Veeva Systems Inc VEEV Cash Flow

Veeva systems inc (VEEV)

CashFlow / TTM

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Oct'12
Cash flows from operating activities
Net income
301,118	306,087	287,927	258,971	229,832	199,335	170,175	158,491	151,177	140,998	127,703	102,059	77,572	64,687	53,539	53,987	54,460	50,196	49,972	46,144	40,383	33,304	29,571	25,991	23,615	23,117	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
19,859	20,236	17,976	15,913	14,071	14,133	14,351	14,424	14,277	14,102	13,970	13,869	13,825	13,959	12,971	10,845	8,464	5,835	4,376	4,023	3,929	3,801	3,553	3,073	2,410	1,726	0	0	0
Amortization of premiums (accretion of discount) on short-term investments
3,274	4,047	4,173	3,430	2,431	1,198	-15	-754	-1,389	-1,689	-1,805	-1,888	-1,852	-1,968	-2,180	-2,461	-2,804	-3,038	-2,956	-2,627	-2,176	-1,432	-919	-587	-364	-299	0	0	0
Stock-based compensation
115,906	98,225	88,822	80,170	76,425	71,510	65,610	59,272	54,049	50,872	47,809	44,443	40,798	36,269	32,005	27,602	24,258	21,185	18,079	15,868	14,325	13,155	11,656	9,471	6,950	4,217	0	0	0
Amortization of deferred costs
20,521	19,108	18,908	18,708	18,378	18,028	17,631	17,118	16,647	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-6,663	-8,962	-7,570	-7,623	-8,091	4,838	2,970	1,806	1,209	-1,148	-1,261	-929	-1,120	-1,267	0	0	-	0	-	-	-	0	-	-	-	0	0	-	0
(Gain) Loss on foreign currency from market-to-market derivative
120	107	52	280	177	36	151	-239	-265	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bad debt expense (recovery)
244	-106	-292	-191	198	289	142	2	-242	-259	39	327	130	104	-166	-11	201	403	410	206	227	97	-178	-28	35	102	0	0	0
Changes in operating assets and liabilities:
Accounts receivable
55,531	26,715	33,376	9,077	78,995	23,918	22,253	49,011	47,799	5,205	5,448	29,070	36,647	-9,535	16,234	6,962	46,653	24,764	5,391	8,107	34,455	-3,265	22,836	21,662	19,738	17,048	0	0	0
Unbilled accounts receivable
14,555	10,910	6,607	5,731	4,774	5,639	5,279	684	4,329	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred costs
25,237	21,043	21,047	19,991	18,941	18,288	17,954	18,629	18,795	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes payable
1,131	4,970	2,090	3,471	637	-6,058	-962	-2,471	-2,520	2,000	-2,795	-2,014	911	-2,621	-1,193	-5,476	-2,994	8,116	6,127	8,866	3,326	-1,240	-3,759	-7,069	-4,784	-3,192	0	0	0
Prepaid expenses and other current and long-term assets
2,700	-478	11,150	12,608	10,562	10,470	4,842	1,715	2,493	-2,057	-7,747	2,050	-831	3,335	2,369	-1,537	-180	269	8,829	2,758	4,652	4,478	3,408	4,284	2,951	2,452	0	0	0
Accounts payable
2,813	-482	1,247	-575	1,822	3,199	1,690	3,833	1,396	2,416	-514	591	1,113	-954	1,577	332	-494	2,108	1,388	-382	1,290	-301	502	1,311	-1,303	-614	0	0	0
Accrued expenses and other current liabilities
-15,230	4,892	6,980	2,768	963	1,502	2,501	3,680	7,149	5,053	1,985	4,146	336	-1,363	3,600	3,473	5,042	92	809	-7,408	-754	6,622	4,325	10,061	9,690	8,877	0	0	0
Deferred revenue
97,753	54,395	69,861	74,680	89,416	30,198	45,323	51,479	58,240	28,028	37,096	57,288	51,234	35,404	62,504	64,911	39,357	12,877	23,809	35,891	45,580	31,154	37,043	30,509	28,473	19,656	0	0	0
Operating lease liabilities
-7,480	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
854	-834	4,105	2,985	3,056	2,988	2,119	3,274	3,818	3,364	3,637	3,063	2,423	2,793	2,925	2,112	1,793	985	385	547	467	6	450	681	773	1,007	0	0	0
Net cash provided by operating activities
437,375	430,139	410,191	396,531	310,827	280,391	271,069	241,862	233,438	229,913	222,672	176,812	144,011	149,545	144,287	147,723	80,154	75,288	89,809	91,235	67,574	85,219	56,230	46,860	41,753	35,244	0	0	0
Cash flows from investing activities
Purchases of short-term investments
752,518	766,093	790,237	762,111	726,379	676,209	668,638	574,771	437,858	391,781	274,339	303,356	314,847	325,032	329,401	280,260	313,357	330,337	339,978	367,676	401,955	348,045	248,524	155,162	21,403	16,974	0	0	0
Maturities and sales of short-term investments
