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Fireeye, Inc. (FEYE) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2020

Fireeye, Inc.

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CIK: 1625414 Ticker: FEYE

Exhibit 99.1

FireEye Reports Financial Results for Fourth Quarter and Full Year 2020

•Record revenue, annualized recurring revenue, non-GAAP operating income and operating cash flow for fourth quarter and full year 20201,2
•Revenue of $248 million, an increase of 5 percent from the fourth quarter of 2019
•Total annualized recurring revenue of $638 million, an increase of 8 percent from the fourth quarter of 20192
•Platform, cloud subscription and managed services annualized recurring revenue of $340 million, an increase of 20 percent from the fourth quarter of 20192
•Non-GAAP operating margin of 12 percent, an increase of 5 points from the fourth quarter of 20191

MILPITAS, Calif. – Feb. 2, 2021
– FireEye, Inc. (NASDAQ: FEYE), the intelligence-led security company, today announced financial results for the fourth quarter and full year ended December 31, 2020.
“Our record fourth quarter and 2020 results demonstrated that we are gaining momentum in our Platform, Cloud Subscription, Managed Services and Professional services categories. The combined revenue from these two categories accounted for 55% of total revenue in 2020 and increased 23% from the full year 2019,” said Kevin Mandia, FireEye chief executive officer.
“We continue to transform our business and believe we are well-positioned as organizations shift to intelligence-led security focused on security effectiveness. Our vision is to become a seamless extension of our customers’ security operations by delivering our threat intelligence and expertise gained on the frontlines through the Mandiant Advantage platform,” added Mandia.
Fourth Quarter 2020 Financial Results
Q4 2020Q4 2019Y/Y change
Revenue$248 million$235 million+5%
Annualized recurring revenue2
$638 million$592 million+8%
GAAP gross margin65%66%-1 pt
Non-GAAP gross margin1
72%73%-1 pt
GAAP operating margin(11)%(15)%+4 pts
Non-GAAP operating margin1
12%7%+5 pts
GAAP net income (loss) per share attributable to common stockholders, basic and diluted
$(0.17)$(0.23)+$0.06
Non-GAAP net income (loss) per share attributable to common stockholders, diluted1
$0.12$0.07+$0.05
Cash flow provided (used) by operating activities$71 million$40 million+$31 million
Capital expenditures$4 million$7 million$(3) million


