Summary - Funding Rounds

Founding Date

1998

Total Funding

$17.8 m

Investors

Rackspace Hosting is a subsidiary of Apollo Global Management

Rackspace Hosting Revenue Breakdown

Embed Graph

Rackspace Hosting revenue breakdown by geographic segment: 31.7% from International and 68.3% from United States

Rackspace Hosting Income Statement

Annual

USDFY, 2013FY, 2014

Revenue

1.5b1.8b

Revenue growth, %

17%

Cost of goods sold

492.5m587.5m

Gross profit

1.0b1.2b

Gross profit Margin, %

68%67%

Sales and marketing expense

208.4m237.6m

R&D expense

90.2m117.0m

General and administrative expense

297.5m322.1m

Operating expense total

1.4b676.7m

Depreciation and amortization

313.0m371.9m

EBIT

133.1m158.3m

EBIT margin, %

9%9%

Interest expense

3.1m1.9m

Interest income

741.0k

Pre tax profit

130.8m154.4m

Income tax expense

44.0m47.0m

Net Income

86.7m107.4m

Rackspace Hosting Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015

Cash

259.7m213.5m

Accounts Receivable

123.9m156.5m174.4m

Prepaid Expenses

30.8m33.6m46.6m

Current Assets

439.0m412.4m

PP&E

890.8m1.1b1.1b

Goodwill

81.1m81.1m

Total Assets

1.5b1.6b

Accounts Payable

122.0m137.3m

Short-term debt

37.9m40.1m1.7m

Current Liabilities

258.5m276.8m

Long-term debt

25.2m1.5m492.4m

Total Debt

64.9m41.6m494.1m

Total Liabilities

436.4m546.9m

Common Stock

141.0k100.0k100.0k

Additional Paid-in Capital

636.7m696.0m

Retained Earnings

423.1m393.8m

Total Equity

1.1b1.1b

Debt to Equity Ratio

0.1 x0 x

Debt to Assets Ratio

0 x0 x

Financial Leverage

1.4 x1.5 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

270.0m313.8m340.3m349.5m275.7m317.1m189.0m534.2m544.3m632.1m

Accounts Receivable

118.5m130.9m134.6m154.0m160.1m174.9m170.9m168.6m166.0m

Prepaid Expenses

27.2m27.2m42.3m32.3m33.6m55.5m49.3m45.1m49.0m

Current Assets

442.7m483.4m517.7m554.0m479.1m537.9m765.3m772.6m864.3m

PP&E

850.9m925.1m972.8m1.0b1.1b1.2b1.1b1.1b1.0b

Goodwill

76.8m81.1m81.1m81.1m81.1m81.1m80.4m80.4m80.2m

Total Assets

1.5b1.6b1.6b1.7b1.7b1.8b2.0b2.0b2.0b

Accounts Payable

130.4m148.2m147.3m139.5m135.1m187.3m145.1m155.6m139.7m

Short-term debt

44.4m31.5m25.6m20.1m10.0m6.2m143.1m900.0k500.0k300.0k

Current Liabilities

277.3m279.3m279.1m284.3m249.4m290.7m241.4m248.2m224.7m

Long-term debt

20.0m15.0m11.2m800.0k700.0k500.0k493.0m493.1m493.4m

Total Debt

44.4m53.3m41.7m31.5m10.8m6.9m143.6m493.9m493.6m493.7m

Total Liabilities

463.1m466.9m476.8m500.8m539.4m592.3m1.0b1.0b1.0b

Common Stock

142.0k143.0k144.0k100.0k100.0k100.0k100.0k100.0k100.0k

Additional Paid-in Capital

594.3m653.0m696.1m736.2m757.9m859.1m846.8m859.7m877.8m

Retained Earnings

402.3m448.6m471.0m496.8m426.8m400.6m172.2m160.5m198.4m

Total Equity

1.1b1.2b1.2b1.2b1.2b975.9m957.5m1.0b

Debt to Equity Ratio

0 x0 x0 x0 x0 x0.5 x0.5 x0.5 x

Debt to Assets Ratio

0 x0 x0 x0 x0 x0 x0.2 x0.2 x0.2 x

Financial Leverage

1.4 x1.4 x1.4 x1.5 x1.5 x2.1 x2.1 x2 x

Rackspace Hosting Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015

Net Income

86.7m107.4m122.4m

Depreciation and Amortization

313.0m371.9m399.9m

Accounts Receivable

(34.5m)(41.7m)(28.3m)

Accounts Payable

35.3m55.4m49.2m

Cash From Operating Activities

444.1m542.5m583.6m

Purchases of PP&E

(452.6m)(430.3m)(474.9m)

Cash From Investing Activities

(464.2m)(428.1m)(479.4m)

Long-term Borrowings

(1.9m)(1.9m)(165.1m)

Cash From Financing Activities

(11.8m)(157.3m)171.5m

Net Change in Cash

(32.4m)(46.2m)271.2m

Interest Paid

3.2m1.8m4.0m

Income Taxes Paid

14.9m13.5m17.8m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Net Income

65.9m25.4m47.9m73.6m27.5m55.8m91.3m123.2m

Depreciation and Amortization

225.3m87.8m178.4m276.7m96.9m194.6m295.9m104.0m309.5m

Accounts Receivable

(24.1m)3.9m(9.1m)(15.7m)(1.8m)(8.3m)(26.3m)(3.0m)(2.7m)

Accounts Payable

26.9m30.3m52.0m93.9m26.9m42.9m45.7m20.8m41.2m15.6m

Cash From Operating Activities

334.5m141.7m266.2m391.6m145.3m268.2m379.6m469.9m

Purchases of PP&E

(325.9m)(85.0m)(199.0m)(323.1m)(92.5m)(197.2m)(331.9m)(235.3m)

Cash From Investing Activities

(333.9m)(84.5m)(197.4m)(321.2m)(91.8m)(195.8m)(336.5m)(213.7m)

Long-term Borrowings

(52.0k)(899.0k)(1.9m)

Dividends Paid

(25.1m)(25.1m)(25.1m)

Cash From Financing Activities

(22.1m)(3.6m)10.4m20.7m11.2m32.1m(65.5m)(98.4m)

Net Change in Cash

54.1m80.6m89.7m62.2m103.6m(24.5m)49.5m59.6m147.4m

Interest Paid

300.0k1.2m2.2m1.9m4.0m27.1m

Income Taxes Paid

11.2m3.8m13.5m17.0m3.6m11.6m15.8m
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Rackspace Hosting Operating Metrics

FY, 2013FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q2, 2016Q3, 2016Feb, 2018

Countries

120 120 120 120 120

Customers

200 k300 k300 k300 k300 k300 k

Data Centers

11 11 11

Openstack Managed Server Hours

1 b

Certifications

5.58 k
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