10-Q Filing

Workday, Inc. CIK: 1327811 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001327811-20-000070`
Period End Date	20200430
Filing Date	20200528
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	wday-20200430_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 24 Cash Flow Statement 78 Stockholders Equity 10 Comprehensive Income 16

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$781.77M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$731.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.21B	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$1.21B	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$1.38B	USD	Point-in-time
Trade and other receivables, net	`AccountsReceivableNetCurrent`	$877.58M	USD	Point-in-time
Trade and other receivables, net	`AccountsReceivableNetCurrent`	$584.22M	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$100.50M	USD	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$100.46M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$166.64M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$172.01M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.09B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.45B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$937.01M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$936.18M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$310.27M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$290.90M	USD	Point-in-time
Deferred costs, noncurrent	`DeferredCosts`	$214.35M	USD	Point-in-time
Deferred costs, noncurrent	`DeferredCosts`	$222.40M	USD	Point-in-time
Acquisition-related intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$292.59M	USD	Point-in-time
Acquisition-related intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$308.40M	USD	Point-in-time
Goodwill	`Goodwill`	$1.82B	USD	Point-in-time
Goodwill	`Goodwill`	$1.82B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$144.60M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$203.66M	USD	Point-in-time
Total assets	`Assets`	$6.82B	USD	Point-in-time
Total assets	`Assets`	$7.23B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$35.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$57.56M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$111.65M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$130.05M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$248.15M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$274.90M	USD	Point-in-time
Unearned revenue	`ContractWithCustomerLiabilityCurrent`	$2.22B	USD	Point-in-time
Unearned revenue	`ContractWithCustomerLiabilityCurrent`	$2.01B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$70.76M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$66.15M	USD	Point-in-time
Debt, current	`LongTermDebtCurrent`	$266.14M	USD	Point-in-time
Debt, current	`LongTermDebtCurrent`	$244.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.97B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.77B	USD	Point-in-time
Debt, noncurrent	`LongTermDebtNoncurrent`	$1.51B	USD	Point-in-time
Debt, noncurrent	`LongTermDebtNoncurrent`	$1.02B	USD	Point-in-time
Unearned revenue, noncurrent	`ContractWithCustomerLiabilityNoncurrent`	$86.03M	USD	Point-in-time
Unearned revenue, noncurrent	`ContractWithCustomerLiabilityNoncurrent`	$78.32M	USD	Point-in-time
Operating lease liabilities, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$254.18M	USD	Point-in-time
Operating lease liabilities, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$241.43M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$13.25M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$14.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.33B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.63B	USD	Point-in-time
Common stock	`CommonStockValueOutstanding`	$235.00K	USD	Point-in-time
Common stock	`CommonStockValueOutstanding`	$231.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.09B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.33B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$57.53M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$23.49M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.79B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.63B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.49B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.04B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.60B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$7.23B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$6.82B	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$825.05M	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.02B	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$443.48M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$347.83M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$272.94M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$318.56M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$95.17M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$84.45M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$948.44M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$1.16B	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-123.39M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-144.46M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-10.97M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$7.14M	USD	1 Quarter
Loss before provision for (benefit from) income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-116.25M	USD	1 Quarter
Loss before provision for (benefit from) income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-155.43M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$2.94M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$30.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-158.37M	USD	1 Quarter
Net loss	`ProfitLoss`	$-116.28M	USD	1 Quarter
Net loss per share, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.52	USD	1 Quarter
Net loss per share, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.68	USD	1 Quarter
Weighted-average shares used to compute net loss per share, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	232.94M	shares	1 Quarter
Weighted-average shares used to compute net loss per share, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	223.31M	shares	1 Quarter