688,091	755,780	691,256	644,750	632,329	539,469	484,138	412,553	294,705	247,032	225,801	214,271	225,600	249,182	376,392	387,249	364,968	357,090	228,982	200,737	156,860	102,157	51,730	12,867	9,700	0	0	0	-
Purchases of property and equipment
3,113	6,049	9,331	8,925	8,440	7,061	4,533	6,382	9,633	10,681	10,502	8,826	6,923	6,477	9,577	18,500	21,153	19,507	15,741	30,942	26,531	26,371	26,041	1,942	1,860	1,823	0	0	0
Acquisitions, net of cash and restricted cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	126,183	0	0	0	-	-	-	-	-	-	0	-	-
Purchases of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Capitalized internal-use software development costs
1,208	1,431	1,570	1,568	1,379	1,409	1,215	1,173	1,734	1,677	1,408	1,235	584	478	446	549	431	306	387	215	413	1,021	1,233	0	-	0	0	-	0
Proceeds from note receivablerelated party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	253	0	0	0	-
Changes in restricted cash and deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-140	-141	-34	-41	-15	-23	-25	-21	0	0	0	-	66	0	0	0
Net cash used in investing activities
-516,910	-17,793	-109,882	-127,854	-103,869	-145,210	-190,248	-169,773	-154,520	-157,209	-60,551	-99,140	-96,754	-82,665	-79,080	-28,790	-96,683	-119,796	-137,663	-208,058	-272,018	-272,653	-223,881	-157,514	-26,576	-27,179	0	0	0
Cash flows from financing activities
Reduction of lease liabilities - finance leases
984	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from early exercise of common stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	0	0	0	-	-	-	-	229	422	0	0	0
Proceeds from exercise of common stock options
10,994	14,800	18,060	21,462	25,910	23,338	22,218	21,327	20,773	21,524	21,250	18,302	12,362	9,738	7,633	6,058	5,875	5,637	6,371	6,290	5,813	4,356	2,349	968	514	509	0	0	0
Net proceeds from offerings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,172	0	0	0	-	-	0	-	-
Proceeds from Employee Stock Purchase Plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Restricted stock units acquired to settle employee tax withholding liability
-	-	-	-	-	-	-	-	-	-	-	-	14	13	12	3	6	0	0	0	-	-	-	-	-	-	-	-	-
Net proceeds from follow-on offering
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Net cash provided by financing activities
10,010	14,071	17,572	21,213	25,910	23,338	22,218	21,327	20,773	30,902	35,936	41,056	37,976	30,533	24,937	19,276	19,406	20,881	27,496	35,539	71,262	62,500	269,216	255,224	215,440	216,665	0	0	0
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
-2,856	-1,478	-2,145	-1,968	-2,077	-1,669	-527	1,365	3,089	1,211	902	888	91	71	445	172	49	86	18	-43	-72	0	0	0	-	-	-	-	-
Net change in cash, cash equivalents, and restricted cash
-72,381	424,939	315,736	287,922	230,791	156,850	102,512	94,781	102,780	104,817	198,959	119,616	85,324	97,484	90,589	138,381	2,926	-23,541	-20,340	-81,327	-133,254	-125,006	101,508	144,534	230,617	224,730	0	0	0
Supplemental disclosures of other cash flow information:
Cash paid for income taxes, net of refunds
14,289	7,277	12,235	17,808	19,541	21,587	16,996	12,321	12,461	8,954	7,909	15,445	14,154	17,045	16,257	20,291	19,968	12,679	12,883	239	1,515	10,790	15,311	21,646	20,673	15,653	0	0	0
Excess tax benefits from employee stock plans
50,411	54,303	57,403	49,703	45,830	39,514	36,168	41,633	45,864	46,708	43,363	36,677	25,628	20,808	17,316	13,219	13,527	15,578	21,459	24,131	25,341	0	0	0	-	-	-	-	-
Non-cash investing and financing activities:
Changes in accounts payable and accrued expenses related to property and equipment purchases
567	-277	-72	-89	644	204	-1,088	-703	-1,388	-617	1,126	563	460	-711	-3,068	-2,837	334	1,541	3,324	3,101	688	0	0	0	-	-	-	-	-
Property and equipment included in accounts payable and accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Vesting of early exercised stock options
-	-	-	-	-	-	-	-	-	1	1	11	26	42	61	69	70	113	181	275	377	430	555	538	572	515	0	0	0
Offering costs not yet paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	-	-	0