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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 10-Q

 

(Mark One)

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended November 30, 2023

OR

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number: 001-39272

 

 

E2open Parent Holdings, Inc.

(Exact Name of Registrant as Specified in its Charter)

 

 

Delaware

86-1874570

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer
Identification No.)

9600 Great Hills Trail, Suite 300E

Austin, TX

78759

(Address of principal executive offices)

(Zip Code)

Registrant's telephone number, including area code: (866) 432-6736

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading Symbol(s)

 

Name of each exchange on which registered

Class A Common Stock, par value $0.0001 per share

 

ETWO

 

New York Stock Exchange

Warrants to purchase one share of Class A Common Stock

 at an exercise price of $11.50

 

ETWO-WT

 

New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer

Accelerated filer

 

 

 

 

Non-accelerated filer

Smaller reporting company

 

 

 

 

 

 

 

Emerging growth company

 

 

 

 

 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No

As of January 5, 2024, E2open Parent Holdings, Inc. had 305,999,321 shares of Class A common stock outstanding.

 

 


 

Table of Contents

 

Page

Glossary

 

3

Forward-Looking Statements

4

PART I.

 

5

Item 1.

Financial Statements (Unaudited)

5

Condensed Consolidated Balance Sheets

5

Condensed Consolidated Statements of Operations

6

Condensed Consolidated Statements of Comprehensive Loss

7

 

Condensed Consolidated Statements of Stockholders' Equity

8

Condensed Consolidated Statements of Cash Flows

10

Notes to Unaudited Condensed Consolidated Financial Statements

11

Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

36

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

53

Item 4.

Controls and Procedures

54

PART II.

Other Information

54

Item 1.

Legal Proceedings

54

Item 1A.

Risk Factors

55

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

55

Item 5.

Other Information

55

Item 6.

Exhibits

55

Signatures

56

 

 

2


 

Glossary of Terms

 

Abbreviation

 

Term

ASC

 

Accounting Standards Codification

 

 

 

BluJay

 

BluJay TopCo Limited, a private limited liability company registered in England and Wales which owns BluJay Solutions, a cloud-based logistics execution platform company

 

 

 

Class A Common Stock

 

Class A common stock, par value $0.0001 per share

 

 

 

Class V Common Stock

 

Class V common stock, par value $0.0001 per share

 

 

 

Common Units

 

common units representing limited liability company interests of E2open Holdings, LLC, which are non-voting, economic interests in E2open Holdings, LLC. Every economic common unit is tied to one voting share of Class V Common Stock of E2open Parent Holdings, Inc.

 

 

 

Forward Purchase Agreement

 

agreement dated as of April 28, 2020, by and between CCNB1 and Neuberger Berman Opportunistic Capital Solutions Master Fund LP

 

 

 

Forward Purchase Warrants

 

5,000,000 redeemable warrants purchased pursuant to the Forward Purchase Agreement

 

 

 

LIBOR

 

London Interbank Offered Rate

 

 

 

Logistyx

 

Logistyx Technologies, LLC, a private limited liability company headquartered in Chicago, Illinois, which connects top retailers, manufacturers and logistics providers to more than 550 in-network carriers with strategic parcel shipping and omni-channel fulfillment technology.

 

 

 

nm

 

not meaningful

 

 

 

NYSE

 

New York Stock Exchange

 

 

 

RCU

 

restricted common units representing Series 2 of E2open Holdings, LLC

 

 

 

SCM

 

omni-channel and supply chain management

 

 

 

SEC

 

U.S. Securities and Exchange Commission

 

 

 

SOFR

 

Secured Overnight Financing Rate

 

 

 

SONIA

 

Sterling Overnight Index Average

 

 

 

U.S. GAAP

 

generally accepted accounting principles in the United States

 

 

 

VWAP

 

daily per share volume-weighted average price of the Class A Common Stock on the NYSE as displayed on the Bloomberg page under the heading Bloomberg VWAP

 

3


 

Forward-Looking Statements

This Quarterly Report on Form 10-Q (Quarterly Report) contains "forward-looking statements" within the meaning of the federal securities law. These forward-looking statements give E2open Parent Holdings, Inc.'s (we, our, us, Company or E2open) current expectations and include projections of results of operations or financial condition or forecasts of future events. Words such as "may," "can," "should," "will," "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "target" and similar expressions are used to identify forward-looking statements. Without limiting the generality of the forgoing, forward-looking statements contained in this document include our expectations regarding our future growth, operational and financial performance and business prospects and opportunities.

