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: 2015 | |||
Consolidated Statements of Comprehensive Loss | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 25, 2016) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Revenues: | |||
| Subscription | $ 848,278 | 567,217 | 349,804 |
| Professional services and other | 157,202 | 115,346 | 74,846 |
| Total revenues | 1,005,480 | 682,563 | 424,650 |
| Cost of revenues: | |||
| Subscription | 183,400 | 142,687 | 87,928 |
| Professional services and other | 146,013 | 106,089 | 67,331 |
| Total cost of revenues | 329,413 | 248,776 | 155,259 |
| Gross profit | 676,067 | 433,787 | 269,391 |
| Operating expenses: | |||
| Sales and marketing | 498,439 | 341,119 [1] | 195,190 |
| Research and development | 217,389 | 148,258 | 78,678 |
| General and administrative | 126,604 | 96,245 | 61,790 |
| Total operating expenses | 842,432 | 585,622 | 335,658 |
| Loss from operations | (166,365) | (151,835) | (66,267) |
| Interest expense | (31,097) | (29,059) | (3,498) |
| Interest income and other income (expense), net | 4,450 | 5,354 | (1,432) |
| Loss before provision for income taxes | (193,012) | (175,540) | (71,197) |
| Provision for income taxes | 5,414 | 3,847 | 2,511 |
| Net loss | (198,426) | (179,387) | (73,708) |
| Net loss attributable to common stockholders - basic | (198,426) | (179,387) | (73,708) |
| Net loss attributable to common stockholders - diluted | (198,426) | (179,387) | (73,708) |
| Net loss per share attributable to common stockholders - basic and diluted (in USD per share) | (1.27) | (1.23) | (0.54) |
| Weighted-average shares used to compute net loss per share attributable to common stockholders - basic and diluted | 155,706,643 | 145,355,543 | 135,415,809 |
| Other comprehensive loss: | |||
| Foreign currency translation adjustments | (3,177) | (11,027) | (303) |
| Unrealized loss on investments, net of tax | (1,592) | (610) | (137) |
| Other comprehensive loss | (4,769) | (11,637) | (440) |
| Comprehensive loss | (203,195) | (191,024) | (74,148) |
| [1] Includes stock-based compensation as follows: Year Ended December 31, 2015 2014 2013 Cost of revenues: Subscription$23,416 $14,988 $8,434Professional services and other23,265 13,116 4,749Sales and marketing102,349 54,006 21,609Research and development70,326 42,535 16,223General and administrative38,357 29,674 14,566 | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SERVICENOW, INC. | |||
Ticker: NOW Fiscal Year: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 25, 2016) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Cash flows from operating activities: | |||
| Net loss | $ (198,426) | (179,387) | (73,708) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization | 60,356 | 42,059 | 24,152 |
| Amortization of premiums on investments | 7,064 | 8,084 | 4,758 |
| Amortization of deferred commissions | 65,541 | 51,270 | 29,364 |
| Amortization of debt discount and issuance costs | 31,097 | 29,059 | 3,498 |
| Stock-based compensation | 257,713 | 154,319 | 65,581 |
| Tax benefit from employee stock plans | (2,663) | (2,037) | (1,658) |
| Deferred income tax | (1,282) | (1,198) | (231) |
| Other | (6,223) | (4,469) | 558 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (50,855) | (56,785) | (29,506) |
| Deferred commissions | (80,142) | (73,786) | (54,943) |
| Prepaid expenses and other assets | (10,961) | (5,540) | 3,471 |
| Accounts payable | 14,785 | 10,223 | (252) |
| Deferred revenue | 195,900 | 168,393 | 94,405 |
| Accrued expenses and other liabilities | 33,187 | (1,305) | 16,257 |
| Net cash provided by operating activities | 315,091 | 138,900 | 81,746 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (87,481) | (54,379) | (55,321) |
| Business combination, net of cash acquired | (1,100) | (99,813) | (13,330) |
