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  "documentTitle": "DigitalOcean | Results Presentation Deck | 24 slides",
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  "presentationDate": "2023-11-01 00:00:00",
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      "text": "(3) Previously, we calculated the income tax effects of non-GAAP adjustments based on the applicable statutory tax rate for the relevant jurisdiction, except for those items which were non-taxable or subject to valuation allowances for which the tax expense (benefit) was calculated at 0%. Prior to fiscal year 2023, U.S. income tax effects of non-GAAP adjustments were subject to a valuation allowance and, therefore, were taxed at 0%. Beginning January 1, 2023, the Company projects to be a U.S. taxpayer and will use a long term fixed forecasted rate of 17% on non-GAAP pre-tax income for 2023.",
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      "text": "digitalocean.com",
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      "text": "(2) Primarily consists of salary continuation charges, executive reorganization charges including CEO search firm fees and other legal and professional service costs, and the $31.3 million reversal of stock-based compensation related to the forfeited MRSU award.",
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      "text": "(1) For the three and nine months ended September 30, 2023, non-GAAP stock-based compensation excludes the $31.3 million reversal related to the forfeited MRSU award as it is presented in Restructuring related charges.",
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      "text": "(4) Consists of non-cash interest expense for amortization of deferred financing fees related to the Convertible Notes.",
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      "text": "(5) Consists of the potentially dilutive effects of our stock options, RSUS, PRSUs, and Convertible Notes. In periods with a GAAP net loss position, these are excluded from GAAP weighted-average shares.",
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      "text": "Three Months Ended September 30, Nine Months Ended September 30, (In thousands, except per share amounts) 2023 2022 2023 2022 GAAP Net income (loss) per share attributable to common stockholders, diluted $ 0.20 $ 0.08 $ 0.04 $ (0.17) Stock-based compensation (1) 0.27 0.21 0.87 0.69 Acquisition related compensation 0.07 0.02 0.21 0.02 Amortization of acquired intangible assets 0.05 0.01 0.12 0.02 Acquisition and integration related costs 0.02 0.02 0.05 0.04 Impairment of long-lived assets — — 0.01 0.01 Restructuring and other charges — — 0.20 — Restructuring related charges (2) (0.28) — (0.25) — Non-cash charges related to convertible notes (4) 0.02 0.01 0.04 0.04 Non-GAAP income tax adjustment(3) 0.09 0.01 (0.13) 0.01 Non-GAAP Net income per share, diluted $ 0.44 $ 0.36 $ 1.16 $ 0.66 GAAP weighted-average shares used to compute net income (loss) per share, diluted 102,674 104,931 97,747 102,134 Weighted-average dilutive effect of potentially dilutive securities (5) — 8,403 8,403 12,375 Non-GAAP weighted-average shares used to compute net income per share, diluted 102,674 113,334 106,150 114,509",
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