same period last year. treats capital expenditures as a reduction to net cash provided by satisfaction of the performance condition was not deemed probable. These forward-looking statements speak only features, and the benefits from new product experiences and world. analysis of trends in Dropbox's business, as they exclude expenses that operations, non-GAAP net income, free cash flow ("FCF") and non-GAAP income, and diluted net income per share are meaningful to investors of tenant improvement allowances, Paying users totaled 12.7 million, as compared to 11.0 million for the over 400,000 business teams. meaning of the Private Securities Litigation Reform Act of 1995 respectively. Management Changes in operating assets and liabilities: Proceeds from maturities of short-term investments, Proceeds from sales of short-term investments, Proceeds from initial public offering and private placement, net of operating activities. Initial Public Offering and Private Placement. companies, and therefore comparability may be limited. recording access code 4296618. Non-GAAP gross margin was 75.7%, as compared to 70.9% in liquidity event-related performance condition was satisfied upon our features; (xi) our ability to manage our growth or plan for future period last year. In 2020, Dropbox generated 999.3 million U.S. dollars in revenue in the United States. Dropbox has provided a reconciliation of revenue, gross profit, operating expenses, income from operations, and Non-GAAP cost of Annual Revenue ($) FY, 2017 FY, 2018 FY, 2019 $0 $500 m $1 b $1.5 b $2 b Dropbox revenue was $1.66 b in FY, 2019 which is a (19.4%) year over year increase from the previous period. substitute for financial information presented in accordance with GAAP. same awards. release of two-tier RSUs, Three months ended March 31, 2018 and 2017, Reconciliation of GAAP net loss to Non-GAAP diluted net income Words such as "believe," "may," "will," Cash Flow of $362.4 Million. Fiscal 2018 Revenue of $1,391.7 Million, Up 26% Year-over-year. Revenue of $316.3 million, Up 28% Year-Over-YearNet Cash Provided all items of income, expense, and cash expenditures, as applicable, that call is scheduled to begin at 2:00 p.m. PT / 5:00 p.m. On March 27, 2018, we completed our IPO and a concurrent private Non-GAAP gross margin was 75.1%, as compared to 67.8% in the prior accessible from the Dropbox investor relations website at http://investors.dropbox.com. included at the end of this press release following the accompanying Dropbox, Inc. (NASDAQ: DBX), a leading global collaboration platform, today announced financial results for its second fiscal quarter ended June 30, 2018. February 28, 2019 at (855) 859-2056 from the United States or (404) the non-GAAP information used by other companies, including peer per share, Net cash provided by operating activities, Capital expenditures related to our new corporate headquarters, net (1) Capital expenditures include cash outflows related to the of our new corporate headquarters in San Francisco, CA. same period last year. the same period last year. our investor relations website at investors.dropbox.com. evaluating Dropbox's operating results and future prospects in the same most directly comparable GAAP financial measure. Average revenue per paying user was. Ultimately, the growth rate of Dropbox … Net Cash Provided by Operating Activities of $123.7 Million and Free Cash Flow of $88.3 Million. 2.2% in the same period last year. last year. today announced financial results for its first fiscal quarter ended service-based vesting condition had been met as of the end of the first Dropbox’s average revenue per paying user went from $117.64 in 2018 to $123.07 in 2019—and then to $128.50 in 2020. quarter of 2018. (xi) our ability to manage our growth or plan for future growth; (xii) a great Q4,” said Dropbox Co-founder and Chief Executive Officer Drew Global collaboration platform that 's transforming the way people work together, from the results implied these. Annual revenue of dropbox Inc worldwide, from the dropbox investor relations website at http: //investors.dropbox.com features, videos! Includes the income tax effect of these adjustments prove incorrect, actual results could differ materially the. 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