Company name:

Workiva Inc

  • IPO SHARE PRICE:
    $14.00
  • IPO DATE:
    December 12, 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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Statement of Cash Flow

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
OPERATING ACTIVITIES
Cash received and spent on operating activites of business — buying materials, paying salaries, receiving payments from clients, etc
38.9% - Stock-based compensation
31.8% - Deferred revenue
14.3% - Accrued expenses and other liabilities
7.5% - Amortization of debt original issue discount and issuance cost
3.6% - Depreciation and amortization
3.3% - Operating lease right-of-use assets
0.6% - (Accretion) amortization of (discount) premium on marketable securities
SOURCEs
3.3% 3.6% 31.8% 14.3% 7.5% 38.9%
100 %
0%
USES
28.2% 6.8% 13.5% 3.5% 3.8% 41.1%
41.1% - Net income (loss)
13.5% - Deferred costs
6.8% - Accounts receivable
3.8% - Operating lease liabilities
3.5% - Accounts payable
2.1% - Prepaid expenses and other assets
0.6% - Other receivables
0.2% - Other assets
0.1% - (Recovery of) provision for doubtful accounts
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 ($50,071) ($48,134) ($48,398) ($48,398) -
Depreciation and amortization
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 3,781 4,160 4,296 4,296 -
Amortization of debt original issue discount and issuance cost Amortization of debt original issue discount and issuance cost
-
-
-
-
-
-
 - 3,262 8,889 8,889 -
Stock-based compensation
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 30,841 35,784 45,771 45,771 -
(Recovery of) provision for doubtful accounts
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 550 (92) (159) (159) -
(Accretion) amortization of (discount) premium on marketable securities (Accretion) amortization of (discount) premium on marketable securities
-
$45,679
$45,679
$45,679
$45,679
$45,679
 (141) 13 668 668 -
Paid-in-kind interest on convertible note
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Accretion of discount on convertible note
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Deferred income taxes
-
$45,679
$45,679
$45,679
$45,679
$45,679
 (9) (65) - - -
(Gain) loss on sale of available-for-sale securities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 - - - - -
Loss on early extinguishment of convertible note
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Change in fair value of derivative
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Recognition of deferred government grant obligation
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 - - - - -
Accounts receivable
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (20,216) 5,166 (8,028) (8,028) -
Operating lease right-of-use assets
-
-
-
-
-
-
 - 2,552 3,906 3,906 -
Other receivables
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (205) (1,250) (680) (680) -
Prepaid expenses and other assets
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 2,020 (2,084) (2,492) (2,492) -
Deferred costs
-
-
-
-
-
-
 (11,155) (10,268) (15,953) (15,953) -
Restricted cash and cash equivalents
$45,679
$45,679
$45,679
$45,679
-
-
 - - - - -
Other assets
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 276 (1,860) (215) (215) -
Accounts payable
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 1,699 2,153 (4,106) (4,106) -
Deferred commissions
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (11,155) (10,268) - - -
Accrued expenses and other liabilities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 8,886 12,225 16,790 16,790 -
Deferred revenue
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 40,144 32,039 37,479 37,479 -
Operating lease liabilities
-
-
-
-
-
-
 - (3,035) (4,525) (4,525) -
Net cash provided by (used in) operating activities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $6,400 $30,566 $33,243 $33,243 -
Selected Year:
31-Dec
2020
INVESTING ACTIVITIES
Cash spent on acquiring plant, equipment and other businesses, cash recei0 from sale of plant, equipment and subsidiaries as well cash parked temporarily in different securities - government bonds typically
35.3% - Maturities of marketable securities
6.4% - Sale of marketable securities
SOURCEs
58.3% 35.3% 6.4%
100 %
0%
USES
98.8%
98.8% - Purchases of marketable securities
1.1% - (Purchase) sale of property and equipment
