WORKIVA INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent ($44.0m) ($44.4m) ($50.1m) ($48.1m) ($48.4m) ($37.7m) ($90.9m) ($127.5m) ($55.0m) ($26.2m)
Depreciation, Depletion and Amortization $3.8m $3.5m $3.8m $4.2m $4.3m $5.2m $10.2m $11.1m $11.0m $11.0m
Amortization of Debt Issuance Costs $0 $0 $362k $988k $1.0m $1.3m $1.7m $2.4m $2.4m
Amortization of Debt Issuance Costs and Discounts $0 $0 $3.3m $8.9m $9.2m $1.3m $1.7m $2.4m $2.4m
Amortization of Intangible Assets $1.1m $5.3m $6.2m $6.7m $7.2m
Depreciation $3.7m $3.4m $3.4m $3.7m $3.8m $4.1m $4.8m $4.8m $4.3m $3.8m
Deferred Income Tax Expense (Benefit) ($32k) $0 ($4k) ($172k) ($263k) ($1.9m) $600k ($48k) ($642k) ($363k)
Share-based Payment Arrangement, Noncash Expense $14.2m $19.5m $30.8m $35.8m $45.8m $48.6m $70.7m $98.8m $102.2m $122.9m
Payment, Tax Withholding, Share-based Payment Arrangement $761k $1.1m $1.9m $390k $13.7m $27.1m $12.5m $9.5m $11.5m $22.7m
Share-based Payment Arrangement, Expense $14.2m $19.5m $30.8m $35.8m $45.8m $48.6m $70.7m $98.8m $102.2m $122.9m
Gain (Loss) on Extinguishment of Debt $0
Income Tax Expense (Benefit) $24k $61k $247k $139k ($291k) ($1.4m) $1.9m $3.4m $5.6m $3.8m
Interest Expense Nonoperating $12.9m $12.8m
Other Nonoperating Income (Expense) $6k ($9k) $224k ($564k) ($205k) $3.2m $926k ($1.8m) $563k ($1.4m)
Changes in operating assets and liabilities:
Noncash investing and financing activities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $7.1m $5.5m $20.2m ($5.2m) $8.0m $7.7m $28.9m $18.3m $24.4m $17.5m
Increase (Decrease) in Accounts Payable ($3.9m) $2.2m $1.7m $2.2m ($4.1m) $972k $2.4m ($1.0m) $2.4m $651k
Accounts Receivable, Credit Loss Expense (Reversal) $185k ($517k) $550k ($92k) ($159k) ($125k) $156k $410k $39k ($214k)
Proceeds from Stock Options Exercised $1.6m $12.5m $16.7m $24.2m $19.2m $16.6m $3.3m $4.5m $4.9m $6.2m
Purchases of property and equipment, accrued but unpaid $1.9m $1.2m $1.1m $3.1m $1.9m $3.5m $3.5m $2.1m $1.4m $2.1m
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded ($6k) $0 $0 $0 $0 $0
Debt Securities, Available-for-sale, Realized Gain (Loss) ($6k) $0 $0 ($708k) $0 $0
Foreign Currency Transaction Gain (Loss), before Tax $67k ($372k) $289k ($609k)
General and Administrative Expense $32.7m $39.6m $56.3m $48.4m $59.7m $74.3m $99.8m $110.5m $103.0m $112.9m
Goodwill $34.6m $109.7m $112.1m $196.8m $206.2m
Induced Conversion of Convertible Debt Expense $0 $0 $45.1m $0 $0
Investment Income, Interest $4.7m $3.3m $1.0m $4.9m $25.9m $39.4m $34.2m
Nonoperating Income (Expense) $1.5m $1.8m $1.8m
Operating Expenses $170.6m $191.9m $228.3m $258.6m $299.2m $368.8m $496.8m $570.3m $643.2m $736.6m
Unrealized Gain (Loss) on Derivatives $0
Net Cash Provided by (Used in) Operating Activities ($10.4m) $5.5m $6.4m $30.6m $33.2m $49.8m $11.3m $70.9m $87.7m $140.1m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $1.9m $1.2m $1.1m $3.1m $1.9m $3.5m $3.5m $2.1m $1.4m $2.1m
Payments to Acquire Businesses, Net of Cash Acquired $37.5m $99.2m $0 $98.1m $0
Net Cash Provided by (Used in) Investing Activities $3.8m ($6.5m) ($5.6m) ($90.1m) ($103.8m) ($68.6m) ($68.0m) ($357.3m) ($45.2m) ($35.0m)
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $9.3m $20.4m $26.8m $62.9m $143.2m $150.6m $153.4m $452.0m $390.5m
Payments for Repurchase of Common Stock $71.6m
Net Cash Provided by (Used in) Financing Activities ($895k) $9.8m $16.9m $363.4m $11.1m ($3.4m) ($1.6m) $301.3m $6.7m ($74.9m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($10k) $183k ($393k) $287k $478k ($270k) ($1.9m) $1.6m ($3.6m) $7.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($7.5m) $9.1m $17.3m $304.2m ($58.9m) ($22.4m) ($60.2m) $16.5m $45.6m $37.1m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($7.5m) $9.1m $77.6m $381.7m $322.8m $300.4m $240.2m $256.7m $302.4m $339.5m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $1.8m $1.6m $1.7m $1.7m $5.1m $4.8m $4.7m $4.7m $10.3m $10.3m
Income Taxes Paid, Net $47k $42k $67k $371k $679k ($41k) $1.4m $2.7m $6.2m $5.5m