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: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 3, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Cash flows from operating activities: | |||
| Net income | $ 230 | 119 | 627 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 472 | 336 | 252 |
| Amortization of deferred commissions | 294 | 218 | 168 |
| Amortization of debt discount and issuance costs | 7 | 24 | 33 |
| Stock-based compensation | 1,131 | 870 | 662 |
| Deferred income taxes | (34) | (24) | (576) |
| Repayments of convertible senior notes attributable to debt discount | (15) | (82) | 0 |
| Loss on extinguishment of 2022 Notes | 3 | 47 | 0 |
| Other | 45 | (2) | (8) |
| Changes in operating assets and liabilities, net of effect of business combinations: | |||
| Accounts receivable | (401) | (152) | (260) |
| Deferred commissions | (565) | (365) | (255) |
| Prepaid expenses and other assets | (93) | (55) | (30) |
| Accounts payable | 55 | (34) | 21 |
| Deferred revenue | 960 | 711 | 537 |
| Accrued expenses and other liabilities | 102 | 175 | 65 |
| Net cash provided by operating activities | 2,191 | 1,786 | 1,236 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (392) | (419) | (265) |
| Business combinations, net of cash acquired | (785) | (107) | (7) |
| Purchases of intangibles | (7) | (13) | (73) |
| Purchases of investments | (2,485) | (2,922) | (1,596) |
| Purchases of strategic investments | (71) | (12) | 0 |
| Sales and maturities of investments | 2,119 | 1,965 | 1,193 |
| Other | 14 | 1 | 23 |
| Net cash used in investing activities | (1,607) | (1,507) | (725) |
| Cash flows from financing activities: | |||
| Net proceeds from borrowings on 2030 Notes | 0 | 1,482 | 0 |
| Repayments of convertible senior notes attributable to principal | (61) | (1,628) | 0 |
| Net proceeds from unwind of 2022 Note Hedge | 0 | 1,106 | 0 |
| Proceeds from employee stock plans | 167 | 146 | 108 |
| Taxes paid related to net share settlement of equity awards | (612) | (509) | (410) |
| Net cash provided by (used in) financing activities | (506) | 597 | (302) |
| Foreign currency effect on cash, cash equivalents and restricted cash | (25) | 25 | 0 |
| Net increase in cash, cash equivalents and restricted cash | 53 | 901 | 209 |
| Cash, cash equivalents and restricted cash at beginning of period | 1,679 | 778 | |
| Cash, cash equivalents and restricted cash at end of period | 1,732 | 1,679 | 778 |
| Cash, cash equivalents and restricted cash at end of period: | |||
| Cash and cash equivalents | 1,728 | 1,677 | 776 |
| Current portion of restricted cash included in prepaid expenses and other current assets | 4 | 2 | 2 |
| Total cash, cash equivalents and restricted cash shown in the consolidated statement of cash flows | 1,732 | 1,679 | 778 |
| Supplemental disclosures of other cash flow information: | |||
| Interest paid | 41 | 0 | 0 |
| Income taxes paid, net of refunds | 36 | 39 | 20 |
| Non-cash investing and financing activities: | |||
| Settlement of 2022 Notes conversion feature | 225 | 275 | 0 |
| Benefit from exercise of 2022 Note Hedge | 224 | 273 | 0 |
| Property and equipment included in accounts payable and accrued expenses | 63 | 35 | 57 |
| External Links | |
| SERVICENOW, INC. (NOW) Fiscal Year 2021 | |
| 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 |