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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill balance
The following table presents the goodwill allocated to the Company’s reportable segments as of September 30, 2023 and December 31, 2022, and the changes during the period:

Twilio
Communications
Twilio
Data & Applications
Total
(In thousands)
Balance as of December 31, 2022$— $— $5,284,153 
Foreign currency adjustments26
Reallocation to segments in the second quarter of 2023(1)
4,321,130 963,049 — 
Foreign currency adjustments251— 251 
Goodwill divested(2)
(41,164)— (41,164)
Balance as of September 30, 2023$4,280,217 $963,049 $5,243,266 
____________________________________
(1) Represents reallocation of goodwill as a result of changes in segment structure in the second quarter of 2023.
(2) Represents goodwill related to the divestitures of IoT and ValueFirst. See Note 5 for further details.
Schedule of intangible assets
Intangible assets consisted of the following:
As of September 30, 2023
CostAccumulated AmortizationNet
Amortizable intangible assets:(In thousands)
Developed technology$778,609 $(408,446)$370,163 
Customer relationships523,074 (252,195)270,879 
Supplier relationships49,756 (24,046)25,710 
Trade names25,968 (22,330)3,638 
Order backlog10,000 (10,000)— 
Patent3,968 (852)3,116 
Total amortizable intangible assets1,391,375 (717,869)673,506 
Non-amortizable intangible assets:
Telecommunication licenses4,920 — 4,920 
Trademarks and other295 — 295 
Total$1,396,590 $(717,869)$678,721 
As of December 31, 2022
CostAccumulated AmortizationNet
Amortizable intangible assets:(In thousands)
Developed technology$795,753 $(335,893)$459,860 
Customer relationships538,466 (204,241)334,225 
Supplier relationships56,922 (19,846)37,076 
Trade names30,342 (20,106)10,236 
Order backlog10,000 (10,000)— 
Patent4,028 (705)3,323 
Total amortizable intangible assets1,435,511 (590,791)844,720 
Non-amortizable intangible assets:
Telecommunication licenses4,920 — 4,920 
Trademarks and other295 — 295 
Total$1,440,726 $(590,791)$849,935 
Schedule of total estimated future amortization expense
Total estimated future amortization expense is as follows:
As of September 30, 2023
Year Ended December 31,(In thousands)
2023 (remaining three months)$48,922 
2024191,486 
2025187,912 
2026117,416 
202769,871 
Thereafter57,899 
Total$673,506