Workiva inc (WK)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Cash flows from operating activities
Net loss

-48,134

-50,071

-44,426

-43,977

-43,399

-41,154

-29,544

-30,585

Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization

4,160

3,781

3,546

3,820

4,410

3,877

2,373

1,039

Stock-based compensation expense

35,784

30,841

19,476

14,247

11,000

7,385

3,370

8,129

Provision for (recovery of) doubtful accounts

-92

550

-517

185

449

123

-83

183

Realized gain on sale of available-for-sale securities, net

-

-

-

6

13

-136

0

0

Accretion of discount on convertible note

-

-

-

-

-

266

0

550

Paid-in-kind interest on convertible note

-

-

-

-

-

134

0

0

Change in fair value of derivative liability

-

-

-

-

-

-193

0

3,271

Loss on early extinguishment of convertible note

-

-

-

-

-

-111

0

-4,206

Amortization (accretion) of premiums and discounts on marketable securities, net

-13

141

-101

-147

-77

0

0

-

Amortization of debt discount and issuance costs

3,262

0

0

-

-

-

-

-

Deferred income tax

-65

-9

0

-32

-76

0

0

-

Recognition of deferred government grant obligation

0

0

1,578

1,141

2,383

99

0

0

Changes in assets and liabilities:
Accounts receivable

-5,166

20,216

5,546

7,101

5,080

-2,602

8,647

-1,014

Deferred commissions

10,268

11,155

498

497

-520

-553

244

-43

Operating lease right-of-use asset

-2,552

-

-

-

-

-

-

-

Operating lease right-of-use asset

-2,552

-

-

-

-

-

-

-

Other receivables

1,250

205

-577

732

523

-155

686

33

Prepaid expenses and other

2,084

-2,020

-2,952

5,513

734

2,251

-394

1,017

Other assets

1,860

-276

-618

654

-81

52

216

333

Accounts payable

2,153

1,699

2,206

-3,930

2,331

-1,530

1,598

827

Deferred revenue

32,039

40,144

29,367

34,211

7,297

19,961

18,237

8,737

Operating lease liability

-3,035

-

-

-

-

-

-

-

Accrued expenses and other liabilities

12,225

8,886

-758

604

5,390

7,137

2,508

4,988

Change in restricted cash

-

-

-

-

-101

-54

0

154

Net cash provided by operating activities

30,566

6,400

5,520

-10,369

-21,592

-3,505

-10,452

-5,763

Cash flows from investing activities
Purchase of property and equipment

3,104

1,122

1,188

1,901

1,843

8,566

9,503

5,685

Purchase of marketable securities

112,565

24,659

14,369

1,301

24,069

0

920

5,240

Sale of marketable securities

498

0

0

7,197

6,521

4,864

1,160

0

Maturities of marketable securities

26,840

20,400

9,281

0

0

-

-

-

Purchase of intangible assets

734

251

197

190

386

394

169

0

Other investments

1,000

0

0

-

-

-

-

-

Net cash provided by (used in) investing activities

-90,065

-5,632

-6,473

3,805

-19,777

-4,096

-9,432

-10,925

Cash flows from financing activities
Repayment of convertible debt

-

-

-

-

-

-

-

25

Proceeds from option exercises

24,152

16,662

12,485

1,597

2,244

580

256

71

Taxes paid related to net share settlements of stock-based compensation awards

390

1,861

1,125

761

0

0

-

-

Proceeds from shares issued in connection with employee stock purchase plan

4,922

3,216

0

0

-

-

-

-

Proceeds from issuance of Series C preferred units

-

-

-

-

-

-

7,165

30,234

Payment of equity issuance costs

-

-

-

-

1,346

0

20

315

Proceeds from public offering, net of underwriters' discount and offering costs

-

-

-

-

-

91,769

0

0

Proceeds from the issuance of convertible senior notes, net of issuance costs

335,899

0

0

-

-

5,000

0

2,455

Repayment of debt to related party

-

-

-

-

-

-

-

1,000

Changes in restricted cash

-

-

-

-

300

-275

20

20

Repayment of other long-term debt

0

0

73

18

84

2,365

181

158

Principal payments on financing obligations

1,213

-

-

-

-

-

-

-

Principal payments on capital lease obligations

-

1,163

1,435

1,863

2,282

1,338

346

0

Distributions to members

-

-

-

-

381

279

61

0

Proceeds from borrowings on line of credit

-

-

-

-

-

3,020

2,017

0

Proceeds from government grants

0

22

51

183

548

2,194

1,520

-

Proceeds from government for training reimbursement

-

-

-

-

-

-

-

357

Deferred financing costs

0

0

81

33

0

113

0

0

Repayment of line of credit

-

-

-

-

-

5,038

0

0

Repayment of government grant

-

-

-

-

101

0

0

-

Government grant awards

-

-

-

-

-

-

-

0

Net cash provided by financing activities

363,370

16,876

9,822

-895

-1,102

93,155

10,370

31,639

Effect of foreign exchange rates on cash

287

-393

183

-10

90

62

50

-1

Net increase in cash and cash equivalents

304,158

17,251

9,052

-7,469

-42,381

85,616

-9,464

14,950

Supplemental cash flow disclosure
Cash paid for interest

1,692

1,734

1,627

1,835

2,048

1,678

488

74

Cash paid for income taxes, net of refunds

371

67

42

47

64

0

0

-

Supplemental disclosure of noncash investing and financing activities
Fixed assets acquired through notes payable

-

-

-

-

-

-

-

85

Fixed assets acquired through financing obligations

-

-

-

-

-

3,478

10,278

8,933

Fixed assets acquired through capital lease arrangements

-

-

-

-

527

1,677

1,749

0

Government loan awarded but not yet received

-

-

-

-

-

-

2,000

0

Derivative liability reclassified upon settlement of convertible notes

-

-

-

-

-

1,392

0

1,484

Conversion of convertible notes and accrued interest into Class A common stock

-

-

-

-

-

4,312

0

13,500

Accrued distributions to members

-

-

-

-

-

346

0

0

Initial public offering cost accruals

-

-

-

-

-

1,342

0

0

Government grant recorded against property and equipment, net

-

-

-

-

908

0

0

-

Allowance for tenant improvements

270

2,192

0

481

698

1,301

0

-

Purchases of property and equipment, accrued but not paid

588

1,287

0

0

354

0

0

-