← VEEVA SYSTEMS INC
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $68.8m | $142.0m | $229.8m | $301.1m | $380.0m | $427.4m | $487.7m | $525.7m | $714.1m | $908.9m | — | |
| Depreciation and amortization | $13.8m | $14.3m | $14.1m | $19.9m | $29.5m | $27.4m | $29.1m | $32.6m | $39.4m | $38.0m | $39.7m | |
| Amortization of Deferred Charges | — | — | $18.4m | $20.5m | $21.0m | — | $22.0m | $18.0m | $16.0m | $16.0m | — | |
| Amortization of Intangible Assets | $8.2m | $7.8m | $7.0m | $10.1m | $20.0m | — | $19.0m | $19.0m | $19.0m | $14.0m | — | |
| Depreciation | $4.9m | $5.9m | $6.4m | $8.5m | $9.0m | $27.4m | $6.0m | $6.0m | $39.4m | $38.0m | $39.7m | |
| Amortization Of Securities | — | — | — | — | — | — | ($3.6m) | ($26.5m) | ($24.4m) | ($9.7m) | ($9.0m) | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $29.1m | $32.6m | $39.4m | $38.0m | $39.7m | |
| Deferred Income Tax Expense (Benefit) | ($5.1m) | $3.3m | ($8.1m) | ($6.7m) | ($1.0m) | — | ($127.5m) | ($105.4m) | ($112.3m) | $65.1m | $106.8m | |
| Deferred Tax | — | — | — | — | — | — | ($127.5m) | ($105.4m) | ($112.3m) | $65.1m | $106.8m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | $185.0m | — | $351.9m | $393.7m | $437.4m | $472.7m | $479.8m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $14k | — | — | — | $0 | — | $63.0m | $78.9m | $79.4m | $93.2m | — | |
| Share-based Payment Arrangement, Expense | $40.8m | $54.0m | $76.4m | $115.9m | $185.0m | — | $351.9m | $393.7m | $437.4m | $472.7m | $479.8m | |
| Goodwill, Impairment Loss | — | $0 | $0 | $0 | $0 | — | $0 | $0 | $0 | $0 | $478k | |
| Asset Impairment Charge | — | — | — | — | — | $272k | $256k | $693k | — | — | $478k | |
| Other Nonoperating Income (Expense) | $1.7m | $7.8m | $15.8m | $27.5m | $16.2m | — | $50.0m | $158.7m | $227.9m | $278.1m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $7.3m | $60.8m | $7.6m | ($91.9m) | $79.2m | |
| Increase (Decrease) in Accounts Receivable | $38.1m | $50.7m | $79.0m | $55.5m | $174.1m | — | $72.2m | $149.8m | $164.6m | $244.7m | ($82.1m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | $130k | ($242k) | $198k | $244k | ($307k) | — | $256k | $693k | — | — | ($82.1m) | |
| Change In Receivables | — | — | — | — | — | — | ($91.1m) | ($104.0m) | ($169.0m) | ($254.6m) | ($82.1m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($72.2m) | ($149.8m) | ($164.6m) | ($244.7m) | ($82.1m) | |
| Increase (Decrease) in Accounts Payable | $1.1m | $1.4m | $1.8m | $2.8m | $754k | — | $21.4m | ($10.2m) | ($2.0m) | $6.1m | $2.8m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $27.9m | ($7.6m) | ($6.2m) | $6.7m | $2.8m | |
| Purchases of property and equipment, accrued but unpaid | $6.9m | $9.6m | $8.4m | $3.1m | — | — | — | — | — | — | — | |
| Change In Accrued Expense | — | — | — | — | — | — | $9.3m | ($4.2m) | ($1.4m) | $3.0m | $20.6m | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($1.7m) | ($5.9m) | ($9.6m) | ($3.4m) | ($3.2m) | |
| Net Cash Provided by (Used in) Operating Activities | $144.0m |
$233.4m
+62.10%
|
$310.8m
+33.15%
|
$437.4m
+40.71%
|
$551.2m
+26.04%
|
$764.5m
+38.68%
|
$780.5m
+2.09%
|
$911.3m
+16.77%
|
$1.1b
+19.61%
|
$1.4b
+29.83%
|
