Company name:

Workiva Inc

  • IPO SHARE PRICE:
    $14.00
  • IPO DATE:
    12 December 2014
  • TICKER:
    WK
  • MAIN STOCK EXCHANGE:
    New York Stock Exchange
  • CURRENT HQ LOCATION:
    2900 University Blvd Ames IA 50010
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Workiva Inc

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Balance Sheet

Quarterly Annual
(USD in thousand)
45.7% 29.3% 9.7% 3.1%
Selected Year:
31-Dec
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
89.5%
45.7% —

Cash and cash equivalents

29.3% —

Short-term passive investments

9.7% —

Accounts Receivable

3.1% —

Deferred costs

1.3% —

Prepaid expenses and other current assets

0.4% —

Other receivables

Liquidity
Selected Year:
The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
Cash and cash equivalents
$45,679
$45,679
$45,679
$45,679
 $60,333 $77,584 $381,742 $322,831
Short-term passive investments
$45,679
$45,679
$45,679
$45,679
 16,364 20,764 106,214 207,207
Accounts Receivable
$45,679
$45,679
$45,679
$45,679
 28,800 65,107 60,228 68,922
Other receivables
$45,679
$45,679
$45,679
$45,679
 975 1,181 2,432 3,155
Prepaid expenses
-
-
$45,679
$45,679
 - - - -
Prepaid expenses and other current assets
$45,679
$45,679
-
-
 6,444 4,417 6,508 9,047
Deferred commission expense
$45,679
$45,679
$45,679
$45,679
 2,376 8,178 14,108 -
Deferred costs
-
-
-
-
 - - 14,108 21,923
Total current assets
$45,679
$45,679
$45,679
$45,679
 $115,292 $177,231 $571,232 $633,085
4.2% 3.3%
Selected Year:
31-Dec
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
10.5%
4.2% —

Property and equipment net

3.3% —

Deferred costs

2.2% —

Operating lease - right-of-use assets

0.5% —

Other assets non-current

0.2% —

Intangible assets
Selected Year:
Long-term restricted cash
45,679
45,679
-
-
 - - - -
Restricted marketable securities
45,679
-
-
-
 - - - -
Property and equipment net
45,679
45,679
45,679
45,679
 40,444 41,468 32,300 29,365
Operating lease - right-of-use assets
-
-
-
-
 - - 15,352 15,844
Deferred commissions
-
-
-
-
 - 10,569 14,977 -
Deferred costs
-
-
-
-
 - - 14,977 23,421
Intangible assets
45,679
45,679
45,679
45,679
 1,118 1,266 1,651 1,583
Other assets non-current
-
-
-
-
 - - 3,439 3,708
Other non-current assets
45,679
45,679
45,679
45,679
 861 577 3,439 -
Total non-current assets
45,679
45,679
45,679
45,679
 42,423 53,880 75,164 73,921
Total assets
45,679
45,679
45,679
45,679
 $157,715 $231,111 $638,951 $707,006
29.6% 9.7% 5.1% 40.9% 67.7%
Selected Year:
31-Dec
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
39.9%
29.6% —

Current portion of deferred revenue

9.7% —

Accrued expenses and other current liabilities

0.4% —

Accounts payable

0.2% —

Current portion of Finance leases
Selected Year:
Accounts payable
$45,679
$45,679
$45,679
$45,679
 $3,060 $5,461 $7,057 $2,843
Accrued expenses and other current liabilities
$45,679
$45,679
$45,679
$45,679
 20,429 36,353 49,799 68,256
Current portion of deferred revenue
$45,679
$45,679
$45,679
$45,679
 104,684 148,545 173,617 208,990
Deferred government grant obligation
$45,679
$45,679
$45,679
$45,679
 - - - -
Current maturities of long-term debt
$45,679
$45,679
$45,679
$45,679
 - - - -
Current portion of capital lease and financing obligations
$45,679
$45,679
$45,679
$45,679
 1,168 - - -
Current portion of financing obligations
-
-
-
-
 - 1,222 1,328 -
Current portion of Finance leases
-
-
-
-
 - - 1,629 1,705
Total current liabilities
$45,679
$45,679
$45,679
$45,679
 $129,341 $191,581 $232,102 $281,794
Selected Year:
31-Dec
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
51.1%
40.9% —

Senior convertible notes

5.1% —

Deferred revenue

2.4% —

Operating leases

2.4% —

Finance leases

0.2% —

Other non-current liabilities
Selected Year:
Deferred revenue
$45,679
$45,679
$45,679
$45,679
 22,709 25,171 32,569 35,894
Deferred government grant obligation
$45,679
$45,679
$45,679
$45,679
 - - - -
Construction liability
$45,679
-
-
-
 - - - -
Financing obligation
-
-
-
-
 - 17,208 15,889 -
Senior convertible notes
-
-
-
-
 - - 280,601 289,490
Long-term debt
$45,679
$45,679
$45,679
$45,679
 - - - -
Capital lease and financing obligations
$45,679
$45,679
$45,679
$45,679
 18,425 - - -
Operating leases
-
-
-
-
 - - 18,564 17,209
Finance leases
-
-
-
-
 - - 19,415 16,662
Other non-current liabilities
$45,679
$45,679
$45,679
$45,679
 4,174 6,891 1,498 1,680
Total long-term liabilities
$45,679
$45,679
$45,679
$45,679
 $45,308 $49,270 $349,121 $360,935
Total Liabilities
$45,679
$45,679
$45,679
$45,679
 $174,649 $240,851 $584,749 $642,729
Selected Year:
31-Dec
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
9.1%
67.7% —

Additional paid-in capital

0.0% —

Accumulated other comprehensive income

0.0% —

Common stock Class A

0.0% —

Common stock Class B
Selected Year:
Appreciation and participation units
$45,679
-
-
-
 - - - -
Preferred units Series A
$45,679
-
-
-
 - - - -
Preferred units Series B
$45,679
-
-
-
 - - - -
Preferred units Series C
$45,679
-
-
-
 - - - -
Preferred Stock
$45,679
$45,679
$45,679
$45,679
 - - - -
Members Equity
$45,679
-
-
-
 - - - -
Common stock Class A
$45,679
$45,679
$45,679
$45,679
 32 34 38 41
Common stock Class B
$45,679
$45,679
$45,679
$45,679
 10 10 9 8
Accumulated deficit
$45,679
$45,679
$45,679
$45,679
 (265,337) (307,027) (366,302) (414,700)
Additional paid-in capital
$45,679
$45,679
$45,679
$45,679
 248,289 297,145 420,170 478,698
Accumulated other comprehensive income
$45,679
$45,679
$45,679
$45,679
 72 98 287 230
Accumulated other comprehensive loss
$45,679
-
-
-
 - - - -
Total Equity
$45,679
$45,679
$45,679
$45,679
 ($16,934) ($9,740) $54,202 $64,277
Total Liabilities and Equity
$45,679
$45,679
$45,679
$45,679
 $157,715 $231,111 $638,951 $707,006