← Workday, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | ($367.0m) | $1.4b | $526.0m | $693.0m | |
| Net Income (Loss) Attributable to Parent | ($408.3m) | ($321.2m) | ($418.3m) | ($480.7m) | ($282.4m) | $29.4m | ($366.7m) | $1.4b | $526.0m | $693.0m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($408.3m) | ($321.2m) | ($418.3m) | ($480.7m) | — | — | — | — | — | — | |
| Depreciation and amortization | $115.9m | $137.0m | $198.1m | $276.3m | $293.7m | $343.7m | $364.4m | $282.0m | $326.0m | $347.0m | |
| Amortization of Debt Issuance Costs | — | — | — | — | $50.5m | $404k | — | — | — | — | |
| Amortization of Debt Issuance Costs and Discounts | $26.9m | $43.9m | $60.0m | $54.0m | $53.7m | $4.0m | $7.0m | $4.0m | $4.0m | $4.0m | |
| Depreciation | $92.0m | $115.0m | $147.0m | $201.0m | $231.0m | $263.0m | $275.0m | $203.0m | $243.0m | $237.0m | |
| Amortization Of Securities | — | — | — | — | — | — | ($42.0m) | ($149.0m) | ($113.0m) | ($61.0m) | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $364.0m | $282.0m | $326.0m | $347.0m | |
| Deferred Income Tax Expense (Benefit) | ($4.6m) | $2.0m | ($12.4m) | ($9.9m) | ($3.5m) | ($21.3m) | ($4.4m) | ($1.1b) | $32.0m | $208.0m | |
| Deferred Income Tax | — | — | — | — | — | — | $4.0m | ($1.1b) | $33.0m | $218.0m | |
| Deferred Tax | — | — | — | — | — | — | $4.0m | ($1.1b) | $33.0m | $218.0m | |
| Share-based Payment Arrangement, Noncash Expense | $372.3m | $478.4m | $652.5m | $859.6m | $1.0b | $1.1b | $1.3b | $1.4b | $1.5b | $1.6b | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $0 | — | — | — | — | — | — | — | $636.0m | $616.0m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | $1.1b | $1.3b | $1.4b | $1.5b | $1.6b | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | $0 | $0 | — | — | — | — | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | $0 | — | $16.0m | $30.0m | — | $22.0m | |
| Asset Impairment Charge | — | — | — | — | — | — | — | $0 | $19.0m | $117.0m | |
| Income Tax Expense (Benefit) | ($814k) | $6.4m | ($5.5m) | ($1.8m) | $7.3m | ($13.2m) | $106.8m | ($1.0b) | $112.0m | $316.0m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $114.0m | $114.0m | |
| Other Nonoperating Income (Expense) | ($32.4m) | ($11.6m) | $57.3m | $37.2m | $23.5m | $143.7m | ($33.1m) | ($14.0m) | ($13.0m) | $84.0m | |
| Changes in operating assets and liabilities: | |||||||||||
| Noncash investing and financing activities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $88.6m | $114.6m | $160.5m | $176.1m | $159.2m | $207.9m | $318.6m | $87.0m | $313.0m | $360.0m | |
| Purchases of property and equipment, accrued but unpaid | $27.7m | $51.5m | $56.3m | $46.0m | $54.8m | $47.0m | $51.1m | $52.0m | $269.0m | $162.0m | |
| Debt Securities, Realized Gain (Loss) | — | — | — | — | — | — | — | — | — | $27.0m | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | $40.5m | $32.9m | $20.1m | $143.7m | ($27.3m) | ($24.0m) | ($18.0m) | $59.0m | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | $8.3m | $26.8m | $1.7m | $22.3m | ($741k) | $6.0m | ($6.0m) | $64.0m | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | $32.1m | $6.1m | $18.4m | $121.5m | ($26.6m) | ($30.0m) | ($12.0m) | ($5.0m) | |
