for you, we are I our reminder the Thank this Drew. a Star financial context we focus provides what as where and thesis begin on want North our and of headed. to investment with
shareholders increased of capital Here growth, our acquisitions by align free financial investment portion targets. targeting significant to doubling $XXX revenue the flow our quarter against for improvements organic to our are generate strategic to full through core execution our value and the thesis; believe demonstrate against talk repurchases investing continued progress our and revenue these and returning XXXX share of We to year that annual to XX% objectives this annually cash billion context, shareholders. margins capital and our long-term goal share long-term reducing year-over-year initiatives a for annual flow allocating like of operating fourth our in count. cash with XX% free principles continued the allocating XX%, to driving objectives to $X by fourth results, million. that will our with quarter for With XXXX, which Total I'd
an year-over-year. year-over-year billion, quarter have for not period. fourth did up ARR revenue Total was rates impact exchange for $X.XXX Foreign on this growth the XX%
We and drive ended approximately features, Average growth the paying users HelloSign in $XXX.XX. XX.XX SKUs new release the and of ARR growth value-enhancing quarter of and in the million the per plans. products to the We for across paying subscription added paying XXX,XXX through introduction revenue with add-on continued quarter. continued new user was year users fourth
had wanted Before products adoption to we in fourth in the I turn the highlight the P&L, add-on had of team XXXX. I introduced to some driving the customer wins where new we success quarter that
data how United large cloud-based pleased with provide field First, in governance teams such secure, collaborate would of customer. that transform on-site they our with announce work project one providers are selected finding Dropbox They and how and their that largest and turned company along ensure class, we solution to the technicians a their to Dropbox a to add-on managers and solution we files. the States was content signed workers. as for to storage field energy to security on the highly-sensitive Committed best Dropbox in IT modernize a
and length requirements a part the company governance the of adhere Given solution. that to, of our must add-on projects compliance was the data critical
securely costly space infrastructure. ability will empower their media on-premise XXXXheads creative add-on along consolidate workflows. is move content Europe. of have and critical of workforce creative a and collaborative Another the the strategy on their Creative the data processes. was approached their part is for to Dropbox Paper Tools a puzzle global making piece as their of their with will as highlight XXXXheads content win exciting XXXXheads to company be most and secure from part operational a based one Creative in-house. their creative in XXXXheads Group, manage standardizing away Tools while the By in of XXXXheads single to Dropbox all XX% created and
of to years XX access previous into to these company ability content. allows for inspiration data and campaigns the addition, In dip historical creatives
income I mentioned that intangibles, acquisition measures continue an of stock-based to the non-GAAP further indicated, of note related discussion assets. unless compensation, amortization statement and and impairment all certain with are our we of Before otherwise expenses to real would purchased of P&L, our estate HelloSign like excludes
with income Investor with on net Relations X-K losses today and SEC our also filed in may and GAAP gains tax earnings equity excludes in of supplemental income the the was includes net effect non-GAAP the A investments results materials aforementioned Our reconciliation furnished our and which of on non-GAAP the posted be website. found adjustments. release, Form investor to our
be used investor our expect part in our we charge supplemental our call recorded our to taking the regarding steps portfolio XXXX. this in portion as impairment quarter, million moving vast full we First also recording may we real the Virtual assets real the an related reminder, that previously $XXX the in assumptions incurred be range de-cost guidance the of our of our shared rate impairment are of to lease incurred in facilities. information to work on with we value Additional $XXX majority charge related anticipated estate subleasing fourth impairment a charge our the to obligations an existing assets One We found third in our XXXX estate quarter materials. a million. fourth $XXX and million as quarter model, real be to estate to earnings of to by of not do In of recover exchange to
and economic European to months, over $XX expect the current XX conditions. the depending range market and zero to to continue We between next incur million relating charges which leases could additional then certain on
in primarily of margin margin quarter, year-over-year on an infrastructure our let’s improvement was is gross percentage representing for a result basis. a of unit increase our X P&L. points the Now efficiency Gross with gains continue cost XX% The hardware. the with
that fourth driven real working in Turning from of write-down our revenue, reduction which facilities $XXX our costs, like from employees the I’d Fourth to XX% was in a from million categories to home, result stemming operating by our the as expense well of expense expenses. in G&A expense XXXX. the lower XX% XXXX. of all to and which X% a million quarter of $XXX compared million or of note to quarter in assets or related which QX or was depreciation quarter benefited revenue estate as in fourth as impairment. R&D decreased in of of revenue Sales XX% of to the quarter revenue, marketing $XX of decreased compared the XX% XX% of decreased compared revenue expense revenue was fourth XXXX.
