | $ 367,443 | $ 261,026 | $ 166,048 |
Gross profit | 70,623 | 61,443 | 57,858 | 19,484 | 50,652 | 44,819 | 43,117 | 35,450 | 209,408 | 174,038 | 90,685 |
Loss from operations | (45,678) | (56,590) | (65,685) | (222,340) | (61,048) | (43,988) | (38,787) | (43,516) | (390,293) | (187,339) | (204,637) |
Net loss | $ (43,907) | $ (55,338) | $ (64,229) | $ (222,319) | $ (61,432) | $ (44,045) | $ (38,727) | $ (43,113) | $ (385,793) | $ (187,317) | $ (203,143) |
Net loss per share, basic and diluted (in dollars per share) | $ (0.31) | $ (0.40) | $ (0.48) | $ (5.78) | $ (1.67) | $ (1.20) | $ (1.07) | $ (1.20) | $ (3.38) | $ (5.15) | $ (6.21) |