| Gain (Loss) on Investments | — | — | — | — | — | $145.8m | ($30.8m) | ($19.0m) | ($16.0m) | $87.0m | |
| General and Administrative Expense | $198.1m | $222.9m | $347.3m | $367.7m | $414.1m | $486.0m | $604.1m | $702.0m | $820.0m | $912.0m | |
| Goodwill | $158.4m | $159.4m | $1.4b | $1.8b | $1.8b | $2.8b | $2.8b | $2.8b | $3.5b | $5.2b | |
| Investment Income, Interest | $11.3m | $25.3m | $42.5m | $41.3m | $18.8m | $5.6m | $97.7m | $301.0m | $350.0m | $318.0m | |
| Nonoperating Income (Expense) | $1.3m | — | $39.5m | $19.8m | ($26.5m) | $132.6m | ($37.8m) | $173.0m | $223.0m | $288.0m | |
| Operating Expenses | $1.9b | $2.4b | $3.3b | $4.1b | $4.6b | $5.3b | $6.4b | $7.1b | $8.0b | $8.8b | |
| Beginning Cash Position | — | — | — | — | — | — | $1.5b | $1.9b | $2.0b | $1.6b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $1.2b | ($268.0m) | ($1.1b) | ($3.3b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($2.5b) | ($1.8b) | ($1.8b) | $333.0m | |
| Change In Account Payable | — | — | — | — | — | — | $86.0m | ($72.0m) | $25.0m | $6.0m | |
| Change In Accrued Expense | — | — | — | — | — | — | $136.0m | ($95.0m) | ($41.0m) | ($26.0m) | |
| Change In Other Working Capital | — | — | — | — | — | — | $159.0m | $151.0m | $61.0m | $65.0m | |
| Change In Payable | — | — | — | — | — | — | $86.0m | ($72.0m) | $25.0m | $6.0m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $222.0m | ($167.0m) | ($16.0m) | ($20.0m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($14.0m) | $69.0m | $50.0m | ($14.0m) | |
| Change In Receivables | — | — | — | — | — | — | ($319.0m) | ($87.0m) | ($313.0m) | ($360.0m) | |
| Change In Working Capital | — | — | — | — | — | — | $48.0m | ($34.0m) | ($218.0m) | ($329.0m) | |
| Changes In Cash | — | — | — | — | — | — | $355.0m | $130.0m | ($470.0m) | ($47.0m) | |
| End Cash Position | — | — | — | — | — | — | $1.9b | $2.0b | $1.6b | $1.5b | |
| Financing Cash Flow | — | — | — | — | — | — | $1.2b | ($268.0m) | ($1.1b) | ($3.3b) | |
| Free Cash Flow | — | — | — | — | — | — | $1.3b | $1.9b | $2.2b | $2.8b | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $31.0m | $19.0m | $16.0m | ($87.0m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($2.5b) | ($1.8b) | ($1.8b) | $333.0m | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | ($8.0m) | ($825.0m) | ($2.1b) | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($1.0m) | ($10.0m) | ($3.0m) | $0 | |
| Operating Gains Losses | — | — | — | — | — | — | $31.0m | $19.0m | $16.0m | ($87.0m) | |
| Other Non Cash Items | — | — | — | — | — | — | $324.0m | $292.0m | $353.0m | $415.0m | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $152.0m | $177.0m | $186.0m | $192.0m | |
| Purchase Of Business | — | — | — | — | — | — | $0 | ($8.0m) | ($825.0m) | ($2.1b) | |
| Purchase Of Intangibles | — | — | — | — | — | — | ($1.0m) | ($10.0m) | ($3.0m) | $0 | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($75.0m) | ($423.0m) | ($700.0m) | ($2.9b) | |
| Stock Based Compensation | — | — | — | — | — | — | $1.3b | $1.4b | $1.5b | $1.6b | |
| Net Cash Provided by (Used in) Operating Activities | $348.7m | $465.7m | $606.7m | $864.6m | $1.3b | $1.7b | $1.7b | $2.1b | $2.5b | $2.9b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $2.1m | $5.4m | $8.2m | — | — | — | $364.0m | $232.0m | $269.0m | $162.0m | |
