SAN FRANCISCO–(BUSINESS WIRE)–Asana, Inc. (NYSE: ASAN), a number one work administration platform for groups, right this moment reported monetary outcomes for its fourth quarter and monetary yr ended January 31, 2021.

“We’re very happy with our robust outcomes for the fiscal yr, driving document income of $227 million, up 59 % yr over yr,” mentioned Dustin Moskovitz, co-founder and chief govt officer of Asana. “Within the fourth quarter, progress was pushed by a yr over yr acceleration of latest buyer progress, robust enlargement inside our current base and momentum with a few of our largest enterprise prospects. We now have over 93,000 paying prospects and over 1.5 million paid customers who belief Asana to supply the real-time readability their groups must do their greatest work.”

Fourth Quarter Fiscal 2021 Monetary Highlights

  • Revenues: Revenues have been $68.4 million, a rise of 57% yr over yr.
  • Working Loss: GAAP working loss was $51.0 million, or 74.5% of revenues, in comparison with GAAP working lack of $25.3 million, or 58.2% of revenues, within the fourth quarter of fiscal 2020. Non-GAAP working loss was $34.8 million, or 51.0% of revenues, in comparison with non-GAAP working lack of $20.1 million, or 46.1% of revenues, within the fourth quarter of fiscal 2020.
  • Web Loss: GAAP internet loss was $61.5 million, in comparison with GAAP internet lack of $25.2 million within the fourth quarter of fiscal 2020. GAAP internet loss per share was $0.39, in comparison with GAAP internet loss per share of $0.34 within the fourth quarter of fiscal 2020. Non-GAAP internet loss was $35.0 million, in comparison with non-GAAP internet lack of $19.9 million within the fourth quarter of fiscal 2020. Non-GAAP internet loss per share was $0.22, in comparison with non-GAAP internet loss per share of $0.27 within the fourth quarter of fiscal 2020.
  • Money Circulate: Money flows from working actions have been destructive $18.2 million, in comparison with money flows from working actions of destructive $16.1 million within the fourth quarter of fiscal 2020. Free money move was destructive $17.5 million, in comparison with destructive $19.2 million within the fourth quarter of fiscal 2020.

Fiscal Yr 2021 Monetary Highlights

  • Revenues: Revenues have been $227.0 million, a rise of 59% yr over yr.
  • Working Loss: GAAP working loss was $175.6 million, or 77.3% of revenues, in comparison with GAAP working lack of $119.6 million, or 83.9% of revenues, in fiscal 2020. Non-GAAP working loss was $123.2 million, or 54.3% of revenues, in comparison with non-GAAP working lack of $69.3 million, or 48.6% of revenues, in fiscal 2020.
  • Web Loss: GAAP internet loss was $211.7 million, in comparison with GAAP internet lack of $118.6 million in fiscal 2020. GAAP internet loss per share was $1.99, in comparison with GAAP internet loss per share of $1.69 in fiscal 2020. Non-GAAP internet loss was $123.3 million, in comparison with non-GAAP internet lack of $68.2 million in fiscal 2020. Non-GAAP internet loss per share was $1.16, in comparison with non-GAAP internet loss per share of $0.97 in fiscal 2020.
  • Money Circulate: Money flows from working actions have been destructive $92.9 million, in comparison with money flows from working actions of destructive $40.1 million in fiscal 2020. Free money move was destructive $76.0 million, in comparison with destructive $44.6 million in fiscal 2020.

Enterprise Highlights

  • Named #1 within the Office class in Quick Firm’s prestigious annual checklist of the World’s Most Progressive Corporations for 2021.
  • Launched new product options, together with Asana Targets; Venture Overview and Transient; Asana for Operations, Gross sales and Account Administration; and new integrations with Microsoft Groups, Zoom, Jira, Salesforce, Tableau and PowerBI.
  • Expanded the Asana Collectively neighborhood program to greater than 2,000 members throughout 94 international locations.
  • Topped the G2 Enterprise Grid® Chief quadrant for the third yr in a row and earned the #1 spot within the 2021 Grid® Report for Venture Administration.
  • Ranked a Greatest Office by Fortune, Inc., Glassdoor and Constructed In NY – together with the #1 Greatest Office within the Bay Space for the fourth consecutive yr.
  • Ended the yr with over 93,000 paying prospects and 1.5 million paid customers.
  • Prospects spending $5,000 or extra on an annualized foundation in This autumn grew to 10,174, a rise of 55% yr over yr.
  • Prospects spending $50,000 or extra on an annualized foundation in This autumn grew to 397, a rise of 92% yr over yr.
  • General dollar-based internet retention price in This autumn was over 115%.
  • Greenback-based internet retention price for patrons with $5,000 or extra in annualized spend was 125%.
  • Greenback-based internet retention price for patrons with $50,000 or extra in annualized spend was over 140%.

