Nutanix Q1 2024 10-Q Filing

TL;DR

Nutanix Q1 10-Q filed: Assets, liabilities, and equity details updated. Check financials.

AI Summary

Nutanix, Inc. filed its 10-Q for the period ending October 31, 2024, reporting on its financial performance. The filing details various financial statement line items, including property, plant, and equipment, accrued liabilities, and other noncurrent liabilities. It also references fair value measurements for different financial instruments and equity components, such as common stock and phantom share units.

Why It Matters

This filing provides investors with a quarterly update on Nutanix's financial health and asset valuation, crucial for understanding the company's operational status.

Risk Assessment

Risk Level: medium — The filing contains detailed financial information, including fair value measurements and equity components, which can be complex and require careful analysis to assess risk.

Key Numbers

• 0731 — Fiscal Year End (Indicates the end of Nutanix's fiscal year)
• 2024-10-31 — Reporting Period End Date (Specifies the end date for the financial data presented)
• 20241205 — Filing Date (Date the 10-Q was officially filed with the SEC)

Key Players & Entities

• Nutanix, Inc. (company) — Filer of the 10-Q report
• 2024-10-31 (date) — End of the reporting period
• 1740 TECHNOLOGY DRIVE (address) — Nutanix's business and mailing address
• SAN JOSE, CA 95110 (address) — Nutanix's business and mailing address
• 408-216-8360 (phone_number) — Nutanix's business phone number

FAQ

Key Financial Figures

• $0.000025 — hich registered Class A Common Stock, $0.000025 par value per share NTNX Nasdaq Glo

Filing Documents

• ntnx-20241031.htm (10-Q) — 2625KB
• ntnx-ex31_1.htm (EX-31.1) — 16KB
• ntnx-ex31_2.htm (EX-31.2) — 16KB
• ntnx-ex32_1.htm (EX-32.1) — 8KB
• ntnx-ex32_2.htm (EX-32.2) — 8KB
• 0000950170-24-133675.txt ( ) — 11390KB
• ntnx-20241031.xsd (EX-101.SCH) — 1572KB
• ntnx-20241031_htm.xml (XML) — 2239KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 6 Item 2

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 31 Item 3

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 48 Item 4

Controls and Procedures

Controls and Procedures 48 PART II. OTHER INFORMATION Item 1

Legal Proceedings

Legal Proceedings 49 Item 1A

Risk Factors

Risk Factors 49 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 49 Item 3 Defaults Upon Senior Securities 49 Item 4 Mine Safety Disclosures 49 Item 5 Other Information 50 Item 6 Exhibits 50 EXHIBIT INDEX 51

SIGNATURES

SIGNATURES 52 3 Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains express and implied forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), which statements involve substantial risks and uncertainties. Other than statements of historical fact, all statements contained in this Quarterly Report on Form 10-Q, including statements regarding our future results of operations and financial position, our business strategy and plans and our objectives for future operations, are forward-looking statements. The words "believe," "may," "will," "potentially," "estimate," "continue," "anticipate," "plan," "intend," "could," "would," "expect," or words or expressions of similar substance or the negative thereof, that convey uncertainty of future events or outcomes are intended to identify forward-looking statements. Forward-looking statements included in this Quarterly Report on Form 10-Q include, but are not limited to, statements regarding: our investment in the profitable growth of our business over the long run, including the development of our solutions and investing in sales and marketing to capitalize on our market opportunities, while improving our operating cash flow performance by focusing on creating operational efficiencies throughout our organization, including go-to-market efficiencies, particularly by generating leverage through partnerships; continuing our focus on opportunities with major accounts, large deals, and commercial accounts, as well as other sales and marketing initiatives to increase our pipeline growth; our intent in the long term to grow our global research and development and engineering teams to enhance our solutions, including our newer subscription-based products, improve integration with new and existing ecosy

FINANCI AL INFORMATION

PART I. FINANCI AL INFORMATION

Financial St atements (Unaudited)

Item 1. Financial St atements (Unaudited) Page Condensed Consolidated Balance Sheets as of July 31, 2024 and October 31, 2024 7 Condensed Consolidated Statements of Operations for the Three Months Ended October 31 , 2023 and 2024 8 Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three Months Ended October 31, 2023 and 2024 9 Condensed Consolidated Statements of Stockholders' Deficit for the Three Months Ended October 31, 2023 and 2024 10 Condensed Consolidated Statements of Cash Flows for the Three Months Ended October 31, 2023 and 2024 11 Notes to Condensed Consolidated Financial Statements 12 Note 1: Overview and Basis of Presentation 12 Note 2: Revenue, Deferred Revenue and Deferred Commissions 14 Note 3: Fair Value Measurements 16 Note 4: Balance Sheet Components 18 Note 5: Convertible Senior Notes 20 Note 6: Leases 23 Note 7: Commitments and Contingencies 25 Note 8: Stockholders' Equity 25 Note 9: Equity Incentive Plans 25 Note 10: Income Taxes 28 Note 11: Net Income (Loss) Per Share 28 Note 12: Segment Information 29 6 Table of Contents NUTANIX, INC. CONDENSED CONSOLIDA TED BALANCE SHEETS (Unaudited) As of July 31, 2024 October 31, 2024 (in thousands, except per share data) Assets Current assets: Cash and cash equivalents $ 655,270 $ 716,604 Short-term investments 339,072 358,846 Accounts receivable, net of allowances of $ 772 and $ 855 , respectively 229,796 198,582 Deferred commissions—current 159,849 150,975 Prepaid expenses and other current assets 97,307 98,452 Total current assets 1,481,294 1,523,459 Property and equipment, net 136,180 132,455 Operating lease right-of-use assets 109,133 118,593 Deferred commissions—non-current 198,962 188,364 Intangible assets, net 5,153 4,298 Goodwill 185,235 185,235 Other assets—non-current 27,961 28,947 Total assets $

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View this 10-Q filing on SEC EDGAR