These forward-looking statements are based on information available as of the date of this Quarterly Report and management's current expectations, forecasts and assumptions, and involve a number of judgments, known and unknown risks and uncertainties and other factors, many of which are outside our control and our directors, officers and affiliates. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date. We do not undertake any obligation to update, add or to otherwise correct any forward-looking statements contained herein to reflect events or circumstances after the date they were made, whether as a result of new information, future events, inaccuracies that become apparent after the date hereof or otherwise, except as may be required under applicable securities laws.

As a result of a number of known and unknown risks and uncertainties, our results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include:

the effect of the volatile, negative or uncertain macro-economic and political conditions, inflation, fluctuations in foreign currency exchange rates and the potential effects of these factors on our business, our slowing growth rate, results of operations and financial condition as well as our clients' businesses and levels of business activity;
changes in market interest rates particularly on our variable rate debt, including the recent significant increases in market interest rates experienced in fiscal 2023 and that may continue to increase in fiscal year 2024;
uncertainty regarding the SOFR's suitability as a LIBOR replacement and potential volatility in our variable rate debt to the unknown outcomes of the transition to SOFR rate movements;
the inability to realize the value of the goodwill and intangible assets, which could result in the incurrence of material charges related to the impairment of those assets;
the inability to develop and market new product offerings and monetize our network;
the slowing of our growth rate due to lower than anticipated new bookings and higher than expected churn;
risks associated with our past and prospective acquisitions (including the BluJay and Logistyx acquisitions), including the failure to successfully integrate operations, personnel, systems and products of the acquired companies, adverse tax consequences of acquisitions, greater than expected liabilities of the acquired companies, charges to earnings from acquisitions, the ability of the combined company to grow and manage profitability, maintain relationships with clients and suppliers and retain its management and key employees and the ability to recognize the anticipated benefits of the acquisition;
the inability to develop and maintain effective internal controls over financial reporting;
the inability to attract new clients or upsell/cross sell existing clients or the failure to renew existing client subscriptions on terms favorable to us;
risks associated with our extensive and expanding international operations, including the risks created by geopolitical instability;
the failure of the market for cloud-based SCM solutions to develop as quickly as we expect or failure to compete successfully in a fragmented and competitive SCM market;
the inability to adequately protect key intellectual property rights or proprietary technology;
failure to maintain adequate operational and financial resources or raise additional capital or generate sufficient cash flows;
cyber-attacks and security vulnerabilities; and
certain other factors discussed elsewhere in this Quarterly Report.

For a further discussion of these and other factors that could impact our future results and performance, see Part I, Item 1A., Risk Factors in our Annual Report on Form 10-K for the fiscal year ended February 28, 2023, filed with the SEC on May 1, 2023 (2023 Form 10-K).

 

4


 

PART I—Financial Information

Item 1. Financial Statements.

E2open Parent Holdings, Inc.

Condensed Consolidated Balance Sheets

 

(In thousands, except share amounts)

 

November 30, 2023

 

 

February 28, 2023

 

 

 

(Unaudited)

 

 

 

 

Assets

 

 

 

 

 

 

Cash and cash equivalents

 

$

110,279

 

 

$

93,032

 

Restricted cash

 

 

19,659

 

 

 

11,310

 

Accounts receivable, net

 

 

127,330

 

 

 

174,809

 

Prepaid expenses and other current assets

 

 

30,483

 

 

 

25,200

 

Total current assets

 

 

287,751

 

 

 

304,351

 

