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 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 | |
| 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 |