| Capital Expenditure Reported | $120.8m | $141.5m | $202.5m | — | — | — | ($364.0m) | ($232.0m) | ($269.0m) | ($162.0m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $147.9m | $5.7m | $1.5b | $473.6m | $0 | $1.2b | $0 | $8.0m | $825.0m | $2.1b | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | ($171.0m) | ($4.2m) | ($4.0m) | — | — | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($2.1b) | ($1.5b) | ($684.0m) | $2.6b | |
| Purchase Of Investment | — | — | — | — | — | — | ($7.2b) | ($6.2b) | ($4.8b) | ($2.7b) | |
| Purchase Of Investment Properties | — | — | — | — | — | ($171.0m) | ($4.2m) | ($4.0m) | — | — | |
| Sale Of Investment | — | — | — | — | — | — | $5.1b | $4.7b | $4.1b | $5.3b | |
| Payments for (Proceeds from) Other Investing Activities | $296k | $0 | $0 | $9k | $0 | $0 | — | — | — | ($21.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($168.9m) | ($979.0m) | ($842.8m) | ($896.9m) | ($1.2b) | ($1.6b) | ($2.5b) | ($1.8b) | ($1.8b) | $333.0m | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | — | — | $0 | $0 | — | |
| Issuance Of Debt | — | — | — | — | — | $0 | $3.0b | $0 | $0 | — | |
| Long Term Debt Issuance | — | — | — | — | — | $0 | $3.0b | $0 | $0 | — | |
| Net Issuance Payments Of Debt | — | — | — | — | — | ($38.0m) | $1.1b | $0 | $0 | — | |
| Net Long Term Debt Issuance | — | — | — | — | — | ($38.0m) | $1.1b | $0 | $0 | — | |
| Long Term Debt Payments | — | — | — | — | — | ($38.0m) | ($1.8b) | $0 | $0 | — | |
| Repayment Of Debt | — | — | — | — | — | ($38.0m) | ($1.8b) | $0 | $0 | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($75.0m) | ($423.0m) | ($700.0m) | ($2.9b) | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $74.7m | $423.0m | $700.0m | $2.9b | |
| Common Stock Payments | — | — | — | — | — | — | ($75.0m) | ($423.0m) | ($700.0m) | ($2.9b) | |
| Proceeds from (Payments for) Other Financing Activities | $1.6m | ($170k) | ($248k) | ($519k) | ($2.7m) | ($463k) | ($739k) | — | — | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($7.0m) | ($22.0m) | ($636.0m) | ($616.0m) | |
| Net Cash Provided by (Used in) Financing Activities | $59.7m | $1.1b | ($256.7m) | $125.1m | $625.0m | $110.3m | $1.2b | ($268.0m) | ($1.1b) | ($3.3b) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $385k | $751k | ($614k) | ($282k) | $1.3m | ($705k) | ($595k) | ($1.0m) | $0 | $2.0m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($1.0m) | ($1.0m) | $0 | $2.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $241.8m | $593.8m | ($493.5m) | $92.5m | $653.2m | $152.8m | $354.5m | $129.0m | ($470.0m) | ($45.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $241.8m | $1.1b | $642.2m | $734.7m | $1.4b | $1.5b | $1.9b | $2.0b | $1.6b | $1.5b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $354.0m | $129.0m | ($470.0m) | ($45.0m) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $6.5m | $76k | $38k | $3.3m | $14.4m | $13.3m | $59.5m | $110.0m | $110.0m | $110.0m | |
| Income Taxes Paid, Net | $5.3m | $3.4m | $6.0m | $9.0m | $9.9m | $12.6m | $88.6m | $39.0m | $65.0m | $96.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.