Servicenow Inc Income Statement - Real Clear Investing - You World of Transparent Investing

Selected Year:

31-Dec
2020

Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers

100%

	2012 31-Dec	2013 31-Dec	2014 31-Dec	2015 31-Dec	2016 31-Dec	2017 31-Dec	2018 31-Dec	2019 31-Dec	Selected Year: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Subscription revenue	45,679	45,679	45,679	45,679	45,679	1,739,500	2,421,313	3,255,079	4,285,797	4,285,797	4,736,724
Professional services revenue	$45,679	$45,679	$45,679	$45,679	$45,679	178,994	187,503	205,358	233,687	233,687	264,596
Total Revenue	$45,679	$45,679	$45,679	$45,679	$45,679	$1,918,494	$2,608,816	$3,460,437	$4,519,484	$4,519,484	$5,001,320

Selected Year:

31-Dec
2020

Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells

95.6%

	2012 31-Dec	2013 31-Dec	2014 31-Dec	2015 31-Dec	2016 31-Dec	2017 31-Dec	2018 31-Dec	2019 31-Dec	Selected Year: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Cost of subscription revenue	45,679	45,679	45,679	45,679	45,679	315,570	417,421	549,642	730,835	730,835	839,600
Professional services and other	45,679	45,679	45,679	45,679	45,679	184,292	205,237	247,003	256,278	256,278	276,816
Total cost of revenue	45,679	45,679	45,679	45,679	45,679	$499,862	$622,658	$796,645	$987,113	$987,113	$1,116,416
Gross profit	45,679	45,679	45,679	45,679	45,679	1,418,632	1,986,158	2,663,792	3,532,371	3,532,371	3,884,904
Sales and marketing	45,679	45,679	45,679	45,679	45,679	894,977	1,203,056	1,534,284	1,855,016	1,855,016	2,135,412
Research and development	45,679	45,679	45,679	45,679	45,679	377,518	529,501	748,369	1,024,327	1,024,327	1,137,188
General and administrative	45,679	45,679	45,679	45,679	45,679	210,533	296,027	339,016	454,165	454,165	540,584
Litigation settlement	-	-	45,679	45,679	45,679	-	-	-	-	-	-
Total operating expenses	45,679	45,679	45,679	45,679	45,679	1,483,028	2,028,584	2,621,669	3,333,508	3,333,508	3,813,184

Selected Year:

31-Dec
2020

Income after excluding Operating Expenses from Total Revenue

4.4%

Key metric that shows earnings potential of the company's business model

	2012 31-Dec	2013 31-Dec	2014 31-Dec	2015 31-Dec	2016 31-Dec	2017 31-Dec	2018 31-Dec	2019 31-Dec	Selected Year: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Operating income	$45,679	$45,679	$45,679	$45,679	$45,679	($64,396)	($42,426)	$42,123	$198,863	$198,863	$71,720

Selected Year:

31-Dec
2020

Cost usually unrelated to delivering service or manufacturing a product that business sells

0.4%

	2012 31-Dec	2013 31-Dec	2014 31-Dec	2015 31-Dec	2016 31-Dec	2017 31-Dec	2018 31-Dec	2019 31-Dec	Selected Year:	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Other expense or income	-	-	-	-	-	-	56,135	58,345	(16,932)	(16,932)	-
Total non-operating income (expense)	45,679	45,679	45,679	45,679	45,679	-	-	-	(16,932)	(16,932)	-

Selected Year:

31-Dec
2020

Income after excluding Operating and Non-operating Expenses from Total Revenue

4.0%

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory

	2012 31-Dec	2013 31-Dec	2014 31-Dec	2015 31-Dec	2016 31-Dec	2017 31-Dec	2018 31-Dec	2019 31-Dec	Selected Year: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
EBIT	$45,679	$45,679	$45,679	$45,679	$45,679	($64,396)	($42,426)	$42,123	$181,931	$181,931	$71,720

Selected Year:

31-Dec
2020

Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure

1.4%

	2012 31-Dec	2013 31-Dec	2014 31-Dec	2015 31-Dec	2016 31-Dec	2017 31-Dec	2018 31-Dec	2019 31-Dec	Selected Year: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Interest expense	-	45,679	45,679	45,679	45,679	(53,394)	(52,733)	(33,283)	(32,746)	(32,746)	(30,832)
Interest and other income or expenses	45,679	-	-	-	-	-	-	-	-	-	-
Interest income and other income (expense)	-	45,679	45,679	45,679	45,679	4,384	56,135	58,345	-	-	-
Income before income taxes	45,679	45,679	45,679	45,679	45,679	(113,406)	(39,024)	67,185	149,185	149,185	53,440
Income tax expense or benefit TEST - ODD	45,679	45,679	45,679	45,679	45,679	3,440	(12,320)	(559,513)	30,682	30,682	(13,152)

Selected Year:

31-Dec
2020

Ultimate measure of Income - Net result after excluding all expenses from Total Revenue

2.6%

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders

	2012 31-Dec	2013 31-Dec	2014 31-Dec	2015 31-Dec	2016 31-Dec	2017 31-Dec	2018 31-Dec	2019 31-Dec	Selected Year: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Net income (loss)	$45,679	$45,679	$45,679	$45,679	$45,679	($116,846)	($26,704)	$626,698	$118,503	$118,503	$66,592
Net income (loss) attributable to common stock	45,679	45,679	-	-	-	-	-	-	-	-	-

Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective

	2013 28-Feb	2014 31-Jan	2015 31-Jan	2016 31-Jan	2017 31-Jan	2018 31-Jan	2019 31-Jan	2020 31-Jan	2021 31-Jan	2021 31-Jan	2021 31-Jan
Common	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	174,700,000	180,500,000	189,800,000	196,100,000	196,100,000	196,100,000

Selected Year:

31-Dec
2020

Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)

	2012 31-Dec	2013 31-Dec	2014 31-Dec	2015 31-Dec	2016 31-Dec	2017 31-Dec	2018 31-Dec	2019 31-Dec	Selected Year: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Net Income per basic share	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	($0.68)	($0.15)	$3.36	$0.61	$0.61	$0.32
Net Income per diluted share	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	($0.68)	($0.15)	$3.18	$0.59	$0.59	$0.36

Servicenow Inc

Short Description

Income Statement

Subscription revenue

Professional services revenue

Sales and marketing

Research and development

Cost of subscription revenue

General and administrative

Professional services and other

Operating Income

Other expense or income

EBIT

Income tax expense or benefit

Interest expense

Net income (loss)