Workiva inc (WK)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
Cash flows from operating activities
Net loss

-51,244

-48,134

-39,557

-34,470

-47,916

-50,071

-56,671

-59,780

-48,208

-44,426

-37,621

-36,439

-37,768

-43,977

-46,754

-48,493

-47,997

-43,399

-45,763

-44,515

-44,049

-41,154

0

0

0

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

4,399

4,160

3,832

3,907

3,812

3,781

3,815

3,536

3,527

3,546

3,516

3,606

3,714

3,820

3,972

4,086

4,238

4,410

4,479

4,553

4,278

3,877

0

0

0

Stock-based compensation expense

37,527

35,784

33,451

31,177

33,129

30,841

29,595

27,310

21,242

19,476

16,885

15,891

14,996

14,247

13,686

13,098

12,216

11,000

9,722

8,053

7,602

7,385

0

0

0

Provision for (recovery of) doubtful accounts

135

-92

181

413

319

550

53

-766

-759

-517

-152

447

349

185

179

493

497

449

343

225

73

123

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

6

12

19

15

13

7

-136

0

-

0

0

-

Accretion of discount on convertible note

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Paid-in-kind interest on convertible note

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Change in fair value of derivative liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

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

-195

-13

167

248

240

141

45

-45

-88

-101

-119

-131

-139

-147

-156

-152

-116

-77

-32

0

0

-

0

-

-

Amortization of debt discount and issuance costs

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax

-47

-65

-72

-55

-27

-9

-4

0

0

-

0

-

-

-

0

0

-

-

0

0

-

-

-

-

-

Recognition of deferred government grant obligation

-

-

-

-

-

-

-

-

-

1,578

1,174

1,214

1,246

1,141

2,785

2,774

2,750

2,383

556

359

165

99

0

0

0

Changes in assets and liabilities:
Accounts receivable

-4,613

-5,166

3,301

8,571

11,940

20,216

-368

-1,302

1,690

5,546

1,666

4,918

3,534

7,101

10,366

6,310

5,050

5,080

1,430

3,271

-1,167

-2,602

0

0

0

Deferred commissions

7,636

10,268

13,515

13,348

11,535

11,155

5,776

4,016

2,145

498

1,091

777

511

497

-680

-762

-677

-520

-246

-230

-376

-553

0

0

0

Operating lease right-of-use asset

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease right-of-use asset

-2,982

-2,552

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other receivables

1,289

1,250

259

433

446

205

282

-777

236

-577

-158

675

-332

732

314

-7

559

523

741

589

91

-155

0

0

0

Prepaid expenses and other

803

2,084

2,429

-263

1,447

-2,020

-567

-3,189

-2,379

-2,952

1,318

6,026

4,523

5,513

1,693

2,326

1,064

734

1,448

999

1,281

2,251

0

0

0

Other assets

470

1,860

1,516

962

1,130

-276

-135

-437

-583

-618

-113

255

614

654

926

399

38

-81

-279

-6

32

52

0

0

0

Accounts payable

2,333

2,153

-140

-40

-2,540

1,699

3,197

3,250

3,866

2,206

-3,302

-3,692

-2,217

-3,930

435

1,013

1,478

2,331

375

1,245

985

-1,530

0

0

0

Deferred revenue

28,824

32,039

39,224

44,024

44,476

40,144

20,001

17,275

22,926

29,367

43,197

50,521

41,522

34,211

19,181

7,639

4,754

7,297

7,972

9,497

12,139

19,961

0

0

0

Operating lease liability

-3,525

-3,035

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other liabilities

8,743

12,225

11,766

9,632

5,208

8,886

6,273

6,478

4,190

-758

3,533

2,469

662

604

646

1,814

3,413

5,390

5,261

4,509

4,602

7,137

0

0

0

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-101

-101

-101

-28

-54

0

0

0

Net cash provided by operating activities

30,196

30,566

28,160

31,045

9,736

6,400

591

-1,805

4,723

5,520

21,700

19,307

11,289

-10,369

-25,358

-32,869

-31,441

-21,592

-21,162

-21,070

-14,280

-3,505

0

0

0

Cash flows from investing activities
Purchase of property and equipment

2,049

3,104

3,240

3,100

2,856

1,122

796

1,260

1,076

1,188

1,935

1,039

1,610

1,901

1,284

1,822

1,384

1,843

2,181

4,320

7,687

8,566

0

0

0

Purchase of marketable securities

111,242

112,565

102,401

54,093

46,814

24,659

20,726

19,302

10,278

14,369

11,866

6,849

5,392

1,301

16,494

16,494

0

-

0

0

-

-

0

-

-

Sale of marketable securities

0

-

0

-

0

-

0