| Purchase of other intangibles | (1,750) | 0 | 0 |
| Purchases of investments | (712,782) | (521,393) | (570,679) |
| Purchases of strategic investments | (10,500) | 0 | 0 |
| Sales of investments | 277,045 | 166,997 | 55,158 |
| Maturities of investments | 305,047 | 191,715 | 181,554 |
| Restricted cash | (222) | (55) | (177) |
| Net cash used in investing activities | (231,743) | (316,928) | (402,795) |
| Cash flows from financing activities: | |||
| Net proceeds from (offering costs paid in connection with) follow-on offering | 0 | 0 | (698) |
| Net proceeds from borrowings on convertible senior notes | 0 | 0 | 562,941 |
| Proceeds from issuance of warrants | 0 | 0 | 84,525 |
| Purchase of convertible note hedge | 0 | 0 | (135,815) |
| Proceeds from employee stock plans | 93,348 | 69,396 | 55,959 |
| Taxes paid related to net share settlement of equity awards | (12,795) | (661) | 0 |
| Tax benefit from employee stock plans | 2,663 | 2,037 | 1,658 |
| Payments on financing obligation | (223) | 0 | 0 |
| Net cash provided by financing activities | 82,993 | 70,772 | 568,570 |
| Foreign currency effect on cash and cash equivalents | (6,491) | (6,592) | (207) |
| Net increase (decrease) in cash and cash equivalents | 159,850 | (113,848) | 247,314 |
| Cash and cash equivalents at beginning of period | 252,455 | 366,303 | |
| Cash and cash equivalents at end of period | 412,305 | 252,455 | 366,303 |
| Supplemental disclosures of other cash flow information: | |||
| Income taxes paid | 3,630 | 12,604 | 920 |
| Non-cash investing and financing activities: | |||
| Property and equipment included in accounts payable, accrued expenses and other liabilities | 14,427 | 10,313 | 3,741 |
| Financing obligation for property and equipment | 0 | 6,161 | 0 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
SERVICENOW, INC. | ||
Ticker: NOW Fiscal Year: 2015 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2015 10-K (Filed: Feb 25, 2016) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2015 | Dec 31, 2014 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 412,305 | 252,455 |
| Short-term investments | 388,945 | 416,336 |
| Accounts receivable, net | 203,333 | 159,171 |
| Current portion of deferred commissions | 51,976 | 43,232 |
| Prepaid expenses and other current assets | 29,076 | 35,792 |
| Total current assets | 1,085,635 | 906,986 |
| Deferred commissions, less current portion | 33,016 | 29,453 |
| Long-term investments | 422,667 | 266,772 |
| Property and equipment, net | 144,714 | 104,237 |
| Intangible assets, net | 43,005 | 54,526 |
| Goodwill | 55,669 | 55,016 |
| Other assets | 22,346 | 7,762 |
| Total assets | 1,807,052 | 1,424,752 |
| Liabilities and Stockholders Equity | ||
| Current liabilities: | ||
| Accounts payable | 37,369 | 17,829 |
| Accrued expenses and other current liabilities | 101,264 | 79,497 |
| Current portion of deferred revenue | 593,003 | 409,671 |
| Total current liabilities | 731,636 | 506,997 |
| Deferred revenue, less current portion | 10,751 | 12,567 |
| Convertible senior notes, net | 474,534 | 443,437 |
| Other long-term liabilities | 23,317 | 33,076 |
| Total liabilities | 1,240,238 | 996,077 |
| 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; 160,785,764 and 149,509,092 shares issued and outstanding at December 31, 2015 and 2014, respectively | 160 | 150 |
| Additional paid-in capital | 1,140,545 | 799,221 |
| Accumulated other comprehensive loss | (16,882) | (12,113) |
| Accumulated deficit | (557,009) | (358,583) |
| Total stockholders equity | 566,814 | 428,675 |
| Total liabilities and stockholders equity | 1,807,052 | 1,424,752 |
| External Links | |
| SERVICENOW, INC. (NOW) Fiscal Year 2015 | |
| 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 |