Company name:

Slack Technologies Inc

  • IPO SHARE PRICE:
    $38.00
  • IPO DATE:
    20 June 2019
  • TICKER:
    WORK
  • MAIN STOCK EXCHANGE:
    NYSE
  • CURRENT HQ LOCATION:
    500 Howard Street San Francisco California 94105
  • FISCAL YEAR END:
    January 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

Slack Technologies Inc

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Balance Sheet

Quarterly Annual
(USD in thousand)
44.4% 20.8% 9.8%
Selected Year:
31-Jan
2021
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
77.4%
44.4% —

Cash and cash equivalents

20.8% —

Short-term passive investments

9.8% —

Accounts Receivable

2.5% —

Prepaid expenses and other current assets

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 		$180,770 $498,999 $1,081,357
Short-term passive investments 660,301 269,593 505,895
Accounts Receivable 87,438 145,844 237,439
Prepaid expenses and other current assets 54,213 55,967 59,702
Total current assets $982,722 $970,403 $1,884,393
3.6% 9.0% 3.1%
Selected Year:
31-Jan
2021
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
22.6%
9.0% —

Operating lease - right-of-use assets

3.6% —

Property and equipment net

3.1% —

Goodwill

2.8% —

Strategic investments

1.7% —

Other assets non-current

1.6% —

Restricted cash and cash equivalents

0.7% —

Intangible assets
Selected Year:
Restricted cash and cash equivalents - 38,490 38,490
Long-term restricted cash 20,490 38,490 -
Property and equipment net 88,359 102,340 87,908
Operating lease - right-of-use assets - 197,830 219,195
Strategic investments 12,334 28,814 68,161
Intangible assets
15,203 13,530 17,885
Goodwill
48,598 48,598 76,204
Other assets non-current - 41,701 41,464
Other non-current assets 31,250 41,701 -
Total non-current assets 216,234 471,303 549,307
Total assets $1,198,956 $1,441,706 $2,433,700
21.0% 4.5% 26.8% 9.3% 97.5%
Selected Year:
31-Jan
2021
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
28.6%
21.0% —

Current portion of deferred revenue

4.5% —

Accrued employee compensation and benefits

1.4% —

Current portion of Operating leases

1.2% —

Accrued expenses and other current liabilities

0.5% —

Accounts payable
Selected Year:
Accounts payable $16,613 $16,893 $13,145
Accrued employee compensation and benefits 46,151 65,196 108,868
Accrued expenses and other current liabilities 29,809 32,123 29,864
Current portion of deferred revenue 239,825 375,263 510,311
Current portion of Operating leases - 30,465 34,930
Total current liabilities $332,398 $519,940 $697,118
Selected Year:
31-Jan
2021
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
36.1%
26.8% —

Senior convertible notes

9.3% —

Operating leases

0.1% —

Other non-current liabilities

0.0% —

Deferred revenue
Selected Year:
Deferred revenue 2,048 1,451 294
Senior convertible notes
- - 651,398
Operating leases
- 196,378 225,266
Other non-current liabilities 22,904 38 2,183
Total long-term liabilities $24,952 $197,867 $879,141
Total Liabilities $357,350 $717,807 $1,576,259
Selected Year:
31-Jan
2021
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
35.2%
97.5% —

Additional paid-in capital

0.9% —

Non-controlling interest

0.0% —

Accumulated other comprehensive (loss) income

0.0% —

Common stock Class A and Class B
Selected Year:
Non-controlling interest $9,920 $15,089 $22,648
Convertible preferred stock
1,392,101 - -
Common stock 13 56 -
Common stock Class A and Class B - 56 58
Accumulated deficit
(665,563) (1,236,621) (1,537,043)
Additional paid-in capital
105,633 1,945,446 2,371,676
Accumulated other comprehensive (loss) income - (71) 102
Accumulated other comprehensive loss (498) - -
Total Equity attributable to Company 831,686 708,810 834,793
Total Equity $841,606 $723,899 $857,441
Total Liabilities and Equity $1,198,956 $1,441,706 $2,433,700