10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SERVICENOW, INC. | |||
Ticker: NOW Fiscal Year: 2012 | |||
Consolidated Statements of Comprehensive Income (Loss) | |||
Period Ending Dec 31, 2012 10-K (Filed: Mar 8, 2013) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 6 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | June 30, 2011 | |
| Revenues: | |||
| Subscription | $ 204,526 | 79,191 | |
| Professional services and other | 39,186 | 13,450 | |
| Total revenues | 243,712 | 92,641 | |
| Cost of revenues: | |||
| Subscription | 63,258 | 15,311 | |
| Professional services and other | 40,751 | 16,264 | |
| Total cost of revenues | 104,009 | 31,575 | |
| Gross profit | 139,703 | 61,066 | |
| Operating expenses: | |||
| Sales and Marketing | 103,837 | 34,123 | |
| Research and development | 39,333 | 7,004 | |
| General and administrative | 34,117 | 9,379 | |
| Total operating expenses | 177,287 | 50,506 | |
| Income (loss) from operations | (37,584) | 10,560 [1] | |
| Interest and other income (expense), net | 1,604 | 606 | |
| Income (loss) before provision for income taxes | (35,980) | 11,166 | |
| Provision for income taxes | 1,368 | 1,336 | |
| Net income (loss) | (37,348) | 9,830 | |
| Net income (loss) available to common stockholders, Basic | (37,656) | 1,639 | |
| Net income (loss) available to common stockholders, Diluted | (37,656) | 2,310 | |
| Net income (loss) per share attributable to common stockholders: | |||
| Basic | (0.51) | 0.09 | |
| Diluted | (0.51) | 0.08 | |
| Weighted-average shares used to compute net income (loss) per share attributable to common stockholders: | |||
| Basic | 73,908,631 | 18,163,977 | |
| Diluted | 73,908,631 | 28,095,486 | |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustments | (830) | 167 | |
| Unrealized loss on investments | (105) | 0 | |
| Provision for (benefit from) income taxes | 0 | 57 | |
| Other comprehensive income (loss), net of tax | (935) | 110 | |
| Comprehensive income (loss) | (38,283) | 9,940 | |
| [1] )Includes stock-based compensation as follows: | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SERVICENOW, INC. | |||
Ticker: NOW Fiscal Year: 2012 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2012 10-K (Filed: Mar 8, 2013) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 6 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | June 30, 2011 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $ (37,348) | 9,830 | |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 13,506 | 1,472 | |
| Amortization of premiums on short-term investments, net | (1,337) | 0 | |
| Amortization of deferred commissions | 13,710 | 4,023 | |
| Stock-based compensation | 27,937 | 2,954 | |
| Tax benefit from exercise of stock options | (1,694) | (138) | |
| Deferred tax assets | (746) | 0 | |
| Expense for preferred stock warrants | 0 | 0 | |
| Bad debt expense | 384 | 0 | |
| (Gain) Loss on disposal of property and equipment | (1) | 60 | |
| Lease abandonment costs | 2,467 | 0 | |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (33,341) | (14,762) | |
| Deferred commissions | (29,175) | (5,568) | |
| Prepaid expenses and other current assets | (2,537) | (2,872) | |
| Other assets | (367) | (308) | |
| Accounts payable | 4,887 | 254 | |
| Accrued expenses and other current liabilities | 22,948 | 5,438 | |
| Deferred rent | (2,227) | 3,179 | |
| Deferred revenue | 64,845 | 33,915 | |
| Other long-term liabilities | 4,181 | (9) | |
| Net cash provided by (used in) operating activities | 48,766 | 37,468 | |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (42,066) | (8,733) | |
| Purchases of short-term investments | (240,626) | 0 | |
| Sale of short-term investments | (1,025) | 0 | |
| Maturities of short-term investments | 42,473 | 0 | |
| Restricted cash | 45 | 350 | |
| Net cash used in investing activities | (239,149) | (8,383) | |
| Cash flows from financing activities: | |||
