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: 2014 | |||
Consolidated Statements of Comprehensive Loss | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 27, 2015) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Revenues: | |||
| Subscription | $ 567,217 | 349,804 | 204,526 |
| Professional services and other | 115,346 | 74,846 | 39,186 |
| Total revenues | 682,563 | 424,650 | 243,712 |
| Cost of revenues: | |||
| Subscription | 142,687 | 87,928 | 63,258 |
| Professional services and other | 106,089 | 67,331 | 40,751 |
| Total cost of revenues | 248,776 | 155,259 | 104,009 |
| Gross profit | 433,787 | 269,391 | 139,703 |
| Operating expenses: | |||
| Sales and Marketing | 341,119 | 195,190 | 103,837 [1] |
| Research and development | 148,258 | 78,678 | 39,333 |
| General and administrative | 96,245 | 61,790 | 34,117 |
| Total operating expenses | 585,622 | 335,658 | 177,287 |
| Loss from operations | (151,835) | (66,267) | (37,584) |
| Interest and other income (expense), net | (23,705) | (4,930) | 1,604 |
| Loss before provision for income taxes | (175,540) | (71,197) | (35,980) |
| Provision for income taxes | 3,847 | 2,511 | 1,368 |
| Net loss | (179,387) | (73,708) | (37,348) |
| Net loss available to common stockholders, Basic | (179,387) | (73,708) | (37,656) |
| Net loss available to common stockholders, Diluted | (179,387) | (73,708) | (37,656) |
| Net loss per share attributable to common stockholders: | |||
| Basic | (1.23) | (0.54) | (0.51) |
| Weighted-average shares used to compute net loss per share attributable to common stockholders: | |||
| Weighted Average Number of Shares Outstanding, Basic and Diluted | 145,355,543 | 135,415,809 | 73,908,631 |
| Other Comprehensive Loss, Foreign Currency Transaction and Translation Adjustment, Net of Tax | (11,027) | (303) | (830) |
| Other comprehensive loss: | |||
| Unrealized loss on investments | (610) | (137) | (105) |
| Other comprehensive loss, net | (11,637) | (440) | (935) |
| Comprehensive loss | (191,024) | (74,148) | (38,283) |
| [1] Includes stock-based compensation as follows: Year Ended December 31, 2014 2013 2012 Cost of revenues: Subscription$14,988 $8,434 $3,929Professional services and other13,116 4,749 1,574Sales and marketing54,006 21,609 10,189Research and development42,535 16,223 6,496General and administrative29,674 14,566 5,749 | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SERVICENOW, INC. | |||
Ticker: NOW Fiscal Year: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 27, 2015) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Cash flows from operating activities: | |||
| Net loss | $ (179,387) | (73,708) | (37,348) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 42,059 | 24,152 | 13,506 |
| Amortization of premiums on investments | 8,084 | 4,758 | 1,337 |
| Amortization of deferred commissions | 51,270 | 29,364 | 13,710 |
| Amortization of debt discount and issuance costs | 29,059 | 3,498 | 0 |
| Share-based Compensation | 154,319 | 65,581 | 27,937 |
| Tax benefit from employee stock plans | (2,037) | (1,658) | (1,694) |
| Deferred income tax | (1,198) | (231) | (746) |
| Other | (4,469) | 558 | 2,850 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (56,785) | (29,506) | (33,341) |
| Deferred commissions | (73,786) | (54,943) | (29,175) |
| Prepaid expenses and other assets | (5,540) | 3,471 | (2,904) [1] |
| Accounts payable | 10,223 | (252) | 4,887 |
| Deferred revenue | 168,393 | 94,405 | 64,845 |
| Accrued expenses and other liabilities | (1,305) | 16,257 | 24,902 |
| Net cash provided by operating activities | 138,900 | 81,746 | 48,766 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (54,379) | (55,321) | (42,066) |
| Payments to Acquire Businesses, Net of Cash Acquired | 99,813 | 13,330 | 0 |
| Purchases of investments | (521,393) | (570,679) | (240,626) |
| Sale of investments | (166,997) | (55,158) | (1,025) |
