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  "documentTitle": "DigitalOcean | Results Presentation Deck | 23 slides",
  "authorId": "digitalocean",
  "authorName": "DigitalOcean",
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  "presentationDate": "2024-02-01 00:00:00",
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      "text": "4) Prior to 2023, 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%. As a result, 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": "1) For the year ended December 31, 2023, non-GAAP stock-based compensation excludes the $31.3 million reversal related to the former CEO's forfeited MRSU award that is reported in Restructuring related charges, as well as $3.9 million that is reported in Restructuring and other charges.",
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      "text": "2) Primarily consists of the $31.3 million reversal of stock-based compensation related to the former CEO's forfeited MRSU award, partially offset by salary continuation charges, executive reorganization charges including severance, CEO search firm fees, and other legal and professional service costs.",
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      "text": "digitalocean.com",
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      "text": "3) Consists of non-cash interest expense for amortization of deferred financing fees related to the Convertible Notes.",
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      "text": "GAAP Net income (loss) per share attributable to common stockholders, diluted: 2023: $0.17, 2022: $(0.11), 2023: $0.20, 2022: $(0.28)\nStock-based compensation(1): 2023: 0.22, 2022: 0.27, 2023: 1.10, 2022: 0.91\nAcquisition related compensation: 2023: 0.05, 2022: 0.07, 2023: 0.26, 2022: 0.09\nAmortization of acquired intangible assets: 2023: 0.06, 2022: 0.03, 2023: 0.18, 2022: 0.06\nAcquisition and integration related costs: 2023: 0.01, 2022: 0.02, 2023: 0.06, 2022: 0.06\nRestructuring and other charges: 2023: —, 2022: —, 2023: 0.20, 2022: —\nRestructuring related charges(2): 2023: 0.03, 2022: —, 2023: (0.23), 2022: —\nImpairment of long-lived assets: 2023: —, 2022: —, 2023: 0.01, 2022: 0.01\nNon-cash charges related to convertible notes(3): 2023: 0.02, 2022: 0.01, 2023: 0.06, 2022: 0.06\nNon-GAAP income tax adjustment(4): 2023: (0.12), 2022: (0.01), 2023: (0.25), 2022: —\nNon-GAAP Net income per share, diluted: 2023: $0.44, 2022: $0.28, 2023: $1.59, 2022: $0.91\nGAAP weighted-average shares used to compute net income (loss) per share, diluted: 2023: 92,028, 2022: 96,481, 2023: 96,415, 2022: 100,806\nWeighted-average dilutive effect of potentially dilutive securities: 2023: 8,403, 2022: 15,801, 2023: 8,403, 2022: 17,372\nNon-GAAP weighted-average shares used to compute net income per share, diluted: 2023: 100,431, 2022: 112,282, 2023: 104,818, 2022: 118,178",
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