ServiceNow Financials

$1.9 B

Revenue FY, 2017

$29.9 B

Mkt cap, 18-Apr-2018
Gross profit (FY, 2017)1.4 B
Gross profit margin (FY, 2017), %74.1%
Net income (FY, 2017)(149.1 M)
EBIT (FY, 2017)(101.4 M)
Cash, 31-Dec-2017726.5 M

Revenue/Financials

Income Statement

Annual

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

Revenue

682.6 m1 b1.4 b1.9 b

Revenue growth, %

61%47%38%

Cost of goods sold

248.8 m329.4 m398.7 m499.8 m

Gross profit

433.8 m676.1 m991.8 m1.4 b

Gross profit Margin, %

64%67%71%74%

Sales and marketing expense

341.1 m498.4 m700.5 m946.6 m

R&D expense

148.3 m217.4 m285.2 m377.5 m

General and administrative expense

96.2 m126.6 m158.9 m210.5 m

Operating expense total

585.6 m842.4 m1.4 b1.5 b

EBIT

(151.8 m)(166.4 m)(422.8 m)(101.4 m)

EBIT margin, %

(22%)(17%)(30%)(5%)

Interest expense

29.1 m31.1 m33.3 m53.4 m

Interest income

5.4 m4.5 m6 m

Pre tax profit

(175.5 m)(193 m)(450.1 m)(149 m)

Income tax expense

3.8 m(5.4 m)(1.8 m)126 k

Net Income

(179.4 m)(198.4 m)(451.8 m)(149.1 m)

Balance Sheet

Annual

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

Cash

252.5 m412.3 m401.2 m726.5 m

Accounts Receivable

159.2 m203.3 m322.8 m434.9 m

Prepaid Expenses

35.8 m29.1 m43.6 m

Current Assets

907 m1.1 b1.3 b2.4 b

PP&E

104.2 m144.7 m181.6 m245.1 m

Goodwill

55 m55.7 m82.5 m128.7 m

Total Assets

1.4 b1.8 b2 b3.4 b

Accounts Payable

17.8 m37.4 m38.1 m32.1 m

Current Liabilities

507 m731.6 m1.1 b2.1 b

Long-term debt

443.8 m474.5 m507.8 m

Total Debt

443.8 m474.5 m507.8 m

Total Liabilities

996.4 m1.2 b1.6 b2.8 b

Common Stock

150 k160 k167 k

Additional Paid-in Capital

799.2 m1.1 b1.4 b1.7 b

Retained Earnings

(358.6 m)(557 m)(997.4 m)(1.1 b)

