Company name:

Slack Technologies Inc

  • IPO SHARE PRICE:
    $38.00
  • IPO DATE:
    June 20, 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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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
43.3% - Stock-based compensation
25.3% - Deferred revenue
8.3% - Accrued compensation and employee benefits
7.2% - Operating lease expense
6.4% - Amortization of debt original issue discount and issuance cost
5.5% - Depreciation and amortization
3.0% - Amortization of deferred contract acquisition costs
0.6% - Other liabilities
0.4% - Amortization of bond premium (discount) on available-for-sale securities
SOURCEs
5.5% 7.2% 3.0% 25.3% 8.3% 6.4% 43.3%
100 %
0%
USES
13.8% 17.6% 4.9% 3.2% 3.9% 55.7%
55.7% - Net income (loss)
17.6% - Accounts receivable
4.9% - Operating lease liabilities
3.9% - Change in fair value of strategic investments
3.2% - Prepaid expenses and other assets
0.6% - Accounts payable
0.4% - Other non-cash adjustments
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
 ($138,902) ($568,357) ($292,488) ($292,488) ($325,220)
Depreciation and amortization
$45,679
 16,816 27,127 28,818 28,818 30,480
Operating lease expense
$45,679
 - 8,963 37,615 37,615 41,364
Amortization of deferred contract acquisition costs
$45,679
 3,154 8,153 15,767 15,767 18,892
Amortization of bond premium (discount) on available-for-sale securities Amortization of bond premium (discount) on available-for-sale securities
$45,679
 (3,057) (2,180) 2,173 2,173 4,540
Amortization of debt original issue discount and issuance cost Amortization of debt original issue discount and issuance cost
-
 - - 33,690 33,690 42,524
Stock-based compensation
$45,679
 23,132 426,524 227,363 227,363 231,056
(Gain) loss on sale of property and equipment
$45,679
 2,281 39 - - -
Change in fair value of strategic investments
$45,679
 (3,701) (5,599) (20,278) (20,278) (8,760)
Other non-cash adjustments
-
 - (249) (2,052) (2,052) (6,524)
Other non-cash items
$45,679
 546 (249) - - -
Accounts receivable
$45,679
 (50,305) (58,202) (92,361) (92,361) (459,932)
Prepaid expenses and other assets
$45,679
 (53,072) (20,594) (16,601) (16,601) (29,220)
Accounts payable
$45,679
 2,846 6,726 (3,411) (3,411) (27,960)
Accrued compensation and employee benefits
$45,679
 22,504 19,045 43,669 43,669 125,032
Deferred revenue
$45,679
 116,420 134,841 132,901 132,901 437,300
Operating lease liabilities
$45,679
 - (9,495) (25,603) (25,603) (30,728)
Other liabilities
$45,679
 20,279 20,869 3,237 3,237 19,944
Net cash provided by (used in) operating activities
$45,679
 ($41,059) ($12,389) $72,439 $72,439 $62,788
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
53.4% - Maturities of marketable securities
1.1% - Acquisition of business net of cash
1.0% - Sale of marketable securities
0.2% - Sale of strategic investments
SOURCEs
44.3% 53.4%
100 %
0%
USES
94.5% 3.4%
94.5% - Purchases of marketable securities
3.4% - Purchases of strategic investments
1.7% - (Purchase) sale of property and equipment
0.4% - Purchases of intangible assets
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Purchases of marketable securities
$45,679
 (967,055) (290,188) (561,161) (561,161) (441,656)
Sale of marketable securities
$45,679
 11,271 166,074 5,900 5,900 -
Maturities of marketable securities
$45,679
 727,616 517,583 316,979 316,979 315,632
Purchases of strategic investments
$45,679
 (2,276) (14,132) (20,045) (20,045) (19,920)
Sale of strategic investments
$45,679
 976 2,917 1,265 1,265 556
(Purchase) sale of property and equipment
$45,679
 762 (49,626) (10,232) (10,232) (2,204)
Purchases of intangible assets
$45,679
 (2,382) (2,500) (2,375) (2,375) -
Capitalized internal-use software development costs
$45,679
 (840) - - - -
Acquisition of business net of cash
$45,679
 (45,313) - 6,571 6,571 26,284
Net cash provided by (used in) investing activities
$45,679
 ($333,421) $330,128 ($263,098) ($263,098) ($147,592)
Selected Year:
31-Jan
2021
FINANCING ACTIVITIES
Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.
95.2% - Issuance of senior convertible notes
3.4% - Issuance of common stock under Employee Stock Purchase Plan (ESPP)
1.5% - Issuance of common stock from exercise of stock options
SOURCEs
95.2% 3.4%
100 %
0%
USES
87.4% 11.9%
11.9% - Purchase of convertible senior notes capped call
0.6% - Acquisition-related contingent consideration payments
0.0% - Cash distributions to non-controlling interest
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Issuance of common stock in private offering (placement) Issuance of common stock in private offering (placement)
-
 6,084 - - - -
Issuance of convertible preferred stock
$45,679
 426,880 - - - -
Issuance of common stock under Employee Stock Purchase Plan (ESPP) Issuance of common stock under Employee Stock Purchase Plan (ESPP)
$45,679
 - 7,351 29,753 29,753 -
Issuance of common stock from exercise of stock options Issuance of common stock from exercise of stock options
-
 - 14,227 13,130 13,130 11,004
Proceeds from issuance of common stock upon exercise of stock options Proceeds from issuance of common stock upon exercise of stock options
$45,679
 4,783 14,227 - - -
Issuance of senior convertible notes
-
 - - 841,329 841,329 -
Acquisition-related contingent consideration payments
$45,679
 - (5,000) (5,250) (5,250) -
Cash distributions to non-controlling interest
$45,679
 - (1,372) (375) (375) -
Distributions from (to) non-controlling interest
$45,679
 - 3,840 - - -
Repurchases of common stock
$45,679
 - - - - -
Repurchase of convertible preferred stock
$45,679
 - - - - -
Purchase of convertible senior notes capped call
-
 - - (105,570) (105,570) -
Other financing activities
$45,679
 (70) (556) - - -
Net cash provided by (used in) financing activities
$45,679
 $437,677 $18,490 $773,017 $773,017 $11,004
Selected Year:
31-Jan
2021
NET CHANGE IN CASH
Grand Total for sum of cash flows coming from operations, investing and financing
$582,358,000
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cash and equivalents - Beginning of period
$45,679
 $138,063 $201,260 $537,489 - $4,553,188
(Decrease) increase in cash and cash equivalents
$45,679
 63,197 336,229 582,358 - (73,800)
Cash and equivalents - End of period
$45,679
 $201,260 $537,489 $1,119,847 - $4,479,388