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10-Q Filing

Workday, Inc. CIK: 1327811 Q1 2022
Filing Information
Form Type 10-Q
Accession Number 0001327811-21-000054
Period End Date 20210430
Filing Date 20210526
Fiscal Year 2022
Fiscal Period Q1
XBRL Instance wday-20210430_htm.xml
Balance Sheet 66 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $959.36M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.21B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.38B USD Point-in-time
Marketable securities MarketableSecuritiesCurrent $2.04B USD Point-in-time
Marketable securities MarketableSecuritiesCurrent $2.15B USD Point-in-time
Trade and other receivables, net AccountsReceivableNetCurrent $647.16M USD Point-in-time
Trade and other receivables, net AccountsReceivableNetCurrent $1.03B USD Point-in-time
Deferred costs DeferredCostsCurrent $122.76M USD Point-in-time
Deferred costs DeferredCostsCurrent $123.83M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $140.28M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $111.16M USD Point-in-time
Total current assets AssetsCurrent $3.91B USD Point-in-time
Total current assets AssetsCurrent $4.80B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.16B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $972.40M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $414.14M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $280.94M USD Point-in-time
Deferred costs, noncurrent DeferredCosts $271.80M USD Point-in-time
Deferred costs, noncurrent DeferredCosts $265.39M USD Point-in-time
Acquisition-related intangible assets, net FiniteLivedIntangibleAssetsNetAcquisitionRelatedIntangibles $248.63M USD Point-in-time
Acquisition-related intangible assets, net FiniteLivedIntangibleAssetsNetAcquisitionRelatedIntangibles $401.22M USD Point-in-time
Goodwill Goodwill $1.82B USD Point-in-time
Goodwill Goodwill $2.36B USD Point-in-time
Other assets OtherAssetsNoncurrent $189.76M USD Point-in-time
Other assets OtherAssetsNoncurrent $252.80M USD Point-in-time
Total assets Assets $8.72B USD Point-in-time
Total assets Assets $8.62B USD Point-in-time
Accounts payable AccountsPayableCurrent $48.10M USD Point-in-time
Accounts payable AccountsPayableCurrent $75.60M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $169.27M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $208.56M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $320.18M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $285.06M USD Point-in-time
Unearned revenue ContractWithCustomerLiabilityCurrent $2.36B USD Point-in-time
Unearned revenue ContractWithCustomerLiabilityCurrent $2.56B USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityCurrent $93.00M USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityCurrent $81.11M USD Point-in-time
Debt, current LongTermDebtCurrent $1.10B USD Point-in-time
Debt, current LongTermDebtCurrent $1.19B USD Point-in-time
Total current liabilities LiabilitiesCurrent $4.28B USD Point-in-time
Total current liabilities LiabilitiesCurrent $4.21B USD Point-in-time
Debt, noncurrent LongTermDebtNoncurrent $673.27M USD Point-in-time
Debt, noncurrent LongTermDebtNoncurrent $691.91M USD Point-in-time
Unearned revenue, noncurrent ContractWithCustomerLiabilityNoncurrent $80.11M USD Point-in-time
Unearned revenue, noncurrent ContractWithCustomerLiabilityNoncurrent $64.91M USD Point-in-time
Operating lease liabilities, noncurrent OperatingLeaseLiabilityNoncurrent $350.05M USD Point-in-time
Operating lease liabilities, noncurrent OperatingLeaseLiabilityNoncurrent $213.57M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $35.85M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $56.06M USD Point-in-time
Total liabilities Liabilities $5.44B USD Point-in-time
Total liabilities Liabilities $5.22B USD Point-in-time
Common stock CommonStockValueOutstanding $242.00K USD Point-in-time
Common stock CommonStockValueOutstanding $246.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $6.25B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $6.30B USD Point-in-time
Treasury stock TreasuryStockValue $12.38M USD Point-in-time
Treasury stock TreasuryStockValue $12.42M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-60.42M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-54.97M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-2.82B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-2.91B USD Point-in-time
Total stockholders equity StockholdersEquity $3.28B USD Point-in-time
Total stockholders equity StockholdersEquity $2.60B USD Point-in-time
Total stockholders equity StockholdersEquity $3.41B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $8.62B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $8.72B USD Point-in-time
Income Statement 28 line items
Line Item Tag Value Unit Period
Total revenues RevenueFromContractWithCustomerExcludingAssessedTax $1.18B USD 1 Quarter
Total revenues RevenueFromContractWithCustomerExcludingAssessedTax $1.02B USD 1 Quarter
