Workday Inc

For the period ended Jul 31, 2024. Filed Aug 28, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jul 31, 2024 · Filed Aug 28, 2024

WDAY$188.89-0.7%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Cash Flows for the

Condensed Consolidated Statements of Cash Flows

	Three Months Ended July 31,		Six Months Ended July 31,
	2024	2023	2024	2023
Cash flows from operating activities:
Net income (loss)	$132	$79	$239	$79
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	79	71	154	142
Share-based compensation expenses	370	352	755	722
Amortization of deferred costs	62	52	121	101
Non-cash lease expense	25	24	51	48
(Gains) losses on investments	3	(1)	10	7
Accretion of discounts on marketable debt securities, net	(29)	(38)	(62)	(72)
Deferred income taxes	27	0	33	2
Other	9	(6)	11	(12)
Changes in operating assets and liabilities, net of business combinations:
Trade and other receivables, net	(157)	(183)	351	290
Deferred costs	(64)	(68)	(104)	(103)
Prepaid expenses and other assets	46	25	24	7
Accounts payable	2	2	12	(56)
Accrued expenses and other liabilities	69	36	(124)	(187)
Unearned revenue	(3)	80	(528)	(265)
Net cash provided by (used in) operating activities	571	425	943	703
Cash flows from investing activities:
Purchases of marketable securities	(1,365)	(1,585)	(2,143)	(3,473)
Maturities of marketable securities	1,035	1,240	2,132	2,471
Sales of marketable securities	51	25	68	48
Capital expenditures	(55)	(65)	(136)	(124)
Business combinations, net of cash acquired	(10)	0	(522)	0
Purchase of other intangible assets	0	0	0	(9)
Purchases of non-marketable equity and other investments	(7)	0	(7)	(11)
Sales and maturities of non-marketable equity and other investments	5	0	5	0
Net cash provided by (used in) investing activities	(346)	(385)	(603)	(1,098)
Cash flows from financing activities:
Repurchases of common stock	(312)	(139)	(440)	(139)
Proceeds from issuance of common stock from employee equity plans	106	95	106	95
Taxes paid related to net share settlement of equity awards	(141)	(5)	(381)	(8)
Net cash provided by (used in) financing activities	(347)	(49)	(715)	(52)
Effect of exchange rate changes	0	1	0	0
Net increase (decrease) in cash, cash equivalents, and restricted cash	(122)	(8)	(375)	(447)
Cash, cash equivalents, and restricted cash at the beginning of period	1,771	1,456	2,024	1,895
Cash, cash equivalents, and restricted cash at the end of period	$1,649	$1,448	$1,649	$1,448

	Three Months Ended July 31,		Six Months Ended July 31,
	2024	2023	2024	2023
Supplemental cash flow data:
Cash paid for interest	$0	$0	$55	$55
Cash paid for income taxes, net of refunds	29	21	35	32
Non-cash investing and financing activities:
Purchases of property and equipment, accrued but not paid	56	41	56	41
Accrued taxes related to net share settlement of equity awards	14	0	14	0

	As of July 31,
	2024	2023
Reconciliation of cash, cash equivalents, and restricted cash as shown in the Condensed Consolidated Statements of Cash Flows:
Cash and cash equivalents	$1,635	$1,436
Restricted cash included in Prepaid expenses and other current assets	14	12
Total cash, cash equivalents, and restricted cash	$1,649	$1,448

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.