SERVICENOW, INC. (NOW) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-07-01 to 2024-09-30

Swipe to see the full flow
SERVICENOW, INC. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $432,000,000.00Stock-based compensation → Operating adjustments reconciliation: $426,000,000.00Accounts receivable → Operating adjustments reconciliation: $228,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $144,000,000.00Amortization of deferred commissions → Operating adjustments reconciliation: $140,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $239,000,000.00Operating adjustments reconciliation → Deferred revenue: $263,000,000.00Operating adjustments reconciliation → Deferred commissions: $155,000,000.00Operating adjustments reconciliation → Accounts payable: $130,000,000.00Operating adjustments reconciliation → Accrued expenses and other liabilities: $125,000,000.00Operating adjustments reconciliation → Prepaid expenses and other assets: $15,000,000.00Operating adjustments reconciliation → Other: $6,000,000.00Operating adjustments reconciliation → Deferred income taxes: $5,000,000.00Sales and maturities of investments → investing reconciliation: $911,000,000.00Other → investing reconciliation: $27,000,000.00investing reconciliation → Purchases of investments: $1,292,000,000.00investing reconciliation → Purchases of property and equipment: $202,000,000.00investing reconciliation → Purchases of non-marketable investments: $61,000,000.00investing reconciliation → Business combinations, net of cash acquired: $41,000,000.00Net cash used in financing activities → financing reconciliation: $292,000,000.00Proceeds from employee stock plans → financing reconciliation: $106,000,000.00financing reconciliation → Repurchases of common stock: $225,000,000.00financing reconciliation → Taxes paid related to net share settlement of equity awards: $173,000,000.00Net cash used in investing activities → investing reconciliation: $658,000,000.00Exchange-rate effect → Cash sources and uses: $5,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $2,167,000,000.00Net cash from operating activities → Cash sources and uses: $671,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $1,893,000,000.00Cash sources and uses → Net cash used in investing activities: $658,000,000.00Cash sources and uses → Net cash used in financing activities: $292,000,000.00Net income: $432,000,000.00Net income+$432.00 MDepreciation and amortization: $144,000,000.00Depreciation & amortization+$144.00 MAmortization of deferred commissions: $140,000,000.00Deferred commission amortization+$140.00 MStock-based compensation: $426,000,000.00Stock-based compensation+$426.00 MDeferred income taxes: -$5,000,000.00Deferred tax balances−$5.00 MOther: -$6,000,000.00Other operating, net−$6.00 MAccounts receivable: $228,000,000.00Receivables, net+$228.00 MDeferred commissions: -$155,000,000.00Deferred costs−$155.00 MPrepaid expenses and other assets: -$15,000,000.00Prepaid & other assets−$15.00 MAccounts payable: -$130,000,000.00Accounts payable−$130.00 MDeferred revenue: -$263,000,000.00Deferred revenue−$263.00 MAccrued expenses and other liabilities: -$125,000,000.00Accrued & other liabilities−$125.00 MNet cash from operating activities: $671,000,000.00Operating cash+$671.00 MOperating adjustments reconciliation: $938,000,000.00Proceeds from employee stock plans: $106,000,000.00Stock plan proceeds+$106.00 MTaxes paid related to net share settlement of equity awards: -$173,000,000.00Stock-award tax withholding−$173.00 MRepurchases of common stock: -$225,000,000.00Common stock repurchases−$225.00 MBusiness combination: $0.00Net cash used in financing activities: -$292,000,000.00. Cash required to fund net payments.Financing cash−$292.00 Mfinancing reconciliation: $398,000,000.00Purchases of non-marketable investments: -$61,000,000.00Strategic investment purchases−$61.00 MPurchases of property and equipment: -$202,000,000.00PP&E purchases−$202.00 MOther: $27,000,000.00Other investing, net+$27.00 MPurchases of investments: -$1,292,000,000.00Investment purchases−$1.29 BSales and maturities of investments: $911,000,000.00AFS securities proceeds+$911.00 MBusiness combinations, net of cash acquired: -$41,000,000.00Acquisitions, net of cash−$41.00 MPurchases of other intangibles: $0.00Net cash used in investing activities: -$658,000,000.00. Cash required to fund net payments.Investing cash−$658.00 Minvesting reconciliation: $1,596,000,000.00Cash sources and uses: $2,843,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $2,167,000,000.00Beginning cash$2.17 BEnding cash: Cash, cash equivalents, and restricted cash: $1,893,000,000.00Ending cash$1.89 BExchange-rate effect: $5,000,000.00FX effect+$5.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$469.00 MOperating cash − cash spent on PP&ECash flow / Net income1.55×Operating cash flow ÷ net incomeNet cash change−$274.00 MEnding cash − beginning cash
Chart details

SERVICENOW, INC. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024

Cash flows for Jul 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2024
2,167,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
671,000,000 US dollars. Net cash provided.
Net income
432,000,000 US dollars
Depreciation and amortization
144,000,000 US dollars
Amortization of deferred commissions
140,000,000 US dollars
Stock-based compensation
426,000,000 US dollars
Deferred income taxes
negative 5,000,000 US dollars
Other
negative 6,000,000 US dollars
Accounts receivable
228,000,000 US dollars
Deferred commissions
negative 155,000,000 US dollars
Prepaid expenses and other assets
negative 15,000,000 US dollars
Accounts payable
negative 130,000,000 US dollars
Deferred revenue
negative 263,000,000 US dollars
Accrued expenses and other liabilities
negative 125,000,000 US dollars
Investing activities
negative 658,000,000 US dollars. Net cash used.
Purchases of non-marketable investments
negative 61,000,000 US dollars
Purchases of property and equipment
negative 202,000,000 US dollars
Other
27,000,000 US dollars
Purchases of investments
negative 1,292,000,000 US dollars
Sales and maturities of investments
911,000,000 US dollars
Business combinations, net of cash acquired
negative 41,000,000 US dollars
Purchases of other intangibles
0 US dollars
Financing activities
negative 292,000,000 US dollars. Net cash used.
Proceeds from employee stock plans
106,000,000 US dollars
Taxes paid related to net share settlement of equity awards
negative 173,000,000 US dollars
Repurchases of common stock
negative 225,000,000 US dollars
Business combination
0 US dollars
Operating adjustment reconciliation
938,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
398,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
1,596,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
5,000,000 US dollars
Ending cash on Sep 30, 2024
1,893,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
2,843,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 274,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.55×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
671,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
202,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
469,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $239.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 671,000,000 US dollars minus 202,000,000 US dollars equals 469,000,000 US dollars.
SERVICENOW, INC. (NOW) FY2024 Q3 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!