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: 2013 | |||
Consolidated Statements of Comprehensive Income (Loss) | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 28, 2014) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 6 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Revenues: | |||
| Subscription | $ 349,804 | 204,526 | |
| Professional services and other | 74,846 | 39,186 | |
| Total revenues | 424,650 | 243,712 | |
| Cost of revenues: | |||
| Subscription | 87,928 | 63,258 | |
| Professional services and other | 67,331 | 40,751 | |
| Total cost of revenues | 155,259 | 104,009 | |
| Gross profit | 269,391 | 139,703 | |
| Operating expenses: | |||
| Sales and Marketing | 195,190 | 103,837 | |
| Research and development | 78,678 | 39,333 | |
| General and administrative | 61,790 | 34,117 | |
| Total operating expenses | 335,658 | 177,287 | |
| Income (loss) from operations | (66,267) | (37,584) | |
| Interest and other income (expense), net | (4,930) | 1,604 | |
| Income (loss) before provision for income taxes | (71,197) | (35,980) | |
| Provision for income taxes | 2,511 | 1,368 | |
| Net income (loss) | (73,708) | (37,348) | |
| Net income (loss) available to common stockholders, Basic | (73,708) | (37,656) | |
| Net income (loss) available to common stockholders, Diluted | (73,708) | (37,656) | |
| Net income (loss) per share attributable to common stockholders: | |||
| Basic | (0.54) | (0.51) | |
| Diluted | (0.54) | (0.51) | |
| Weighted-average shares used to compute net income (loss) per share attributable to common stockholders: | |||
| Basic | 135,415,809 | 73,908,631 | |
| Diluted | 135,415,809 | 73,908,631 | |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustments | (303) | (830) | |
| Unrealized loss on investments | (137) | (105) | |
| Provision for (benefit from) income taxes | 0 | 0 | |
| Other comprehensive income (loss), net | (440) | (935) | |
| Comprehensive income (loss) | (74,148) | (38,283) | |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SERVICENOW, INC. | |||
Ticker: NOW Fiscal Year: 2013 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 28, 2014) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 6 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $ (73,708) | (37,348) | |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 24,152 | 13,506 | |
| Amortization of premiums on investments | 4,758 | 1,337 | |
| Amortization of deferred commissions | 29,364 | 13,710 | |
| Amortization of debt discount and issuance costs | 3,498 | 0 | |
| Share-based Compensation | 65,581 | 27,937 | |
| Tax benefit from employee stock plans | (1,658) | (1,694) | |
| Deferred income tax | (231) | (746) | |
| Other | 558 | 2,850 | |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (29,506) | (33,341) | |
| Deferred commissions | (54,943) | (29,175) | |
| Prepaid expenses and other assets | 3,471 | (2,904) [1] | |
| Accounts payable | (252) | 4,887 | |
| Deferred revenue | 94,405 | 64,845 | |
| Accrued expenses and other liabilities | 16,257 | 24,902 | |
| Net cash provided by operating activities | 81,746 | 48,766 | |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (55,321) | (42,066) | |
| Acquisition, net of cash acquired | (13,330) | 0 | |
| Purchases of investments | (570,679) | (240,626) | |
| Sale of investments | (55,158) | (1,025) | |
| Maturities of investments | 181,554 | 42,473 | |
| Restricted cash | (177) | 45 | |
| Net cash used in investing activities | (402,795) | (239,149) | |
| Cash flows from financing activities: | |||
| Net proceeds from initial public offering | 0 | 169,784 | |
| Net proceeds from (offering costs paid in connection with) follow-on offering | (698) | 50,561 | |
| Net proceeds from borrowings on convertible senior notes | 562,941 | 0 | |
| Proceeds from issuance of warrants | 84,525 | 0 | |
| Purchase of convertible note hedge | (135,815) | 0 | |
| Proceeds from employee stock plans | 55,959 | ||
| Proceeds from employee stock plans | 3,912 | ||
| Tax benefit from employee stock plans | 1,658 | 1,694 | |
| Net proceeds from issuance of common stock | 0 | 17,848 | |
| Purchases of common stock and restricted stock from stockholders | 0 | (1,960) | |
| Net cash provided by financing activities | 568,570 | 241,839 | |
| Foreign currency effect on cash and cash equivalents | (207) | (555) | |
| Net increase in cash and cash equivalents | 247,314 | 50,901 | |
| Cash and cash equivalents at beginning of period | 118,989 | 68,088 | 59,853 |
| Cash and cash equivalents at end of period | 366,303 | 118,989 | 68,088 |
| Supplemental disclosures of other cash flow information: | |||
| Taxes paid | 920 | 1,524 | |
| Non-cash investing and financing activities: | |||
| Conversion of preferred stock to common stock | 0 | 68,480 | |
| Property and equipment included in accounts payable and accrued expenses | 3,741 | 1,234 | |
| Exercise of stock options included in prepaid and other assets | 10 | 1,089 | |
| Offering costs not yet paid | 0 | 711 | |
| [1] Includes $5.3 million payment received from our founder during the year ended December 31, 2012. Refer to Note 16. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
SERVICENOW, INC. | ||
Ticker: NOW Fiscal Year: 2013 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2013 10-K (Filed: Feb 28, 2014) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2013 | Dec 31, 2012 | |
| Available-for-sale Securities, Current | $ 268,251 | 195,702 |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | 366,303 | 118,989 |
| Accounts receivable, net | 108,339 | 78,163 |
| Current portion of deferred commissions | 31,123 | 14,979 |
| Prepaid expenses and other current assets | 23,733 | 14,256 |
| Total current assets | 797,749 | 422,089 |
| Deferred commissions, less current portion | 21,318 | 11,296 |
| Long-term investments | 255,356 | 0 |
| Property and equipment, net | 75,560 | 42,342 |
| Intangible Assets, Net | 5,796 | 596 |
| Goodwill | 8,724 | 0 |
| Other assets | 3,973 | 1,791 |
| Total assets | 1,168,476 | 478,114 |
| Liabilities and Stockholders Equity | ||
| Current liabilities: | ||
| Accounts payable | 7,405 | 9,604 |
| Accrued expenses and other current liabilities | 68,130 | 48,059 |
| Current portion of deferred revenue | 252,553 | 153,964 |
| Total current liabilities | 328,088 | 211,627 |
| Deferred Revenue, Noncurrent | 14,169 | 16,397 |
| Convertible senior notes, net | 414,777 | 0 |
| Other long-term liabilities | 17,183 | 6,685 |
| Total liabilities | 774,217 | 234,709 |
| Commitments and contingencies | ||
| Stockholders equity: | ||
| 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; 140,354,605 and 126,367,700 shares issued and outstanding at December 31, 2013 and 2012, respectively | 140 | 126 |
| Additional paid-in capital | 573,791 | 348,803 |
| Accumulated other comprehensive loss | (476) | (36) |
| Accumulated deficit | (179,196) | (105,488) |
| Total stockholders equity | 394,259 | 243,405 |
| Total liabilities and stockholders equity | 1,168,476 | 478,114 |
| External Links | |
| SERVICENOW, INC. (NOW) Fiscal Year 2013 | |
| 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 |