Total Equity

428.7 m566.8 m387 m584.1 m

Debt to Equity Ratio

1 x0.8 x1.3 x

Debt to Assets Ratio

0.3 x0.3 x0.2 x

Financial Leverage

3.3 x3.2 x5.3 x5.8 x

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

308 m325.4 m349.1 m453.5 m289.1 m325.1 m439.9 m1.2 b1.1 b

Accounts Receivable

142.7 m143.2 m159.8 m190.3 m197.3 m220.1 m278.1 m279.1 m291.9 m

Prepaid Expenses

53.9 m44 m45.3 m46.5 m36.6 m37.3 m64 m54.7 m66.9 m

Current Assets

983.9 m954.1 m981.6 m1.2 b1.1 b1.1 b1.4 b2.1 b2.1 b

PP&E

115.4 m124.9 m132.7 m154.2 m166.6 m176.1 m189.7 m213.5 m231.3 m

Goodwill

54.9 m57.4 m55.5 m57.4 m83.1 m84.4 m96.9 m104.4 m108.1 m

Total Assets

1.5 b1.6 b1.7 b1.9 b1.7 b1.8 b2.2 b2.9 b3.1 b

Accounts Payable

18.2 m21 m30.7 m39.6 m41.1 m30 m33.7 m24.5 m20.8 m

Current Liabilities

540.9 m591.6 m634.8 m1 b852.1 m898.3 m1.1 b1.2 b1.3 b

Long-term debt

451.3 m459 m466.8 m482.6 m490.9 m499.3 m516.5 m1.1 b1.2 b

Total Debt

451.3 m459 m466.8 m482.6 m490.9 m499.3 m516.5 m1.1 b1.2 b

Total Liabilities

1 b1.1 b1.1 b1.6 b1.4 b1.5 b1.7 b2.4 b2.5 b

Common Stock

153 k155 k157 k162 k164 k165 k170 k171 k173 k

Additional Paid-in Capital

887.1 m953.8 m1.1 b1.2 b1.3 b1.3 b1.5 b1.6 b1.7 b

Retained Earnings

(416.7 m)(478.6 m)(519.6 m)(890.3 m)(928.5 m)(964.8 m)(1 b)(1.1 b)(1.1 b)

Total Equity

454.9 m463.1 m516.9 m302.4 m324.3 m362.5 m427.3 m482.4 m551.4 m

Debt to Equity Ratio

1 x1 x0.9 x1.6 x1.5 x1.4 x1.2 x2.4 x2.1 x

Debt to Assets Ratio

0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.2 x0.4 x0.4 x

Financial Leverage

3.3 x3.4 x3.2 x6.2 x5.3 x5 x5.1 x6.1 x5.6 x

Cash Flow

Annual

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

Net Income

(179.4 m)(198.4 m)(451.8 m)(149.1 m)

Depreciation and Amortization

42.1 m60.4 m83.1 m113.9 m

Accounts Receivable

(56.8 m)(50.9 m)(125.1 m)(98.4 m)

Accounts Payable

10.2 m14.8 m(3.6 m)(5.5 m)

Cash From Operating Activities

140.9 m317.8 m159.9 m642.8 m

Purchases of PP&E

(54.4 m)(87.5 m)(105.6 m)(150.5 m)

Cash From Investing Activities

(316.9 m)(231.7 m)(108.4 m)(883.9 m)

Cash From Financing Activities

70.8 m80.3 m(55.8 m)538.9 m

Net Change in Cash

(113.8 m)159.9 m(11.1 m)

Income Taxes Paid

12.6 m3.6 m4.3 m7.9 m

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(58.1 m)(120 m)(161 m)(333.3 m)(383 m)(419.2 m)(40.7 m)

Depreciation and Amortization

13.8 m28.9 m44 m17.5 m37.5 m59.7 m25.2 m

Accounts Receivable

10.4 m11.3 m(5.3 m)15.8 m7 m(15.8 m)47 m

Accounts Payable

6 k1.6 m8.3 m3.4 m(272 k)(8.6 m)675 k

Cash From Operating Activities

67.4 m147.6 m211.2 m78.7 m(69.5 m)27.2 m187.4 m

Purchases of PP&E

(26.7 m)(41.8 m)(62.6 m)(29.1 m)(52.9 m)(84.1 m)(33.2 m)

Cash From Investing Activities

(34.3 m)(99.3 m)(171 m)(31.4 m)(321.6 m)(83.2 m)(128.5 m)

Cash From Financing Activities

29.7 m29.2 m60.6 m(8.7 m)(21.8 m)(30.8 m)(19.6 m)

Net Change in Cash

55.5 m72.9 m96.6 m41.1 m(123.2 m)(87.2 m)38.7 m

Ratios

USDY, 2017

Revenue/Employee

344.7 k

Financial Leverage

5.8 x
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Operating Metrics

ServiceNow's Enterprise Customers was reported to be 3.6 k in FY, 2016. ServiceNow's Backlog was reported to be $1.9b in FY, 2016.
Q4, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Dec, 2017

Customers (G2K)

535 533 558 577 607 636 633 657 682 706 737 735 763 790 815

Billings

$850.96 m$267.83 m$281.41 m$286.41 m$1.20 b$376.68 m$374.91 m$404.28 m$1.69 b$529.23 m$374.91 m$504.92 m

Backlog

$1 b$1.30 b$1.90 b

Enterprise Customers

2.73 k3 k3.60 k

Licensed Users

17 m

Monthly Transactions

8 b
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