lower to addition tax from overhead, G&A non-income certain reserves. of benefited non-recurring releases In
over improvement As of represented which fourth quarter the million, we compares XX%. EPS margin the share quarter shares a quarter per for XX% XX% the of margin outstanding, diluted $XXX fourth the which from profit based to million in XXX fourth on $XXX of up per share a $X.XX in quarter income Diluted fourth is was earned XXXX. in operating the operating of result, operating quarter, fourth XXXX. This for was million XXXX. average $X.XX weighted Net
quarter. our Moving resulted flow operations cash cash quarter leases added short-term $XX and during on the billion. we in flow. balance center data In million quarter, to equipment. in Capital of for quarter fourth fourth from $XXX million or finance free Cash the XX% of million million cash cash was $XXX flow revenue. and $XX $X.XXX of We with ended the expenditures of the to investments
repurchase the our intention million with million this repurchased In XX potential our fourth shares the authorization addition, quarter pace exhaust under in with line which the we this our spending we the $XXX authorization In to shares of of repurchase first million. the shared call, to end third during share at by increase $XXX quarter we quarter existing XXXX. intention
was billion, Gross XX% relative was totaled and from was of investment Cash which XXXX across operations million. $X.XXX Now been let's XX% points percentage revenue rates full-year XXXX. points margin full X thesis. improvement yielded ability XX% up XXXX. our average year-over-year for was have $XXX XX%. the expenditures turn which free year, for up XXXX basis significant results. million growth for our to demonstrates would cash XXXX revenue. the XXXX, representing year-over-year On against million our the which flow to XX% year This execute Total growth. $XXX from of X XXXX constant was for Operating $XX year-over-year or from flow was margin commitment percentage currency for a to Capital
XXXX consideration headquarter cash the million, Excluding In allowances of net spend payout XXXX $XX revenue. of XX% we $XXX million improvement our flow $XXX now million for guidance. $XX million by $XX lines tenant holdback have deal equipment. and also been of HelloSign of would or of Net free our data increased finance lease to lease I’d our million. introduce center finance quarter added to and like for repayments, balance first full-year
in XXXX, For recent million. a expect to account for based average to the and range in midpoint of exchange guidance points first be this on at quarter $XXX combination guidance X.X the of are of the Currency and of million $XXX this historical assumed growth rates. we approximate revenue of rates an quarter
non-GAAP margin in to severance in This approximately XX.X% of be expect XX%. related in impacted the million operating the paid guidance range QX. to margin reduction We by to $XX force a benefits employees and excludes to
in range average million to XXX the trailing average diluted expect XXX Finally, our shares to XX-day shares million we of be share outstanding weighted price. on based
we guidance X to year and billion. be full to combination points based year expect in midpoint rates. $X.XXX the an rates at of in approximate of historical $X.XXX guidance a the account Currency range and average on XXXX, this for revenue exchange of billion this the growth of For recent are assumed
be to margin X gross expect point approximately than fiscal higher We XXXX.
This also XX%. QX. severance the non-GAAP paid operating XX% range to in excludes We be benefits the of expect in margin aforementioned to
to million deal force. approximately of of cash and our cash severance XXXX We $XXX the our acquisition related million includes of HelloSign of $XX comprised to range in to for outflows, be $XX reduction payments in million. million This $XX of flow million to in installments free one-time holdback expect consideration $XXX the related
million be This our XXXX shares expect to of impact to and the range weighted shares. to share our commitment program. diluted count in the XXX million repurchase in average our XXX share reflects outstanding reduction we Finally, of
In addition guidance, formal wanted expectations our on for this to to some further XXXX. share I thoughts
formally to context expectations While want we for in I metric on provide paying guide don't our users, some this to XXXX.
is and in As without drive efficient over paying growth ARPU. profitable to either ARR ways in indexing specifically a objective our on or growing reminder, users
seat part motions costs As additions. this customers. as which acquisition the expand intend also we plan could the our are behind average greater workforce Conversely, which land go-to-market are opportunities most pursuit and we customization, could that and higher efficient consider business we minimize our lead signals strategy to the are additions certain self-serve mid-market lower user and and carry of and of reduction, higher prioritizing user across prices, lower quarters. positive our small of individual, we seeing of to in adoption Family paying to from degrees our lead early paying which Accordingly,
in capital and to in while focus more additions to strengths variability future. paying that existing million be our new see our our our CapEx to million XXXX. $XX cash efficient in revenue in approximately the our expect $XX expect finance additions user the of we may X% engage in we strategies range result, will of go-to-market Overall, in products. and expenditures, on Separately as investing a to to As us we be we most leases related continue to to allow our
program of to authorized XXXX. plan still want previously plan the first We in to repurchases. to capital our exhaust share shareholders the return our $XXX reiterate million in of quarter Lastly, to share I form repurchase
In progress on targets $X in flow In and a our portion addition, repurchases, of has of and allocate our to investment keep count. our for consistent authorized thesis. our an free XXXX achieve with goal us repurchase the XXXX billion to to our plan significant share our long-term our with annual additional reducing trajectory Board our conclusion, share cash program strategy share a
and intend to While targets growth. are sustainable this approaching margin continue revenue we for invest gross to year, our margin operating we
target of billion. may savings growth Drew reinvest our some $X the now sharing cash As forward are a look efficiency XXXX to turn we committed that it closing to remarks. to progress for back therefore model our we initiatives With result, of that, our from opportunities. goal free remain way. and our generating I’ll flow We into the along We
