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: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 28, 2017) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Cash flows from operating activities: | |||
| Net loss | $ (451,804) | (198,426) | (179,387) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization | 83,082 | 60,356 | 42,059 |
| Amortization of premiums on investments | 4,725 | 7,064 | 8,084 |
| Amortization of deferred commissions | 81,217 | 65,541 | 51,270 |
| Amortization of debt discount and issuance costs | 33,278 | 31,097 | 29,059 |
| Stock-based compensation | 317,580 | 257,713 | 154,319 |
| Deferred income tax | (3,424) | (1,282) | (1,198) |
| Other | (962) | (6,223) | (4,469) |
| Changes in operating assets and liabilities, net of effect of business combinations: | |||
| Accounts receivable | (125,106) | (50,855) | (56,785) |
| Deferred commissions | (136,459) | (80,142) | (73,786) |
| Prepaid expenses and other assets | (21,500) | (10,961) | (5,540) |
| Accounts payable | (3,554) | 14,785 | 10,223 |
| Deferred revenue | 300,167 | 195,900 | 168,393 |
| Accrued expenses and other liabilities | 82,681 | 33,187 | (1,305) |
| Net cash provided by operating activities(1) | 159,921 | 317,754 | 140,937 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (105,562) | (87,481) | (54,379) |
| Business combinations, net of cash acquired | (34,297) | (1,100) | (99,813) |
| Purchases of other intangibles | (18,750) | (1,750) | 0 |
| Purchases of investments | (518,664) | (712,782) | (521,393) |
| Purchases of strategic investments | (500) | (10,500) | 0 |
| Sales of investments | 297,998 | 277,045 | 166,997 |
| Maturities of investments | 271,537 | 305,047 | 191,715 |
| Restricted cash | (210) | (222) | (55) |
| Net cash used in investing activities | (108,448) | (231,743) | (316,928) |
| Cash flows from financing activities: | |||
| Proceeds from employee stock plans | 66,378 | 93,348 | 69,396 |
| Taxes paid related to net share settlement of equity awards | (119,907) | (12,795) | (661) |
| Payments on financing obligations | (2,223) | (223) | 0 |
| Net cash (used in) provided by financing activities(1) | (55,752) | 80,330 | 68,735 [1] |
| Foreign currency effect on cash and cash equivalents | (6,788) | (6,491) | (6,592) |
| Net increase (decrease) in cash and cash equivalents | (11,067) | 159,850 | (113,848) |
| Cash and cash equivalents at beginning of period | 412,305 | 252,455 | |
| Cash and cash equivalents at end of period | 401,238 | 412,305 | 252,455 |
| Supplemental disclosures of other cash flow information: | |||
| Income taxes paid, net of refunds | 4,338 | 3,630 | 12,604 |
| Non-cash investing and financing activities: | |||
| Property and equipment included in accounts payable and accrued expenses | 15,381 | 14,427 | 10,313 |
| Financing obligations for purchases of other intangibles | 6,210 | 0 | 0 |
| Financing obligation for property and equipment | 0 | 0 | 6,161 |
| New Accounting Pronouncement, Early Adoption | |||
| New accounting pronouncement, early adoption, effect | |||
| Net cash provided by operating activities | 2,700 | 2,000 | |
| Net cash provided by financing activities | (2,700) | (2,000) | |
| [1] During the year ended December 31, 2016, we early adopted Accounting Standards Update 2016-09, "Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting." Refer to Note 2 Recent Accounting Pronouncements for further details. This adoption resulted in a $2.7 million increase in net cash provided by operating activities and a corresponding $2.7 million decrease in net cash provided by financing activities for the year ended December 31, 2015, and a $2.0 million incr | |||
| External Links | |
| SERVICENOW, INC. (NOW) Fiscal Year 2016 | |
| 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 |