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Business Combinations (Tables)

3 Months Ended

Mar. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Purchase Consideration Transferred

The purchase consideration transferred consisted of the following:

			Purchase consideration
Cash paid to common and preferred stockholders and vested option holders			$	125.5
Transaction costs paid by Dropbox on behalf of DocSend			5.0
Fair value of assumed DocSend options attributable to pre-combination services(1)			1.2
Purchase price adjustments			0.1
Total purchase consideration			$	131.8

(1) The fair value of options assumed was based upon the Black-Scholes option-pricing model.

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The purchase consideration was allocated to the tangible and intangible assets and liabilities acquired as of the acquisition date, with the excess recorded to goodwill as shown below.

Assets acquired:
Cash and cash equivalents			$	5.1
Acquisition-related intangible assets			20.6
Accounts receivable, prepaid and other assets			6.1
Total assets acquired			$	31.8
Liabilities assumed:
Accounts payable, accrued and other liabilities			$	6.4
Deferred revenue			1.9
Deferred tax liability			1.9
Total liabilities assumed			10.2
Net assets acquired, excluding goodwill			21.6
Total purchase consideration			131.8
Goodwill(2)			$	110.2

(2) The goodwill recognized was primarily attributable to the opportunity to expand the user base of the Company's platform. The goodwill is not deductible for U.S. federal income tax purposes.

Schedule of Identifiable Finite-lived Intangible Assets Acquired and Estimated Weighted Average Useful Lives

The fair value of the separately identifiable finite-lived intangible assets acquired and estimated weighted average useful lives are as follows:

			Estimated fair values						Estimated weighted average useful lives  (In years)
Developed technology			$	11.5					5.0
Customer relationships			8.1						5.0
Trade name			1.0						5.0
Total acquisition-related intangible assets			$	20.6

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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
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Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period.

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Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

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