ServiceNow Inc
For the period ended Dec 31, 2024. Filed Jan 30, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Jan 30, 2025
NOW$99.61-3.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
(in millions)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net income | $1,425 | $1,731 | $325 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 564 | 562 | 433 |
| Amortization of deferred commissions | 550 | 459 | 358 |
| Stock-based compensation | 1,746 | 1,604 | 1,401 |
| Deferred income taxes | 98 | (857) | 15 |
| Other | (51) | — | 17 |
| Changes in operating assets and liabilities, net of effect of business combinations: | |||
| Accounts receivable | (254) | (300) | (340) |
| Deferred commissions | (713) | (717) | (566) |
| Prepaid expenses and other assets | (332) | (203) | (39) |
| Accounts payable | (52) | (142) | 172 |
| Deferred revenue | 1,179 | 1,085 | 904 |
| Accrued expenses and other liabilities | 107 | 176 | 43 |
| Net cash provided by operating activities | 4,267 | 3,398 | 2,723 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (852) | (694) | (550) |
| Business combinations, net of cash acquired | (113) | (279) | (91) |
| Purchases of other intangibles | (40) | (3) | — |
| Purchases of investments | (5,031) | (4,634) | (4,038) |
| Purchases of non-marketable investments | (181) | (75) | (167) |
| Sales and maturities of investments | 3,752 | 3,522 | 2,245 |
| Other | (36) | (4) | 18 |
| Net cash used in investing activities | (2,501) | (2,167) | (2,583) |
| Cash flows from financing activities: | |||
| Repayments of convertible senior notes attributable to principal | — | — | (94) |
| Proceeds from employee stock plans | 237 | 194 | 177 |
| Repurchases of common stock | (696) | (538) | — |
| Taxes paid related to net share settlement of equity awards | (700) | (459) | (427) |
| Business combination | (184) | — | — |
| Net cash used in financing activities | (1,343) | (803) | (344) |
| Foreign currency effect on cash, cash equivalents and restricted cash | (17) | 1 | (53) |
| Net change in cash, cash equivalents and restricted cash | 406 | 429 | (257) |
| Cash, cash equivalents and restricted cash at beginning of period | 1,904 | 1,475 | 1,732 |
| Cash, cash equivalents and restricted cash at end of period | $2,310 | $1,904 | $1,475 |
| Cash, cash equivalents and restricted cash at end of period: | |||
| Cash and cash equivalents | $2,304 | $1,897 | $1,470 |
| Restricted cash included in prepaid expenses and other current assets | 6 | 7 | 5 |
| Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows | $2,310 | $1,904 | $1,475 |
| Supplemental disclosures of other cash flow information: | |||
| Interest paid | $23 | $23 | $24 |
| Income taxes paid, net of refunds | 230 | 127 | 45 |
| Non-cash investing and financing activities: | |||
| Settlement of 2022 Notes conversion feature | — | — | 233 |
| Benefit from exercise of 2022 Note Hedge | — | — | 233 |
| Property and equipment included in accounts payable, accrued expenses and other liabilities | 55 | 44 | 74 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.