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 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. | |||
| 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 |