$3.1 B

CSOD Mkt cap, 14-Dec-2018

$134 M

Cornerstone OnDemand Revenue Q3, 2018
Cornerstone OnDemand Gross profit (Q3, 2018)97.8 M
Cornerstone OnDemand Gross profit margin (Q3, 2018), %73%
Cornerstone OnDemand Net income (Q3, 2018)-2.4 M
Cornerstone OnDemand EBIT (Q3, 2018)1.6 M
Cornerstone OnDemand Cash, 30-Sep-2018136.6 M

Cornerstone OnDemand Revenue Breakdown

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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

109.7m207.0m225.6m240.3m

R&D expense

21.3m41.0m47.0m62.0m

General and administrative expense

33.6m49.9m71.0m84.6m

Operating expense total

165.6m298.5m343.7m388.4m

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

Pre tax profit

(40.6m)

Income tax expense

137.0k181.0k(789.0k)128.0k855.0k(1.2m)(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, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

48.3m57.4m61.5m68.3m74.0m82.6m87.3m99.3m107.0m107.8m111.6m116.7m121.8m133.1m132.5m134.0m

Cost of goods sold

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

Gross profit

34.6m40.0m44.1m48.9m49.3m54.7m60.0m67.7m71.1m74.4m77.6m81.3m86.1m96.1m96.2m97.8m

Gross profit Margin, %

72%70%72%72%67%66%69%68%66%69%70%70%71%72%73%73%

Sales and marketing expense

28.6m35.1m39.6m41.5m46.0m51.4m53.3m56.7m57.8m53.7m56.9m62.1m60.6m59.2m59.8m53.2m

R&D expense

5.7m6.9m6.9m7.6m9.8m10.0m10.5m11.0m11.8m12.1m13.4m14.7m16.4m16.0m16.3m19.7m

General and administrative expense

8.3m10.5m10.5m9.6m11.1m12.3m13.2m16.5m16.5m18.6m20.5m23.1m21.2m22.0m22.1m23.1m

Operating expense total

42.8m52.7m57.2m58.9m67.0m73.8m77.1m84.3m86.2m84.4m90.8m99.9m98.2m104.9m99.2m96.3m

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)(12.1m)(8.8m)(3.1m)1.6m

EBIT margin, %

(17%)(22%)(21%)(15%)(24%)(23%)(20%)(17%)(14%)(9%)(12%)(16%)(10%)(7%)(2%)1%

Interest expense

3.0m3.0m3.0m3.0m3.1m3.1m3.1m3.2m3.2m3.2m3.3m3.3m3.4m8.7m8.8m5.3m

Interest income

151.0k223.0k190.0k174.0k170.0k202.0k218.0k346.0k385.0k451.0k613.0k659.0k749.0k1.8m2.7m1.7m

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)(503.0k)(533.0k)(536.0k)(522.0k)

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)(14.9m)(16.2m)(12.0m)(2.4m)

Cornerstone OnDemand Balance Sheet

Annual

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

Cash

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

Accounts Receivable

67.2m67.2m84.5m104.7m104.7m136.7m154.4m

Inventories

14.1m13.0m15.3m18.5m

Current Assets

407.5m407.5m406.4m400.4m400.4m493.5m782.1m

PP&E

14.4m14.4m21.4m27.0m27.0m24.0m20.8m

Goodwill

8.2m8.2m25.9m25.9m25.9m25.9m25.9m

Total Assets

451.4m451.4m505.7m561.5m561.5m623.6m967.2m

Accounts Payable

10.0m10.0m16.7m19.0m19.0m24.4m17.6m

Short-term debt

519.0k

Current Liabilities

173.3m173.3m230.5m303.4m303.4m346.3m644.2m

Long-term debt

Total Debt

519.0k

Total Liabilities

398.5m553.7m596.7m945.1m

Additional Paid-in Capital

289.3m289.3m336.7m394.1m394.1m476.2m537.0m

Retained Earnings

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

Total Equity

7.8m7.8m27.0m22.1m

Financial Leverage

71.8 x71.8 x23.1 x43.7 x

Quarterly

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

Cash

89.6m108.7m96.6m104.0m79.4m57.9m94.5m112.6m65.3m59.9m107.0m76.4m413.3m450.9m136.6m

Accounts Receivable

55.6m52.5m69.1m86.9m80.6m93.3m88.5m103.3m99.6m98.9m119.2m124.5m114.0m110.4m97.4m

Current Assets

312.9m373.5m342.6m348.2m349.4m352.9m414.2m420.8m388.5m450.4m487.9m493.7m785.2m812.0m544.9m

PP&E

12.0m17.3m19.4m20.4m29.8m28.8m26.8m25.5m24.8m22.1m22.9m21.6m24.6m25.9m24.6m

Goodwill

8.2m8.2m8.2m8.2m25.9m25.9m25.9m25.9m25.9m25.9m25.9m25.9m25.9m25.9m36.3m

Total Assets

412.8m436.5m446.5m459.3m483.4m497.1m525.5m542.5m551.8m577.8m597.4m621.4m934.7m949.1m699.8m

Accounts Payable

7.2m12.3m12.9m11.6m15.9m13.6m12.8m16.5m14.0m9.5m13.5m16.0m10.1m9.7m11.3m

Short-term debt

514.0k503.0k469.0k403.0k136.0k57.0k

Current Liabilities

137.1m160.3m173.3m185.1m227.0m239.0m273.5m282.6m281.6m298.3m557.6m572.0m602.3m604.1m343.2m

Total Debt

514.0k503.0k469.0k403.0k136.0k57.0k

Total Liabilities

360.1m385.7m402.3m417.9m471.3m487.0m518.2m528.1m529.1m548.3m567.8m587.4m902.4m904.9m645.3m

Additional Paid-in Capital

278.2m303.1m313.3m324.6m360.0m377.6m410.9m434.4m454.4m495.3m518.4m539.2m546.8m568.2m580.7m

Retained Earnings

(225.7m)(252.3m)(268.9m)(283.2m)(347.9m)(368.0m)(405.1m)(422.7m)(435.1m)(469.9m)(491.2m)(506.0m)(512.3m)(524.3m)(526.8m)

Total Equity

52.7m12.1m10.1m7.3m14.4m22.8m29.6m29.6m34.0m32.4m44.2m54.4m

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x0 x

Financial Leverage

7.8 x39.8 x49.2 x72.1 x37.6 x24.2 x19.6 x20.2 x18.3 x28.9 x21.5 x12.9 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)(21.8m)(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

Cornerstone OnDemand Ratios

USDY, 2018

Financial Leverage

12.9 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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Cornerstone OnDemand Employee Rating

3.9828 votes
Culture & Values
4.0
Work/Life Balance
3.8
Senior Management
3.4
Salary & Benefits
3.5
Career Opportunities
3.5
Source