Stock Analysis on Net

ServiceNow Inc. (NYSE:NOW)

Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

ServiceNow Inc., consolidated cash flow statement

US$ in thousands

Microsoft Excel LibreOffice Calc
12 months ended: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Net income (loss) 118,503  626,698  (26,704) (149,130) (451,804)
Depreciation and amortization 336,381  252,114  149,604  113,875  83,082 
Amortization of deferred commissions 217,631  168,014  143,358  115,262  81,217 
Amortization of debt discount and issuance costs 24,478  33,283  52,733  53,394  33,278 
Stock-based compensation 870,453  662,195  543,953  394,078  317,580 
Deferred income taxes (24,481) (575,765) (34,180) (9,078) (3,424)
Repayments of convertible senior notes attributable to debt discount (81,958) —  (145,349) —  — 
Loss on extinguishment of 2022 Notes 46,611  —  —  —  — 
Other (2,493) (8,921) (13,080) (905) 3,763 
Accounts receivable (151,431) (259,835) (146,148) (98,432) (125,106)
Deferred commissions (365,264) (255,605) (239,382) (174,503) (136,459)
Prepaid expenses and other assets (54,203) (29,907) (19,886) (46,138) (21,500)
Accounts payable (33,583) 21,355  (4,757) (5,504) (3,554)
Deferred revenue 710,998  537,249  468,856  381,562  300,167 
Accrued expenses and other liabilities 174,957  65,097  82,071  68,344  82,681 
Changes in operating assets and liabilities, net of effect of business combinations 281,474  78,354  140,754  125,329  96,229 
Adjustments to reconcile net income (loss) to net cash provided by operating activities 1,668,096  609,274  837,793  791,955  611,725 
Net cash provided by operating activities 1,786,599  1,235,972  811,089  642,825  159,921 
Purchases of property and equipment (419,327) (264,892) (224,462) (150,510) (105,562)
Business combinations, net of cash acquired (107,236) (7,414) (37,440) (58,203) (34,297)
Purchases of intangibles (13,190) (72,689) (24,400) (6,670) (18,750)
Purchases of investments (2,933,876) (1,595,667) (1,295,782) (1,194,261) (519,164)
Sales and maturities of investments 1,965,429  1,192,750  1,234,662  525,696  569,535 
Realized gains on derivatives not designated as hedging instruments, net 1,328  23,435  —  —  — 
Restricted cash —  —  —  —  (210)
Net cash used in investing activities (1,506,872) (724,477) (347,422) (883,948) (108,448)
Net proceeds from borrowings on 2030 Notes 1,481,633  —  —  —  — 
Net proceeds from borrowings on convertible senior notes —  —  —  772,127  — 
Repayments of convertible senior notes attributable to principal (1,627,690) (9) (429,645) (4) — 
Net proceeds from unwind of 2022 Note Hedge 1,105,542  —  —  —  — 
Proceeds from issuance of warrants —  —  —  54,071  — 
Purchases of convertible note hedges —  —  —  (128,017) — 
Repurchases and retirement of common stock —  —  —  (55,000) — 
Proceeds from employee stock plans 145,766  107,868  104,160  82,567  66,378 
Taxes paid related to net share settlement of equity awards (508,604) (409,715) (281,010) (181,938) (119,907)
Payments on financing obligations —  —  (933) (4,914) (2,223)
Net cash provided by (used in) financing activities 596,647  (301,856) (607,428) 538,892  (55,752)
Foreign currency effect on cash, cash equivalents and restricted cash 25,065  (186) (15,530) 28,128  (6,788)
Net increase (decrease) in cash, cash equivalents and restricted cash 901,439  209,453  (159,291) 325,897  (11,067)
Cash, cash equivalents and restricted cash at beginning of period 777,991  568,538  727,829  401,932  412,305 
Cash, cash equivalents and restricted cash at end of period 1,679,430  777,991  568,538  727,829  401,238 

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. ServiceNow Inc. net cash provided by operating activities increased from 2018 to 2019 and from 2019 to 2020.
Net cash used in investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. ServiceNow Inc. net cash used in investing activities decreased from 2018 to 2019 and from 2019 to 2020.
Net cash provided by (used in) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. ServiceNow Inc. net cash provided by (used in) financing activities increased from 2018 to 2019 and from 2019 to 2020.