| Maturities of investments | 191,715 | 181,554 | 42,473 |
| Restricted cash | (55) | (177) | 45 |
| Net cash used in investing activities | (316,928) | (402,795) | (239,149) |
| Cash flows from financing activities: | |||
| Net proceeds from initial public offering | 0 | 0 | 169,784 |
| Proceeds from (Payments for) Other Financing Activities | 0 | (698) | 50,561 |
| Net proceeds from borrowings on convertible senior notes | 0 | 562,941 | 0 |
| Proceeds from issuance of warrants | 0 | 84,525 | 0 |
| Purchase of convertible note hedge | 0 | (135,815) | 0 |
| Proceeds from employee stock plans | 68,735 | 55,959 | 3,912 |
| Tax benefit from employee stock plans | 2,037 | 1,658 | 1,694 |
| Net proceeds from issuance of common stock | 0 | 0 | 17,848 |
| Purchases of common stock and restricted stock from stockholders | 0 | 0 | (1,960) |
| Net cash provided by financing activities | 70,772 | 568,570 | 241,839 |
| Foreign currency effect on cash and cash equivalents | (6,592) | (207) | (555) |
| Net increase in cash and cash equivalents | (113,848) | 247,314 | 50,901 |
| Cash and cash equivalents at beginning of period | 366,303 | 118,989 | |
| Cash and cash equivalents at end of period | 252,455 | 366,303 | 118,989 |
| Supplemental disclosures of other cash flow information: | |||
| Taxes paid | 12,604 | 920 | 1,524 |
| Non-cash investing and financing activities: | |||
| Conversion of preferred stock to common stock | 0 | 0 | 68,480 |
| Property and equipment included in accounts payable and accrued expenses | 16,474 | 3,741 | 1,234 |
| Exercise of stock options included in prepaid and other assets | 4 | 10 | 1,089 |
| Offering costs not yet paid | 0 | 0 | 711 |
| Payment of withholding taxes receivable included in prepaid and expenses and other assets | 5,300 | ||
| [1] Includes $5.3 million payment received from our founder during the year ended December 31, 2012. Refer to Note 17. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
SERVICENOW, INC. | ||
Ticker: NOW Fiscal Year: 2014 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2014 10-K (Filed: Feb 27, 2015) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| Available-for-sale Securities, Current | $ 416,336 | 268,251 |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | 252,455 | 366,303 |
| Accounts receivable, net | 159,171 | 108,339 |
| Current portion of deferred commissions | 43,232 | 31,123 |
| Prepaid expenses and other current assets | 35,792 | 23,733 |
| Total current assets | 906,986 | 797,749 |
| Deferred commissions, less current portion | 29,453 | 21,318 |
| Long-term investments | 266,772 | 255,356 |
| Property and equipment, net | 104,237 | 75,560 |
| Intangible Assets, Net (Excluding Goodwill) | 54,526 | 5,796 |
| Goodwill | 55,016 | 8,724 |
| Other assets | 8,089 | 3,973 |
| Total assets | 1,425,079 | 1,168,476 |
| Liabilities and Stockholders Equity | ||
| Current liabilities: | ||
| Accounts payable | 17,829 | 7,405 |
| Accrued expenses and other current liabilities | 79,497 | 68,130 |
| Current portion of deferred revenue | 409,671 | 252,553 |
| Total current liabilities | 506,997 | 328,088 |
| Deferred Revenue, Noncurrent | 12,567 | 14,169 |
| Convertible senior notes, net | 443,764 | 414,777 |
| Other long-term liabilities | 33,076 | 17,183 |
| Total liabilities | 996,404 | 774,217 |
| 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; 149,509,092 and 140,354,605 shares issued and outstanding at December 31, 2014 and 2013, respectively | 150 | 140 |
| Additional paid-in capital | 799,221 | 573,791 |
| Accumulated other comprehensive loss | (12,113) | (476) |
| Accumulated deficit | (358,583) | (179,196) |
| Total stockholders equity | 428,675 | 394,259 |
| Total liabilities and stockholders equity | 1,425,079 | 1,168,476 |
| External Links | |
| SERVICENOW, INC. (NOW) Fiscal Year 2014 | |
| 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 |