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-158.37M	USD	1 Quarter
Net loss	`ProfitLoss`	$-116.28M	USD	1 Quarter
Depreciation and amortization	`OtherDepreciationAndAmortization`	$71.51M	USD	1 Quarter
Depreciation and amortization	`OtherDepreciationAndAmortization`	$61.16M	USD	1 Quarter
Share-based compensation expenses	`ShareBasedCompensation`	$236.67M	USD	1 Quarter
Share-based compensation expenses	`ShareBasedCompensation`	$185.24M	USD	1 Quarter
Amortization of deferred costs	`CapitalizedContractCostAmortization`	$20.88M	USD	1 Quarter
Amortization of deferred costs	`CapitalizedContractCostAmortization`	$26.06M	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$14.84M	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$11.59M	USD	1 Quarter
Non-cash lease expense	`NoncashLeaseExpense`	$18.37M	USD	1 Quarter
Non-cash lease expense	`NoncashLeaseExpense`	$15.82M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-4.37M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$6.85M	USD	1 Quarter
Trade and other receivables, net	`IncreaseDecreaseInAccountsReceivable`	$-290.90M	USD	1 Quarter
Trade and other receivables, net	`IncreaseDecreaseInAccountsReceivable`	$-157.38M	USD	1 Quarter
Deferred costs	`IncreaseDecreaseInDeferredCharges`	$18.06M	USD	1 Quarter
Deferred costs	`IncreaseDecreaseInDeferredCharges`	$18.48M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-19.98M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.11M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-22.38M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$1.50M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$21.40M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-1.50M	USD	1 Quarter
Unearned revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-119.10M	USD	1 Quarter
Unearned revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-218.71M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$209.16M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$263.68M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$471.05M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$553.99M	USD	1 Quarter
Maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$381.40M	USD	1 Quarter
Maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$460.10M	USD	1 Quarter
Sales of marketable securities	`ProceedsFromSaleOfDebtAndEquitySecurities`	$5.28M	USD	1 Quarter
Sales of marketable securities	`ProceedsFromSaleOfDebtAndEquitySecurities`	$50.95M	USD	1 Quarter
Owned real estate projects	`PaymentsToAcquireAndDevelopRealEstate`	$2.49M	USD	1 Quarter
Owned real estate projects	`PaymentsToAcquireAndDevelopRealEstate`	$39.63M	USD	1 Quarter
Capital expenditures, excluding owned real estate projects	`PaymentsToAcquireOtherProductiveAssets`	$65.53M	USD	1 Quarter
Capital expenditures, excluding owned real estate projects	`PaymentsToAcquireOtherProductiveAssets`	$59.94M	USD	1 Quarter
Purchases of non-marketable equity and other investments	`PaymentsToAcquireOtherInvestments`	$2.20M	USD	1 Quarter
Purchases of non-marketable equity and other investments	`PaymentsToAcquireOtherInvestments`	$52.25M	USD	1 Quarter
Sales and maturities of non-marketable equity and other investments	`ProceedsFromSaleAndMaturityOfOtherInvestments`	-	USD	1 Quarter
Sales and maturities of non-marketable equity and other investments	`ProceedsFromSaleAndMaturityOfOtherInvestments`	$4.64M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-23.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-277.35M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-67.36M	USD	1 Quarter
Proceeds from borrowings on term loan, net	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Proceeds from borrowings on term loan, net	`ProceedsFromIssuanceOfLongTermDebt`	$497.80M	USD	1 Quarter
Payments on convertible senior notes	`RepaymentsOfConvertibleDebt`	$1.00K	USD	1 Quarter
Payments on convertible senior notes	`RepaymentsOfConvertibleDebt`	-	USD	1 Quarter
Proceeds from issuance of common stock from employee equity plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$3.46M	USD	1 Quarter
Proceeds from issuance of common stock from employee equity plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$3.58M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.04M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-93.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$499.33M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.36M	USD	1 Quarter
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-327.00K	USD	1 Quarter
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-265.00K	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$485.40M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$144.84M	USD	1 Quarter
Cash, cash equivalents, and restricted cash at the beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$787.05M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at the beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at the beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$642.20M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at the beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$734.72M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at the end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$787.05M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at the end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at the end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$642.20M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at the end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$734.72M	USD	Point-in-time
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$1.44M	USD	1 Quarter
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$3.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$2.94M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$3.53M	USD	1 Quarter
Purchases of property and equipment, accrued but not paid	`CapitalExpendituresIncurredButNotYetPaid`	$39.72M	USD	1 Quarter
Purchases of property and equipment, accrued but not paid	`CapitalExpendituresIncurredButNotYetPaid`	$77.43M	USD	1 Quarter
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$787.05M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22B	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$642.20M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$734.72M	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$2.49B	USD	Point-in-time
Balance	`StockholdersEquity`	$2.04B	USD	Point-in-time
Balance	`StockholdersEquity`	$2.60B	USD	Point-in-time
Net loss	`ProfitLoss`	$-158.37M	USD	1 Quarter
Net loss	`ProfitLoss`	$-116.28M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$13.92M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$34.03M	USD	1 Quarter
Balance	`StockholdersEquity`	$2.49B	USD	Point-in-time
Balance	`StockholdersEquity`	$2.04B	USD	Point-in-time
Balance	`StockholdersEquity`	$2.60B	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Unrealized gains (losses) on available for sale debt securities, tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent`	-	USD	1 Quarter
Net loss	`ProfitLoss`	$-158.37M	USD	1 Quarter
Unrealized gains (losses) on available for sale debt securities, tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent`	$219.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-116.28M	USD	1 Quarter
Foreign currency forward exchange contracts, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$1.98M	USD	1 Quarter
Foreign currency forward exchange contracts, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	-	USD	1 Quarter
Net change in foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-646.00K	USD	1 Quarter
Net change in foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.25M	USD	1 Quarter
Net change in unrealized gains (losses) on available-for-sale debt securities, net of tax provision of $0 and $219, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$703.00K	USD	1 Quarter
Net change in unrealized gains (losses) on available-for-sale debt securities, net of tax provision of $0 and $219, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$2.97M	USD	1 Quarter
Net change in market value of effective foreign currency forward exchange contracts, net of tax provision of $0 and $1,981, respectively	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$13.87M	USD	1 Quarter
Net change in market value of effective foreign currency forward exchange contracts, net of tax provision of $0 and $1,981, respectively	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$32.31M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$13.92M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$34.03M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-124.33M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-102.35M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.