Workday (WDAY) FY2021 results: revenue $4.3 billion, up 19.0% on the year
Workday, Inc. (WDAY) reported revenue of $4.3 billion for fiscal 2021, the year ended 31 January 2021, up 19.0% on the year before. Net income was -$282 million, and diluted earnings per share $-1.19. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2021.
Revenue
$4.3 billion
+19.0% on the year
FY2014FY2021
Operating margin
-5.8%
-13.8% a year earlier
FY2014FY2021
Net income
-$282 million
FY2014FY2021
Diluted EPS
-$1.19
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
4,318
3,627
2,822
+19.0%
Research and development
1,721
1,550
1,212
+11.1%
Operating income
-249
-502
-463
Operating margin
-5.8%
-13.8%
-16.4%
Interest expense
68.8
58.7
60.2
+17.2%
Pre-tax income
-275
-482
-424
Income tax
7.3
-1.8
-5.5
Net income
-282
-481
-418
Net margin
-6.5%
-13.3%
-14.8%
Diluted EPS
-$1.19
-$2.12
-$1.93
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,268
865
607
+46.7%
Capital expenditure
n/a
n/a
203
Free cash flow
n/a
n/a
404
Free cash flow margin
n/a
n/a
14.3%
Cash from investing
-1,242
-897
-843
Cash from financing
625
125
-257
+399.5%
Depreciation and amortisation
n/a
n/a
198
Share-based compensation
1,005
860
652
+16.9%
Buybacks
0.0
n/a
n/a
Diluted shares, weighted
237m
227m
n/a
+4.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
3,278
2,487
1,958
+31.8%
Debt
1,795
1,262
1,205
+42.2%
Operating lease liabilities
350
241
n/a
+45.0%
Other liabilities
3,296
2,826
2,358
+16.6%
Total liabilities and equity
8,718
6,816
5,521
+27.9%
Fixed assets
972
936
797
+3.9%
Goodwill
1,820
1,819
1,379
+0.0%
Intangible assets
n/a
308
313
Investments
2,151
1,213
n/a
+77.3%
Securities held for sale or to maturity
n/a
n/a
1,312
Cash and equivalents
1,384
731
639
+89.3%
Receivables
1,032
878
705
+17.7%
Other assets
1,358
930
376
+46.0%
Total assets
8,718
6,816
5,521
+27.9%
10-K for the year ended 31 January 2021, filed 2 March 2021: the filing.