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 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. | |||
| 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 |