Workday (WDAY) FY2018 results: revenue $2.1 billion, up 36.1% on the year
Workday, Inc. (WDAY) reported revenue of $2.1 billion for fiscal 2018, the year ended 31 January 2018, up 36.1% on the year before. Net income was -$321 million, and diluted earnings per share $-1.55. The figures are the company's own, from the 10-K it filed with the SEC on 14 March 2018.
Revenue
$2.1 billion
+36.1% on the year
FY2012FY2018
Operating margin
-14.1%
-22.4% a year earlier
FY2012FY2018
Net income
-$321 million
FY2012FY2018
Diluted EPS
-$1.55
FY2012FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
2,143
1,574
1,157
+36.1%
Research and development
911
681
470
+33.8%
Operating income
-303
-353
-250
Operating margin
-14.1%
-22.4%
-21.6%
Interest expense
44.5
30.1
31.9
+48.0%
Pre-tax income
-315
-386
-274
Income tax
6.4
-0.8
1.0
Net income
-321
-385
-275
Net margin
-15.0%
-24.4%
-23.8%
Diluted EPS
-$1.55
-$2.06
-$1.53
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
466
351
259
+32.8%
Capital expenditure
142
121
134
+17.2%
Free cash flow
324
230
125
+41.1%
Free cash flow margin
15.1%
14.6%
10.8%
Cash from investing
-979
-169
-300
Cash from financing
1,106
59.7
44.1
+1,753.6%
Depreciation and amortisation
136
106
85.9
+28.3%
Share-based compensation
478
372
250
+28.5%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,580
1,277
1,226
+23.8%
Debt
1,491
0.0
507
Other liabilities
1,876
1,992
996
-5.8%
Total liabilities and equity
4,947
3,268
2,730
+51.4%
Fixed assets
547
366
214
+49.4%
Goodwill
159
108
50.3
+48.0%
Intangible assets
34.2
48.8
15.5
-29.8%
Securities held for sale or to maturity
2,551
n/a
n/a
Cash and equivalents
1,134
540
300
+110.1%
Receivables
528
410
293
+28.9%
Other assets
n/a
1,796
1,857
Total assets
4,947
3,268
2,730
+51.4%
10-K for the year ended 31 January 2018, filed 14 March 2018: the filing.