Workday market cap is $42.8 b, and annual revenue was $3.63 b in FY 2020

Workday Net income (Q1, 2021)-158.4 M

Workday EBIT (Q1, 2021)-144.5 M

Workday Cash, 30-Apr-20201.2 B

Workday EV43.7 B

Workday revenue was $3.63 b in FY, 2020 which is a 28.5% year over year increase from the previous period.

Workday revenue breakdown by business segment: 14.6% from Professional Services and 85.4% from Subscription Services

Workday revenue breakdown by geographic segment: 24.4% from Other Countries and 75.6% from United States

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|---|

## Revenue | 1.2b | 1.6b | 2.1b | 2.8b | 3.6b |

| 48% | 35% | 37% | 32% | 29% |

## Cost of goods sold | 374.3m | 483.5m | 629.4m | 835.0m | 1.1b |

## Gross profit | 788.0m | 1.1b | 1.5b | 2.0b | 2.6b |

| 68% | 69% | 71% | 70% | 71% |

## Sales and marketing expense | 434.1m | 583.9m | 683.4m | 891.3m | 1.1b |

## R&D expense | 469.9m | 680.5m | 910.6m | 1.2b | 1.5b |

## General and administrative expense | 148.6m | 198.1m | 222.9m | 347.3m | 367.7m |

## Operating expense total | 1.4b | 1.5b | 2.4b | 2.5b | 3.1b |

## EBIT | (264.7m) | (376.7m) | (303.2m) | (463.3m) | (502.2m) |

| (23%) | (24%) | (14%) | (16%) | (14%) |

## Interest expense | 31.9m | 30.1m | 44.5m | ||

## Interest income | 4.9m | 11.3m | 25.3m | ||

## Pre tax profit | (288.9m) | (409.1m) | (314.8m) | (423.8m) | (482.4m) |

## Income tax expense | 1.0m | (814.0k) | 6.4m | (5.5m) | (1.8m) |

## Net Income | (289.9m) | (408.3m) | (321.2m) | (418.3m) | (480.7m) |

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|---|

## Cash | 300.1m | 539.9m | 1.1b | 638.6m | 731.1m |

## Accounts Receivable | 293.4m | 409.8m | 528.2m | 704.7m | 877.6m |

## Prepaid Expenses | 77.6m | 66.6m | 97.9m | 136.7m | 172.0m |

## Current Assets | 2.4b | 2.5b | 4.0b | 2.7b | 3.1b |

## PP&E | 214.2m | 365.9m | 546.6m | 796.9m | 936.2m |

## Goodwill | 65.8m | 158.4m | 159.4m | 1.4b | 1.8b |

## Total Assets | 2.7b | 3.3b | 4.9b | 5.5b | 6.8b |

## Accounts Payable | 19.6m | 26.8m | 21.0m | 29.1m | 57.6m |

## Short-term debt | 341.5m | 232.5m | 310.5m | ||

## Current Liabilities | 922.7m | 1.3b | 2.1b | 2.4b | 3.0b |

## Long-term debt | 507.5m | 534.4m | 1.1b | 972.3m | 1.3b |

## Total Debt | 507.5m | 534.4m | 1.1b | 1.2b | 1.6b |

## Total Liabilities | 1.6b | 2.0b | 3.4b | 3.6b | 4.3b |

## Common Stock | 193.0k | 202.0k | 211.0k | 221.0k | 231.0k |

## Additional Paid-in Capital | 2.2b | 2.7b | 3.4b | 4.1b | 5.1b |

## Retained Earnings | (1.1b) | (1.4b) | (1.7b) | (2.1b) | (2.6b) |

## Total Equity | 1.1b | 1.3b | 1.6b | 2.0b | 2.5b |

## Debt to Equity Ratio | 0.4 x | 0.4 x | 0.7 x | 0.6 x | 0.6 x |

## Debt to Assets Ratio | 0.2 x | 0.2 x | 0.2 x | 0.2 x | 0.2 x |

## Financial Leverage | 2.4 x | 2.6 x | 3.1 x | 2.8 x | 2.7 x |

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|---|

## Net Income | (289.9m) | (408.3m) | (321.2m) | (418.3m) | (480.7m) |

## Depreciation and Amortization | 85.9m | 115.9m | 137.0m | 198.1m | 276.3m |

## Accounts Receivable | (105.3m) | (88.6m) | (114.6m) | (160.5m) | (176.1m) |

## Accounts Payable | 6.8m | 6.3m | (7.2m) | 5.9m | 20.3m |

## Cash From Operating Activities | 258.6m | 348.7m | 465.7m | 606.7m | 864.6m |

## Purchases of PP&E | (133.7m) | (120.8m) | (141.5m) | (202.5m) | (243.7m) |

## Cash From Investing Activities | (300.1m) | (168.9m) | (979.0m) | (842.8m) | (896.9m) |

## Long-term Borrowings | (175.5m) | (350.0m) | (30.0k) | ||

## Cash From Financing Activities | 44.1m | 59.7m | 1.1b | (256.7m) | 125.1m |

## Net Change in Cash | 1.9m | 239.8m | 593.8m | (493.5m) | 92.5m |

## Interest Paid | 6.5m | 6.5m | 76.0k | 38.0k | 3.3m |

## Income Taxes Paid | 2.1m | 5.3m | 3.4m | 6.0m | 9.0m |

USD | Y, 2020 |
---|---|

## EV/EBIT | -302.3 x |

## EV/CFO | 165.6 x |

## Financial Leverage | 2.8 x |

Workday's Backlog was reported to be $2.5b in FY, 2017. Workday's Enterprise Customers was reported to be 2.1 k in FY, 2018.

- Source: Company Filings