Company name:

Okta Inc

  • IPO SHARE PRICE:
    $17.00
  • IPO DATE:
    April 07, 2017
  • TICKER:
    OKTA
  • MAIN STOCK EXCHANGE:
    NASDAQ Global Select
  • CURRENT HQ LOCATION:
    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

Okta Inc

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Statement of Cash Flow

Quarterly Annual
(USD in thousand)
Selected Year:
31-Jan
2021
OPERATING ACTIVITIES
Cash received and spent on operating activites of business — buying materials, paying salaries, receiving payments from clients, etc
34.2% - Stock-based compensation
24.8% - Deferred revenue
11.9% - Amortization of debt original issue discount and issuance cost
7.7% - Accrued compensation and employee benefits
6.9% - Amortization of deferred commission costs
6.4% - Depreciation amortization and accretion
3.3% - Operating lease right-of-use assets
1.6% - Non-cash charitable contributions
1.0% - Other
1.0% - Accrued expenses and other liabilities
0.7% - Accounts payable
0.4% - Loss on early repayment and conversion of debt
SOURCEs
3.3% 6.4% 6.9% 24.8% 7.7% 11.9% 34.2%
100 %
0%
USES
22.3% 11.6% 14.1% 46.5%
46.5% - Net income (loss)
14.1% - Deferred commissions
11.6% - Accounts receivable
3.0% - Operating lease liabilities
2.3% - Prepaid expenses and other assets
0.2% - Deferred income taxes
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
 ($125,497) ($208,913) ($266,332) ($266,332) ($303,224)
Depreciation amortization and accretion
$45,679
$45,679
$45,679
 8,001 17,815 36,865 36,865 52,684
Amortization of deferred commission costs
$45,679
$45,679
$45,679
 20,852 28,588 39,661 39,661 44,932
Amortization of debt original issue discount and issuance cost Amortization of debt original issue discount and issuance cost
-
$45,679
$45,679
 14,279 25,892 68,424 68,424 84,652
Stock-based compensation
$45,679
$45,679
$45,679
 76,320 126,624 196,181 196,181 225,628
Non-cash charitable contributions
$45,679
$45,679
$45,679
 1,008 1,746 9,292 9,292 18,520
Deferred income taxes
$45,679
$45,679
$45,679
 (765) (2,253) (1,182) (1,182) 4,928
Loss on write-off of intangible assets
$45,679
$45,679
$45,679
 - 119 - - -
Loss on early repayment and conversion of debt
-
-
-
 - - 2,263 2,263 -
(Gain) loss on repayment of debt
-
-
-
 - 14,572 - - -
Accounts receivable
$45,679
$45,679
$45,679
 (39,682) (37,515) (66,373) (66,373) (223,304)
Operating lease right-of-use assets
-
-
-
 - 12,951 19,053 19,053 20,296
Prepaid expenses and other assets
$45,679
$45,679
$45,679
 (11,624) (4,080) (13,174) (13,174) (25,520)
Accounts payable
$45,679
$45,679
$45,679
 675 1,689 4,081 4,081 10,816
Accrued compensation and employee benefits
$45,679
$45,679
$45,679
 7,429 23,034 44,157 44,157 25,176
Deferred commissions
$45,679
$45,679
$45,679
 (41,342) (61,224) (81,016) (81,016) (116,716)
Accrued expenses and other liabilities
$45,679
$45,679
$45,679
 15,575 9,972 5,527 5,527 12,340
Deferred revenue
$45,679
$45,679
$45,679
 89,303 116,432 142,148 142,148 325,940
Operating lease liabilities
-
-
-
 - (9,716) (17,150) (17,150) (21,600)
Other
$45,679
$45,679
$45,679
 (206) (126) 5,537 5,537 4,088
Net cash provided by (used in) operating activities
$45,679
$45,679
$45,679
 $15,172 $55,603 $127,962 $127,962 $139,636
Selected Year:
31-Jan
2021
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
72.2% - Sales and maturities of available-for-sale securities
27.8% - (Purchases) sale of available-for-sale securities
SOURCEs
27.8% 72.2%
100 %
0%
USES
97.7%
