Veeva Systems Inc.

NYSE-VEEV

OverviewFinancialsInvestor RelationsResearchEstimatesNewsOwnershipIndustryDividendsModelingFilings

Operating Activities	LTM	Jan '25	Jan '24	Jan '23	Jan '22	Jan '21	Jan '20	Jan '19	Jan '18	Jan '17	Jan '16
Net Income	860.3	714.1	525.7	487.7	427.4	380	301.1	229.8	151.2	77.6	54.5
Net Income
Depreciation & Amortization	52.2	50.9	44.3	41.3	38.9	39.8	27.8	14.1	14.3	13.8	8.5
Depreciation and Amortization
Reduction of Lease Right-of-Use Assets
Share-Based Compensation Expense	469.6	437.4	393.7	351.9	234.6	185	115.9	76.4	54	40.8	24.3
Stock-Based Compensation
Other Adjustments	35.8	-120	-113.2	-107.8	42.9	22.4	10.7	7.9	19.3	15	-3.3
Amortization of Premiums on Short-Term Investments
Accretion of Discount on Short-Term Investments
Amortization of Deferred Costs
Deferred Income Taxes
Gain on Foreign Currency from Mark-to-Market Derivative
Bad Debt Expense
Other, Net
Changes in Trade Receivables	-71.6	-169	-104	-91.1	-83.1	-188.5	-70.1	-83.8	-52.1	-39.7	-46.7
Change in Accounts Receivable
Change in Unbilled Accounts Receivable
Changes in Accounts Payable	0.8	-2	-10.2	21.4	-3	0.8	2.8	1.8	1.4	1.1	-0.5
Change in Accounts Payable
Changes in Accrued Expenses	5.6	-1.4	-4.2	9.3	9.4	13.9	-15.2	1	7.1	0.3	5
Change in Accrued Expenses and Other Current Liabilities
Changes in Income Taxes Payable	-4.8	-2.8	6.9	-2.8	5.3	-3	1.1	0.6	-2.5	0.9	-3
Change in Income Tax Payable
Changes in Unearned Revenue	82.8	227.8	188.2	140.5	116.1	147.5	97.8	89.4	58.2	51.2	39.4
Change in Deferred Revenue
Changes in Other Operating Activities	-52.9	-45	-15.8	-69.9	-24.1	-46.3	-34.6	-26.4	-17.5	-17.2	2
Change in Deferred Costs
Change in Prepaid Expenses and Other Current and Long-Term Assets
Change in Lease Liabilities
Other Long-Term Liabilities
Cash from Operating Activities	1,377.9	1,090.1	911.3	780.5	764.5	551.2	437.4	310.8	233.4	144	80.2
Net Cash Provided by Operating Activities

Investing Activities	LTM	Jan '25	Jan '24	Jan '23	Jan '22	Jan '21	Jan '20	Jan '19	Jan '18	Jan '17	Jan '16
Capital Expenditure	—	—	—	—	—	—	—	—	-9.6	-6.9	-21.2
Purchases of Property and Equipment
Purchases of Intangible Assets	—	—	—	—	—	—	—	—	-1.7	-0.6	-1
Capitalized Internal-Use Software Development Costs
Purchases of Intangible Assets
Purchases of Investments	-2,761.6	-2,582	-2,698	-1,996.9	-1,117.1	-979.3	-752.5	-726.4	-437.9	-314.8	-313.4
Purchases of Short-Term Investments
Proceeds from Sale of Investments	1,836.2	1,902.3	1,647.8	1,002.7	792.9	654.3	688.1	632.3	294.7	225.6	365
Maturities and Sales of Short-Term Investments
Payments for Business Acquisitions	—	—	—	—	-7.8	—	-448.2	—	—	—	-126.2
Acquisitions, Net of Cash and Restricted Cash Acquired
Other Investing Activities	—	-20.5	-26.2	-13.5	-14.2	-8.7	-4.3	-9.8	—	—	0
Proceeds from Note Receivable-Related Party
Payments for Restricted Cash and Deposits
Changes in Restricted Cash and Deposits
Change in Long-Term Assets
Cash from Investing Activities	-952.3	-700.1	-1,076.4	-1,007.7	-346.2	-333.6	-516.9	-103.9	-154.5	-96.8	-96.7
Net Cash Provided by Investing Activities

Financing Activities	LTM	Jan '25	Jan '24	Jan '23	Jan '22	Jan '21	Jan '20	Jan '19	Jan '18	Jan '17	Jan '16
Issuance of Common Shares	280.4	105.5	62.7	43.7	51.5	34.9	11	25.9	20.8	12.4	5.9
Proceeds from Early Exercise of Common Stock Options
Proceeds from Exercise of Common Stock Options
Net Proceeds from Offerings
Proceeds from Employee Stock Purchase Plan
Repurchases of Common Shares	-90.9	-79.4	-78.9	-63	-55.3	—	—	—	—	-0	-0
Taxes Paid Related to Net Share Settlement of Equity Awards
Net Issuance / (Repurchases) of Common Shares	189.5	26.1	-16.2	-19.4	-3.8	34.9	11	25.9	20.8	12.3	5.9
Other Financing Activities	—	—	—	—	-0.4	-1	-1	—	—	25.6	13.5
Changes in Lease Liabilities - Finance Leases
Excess Tax Benefits from Employee Stock Plans
Cash from Financing Activities	189.5	26.1	-16.2	-19.4	-4.1	33.8	10	25.9	20.8	38	19.4
Net Cash Provided by Financing Activities

Free Cash Flow	LTM	Jan '25	Jan '24	Jan '23	Jan '22	Jan '21	Jan '20	Jan '19	Jan '18	Jan '17	Jan '16
Free Cash Flow	1,377.9	1,090.1	911.3	780.5	764.5	551.2	437.4	310.8	223.8	137.1	59
NOPAT	3,979.2	537.1	383.8	439.8	421.7	364.4	274.7	214.6	144	67.8	54.4
Levered Free Cash Flow	1,226	941.7	734.8	627.5	570	532.6	380.8	310.3	202.6	112.1	84.7
Unlevered Free Cash Flow	4,062.9	764.6	593	579.5	564.3	517	354.5	295.1	195.5	111.1	84.6
Net Change in Cash	615.1	416	-181.2	-246.6	414.2	251.4	-69.5	232.9	99.7	85.2	2.9