The following information was filed by Fireeye, Inc. (FEYE) on Tuesday, February 2, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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10-K Annual Report
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Inside Fireeye, Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Cover
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statement Of Redeemable Convertible Preferred Stock And Stockholders' Equity
Consolidated Statement Of Redeemable Convertible Preferred Stock And Stockholders' Equity (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Loss
Consolidated Statements Of Operations
Business Combinations
Business Combinations (Tables)
Business Combinations - Identifiable Intangible Assets Acquired (Details)
Business Combinations - Narrative (Details)
Business Combinations - Purchase Price Allocation (Details)
Business Combinations - Schedule Of Expected Annual Amortization Expense Of Intangible Assets (Details)
Business Combinations - Schedule Of Goodwill (Details)
Business Combinations - Schedule Of Purchased Intangible Assets (Details)
Commitments And Contingencies
Commitments And Contingencies - Contract Manufacturer Commitments (Narrative) (Details)
Commitments And Contingencies - Indemnification (Narrative) (Details)
Commitments And Contingencies - Letters Of Credit (Narrative) (Details)
Commitments And Contingencies - Purchase Obligations (Narrative) (Details)
Common Shares Reserved For Issuance
Common Shares Reserved For Issuance (Tables)
Common Shares Reserved For Issuance - Narrative (Details)
Common Shares Reserved For Issuance - Schedule Of Reserved Shares Of Common Stock For Issuance (Details)
Convertible Senior Notes
Convertible Senior Notes (Tables)
Convertible Senior Notes - Narrative (Details)
Convertible Senior Notes - Prepaid Forward Stock Purchase (Narrative) (Details)
Convertible Senior Notes - Schedule Of Interest Expense Related To Convertible Senior Notes (Details)
Convertible Senior Notes - Schedule Of Liability And Equity Components Of Convertible Senior Notes (Details)
Deferred Commissions
Deferred Commissions (Details)
Deferred Commissions (Tables)
Deferred Revenue
Deferred Revenue (Tables)
Deferred Revenue - Changes In Deferred Revenue (Details)
Deferred Revenue - Narrative (Details)
Deferred Revenue - Remaining Performance Obligations (Details)
Deferred Revenue - Schedule Of Deferred Revenue (Details)
Description Of Business And Summary Of Significant Accounting Policies
Description Of Business And Summary Of Significant Accounting Policies (Policies)
Description Of Business And Summary Of Significant Accounting Policies (Tables)
Description Of Business And Summary Of Significant Accounting Policies - Advertising Costs (Narrative) (Details)
Description Of Business And Summary Of Significant Accounting Policies - Demonstration Units (Details)
Description Of Business And Summary Of Significant Accounting Policies - Description Of Business (Narrative) (Details)
Description Of Business And Summary Of Significant Accounting Policies - Foreign Currency Translation And Transactions (Narrative) (Details)
Description Of Business And Summary Of Significant Accounting Policies - Goodwill And Purchased Intangibles (Narrative) (Details)
Description Of Business And Summary Of Significant Accounting Policies - Inventories (Narrative) (Details)
Description Of Business And Summary Of Significant Accounting Policies - Property And Equipment (Details)
Description Of Business And Summary Of Significant Accounting Policies - Revenue Recognition And Deferred Revenue (Narrative) (Details)
Description Of Business And Summary Of Significant Accounting Policies - Software Development Costs And Stock-Based Compensation (Narrative) (Details)
Description Of Business And Summary Of Significant Accounting Policies - Warranties (Narrative) (Details)
Employee Benefit Plan
Employee Benefit Plan (Details)
Equity Award Plans
Equity Award Plans (Tables)
Equity Award Plans - Narrative (Details)
Equity Award Plans - Restricted Stock Award (Rsa) And Restricted Stock Unit (Rsu) Activity (Narrative) (Details)
Equity Award Plans - Stock Based Compensation (Details)
Equity Award Plans - Stock-Based Compensation (Narrative) (Details)
Equity Award Plans - Summary Of Activity For Restricted Common Stock, Rsas And Rsus (Details)
Equity Award Plans - Summary Of Activity For Stock Option Changes (Details)
Equity Award Plans - Summary Of Assumptions Used In The Black-Scholes Option-Pricing Model (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Narrative (Details)
Fair Value Measurements - Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Narrative (Details)
Income Taxes - Reconciliation Of Federal Statutory Income Tax Rate To Effective Tax Rate (Details)
Income Taxes - Reconciliation Of Gross Unrecognized Tax Benefits (Details)
Income Taxes - Schedule Of Components Of Deferred Tax Assets And Liabilities (Details)
Income Taxes - Schedule Of Loss Before Income Taxes (Details)
Income Taxes - Schedule Of Provision For (Benefit From) Income Taxes (Details)
Investments
Investments (Tables)
Investments - Narrative (Details)
Investments - Summary Of Contractual Maturities Of Investments (Details)
Investments - Summary Of Gross Unrealized Losses And Fair Values Of Investments In Continuous Unrealized Loss Position (Details)
Investments - Summary Of Investments (Details)
Leases
Leases (Tables)
Leases - Components Of Lease Expenses (Details)
Leases - Narrative (Details)
Leases - Schedule Of Undiscounted Cash Flows Of Operating Lease Liabilities (Details)
Leases - Supplemental Balance Sheet Information (Details)
Leases - Supplemental Cash Flow And Other Information (Details)
Net Loss Per Share
Net Loss Per Share (Tables)
Net Loss Per Share - Schedule Of Computation Of Net Loss Per Common Share (Details)
Net Loss Per Share - Schedule Of Outstanding Options And Unvested Shares Excluded From Computation Of Diluted Net Loss Per Common Share (Details)
Property And Equipment
Property And Equipment (Tables)
Property And Equipment - Narrative (Details)
Property And Equipment - Schedule Of Property And Equipment (Details)
Redeemable Preferred Stocks
Redeemable Preferred Stocks (Details)
Restructuring Charges
Restructuring Charges (Tables)
Restructuring Charges - Narrative (Details)
Restructuring Charges - Summary Of Restructuring Activities (Details)
Schedule Ii Valuation And Qualifying Accounts
Schedule Ii Valuation And Qualifying Accounts (Details)
Segment And Major Customers Information
Segment And Major Customers Information (Tables)
Segment And Major Customers Information - Narrative (Details)
Segment And Major Customers Information - Schedule Of Revenue By Geographic Region (Details)
Segment And Major Customers Information - Segment By Category (Details)
Segment And Major Customers Information - Summary Of Long Lived Assets By Geographic Region (Details)
Ticker: FEYE
CIK: 1370880
Form Type: 10-K Annual Report
Accession Number: 0001370880-21-000010
Submitted to the SEC: Fri Feb 26 2021 4:23:49 PM EST
Accepted by the SEC: Fri Feb 26 2021
Period: Thursday, December 31, 2020
Industry: Computer Peripheral Equipment

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