$2.9 B

CSOD Mkt cap, 15-Oct-2018

$265.6 M

Cornerstone OnDemand Revenue Q2, 2018
Cornerstone OnDemand Gross profit (Q2, 2018)192.2 M
Cornerstone OnDemand Gross profit margin (Q2, 2018), %72.4%
Cornerstone OnDemand Net income (Q2, 2018)-28.2 M
Cornerstone OnDemand EBIT (Q2, 2018)-11.9 M
Cornerstone OnDemand Cash, 30-Jun-2018450.9 M

Cornerstone OnDemand Revenue Breakdown

Embed Graph

Cornerstone OnDemand revenue breakdown by business segment: 32.3% from Subscription and 67.7% from Professional services

Cornerstone OnDemand Income Statement

Annual

USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

43.7m73.0m117.9m185.1m263.6m339.7m423.1m482.0m

Revenue growth, %

67%61%57%42%29%25%

Cost of goods sold

53.5m77.7m109.9m135.8m142.9m

Gross profit

131.6m185.9m229.8m287.4m339.1m

Gross profit Margin, %

71%71%68%68%70%

Sales and marketing expense

225.6m240.3m

R&D expense

47.0m62.0m

General and administrative expense

71.0m84.6m

Operating expense total

343.6m388.4m

EBIT

(34.0m)(49.9m)(68.7m)(56.3m)(49.3m)

EBIT margin, %

(18%)(19%)(20%)(13%)(10%)

Interest expense

1.1m902.0k442.0k6.6m12.2m12.5m12.9m14.8m

Interest income

357.0k720.0k894.0k1.7m3.0m

Income tax expense

137.0k181.0k(789.0k)(128.0k)855.0k1.2m(1.2m)(1.7m)

Net Income

(40.4m)(64.9m)(85.5m)(66.8m)(61.3m)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

48.3m57.4m61.5m68.3m74.0m82.6m87.3m99.3m107.0m107.8m111.6m116.7m133.1m265.6m

Cost of goods sold

13.6m17.4m17.4m19.4m24.7m27.9m27.2m31.7m36.0m33.4m33.9m35.3m37.0m73.4m

Gross profit

34.6m40.0m44.1m48.9m49.3m54.7m60.0m67.7m71.1m74.4m77.6m81.3m96.1m192.2m

Gross profit Margin, %

72%70%72%72%67%66%69%68%66%69%70%70%72%72%

Sales and marketing expense

28.6m35.1m39.6m41.5m46.0m51.4m53.3m56.7m57.8m53.7m56.9m62.1m59.2m119.1m

R&D expense

5.7m6.9m6.9m7.6m9.8m10.0m10.5m11.0m11.8m12.1m13.4m14.7m16.0m32.3m

General and administrative expense

8.3m10.5m10.5m9.6m11.1m12.3m13.2m16.5m16.5m18.6m20.5m23.1m22.0m44.1m

Operating expense total

42.8m52.7m57.2m58.9m67.0m73.8m77.1m84.3m86.2m84.4m90.8m99.9m104.9m204.2m

EBIT

(8.2m)(12.7m)(13.1m)(9.9m)(17.7m)(19.2m)(17.0m)(16.7m)(15.1m)(10.0m)(13.1m)(18.6m)(8.8m)(11.9m)

EBIT margin, %

(17%)(22%)(21%)(15%)(24%)(23%)(20%)(17%)(14%)(9%)(12%)(16%)(7%)(4%)

Interest expense

3.0m3.0m3.0m3.0m3.1m3.1m3.1m3.2m3.2m3.2m3.3m3.3m8.7m17.5m

Interest income

151.0k223.0k190.0k174.0k170.0k202.0k218.0k346.0k385.0k451.0k613.0k659.0k1.8m4.5m

Income tax expense

(104.0k)(153.0k)(200.0k)(178.0k)(278.0k)(380.0k)(132.0k)(535.0k)(141.0k)(218.0k)(571.0k)(364.0k)(533.0k)(1.1m)

Net Income

(11.1m)(15.8m)(16.6m)(14.3m)(23.3m)(23.3m)(20.1m)(18.2m)(17.6m)(12.4m)(16.2m)(21.3m)(16.2m)(28.2m)

Cornerstone OnDemand Balance Sheet

Annual

usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016FY, 2017

Cash

8.1m7.1m85.4m76.4m109.6m166.6m107.7m83.3m393.6m

Accounts Receivable

67.2m84.5m104.7m136.7m154.4m

Inventories

14.1m13.0m15.3m18.5m

Current Assets

407.5m406.4m400.4m493.5m782.1m

PP&E

14.4m21.4m27.0m24.0m20.8m

Goodwill

8.2m25.9m25.9m25.9m25.9m

Total Assets

451.4m505.7m561.5m623.6m967.2m

Accounts Payable

10.0m16.7m19.0m24.4m17.6m

Short-term debt

Current Liabilities

173.3m230.5m303.4m346.3m644.2m

Long-term debt

Total Liabilities

596.7m945.1m

Additional Paid-in Capital

289.3m336.7m394.1m476.2m537.0m

Retained Earnings

(236.5m)(301.4m)(386.9m)(453.7m)(515.1m)

