filings.toolsItem 6. SELECTED FINANCIAL DATA
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Item 6. SELECTED FINANCIAL DATA
The selected consolidated statement of operations data for fiscal 2020, 2019, and 2018 and consolidated balance sheet data as of July 31, 2020 and 2019 are derived from our audited consolidated financial statements included elsewhere in this Annual Report on Form 10-K. The selected consolidated statement of operations data for fiscal 2017 and 2016 and consolidated balance sheet data as of July 31, 2018, 2017, and 2016 are derived from audited financial statements not included in this Annual Report on Form 10-K. Our historical results are not necessarily indicative of the results that may be expected in the future. The selected consolidated financial data below should be read in conjunction with the section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in Part II, Item 7 of this Annual Report on Form 10-K and our consolidated financial statements and related notes included in Part II, Item 8 of this Annual Report on Form 10-K.
| Year Ended July 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2020 | 2019 | 2018 | 2017 | 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||
| (in millions, except per share data) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Selected Consolidated Statements of Operations Data: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total revenue(1) | $ | 3,408.4 | $ | 2,899.6 | $ | 2,273.6 | $ | 1,755.1 | $ | 1,378.5 | |||||||||||||||||||||||||||||||||||||||||||
| Total gross profit(1) | 2,408.9 | 2,091.2 | 1,628.5 | 1,278.7 | 1,008.5 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Operating loss(1) | (179.0) | (54.1) | (104.2) | (165.8) | (157.3) | ||||||||||||||||||||||||||||||||||||||||||||||||
| Net loss(1) | $ | (267.0) | $ | (81.9) | $ | (122.2) | $ | (203.0) | $ | (192.7) | |||||||||||||||||||||||||||||||||||||||||||
| Net loss per share, basic and diluted(1) | $ | (2.76) | $ | (0.87) | $ | (1.33) | $ | (2.24) | $ | (2.21) | |||||||||||||||||||||||||||||||||||||||||||
| Weighted-average shares used to compute net loss per share, basic and diluted | 96.9 | 94.5 | 91.7 | 90.6 | 87.1 |
| July 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2020 | 2019 | 2018 | 2017 | 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||
| (in millions) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Selected Consolidated Balance Sheet Data: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash and cash equivalents | $ | 2,958.0 | $ | 961.4 | $ | 2,506.9 | $ | 744.3 | $ | 734.4 | |||||||||||||||||||||||||||||||||||||||||||
| Investments | 1,344.2 | 2,417.1 | 1,444.0 | 1,420.0 | 1,204.0 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Working capital(1)(2) | 2,437.5 | 1,611.5 | 2,036.8 | 818.1 | 927.2 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Total assets(1) | 9,065.4 | 6,592.2 | 5,948.9 | 3,538.5 | 2,858.2 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Total deferred revenue(1) | 3,810.2 | 2,888.7 | 2,279.3 | 1,692.4 | 1,240.8 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Convertible senior notes, net(2) | 3,084.1 | 1,430.0 | 1,920.1 | 524.7 | 500.2 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Long-term operating lease liabilities(3) | 336.6 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||
| Common stock and additional paid-in capital | 2,259.2 | 2,490.9 | 1,967.4 | 1,599.7 | 1,515.5 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Total stockholders’ equity(1) | $ | 1,101.8 | $ | 1,586.3 | $ | 1,160.3 | $ | 927.8 | $ | 894.9 |
(1)The amounts for fiscal 2018 and 2017 have been adjusted due to our adoption of the new revenue recognition standard. Fiscal year 2016 has not been adjusted.
(2)The net carrying amount of the 2019 Notes was classified as a current liability in our consolidated balance sheets as of July 31, 2018 and was classified as a long-term liability for all other prior periods presented. The net carrying amounts of the 2023 Notes and 2025 Notes were classified as a long-term liability in the periods they were presented. Refer to Note 10. Debt in Part II, Item 8 of this Annual Report on Form 10-K for more information on the Notes.
(3)We adopted the new lease accounting standard effective August 1, 2019 on a modified retrospective basis, under which financial results reported in periods prior to fiscal 2020 were not adjusted.
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