Goodwill

 

 

1,846,263

 

 

 

2,927,807

 

Intangible assets, net

 

 

886,315

 

 

 

1,051,124

 

Property and equipment, net

 

 

70,024

 

 

 

72,476

 

Operating lease right-of-use assets

 

 

21,580

 

 

 

18,758

 

Other noncurrent assets

 

 

28,559

 

 

 

25,659

 

Total assets

 

$

3,140,492

 

 

$

4,400,175

 

Liabilities and Stockholders' Equity

 

 

 

 

 

 

Accounts payable and accrued liabilities

 

$

83,196

 

 

$

97,491

 

Channel client deposits payable

 

 

19,659

 

 

 

11,310

 

Deferred revenue

 

 

176,253

 

 

 

203,824

 

Current portion of notes payable

 

 

11,122

 

 

 

11,144

 

Current portion of operating lease obligations

 

 

7,317

 

 

 

7,622

 

Current portion of financing lease obligations

 

 

1,120

 

 

 

2,582

 

Income taxes payable

 

 

1,721

 

 

 

2,190

 

Total current liabilities

 

 

300,388

 

 

 

336,163

 

Long-term deferred revenue

 

 

2,833

 

 

 

2,507

 

Operating lease obligations

 

 

17,959

 

 

 

15,379

 

Financing lease obligations

 

 

3,188

 

 

 

1,049

 

Notes payable

 

 

1,038,908

 

 

 

1,043,636

 

Tax receivable agreement liability

 

 

59,663

 

 

 

69,745

 

Warrant liability

 

 

10,830

 

 

 

29,616

 

Contingent consideration

 

 

14,188

 

 

 

29,548

 

Deferred taxes

 

 

66,038

 

 

 

144,529

 

Other noncurrent liabilities

 

 

721

 

 

 

1,083

 

Total liabilities

 

 

1,514,716

 

 

 

1,673,255

 

Commitments and Contingencies (Note 26)

 

 

 

 

 

 

Stockholders' Equity

 

 

 

 

 

 

Class A common stock; $0.0001 par value, 2,500,000,000 shares authorized;
    
304,564,709 and 302,582,007 issued and 304,388,055 and 302,405,353 outstanding as of
    November 30, 2023 and February 28, 2023, respectively

 

 

30

 

 

 

30

 

Class V common stock; $0.0001 par value; 42,747,890 shares authorized; 32,722,920
    and
32,992,007 shares issued and outstanding as of November 30, 2023 and
    February 28, 2023

 

 

 

 

 

 

Series B-1 common stock; $0.0001 par value; 9,000,000 shares authorized; 94 shares
    issued and outstanding as of November 30 2023 and February 28, 2023

 

 

 

 

 

 

Series B-2 common stock; $0.0001 par value; 4,000,000 shares authorized; 3,372,184 shares
    issued and outstanding as of November 30, 2023 and February 28, 2023

 

 

 

 

 

 

Additional paid-in capital

 

 

3,395,158

 

 

 

3,378,633

 

Accumulated other comprehensive loss

 

 

(45,892

)

 

 

(68,603

)

Accumulated deficit

 

 

(1,831,502

)

 

 

(803,679

)

Treasury stock, at cost: 176,654 shares as of November 30, 2023 and February 28, 2023

 

 

(2,473

)

 

 

(2,473

)

Total E2open Parent Holdings, Inc. equity

 

 

1,515,321

 

 

 

2,503,908

 

Noncontrolling interest

 

 

110,455

 

 

 

223,012

 

Total stockholders' equity

 

 

1,625,776

 

 

 

2,726,920

 

Total liabilities and stockholders' equity

 

$

3,140,492

 

 

$

4,400,175

 

See notes to unaudited condensed consolidated financial statements.

5


 

E2open Parent Holdings, Inc.

