ServiceNow Financials

471.7 M

Revenue Q2, 2017

21.5 B

Mkt cap, 13-Nov-2017
Gross profit (Q2, 2017)350 M
Gross profit margin (Q2, 2017), %74%
Net income (Q2, 2017)(56.5 M)
EBIT (Q2, 2017)(38.7 M)
Cash, 30-Jun-20171.2 B

Financials

Market Value

Revenue/Financials

Income Statement

Annual

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

Revenue

424.7 m682.6 m1 b1.4 b

Revenue growth, %

61%47%38%

Cost of goods sold

27.9 m248.8 m329.4 m398.7 m

Gross profit

396.7 m433.8 m676.1 m991.8 m

Gross profit Margin, %

93%64%67%71%

EBIT

(66.3 m)(151.8 m)(166.4 m)(422.8 m)

EBIT margin, %

(16%)(22%)(17%)(30%)

Interest expense

31.1 m33.3 m

Interest income

1.4 m23.7 m

Pre tax profit

(175.5 m)(193 m)(450.1 m)

Income tax expense

1.1 m3.8 m5.4 m1.8 m

Net Income

(73.7 m)(179.4 m)(198.4 m)(451.8 m)

Quarterly

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

Revenue

111.3 m139.1 m166.8 m178.7 m212 m246.7 m261.2 m305.9 m341.3 m357.7 m416.8 m471.7 m

Cost of goods sold

41.6 m53.1 m58.9 m66.1 m76.9 m79.7 m81.9 m94.3 m96.6 m102.8 m116.4 m121.7 m

Gross profit

69.7 m86 m107.8 m112.6 m135.1 m167 m179.3 m211.6 m244.7 m254.8 m300.3 m350 m

Gross profit Margin, %

63%62%65%63%64%68%69%69%72%71%72%74%

Sales and marketing expense

47.3 m69.4 m91.9 m84 m110.1 m136.6 m117.9 m158.6 m186.5 m166.5 m212.1 m247.2 m

R&D expense

20.8 m31.1 m35.4 m39.7 m49.8 m53.3 m55.8 m65.9 m70.4 m75 m84.5 m90 m

General and administrative expense

16.2 m21.6 m24.9 m23.4 m29.4 m30.4 m33.6 m41.2 m36.1 m40.1 m46.3 m51.5 m

Operating expense total

84.3 m122.2 m152.3 m147.1 m189.3 m220.2 m207.3 m535.8 m292.9 m281.6 m342.8 m388.8 m

EBIT

(14.7 m)(36.2 m)(44.5 m)(34.5 m)(54.2 m)(53.2 m)(28 m)(324.2 m)(48.3 m)(26.8 m)(42.5 m)(38.7 m)

EBIT margin, %

(13%)(26%)(27%)(19%)(26%)(22%)(11%)(106%)(14%)(7%)(10%)(8%)

Interest expense

8.1 m8.2 m8.4 m8.7 m11.3 m

Interest income

600 k6 m5.2 m5.9 m702 k2.3 m1.8 m

Pre tax profit

(14.1 m)(42.1 m)(49.7 m)(40.4 m)(57.1 m)(60.4 m)(39.8 m)(331.6 m)(54.3 m)(33.4 m)(43.5 m)(57.9 m)

Income tax expense

663 k1.2 m661 k602 k987 k1.5 m1.2 m1.8 m(4.6 m)2.9 m(2.8 m)

Net Income

(14.7 m)(43.3 m)(50.4 m)(41.1 m)(58.1 m)(61.9 m)(41 m)(333.3 m)(49.6 m)(36.3 m)(40.7 m)(56.5 m)

Balance Sheet

Annual

USDY, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

29.4 m59.9 m119 m366.3 m252.5 m412.3 m401.2 m

Accounts Receivable

108.3 m159.2 m203.3 m322.8 m

Inventories

23.7 m35.8 m29.1 m43.6 m

Current Assets

797.7 m907 m1.1 b1.3 b

PP&E

75.6 m104.2 m144.7 m181.6 m

Goodwill

8.7 m55 m55.7 m82.5 m

Total Assets

1.2 b1.4 b1.8 b2 b

Accounts Payable

7.4 m17.8 m37.4 m38.1 m

Current Liabilities

328.1 m507 m731.6 m1.1 b

Total Liabilities

1.6 b

Additional Paid-in Capital

573.8 m799.2 m1.1 b1.4 b

Retained Earnings

(179.2 m)(358.6 m)(557 m)(997.4 m)

