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: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 28, 2018) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Cash flows from operating activities: | |||
| Net loss | $ (149,130) | (451,804) | (198,426) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization | 113,875 | 83,082 | 60,356 |
| Amortization of premiums on investments | 3,092 | 4,725 | 7,064 |
| Amortization of deferred commissions | 115,262 | 81,217 | 65,541 |
| Amortization of debt discount and issuance costs | 53,394 | 33,278 | 31,097 |
| Stock-based compensation | 394,078 | 317,580 | 257,713 |
| Deferred income tax | (9,078) | (3,424) | (1,282) |
| Other | (3,997) | (962) | (6,223) |
| Changes in operating assets and liabilities, net of effect of business combinations: | |||
| Accounts receivable | (98,432) | (125,106) | (50,855) |
| Deferred commissions | (174,503) | (136,459) | (80,142) |
| Prepaid expenses and other assets | (46,138) | (21,500) | (10,961) |
| Accounts payable | (5,504) | (3,554) | 14,785 |
| Deferred revenue | 381,562 | 300,167 | 195,900 |
| Accrued expenses and other liabilities | 68,344 | 82,681 | 33,187 |
| Net cash provided by operating activities | 642,825 | 159,921 | 317,754 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (150,510) | (105,562) | (87,481) |
| Business combinations, net of cash and restricted cash acquired | (58,203) | (34,297) | (1,100) |
| Purchases of other intangibles | (6,670) | (18,750) | (1,750) |
| Purchases of investments | (1,189,511) | (518,664) | (712,782) |
| Purchases of strategic investments | (4,750) | (500) | (10,500) |
| Sales of investments | 85,106 | 297,998 | 277,045 |
| Maturities of investments | 440,590 | 271,537 | 305,047 |
| Net cash used in investing activities | (883,948) | (108,238) | (231,521) |
| Cash flows from financing activities: | |||
| Net proceeds from borrowings on convertible senior notes | 772,127 | 0 | 0 |
| Principal payments on convertible senior notes | (4) | 0 | 0 |
| Proceeds from issuance of warrants | 54,071 | 0 | 0 |
| Purchases of convertible note hedges | (128,017) | 0 | 0 |
| Repurchases and retirement of common stock | (55,000) | 0 | 0 |
| Proceeds from employee stock plans | 82,567 | 66,378 | 93,348 |
| Taxes paid related to net share settlement of equity awards | (181,938) | (119,907) | (12,795) |
| Payments on financing obligations | (4,914) | (2,223) | (223) |
| Net cash provided by (used in) financing activities | 538,892 | (55,752) | 80,330 |
| Foreign currency effect on cash, cash equivalents and restricted cash | 28,128 | (6,785) | (6,513) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 325,897 [1] | (10,854) | 160,050 |
| Cash, cash equivalents and restricted cash at beginning of period | 401,932 | 412,786 | |
| Cash, cash equivalents and restricted cash at end of period | 727,829 | 401,932 | 412,786 |
| Cash, cash equivalents and restricted cash at end of period: | |||
| Cash and cash equivalents | 726,495 | 401,238 | 412,305 |
| Current portion of restricted cash included in prepaid expenses and other current assets | 1,301 | 694 | 481 |
| Non-current portion of restricted cash included in other assets | 33 | 0 | 0 |
| Total cash, cash equivalents and restricted cash shown in the consolidated statement of cash flows | 727,829 | 401,932 | 412,786 |
| Supplemental disclosures of other cash flow information: | |||
| Income taxes paid, net of refunds | 7,899 | 4,338 | 3,630 |
| Non-cash investing and financing activities: | |||
| Property and equipment included in accounts payable and accrued expenses | 15,007 | 15,381 | 14,427 |
| Intangible assets included in accrued expenses and other liabilities | 6,750 | 0 | 0 |
| Financing obligations for purchases of other intangibles | 0 | 6,210 | 0 |
| [1] During the year ended December 31, 2017, we adopted Accounting Standards Update 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash, which requires that amounts generally described as restricted cash or restricted cash equivalents be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. We have adopted changes to the consolidated statements of cash flows on a retrospective basis. The impact of the ad | |||
| External Links | |
| SERVICENOW, INC. (NOW) Fiscal Year 2017 | |
| 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 |