Product development ResearchAndDevelopmentExpense $443.48M USD 1 Quarter
Product development ResearchAndDevelopmentExpense $441.62M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $326.49M 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 $112.18M USD 1 Quarter
Total costs and expenses OperatingExpenses $1.16B USD 1 Quarter
Total costs and expenses OperatingExpenses $1.21B USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-38.31M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-144.46M USD 1 Quarter
Other income (expense), net NonoperatingIncomeExpense $-9.05M USD 1 Quarter
Other income (expense), net NonoperatingIncomeExpense $-10.97M USD 1 Quarter
Loss before provision for (benefit from) income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-47.36M USD 1 Quarter
Loss before provision for (benefit from) income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-155.43M USD 1 Quarter
Provision for (benefit from) income taxes IncomeTaxExpenseBenefit $-842.00K USD 1 Quarter
Provision for (benefit from) income taxes IncomeTaxExpenseBenefit $2.94M USD 1 Quarter
Net loss NetIncomeLoss $-158.37M USD 1 Quarter
Net loss NetIncomeLoss $-46.52M USD 1 Quarter
Net loss per share, basic (in dollars per share) EarningsPerShareBasic $-0.68 USD 1 Quarter
Net loss per share, basic (in dollars per share) EarningsPerShareBasic $-0.19 USD 1 Quarter
Net loss per share, diluted (in dollars per share) EarningsPerShareDiluted $-0.19 USD 1 Quarter
Net loss per share, diluted (in dollars per share) EarningsPerShareDiluted $-0.68 USD 1 Quarter
Weighted-average common shares outstanding, basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 232.94M shares 1 Quarter
Weighted-average common shares outstanding, basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 243.74M shares 1 Quarter
Weighted-average common shares outstanding, diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 232.94M shares 1 Quarter
Weighted-average common shares outstanding, diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 243.74M shares 1 Quarter
Cash Flow Statement 82 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-158.37M USD 1 Quarter
Net loss NetIncomeLoss $-46.52M USD 1 Quarter
Depreciation and amortization OtherDepreciationAndAmortization $82.46M USD 1 Quarter
Depreciation and amortization OtherDepreciationAndAmortization $71.51M USD 1 Quarter
Share-based compensation expenses ShareBasedCompensation $264.63M USD 1 Quarter
Share-based compensation expenses ShareBasedCompensation $236.67M USD 1 Quarter
Amortization of deferred costs CapitalizedContractCostAmortization $31.61M 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 $997.00K USD 1 Quarter
Non-cash lease expense NoncashLeaseExpense $18.37M USD 1 Quarter
Non-cash lease expense NoncashLeaseExpense $22.23M USD 1 Quarter
Other OtherNoncashIncomeExpense $-3.40M USD 1 Quarter
Other OtherNoncashIncomeExpense $-4.37M USD 1 Quarter
Trade and other receivables, net IncreaseDecreaseInAccountsReceivable $-290.90M USD 1 Quarter
Trade and other receivables, net IncreaseDecreaseInAccountsReceivable $-392.12M USD 1 Quarter
Deferred costs IncreaseDecreaseInDeferredCharges $18.06M USD 1 Quarter
Deferred costs IncreaseDecreaseInDeferredCharges $26.27M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $35.57M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-19.98M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayableTrade $-22.38M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayableTrade $-170.00K USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilities $-10.92M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilities $-1.50M USD 1 Quarter
Unearned revenue IncreaseDecreaseInContractWithCustomerLiability $-218.71M USD 1 Quarter
Unearned revenue IncreaseDecreaseInContractWithCustomerLiability $-225.58M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $452.43M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $263.68M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireMarketableSecurities $765.39M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireMarketableSecurities $553.99M USD 1 Quarter
Maturities of marketable securities ProceedsFromMaturityOfMarketableSecurities $381.40M USD 1 Quarter
Maturities of marketable securities ProceedsFromMaturityOfMarketableSecurities $857.41M USD 1 Quarter
Sales of marketable securities ProceedsFromSaleOfDebtAndEquitySecurities $5.28M USD 1 Quarter
Sales of marketable securities ProceedsFromSaleOfDebtAndEquitySecurities $12.46M USD 1 Quarter
Owned real estate projects PaymentsToAcquireAndDevelopRealEstate $2.49M USD 1 Quarter
Owned real estate projects PaymentsToAcquireAndDevelopRealEstate $171.42M USD 1 Quarter
Capital expenditures, excluding owned real estate projects PaymentsToAcquireOtherProductiveAssets $59.94M USD 1 Quarter
Capital expenditures, excluding owned real estate projects PaymentsToAcquireOtherProductiveAssets $69.80M USD 1 Quarter