$1.7b
+17.66%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $6.9m | $9.6m | $8.4m | $3.1m | — | — | — | — | — | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | $448.2m | $0 | — | $0 | $0 | — | — | — | |
| Net Other Investing Changes | — | — | — | — | — | — | ($13.5m) | ($26.2m) | ($20.5m) | ($29.1m) | ($25.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($96.7m) | ($154.7m) | ($103.9m) | ($516.9m) | ($333.6m) | ($346.2m) | ($1.0b) | ($1.1b) | ($700.1m) | ($1.1b) | ($1.4b) | |
| Cash flows from financing activities: | ||||||||||||
| Net Issuance Payments Of Debt | — | — | — | — | — | ($384k) | $0 | $0 | — | — | — | |
| Net Long Term Debt Issuance | — | — | — | — | — | ($384k) | $0 | $0 | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | — | — | $169.9m | — | |
| Common Stock Payments | — | — | — | — | — | — | — | $0 | $0 | ($169.9m) | ($396.9m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | — | $0 | $0 | ($169.9m) | ($396.9m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | — | $0 | $0 | ($169.9m) | ($396.9m) | |
| Dividends Payable | — | — | — | $0 | $0 | — | $0 | — | — | — | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($63.0m) | ($78.9m) | ($79.4m) | ($93.2m) | ($111.5m) | |
| Net Cash Provided by (Used in) Financing Activities | $38.0m |
$20.8m
-45.30%
|
$25.9m
+24.73%
|
$10.0m
-61.37%
|
$33.8m
+237.84%
|
($4.1m)
-112.24%
|
($19.4m)
-368.02%
|
($16.2m)
+16.45%
|
$26.1m
+261.32%
|
($9.3m)
-135.74%
|
($292.2m)
-3031.24%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $91k | $3.1m | $230.8m | ($72.4m) | $251.9m | ($4.7m) | ($251.6m) | ($183.0m) | $414.3m | $302.4m | $1.9b | |
| Beginning Cash Position | — | — | — | — | — | — | $1.1b | $889.6m | $706.7m | $1.1b | $2.0b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $91k | $3.1m | $552.2m | $479.8m | $731.7m | ($4.7m) | $889.6m | $706.7m | $1.1b | $1.4b | $1.9b | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $91k | $3.1m | ($2.1m) | ($2.9m) | $484k | ($4.7m) | ($5.0m) | ($1.8m) | ($1.7m) | $919k | ($379k) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($5.0m) | ($1.8m) | ($1.7m) | $919k | ($379k) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | $12.4m | $20.8m | $25.9m | $11.0m | $34.9m | $51.5m | $43.7m | $62.7m | $105.5m | $253.9m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Income Taxes Paid, Net | $14.2m | $12.5m | $19.5m | $14.3m | $18.1m | $58.6m | $168.0m | $134.5m | $322.0m | $230.0m | — | |
| Noncash investing and financing activities: | ||||||||||||
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | — | ($265k) | $177k | $120k | $365k | — | ($971k) | $222k | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Realized | — | — | — | — | — | — | — | — | — | ($9.0m) | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | — | — | — | — | — | — | — | — | ($9.0m) | — | |
| General and Administrative Expense | $48.8m | $60.4m | $86.4m | $114.3m | $149.1m | — | $217.6m | $246.5m | $265.7m | $300.7m | — | |
| Goodwill | $95.8m | $95.8m | $95.8m | $438.5m | $436.0m | — | $439.9m | $439.9m | $439.9m | $439.9m | $478k | |
| Income Tax Expense (Benefit) | $40.8m | $16.7m | $8.8m | $12.6m | $14.0m | — | $21.4m | $62.3m | $205.2m | $285.6m | — | |