Monetary Outlook

For the primary quarter of fiscal 2022, Asana expects:

  • Revenues of $69.5 million to $70.5 million, representing yr over yr progress of 46% to 48%.
  • Non-GAAP working lack of $44.0 million to $42.0 million.
  • Non-GAAP internet loss per share of $0.27 to $0.26, assuming fundamental and diluted weighted common shares excellent of roughly 161 million.

For fiscal yr 2022, Asana expects revenues of $309.0 million to $314.0 million, representing yr over yr progress of 36% to 38%.

These statements are forward-looking and precise outcomes could materially differ. Consult with the “Ahead-Trying Statements” part beneath for info on the components that might trigger Asana’s precise outcomes to materially differ from these forward-looking statements.

A reconciliation of non-GAAP outlook measures to corresponding GAAP measures just isn’t out there on a forward-looking foundation with out unreasonable effort as a result of uncertainty concerning, and the potential variability of, many of those prices and bills which may be incurred sooner or later. Asana has offered a reconciliation of GAAP to non-GAAP monetary measures within the monetary assertion tables for its fourth quarter and full yr fiscal 2021 non-GAAP outcomes included on this press launch.

Convention Name Data

Asana will host a convention name and dwell webcast for analysts and traders at 1:30 p.m. Pacific Time on March 10, 2021. A dwell webcast and accompanying presentation could be accessed on the Investor Relations part of Asana’s web site at: https://traders.asana.com. The convention name may also be accessed by dialing (833) 529-0220, or +1 236-389-2147 (exterior of the US). The convention ID is 859-8159. A replay of the decision by way of webcast shall be out there at https://traders.asana.com.

Ahead-Trying Statements

This press launch accommodates “forward-looking” statements inside the that means of the Personal Securities Litigation Reform Act of 1995 which can be based mostly on administration’s beliefs and assumptions and on info at the moment out there to administration. Ahead-looking statements embody, however aren’t restricted to, statements about Asana’s outlook for the primary fiscal quarter and the total fiscal yr ending January 31, 2022, Asana’s market place, and potential market alternatives. Ahead-looking statements typically relate to future occasions or Asana’s future monetary or working efficiency. Ahead-looking statements embody all statements that aren’t historic details and in some circumstances could be recognized by phrases akin to “anticipate,” “anticipate,” “intend,” “plan,” “imagine,” “proceed,” “may,” “potential,” “stay,” “could,” “may,” “will,” “would” or comparable expressions and the negatives of these phrases. Nonetheless, not all forward-looking statements comprise these figuring out phrases. Ahead-looking statements contain identified and unknown dangers, uncertainties and different components, together with components past Asana’s management, that will trigger Asana’s precise outcomes, efficiency or achievements to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements. These dangers embody, however aren’t restricted to, dangers and uncertainties associated to: Asana’s potential to attain future progress and maintain its progress price, Asana’s potential to draw and retain prospects and enhance gross sales to its prospects, Asana’s potential to develop and launch new services and products and to scale its platform, Asana’s potential to extend adoption of its platform by means of Asana’s self-service mannequin, Asana’s potential to take care of and develop its relationships with strategic companions, the extremely aggressive and quickly evolving market during which Asana participates, Asana’s worldwide enlargement methods, and the influence of the COVID-19 pandemic. Additional info on dangers that might trigger precise outcomes to vary materially from forecasted outcomes are included in Asana’s filings with the SEC, together with Asana’s Quarterly Report on Kind 10-Q for the fiscal quarter ended October 31, 2020. Any forward-looking statements contained on this press launch are based mostly on assumptions that Asana believes to be affordable as of this date. Besides as required by legislation, Asana assumes no obligation to replace these forward-looking statements, or to replace the explanations if precise outcomes differ materially from these anticipated within the forward-looking statements.

Use of Non-GAAP Monetary Measures

To complement its consolidated monetary statements, that are ready and introduced in accordance with GAAP, Asana makes use of sure non-GAAP monetary measures, as described beneath, to grasp and consider its core working efficiency. These non-GAAP monetary measures, which can be totally different from equally titled measures utilized by different corporations, are introduced to reinforce traders’ total understanding of Asana’s monetary efficiency and shouldn’t be thought-about an alternative to, or superior to, the monetary info ready and introduced in accordance with GAAP. Traders are inspired to evaluation the reconciliation of those non-GAAP measures to their most straight comparable GAAP monetary measures. A reconciliation of the non-GAAP monetary measures to such GAAP measures could be discovered within the accompanying monetary statements included with this press launch.

Asana believes that these non-GAAP monetary measures present helpful details about its monetary efficiency, improve the general understanding of Asana’s previous efficiency and future prospects, facilitate period-to-period comparisons of operations, and permit for better transparency with respect to necessary metrics utilized by Asana’s administration for monetary and operational decision-making. Asana is presenting these non-GAAP monetary metrics to help traders in seeing its monetary efficiency by means of the eyes of administration, and since Asana believes that these measures present an extra device for traders to make use of in evaluating its core monetary efficiency over a number of durations with different corporations in Asana’s trade.