Condensed Consolidated Statements of Operations

(Unaudited)

 

 

 

Three Months Ended November 30,

 

 

Nine Months Ended November 30,

 

(In thousands, except per share amounts)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

Subscriptions

 

$

132,800

 

 

$

134,884

 

 

$

402,437

 

 

$

396,052

 

Professional services and other

 

 

24,697

 

 

 

30,009

 

 

 

73,668

 

 

 

89,898

 

Total revenue

 

 

157,497

 

 

 

164,893

 

 

 

476,105

 

 

 

485,950

 

Cost of Revenue

 

 

 

 

 

 

 

 

 

 

 

 

Subscriptions

 

 

36,689

 

 

 

35,931

 

 

 

110,013

 

 

 

105,367

 

Professional services and other

 

 

17,642

 

 

 

20,417

 

 

 

55,014

 

 

 

63,446

 

Amortization of acquired intangible assets

 

 

24,590

 

 

 

24,402

 

 

 

73,918

 

 

 

73,869

 

Total cost of revenue

 

 

78,921

 

 

 

80,750

 

 

 

238,945

 

 

 

242,682

 

Gross Profit

 

 

78,576

 

 

 

84,143

 

 

 

237,160

 

 

 

243,268

 

Operating Expenses

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

24,937

 

 

 

24,939

 

 

 

75,748

 

 

 

73,088

 

Sales and marketing

 

 

22,583

 

 

 

20,448

 

 

 

63,692

 

 

 

67,348

 

General and administrative

 

 

24,739

 

 

 

23,073

 

 

 

85,414

 

 

 

66,774

 

Acquisition-related expenses

 

 

9

 

 

 

1,969

 

 

 

416

 

 

 

14,313

 

Amortization of acquired intangible assets

 

 

20,014

 

 

 

19,965

 

 

 

60,135

 

 

 

62,523

 

Goodwill impairment

 

 

687,700

 

 

 

 

 

 

1,097,741

 

 

 

514,816

 

Intangible asset impairment

 

 

30,000

 

 

 

 

 

 

34,000

 

 

 

 

Total operating expenses

 

 

809,982

 

 

 

90,394

 

 

 

1,417,146

 

 

 

798,862

 

Loss from operations

 

 

(731,406

)

 

 

(6,251

)

 

 

(1,179,986

)

 

 

(555,594

)

Other income (expense)

 

 

 

 

 

 

 

 

 

 

 

 

Interest and other expense, net

 

 

(24,643

)

 

 

(21,270

)

 

 

(75,886

)

 

 

(54,732

)

Gain from change in tax receivable agreement liability

 

 

2,888

 

 

 

2,697

 

 

 

8,355

 

 

 

9,089

 

Gain from change in fair value of warrant liability

 

 

2,617

 

 

 

16,150

 

 

 

18,786

 

 

 

36,764

 

Gain from change in fair value of contingent
    consideration

 

 

5,100

 

 

 

6,300

 

 

 

15,360

 

 

 

17,760

 

Total other (expense) income

 

 

(14,038

)

 

 

3,877

 

 

 

(33,385

)

 

 

8,881

 

Loss before income tax provision

 

 

(745,444

)

 

 

(2,374

)

 

 

(1,213,371

)

 

 

(546,713

)

Income tax benefit

 

 

5,413

 

 

 

7,877

 

 

 

73,827

 

 

 

130,010

 

Net (loss) income

 

 

(740,031

)

 

 

5,503

 

 

 

(1,139,544

)

 

 

(416,703

)

Less: Net (loss) income attributable to
    noncontrolling interest

 

 

(72,475

)

 

 

698

 

 

 

(111,721

)

 

 

(41,464

)

Net (loss) income attributable to E2open Parent
    Holdings, Inc.

 

$

(667,556

)

 

$

4,805

 

 

$

(1,027,823

)

 

$

(375,239

)

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

303,848

 

 

 

302,201

 

 

 

303,188

 

 

 

301,822

 

Diluted

 

 

303,848

 

 

 

302,359

 

 

 

303,188

 

 

 

301,822

 

Net (loss) income attributable to E2open Parent
    Holdings, Inc. common shareholders per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(2.20

)

 

$

0.02

 

 

$

(3.39

)

 

$

(1.24

)

Diluted

 

$

(2.20

)

 

$

0.02

 

 

$

(3.39

)

 

$

(1.24

)

 

See notes to unaudited condensed consolidated financial statements.

