On the Record · Fitbit
Fitbit acquisitions, on the record
The businesses Fitbit bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
FitStarWord for word“Fitbit Coach. In March 2015, we acquired FitStar, a provider of interactive video-based exercise experiences on mobile devices and computers that utilize proprietary algorithms to adjust and customize workouts for individual users based on data gathered during their workouts.” 10-K for 2017 | acquisition | In March 2015 | — |
Coin, Inc., Pebble Industries, Inc., and Vector Watch S.R.L (assets)Word for word“For example, in 2016, we acquired assets from Coin, Pebble and Vector Watch to enhance the features and functionality of our devices, accelerate the expansion of our platform and ecosystem, and grow our capabilities in lower cost regions of the world.” 10-K for 2017 | acquisition | in 2016 | — |
Twine Health, Inc.Word for word“For example, in 2016, we acquired assets from Coin, Inc., Pebble Industries, Inc., and Vector Watch S.R.L and in 2018 we acquired Twine Health, Inc.” 10-K for 2017 | acquisition | in 2018 | — |
acquisitions (cash portion, net of cash acquired)Word for word“Net cash used in investing activities for 2016 of $392.7 million was due to the purchases of marketable securities of $638.1 million, partially offset by the sale and maturities of marketable securities of $362.3 million, purchases of property and equipment of $78.6 million, and the cash portion of acquisitions of $38.3 million, net of cash acquired.” 10-K for 2017 | acquisition | 2016 | $38.3 million |
Coin, Inc., Pebble Industries, Inc., and Vector Watch S.R.LWord for word“For example, in 2016, we acquired assets from Coin, Inc., Pebble Industries, Inc., and Vector Watch S.R.L and in 2018 we acquired Twine Health, Inc.” 10-K for 2018 | acquisition | 2016 | — |
assets from Coin, Inc., Pebble Industries, Inc., and Vector Watch S.R.LWord for word“For example, in 2016, we acquired assets from Coin, Inc., Pebble Industries, Inc., and Vector Watch S.R.L, and in 2018 we acquired Twine Health, Inc.” 10-K for 2019 | acquisition | 2016 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $38.3 million | $28.9 million |
| 2017-12-31 | $556,000 | $0 |
| 2018-12-31 | $19.3 million | $9.9 million |
| 2019-12-31 | $4.8 million | $3.8 million |
Deal filings since 2016
- 2021-01-14 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2019-11-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-04-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Fitbit’s annual reports (10-K for 2019, 10-K for 2018, 10-K for 2017) and the financial data it files with the SEC, as of 2020-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.