| Net proceeds from initial public offering | 169,784 | 0 | |
| Net proceeds from issuance of common stock | 50,561 | 0 | |
| Proceeds from exercise of stock options | 2,963 | 446 | |
| Proceeds from early exercise of stock options | 949 | 643 | |
| Tax benefit from exercise of stock options | 1,694 | 138 | |
| Net proceeds from issuance of convertible preferred stock | 0 | 0 | |
| Proceeds from Issuance of Private Placement | 17,848 | 0 | |
| Purchases of common stock and restricted stock from stockholders | (1,960) | 0 | |
| Net cash provided by financing activities | 241,839 | 1,227 | |
| Foreign currency effect on cash and cash equivalents | (555) | 139 | |
| Net increase in cash and cash equivalents | 50,901 | 30,451 | |
| Cash at beginning of period | 68,088 | 59,853 | 29,402 |
| Cash and cash equivalents at end of period | 118,989 | 68,088 | 59,853 |
| Supplemental disclosures of other cash flow information: | |||
| Interest paid | 3 | 5 | |
| Taxes paid | 1,524 | 1,403 | |
| Non-cash investing and financing activities: | |||
| Conversion of preferred stock to common stock | 68,480 | 0 | |
| Property and equipment included in accounts payable and accrued expenses | 1,234 | 756 | |
| Property and equipment acquired under capital leases | 0 | 0 | |
| Exercise of stock options included in prepaid and other assets | 1,089 | 0 | |
| Vesting of early exercised stock options | 1,606 | 36 | |
| Accretion of preferred stock dividends and issuance costs | 308 | 633 | |
| Offering costs not yet paid | 711 | 0 | |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
SERVICENOW, INC. | ||
Ticker: NOW Fiscal Year: 2012 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2012 10-K (Filed: Mar 8, 2013) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 118,989 | 68,088 |
| Restricted cash | 0 | 45 |
| Short-term investments | 195,702 | 0 |
| Accounts receivable, net | 78,163 | 44,860 |
| Current portion of deferred commissions | 14,979 | 6,087 |
| Prepaid expenses and other current assets | 13,596 | 9,883 |
| Current portion of deferred tax assets | 660 | 1,544 |
| Total current assets | 422,089 | 130,507 |
| Deferred commissions, less current portion | 11,296 | 4,597 |
| Property and equipment, net | 42,342 | 20,695 |
| Other assets | 2,387 | 524 |
| Total assets | 478,114 | 156,323 |
| Liabilities, Convertible Preferred Stock and Stockholders Equity (Deficit) | ||
| Current liabilities: | ||
| Accounts payable | 9,604 | 9,411 |
| Accrued expenses and other current liabilities | 48,042 | 25,608 |
| Current portion of deferred revenue | 153,964 | 91,087 |
| Current portion of deferred rent | 17 | 455 |
| Total current liabilities | 211,627 | 126,561 |
| Deferred revenue, less current portion | 16,397 | 13,549 |
| Deferred rent, less current portion | 1,148 | 2,935 |
| Other long-term liabilities | 5,537 | 2,532 |
| Total liabilities | 234,709 | 145,577 |
| Commitments and contingencies | ||
| Convertible preferred stock: | ||
| Convertible preferred stock, $0.001 par value; no shares authorized, issued and outstanding at December 31, 2012 and 11,354,473 shares authorized; 10,462,877 issued and outstanding at December 31, 2011; liquidation preference of $68,610 at December 31, 2011 | 0 | 68,172 |
| Stockholders equity (deficit): | ||
| Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued or outstanding | 0 | 0 |
| Common stock $0.001 par value; 600,000,000 shares authorized; 126,367,700 and 22,229,978 shares issued and outstanding at December 31, 2012 and 2011, respectively | 126 | 22 |
| Additional paid-in capital | 348,803 | 9,793 |
| Accumulated other comprehensive income (loss) | (36) | 899 |
| Accumulated deficit | (105,488) | (68,140) |
| Total stockholders equity (deficit) | 243,405 | (57,426) |
| Total liabilities, convertible preferred stock and stockholders equity (deficit) | 478,114 | 156,323 |
| External Links | |
| SERVICENOW, INC. (NOW) Fiscal Year 2012 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |