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|
Delaware
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86-1106510
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(State or other jurisdiction of
|
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(I.R.S. Employer
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incorporation or organization)
|
|
Identification No.)
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Large accelerated filer
x
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Accelerated filer
o
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|
|
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Non-accelerated filer
o
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Smaller reporting company
o
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(Do not check if a smaller reporting company)
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|
|
|
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Page
No.
|
|
|
|
|
|
|
|
||
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Condensed Consolidated Statements of Operations for the Three and Nine Months Ended October 31, 2014 and 2013
|
|
|
Condensed Consolidated Statements of Comprehensive Loss for the Three and Nine Months Ended October 31, 2014 and 2013
|
|
|
Condensed Consolidated Statements of Cash Flows for the Nine Months Ended October 31, 2014 and 2013
|
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||
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|
|
October 31, 2014
|
|
January 31, 2014
|
||||
ASSETS
|
|
|
|
|
|
|
||
Current assets
|
|
|
|
|
|
|
||
Cash and cash equivalents
|
|
$
|
329,553
|
|
|
$
|
897,453
|
|
Investments, current portion
|
|
466,835
|
|
|
—
|
|
||
Accounts receivable, net
|
|
82,550
|
|
|
83,348
|
|
||
Prepaid expenses and other current assets
|
|
13,495
|
|
|
12,019
|
|
||
Total current assets
|
|
892,433
|
|
|
992,820
|
|
||
Investments, non-current
|
|
160,923
|
|
|
—
|
|
||
Property and equipment, net
|
|
43,236
|
|
|
15,505
|
|
||
Intangible assets, net
|
|
11,546
|
|
|
12,294
|
|
||
Goodwill
|
|
19,070
|
|
|
19,070
|
|
||
Other assets
|
|
2,000
|
|
|
642
|
|
||
Total assets
|
|
$
|
1,129,208
|
|
|
$
|
1,040,331
|
|
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
|
|
|
|
|
|
||
Current liabilities
|
|
|
|
|
|
|
||
Accounts payable
|
|
$
|
2,830
|
|
|
$
|
2,079
|
|
Accrued payroll and compensation
|
|
48,481
|
|
|
43,876
|
|
||
Accrued expenses and other liabilities
|
|
23,461
|
|
|
12,743
|
|
||
Deferred revenue, current portion
|
|
180,131
|
|
|
149,156
|
|
||
Total current liabilities
|
|
254,903
|
|
|
207,854
|
|
||
Deferred revenue, non-current
|
|
49,146
|
|
|
43,165
|
|
||
Other liabilities, non-current
|
|
27,265
|
|
|
4,404
|
|
||
Total non-current liabilities
|
|
76,411
|
|
|
47,569
|
|
||
Total liabilities
|
|
331,314
|
|
|
255,423
|
|
||
Commitments and contingencies (Note 3)
|
|
|
|
|
|
|
||
Stockholders’ equity
|
|
|
|
|
|
|
||
Common stock: $0.001 par value; 1,000,000,000 shares authorized; 120,932,143 shares issued and outstanding at October 31, 2014, and 116,099,516 shares issued and outstanding at January 31, 2014
|
|
121
|
|
|
116
|
|
||
Accumulated other comprehensive income (loss)
|
|
(205
|
)
|
|
58
|
|
||
Additional paid-in capital
|
|
1,127,773
|
|
|
954,441
|
|
||
Accumulated deficit
|
|
(329,795
|
)
|
|
(169,707
|
)
|
||
Total stockholders’ equity
|
|
797,894
|
|
|
784,908
|
|
||
Total liabilities and stockholders’ equity
|
|
$
|
1,129,208
|
|
|
$
|
1,040,331
|
|
|
|
Three Months Ended October 31,
|
|
Nine Months Ended October 31,
|
||||||||||||
|
|
2014
|
|
2013
|
|
2014
|
|
2013
|
||||||||
Revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
License
|
|
$
|
71,754
|
|
|
$
|
50,873
|
|
|
$
|
185,109
|
|
|
$
|
130,230
|
|
Maintenance and services
|
|
44,275
|
|
|
27,760
|
|
|
118,374
|
|
|
72,483
|
|
||||
Total revenues
|
|
116,029
|
|
|
78,633
|
|
|
303,483
|
|
|
202,713
|
|
||||
Cost of revenues (1)
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
License
|
|
535
|
|
|
84
|
|
|
685
|
|
|
229
|
|
||||
Maintenance and services
|
|
17,045
|
|
|
10,441
|
|
|
46,153
|
|
|
24,398
|
|
||||
Total cost of revenues
|
|
17,580
|
|
|
10,525
|
|
|
46,838
|
|
|
24,627
|
|
||||
Gross profit
|
|
98,449
|
|
|
68,108
|
|
|
256,645
|
|
|
178,086
|
|
||||
Operating expenses (1)
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Research and development
|
|
39,534
|
|
|
18,961
|
|
|
103,455
|
|
|
49,635
|
|
||||
Sales and marketing
|
|
85,720
|
|
|
53,052
|
|
|
236,776
|
|
|
138,999
|
|
||||
General and administrative
|
|
21,446
|
|
|
12,917
|
|
|
75,125
|
|
|
35,275
|
|
||||
Total operating expenses
|
|
146,700
|
|
|
84,930
|
|
|
415,356
|
|
|
223,909
|
|
||||
Operating loss
|
|
(48,251
|
)
|
|
(16,822
|
)
|
|
(158,711
|
)
|
|
(45,823
|
)
|
||||
Interest and other income (expense), net
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Interest income, net
|
|
199
|
|
|
55
|
|
|
492
|
|
|
174
|
|
||||
Other income (expense), net
|
|
(52
|
)
|
|
(283
|
)
|
|
(326
|
)
|
|
(459
|
)
|
||||
Total interest and other income (expense), net
|
|
147
|
|
|
(228
|
)
|
|
166
|
|
|
(285
|
)
|
||||
Loss before income taxes
|
|
(48,104
|
)
|
|
(17,050
|
)
|
|
(158,545
|
)
|
|
(46,108
|
)
|
||||
Income tax provision (benefit)
|
|
447
|
|
|
(500
|
)
|
|
1,543
|
|
|
269
|
|
||||
Net loss
|
|
$
|
(48,551
|
)
|
|
$
|
(16,550
|
)
|
|
$
|
(160,088
|
)
|
|
$
|
(46,377
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic and diluted net loss per share
|
|
$
|
(0.40
|
)
|
|
$
|
(0.16
|
)
|
|
$
|
(1.35
|
)
|
|
$
|
(0.45
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Weighted-average shares used in computing basic and diluted net loss per share
|
|
120,331
|
|
|
106,008
|
|
|
118,895
|
|
|
104,063
|
|
Cost of revenues
|
|
$
|
4,039
|
|
|
$
|
1,165
|
|
|
$
|
11,653
|
|
|
$
|
2,735
|
|
Research and development
|
|
15,352
|
|
|
4,405
|
|
|
41,517
|
|
|
10,995
|
|
||||
Sales and marketing
|
|
21,075
|
|
|
5,947
|
|
|
61,458
|
|
|
15,425
|
|
||||
General and administrative
|
|
7,770
|
|
|
2,815
|
|
|
36,357
|
|
|
6,969
|
|
|
|
Three Months Ended October 31,
|
|
Nine Months Ended October 31,
|
||||||||||||
|
|
2014
|
|
2013
|
|
2014
|
|
2013
|
||||||||
Net loss
|
|
$
|
(48,551
|
)
|
|
$
|
(16,550
|
)
|
|
$
|
(160,088
|
)
|
|
$
|
(46,377
|
)
|
Other comprehensive income (loss)
|
|
|
|
|
|
|
|
|
|
|
||||||
Net unrealized loss on investments
|
|
(57
|
)
|
|
—
|
|
|
(61
|
)
|
|
—
|
|
||||
Foreign currency translation adjustments
|
|
(190
|
)
|
|
87
|
|
|
(202
|
)
|
|
(21
|
)
|
||||
Total other comprehensive income (loss)
|
|
(247
|
)
|
|
87
|
|
|
(263
|
)
|
|
(21
|
)
|
||||
Comprehensive loss
|
|
$
|
(48,798
|
)
|
|
$
|
(16,463
|
)
|
|
$
|
(160,351
|
)
|
|
$
|
(46,398
|
)
|
|
|
Nine Months Ended October 31,
|
||||||
|
|
2014
|
|
2013
|
||||
Cash flows from operating activities
|
|
|
|
|
|
|
||
Net loss
|
|
$
|
(160,088
|
)
|
|
$
|
(46,377
|
)
|
Adjustments to reconcile net loss to net cash provided by operating activities:
|
|
|
|
|
||||
Depreciation and amortization
|
|
8,968
|
|
|
4,500
|
|
||
Amortization of investment premiums
|
|
452
|
|
|
—
|
|
||
Stock-based compensation
|
|
150,985
|
|
|
36,124
|
|
||
Deferred income taxes
|
|
(793
|
)
|
|
(1,188
|
)
|
||
Excess tax benefits from employee stock plans
|
|
(1,108
|
)
|
|
(539
|
)
|
||
Impairment of long-lived asset
|
|
—
|
|
|
2,128
|
|
||
Changes in operating assets and liabilities
|
|
|
|
|
||||
Accounts receivable, net
|
|
798
|
|
|
9,953
|
|
||
Prepaid expenses, other current and non-current assets
|
|
(2,041
|
)
|
|
366
|
|
||
Accounts payable
|
|
1,045
|
|
|
267
|
|
||
Accrued payroll and compensation
|
|
4,605
|
|
|
2,532
|
|
||
Accrued expenses and other liabilities
|
|
12,673
|
|
|
5,220
|
|
||
Deferred revenue
|
|
36,956
|
|
|
26,433
|
|
||
Net cash provided by operating activities
|
|
52,452
|
|
|
39,419
|
|
||
Cash flows from investing activities
|
|
|
|
|
|
|||
Purchases of investments
|
|
(691,277
|
)
|
|
—
|
|
||
Maturities of investments
|
|
63,000
|
|
|
—
|
|
||
Acquisitions, net of cash acquired
|
|
(2,500
|
)
|
|
(8,958
|
)
|
||
Purchases of property and equipment
|
|
(11,200
|
)
|
|
(7,265
|
)
|
||
Net cash used in investing activities
|
|
(641,977
|
)
|
|
(16,223
|
)
|
||
Cash flows from financing activities
|
|
|
|
|
||||
Proceeds from the exercise of stock options
|
|
12,805
|
|
|
18,865
|
|
||
Excess tax benefits from employee stock plans
|
|
1,108
|
|
|
539
|
|
||
Proceeds from employee stock purchase plans
|
|
8,355
|
|
|
6,076
|
|
||
Taxes paid related to net share settlement of equity awards
|
|
—
|
|
|
(2,752
|
)
|
||
Payment related to build-to-suit lease obligation
|
|
(523
|
)
|
|
—
|
|
||
Net cash provided by financing activities
|
|
21,745
|
|
|
22,728
|
|
||
Effect of exchange rate changes on cash and cash equivalents
|
|
(120
|
)
|
|
32
|
|
||
Net increase (decrease) in cash and cash equivalents
|
|
(567,900
|
)
|
|
45,956
|
|
||
Cash and cash equivalents
|
|
|
|
|
|
|
||
Beginning of period
|
|
897,453
|
|
|
305,939
|
|
||
End of period
|
|
$
|
329,553
|
|
|
$
|
351,895
|
|
Supplemental disclosures
|
|
|
|
|
|
|
||
Cash paid for income taxes
|
|
$
|
877
|
|
|
$
|
297
|
|
Non-cash investing and financing activities
|
|
|
|
|
|
|
||
Accrued purchases of property and equipment
|
|
477
|
|
|
856
|
|
||
Vesting of early exercised options
|
|
84
|
|
|
83
|
|
||
Capitalized construction costs related to build-to-suit lease
|
|
23,085
|
|
|
—
|
|
|
|
October 31, 2014
|
|
January 31, 2014
|
||||||||||||||||||||||||||||
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
||||||||||||||||
Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Money market funds
|
|
$
|
317,713
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
317,713
|
|
|
$
|
864,012
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
864,012
|
|
U.S. treasury securities
|
|
$
|
—
|
|
|
$
|
627,758
|
|
|
$
|
—
|
|
|
$
|
627,758
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
Reported as:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Cash and cash equivalents
|
|
|
|
|
|
|
|
|
|
|
$
|
317,713
|
|
|
|
|
|
|
|
|
|
|
|
$
|
864,012
|
|
||||||
Investments, current portion
|
|
|
|
|
|
|
|
466,835
|
|
|
|
|
|
|
|
|
—
|
|
||||||||||||||
Investments, non-current
|
|
|
|
|
|
|
|
160,923
|
|
|
|
|
|
|
|
|
—
|
|
||||||||||||||
Total
|
|
|
|
|
|
|
|
|
|
|
$
|
945,471
|
|
|
|
|
|
|
|
|
|
|
|
$
|
864,012
|
|
|
|
October 31, 2014
|
||||||||||||||
|
|
Amortized Cost
|
|
Unrealized Gains
|
|
Unrealized Losses
|
|
Fair Value
|
||||||||
Cash and cash equivalents:
|
|
|
|
|
|
|
|
|
||||||||
U.S. treasury securities
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
Investments, current portion:
|
|
|
|
|
|
|
|
|
||||||||
U.S. treasury securities
|
|
466,899
|
|
|
62
|
|
|
(126
|
)
|
|
466,835
|
|
||||
Investments, non-current:
|
|
|
|
|
|
|
|
|
||||||||
U.S. treasury securities
|
|
160,916
|
|
|
121
|
|
|
(114
|
)
|
|
160,923
|
|
||||
Total available-for-sale investments
|
|
$
|
627,815
|
|
|
$
|
183
|
|
|
$
|
(240
|
)
|
|
$
|
627,758
|
|
|
|
October 31, 2014
|
||
Due within one year
|
|
$
|
466,835
|
|
Due within one to two years
|
|
160,923
|
|
|
Total
|
|
$
|
627,758
|
|
|
|
Payments Due by Period*
|
||||||||||||||||||
|
|
Total
|
|
Less Than 1
year |
|
1-3 years
|
|
3-5 years
|
|
More Than 5
years |
||||||||||
|
|
(in thousands)
|
||||||||||||||||||
Office lease obligations
|
|
$
|
148,884
|
|
|
$
|
9,582
|
|
|
$
|
37,200
|
|
|
$
|
41,804
|
|
|
$
|
60,298
|
|
|
|
As of
|
||||||
|
|
October 31, 2014
|
|
January 31, 2014
|
||||
Computer equipment and software
|
|
$
|
26,478
|
|
|
$
|
20,451
|
|
Furniture and fixtures
|
|
7,156
|
|
|
5,364
|
|
||
Leasehold improvements
|
|
9,660
|
|
|
7,128
|
|
||
Construction in progress (1)
|
|
23,085
|
|
|
—
|
|
||
|
|
66,379
|
|
|
32,943
|
|
||
Less: accumulated depreciation and amortization
|
|
(23,143
|
)
|
|
(17,438
|
)
|
||
Property and equipment, net
|
|
$
|
43,236
|
|
|
$
|
15,505
|
|
|
|
Fair value
|
|
Useful Life (months)
|
||
Developed technology
|
|
$
|
2,940
|
|
|
36
|
Customer relationships
|
|
1,460
|
|
|
36
|
|
Other acquired intangible assets
|
|
330
|
|
|
24
|
|
Total intangible assets subject to amortization
|
|
$
|
4,730
|
|
|
|
|
|
Fair value
|
|
Useful Life (months)
|
||
Developed technology
|
|
$
|
7,330
|
|
|
48
|
In-process research and development
|
|
500
|
|
|
Indefinite
|
|
Customer relationships
|
|
160
|
|
|
36
|
|
Other acquired intangible assets
|
|
480
|
|
|
24-36
|
|
Total intangible assets subject to amortization
|
|
$
|
8,470
|
|
|
|
|
|
Gross Fair Value
|
|
Accumulated Amortization
|
|
Net Book Value
|
|
Weighted Average Remaining Useful Life
(months)
|
||||||
Developed technology
|
|
$
|
12,770
|
|
|
$
|
(2,742
|
)
|
|
$
|
10,028
|
|
|
34
|
Customer relationships
|
|
1,620
|
|
|
(576
|
)
|
|
1,044
|
|
|
23
|
|||
Other acquired intangible assets
|
|
810
|
|
|
(336
|
)
|
|
474
|
|
|
20
|
|||
Total intangible assets subject to amortization
|
|
$
|
15,200
|
|
|
$
|
(3,654
|
)
|
|
$
|
11,546
|
|
|
|
Fiscal Period:
|
|
|
||
Remaining three months of fiscal 2015
|
|
$
|
1,130
|
|
Fiscal 2016
|
|
4,462
|
|
|
Fiscal 2017
|
|
3,802
|
|
|
Fiscal 2018
|
|
2,152
|
|
|
Total amortization expense
|
|
$
|
11,546
|
|
|
|
|
|
Options Outstanding
|
|
RSUs
Outstanding
|
|||||||||||||
|
|
Shares Available
for Grant
|
|
Shares
|
|
Weighted-
Average
Exercise
Price
Per Share
|
|
Weighted-
Average
Remaining
Contractual
Term
|
|
Aggregate
Intrinsic
Value (1)
|
|
Shares
|
|||||||
|
|
|
|
|
|
|
|
|
|
(in thousands)
|
|
|
|||||||
Balances as of January 31, 2014
|
|
5,918,773
|
|
|
11,094,438
|
|
|
$
|
4.84
|
|
|
6.42
|
|
$
|
800,933
|
|
|
9,993,688
|
|
Additional Shares Authorized
|
|
5,804,975
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
Options granted
|
|
(40,000
|
)
|
|
40,000
|
|
|
88.64
|
|
|
|
|
|
|
|
||||
Options exercised
|
|
—
|
|
|
(3,348,239
|
)
|
|
3.82
|
|
|
|
|
|
|
|
|
|
||
Options forfeited and expired
|
|
284,912
|
|
|
(284,912
|
)
|
|
6.64
|
|
|
|
|
|
|
|
|
|
||
RSUs granted
|
|
(2,829,729
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
2,829,729
|
|
||
RSUs vested
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1,268,114)
|
|
||
RSUs forfeited
|
|
864,807
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(864,807
|
)
|
||
Balances as of October 31, 2014
|
|
10,003,738
|
|
|
7,501,287
|
|
|
$
|
5.67
|
|
|
5.93
|
|
$
|
454,089
|
|
|
10,690,496
|
|
Vested and expected to vest
|
|
|
|
7,493,476
|
|
|
$
|
5.65
|
|
|
5.93
|
|
$
|
453,748
|
|
|
10,288,688
|
|
|
Exercisable as of October 31, 2014
|
|
|
|
4,845,252
|
|
|
$
|
3.37
|
|
|
5.23
|
|
$
|
303,867
|
|
|
|
|
|
Three Months Ended October 31,
|
|
Nine Months Ended October 31,
|
||||||||||||
|
|
2014
|
|
2013
|
|
2014
|
|
2013
|
||||||||
United States
|
|
$
|
91,190
|
|
|
$
|
61,844
|
|
|
$
|
231,895
|
|
|
$
|
159,599
|
|
International
|
|
24,839
|
|
|
16,789
|
|
|
71,588
|
|
|
43,114
|
|
||||
Total revenues
|
|
$
|
116,029
|
|
|
$
|
78,633
|
|
|
$
|
303,483
|
|
|
$
|
202,713
|
|
|
|
As of
|
||||||
|
|
October 31, 2014
|
|
January 31, 2014
|
||||
United States
|
|
$
|
39,789
|
|
|
$
|
14,005
|
|
International
|
|
3,447
|
|
|
1,500
|
|
||
Total property and equipment, net
|
|
$
|
43,236
|
|
|
$
|
15,505
|
|
|
|
Three Months Ended October 31,
|
|
Nine Months Ended October 31,
|
||||||||||||
|
|
2014
|
|
2013
|
|
2014
|
|
2013
|
||||||||
Numerator:
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Net loss
|
|
$
|
(48,551
|
)
|
|
$
|
(16,550
|
)
|
|
$
|
(160,088
|
)
|
|
$
|
(46,377
|
)
|
Denominator:
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Weighted-average common shares outstanding
|
|
120,365
|
|
|
106,079
|
|
|
118,938
|
|
|
104,144
|
|
||||
Less: Weighted-average unvested common shares subject to repurchase or forfeiture
|
|
(34
|
)
|
|
(71
|
)
|
|
(43
|
)
|
|
(81
|
)
|
||||
Weighted-average shares used to compute net loss per share, basic and diluted
|
|
120,331
|
|
|
106,008
|
|
|
118,895
|
|
|
104,063
|
|
||||
Net loss per share, basic and diluted
|
|
$
|
(0.40
|
)
|
|
$
|
(0.16
|
)
|
|
$
|
(1.35
|
)
|
|
$
|
(0.45
|
)
|
|
|
As of October 31,
|
||||
|
|
2014
|
|
2013
|
||
Shares subject to outstanding common stock options
|
|
7,501
|
|
|
13,191
|
|
Shares subject to outstanding RSUs
|
|
10,690
|
|
|
4,316
|
|
Employee stock purchase plan
|
|
368
|
|
|
296
|
|
Total
|
|
18,559
|
|
|
17,803
|
|
•
|
Extend our technological capabilities.
|
•
|
Continue to expand our direct and indirect sales organization, including our channel relationships, to acquire new customers.
|
•
|
Further penetrate our existing customer base and drive enterprise-wide adoption.
|
•
|
Build premium apps on our core platforms that enable organizations to realize additional value from our software and to use our products in different ways.
|
•
|
Grow our user communities and partner ecosystem to increase awareness of our brand, target new use cases, drive operational leverage and deliver more targeted, higher value solutions.
|
•
|
Continue to deliver a rich developer environment to enable rapid development of enterprise applications that leverage machine data and the Splunk platform.
|
|
|
Three Months
Ended October 31, |
|
Nine Months
Ended October 31, |
||||||||||||
|
|
2014
|
|
2013
|
|
2014
|
|
2013
|
||||||||
Net cash provided by operating activities
|
|
$
|
24,205
|
|
|
$
|
13,317
|
|
|
$
|
52,452
|
|
|
$
|
39,419
|
|
Less purchases of property and equipment
|
|
(4,054
|
)
|
|
(4,035
|
)
|
|
(11,200
|
)
|
|
(7,265
|
)
|
||||
Free cash flow (Non-GAAP)
|
|
$
|
20,151
|
|
|
$
|
9,282
|
|
|
$
|
41,252
|
|
|
$
|
32,154
|
|
Net cash used in investing activities
|
|
$
|
(343,378
|
)
|
|
$
|
(12,993
|
)
|
|
$
|
(641,977
|
)
|
|
$
|
(16,223
|
)
|
Net cash provided by financing activities
|
|
$
|
3,627
|
|
|
$
|
4,374
|
|
|
$
|
21,745
|
|
|
$
|
22,728
|
|
|
|
Three Months
Ended October 31, |
|
Nine Months
Ended October 31, |
||||||||
|
|
2014
|
|
2013
|
|
2014
|
|
2013
|
||||
GAAP gross margin
|
|
84.8
|
%
|
|
86.6
|
%
|
|
84.6
|
%
|
|
87.9
|
%
|
Stock-based compensation expense
|
|
3.5
|
|
|
1.5
|
|
|
3.8
|
|
|
1.3
|
|
Employer payroll tax on employee stock plans
|
|
0.1
|
|
|
0.1
|
|
|
0.1
|
|
|
—
|
|
Amortization of acquired intangible assets
|
|
0.6
|
|
|
0.1
|
|
|
0.7
|
|
|
—
|
|
Impairment of long-lived asset
|
|
—
|
|
|
2.7
|
|
|
—
|
|
|
1.0
|
|
Non-GAAP gross margin
|
|
89.0
|
%
|
|
91.0
|
%
|
|
89.2
|
%
|
|
90.2
|
%
|
|
|
Three Months
Ended October 31, |
|
Nine Months
Ended October 31, |
||||||||||||
|
|
2014
|
|
2013
|
|
2014
|
|
2013
|
||||||||
GAAP operating loss
|
|
$
|
(48,251
|
)
|
|
$
|
(16,822
|
)
|
|
$
|
(158,711
|
)
|
|
$
|
(45,823
|
)
|
Stock-based compensation expense
|
|
48,236
|
|
|
14,332
|
|
|
150,985
|
|
|
36,124
|
|
||||
Employer payroll tax on employee stock plans
|
|
1,092
|
|
|
691
|
|
|
4,821
|
|
|
1,857
|
|
||||
Amortization of acquired intangible assets
|
|
1,422
|
|
|
136
|
|
|
3,247
|
|
|
136
|
|
||||
Impairment of long-lived asset
|
|
—
|
|
|
2,128
|
|
|
—
|
|
|
2,128
|
|
||||
Acquisition-related costs
|
|
—
|
|
|
408
|
|
|
—
|
|
|
408
|
|
||||
Ground lease expense related to build-to-suit lease obligation
|
|
222
|
|
|
—
|
|
|
444
|
|
|
—
|
|
||||
Non-GAAP operating income (loss)
|
|
$
|
2,721
|
|
|
$
|
873
|
|
|
$
|
786
|
|
|
$
|
(5,170
|
)
|
|
|
Three Months
Ended October 31, |
|
Nine Months
Ended October 31, |
||||||||
|
|
2014
|
|
2013
|
|
2014
|
|
2013
|
||||
GAAP operating margin
|
|
(41.6
|
)%
|
|
(21.4
|
)%
|
|
(52.3
|
)%
|
|
(22.6
|
)%
|
Stock-based compensation expense
|
|
41.6
|
|
|
18.2
|
|
|
49.8
|
|
|
17.8
|
|
Employer payroll tax on employee stock plans
|
|
0.9
|
|
|
0.9
|
|
|
1.6
|
|
|
0.9
|
|
Amortization of acquired intangible assets
|
|
1.2
|
|
|
0.2
|
|
|
1.1
|
|
|
0.1
|
|
Impairment of long-lived asset
|
|
—
|
|
|
2.7
|
|
|
—
|
|
|
1.0
|
|
Acquisition-related costs
|
|
—
|
|
|
0.5
|
|
|
—
|
|
|
0.2
|
|
Ground lease expense related to build-to-suit lease obligation
|
|
0.2
|
|
|
—
|
|
|
0.1
|
|
|
—
|
|
Non-GAAP operating margin
|
|
2.3
|
%
|
|
1.1
|
%
|
|
0.3
|
%
|
|
(2.6
|
)%
|
|
|
Three Months
Ended October 31, |
|
Nine Months
Ended October 31, |
||||||||||||
|
|
2014
|
|
2013
|
|
2014
|
|
2013
|
||||||||
GAAP net loss
|
|
$
|
(48,551
|
)
|
|
$
|
(16,550
|
)
|
|
$
|
(160,088
|
)
|
|
$
|
(46,377
|
)
|
Stock-based compensation expense
|
|
48,236
|
|
|
14,332
|
|
|
150,985
|
|
|
36,124
|
|
||||
Employer payroll tax on employee stock plans
|
|
1,092
|
|
|
691
|
|
|
4,821
|
|
|
1,857
|
|
||||
Amortization of acquired intangible assets
|
|
1,422
|
|
|
136
|
|
|
3,247
|
|
|
136
|
|
||||
Impairment of long-lived asset
|
|
—
|
|
|
2,128
|
|
|
—
|
|
|
2,128
|
|
||||
Acquisition-related costs
|
|
—
|
|
|
408
|
|
|
—
|
|
|
408
|
|
||||
Ground lease expense related to build-to-suit lease obligation
|
|
222
|
|
|
—
|
|
|
444
|
|
|
—
|
|
||||
Partial release of the valuation allowance due to acquisition
|
|
—
|
|
|
(747
|
)
|
|
—
|
|
|
(747
|
)
|
||||
Non-GAAP net income (loss)
|
|
$
|
2,421
|
|
|
$
|
398
|
|
|
$
|
(591
|
)
|
|
$
|
(6,471
|
)
|
|
|
Three Months
Ended October 31, |
|
Nine Months
Ended October 31, |
||||||||||||
|
|
2014
|
|
2013
|
|
2014
|
|
2013
|
||||||||
Weighted-average shares used in computing GAAP basic net loss per share
|
|
120,331
|
|
|
106,008
|
|
|
118,895
|
|
|
104,063
|
|
||||
Effect of dilutive securities: Employee stock awards
|
|
6,541
|
|
|
12,117
|
|
|
—
|
|
|
—
|
|
||||
Weighted-average shares used in computing Non-GAAP basic and diluted net income (loss) per share
|
|
126,872
|
|
|
118,125
|
|
|
118,895
|
|
|
104,063
|
|
||||
|
|
|
|
|
|
|
|
|
||||||||
GAAP basic and diluted net loss per share
|
|
$
|
(0.40
|
)
|
|
$
|
(0.16
|
)
|
|
$
|
(1.35
|
)
|
|
$
|
(0.45
|
)
|
Non-GAAP basic and diluted net income (loss) per share
|
|
$
|
0.02
|
|
|
$
|
0.00
|
|
|
$
|
(0.00
|
)
|
|
$
|
(0.06
|
)
|
|
|
Three Months
Ended October 31, |
|
Nine Months
Ended October 31, |
||||||||||||
|
|
2014
|
|
2013
|
|
2014
|
|
2013
|
||||||||
|
|
(in thousands)
|
||||||||||||||
Condensed Consolidated Statement of Operations Data:
|
|
|
|
|
|
|
|
|
|
|||||||
Revenues
|
|
|
|
|
|
|
|
|
||||||||
License
|
|
$
|
71,754
|
|
|
$
|
50,873
|
|
|
$
|
185,109
|
|
|
$
|
130,230
|
|
Maintenance and services
|
|
44,275
|
|
|
27,760
|
|
|
118,374
|
|
|
72,483
|
|
||||
Total revenues
|
|
116,029
|
|
|
78,633
|
|
|
303,483
|
|
|
202,713
|
|
||||
Cost of revenues
|
|
|
|
|
|
|
|
|
|
|
||||||
License
|
|
535
|
|
|
84
|
|
|
685
|
|
|
229
|
|
||||
Maintenance and services
|
|
17,045
|
|
|
10,441
|
|
|
46,153
|
|
|
24,398
|
|
||||
Total cost of revenues
|
|
17,580
|
|
|
10,525
|
|
|
46,838
|
|
|
24,627
|
|
||||
Gross profit
|
|
98,449
|
|
|
68,108
|
|
|
256,645
|
|
|
178,086
|
|
||||
Operating expenses
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Research and development
|
|
39,534
|
|
|
18,961
|
|
|
103,455
|
|
|
49,635
|
|
||||
Sales and marketing
|
|
85,720
|
|
|
53,052
|
|
|
236,776
|
|
|
138,999
|
|
||||
General and administrative
|
|
21,446
|
|
|
12,917
|
|
|
75,125
|
|
|
35,275
|
|
||||
Total operating expenses
|
|
146,700
|
|
|
84,930
|
|
|
415,356
|
|
|
223,909
|
|
||||
Operating loss
|
|
(48,251
|
)
|
|
(16,822
|
)
|
|
(158,711
|
)
|
|
(45,823
|
)
|
||||
Interest and other income (expense), net
|
|
|
|
|
|
|
|
|
||||||||
Interest income
|
|
199
|
|
|
55
|
|
|
492
|
|
|
174
|
|
||||
Other income (expense), net
|
|
(52
|
)
|
|
(283
|
)
|
|
(326
|
)
|
|
(459
|
)
|
||||
Total interest and other income (expense), net
|
|
147
|
|
|
(228
|
)
|
|
166
|
|
|
(285
|
)
|
||||
Loss before income taxes
|
|
(48,104
|
)
|
|
(17,050
|
)
|
|
(158,545
|
)
|
|
(46,108
|
)
|
||||
Income tax provision (benefit)
|
|
447
|
|
|
(500
|
)
|
|
1,543
|
|
|
269
|
|
||||
Net loss
|
|
$
|
(48,551
|
)
|
|
$
|
(16,550
|
)
|
|
$
|
(160,088
|
)
|
|
$
|
(46,377
|
)
|
|
|
Three Months
Ended October 31,
|
|
Nine Months
Ended October 31,
|
||||||||
|
|
2014
|
|
2013
|
|
2014
|
|
2013
|
||||
|
|
(as % of revenues)
|
||||||||||
Condensed Consolidated Statement of Operations Data:
|
|
|
|
|
|
|
|
|
|
|
||
Revenues
|
|
|
|
|
|
|
|
|
||||
License
|
|
61.8
|
%
|
|
64.7
|
%
|
|
61.0
|
%
|
|
64.2
|
%
|
Maintenance and services
|
|
38.2
|
|
|
35.3
|
|
|
39.0
|
|
|
35.8
|
|
Total revenues
|
|
100.0
|
|
|
100.0
|
|
|
100.0
|
|
|
100.0
|
|
Cost of revenues
|
|
|
|
|
|
|
|
|
||||
License (1)
|
|
0.7
|
|
|
0.2
|
|
|
0.4
|
|
|
0.2
|
|
Maintenance and services (1)
|
|
38.5
|
|
|
37.6
|
|
|
39.0
|
|
|
33.7
|
|
Total cost of revenues
|
|
15.2
|
|
|
13.4
|
|
|
15.4
|
|
|
12.1
|
|
Gross profit
|
|
84.8
|
|
|
86.6
|
|
|
84.6
|
|
|
87.9
|
|
Operating expenses
|
|
|
|
|
|
|
|
|
||||
Research and development
|
|
34.1
|
|
|
24.1
|
|
|
34.1
|
|
|
24.5
|
|
Sales and marketing
|
|
73.8
|
|
|
67.5
|
|
|
78.0
|
|
|
68.6
|
|
General and administrative
|
|
18.5
|
|
|
16.4
|
|
|
24.8
|
|
|
17.4
|
|
Total operating expenses
|
|
126.4
|
|
|
108.0
|
|
|
136.9
|
|
|
110.5
|
|
Operating loss
|
|
(41.6
|
)
|
|
(21.4
|
)
|
|
(52.3
|
)
|
|
(22.6
|
)
|
Interest and other income (expense), net
|
|
|
|
|
|
|
|
|
||||
Interest income (expense), net
|
|
0.2
|
|
|
0.1
|
|
|
0.2
|
|
|
0.1
|
|
Other income (expense), net
|
|
—
|
|
|
(0.4
|
)
|
|
(0.1
|
)
|
|
(0.2
|
)
|
Total interest and other income (expense), net
|
|
0.2
|
|
|
(0.3
|
)
|
|
0.1
|
|
|
(0.1
|
)
|
Loss before income taxes
|
|
(41.4
|
)
|
|
(21.7
|
)
|
|
(52.2
|
)
|
|
(22.7
|
)
|
Income tax provision (benefit)
|
|
0.4
|
|
|
(0.6
|
)
|
|
0.5
|
|
|
0.1
|
|
Net loss
|
|
(41.8
|
)%
|
|
(21.1
|
)%
|
|
(52.7
|
)%
|
|
(22.8
|
)%
|
|
|
Three Months
Ended October 31,
|
|
|
|||||||
|
|
2014
|
|
2013
|
|
% Change
|
|||||
|
|
($ amounts in thousands)
|
|
|
|||||||
Revenues
|
|
|
|
|
|
|
|
|
|||
License
|
|
$
|
71,754
|
|
|
$
|
50,873
|
|
|
41.0
|
%
|
Maintenance and services
|
|
44,275
|
|
|
27,760
|
|
|
59.5
|
%
|
||
Total revenues
|
|
$
|
116,029
|
|
|
$
|
78,633
|
|
|
47.6
|
%
|
Percentage of revenues
|
|
|
|
|
|
|
|
|
|
||
License
|
|
61.8
|
%
|
|
64.7
|
%
|
|
|
|||
Maintenance and services
|
|
38.2
|
|
|
35.3
|
|
|
|
|||
Total
|
|
100.0
|
%
|
|
100.0
|
%
|
|
|
|
|
Three Months
Ended October 31, |
|
|
|||||||
|
|
2014
|
|
2013
|
|
% Change
|
|||||
|
|
($ amounts in thousands)
|
|
|
|||||||
Cost of revenues
|
|
|
|
|
|
|
|
|
|
||
License
|
|
$
|
535
|
|
|
$
|
84
|
|
|
536.9
|
%
|
Maintenance and services
|
|
17,045
|
|
|
10,441
|
|
|
63.3
|
%
|
||
Total cost of revenues
|
|
$
|
17,580
|
|
|
$
|
10,525
|
|
|
67.0
|
%
|
Gross margin
|
|
|
|
|
|
|
|||||
License
|
|
99.3
|
%
|
|
99.8
|
%
|
|
|
|
||
Maintenance and services
|
|
61.5
|
%
|
|
62.4
|
%
|
|
|
|
||
Total gross margin
|
|
84.8
|
%
|
|
86.6
|
%
|
|
|
|
|
|
Three Months
Ended October 31, |
|
|
|||||||
|
|
2014
|
|
2013
|
|
% Change
|
|||||
|
|
($ amounts in thousands)
|
|
|
|||||||
Operating expenses (1)
|
|
|
|
|
|
|
|
|
|
||
Research and development
|
|
$
|
39,534
|
|
|
$
|
18,961
|
|
|
108.5
|
%
|
Sales and marketing
|
|
85,720
|
|
|
53,052
|
|
|
61.6
|
%
|
||
General and administrative
|
|
21,446
|
|
|
12,917
|
|
|
66.0
|
%
|
||
Total operating expenses
|
|
$
|
146,700
|
|
|
$
|
84,930
|
|
|
72.7
|
%
|
Percentage of revenues
|
|
|
|
|
|
|
|
||||
Research and development
|
|
34.1
|
%
|
|
24.1
|
%
|
|
|
|||
Sales and marketing
|
|
73.8
|
|
|
67.5
|
|
|
|
|||
General and administrative
|
|
18.5
|
|
|
16.4
|
|
|
|
|||
Total
|
|
126.4
|
%
|
|
108.0
|
%
|
|
|
|||
|
|
|
|
|
|
|
|||||
(1) Includes stock-based compensation expense:
|
|
|
|
||||||||
Research and development
|
|
$
|
15,352
|
|
|
$
|
4,405
|
|
|
|
|
Sales and marketing
|
|
21,075
|
|
|
5,947
|
|
|
|
|
||
General and administrative
|
|
7,770
|
|
|
2,815
|
|
|
|
|
||
Total stock-based compensation expense
|
|
$
|
44,197
|
|
|
$
|
13,167
|
|
|
|
|
|
|
Three Months
Ended October 31, |
||||||
|
|
2014
|
|
2013
|
||||
|
|
(in thousands)
|
||||||
Interest and other income (expense), net:
|
|
|
|
|
||||
Interest income
|
|
$
|
199
|
|
|
$
|
55
|
|
Other income (expense), net
|
|
(52
|
)
|
|
(283
|
)
|
||
Total interest and other income (expense), net
|
|
$
|
147
|
|
|
$
|
(228
|
)
|
|
|
Three Months
Ended October 31, |
||||||
|
|
2014
|
|
2013
|
||||
|
|
(in thousands)
|
||||||
Income tax provision (benefit)
|
|
$
|
447
|
|
|
$
|
(500
|
)
|
|
|
Nine Months
Ended October 31,
|
|
|
|||||||
|
|
2014
|
|
2013
|
|
% Change
|
|||||
|
|
($ amounts in thousands)
|
|
|
|||||||
Revenues
|
|
|
|
|
|
|
|
|
|
||
License
|
|
$
|
185,109
|
|
|
$
|
130,230
|
|
|
42.1
|
%
|
Maintenance and services
|
|
118,374
|
|
|
72,483
|
|
|
63.3
|
%
|
||
Total revenues
|
|
$
|
303,483
|
|
|
$
|
202,713
|
|
|
49.7
|
%
|
Percentage of revenues
|
|
|
|
|
|
|
|
||||
License
|
|
61.0
|
%
|
|
64.2
|
%
|
|
|
|||
Maintenance and services
|
|
39.0
|
|
|
35.8
|
|
|
|
|||
Total
|
|
100.0
|
%
|
|
100.0
|
%
|
|
|
|
|
Nine Months
Ended October 31, |
|
|
|||||||
|
|
2014
|
|
2013
|
|
% Change
|
|||||
|
|
($ amounts in thousands)
|
|
|
|||||||
Cost of revenues
|
|
|
|
|
|
|
|
|
|
||
License
|
|
$
|
685
|
|
|
$
|
229
|
|
|
199.1
|
%
|
Maintenance and services
|
|
46,153
|
|
|
24,398
|
|
|
89.2
|
%
|
||
Total cost of revenues
|
|
$
|
46,838
|
|
|
$
|
24,627
|
|
|
90.2
|
%
|
Gross margin
|
|
|
|
|
|
|
|||||
License
|
|
99.6
|
%
|
|
99.8
|
%
|
|
|
|
||
Maintenance and services
|
|
61.0
|
%
|
|
66.3
|
%
|
|
|
|
||
Total gross margin
|
|
84.6
|
%
|
|
87.9
|
%
|
|
|
|
|
|
Nine Months
Ended October 31, |
|
|
|||||||
|
|
2014
|
|
2013
|
|
% Change
|
|||||
|
|
($ amounts in thousands)
|
|
|
|||||||
Operating expenses (1)
|
|
|
|
|
|
|
|
|
|
||
Research and development
|
|
$
|
103,455
|
|
|
$
|
49,635
|
|
|
108.4
|
%
|
Sales and marketing
|
|
236,776
|
|
|
138,999
|
|
|
70.3
|
%
|
||
General and administrative
|
|
75,125
|
|
|
35,275
|
|
|
113.0
|
%
|
||
Total operating expenses
|
|
$
|
415,356
|
|
|
$
|
223,909
|
|
|
85.5
|
%
|
Percentage of revenues
|
|
|
|
|
|
|
|
||||
Research and development
|
|
34.1
|
%
|
|
24.5
|
%
|
|
|
|||
Sales and marketing
|
|
78.0
|
|
|
68.6
|
|
|
|
|||
General and administrative
|
|
24.8
|
|
|
17.4
|
|
|
|
|||
Total
|
|
136.9
|
%
|
|
110.5
|
%
|
|
|
|||
|
|
|
|
|
|
|
|||||
(1) Includes stock-based compensation expense:
|
|
|
|
||||||||
Research and development
|
|
$
|
41,517
|
|
|
$
|
10,995
|
|
|
|
|
Sales and marketing
|
|
61,458
|
|
|
15,425
|
|
|
|
|
||
General and administrative
|
|
36,357
|
|
|
6,969
|
|
|
|
|
||
Total stock-based compensation expense
|
|
$
|
139,332
|
|
|
$
|
33,389
|
|
|
|
|
|
|
Nine Months
Ended October 31, |
||||||
|
|
2014
|
|
2013
|
||||
|
|
(in thousands)
|
||||||
Interest and other income (expense), net:
|
|
|
|
|
||||
Interest income
|
|
$
|
492
|
|
|
$
|
174
|
|
Other income (expense), net
|
|
(326
|
)
|
|
(459
|
)
|
||
Total interest and other income (expense), net
|
|
$
|
166
|
|
|
$
|
(285
|
)
|
|
|
Nine Months
Ended October 31, |
||||||
|
|
2014
|
|
2013
|
||||
|
|
(in thousands)
|
||||||
Income tax provision
|
|
$
|
1,543
|
|
|
$
|
269
|
|
|
|
October 31, 2014
|
|
January 31, 2014
|
||||
|
|
(in thousands)
|
||||||
Cash and cash equivalents
|
|
$
|
329,553
|
|
|
$
|
897,453
|
|
|
|
|
|
|
||||
|
|
Nine Months
Ended October 31, |
||||||
|
|
2014
|
|
2013
|
||||
|
|
(in thousands)
|
||||||
Cash provided by operating activities
|
|
$
|
52,452
|
|
|
$
|
39,419
|
|
Cash used in investing activities
|
|
(641,977
|
)
|
|
(16,223
|
)
|
||
Cash provided by financing activities
|
|
21,745
|
|
|
22,728
|
|
|
|
Payments Due by Period*
|
||||||||||||||||||
|
|
Total
|
|
Less Than 1
year |
|
1-3 years
|
|
3-5 years
|
|
More Than 5
years |
||||||||||
|
|
(in thousands)
|
||||||||||||||||||
Office lease obligations
|
|
$
|
148,884
|
|
|
$
|
9,582
|
|
|
$
|
37,200
|
|
|
$
|
41,804
|
|
|
$
|
60,298
|
|
•
|
the timing of our sales during the quarter, particularly because a large portion of our sales occur toward the end of the quarter, or the loss or delay of a few large contracts;
|
•
|
the mix of revenues attributable to larger transactions as opposed to smaller transactions and the impact that a change in mix may have on the overall average selling price of our products;
|
•
|
the mix of revenues attributable to perpetual and term licenses, subscriptions, maintenance and professional services and training, which may impact our gross margins and operating income;
|
•
|
the renewal and usage rates of our customers;
|
•
|
changes in the competitive dynamics of our market;
|
•
|
changes in customers’ budgets and in the timing of their purchasing decisions;
|
•
|
customers delaying purchasing decisions in anticipation of new products or software enhancements by us or our competitors;
|
•
|
customer acceptance of and willingness to pay for new versions of our products or new solutions for specific product and end markets;
|
•
|
our ability to successfully introduce and monetize new products and licensing and service models for our new products, such as Hunk: Splunk Analytics for Hadoop and NoSQL Data Stores (“Hunk”), Splunk Cloud and Splunk MINT Express;
|
•
|
our ability to control costs, including our operating expenses;
|
•
|
the timing of satisfying revenue recognition criteria;
|
•
|
our ability to qualify and compete for government contracts;
|
•
|
the collectability of receivables from customers and resellers, which may be hindered or delayed; and
|
•
|
general economic conditions, both domestically and internationally, as well as economic conditions specifically affecting industries in which our customers participate.
|
•
|
improve the performance and capabilities of our products and technology through research and development;
|
•
|
continue to develop and expand adoption of our cloud-based services, including Splunk Cloud;
|
•
|
successfully develop, introduce and expand adoption of new products, such as Hunk;
|
•
|
increase revenues from existing customers through increased or broader use of our products within their organizations;
|
•
|
successfully expand our business domestically and internationally;
|
•
|
maintain and expand our customer base and the ways in which our customers use our products;
|
•
|
successfully compete with other companies, open source projects and custom development efforts that are currently in, or may in the future enter, the markets for our products;
|
•
|
successfully provide our customers a compelling business case to purchase our products in a time frame that matches our and our customers’ sales and purchase cycles and at a compelling price point;
|
•
|
generate leads and convert users of the trial versions of our products to paying customers;
|
•
|
prevent users from circumventing the terms of their licenses and subscriptions;
|
•
|
continue to invest in our application development platform to deliver additional content for our platform products and to foster an ecosystem of developers and users to expand the use cases of our products;
|
•
|
maintain and enhance our website and cloud services infrastructure to minimize interruptions when accessing our software or cloud services;
|
•
|
process, store and use our customers’ data in compliance with applicable governmental regulations and other legal obligations related to data privacy and security; and
|
•
|
hire, integrate and retain world-class professional and technical talent.
|
•
|
improving our key business applications, processes and IT infrastructure to support our business needs;
|
•
|
enhancing information and communication systems to ensure that our employees and offices around the world are well-coordinated and can effectively communicate with each other and our growing base of customers and channel partners;
|
•
|
enhancing our internal controls to ensure timely and accurate reporting of all of our operations and financial results; and
|
•
|
appropriately documenting our IT systems and our business processes.
|
•
|
IT departments of potential customers which have undertaken custom software development efforts to analyze and manage their machine data;
|
•
|
security, systems management and other IT vendors, including BMC Software, CA Technologies, Compuware, HP, IBM, Intel, Microsoft, TIBCO and VMware;
|
•
|
web analytics vendors, including Adobe Systems, Google, IBM and Webtrends;
|
•
|
business intelligence vendors, including IBM, Oracle and SAP;
|
•
|
companies targeting the big data market by commercializing open source software, such as the various Hadoop distributions and NoSQL data stores; and
|
•
|
small-specialized vendors, which provide complementary and competitive solutions in enterprise data analytics, data warehousing and big data technologies that may compete with our products.
|
•
|
increased management, travel, infrastructure and legal compliance costs associated with having multiple international operations;
|
•
|
reliance on channel partners;
|
•
|
longer payment cycles and difficulties in collecting accounts receivable or satisfying revenue recognition criteria, especially in emerging markets;
|
•
|
increased financial accounting and reporting burdens and complexities;
|
•
|
general economic conditions in each country or region;
|
•
|
economic and political uncertainty around the world;
|
•
|
compliance with multiple and changing foreign laws and regulations, including those governing employment, tax, privacy and data protection, and the risks and costs of non-compliance with such laws and regulations;
|
•
|
compliance with laws and regulations for foreign operations, including the United States Foreign Corrupt Practices Act, the United Kingdom Bribery Act, import and export control laws, tariffs, trade barriers, economic sanctions and other regulatory or contractual limitations on our ability to sell our products in certain foreign markets, and the risks and costs of non-compliance;
|
•
|
heightened risks of unfair or corrupt business practices in certain geographies and of improper or fraudulent sales arrangements that may impact financial results and result in restatements of financial statements and irregularities in financial statements;
|
•
|
fluctuations in currency exchange rates and the related effect on our financial results;
|
•
|
difficulties in repatriating or transferring funds from or converting currencies in certain countries;
|
•
|
the need for localized software and licensing programs;
|
•
|
reduced protection for intellectual property rights in some countries and practical difficulties of enforcing intellectual property and contract rights abroad; and
|
•
|
compliance with the laws of numerous foreign taxing jurisdictions and overlapping of different tax regimes.
|
•
|
our failure to predict market demand accurately in terms of product functionality and to supply products that meet this demand in a timely fashion;
|
•
|
defects, errors or failures;
|
•
|
negative publicity about their performance or effectiveness;
|
•
|
delays in releasing to the market our new products or enhancements to our existing products to the market;
|
•
|
introduction or anticipated introduction of competing products by our competitors;
|
•
|
poor business conditions for our end-customers, causing them to delay IT purchases; and
|
•
|
reluctance of customers to purchase products incorporating open source software.
|
•
|
changes in fiscal or contracting policies;
|
•
|
decreases in available government funding;
|
•
|
changes in government programs or applicable requirements;
|
•
|
the adoption of new laws or regulations or changes to existing laws or regulations;
|
•
|
potential delays or changes in the government appropriations or other funding authorization processes; and
|
•
|
delays in the payment of our invoices by government payment offices.
|
•
|
third-party developers may not continue developing or supporting the software apps that they share on our community website, Splunk Apps;
|
•
|
we cannot provide any assurance that these apps meet the same quality standards that we apply to our own development efforts, and, to the extent they contain bugs or defects, they may create disruptions in our customers’ use of our products or negatively affect our brand;
|
•
|
we do not currently provide support for software apps developed by third-party software developers, and users may be left without support and potentially cease using our products if the third-party software developers do not provide support for these apps;
|
•
|
these third-party software developers may not possess the appropriate intellectual property rights to develop and share their apps; and
|
•
|
some of these developers may use the insight they gain using our products and from documentation publicly available on our website to develop competing products.
|
•
|
an acquisition may negatively affect our financial results because it may require us to incur charges or assume substantial debt or other liabilities, may cause adverse tax consequences or unfavorable accounting treatment, may expose us to claims and disputes by third parties, including intellectual property claims and disputes, or may not generate sufficient financial return to offset additional costs and expenses related to the acquisition;
|
•
|
potential goodwill impairment charges related to acquisitions;
|
•
|
costs and potential difficulties associated with the requirement to test and assimilate the internal control processes of the acquired business;
|
•
|
we may encounter difficulties or unforeseen expenditures in integrating the business, technologies, products, personnel or operations of any company that we acquire, particularly if key personnel of the acquired company decide not to work for us;
|
•
|
we may not realize the expected benefits of the acquisition;
|
•
|
an acquisition may disrupt our ongoing business, divert resources, increase our expenses and distract our management;
|
•
|
an acquisition may result in a delay or reduction of customer purchases for both us and the company acquired due to customer uncertainty about continuity and effectiveness of service from either company;
|
•
|
the potential impact on relationships with existing customers, vendors and distributors as business partners as a result of acquiring another company or business that competes with or otherwise is incompatible with those existing relationships;
|
•
|
the potential that our due diligence of the acquired company or business does not identify significant problems or liabilities;
|
•
|
we may encounter difficulties in, or may be unable to, successfully sell any acquired products;
|
•
|
an acquisition may involve the entry into geographic or business markets in which we have little or no prior experience or where competitors have stronger market positions;
|
•
|
an acquisition may require us to comply with additional laws and regulations or result in liabilities resulting from the acquired company’s pre-acquisition failure to comply with applicable laws;
|
•
|
our use of cash to pay for an acquisition would limit other potential uses for our cash;
|
•
|
if we incur debt to fund such acquisition, such debt may subject us to material restrictions on our ability to conduct our business as well as financial maintenance covenants; and
|
•
|
to the extent that we issue a significant amount of equity securities in connection with future acquisitions, existing stockholders may be diluted and earnings per share may decrease.
|
•
|
actual or anticipated fluctuations in our financial results;
|
•
|
the financial projections we provide to the public, any changes in these projections or our failure to meet or exceed these projections;
|
•
|
failure of securities analysts to initiate or maintain coverage of our company, changes in financial estimates by any securities analysts who follow our company, or our failure to meet these estimates or the expectations of investors;
|
•
|
ratings changes by any securities analysts who follow our company;
|
•
|
announcements by us or our competitors of significant technical innovations, acquisitions, strategic partnerships, joint ventures or capital commitments;
|
•
|
changes in operating performance and stock market valuations of other technology companies generally, or those in our industry in particular;
|
•
|
price and volume fluctuations in certain categories of companies or the overall stock market, including as a result of trends in the global economy;
|
•
|
any major change in our board of directors or management;
|
•
|
lawsuits threatened or filed against us; and
|
•
|
other events or factors, including those resulting from war, incidents of terrorism or responses to these events.
|
•
|
authorize our board of directors to issue, without further action by the stockholders, shares of undesignated preferred stock with terms, rights and preferences determined by our board of directors;
|
•
|
require that any action to be taken by our stockholders be effected at a duly called annual or special meeting and not by written consent;
|
•
|
specify that special meetings of our stockholders can be called only by our board of directors, the Chairman of our board of directors, or our Chief Executive Officer;
|
•
|
establish an advance notice procedure for stockholder proposals to be brought before an annual meeting, including proposed nominations of persons for election to our board of directors;
|
•
|
establish that our board of directors is divided into three classes, Class I, Class II and Class III, with each class serving three-year staggered terms;
|
•
|
prohibit cumulative voting in the election of directors;
|
•
|
provide that our directors may be removed only for cause;
|
•
|
provide that vacancies on our board of directors may be filled only by a majority of directors then in office, even though less than a quorum; and
|
•
|
require the approval of our board of directors or the holders of a supermajority of our outstanding shares of capital stock to amend our bylaws and certain provisions of our certificate of incorporation.
|
Date: December 10, 2014
|
|
|
|
|
|
|
|
|
|
SPLUNK INC.
|
|
|
|
|
|
|
|
|
By:
|
/s/ David F. Conte
|
|
|
David F. Conte
|
|
|
Chief Financial Officer
|
|
|
(Principal Financial and Accounting Officer)
|
|
|
|
Exhibit
Number
|
|
Description
|
|
|
|
3.1
|
|
Amended and Restated Bylaws of the Registrant (
incorporated by reference to Exhibit 3.1 filed with the Registrant's Current Report on Form 8-K filed on September 15, 2014
).
|
|
|
|
31.1
|
|
Certification of Principal Executive Officer Required Under Rule 13a-14(a) and 15d-14(a) of the Securities Exchange Act of 1934, as amended.
|
|
|
|
31.2
|
|
Certification of Principal Financial Officer Required Under Rule 13a-14(a) and 15d-14(a) of the Securities Exchange Act of 1934, as amended.
|
|
|
|
32.1
|
|
Certification of Principal Executive Officer and Principal Financial Officer Required Under Rule 13a-14(b) of the Securities Exchange Act of 1934, as amended, and 18 U.S.C. §1350.
|
|
|
|
101.INS
|
|
XBRL Instance Document
|
|
|
|
101.SCH
|
|
XBRL Taxonomy Schema Linkbase Document
|
|
|
|
101.CAL
|
|
XBRL Taxonomy Calculation Linkbase Document
|
|
|
|
101.DEF
|
|
XBRL Taxonomy Definition Linkbase Document
|
|
|
|
101.LAB
|
|
XBRL Taxonomy Labels Linkbase Document
|
|
|
|
101.PRE
|
|
XBRL Taxonomy Presentation Linkbase Document
|
No information found
* THE VALUE IS THE MARKET VALUE AS OF THE LAST DAY OF THE QUARTER FOR WHICH THE 13F WAS FILED.
FUND | NUMBER OF SHARES | VALUE ($) | PUT OR CALL |
---|
DIRECTORS | AGE | BIO | OTHER DIRECTOR MEMBERSHIPS |
---|---|---|---|
Career Highlights Mr. Green is the former CEO and Chairman of Accenture, a global management consulting and technology services company. He served as Accenture’s Chief Executive Officer from September 2004 through December 2010 and assumed the additional role of Chairman from 2006-2013. He was a Director of Accenture from 2001 through January 2013. Prior to serving as Chief Executive Officer, he was Accenture’s Chief Operating Officer-Client Services with overall management responsibility for the company’s operating groups . E arlier in his career, he led the Resources and Communication/High-Tech Operating Groups and was Managing Director for Accenture’s business in the United States. He joined Accenture in 1977 and became a partner in 1986. He served as a lead Director of EMC Corporation from July 2013 to August 2016 and has been a Director of Dell Technologies since 2016. Mr. Green has been a Director at Inovalon Holdings and Syniti. He is also a Director at BMC Software and Advisor360. Other Professional Experience and Community Involvement In addition, Mr. Green serves on the boards of several other private companies and is on the National Board of Year Up. He is deeply involved in several organizations and business groups supporting education in the United States and around the world. He is also a frequent speaker at business, technology and academic forums worldwide. | |||
Career Highlights Ms. Hill is President, Rotary and Mission Systems, of Lockheed Martin. Since joining Lockheed Martin in 1987 as a software engineer, Ms. Hill has held positions of increasing responsibility including: Executive Vice President, Senior Vice President, Enterprise Business Transformation; Deputy Executive Vice President of RMS; Senior Vice President, Corporate Strategy and Business Development; Vice President & General Manager of Cyber, Ships & Advanced Technologies; Vice President & General Manager of Information Systems & Global Solutions Civil business; Vice President of Corporate Internal Audit; and Vice President & General Manager of the Electronic Systems Mission Systems & Sensors business. Other Professional Experience and Community Involvement Ms. Hill has been recognized for her career achievements and community outreach, especially in the advancement of STEM education. She was listed among Savoy Magazine’s 2020 Most Influential Black Executives in Corporate America; Black Enterprise’s 2019 Most Powerful Women in Corporate America; EBONY Magazine’s Power 100; and Computerworld’s Premier 100 IT Leaders. Hill was named as the U.S. Black Engineer of the Year by Career Communications Group in 2014 and was honored by The World Trade Center Institute in 2015 with their Maryland International Business Leadership Award. In 2013, she received the Corporate Heroine in Technology Award from the March of Dimes and the Armed Forces Communications and Electronics Association. Deeply committed to the development of others, Hill serves as a mentor to many students and professionals. Ms. Hill graduated with high honors from the University of Maryland, Baltimore County with a Bachelor of Science degree in computer science and economics. She received an honorary doctorate from the university in 2017. | |||
Career Highlights Ms. Jacoby was Senior Vice President, Operations of Cisco Systems, Inc., a worldwide leader in IT networking, until her retirement in January 2018. She was promoted to the role in July 2015 and was responsible for driving profitable growth and enabling operational excellence. She oversaw the supply chain, global business services, security and trust, and IT organizations. In her former role as Cisco’s CIO from 2006 to 2015, she made the Cisco IT organization a strategic business partner, producing significant business value for Cisco in the form of financial performance, customer satisfaction and loyalty, market share, and productivity. Since joining Cisco in 1995, she held a variety of leadership roles in operations, manufacturing and IT. Prior to joining Cisco, she held a range of planning and operations positions with other companies in Silicon Valley. Her extensive understanding of business operations, infrastructure and application deployments, as well as her knowledge of products, software and services helped her advance Cisco’s business through the use of Cisco technology. Since 2019, she serves on the Advisory Board of ParkourSC, a provider of IoT tracking solutions creating continuous visibility into the location, condition and context of material goods and assets. Ms. Jacoby formerly served on the Board of Apptio, Inc., which provides cloud-based technology business management solutions to enterprises, from 2018 until its acquisition by Vista Equity Partners in January of 2019, as well as the Board of Quantum Corporation, which provides technology and services to help customers capture, create and share digital content, from 2019 to 2023. Other Professional Experience and Community Involvement Ms. Jacoby spent six years on the board of the Second Harvest Food Bank of Santa Clara and San Mateo Counties and is a founding member of the Technology Business Management Council. Known for her strong track record of operational excellence, innovative problem solving and talent development, she was inducted into the CIO Hall of Fame by CIO magazine and was recognized by Forbes as a “Superstar CIO” in 2012. | |||
Career Highlights Martina L. Cheung is President, CEO, and a member of the Board of Directors of S&P Global. Previously, Ms. Cheung was President of S&P Global Ratings and served as the Executive Lead of S&P Global Sustainable1. Earlier, she was President of S&P Global Market Intelligence. Ms. Cheung joined the Company in 2010 as Vice President of Operations for S&P Global Ratings and went on to serve as S&P Global’s Chief Strategy Officer. She also was Head of Risk Services for S&P Global Market Intelligence. Prior to joining S&P Global, Ms. Cheung worked for Accenture’s Financial Services Strategy group and later as a Partner at Mitchell Madison Consulting. Other Professional Experience and Community Involvement Ms. Cheung was named one of the Most Powerful Women in Finance by American Banker and included on the list of Influential Women in Institutional Investing by Pensions & Investments in 2024. Also in 2024, INvolve named her to its 100 Empower Executives list for the second consecutive year. Ms. Cheung received the Merit Award from The Women’s Bond Club in 2022. In addition, she was honored at the 2022 Ascend A-List Awards for advancing Pan-Asian professionals, and she was inducted into the Academy of Women Leaders by the YWCA New York City in 2016. Ms. Cheung is a member of the Council on Foreign Relations, the Economic Club of New York, and served on the U.S. Commodity Futures Trading Commission’s (CFTC) subcommittee on Climate-Related Market Risk. Ms. Cheung serves on the Board of Trustees for Catholic Charities New York and was a member of the Board of CRISIL, a global analytics company and India’s leading credit ratings agency. She holds a bachelor’s degree in commerce and a master’s degree in business studies from National University of Ireland, Galway. | |||
Career Highlights Ms. Morris served on MetLife’s Executive Group for almost a decade (retired September 2017), holding numerous senior leadership positions throughout her 33-year career. From 2011 through her retirement, she was Executive Vice President, MetLife, Inc. and led the company’s Global Employee Benefits (GEB) business. In her role leading MetLife’s GEB business since 2012, she was responsible for expanding MetLife’s employee benefits business in more than 40 countries, broadening relationships and fueling growth across the globe via local solutions and partnerships with multinational corporations, as well as through distribution relationships with financial institutions. She also served as the interim Head of MetLife’s U.S. Business from January 2016 to June 2017, where she was responsible for approximately 60% of MetLife’s operating earnings, post separation of its retail business. She served as MetLife’s Interim Chief Marketing Officer in 2014, where she continued to strengthen MetLife’s brand across the globe. From 2008 to 2011, she led Global Technology and Operations, where she managed a $1.6 billion IT portfolio and a $2.5 billion procurement and real estate budget. She also oversaw the integration of MetLife’s $16.4 billion acquisition of American Life Insurance Company (Alico). Other Professional Experience and Community Involvement Ms. Morris presently sits on the Board of Wells Fargo & Company where she chairs the Risk Committee. She is also a Board member of Allstate and privately-held Resolution Life, where she chairs the Compensation Committee. Ms. Morris is the Vice-Chair of Catholic Charities of NY and a member of the Board of Directors of Helen Keller International. | |||
