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URL:  https://boards.fool.com/bear-that-is-not-theory-702m-in-deferred-34114274.aspx

Subject:  Re: Mid-month update. What I've done and why Date:  1/20/2019  9:39 AM
Author:  Darthtaco Number:  50687 of 59941

Bear,

That is not theory. $702M in deferred revenue backs that up. $300+M of that will be recognized over next 12 months. That $300+M number gets bigger every quarter.

All $147M of non-portable revenue occurred as sales during the quarter. This isn’t just going to vanish. Non-portable is the same as windows on a laptop. It is sold with the device and can’t be transferred to another device. Part of that sale will be a service contract which gets recognized on the subscription side.

Nutanix recognized $79M in deferred revenue in Q1 that was on the books when the quarter started. Assuming the majority of that was from subscription Billings(some might be pro services but not a lot) that’s about 62% of revenue occurring prior to quarter. That’s from when Billings were half of what current Billings were.

That’s my theory backed up with facts from the actual balance sheet. $159M in deferred revenue additions during quarter resulting in a net of $71M after subtractions. From 10-Q.

Darth
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