$3.2 B

CSOD Mkt cap, 16-Aug-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

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

Revenue growth, %

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

71%71%68%68%70%

Sales and marketing expense

225.6 m240.3 m

R&D expense

47 m62 m

General and administrative expense

71 m84.6 m

Operating expense total

343.6 m388.4 m

EBIT

(34 m)(49.9 m)(68.7 m)(56.3 m)(49.3 m)

EBIT margin, %

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

Interest expense

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

Interest income

357 k720 k894 k1.7 m3 m

Income tax expense

137 k181 k(789 k)(128 k)855 k1.2 m(1.2 m)(1.7 m)

Net Income

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

Quarterly

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Sales and marketing expense

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

R&D expense

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

General and administrative expense

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

Operating expense total

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

EBIT

(8.2 m)(12.7 m)(13.1 m)(9.9 m)(17.7 m)(19.2 m)(17 m)(16.7 m)(15.1 m)(10 m)(13.1 m)(18.6 m)(8.8 m)(11.9 m)

EBIT margin, %

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

Interest expense

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

Interest income

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

Income tax expense

(104 k)(153 k)(200 k)(178 k)(278 k)(380 k)(132 k)(535 k)(141 k)(218 k)(571 k)(364 k)(533 k)(1.1 m)

Net Income

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

Cornerstone OnDemand Balance Sheet

Annual

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

Cash

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

Accounts Receivable

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

Inventories

14.1 m13 m15.3 m18.5 m

Current Assets

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

PP&E

14.4 m21.4 m27 m24 m20.8 m

Goodwill

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

Total Assets

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

Accounts Payable

10 m16.7 m19 m24.4 m17.6 m

Short-term debt

Current Liabilities

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

Long-term debt

Total Liabilities

596.7 m945.1 m

Additional Paid-in Capital

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

Retained Earnings

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

Total Equity

7.8 m27 m22.1 m

Financial Leverage

71.8 x23.1 x43.7 x

Quarterly

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

Cash

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

Accounts Receivable

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

Current Assets

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

PP&E

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

Goodwill

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

Total Assets

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

Accounts Payable

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

Current Liabilities

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

Total Liabilities

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

Additional Paid-in Capital

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

Retained Earnings

(347.9 m)(368 m)(405.1 m)(422.7 m)(435.1 m)(469.9 m)(491.2 m)(512.3 m)(524.3 m)

Total Equity

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

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

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

Depreciation and Amortization

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

Accounts Receivable

(19 m)(19 m)(22 m)(38.1 m)(14.3 m)

Inventories

Accounts Payable

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

Cash From Operating Activities

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

Purchases of PP&E

(8.8 m)(11 m)(15.6 m)

Cash From Investing Activities

(213.4 m)15 m(110.9 m)(81.6 m)

Long-term Borrowings

(4 m)(559 k)(352 k)

Cash From Financing Activities

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

Interest Paid

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

Income Taxes Paid

485 k546 k1.5 m2.3 m2.2 m

Free Cash Flow

29 m60.4 m

Quarterly

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

Net Income

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

Depreciation and Amortization

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

Accounts Receivable

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

Accounts Payable

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

Cash From Operating Activities

(2.1 m)879 k(7.3 m)(11.4 m)(2.7 m)(15.3 m)(9.3 m)(14.9 m)(4.6 m)12.6 m

Purchases of PP&E

(6.5 m)(3.2 m)(7.3 m)(10.5 m)(5.1 m)(8.5 m)(15 m)(1.5 m)

Cash From Investing Activities

(210 m)(7 m)(12.4 m)(1.9 m)(75.5 m)(73.4 m)(105.8 m)(2.5 m)32.1 m53.2 m

Long-term Borrowings

(3.9 m)(139 k)(281 k)(425 k)(124 k)(216 k)(295 k)

Cash From Financing Activities

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

Interest Paid

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

Income Taxes Paid

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

Free Cash Flow

(7.1 m)5 m

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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