| Operating Expenses | $262.4m | $323.3m | $394.1m | $514.5m | $678.3m | — | $1.1b | $1.3b | $1.4b | $1.5b | — | |
| Operating Lease, Expense | — | — | — | $7.9m | $13.0m | — | $16.0m | $16.0m | $14.0m | $17.0m | — | |
| Realized Investment Gains (Losses) | ($1.0m) | $1.2m | ($2.1m) | ($708k) | $2.3m | — | $591k | $124k | ($3.3m) | $1.5m | — | |
| Operating Cash Flow | $144.0m |
$233.4m
+62.10%
|
$310.8m
+33.15%
|
$437.4m
+40.71%
|
$551.2m
+26.04%
|
$764.5m
+38.68%
|
$780.5m
+2.09%
|
$911.3m
+16.77%
|
$1.1b
+19.61%
|
$1.4b
+29.83%
|
$1.7b
+17.66%
|
|
| Cash Flow From Continuing Operating Activities | $144.0m | $233.4m | $310.8m | $437.4m | $551.2m | $764.5m | $780.5m | $911.3m | $1.1b | $1.4b | $1.7b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($19.4m) | ($16.2m) | $26.1m | ($9.3m) | ($292.2m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($1.0b) | ($1.1b) | ($700.1m) | ($1.1b) | ($1.4b) | |
| Change In Account Payable | — | — | — | — | — | — | $21.4m | ($10.2m) | ($2.0m) | $6.1m | $2.8m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($251.6m) | ($183.0m) | $414.3m | $302.4m | — | |
| Change In Income Tax Payable | — | — | — | — | — | — | ($2.8m) | $6.9m | ($2.8m) | ($2.3m) | ($23.5m) | |
| Change In Other Working Capital | — | — | — | — | — | — | $119.7m | $177.9m | $209.8m | $193.1m | $201.9m | |
| Change In Payable | — | — | — | — | — | — | $18.6m | ($3.3m) | ($4.8m) | $3.8m | $2.8m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($47.4m) | $414k | ($17.5m) | ($33.8m) | ($37.3m) | |
| Change In Tax Payable | — | — | — | — | — | — | ($2.8m) | $6.9m | ($2.8m) | ($2.3m) | ($23.5m) | |
| Changes In Cash | — | — | — | — | — | — | ($246.6m) | ($181.2m) | $416.0m | $301.5m | ($68.0m) | |
| End Cash Position | — | — | — | — | — | — | $889.6m | $706.7m | $1.1b | $1.4b | $1.9b | |
| Financing Cash Flow | — | — | — | — | — | — | ($19.4m) |
($16.2m)
+16.45%
|
$26.1m
+261.32%
|
($9.3m)
-135.74%
|
($292.2m)
-3031.24%
|
|
| Free Cash Flow | — | — | — | — | — | — | $780.5m | $911.3m | $1.1b | $1.4b | $1.7b | |
| Investing Cash Flow | — | — | — | — | — | — | ($1.0b) | ($1.1b) | ($700.1m) | ($1.1b) | ($1.4b) | |
| Net Business Purchase And Sale | — | — | — | — | — | ($7.8m) | $0 | $0 | — | — | — | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | ($782k) | $971k | ($222k) | — | — | ($1.9m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($994.2m) | ($1.1b) | ($679.6m) | ($1.1b) | ($1.3b) | |
| Operating Gains Losses | — | — | — | — | — | ($782k) | $971k | ($222k) | — | — | ($1.9m) | |
| Other Non Cash Items | — | — | — | — | — | — | $35.5m | $30.3m | $28.3m | $32.2m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $43.7m | $62.7m | $105.5m | $253.9m | $216.2m | |
| Purchase Of Business | — | — | — | — | — | ($7.8m) | $0 | $0 | — | — | — | |
| Purchase Of Investment | — | — | — | — | — | — | ($2.0b) | ($2.7b) | ($2.6b) | ($3.1b) | ($3.4b) | |
| Sale Of Investment | — | — | — | — | — | — | $1.0b | $1.6b | $1.9b | $2.1b | $2.1b | |
| Stock Based Compensation | — | — | — | — | — | — | $351.9m | $393.7m | $437.4m | $472.7m | $479.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.