ServiceNow Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,748	1,425	1,731	325	230
Depreciation & Amortization	738	564	562	433	472
Other Amortization	621	550	459	358	294
Stock-Based Compensation	1,955	1,746	1,604	1,401	1,131
Other Operating Activities	353	47	-857	32	6
Change in Accounts Receivable	-312	-254	-300	-340	-401
Change in Accounts Payable	55	-52	-142	172	55
Change in Unearned Revenue	1,179	1,179	1,085	904	960
Change in Other Net Operating Assets	-893	-938	-744	-562	-556
Operating Cash Flow	5,444	4,267	3,398	2,723	2,191
Operating Cash Flow Growth	27.58%	25.57%	24.79%	24.28%	22.68%
Capital Expenditures	-868	-852	-694	-550	-392
Cash Acquisitions	-1,084	-113	-279	-91	-785
Sale (Purchase) of Intangibles	-43	-40	-3	-	-
Investment in Securities	268	-1,460	-1,187	-1,960	-437
Other Investing Activities	38	-36	-4	18	7
Investing Cash Flow	-1,689	-2,501	-2,167	-2,583	-1,607
Long-Term Debt Repaid	-	-	-	-94	-61
Net Debt Issued (Repaid)	-	-	-	-94	-61
Issuance of Common Stock	270	237	194	177	167
Repurchase of Common Stock	-2,610	-1,396	-997	-427	-612
Other Financing Activities	-	-184	-	-	-
Financing Cash Flow	-2,340	-1,343	-803	-344	-506
Foreign Exchange Rate Adjustments	7	-17	1	-53	-25
Net Cash Flow	1,422	406	429	-257	53
Free Cash Flow	4,576	3,415	2,704	2,173	1,799
Free Cash Flow Growth	34.00%	26.29%	24.44%	20.79%	31.60%
Free Cash Flow Margin	34.46%	31.09%	30.14%	29.99%	30.51%
Free Cash Flow Per Share	4.37	3.28	2.63	2.13	1.77
Cash Interest Paid	22	23	23	24	41
Cash Income Tax Paid	283	230	127	45	36
Levered Free Cash Flow	4,952	3,282	3,269	2,555	2,290
Unlevered Free Cash Flow	4,966	3,296	3,269	2,555	2,290
Change in Working Capital	29	-65	-101	174	58

Source: S&P Global Market Intelligence. Standard template. Financial Sources.