-

-

-

-

-

-

7,197

10,706

13,718

11,314

6,521

3,012

4,864

0

-

0

0

-

Maturities of marketable securities

32,425

26,840

31,790

34,890

27,290

20,400

10,600

8,830

6,780

9,281

7,681

4,851

3,001

0

0

0

0

-

-

-

-

-

-

-

-

Purchase of intangible assets

727

734

789

784

271

251

227

236

230

197

182

165

166

190

194

222

358

386

501

556

459

394

0

0

0

Other investments

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-70,672

-90,065

-75,142

-23,087

-22,651

-5,632

-11,149

-11,968

-4,804

-6,473

-6,302

-3,202

-1,763

3,805

49

-13,197

-14,497

-19,777

-15,362

-4,876

-3,282

-4,096

0

0

0

Cash flows from financing activities
Proceeds from option exercises

15,891

24,152

25,228

26,822

24,642

16,662

19,743

13,363

14,754

12,485

6,906

6,592

2,119

1,597

2,109

2,331

2,448

2,244

1,712

808

642

580

0

0

0

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

1,379

390

390

390

909

1,861

2,050

2,050

1,531

1,125

936

936

936

761

761

761

761

0

0

0

0

-

-

-

-

Proceeds from shares issued in connection with employee stock purchase plan

6,433

4,922

4,922

3,995

3,995

3,216

3,216

1,370

1,370

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment of equity issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,346

1,289

1,346

1,073

0

0

0

0

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

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Changes in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

300

325

325

25

-275

0

0

0

Repayment of other long-term debt

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

84

2,251

2,330

2,336

2,365

0

0

0

Principal payments on financing obligations

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on capital lease obligations

-

-

-

1,166

-

1,163

1,179

1,240

1,436

1,435

1,552

1,742

1,728

1,863

2,045

2,029

2,036

2,282

2,240

2,034

1,845

1,338

0

0

0

Distributions to members

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

Proceeds from borrowings on line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,020

0

0

0

Proceeds from government grants

-

-

0

0

-

-

0

0

-

-

0

0

-

183

183

418

418

548

0

0

0

-

-

-

-

Proceeds from government for training reimbursement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Deferred financing costs

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

0

0

-

-

0

-

-

Repayment of line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

Government grant awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net cash provided by financing activities

355,605

363,370

364,474

29,261

26,591

16,876

19,781

11,370

13,054

9,822

4,286

3,906

-596

-895

-1,012

-556

-745

-1,102

85,297

92,168

90,133

93,155

0

0

0

Effect of foreign exchange rates on cash

-431

287

-211

-1

-196

-393

-98

-88

79

183

192

90

48

-10

69

75

16

90

46

75

65

62

0

0

0

Net increase in cash and cash equivalents

314,698

304,158

317,281

37,218

13,480

17,251

9,125

-2,491

13,052

9,052

19,876

20,101

8,978

-7,469

-26,252

-46,547

-46,667

-42,381

48,819

66,297

72,636

85,616

0

0

0

Supplemental cash flow disclosure
Cash paid for interest

3,548

1,692

1,724

1,752

1,765

1,734

1,738

1,749

1,762

1,627

1,636

1,789

1,811

1,835

2,033

1,921

1,947

2,048

2,075

2,086

1,848

1,678

0

0

0

Cash paid for income taxes, net of refunds

297

371

352

272

298

67

55

57

30

42

68

40

53

47

86

112

72

64

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,478

0

0

0

Fixed assets acquired through capital lease arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

527

750

1,139

1,413

1,677

0

0

0

Accrued distributions to members

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

60

0

0

-

0

-

0

Initial public offering cost accruals

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Allowance for tenant improvements

394

270

912

2,065

2,170

2,192

1,280

127

22

0

0

80

295

481

481

401

186

698

1,999

1,999

1,999

1,301

0

0

0

Purchases of property and equipment, accrued but not paid

-

-

1,197

1,302

-

1,287

534

429

175

0

-652

-147

-65

0

1,006

501

419

354

0

0

0

-

-

-

-