Veeva Systems Inc. (VEEV) FY2025 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-08-01 to 2024-10-31

Swipe to see the full flow
Veeva Systems Inc. cash flow reconciliation, Aug 1, 2024 through Oct 31, 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. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $164,117,000.00Net income → Operating adjustments reconciliation: $21,691,000.00Stock-based compensation → Operating adjustments reconciliation: $117,859,000.00Accounts receivable → Operating adjustments reconciliation: $108,721,000.00Depreciation and amortization → Operating adjustments reconciliation: $9,932,000.00Income taxes payable → Operating adjustments reconciliation: $5,187,000.00Amortization of deferred costs → Operating adjustments reconciliation: $3,856,000.00Accounts payable → Operating adjustments reconciliation: $3,767,000.00Reduction of operating lease right-of-use assets → Operating adjustments reconciliation: $2,840,000.00Other long-term liabilities → Operating adjustments reconciliation: $945,000.00Bad debt expense → Operating adjustments reconciliation: $181,000.00Operating adjustments reconciliation → Deferred revenue: $217,438,000.00Operating adjustments reconciliation → Deferred income taxes: $31,430,000.00Operating adjustments reconciliation → Accretion of discount on short-term investments: $6,188,000.00Operating adjustments reconciliation → Unbilled accounts receivable: $6,040,000.00Operating adjustments reconciliation → Accrued expenses and other current liabilities: $4,723,000.00Operating adjustments reconciliation → Prepaid expenses and other current and long-term assets: $2,990,000.00Operating adjustments reconciliation → Deferred costs: $2,932,000.00Operating adjustments reconciliation → Operating lease liabilities: $2,465,000.00Operating adjustments reconciliation → (Gain) loss on foreign currency from mark-to-market derivative: $773,000.00Proceeds from exercise of common stock options → financing reconciliation: $30,270,000.00financing reconciliation → Net cash from financing activities: $12,960,000.00financing reconciliation → Taxes paid related to net share settlement of equity awards: $17,310,000.00Net cash used in investing activities → investing reconciliation: $298,226,000.00Maturities and sales of short-term investments → investing reconciliation: $520,269,000.00investing reconciliation → Purchases of short-term investments: $814,224,000.00investing reconciliation → Long-term assets: $4,271,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,167,932,000.00Net cash from operating activities → Cash sources and uses: $164,117,000.00Net cash from financing activities → Cash sources and uses: $12,960,000.00Cash sources and uses → Exchange-rate effect: $94,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $1,046,689,000.00Cash sources and uses → Net cash used in investing activities: $298,226,000.00Depreciation and amortization: $9,932,000.00Other D&A+$9.93 MAccretion of discount on short-term investments: -$6,188,000.00Investment discount & premium−$6.19 MStock-based compensation: $117,859,000.00Stock-based compensation+$117.86 MAmortization of deferred costs: $3,856,000.00Amortization of deferred costs+$3.86 MDeferred income taxes: -$31,430,000.00Deferred income taxes−$31.43 M(Gain) loss on foreign currency from mark-to-market derivative: -$773,000.00FX transaction gain & loss−$773.00 KBad debt expense: $181,000.00Credit loss provision+$181.00 KAccounts receivable: $108,721,000.00Accounts receivable+$108.72 MUnbilled accounts receivable: -$6,040,000.00Unbilled accounts receivable−$6.04 MDeferred costs: -$2,932,000.00Deferred costs−$2.93 MIncome taxes payable: $5,187,000.00Income taxes payable+$5.19 MPrepaid expenses and other current and long-term assets: -$2,990,000.00Prepaid & other assets−$2.99 MAccounts payable: $3,767,000.00Accounts payable+$3.77 MAccrued expenses and other current liabilities: -$4,723,000.00Accrued liabilities−$4.72 MDeferred revenue: -$217,438,000.00Unearned revenue−$217.44 MOther long-term liabilities: $945,000.00Other noncurrent liabilities+$945.00 KNet income: $185,808,000.00Net income+$185.81 MOperating lease liabilities: -$2,465,000.00Operating lease liabilities−$2.47 MReduction of operating lease right-of-use assets: $2,840,000.00Operating lease amortization+$2.84 MNet cash from operating activities: $164,117,000.00Operating cash+$164.12 MOperating adjustments reconciliation: $274,979,000.00Proceeds from exercise of common stock options: $30,270,000.00Stock option exercises+$30.27 MTaxes paid related to net share settlement of equity awards: -$17,310,000.00Stock-award tax withholding−$17.31 MNet cash from financing activities: $12,960,000.00Financing cash+$12.96 Mfinancing reconciliation: $30,270,000.00Purchases of short-term investments: -$814,224,000.00AFS securities purchases−$814.22 MLong-term assets: -$4,271,000.00Software spending−$4.27 MMaturities and sales of short-term investments: $520,269,000.00AFS securities proceeds+$520.27 MNet cash used in investing activities: -$298,226,000.00. Cash required to fund net payments.Investing cash−$298.23 Minvesting reconciliation: $818,495,000.00Cash sources and uses: $1,345,009,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,167,932,000.00Beginning cash$1.17 BEnding cash: Cash, cash equivalents, and restricted cash: $1,046,689,000.00Ending cash$1.05 BExchange-rate effect: -$94,000.00FX effect−$94.00 KCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flowNot availableCash flow / Net income0.88×Operating cash flow ÷ net incomeNet cash change−$121.24 MEnding cash − beginning cash
Chart details