Career Highlights Marco Alverà is Group Chief Executive Officer of Tree Energy Solutions, an LNG and new energy company, since June 2022 and Co-Founder of Zhero. Previously, he served as Chief Executive Officer of Snam S.p.A., Europe’s leading natural gas utility, from 2016 to 2022. Prior to joining Snam in 2016, Mr. Alverà held a number of senior management and operational leadership positions at Eni S.p.A., among them, Head of Eni’s commodities trading and shipping business, and Senior EVP of Upstream business. He has participated in the upstream, midstream and downstream aspects of the oil and gas industry. Prior to Eni S.p.A., Mr. Alverà served as Head of Group Strategy at Enel S.p.A., a multinational power company functioning in the gas and electricity sectors, particularly in Europe and Latin America. He also served as Chief Financial Officer of Wind Telecomunicazioni S.p.A. and co-founded Netesi, Italy’s first broadband ADSL company. Mr. Alverà started his career in M&A at Goldman Sachs. Other Professional Experience and Community Involvement Mr. Alverà sits on the board of the Cini Foundation in Venice. He is a co-founder of the Kenta Foundation and co-founder and CEO of Zhero, since 2022. Mr. Alverà wrote the books “Generation H” (Mondadori), “The Hydrogen Revolution” (Basics Book), and “Zhero” (Salani editori). He was a visiting fellow at Oxford University and is a frequent speaker and lecturer on business, sustainability, and energy markets . | |||
Career Highlights Mr. Esculier served as Chief Executive Officer and Director of WABCO Holdings Inc. from July 2007 until his retirement in May 2020 when the company was acquired. From May 2009 until his retirement, he also served as Chairman of the Board of WABCO Holdings. Prior to July 2007, Mr. Esculier served as Vice President of American Standard Companies Inc. and President of its Vehicle Control Systems business, a position he had held since January 2004. Prior to holding that position, Mr. Esculier served in the capacity of Business Leader for American Standard’s Trane Commercial Systems’ Europe, Middle East, Africa, India & Asia Region from 2002 through January 2004. Prior to joining American Standard in 2002, Mr. Esculier spent more than six years in leadership positions at AlliedSignal/Honeywell Aerospace. He was Vice President and General Manager of Environmental Control and Power Systems Enterprise based in Los Angeles and Vice President of Aftermarket Services- Asia Pacific based in Singapore. Mr. Esculier was a member of the board of directors of Pentair PLC from 2014 until May 2020. Other Professional Experience and Community Involvement Mr. Esculier was awarded the U.S. Army Commander’s Award for Civilian Service related to work on helicopters of NASA. Mr. Esculier holds a Master of Science in General Sciences from Ecole Polytechnique de Paris, a Master of Science in Aerospace from Institut Superieur de l’Aeronautique et de l’Espace and an MBA from INSEAD. | |||
Career Highlights Mr. Esculier served as Chief Executive Officer and Director of WABCO Holdings Inc. from July 2007 until his retirement in May 2020 when the company was acquired. From May 2009 until his retirement, he also served as Chairman of the Board of WABCO Holdings. Prior to July 2007, Mr. Esculier served as Vice President of American Standard Companies Inc. and President of its Vehicle Control Systems business, a position he had held since January 2004. Prior to holding that position, Mr. Esculier served in the capacity of Business Leader for American Standard’s Trane Commercial Systems’ Europe, Middle East, Africa, India & Asia Region from 2002 through January 2004. Prior to joining American Standard in 2002, Mr. Esculier spent more than six years in leadership positions at AlliedSignal/Honeywell Aerospace. He was Vice President and General Manager of Environmental Control and Power Systems Enterprise based in Los Angeles and Vice President of Aftermarket Services- Asia Pacific based in Singapore. Mr. Esculier was a member of the board of directors of Pentair PLC from 2014 until May 2020. Other Professional Experience and Community Involvement Mr. Esculier was awarded the U.S. Army Commander’s Award for Civilian Service related to work on helicopters of NASA. Mr. Esculier holds a Master of Science in General Sciences from Ecole Polytechnique de Paris, a Master of Science in Aerospace from Institut Superieur de l’Aeronautique et de l’Espace and an MBA from INSEAD. | |||
Gregory Washington | |||
Douglas L. Peterson Senior Advisor; Former President and Chief Executive Officer |
|
Name and
Principal Position |
| | |
Year
|
| | |
Salary
($) |
| | |
Bonus
($) |
| | |
Stock
Awards ($) |
| | |
Non-Equity
Incentive Plan Compensation ($) |
| | |
Change in
Pension Value and Nonqualified Deferred Compensation Earnings ($) |
| | |
All Other
Compensation ($) |
| | |
Total
($) |
| ||||||||||||||||||||||||
|
Martina L. Cheung
President and Chief Executive Officer |
| | | | | 2024 | | | | | | $ | 791,667 | | | | | | $ | — | | | | | | $ | 3,745,257 | | | | | | $ | 2,615,748 | | | | | | $ | — | | | | | | $ | 422,250 | | | | | | $ | 7,574,922 | | |
| | | 2023 | | | | | | $ | 750,000 | | | | | | $ | — | | | | | | $ | 3,249,781 | | | | | | $ | 1,710,000 | | | | | | $ | 2,621 | | | | | | $ | 225,147 | | | | | | $ | 5,937,549 | | | ||||
| | | 2022 | | | | | | $ | 750,000 | | | | | | $ | — | | | | | | $ | 9,750,049 | | | | | | $ | 967,500 | | | | | | $ | — | | | | | | $ | 254,317 | | | | | | $ | 11,721,866 | | | ||||
|
Douglas L. Peterson
Senior Advisor; Former President and Chief Executive Officer |
| | | | | 2024 | | | | | | $ | 1,375,000 | | | | | | $ | — | | | | | | $ | 16,779,010 | | | | | | $ | 5,219,505 | | | | | | $ | — | | | | | | $ | 606,204 | | | | | | $ | 23,979,719 | | |
| | | 2023 | | | | | | $ | 1,350,000 | | | | | | $ | — | | | | | | $ | 13,799,664 | | | | | | $ | 3,829,500 | | | | | | $ | — | | | | | | $ | 527,248 | | | | | | $ | 19,506,412 | | | ||||
| | | 2022 | | | | | | $ | 1,350,000 | | | | | | $ | — | | | | | | $ | 23,799,992 | | | | | | $ | 2,760,000 | | | | | | $ | — | | | | | | $ | 727,515 | | | | | | $ | 28,637,507 | | | ||||
|
Christopher F. Craig*
SVP, Interim Chief Financial Officer and Controller |
| | | | | 2024 | | | | | | $ | 566,667 | | | | | | $ | — | | | | | | $ | 1,498,884 | | | | | | $ | 872,100 | | | | | | $ | — | | | | | | $ | 97,643 | | | | | | $ | 3,035,294 | | |
|
Ewout Steenbergen
Former EVP, Chief Financial Officer |
| | | | | 2024 | | | | | | $ | 171,875 | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | 164,304 | | | | | | $ | 336,179 | | |
| | | 2023 | | | | | | $ | 825,000 | | | | | | $ | — | | | | | | $ | 3,499,739 | | | | | | $ | 1,665,000 | | | | | | $ | — | | | | | | $ | 288,537 | | | | | | $ | 6,278,276 | | | ||||
| | | 2022 | | | | | | $ | 825,000 | | | | | | $ | — | | | | | | $ | 10,000,020 | | | | | | $ | 1,200,000 | | | | | | $ | — | | | | | | $ | 338,330 | | | | | | $ | 12,363,350 | | | ||||
|
Sally Moore*
EVP, Chief Client Officer |
| | | | | 2024 | | | | | | $ | 600,128 | | | | | | $ | — | | | | | | $ | 4,423,632 | | | | | | $ | 1,432,836 | | | | | | $ | — | | | | | | $ | 60,508 | | | | | | $ | 6,517,104 | | |
|
Steven J. Kemps*
EVP, Chief Legal Officer |
| | | | | 2024 | | | | | | $ | 625,000 | | | | | | $ | 1,250,000 | | | | | | $ | 2,546,175 | | | | | | $ | 1,730,000 | | | | | | $ | — | | | | | | $ | 167,112 | | | | | | $ | 6,318,287 | | |
|
Saugata Saha*
President, S&P Global Market Intelligence |
| | | | | 2024 | | | | | | $ | 658,333 | | | | | | $ | — | | | | | | $ | 2,846,052 | | | | | | $ | 1,852,083 | | | | | | $ | — | | | | | | $ | 213,029 | | | | | | $ | 5,569,497 | | |
|
Adam J. Kansler
Former President, S&P Global Market Intelligence |
| | | | | 2024 | | | | | | $ | 750,000 | | | | | | $ | — | | | | | | $ | 3,745,257 | | | | | | $ | 1,826,180 | | | | | | $ | — | | | | | | $ | 270,122 | | | | | | $ | 6,591,559 | | |
| | | 2023 | | | | | | $ | 750,000 | | | | | | $ | — | | | | | | $ | 3,249,781 | | | | | | $ | 1,560,000 | | | | | | $ | — | | | | | | $ | 107,277 | | | | | | $ | 5,667,058 | | | ||||
| | | 2022 | | | | | | $ | 625,000 | | | | | | $ | — | | | | | | $ | 11,675,492 | | | | | | $ | 1,335,000 | | | | | | $ | — | | | | | | $ | 78,243 | | | | | | $ | 13,713,735 | | |
Customers
Customer name | Ticker |
---|---|
First Horizon Corporation | FHN |
Huntington Bancshares Incorporated | HBAN |
No Suppliers Found
Price
Yield
Owner | Position | Direct Shares | Indirect Shares |
---|---|---|---|
Peterson Douglas L. | - | 163,613 | 0 |
Peterson Douglas L. | - | 48,842 | 100,000 |
Kansler Adam Jason | - | 22,099 | 23,749 |
Kansler Adam Jason | - | 20,961 | 23,749 |
CHEUNG MARTINA | - | 17,203 | 0 |
CHEUNG MARTINA | - | 10,281 | 0 |
Craig Christopher | - | 9,161 | 0 |
Kemps Steven J | - | 7,249 | 0 |
Craig Christopher | - | 5,577 | 0 |
Moore Sally | - | 4,957 | 0 |
Steenbergen Ewout L | - | 3,552 | 0 |
Draper Daniel E | - | 3,422 | 0 |
Kemps Steven J | - | 2,968 | 0 |
Moore Sally | - | 2,741 | 0 |
Manis Dimitra | - | 2,430 | 0 |
Manis Dimitra | - | 1,483 | 0 |
Saha Saugata | - | 1,427 | 0 |
GREEN WILLIAM D | - | 1,000 | 0 |
Saha Saugata | - | 934 | 0 |
Eramo Mark | - | 586 | 0 |
Jacoby Rebecca | - | 469 | 0 |
Alvera Marco | - | 400 | 0 |