DigitalOcean Results Presentation Deck
ņ Adjusted Free Cash Flow and Adjusted Free Cash Flow Margin
(In thousands)
GAAP Net cash provided by operating activities $
Adjustments:
Capital expenditures - property and equipment
Capital expenditures - internal-use software
development
Purchase of intangible assets
Restructuring and other charges
Acquisition related compensation
Restructuring related charges(¹)
Acquisition and integration related costs
Adjusted free cash flow
As a percentage of revenue:
GAAP Net cash provided by operating
activities
Adjusted free cash flow margin
$
Three Months Ended
September 30,
2023
54,050 $
(20,229)
(1,180)
848
16,851
1,231
4,506
56,077
31 %
32%
$
2022
55,845
(30,989)
(2,263)
$
1,021
23,614 $
37 %
16 %
Nine Months Ended
September 30,
2023
154,426 $
(67,077)
(4,075)
16,774
16,851
3,958
6,067
126,924 $
30 %
25 %
2022
132,318
(79,679)
(6,593)
(4,915)
1,332
42,463
32%
10%
1) Primarily consists of salary
continuation charges and
executive reorganization charges,
including CEO search firm fees
and other legal and professional
service costs.
digitalocean.com
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