Veeva Systems Inc. cash flow reconciliation, Aug 1, 2024 through Oct 31, 2024

Cash flows for Aug 1, 2024 through Oct 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jul 31, 2024. Ending cash: Oct 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jul 31, 2024
1,167,932,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
164,117,000 US dollars. Net cash provided.
Net income
185,808,000 US dollars
Depreciation and amortization
9,932,000 US dollars
Accretion of discount on short-term investments
negative 6,188,000 US dollars
Stock-based compensation
117,859,000 US dollars
Amortization of deferred costs
3,856,000 US dollars
Deferred income taxes
negative 31,430,000 US dollars
(Gain) loss on foreign currency from mark-to-market derivative
negative 773,000 US dollars
Bad debt expense
181,000 US dollars
Accounts receivable
108,721,000 US dollars
Unbilled accounts receivable
negative 6,040,000 US dollars
Deferred costs
negative 2,932,000 US dollars
Income taxes payable
5,187,000 US dollars
Prepaid expenses and other current and long-term assets
negative 2,990,000 US dollars
Accounts payable
3,767,000 US dollars
Accrued expenses and other current liabilities
negative 4,723,000 US dollars
Deferred revenue
negative 217,438,000 US dollars
Other long-term liabilities
945,000 US dollars
Operating lease liabilities
negative 2,465,000 US dollars
Reduction of operating lease right-of-use assets
2,840,000 US dollars
Investing activities
negative 298,226,000 US dollars. Net cash used.
Purchases of short-term investments
negative 814,224,000 US dollars
Long-term assets
negative 4,271,000 US dollars
Maturities and sales of short-term investments
520,269,000 US dollars
Financing activities
12,960,000 US dollars. Net cash provided.
Proceeds from exercise of common stock options
30,270,000 US dollars
Taxes paid related to net share settlement of equity awards
negative 17,310,000 US dollars
Operating adjustment reconciliation
274,979,000 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
30,270,000 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
818,495,000 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
negative 94,000 US dollars
Ending cash on Oct 31, 2024
1,046,689,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,345,009,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 121,243,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.88×. 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.

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 exceeds operating cash. The diagram allocates $164.12M of net income directly to operating cash and $21.69M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of 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.
Veeva Systems Inc. (VEEV) FY2025 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!