6


 

E2open Parent Holdings, Inc.

Condensed Consolidated Statements of Comprehensive Loss

(Unaudited)

 

 

 

Three Months Ended November 30,

 

 

Nine Months Ended November 30,

 

(In thousands)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Net (loss) income

 

$

(740,031

)

 

$

5,503

 

 

$

(1,139,544

)

 

$

(416,703

)

Other comprehensive income (loss), net:

 

 

 

 

 

 

 

 

 

 

 

 

Net foreign currency translation income (loss), net
    of tax of ($
5,395) and $10,275 as of
    November 30, 2022

 

 

1,339

 

 

 

14,369

 

 

 

20,271

 

 

 

(58,086

)

Net deferred (losses) gains on foreign exchange
    forward contracts

 

 

(4

)

 

 

(420

)

 

 

729

 

 

 

(627

)

Net deferred (losses) gains on interest rate collars

 

 

(1,028

)

 

 

 

 

 

1,711

 

 

 

 

Total other comprehensive income (loss), net

 

 

307

 

 

 

13,949

 

 

 

22,711

 

 

 

(58,713

)

Comprehensive (loss) income

 

 

(739,724

)

 

 

19,452

 

 

 

(1,116,833

)

 

 

(475,416

)

Less: Comprehensive (loss) income attributable to
    noncontrolling interest

 

 

(72,449

)

 

 

2,112

 

 

 

(109,494

)

 

 

(47,306

)

Comprehensive (loss) income attributable to E2open
    Parent Holdings, Inc.

 

$

(667,275

)

 

$

17,340

 

 

$

(1,007,339

)

 

$

(428,110

)

 

See notes to unaudited condensed consolidated financial statements.

 

7


 

E2open Parent Holdings, Inc.

Condensed Consolidated Statements of Stockholders' Equity

(Unaudited)

 

(In thousands)

 

Common
Stock

 

 

Additional
Paid-In
Capital

 

 

Accumulated
Other
Comprehensive
Loss

 

 

Accumulated
Deficit

 

 

Treasury Stock

 

 

Total
E2open
Equity

 

 

Noncontrolling
Interest

 

 

Total
Equity

 

Balance, February 28, 2022

 

$

31

 

 

$

3,362,219

 

 

$

(19,019

)

 

$

(154,976

)

 

$

(2,473

)

 

$

3,185,782

 

 

$

298,389

 

 

$

3,484,171

 

Share-based compensation

 

 

 

 

 

3,188

 

 

 

 

 

 

 

 

 

 

 

 

3,188

 

 

 

 

 

 

3,188

 

Conversion of Common
    Units to common
    stock

 

 

 

 

 

195

 

 

 

 

 

 

 

 

 

 

 

 

195

 

 

 

(195

)

 

 

 

Vesting of restricted stock
    awards, net of shares
    withheld for taxes

 

 

 

 

 

(1,330

)

 

 

 

 

 

 

 

 

 

 

 

(1,330

)

 

 

 

 

 

(1,330

)

Other comprehensive loss

 

 

 

 

 

 

 

 

(30,700

)

 

 

 

 

 

 

 

 

(30,700

)

 

 

 

 

 

(30,700

)

Net loss

 

 

 

 

 

 

 

 

 

 

 

(11,356

)

 

 

 

 

 

(11,356

)

 

 

(1,265

)

 

 

(12,621

)

Balance, May 31, 2022

 

 

31

 

 

 

3,364,272

 

 

 

(49,719

)

 

 

(166,332

)

 

 

(2,473

)

 

 

3,145,779

 

 

 

296,929

 

 

 

3,442,708

 

Share-based compensation

 

 

 

 

 

5,154

 

 

 

 

 

 

 

 

 

 

 

 

5,154

 

