Workday, inc. (WDAY)
CashFlow / Quarterly
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Oct'11
Cash flows from operating activities
Net loss

-127,958

-115,729

-120,712

-116,275

-104,361

-153,331

-86,156

-74,410

-89,100

-85,546

-82,532

-64,044

-88,269

-110,114

-107,813

-78,503

-66,258

-77,811

-69,421

-61,558

-59,466

-59,912

-69,215

-59,389

-55,982

-47,534

-35,978

-33,015

-30,944

-41,310

-26,881

-20,055

-19,731

Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization

75,126

72,233

67,754

61,165

59,619

57,602

42,226

38,664

35,698

34,727

33,501

31,797

22,586

30,453

26,662

26,124

25,222

22,260

19,888

18,569

16,526

15,682

14,474

12,523

10,714

9,361

8,051

6,569

5,784

4,461

3,943

3,534

2,522

Share-based compensation expenses

234,422

231,002

208,912

185,235

184,772

187,971

147,063

132,659

126,635

122,479

121,523

107,788

105,717

100,098

88,222

78,235

69,273

68,659

64,764

47,274

39,384

47,008

40,782

28,874

24,969

19,683

9,783

7,416

5,448

6,152

2,283

1,445

1,110

Amortization of deferred costs

25,103

23,015

22,002

20,880

19,414

18,165

17,061

16,360

15,835

14,519

14,009

13,637

12,428

11,561

10,917

10,439

18,267

5,389

7,735

4,625

5,175

5,740

4,421

3,952

3,770

3,211

2,756

2,482

3,032

2,750

2,334

3,252

1,824

Amortization of debt discount and issuance costs

14,634

13,512

14,301

11,587

12,003

12,342

17,490

18,139

17,924

12,257

6,785

6,950

6,876

6,782

6,690

6,599

6,510

6,422

6,336

6,250

6,166

6,083

6,002

5,920

-

5,764

2,790

-

-

-

-

-

-

Non-cash lease expense

-

17,081

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of cost method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

0

65

-

-

0

3,220

-

-

0

0

-

-

-

-

-

-

-

-

-

-

Impairment of cost method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

0

15,000

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Donation of common stock to Workday Foundation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,250

-

-

-

Other

58,184

-2,744

-11,401

-8,976

8,022

30,990

4,894

9,289

13,431

1,133

-1,927

-4,258

-21,335

-78

-1,918

318

-2,381

-48

2,119

-737

-270

-1,808

-242

-604

-422

-86

-196

26

-15

-11

-15

-15

-15

Changes in operating assets and liabilities, net of business combinations:
Trade and other receivables, net

