DigitalOcean Results Presentation Deck
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Non-GAAP Net Income
(In thousands, except per share amounts)
GAAP Net income (loss) attributable to common
stockholders
Stock-based compensation
Acquisition related compensation
Amortization of acquired intangibles
Acquisition and integration related costs
Loss on extinguishment of debt
Impairment of long-lived assets
Restructuring and other charges
Restructuring related charges(¹)
Income tax effects of non-GAAP
adjustments
Non-GAAP Net income
$
Three Months Ended
June 30,
2023
665 $
36,429
6,980
3,790
1,446
434
820
(5,844)
44,720 S
2022
(6,759) $
28,183
564
214
683
(27)
22,858 $
Six Months Ended
June 30,
2023
(15,705) $
64,023
14,581
7,580
2,747
553
21,303
2,727
(23,404)
74.405 $
2022
(25,327)
54,164
1,026
168
407
1,591
282
32,311
(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
(benefit) 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.
digitalocean.com
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