Total Equity

7.8m27.0m22.1m

Financial Leverage

71.8 x23.1 x43.7 x

Quarterly

USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

79.4m57.9m94.5m112.6m65.3m59.9m107.0m413.3m450.9m

Accounts Receivable

80.6m93.3m88.5m103.3m99.6m98.9m119.2m114.0m110.4m

Current Assets

349.4m352.9m414.2m420.8m388.5m450.4m487.9m785.2m812.0m

PP&E

29.8m28.8m26.8m25.5m24.8m22.1m22.9m24.6m25.9m

Goodwill

25.9m25.9m25.9m25.9m25.9m25.9m25.9m25.9m25.9m

Total Assets

483.4m497.1m525.5m542.5m551.8m577.8m597.4m934.7m949.1m

Accounts Payable

15.9m13.6m12.8m16.5m14.0m9.5m13.5m10.1m9.7m

Current Liabilities

227.0m239.0m273.5m282.6m281.6m298.3m557.6m602.3m604.1m

Total Liabilities

471.3m487.0m518.2m528.1m529.1m548.3m567.8m902.4m904.9m

Additional Paid-in Capital

360.0m377.6m410.9m434.4m454.4m495.3m518.4m546.8m568.2m

Retained Earnings

(347.9m)(368.0m)(405.1m)(422.7m)(435.1m)(469.9m)(491.2m)(512.3m)(524.3m)

Total Equity

12.1m10.1m7.3m14.4m22.8m29.6m29.6m32.4m44.2m

Financial Leverage

39.8 x49.2 x72.1 x37.6 x24.2 x19.6 x20.2 x28.9 x21.5 x

Cornerstone OnDemand Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(40.4m)(64.9m)(85.5m)(66.8m)(61.3m)

Depreciation and Amortization

9.7m15.1m27.5m32.4m35.4m

Accounts Receivable

(19.0m)(19.0m)(22.0m)(38.1m)(14.3m)

Inventories

Accounts Payable

5.1m4.6m4.4m5.9m(6.8m)

Cash From Operating Activities

17.4m33.0m43.8m35.3m67.5m

Purchases of PP&E

(8.8m)(11.0m)(15.6m)

Cash From Investing Activities

(213.4m)15.0m(110.9m)(81.6m)

Long-term Borrowings

(4.0m)(559.0k)(352.0k)

Cash From Financing Activities

228.9m10.8m11.0m23.5m276.9m

Interest Paid

2.3m3.9m1.9m3.8m3.8m

Income Taxes Paid

485.0k546.0k1.5m2.3m2.2m

Free Cash Flow

29.0m60.4m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018Q2, 2018

Net Income

(29.7m)(15.8m)(32.4m)(46.7m)(23.3m)(46.5m)(66.7m)(18.2m)(17.6m)(12.4m)(16.2m)(16.2m)(28.2m)

Depreciation and Amortization

7.0m3.1m6.3m9.8m6.2m12.9m19.9m7.6m7.8m16.2m

Accounts Receivable

(8.0m)14.9m(1.3m)(20.9m)21.4m3.5m(9.5m)15.4m103.3m99.6m98.9m41.9m43.1m

Accounts Payable

3.0m1.1m2.6m2.0m(2.4m)(1.7m)(1.0m)(6.3m)16.5m14.0m9.5m(7.6m)(7.9m)

Cash From Operating Activities

(2.1m)879.0k(7.3m)(11.4m)(2.6m)(15.3m)(9.3m)(14.9m)(4.6m)12.6m

Purchases of PP&E

(6.5m)(3.2m)(7.3m)(10.5m)(5.1m)(8.5m)(15.0m)(1.5m)

Cash From Investing Activities

(210.0m)(7.0m)(12.4m)(1.9m)(75.5m)(73.4m)(105.8m)(2.5m)32.1m53.2m

Long-term Borrowings

(3.9m)(139.0k)(281.0k)(425.0k)(124.0k)(216.0k)(295.0k)

Cash From Financing Activities

225.2m5.2m6.5m8.6m1.2m3.3m8.7m4.1m(8.1m)(8.7m)

Interest Paid

209.0k30.0k54.0k2.0m8.0k14.0k1.9m1.9m3.0m5.0m

Income Taxes Paid

457.0k151.0k355.0k503.0k133.0k644.0k1.2m720.0k452.0k874.0k

Free Cash Flow

(7.1m)5.0m

Cornerstone OnDemand Ratios

USDY, 2018

Financial Leverage

21.5 x
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Cornerstone OnDemand Operating Metrics

Cornerstone OnDemand's Users was reported to be 33.5 m in Q3, 2017. Cornerstone OnDemand's Customers was reported to be 3.1 k in Q3, 2017.
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