ServiceNow (NOW) FY2017 results: revenue $1.9 billion, up 38.0% on the year
ServiceNow, Inc. (NOW) reported revenue of $1.9 billion for fiscal 2017, the year ended 31 December 2017, up 38.0% on the year before. Net income was -$117 million, and diluted earnings per share $-0.14. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2018.
Revenue
$1.9 billion
+38.0% on the year
FY2012FY2017
Operating margin
-3.4%
-27.5% a year earlier
FY2012FY2017
Net income
-$117 million
FY2012FY2017
Diluted EPS
-$0.14
FY2012FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,918
1,391
1,005
+38.0%
Cost of revenue
500
399
329
+25.4%
Gross profit
1,419
992
676
+43.0%
Gross margin
73.9%
71.3%
67.2%
Research and development
378
285
217
+32.4%
Operating income
-64.4
-382
-166
Operating margin
-3.4%
-27.5%
-16.5%
Interest expense
53.4
33.3
31.1
+60.4%
Pre-tax income
-113
-410
-193
Income tax
3.4
3.8
5.4
-10.2%
Net income
-117
-414
-198
Net margin
-6.1%
-29.8%
-19.7%
Diluted EPS
-$0.14
-$0.55
-$0.25
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
643
159
318
+304.1%
Capital expenditure
151
106
87.5
+42.6%
Free cash flow
492
53.5
230
+819.9%
Free cash flow margin
25.7%
3.8%
22.9%
Cash from investing
-884
-108
-232
Cash from financing
539
-55.8
80.3
Depreciation and amortisation
114
83.1
60.4
+37.1%
Share-based compensation
394
318
258
+24.1%
Buybacks
55.0
0.0
0.0
Diluted shares, weighted
856m
n/a
n/a
Shares outstanding at period end
871m
837m
804m
+4.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
779
541
567
+43.9%
Debt
1,173
508
475
+131.1%
Other liabilities
1,598
985
766
+62.3%
Total liabilities and equity
3,550
2,034
1,807
+74.6%
Fixed assets
245
182
145
+35.0%
Goodwill
129
82.5
55.7
+56.0%
Intangible assets
86.9
65.9
43.0
+32.0%
Investments
1,444
761
812
+89.8%
Cash and equivalents
726
401
412
+81.1%
Receivables
437
323
203
+35.4%
Other assets
482
219
136
+120.0%
Total assets
3,550
2,034
1,807
+74.6%
10-K for the year ended 31 December 2017, filed 28 February 2018: the filing.