262,280

-2,197

73,437

-157,379

215,092

9,379

104,758

-168,702

174,076

-19,070

71,422

-111,815

117,044

20,693

52,337

-98,319

133,196

14,727

27,570

-59,717

69,824

18,598

1,441

7,013

5,363

19,997

6,808

-7,131

6,338

-7,382

13,543

471

-477

Deferred costs

68,061

34,415

28,207

18,485

62,221

33,226

23,943

12,606

42,489

19,245

19,437

11,381

41,041

13,040

19,541

9,226

47,637

8,744

7,082

3,501

9,278

4,340

6,433

3,463

8,622

5,346

3,867

3,236

5,727

4,673

3,127

3,626

3,029

Prepaid expenses and other assets

18,413

-7,463

1,679

5,107

13,401

5,985

5,446

-8,488

45,610

11,355

8,968

3,050

5,426

3,686

10,070

-2,388

-4,877

9,522

7,806

7,670

7,012

-1,586

2,748

7,350

13,082

2,652

6,579

3,563

2,133

3,395

1,525

2,824

2,149

Accounts payable

15,805

1,938

1,047

1,503

4,084

-12,148

5,987

7,954

-10,079

-7,383

10,778

-565

4,256

2,260

1,542

-1,722

6,363

-3,719

1,428

2,752

-483

4,056

-23

-2,430

-2,016

1,891

1,251

2,421

-138

-253

760

-434

-421

Accrued expenses and other liabilities

-6,375

41,716

-56,524

21,403

-5,446

63,896

-15,182

11,627

-2,273

59,171

-13,472

4,089

-6,252

30,591

-6,517

5,545

23,024

29,785

2,590

4,325

2,204

15,271

-14,602

1,091

12,346

16,458

-9,191

15,453

3,844

3,575

3,258

6,905

3,279

Unearned revenue

423,410

-4,755

55,461

-119,098

378,926

19,379

68,168

-122,055

307,952

6,470

22,434

-21,272

209,500

37,266

51,914

24,937

189,665

34,719

29,665

20,679

124,613

26,658

19,530

48,378

61,796

26,151

24,680

15,678

33,097

4,692

34,407

24,967

10,592

Net cash provided by (used in) operating activities

297,114

258,002

100,319

209,163

250,513

114,296

57,616

184,233

126,548

144,031

15,126

180,022

109,731

71,556

6,522

162,817

98,491

52,759

15,188

92,199

48,275

41,042

-9,011

21,697

34,793

7,076

-12,916

17,310

5,940

-9,358

1,924

12,708

-5,511

Cash flows from investing activities
Purchases of marketable securities

368,422

375,144

582,848

471,054

466,232

89,294

526,216

908,126

686,766

930,783

285,197

613,251

345,482

380,620

557,180

633,956

640,419

623,377

476,470

385,575

247,436

454,219

365,779

670,406

357,752

499,787

441,860

287,841

391,198

288,659

32,073

53,867

2,497

Maturities of marketable securities

346,813

494,023

385,710

460,097

379,041

369,771

655,205

686,676

405,824

372,389

371,471

441,870

371,536

449,592

539,315

625,588

639,995

551,270

429,186

281,407

282,998

368,984

414,242

353,230

150,135

256,240

170,159

406,708

38,792

19,845

36,519

16,421

5,005

Sales of marketable securities

1,009

0

4,551

50,948

4,285

3,388

914,938

27,359

20,904

32,886

180,863

9,074

40,808

63,340

28,652

200

4,000

69,187

19,524

10,000

45,044

0

8,138

0

-

-

0

-

-

-

-

-

-

Owned real estate projects

3,693

21,832

34,149

39,634

55,108

37,302

49,537

39,233

44,660

27,616

22,996

29,539

21,518

59,705

6,788

18,986

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures, excluding owned real estate projects

47,420

55,163

75,576

65,535

44,872

55,427

53,346

48,862

36,059

36,356

38,528

30,593

32,278

27,518

26,539

34,478

41,985

37,893

25,469

28,320

37,665

27,699

28,409

9,873

12,341

16,757

29,732

1,895

9,095

801

3,805

2,197

2,663

Business combinations, net of cash acquired

-

0

12,885

-

-

1,447,600

26,737

-

-

0

0

-

-

144,209

3,670

-

-

23,475

7,961

-

0

0

0

26,317

-

-

0

-

-

-

-

-

-

Purchases of cost method investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

10,000

-

-

-

0

-

-

-

-

-

-

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of other intangible assets

-

0

0

-

-

0

1,000

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of non-marketable equity and other investments

8,100

9,577

5,516

2,200

10,241

29,375

1,000

2,400

5,477

5,272

5,000

450

0

0

200

100

100

700

15,750

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales and maturities of non-marketable equity and other investments

-

252

-

-

-

17,771

-

-

-

294

732

-

-

0

315

-

-

0

3,538

-

-

0

0

-

-

-

-

-

-

-

-

-

-

Other

0

0

32

-23

-11

11

0

0

-

1,000

-

-

0

0

684

-388

760

0

0

0

0

0

0

-1,000

1,000

0

0

-90

-

-

-

-

-

Net cash provided by (used in) investing activities

-541,381

32,559

-320,745

-67,355

-202,426

-1,268,079

912,307

-284,586

-361,978

-595,458

201,345

-222,889

18,358

-99,120

-26,779

-61,344

-39,269

-64,988

-73,402

-122,488

42,941

-112,934

18,192

-352,366

-237,958

-260,304

-301,433

117,062

-361,501

-269,615

641

-39,643

-155

Cash flows from financing activities
Proceeds from initial public offering, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

