$WK
WORKIVA INC

2015 Q1 Form 10-Q Financial Statement

#000144530515000045 Filed on May 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $35.15M $28.13M
YoY Change 24.96% 32.08%
Cost Of Revenue $9.662M $7.467M
YoY Change 29.4% 19.07%
Gross Profit $25.49M $20.67M
YoY Change 23.36% 37.51%
Gross Profit Margin 72.52% 73.46%
Selling, General & Admin $20.44M $14.67M
YoY Change 39.34% 12.97%
% of Gross Profit 80.18% 70.98%
Research & Development $12.01M $10.29M
YoY Change 16.73% 27.08%
% of Gross Profit 47.1% 49.78%
Depreciation & Amortization $1.169M $768.0K
YoY Change 52.21%
% of Gross Profit 4.59% 3.72%
Operating Expenses $32.45M $24.96M
YoY Change 30.02% 18.39%
Operating Profit -$6.955M -$4.290M
YoY Change 62.12% -29.1%
Interest Expense $510.0K $265.0K
YoY Change 92.45% 2550.0%
% of Operating Profit
Other Income/Expense, Net -$66.00K $3.000K
YoY Change -2300.0% -91.18%
Pretax Income -$7.531M -$4.552M
YoY Change 65.44% -24.47%
Income Tax -$84.00K $0.00
% Of Pretax Income
Net Earnings -$7.447M -$4.552M
YoY Change 63.6% -24.47%
Net Earnings / Revenue -21.18% -16.18%
Basic Earnings Per Share
Diluted Earnings Per Share -$186.9K -$116.5K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $89.90M
YoY Change
Cash & Equivalents $89.89M $17.26M
Short-Term Investments
Other Short-Term Assets $3.800M
YoY Change
Inventory
Prepaid Expenses
Receivables $11.91M
Other Receivables $482.0K
Total Short-Term Assets $106.1M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $46.84M
YoY Change
Goodwill
YoY Change
Intangibles $625.0K
YoY Change
Long-Term Investments
YoY Change
Other Assets $736.0K
YoY Change
Total Long-Term Assets $48.20M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $106.1M
Total Long-Term Assets $48.20M
Total Assets $154.3M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.621M
YoY Change
Accrued Expenses $12.20M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $59.00K
YoY Change
Total Short-Term Liabilities $62.32M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $91.00K
YoY Change
Other Long-Term Liabilities $2.962M
YoY Change
Total Long-Term Liabilities $3.053M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $62.32M
Total Long-Term Liabilities $3.053M
Total Liabilities $103.6M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$141.0M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $50.63M
YoY Change
Total Liabilities & Shareholders Equity $154.3M
YoY Change

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income -$7.447M -$4.552M
YoY Change 63.6% -24.47%
Depreciation, Depletion And Amortization $1.169M $768.0K
YoY Change 52.21%
Cash From Operating Activities -$9.229M $1.546M
YoY Change -696.96%
INVESTING ACTIVITIES
Capital Expenditures $871.0K $1.750M
YoY Change -50.23%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$954.0K -$1.768M
YoY Change -46.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.083M $1.939M
YoY Change -155.85%
NET CHANGE
Cash From Operating Activities -$9.229M $1.546M
Cash From Investing Activities -$954.0K -$1.768M
Cash From Financing Activities -$1.083M $1.939M
Net Change In Cash -$11.27M $1.717M
YoY Change -756.14%
FREE CASH FLOW
Cash From Operating Activities -$9.229M $1.546M
Capital Expenditures $871.0K $1.750M
Free Cash Flow -$10.10M -$204.0K
YoY Change 4850.98%

