DOCUSIGN, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(in thousands, except share and per share data)

January 31, 2020

January 31, 2019

Assets

Current assets

Cash and cash equivalents

$

241,203

$

517,811

Investments—current

414,939

251,203

Restricted cash

280

367

Accounts receivable

237,841

174,548

Contract assets—current

12,502

10,616

Prepaid expenses and other current assets

37,125

29,976

Total current assets

943,890

984,521

Investments—noncurrent

239,729

164,220

Property and equipment, net

128,293

75,832

Operating lease right-of-use assets

149,833

—

Goodwill

194,882

195,225

Intangible assets, net

56,500

74,203

Deferred contract acquisition costs—noncurrent

153,333

112,583

Other assets—noncurrent

24,678

8,833

Total assets

$

1,891,138

$

1,615,417

Liabilities and Stockholders' Equity

Current liabilities

Accounts payable

$

28,144

$

19,590

Accrued expenses and other current liabilities

54,344

35,658

Accrued compensation

83,189

77,553

Contract liabilities—current

507,560

381,060

Operating lease liabilities—current

20,728

—

Deferred rent—current

—

2,452

Total current liabilities

693,965

516,313

Convertible senior notes, net

465,321

438,932

Contract liabilities—noncurrent

11,478

7,712

Operating lease liabilities—noncurrent

162,432

—

Deferred rent—noncurrent

—

24,195

Deferred tax liability—noncurrent

4,920

4,207

Other liabilities—noncurrent

6,695

9,696

Total liabilities

1,344,811

1,001,055

Stockholders' equity

Common stock

18

17

Additional paid-in capital

1,685,167

1,545,088

Accumulated other comprehensive loss

(1,673)

(1,965)

Accumulated deficit

(1,137,185)

(928,778)

Total stockholders' equity

546,327

614,362

Total liabilities and stockholders' equity

$

1,891,138

$

1,615,417