0.2% - Purchases of intangible assets
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Purchases of marketable securities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (24,659) (112,565) (175,926) (175,926) -
Sale of marketable securities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 - 498 11,423 11,423 -
Maturities of marketable securities
-
-
-
$45,679
$45,679
$45,679
 20,400 26,840 62,922 62,922 -
(Purchases) sale of other investments
-
-
-
-
-
-
 - (1,000) - - -
(Purchase) sale of property and equipment
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (1,122) (3,104) (1,873) (1,873) -
Purchases of intangible assets
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (251) (734) (296) (296) -
Net cash provided by (used in) investing activities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 ($5,632) ($90,065) ($103,750) ($103,750) -
Selected Year:
31-Dec
2020
FINANCING ACTIVITIES
Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.
72.6% - Proceeds from issuance of stock upon exercise of stock options
27.4% - Proceeds (payments) related to employee stock compensation plans (ESPP)
SOURCEs
27.4% 72.6%
100 %
0%
USES
42.1% 51.7% 6.2%
51.7% - Employee withholding taxes paid on share-based compensation
6.2% - Repayment of capital and finance leases
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Public equity offering
$45,679
-
$45,679
-
-
-
 - - - - -
Proceeds from issuance of Series C preferred units
$45,679
$45,679
-
-
-
-
 - - - - -
Proceeds from issuance of stock upon exercise of stock options Proceeds from issuance of stock upon exercise of stock options
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 16,662 24,152 19,189 19,189 -
Proceeds (payments) related to employee stock compensation plans (ESPP) Proceeds (payments) related to employee stock compensation plans (ESPP)
-
-
-
-
$45,679
$45,679
 3,216 4,922 7,227 7,227 -
Equity issuance costs
$45,679
$45,679
-
$45,679
-
-
 - - - - -
Borrowing under Revolving Credit Facility
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Repayment of Revolving Credit Facility
$45,679
-
$45,679
-
-
-
 - - - - -
Issuance of senior convertible notes
-
-
-
-
-
-
 - 335,899 - - -
Issuance of Convertible Notes
$45,679
-
$45,679
-
-
-
 - - - - -
Repayment of convertible notes
$45,679
-
-
-
-
-
 - - - - -
Borrowing (repayment) from (to) related party
$45,679
-
-
-
-
-
 - - - - -
Repayment of long-term borrowing
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 - - - - -
Repayment of capital leases and financing obligations
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (1,163) (1,213) - - -
Repayment of capital and finance leases
-
-
-
-
-
-
 (1,163) (1,565) (1,641) (1,641) -
Fees and costs related to Revolving Credit Facility
$45,679
-
$45,679
-
-
-
 - - - - -
Deferred financing costs
-
-
-
$45,679
$45,679
$45,679
 - - - - -
Change in restricted cash
$45,679
$45,679
$45,679
$45,679
-
-
 - - - - -
Employee withholding taxes paid on share-based compensation Employee withholding taxes paid on share-based compensation
-
-
$45,679
$45,679
$45,679
$45,679
 (1,861) (390) (13,657) (13,657) -
Cash distributions to members
$45,679
$45,679
$45,679
$45,679
-
-
 - - - - -
Government loan award
$45,679
-
-
-
-
-
 - - - - -
Proceeds from government for training reimbursement
$45,679
-
-
-
-
-
 - - - - -
Proceeds from government grants
-
$45,679
$45,679
$45,679
$45,679
$45,679
 22 - - - -
Repayment of government grant
-
$45,679
-
$45,679
-
-
 - - - - -
Net cash provided by (used in) financing activities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $16,876 $363,370 $11,118 $11,118 -
Selected Year:
31-Dec
2020
NET CHANGE IN CASH
Grand Total for sum of cash flows coming from operations, investing and financing
($58,911,000)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cash and equivalents - Beginning of period
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $60,333 $77,584 $381,742 - -
Effect of changes in foreign exchange rates on cash
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (393) 287 478 - -
(Decrease) increase in cash and cash equivalents
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 17,251 304,158 (58,911) - -
Cash and equivalents - End of period
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $77,584 $381,742 $322,831 - -