 

 

 

 

 

5,154

 

Conversion of Common
    Units to common
    stock

 

 

 

 

 

989

 

 

 

 

 

 

 

 

 

 

 

 

989

 

 

 

(2,386

)

 

 

(1,397

)

Vesting of restricted stock
    awards, net of shares
    withheld for taxes

 

 

 

 

 

76

 

 

 

 

 

 

 

 

 

 

 

 

76

 

 

 

 

 

 

76

 

Impact of Common Unit
    conversions on Tax
    Receivable Agreement,
    net of tax

 

 

 

 

 

(176

)

 

 

 

 

 

 

 

 

 

 

 

(176

)

 

 

 

 

 

(176

)

Other comprehensive loss

 

 

 

 

 

 

 

 

(41,962

)

 

 

 

 

 

 

 

 

(41,962

)

 

 

 

 

 

(41,962

)

Net loss

 

 

 

 

 

 

 

 

 

 

 

(368,688

)

 

 

 

 

 

(368,688

)

 

 

(40,897

)

 

 

(409,585

)

Balance, August 31, 2022

 

 

31

 

 

 

3,370,315

 

 

 

(91,681

)

 

 

(535,020

)

 

 

(2,473

)

 

 

2,741,172

 

 

 

253,646

 

 

 

2,994,818

 

Share-based compensation

 

 

 

 

 

4,797

 

 

 

 

 

 

 

 

 

 

 

 

4,797

 

 

 

 

 

 

4,797

 

Conversion of Common
    Units to common
    stock

 

 

 

 

 

625

 

 

 

 

 

 

 

 

 

 

 

 

625

 

 

 

(625

)

 

 

 

Vesting of restricted stock
    awards, net of shares
    withheld for taxes

 

 

(1

)

 

 

(339

)

 

 

 

 

 

 

 

 

 

 

 

(340

)

 

 

 

 

 

(340

)

Impact of Common Unit
    conversions on Tax
    Receivable Agreement,
    net of tax

 

 

 

 

 

(1,010

)

 

 

 

 

 

 

 

 

 

 

 

(1,010

)

 

 

 

 

 

(1,010

)

Other comprehensive income

 

 

 

 

 

 

 

 

13,949

 

 

 

 

 

 

 

 

 

13,949

 

 

 

 

 

 

13,949

 

Net income

 

 

 

 

 

 

 

 

 

 

 

4,805

 

 

 

 

 

 

4,805

 

 

 

698

 

 

 

5,503

 

Balance, November 30, 2022

 

$

30

 

 

$

3,374,388

 

 

$

(77,732

)

 

$

(530,215

)

 

$

(2,473

)

 

$

2,763,998

 

 

$

253,719

 

 

$

3,017,717

 

See notes to unaudited condensed consolidated financial statements.

8


 

E2open Parent Holdings, Inc.

Condensed Consolidated Statements of Stockholders' Equity

(Continued)

(Unaudited)

 

(In thousands)

 

Common
Stock

 

 

Additional
Paid-In
Capital

 

 

Accumulated
Other
Comprehensive
(Loss) Income

 

 

Accumulated
Deficit

 

 

Treasury Stock

 

 

Total
E2open
Equity

 

 

Noncontrolling
Interest

 

 

Total
Equity

 

Balance, February 28, 2023

 

$

30

 

 

$

3,378,633

 

 

$

(68,603

)

 

$

(803,679

)

 

$

(2,473

)

 

$

2,503,908

 

 

$

223,012

 

 

$

2,726,920

 

Share-based compensation

 

 

 

 

 

4,441

 

 

 

 

 

 

 

 

 

 

 

 

4,441

 

 

 

 

 

 

4,441

 

Vesting of restricted stock
    awards, net of shares
    withheld for taxes

 

 

 

 

 

(1,830

)

 

 

 

 

 

 

 

 

 

 

 

(1,830

)

 

 

 

 

 

(1,830

)

Other comprehensive income

 

 

 

 

 

 

 

 

8,170