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: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 20, 2020) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $ 626,698 | (26,704) | (116,846) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 252,114 | 149,604 | 113,875 |
| Amortization of deferred commissions | 168,014 | 143,358 | 99,105 |
| Amortization of debt discount and issuance costs | 33,283 | 52,733 | 53,394 |
| Stock-based compensation | 662,195 | 543,953 | 394,004 |
| Deferred income taxes | (575,765) | (34,180) | (5,724) |
| Realized gain on marketable equity securities | 0 | (19,257) | 0 |
| Repayments of convertible senior notes attributable to debt discount | 0 | (145,349) | 0 |
| Other | (8,921) | 6,177 | (905) |
| Changes in operating assets and liabilities, net of effect of business combinations: | |||
| Accounts receivable | (259,835) | (146,148) | (99,693) |
| Deferred commissions | (255,605) | (239,382) | (190,246) |
| Prepaid expenses and other assets | (29,907) | (19,886) | (34,288) |
| Accounts payable | 21,355 | (4,757) | (5,504) |
| Deferred revenue | 537,249 | 468,856 | 369,242 |
| Accrued expenses and other liabilities | 65,097 | 82,071 | 66,526 |
| Net cash provided by operating activities | 1,235,972 | 811,089 | 642,940 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (264,892) | (224,462) | (150,510) |
| Business combinations, net of cash and restricted cash acquired | (7,414) | (37,440) | (58,203) |
| Purchases of other intangibles | (72,689) | (24,400) | (6,670) |
| Purchases of investments | (1,595,667) | (1,295,782) | (1,194,261) |
| Sales of investments | 33,503 | 39,975 | 85,106 |
| Maturities of investments | 1,159,247 | 1,194,687 | 440,590 |
| Realized gains on derivatives not designated as hedging instruments, net | 23,435 | 0 | 0 |
| Net cash used in investing activities | (724,477) | (347,422) | (883,948) |
| Cash flows from financing activities: | |||
| Net proceeds from borrowings on convertible senior notes | 0 | 0 | 772,127 |
| Repayments of convertible senior notes attributable to principal | (9) | (429,645) | (4) |
| Proceeds from issuance of warrants | 0 | 0 | 54,071 |
| Purchases of convertible note hedges | 0 | 0 | (128,017) |
| Repurchases and retirement of common stock | 0 | 0 | (55,000) |
| Proceeds from employee stock plans | 107,868 | 104,160 | 82,567 |
| Taxes paid related to net share settlement of equity awards | (409,715) | (281,010) | (181,938) |
| Payments on financing obligations | 0 | (933) | (4,914) |
| Net cash (used in) provided by financing activities | (301,856) | (607,428) | 538,892 |
| Foreign currency effect on cash, cash equivalents and restricted cash | (186) | (15,530) | 28,013 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 209,453 | (159,291) | 325,897 |
| Cash, cash equivalents and restricted cash at beginning of period | 568,538 | 727,829 | |
| Cash, cash equivalents and restricted cash at end of period | 777,991 | 568,538 | 727,829 |
| Cash, cash equivalents and restricted cash at end of period: | |||
| Cash and cash equivalents | 775,778 | 566,204 | 726,495 |
| Current portion of restricted cash included in prepaid expenses and other current assets | 2,213 | 2,334 | 1,301 |
| Non-current portion of restricted cash included in other assets | 0 | 0 | 33 |
| Total cash, cash equivalents and restricted cash shown in the consolidated statement of cash flows | 777,991 | 568,538 | 727,829 |
| Supplemental disclosures of other cash flow information: | |||
| Income taxes paid, net of refunds | 20,471 | 17,507 | 7,899 |
| Non-cash investing and financing activities: | |||
| Settlement of 2018 Notes conversion feature | 0 | 773,302 | 0 |
| Benefit from exercise of 2018 Note Hedge | 0 | 766,858 | 0 |
| Property and equipment included in accounts payable and accrued expenses | 56,966 | 25,767 | 15,007 |
| Purchases of intangible assets included in accrued expenses and other liabilities | 0 | 8,500 | 6,750 |
| External Links | |
| SERVICENOW, INC. (NOW) Fiscal Year 2019 | |
| 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 |