1.8% - (Purchase) sale of property and equipment
0.6% - Capitalized internal-use software development costs
0.0% - Purchases of intangible assets
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
(Purchases) sale of available-for-sale securities
$45,679
$45,679
$45,679
 173,072 27,271 206,129 206,129 -
Sales and maturities of available-for-sale securities
$45,679
$45,679
$45,679
 298,650 356,277 535,123 535,123 593,396
(Purchase) sale of property and equipment
$45,679
$45,679
$45,679
 740 (15,442) (13,083) (13,083) (7,144)
Purchases of intangible assets
-
-
-
 - (8,589) (126) (126) (504)
Capitalized internal-use software development costs
$45,679
$45,679
$45,679
 (2,851) (3,888) (4,159) (4,159) (2,516)
Acquisition of business net of cash
-
$45,679
$45,679
 (15,632) (44,283) - - -
Net cash provided by (used in) investing activities
$45,679
$45,679
$45,679
 ($197,320) ($688,041) ($1,305,146) ($1,305,146) ($149,056)
Selected Year:
31-Jan
2021
FINANCING ACTIVITIES
Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.
81.0% - Issuance of senior convertible notes
13.9% - Proceeds from convertible senior notes hedges
3.3% - Proceeds from issuance of stock upon exercise of stock options net of repurchases
1.8% - Proceeds (payments) related to employee stock compensation plans (ESPP)
SOURCEs
81.0% 3.3% 13.9%
100 %
0%
USES
77.9% 12.5% 9.6%
12.5% - Payments for convertible senior notes warrants
9.6% - Purchase of convertible senior notes capped call
0.0% - Repurchases of convertible senior notes
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Initial Public Offering (IPO) net
$45,679
-
$45,679
 - - - - -
Issuance of redeemable convertible preferred stock
$45,679
-
$45,679
 - - - - -
Proceeds from issuance of stock upon exercise of stock options net of repurchases Proceeds from issuance of stock upon exercise of stock options net of repurchases
$45,679
$45,679
$45,679
 36,861 45,363 45,620 45,620 182,480
Proceeds (payments) related to employee stock compensation plans (ESPP) Proceeds (payments) related to employee stock compensation plans (ESPP)
$45,679
$45,679
$45,679
 13,727 18,767 25,911 25,911 52,360
Deferred offering costs
$45,679
$45,679
$45,679
 - - - - -
Issuance of senior convertible notes
-
$45,679
$45,679
 334,980 1,040,660 1,134,841 1,134,841 -
Repurchases of convertible senior notes
-
-
-
 - (224,414) (446) (446) 4
Issuance of convertible notes warrants
-
$45,679
$45,679
 52,440 - - - -
Payments for convertible senior notes warrants
-
-
-
 - (358,622) (175,399) (175,399) -
Proceeds from convertible senior notes hedges
-
-
-
 - 405,851 195,046 195,046 -
Purchase of convertible senior notes capped call
-
-
-
 - (74,094) (133,975) (133,975) -
Purchase of convertible senior notes hedges
-
$45,679
$45,679
 (80,040) - - - -
Net cash provided by (used in) financing activities
$45,679
$45,679
$45,679
 $357,762 $853,385 $1,091,598 $1,091,598 $100,564
Selected Year:
31-Jan
2021
NET CHANGE IN CASH
Grand Total for sum of cash flows coming from operations, investing and financing
($83,323,000)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cash and equivalents - Beginning of period
$45,679
$45,679
$45,679
 $136,233 $311,215 $531,953 - $1,694,808
Effect of changes in foreign exchange rates on cash
$45,679
$45,679
$45,679
 (632) (209) 2,263 - 8,568
(Decrease) increase in cash and cash equivalents
$45,679
$45,679
$45,679
 174,982 220,738 (83,323) - 99,712
Cash and equivalents - End of period
$45,679
$45,679
$45,679
 $311,215 $531,953 $448,630 - $1,794,520