ServiceNow (NOW) FY2015 results: revenue $1.0 billion, up 47.3% on the year
ServiceNow, Inc. (NOW) reported revenue of $1.0 billion for fiscal 2015, the year ended 31 December 2015, up 47.3% on the year before. Net income was -$198 million, and diluted earnings per share $-0.25. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$1.0 billion
+47.3% on the year
FY2012FY2015
Operating margin
-16.5%
-22.2% a year earlier
FY2012FY2015
Net income
-$198 million
FY2012FY2015
Diluted EPS
-$0.25
FY2012FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,005
683
425
+47.3%
Cost of revenue
329
249
155
+32.4%
Gross profit
676
434
269
+55.9%
Gross margin
67.2%
63.6%
63.4%
Research and development
217
148
78.7
+46.6%
Operating income
-166
-152
-66.3
Operating margin
-16.5%
-22.2%
-15.6%
Interest expense
31.1
29.1
3.5
+7.0%
Pre-tax income
-193
-176
-71.2
Income tax
5.4
3.8
2.5
+40.7%
Net income
-198
-179
-73.7
Net margin
-19.7%
-26.3%
-17.4%
Diluted EPS
-$0.25
-$0.25
-$0.11
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
318
141
81.7
+125.5%
Capital expenditure
87.5
54.4
55.3
+60.9%
Free cash flow
230
86.6
26.4
+166.0%
Free cash flow margin
22.9%
12.7%
6.2%
Cash from investing
-232
-317
-403
Cash from financing
80.3
68.7
569
+16.9%
Depreciation and amortisation
60.4
42.1
24.2
+43.5%
Share-based compensation
258
154
65.6
+67.0%
Buybacks
0.0
n/a
n/a
Diluted shares, weighted
n/a
n/a
677m
Shares outstanding at period end
804m
748m
702m
+7.5%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
567
429
394
+32.2%
Debt
475
443
415
+7.0%
Other liabilities
766
553
359
+38.5%
Total liabilities and equity
1,807
1,425
1,168
+26.8%
Fixed assets
145
104
75.6
+38.8%
Goodwill
55.7
55.0
8.7
+1.2%
Intangible assets
43.0
54.5
5.8
-21.1%
Investments
812
683
524
+18.8%
Cash and equivalents
412
252
366
+63.3%
Receivables
203
159
108
+27.7%
Other assets
136
117
80.1
+17.0%
Total assets
1,807
1,425
1,168
+26.8%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.