684,620

-

-

-

Proceeds from borrowings on convertible senior notes, net of issuance costs

-

-

-

-

-

-

-

-

-34,527

1,132,101

32,274

2,253

-

0

-

-

-

-

-

-

-

-

-

-

-

-

584,291

-

-

-

-

-

-

Proceeds from issuance of warrants

-

-

-

-

-

-

-

-

-

80,805

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

92,708

-

-

-

-

-

-

Purchase of convertible senior notes hedges

-

-

-

-

-

-

-

-

-

175,530

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

143,729

-

-

-

-

-

-

Payments on convertible senior notes

-

3

27

-

-

3

350,005

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock from employee equity plans

62,353

1,780

58,085

3,455

49,503

2,767

38,686

2,611

-

1,974

-

-

24,812

4,491

25,395

3,381

20,560

2,360

19,172

3,564

15,459

2,615

15,169

2,996

16,619

398

2,110

4,565

-

278

101

-

-

Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

81,473

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,637

-

-

-

2,955

6,425

705

1,028

Principal payments on capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

663

1,016

1,448

1,474

1,123

4,418

2,744

2,624

2,817

2,935

3,753

3,541

2,369

1,777

1,766

366

Shares repurchased for tax withholdings on vesting of restricted stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,284

5,007

-

-

0

-

-

-

-

-

-

Other

-144

-175

-107

-93

-72

-60

-59

-57

-58

-36

-32

-44

596

435

195

376

-2,572

246

362

417

1,115

91

0

60

858

-596

72

8

-

-

-

-

-

Principal payments on capital lease obligations with related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

831

Net cash provided by (used in) financing activities

62,209

1,602

57,951

3,362

49,409

2,704

-311,378

2,554

32,497

1,039,314

32,242

2,209

25,408

4,926

25,590

3,757

21,115

1,943

18,518

2,533

15,100

1,583

7,467

-4,695

601,049

-776

532,517

820

-3,256

685,206

4,648

-1,061

81,304

Effect of exchange rate changes

-78

48

75

-327

181

-213

-162

-420

490

-322

715

-132

28

-137

-144

638

-143

-399

-210

48

-266

-183

-15

39

-18

32

0

-86

-5

6

-13

8

2

Supplemental cash flow data
Cash paid for interest, net of amounts capitalized

1,875

959

469

3

4

1

14

19

12

18

46

0

452

48

2,652

4

3,153

8

3,211

33

3,255

56

3,369

189

3,895

264

303

424

424

304

309

278

245

Cash paid for income taxes

1,592

1,415

2,469

3,534

2,168

633

1,492

1,714

159

651

1,262

1,346

513

655

3,566

581

472

618

418

616

777

46

120

0

-

-

-

-

-

-

-

-

-

Non-cash investing and financing activities:
Vesting of early exercised stock options

-

-

-

-

-

-

-

-

-

106

282

282

438

445

460

460

471

472

472

472

471

472

471

473

-

-

1,045

531

-

-

-

111

100

Property and equipment acquired under capital leases- related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100

Property and equipment acquired under capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

115

830

13,663

3,990

234

3,250

Accretion of redeemable convertible preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

161

206

201

72

Purchases of property and equipment, accrued but not paid

-111,467

33,155

46,910

77,429

-129,740

60,800

63,052

62,196

-61,244

47,055

33,219

32,515

-31,154

25,917

11,426

21,507

-31,125

17,237

18,642

9,298

-25,442

9,052

12,171

12,995

-13,435

1,360

413

13,275

-

-

-

-

-

Net increase (decrease) in cash, cash equivalents and restricted cash

-182,136

292,211

-162,400

144,843

97,677

-1,151,292

658,383

-98,219

-202,443

587,565

249,428

-40,790

153,525

-22,775

5,189

105,868

80,194

-10,685

-39,906

-27,708

106,050

-70,492

16,633

-335,325

397,866

-253,972

218,168

135,106

-358,822

406,239

7,200

-27,988

75,640

Non-cash additions to property and equipment

-

-

-

-

-

-

-

-

-

649

485

142

1,112

67

394

521

765

4,308

323

1,860

-

-

-

-

-

-

-

-

-

-

-

-

-