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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0268
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0174
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0152
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0135
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3248657 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
5.28
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
30000 USD
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
114000 USD
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
26433 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
42719 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
7.93
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.50
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
30066000 USD
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
33124000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6089938 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6091831 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.63
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.65
CY2015Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
5.48
CY2015Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
12.99
CY2015Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
12.90
CY2015Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y1M6D
CY2015Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
30350000 USD
CY2015Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y5M23D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y9M18D
CY2015Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y7M24D
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1700000 USD
CY2015Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
2200000 USD
CY2015Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
14393 shares
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
55819000 USD
CY2015Q1 us-gaap Stockholders Equity
StockholdersEquity
50632000 USD
CY2014Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
31767513 shares
CY2015Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
39593700 shares
CY2014Q1 wk Accrued Distributionsto Llc Members
AccruedDistributionstoLLCMembers
0 USD
CY2015Q1 wk Accrued Distributionsto Llc Members
AccruedDistributionstoLLCMembers
60000 USD
CY2014Q1 wk Allowancefor Tenant Improvements
AllowanceforTenantImprovements
0 USD
CY2015Q1 wk Allowancefor Tenant Improvements
AllowanceforTenantImprovements
698000 USD
CY2014Q4 wk Deferred Government Grants Obligations Current
DeferredGovernmentGrantsObligationsCurrent
2324000 USD
CY2015Q1 wk Deferred Government Grants Obligations Current
DeferredGovernmentGrantsObligationsCurrent
2503000 USD
CY2014Q4 wk Deferred Government Grants Obligations Noncurrent
DeferredGovernmentGrantsObligationsNoncurrent
3424000 USD
CY2015Q1 wk Deferred Government Grants Obligations Noncurrent
DeferredGovernmentGrantsObligationsNoncurrent
3492000 USD
CY2014Q1 wk Fair Valueof Fixed Assets Acquired Through Capital Lease Obligations
FairValueofFixedAssetsAcquiredThroughCapitalLeaseObligations
448000 USD
CY2015Q1 wk Fair Valueof Fixed Assets Acquired Through Capital Lease Obligations
FairValueofFixedAssetsAcquiredThroughCapitalLeaseObligations
184000 USD
CY2014Q1 wk Fair Valueof Fixed Assets Acquired Through Financing Obligations
FairValueofFixedAssetsAcquiredThroughFinancingObligations
3128000 USD
CY2015Q1 wk Fair Valueof Fixed Assets Acquired Through Financing Obligations
FairValueofFixedAssetsAcquiredThroughFinancingObligations
0 USD
CY2014Q1 wk Gain Losson Government Grants Reimbursement
GainLossonGovernmentGrantsReimbursement
0 USD
CY2015Q1 wk Gain Losson Government Grants Reimbursement
GainLossonGovernmentGrantsReimbursement
66000 USD
CY2015Q1 wk Proceedsfrom Government Loan Awards
ProceedsfromGovernmentLoanAwards
313000 USD
CY2014Q1 wk Proceedsfrom Government Loan Awards
ProceedsfromGovernmentLoanAwards
2000000 USD
CY2015Q1 wk Proceedsfrom Government Loan Awards
ProceedsfromGovernmentLoanAwards
313000 USD
CY2014Q1 wk Proceedsfrom Governmentfor Training Reimbursement
ProceedsfromGovernmentforTrainingReimbursement
134000 USD
CY2015Q1 wk Proceedsfrom Governmentfor Training Reimbursement
ProceedsfromGovernmentforTrainingReimbursement
0 USD
CY2014Q1 wk Sharebased Compensation Arrangementby Sharebased Payment Award Fair Value Assumptions Expected Forfeiture Rate Maximum
SharebasedCompensationArrangementbySharebasedPaymentAwardFairValueAssumptionsExpectedForfeitureRateMaximum
0.0594
CY2015Q1 wk Sharebased Compensation Arrangementby Sharebased Payment Award Fair Value Assumptions Expected Forfeiture Rate Maximum
SharebasedCompensationArrangementbySharebasedPaymentAwardFairValueAssumptionsExpectedForfeitureRateMaximum
0.0521
CY2014Q1 wk Sharebased Compensation Arrangementby Sharebased Payment Award Fair Value Assumptions Expected Forfeiture Rate Minimum
SharebasedCompensationArrangementbySharebasedPaymentAwardFairValueAssumptionsExpectedForfeitureRateMinimum
0.00
CY2015Q1 wk Sharebased Compensation Arrangementby Sharebased Payment Award Fair Value Assumptions Expected Forfeiture Rate Minimum
SharebasedCompensationArrangementbySharebasedPaymentAwardFairValueAssumptionsExpectedForfeitureRateMinimum
0.0512
CY2015Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. We base our estimates on historical experience and various other assumptions believed to be reasonable. These estimates include, but are not limited to, the determination of the relative selling prices of our services, self-insurance liability for claims incurred but not yet reported, collectability of accounts receivable, useful lives of intangible assets and property and equipment, income taxes and certain assumptions used in the valuation of equity awards. While these estimates are based on our best knowledge of current events and actions that may affect us in the future, actual results may differ materially from these estimates. </font></div></div>

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0001445305-15-000045.txt Edgar Link pending
0001445305-15-000045-xbrl.zip Edgar Link pending
exhibit101-thirdamendmentt.htm Edgar Link pending
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