| Schedule of the effect of corrections |
A summary of the effect of the corrections on the consolidated balance sheet as of January 31, 2021 is as follows (in thousands):
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January 31, 2021 |
|
As reported |
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Corrections |
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As Adjusted |
| Assets |
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| Prepaid expenses and other current assets |
$ |
95,819 |
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|
$ |
5,277 |
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$ |
101,096 |
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| Total current assets |
492,786 |
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|
5,277 |
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|
498,063 |
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| Other non-current assets |
36,669 |
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|
5,843 |
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|
42,512 |
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| Total assets |
$ |
585,893 |
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$ |
11,120 |
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$ |
597,013 |
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| Stockholders' deficit |
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| Accumulated deficit |
(341,280) |
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|
11,120 |
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|
(330,160) |
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| Total stockholders' deficit |
182,733 |
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|
11,120 |
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|
193,853 |
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| Total liabilities and stockholders' deficit |
$ |
585,893 |
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$ |
11,120 |
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$ |
597,013 |
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A summary of the effect of the corrections on the consolidated statements of operations for the years ended January 31, 2021 and 2020 were as follows (in thousands, except per share data):
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Year Ended January 31, |
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2021 |
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2020 |
|
As reported |
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Corrections |
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As Adjusted |
|
As reported |
|
Corrections |
|
As Adjusted |
| Operating expenses: |
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| Sales and marketing |
$ |
189,011 |
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$ |
(3,214) |
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|
$ |
185,797 |
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|
$ |
163,360 |
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|
$ |
634 |
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$ |
163,994 |
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| Total operating expenses |
293,639 |
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|
(3,214) |
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|
290,425 |
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|
236,012 |
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|
634 |
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|
236,646 |
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| Operating loss |
(28,791) |
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|
3,214 |
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|
(25,577) |
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(34,895) |
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(634) |
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|
(35,529) |
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| Loss before provision for income taxes |
(37,407) |
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|
3,214 |
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(34,193) |
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(35,822) |
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(634) |
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|
(36,456) |
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| Net loss |
(41,184) |
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|
3,214 |
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(37,970) |
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(39,147) |
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(634) |
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|
(39,781) |
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| Net loss attributable to Sprinklr |
(41,184) |
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3,214 |
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(37,970) |
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(39,120) |
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(634) |
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(39,754) |
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| Net loss attributable to Sprinklr common stockholders |
$ |
(41,784) |
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$ |
3,214 |
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$ |
(38,570) |
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$ |
(39,120) |
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$ |
(634) |
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$ |
(39,754) |
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| Net loss per share attributable to Class A and Class B stockholders, basic and diluted |
$ |
(0.46) |
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$ |
0.04 |
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$ |
(0.42) |
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$ |
(0.46) |
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$ |
(0.01) |
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$ |
(0.47) |
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A summary of the effect of the corrections on the consolidated statements of cash flows for the years ended January 31, 2021 and 2020 were as follows (in thousands):
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Year Ended January 31, |
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2021 |
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2020 |
|
As reported |
|
Corrections |
|
As Adjusted |
|
As reported |
|
Corrections |
|
As Adjusted |
| Net loss attributable to Sprinklr |
$ |
(41,184) |
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$ |
3,214 |
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$ |
(37,970) |
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$ |
(39,120) |
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$ |
(634) |
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$ |
(39,754) |
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| Net loss |
(41,184) |
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|
3,214 |
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(37,970) |
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(39,147) |
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(634) |
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(39,781) |
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| Changes in operating assets and liabilities |
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| Prepaid expenses and other current assets |
(27,863) |
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(846) |
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(28,709) |
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(22,564) |
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|
217 |
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(22,347) |
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| Other non-current assets |
(4,714) |
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|
(2,368) |
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(7,082) |
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(10,298) |
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|
417 |
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(9,881) |
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For all periods in which the Company corrected net loss, the Company made corresponding corrections to net loss and comprehensive loss in the consolidated statements of comprehensive loss and to net loss, accumulated deficit and total stockholders’ (deficit) equity in the consolidated statements of stockholders’ (deficit) equity. In addition, a summary of the effect of the correction to the cumulative effect of adoption of ASC 606 presented within the consolidated statements of stockholders’ (deficit) equity is as follows (in thousands):
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Year Ended January 31, 2020 |
|
As reported |
|
Correction |
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As Adjusted |
| Cumulative effect of adoption of ASC 606 |
$ |
23,340 |
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$ |
8,540 |
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$ |
31,880 |
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