Total Equity

566.8 m387 m

Financial Leverage

3.2 x5.3 x

Quarterly

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

Cash

121.1 m337.9 m329.3 m235.1 m308 m325.4 m349.1 m453.5 m289.1 m325.1 m439.9 m1.2 b

Accounts Receivable

84.5 m107.9 m109.2 m111.2 m142.7 m143.2 m159.8 m190.3 m197.3 m220.1 m278.1 m279.1 m

Current Assets

342.4 m828.6 m844.7 m821.4 m983.9 m954.1 m981.6 m1.2 b1.1 b1.1 b1.4 b2.1 b

PP&E

68.6 m86.2 m96.5 m97 m115.4 m124.9 m132.7 m154.2 m166.6 m176.1 m189.7 m213.5 m

Goodwill

8.5 m8.7 m8.6 m58.3 m54.9 m57.4 m55.5 m57.4 m83.1 m84.4 m96.9 m104.4 m

Total Assets

578.7 m1.2 b1.3 b1.3 b1.5 b1.6 b1.7 b1.9 b1.7 b1.8 b2.2 b2.9 b

Accounts Payable

7.9 m22.7 m22.5 m11.4 m18.2 m21 m30.7 m39.6 m41.1 m30 m33.7 m24.5 m

Current Liabilities

268.1 m365.5 m403 m419.3 m540.9 m591.6 m634.8 m1 b852.1 m898.3 m1.1 b1.2 b

Total Liabilities

291.1 m820.5 m864.1 m887.2 m1 b1.1 b1.1 b1.6 b1.4 b1.5 b1.7 b2.4 b

Common Stock

139 k143 k145 k148 k153 k155 k157 k162 k164 k165 k170 k171 k

Additional Paid-in Capital

443.1 m626.4 m670.2 m737.5 m887.1 m953.8 m1.1 b1.2 b1.3 b1.3 b1.5 b1.6 b

Retained Earnings

(155 m)(222.5 m)(272.9 m)(313.9 m)(416.7 m)(478.6 m)(519.6 m)(890.3 m)(928.5 m)(964.8 m)(1 b)(1.1 b)

Total Equity

463.1 m516.9 m302.4 m324.3 m362.5 m427.3 m482.4 m

Financial Leverage

3.4 x3.2 x6.2 x5.3 x5 x5.1 x6.1 x

Cash Flow

Annual

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

Net Income

(6.7 m)(179.4 m)(198.4 m)(451.8 m)

Depreciation and Amortization

2 m42.1 m60.4 m83.1 m

Accounts Receivable

(20 m)(57 m)(51 m)(125.1 m)

Accounts Payable

1.5 m10.2 m14.8 m(3.6 m)

Cash From Operating Activities

13.2 m138.9 m315.1 m159.9 m

Purchases of PP&E

(8 m)(54.4 m)(87.5 m)(105.6 m)

Cash From Investing Activities

(8 m)(316.9 m)(231.7 m)(108.4 m)

Cash From Financing Activities

2.2 m70.8 m83 m(55.8 m)

Income Taxes Paid

360 k12.6 m3.6 m4.3 m

Quarterly

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

Net Income

(14.7 m)(43.3 m)(50.4 m)(41.1 m)(58.1 m)(61.9 m)(41 m)(333.3 m)(49.6 m)(36.3 m)(40.7 m)

Accounts Receivable

109.2 m111.2 m142.7 m143.2 m159.8 m190.3 m197.3 m220.1 m278.1 m

Accounts Payable

22.5 m11.4 m18.2 m21 m30.7 m39.6 m41.1 m30 m33.7 m

Ratios

USDY, 2017

Revenue/Employee

90.3 k

Financial Leverage

6.1 x

Operating Metrics

ServiceNow's Enterprise Customers was reported to be 3.6 k in FY, 2016, which is a 20% increase from the previous period. ServiceNow's Backlog was reported to be $1.9 b in FY, 2016, which is a 46% increase from the previous period
Q1, 2014Q2, 2014Q3, 2014Q4, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017

Billings

$267.83 m$281.41 m$207.75 m$850.96 m$267.83 m$281.41 m$286.41 m$1.2 b$376.68 m$374.91 m$404.28 m$1.69 b$529.23 m

Customers (G2K)

464487507535558577607636657682706737763

Backlog

$1 b$1.3 b$1.9 b

Enterprise Customers

2.73 k3 k3.6 k