DigitalOcean Results Presentation Deck
ņ Non-GAAP Diluted Net Income per Share
Three Months Ended
June 30,
(In thousands, except per share amounts)
GAAP Net income (loss) per share attributable to
common stockholders, diluted
Stock-based compensation
Acquisition related compensation
Amortization of acquired intangible assets
Acquisition and integration related costs
Impairment of long-lived assets
Restructuring and other charges
Restructuring related charges
Non-cash charges related to convertible
notes
Income tax effects of non-GAAP
adjustments
Non-GAAP Net income per share, diluted
GAAP weighted-average shares used to compute
net income (loss) per share, diluted
Weighted-average dilutive effect of potentially
dilutive securities
Non-GAAP weighted-average shares used to
compute net income per share, diluted
2023
0.01 $
0.35
0.07
0.04
0.01
0.01
0.01
(0.06)
0.44 $
96,247
8,403
104,650
2022
(0.07) $
0.23
0.01
0.01
0.02
0.20 $
102,502
17,353
119.855
Six Months Ended
June 30,
2023
(0.17) S
0.60
0.14
0.07
0.03
0.01
0.20
0.03
0.03
(0.22)
0.72 S
92,327
15,583
107,910
2022
(0.24)
0.45
0.01
0.02
0.03
0.27
104,697
18,534
123,231
(1) Primarily consists of salary
continuation charges.
(2) Previously, we calculated the income
tax effects of non-GAAP adjustments
based on the applicable statutory tax
rate for the relevant jurisdiction, except
for those items which were non-taxable
or subject to valuation allowances for
which the tax expense
was
calculated at 0%. Prior to fiscal year
2023, U.S income tax effects of
non-GAAP adjustments were subject to a
valuation allowance and, therefore,
were taxed at 0%. Beginning January 1,
2023, the Company projects to be a U.S.
taxpayer and will use a long term fixed
forecasted rate of 17% on non-GAAP
pre-tax income for 2023.
(3) Consists of non-cash interest
expense for amortization of deferred
financing fees related to the Convertible
Notes.
(4) Consists of the potentially dilutive
effects of our stock options, RSUS,
PRSUS, and Convertible Notes. In periods
with a GAAP net loss position, these are
excluded from GAAP weighted-average
shares.
digitalocean.com
21View entire presentation