Workday (WDAY) FY2020 results: revenue $3.6 billion, up 28.5% on the year
Workday, Inc. (WDAY) reported revenue of $3.6 billion for fiscal 2020, the year ended 31 January 2020, up 28.5% on the year before. Net income was -$481 million, and diluted earnings per share $-2.12. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2020.
Revenue
$3.6 billion
+28.5% on the year
FY2013FY2020
Operating margin
-13.8%
-16.4% a year earlier
FY2013FY2020
Net income
-$481 million
FY2013FY2020
Diluted EPS
-$2.12
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
3,627
2,822
2,143
+28.5%
Research and development
1,550
1,212
911
+27.9%
Operating income
-502
-463
-303
Operating margin
-13.8%
-16.4%
-14.1%
Interest expense
58.7
60.2
44.5
-2.5%
Pre-tax income
-482
-424
-315
Income tax
-1.8
-5.5
6.4
Net income
-481
-418
-321
Net margin
-13.3%
-14.8%
-15.0%
Diluted EPS
-$2.12
-$1.93
-$1.55
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
865
607
466
+42.5%
Capital expenditure
n/a
203
142
Free cash flow
n/a
404
324
Free cash flow margin
n/a
14.3%
15.1%
Cash from investing
-897
-843
-979
Cash from financing
125
-257
1,106
Depreciation and amortisation
n/a
198
136
Share-based compensation
860
652
478
+31.7%
Diluted shares, weighted
227m
n/a
n/a
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
2,487
1,958
1,580
+27.0%
Debt
1,262
1,205
1,491
+4.8%
Operating lease liabilities
241
n/a
n/a
Other liabilities
2,826
2,358
1,876
+19.9%
Total liabilities and equity
6,816
5,521
4,947
+23.5%
Fixed assets
936
797
547
+17.5%
Goodwill
1,819
1,379
159
+31.9%
Intangible assets
308
313
34.2
-1.5%
Investments
1,213
n/a
n/a
Securities held for sale or to maturity
n/a
1,312
2,551
Cash and equivalents
731
639
1,134
+14.5%
Receivables
878
705
528
+24.5%
Other assets
930
376
n/a
+147.3%
Total assets
6,816
5,521
4,947
+23.5%
10-K for the year ended 31 January 2020, filed 3 March 2020: the filing.