This compares with Total Revenues growth of: 64.6% in … Thus, Coupa's non-GAAP measures should be considered in addition to, not as substitutes for, or in isolation from, measures prepared in accordance with GAAP.Coupa compensates for these limitations by providing investors and other users of its financial information a reconciliation of non-GAAP measures to the related GAAP financial measures. Coupa defines (i) free cash flows as operating cash flows less purchases of property and equipment and (ii) calculated billings as the change in deferred revenue on the balance sheet for the period, plus revenue recognized during the period.Coupa will host a conference call and live webcast for analysts and investors at 5:00 p.m. Eastern time today.A live webcast will be accessible on Coupa's investor relations website at In addition to disclosing financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), this press release and the accompanying tables contain certain non-GAAP financial measures that exclude share-based compensation expenses, amortization of acquired intangible assets, amortization of debt discount and issuance costs from convertible notes, and related tax effects including non-recurring income tax adjustments. While Coupa does not believe this metric is directly correlated to its financial results, it believes that the adoption of its core platform, as evidenced by growth in cumulative spend under management, drives additional value to its customers, which will enhance its ability to acquire new customers and to increase renewals and upsells to existing customers.This release includes forward-looking statements. In addition, the weighted average diluted shares used to calculate non-GAAP net income per share reflect the anti-dilutive impact of the capped call transactions entered into in connection with the convertible notes. Coupa named a Leader in The Forrester Wave™ eProcurement Platforms, Q4 2019. Further information on potential risks that could affect actual results will be included in other periodic filings Coupa makes with the SEC.The forward-looking statements in this release reflect Coupa's expectations as of December 3, 2018. Coupa calculates this metric by aggregating the actual transaction data, for invoices, purchase orders and expenses, from customers on its core platform. All statements other than statements of historical facts, including the statements of management and statements in "Business Outlook" are forward-looking statements.
Total Revenues for Coupa Software Incorporated substantially increased from $187 Mil in 2018 to $260 Mil in 2019; an increase of 39.4%. In addition, other companies may not publish these or similar metrics. This process is automatic. The Company uses the treasury stock method to calculate the non-GAAP diluted shares related to the convertible notes. Coupa believes these non-GAAP measures are useful in evaluating its operating performance compared to that of other companies in its industry, as they generally eliminate the effects of certain items that may vary for different companies for reasons unrelated to overall operating performance.Coupa uses these non-GAAP measures in conjunction with GAAP measures as part of its overall assessment of its performance, including the preparation of its annual operating budget and quarterly forecasts, to evaluate the effectiveness of its business strategies and to communicate with its board of directors concerning its financial performance.