Business combinations, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Business combinations, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $679.22M USD 1 Quarter
Purchases of non-marketable equity and other investments PaymentsToAcquireOtherInvestments $45.77M 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 $4.64M USD 1 Quarter
Sales and maturities of non-marketable equity and other investments ProceedsFromSaleAndMaturityOfOtherInvestments $25.00K USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $5.00K 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 $-861.72M USD 1 Quarter
Proceeds from borrowings on Term Loan, net of debt discount and issuance costs ProceedsFromRepaymentsOfOtherLongTermDebt - USD 1 Quarter
Proceeds from borrowings on Term Loan, net of debt discount and issuance costs ProceedsFromRepaymentsOfOtherLongTermDebt $497.80M USD 1 Quarter
Payments on convertible senior notes RepaymentsOfConvertibleDebt $1.00K USD 1 Quarter
Payments on convertible senior notes RepaymentsOfConvertibleDebt $51.00K USD 1 Quarter
Payments on Term Loan RepaymentsOfLongTermLinesOfCredit - USD 1 Quarter
Payments on Term Loan RepaymentsOfLongTermLinesOfCredit $9.38M USD 1 Quarter
Proceeds from issuance of common stock from employee equity plans, net of taxes paid for shares withheld PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.36M USD 1 Quarter
Proceeds from issuance of common stock from employee equity plans, net of taxes paid for shares withheld ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $3.58M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-225.00K USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-2.04M 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 $-11.01M USD 1 Quarter
Effect of exchange rate changes EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $186.00K 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 $-420.11M USD 1 Quarter
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 $734.72M USD Point-in-time
Cash, cash equivalents, and restricted cash at the beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.39B USD Point-in-time
Cash, cash equivalents, and restricted cash at the beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $967.81M 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 $734.72M USD Point-in-time
Cash, cash equivalents, and restricted cash at the end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.39B USD Point-in-time
Cash, cash equivalents, and restricted cash at the end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $967.81M USD Point-in-time
Cash paid for interest InterestPaidNet $1.44M USD 1 Quarter
Cash paid for interest InterestPaidNet $4.64M USD 1 Quarter
Cash paid for income taxes IncomeTaxesPaid $2.94M USD 1 Quarter
Cash paid for income taxes IncomeTaxesPaid $4.49M 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 $78.47M USD 1 Quarter
Total cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.22B USD Point-in-time
Total cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $734.72M USD Point-in-time
Total cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.39B USD Point-in-time
Total cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $967.81M USD Point-in-time
Stockholders Equity 10 line items
Line Item Tag Value Unit Period
Balance StockholdersEquity $3.28B USD Point-in-time
Balance StockholdersEquity $2.60B USD Point-in-time
Balance StockholdersEquity $3.41B USD Point-in-time
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $34.03M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-5.45M USD 1 Quarter
Net loss NetIncomeLoss $-158.37M USD 1 Quarter
Net loss NetIncomeLoss $-46.52M USD 1 Quarter
Balance StockholdersEquity $3.28B USD Point-in-time
Balance StockholdersEquity $2.60B USD Point-in-time
Balance StockholdersEquity $3.41B USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-158.37M USD 1 Quarter
Net loss NetIncomeLoss $-46.52M USD 1 Quarter
Net change in foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $218.00K USD 1 Quarter
Net change in foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-1.25M USD 1 Quarter
Net change in unrealized gains (losses) on available-for-sale debt securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $2.97M USD 1 Quarter
Net change in unrealized gains (losses) on available-for-sale debt securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-898.00K USD 1 Quarter
Net change in market value of effective foreign currency forward exchange contracts OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $32.31M USD 1 Quarter
Net change in market value of effective foreign currency forward exchange contracts OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-4.77M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $34.03M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-5.45M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-51.97M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-124.33M USD 1 Quarter

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

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