Asana defines non-GAAP working loss as GAAP loss from operations plus stock-based compensation expense and associated employer payroll taxes and non-recurring prices akin to direct itemizing bills. Asana defines non-GAAP internet loss as GAAP internet loss plus stock-based compensation expense and associated employer payroll taxes, amortization of low cost and non-cash contractual curiosity expense associated to its senior obligatory convertible promissory notice, and non-recurring prices akin to direct itemizing bills. The quantity of employer payroll tax-related gadgets on worker inventory transactions relies on Asana’s inventory worth and different components which can be past its management and that don’t correlate to the operation of the enterprise. Asana doesn’t think about these things when evaluating the efficiency of its enterprise and making working plans. Asana believes it’s helpful to exclude these bills with a purpose to higher perceive the long-term efficiency of its core enterprise and to facilitate comparability of its outcomes to these of peer corporations and over a number of durations. There are a selection of limitations associated to using these non-GAAP measures as in comparison with GAAP working loss and internet loss, together with that the non-GAAP measures exclude stock-based compensation expense, which has been, and can proceed to be for the foreseeable future, a major recurring expense in Asana’s enterprise and an necessary a part of its compensation technique.

Asana additionally makes use of the non-GAAP monetary measure of free money move, which is outlined as internet money utilized in working actions much less money used for purchases of property and gear and capitalized internal-use software program prices, plus non-recurring expenditures akin to capital expenditures from the purchases of property and gear related to the build-out of Asana’s company headquarters in San Francisco and direct itemizing bills. Asana believes free money move is a crucial liquidity measure of the money that’s out there, after capital expenditures and operational bills, for funding in its enterprise and to make acquisitions. Free money move is helpful to traders as a liquidity measure as a result of it measures Asana’s potential to generate or use money. There are a selection of limitations associated to using free money move as in comparison with internet money from working actions, together with that free money move consists of capital expenditures, the advantages of that are realized in durations subsequent to these when expenditures are made.

Definitions of Enterprise Metrics

Greenback-based internet retention price

Asana’s reported dollar-based internet retention price equals the easy arithmetic common of its quarterly dollar-based internet retention price for the 4 quarters ending with the latest fiscal quarter. Asana calculates its dollar-based internet retention price by evaluating its revenues from the identical set of shoppers in a given quarter, relative to the comparable prior-year interval. To calculate Asana’s dollar-based internet retention price for a given quarter, Asana begins with the revenues in that quarter from prospects that generated revenues in the identical quarter of the prior yr. Asana then divides that quantity by the revenues attributable to that very same group of shoppers within the prior-year quarter. Present interval revenues embody any upsells and are internet of contraction or attrition over the trailing 12 months, however exclude revenues from new prospects within the present interval. Asana expects its dollar-based internet retention price to fluctuate in future durations as a consequence of numerous components, together with the anticipated progress of its income base, the extent of penetration inside its buyer base, and its potential to retain its prospects.

About Asana

Asana helps groups orchestrate their work, from small tasks to strategic initiatives. Headquartered in San Francisco, CA, Asana has greater than 93,000 paying organizations and hundreds of thousands of free organizations throughout 190 international locations. International prospects akin to Accenture, Estee Lauder, Japan Airways, Sky and Viessmann depend on Asana to handle every little thing from firm aims to digital transformation to product launches and advertising campaigns. For extra info, go to www.asana.com.

Disclosure of Materials Data

Asana publicizes materials info to its traders utilizing SEC filings, press releases, public convention calls, and on its investor relations web page of Asana’s web site at https://traders.asana.com. Asana makes use of these channels, in addition to social media, together with its Twitter account (@asana), its weblog (weblog.asana.com), its LinkedIn web page (www.linkedin.com/firm/asana), its Instagram account (@asana), and its Fb web page (www.fb.com/asana/), to speak with traders and the general public about Asana, its services and products and different issues. Due to this fact, Asana encourages traders, the media and others fascinated by Asana to evaluation the data it makes public in these places, as such info might be deemed to be materials info.

ASANA, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In 1000’s, besides per share information)

(unaudited)

 

Three Months Ended January 31,

Twelve Months Ended January 31,

2021

2020

2021

2020

Revenues

$

68,369

$

43,470

$

227,004

$

142,606

Price of revenues(1)

8,193

5,802

28,741

19,881

Gross revenue

60,176

37,668

198,263

122,725

Working bills:

Analysis and growth(1)

39,801

20,087

121,139

89,675

Gross sales and advertising(1)

53,527

30,909

176,479

105,836

Basic and administrative(1)

17,812

11,974

76,212

46,845

Complete working bills

111,140

62,970

373,830

242,356

Loss from operations

(50,964

)

(25,302

)

(175,567

)

(119,631

)

Curiosity earnings and different earnings, internet

558

197

1,568

1,365

Curiosity expense

(10,472

)

(78

)

(36,178

)

(78

)

Loss earlier than provision for earnings taxes

(60,878

)

(25,183

)

(210,177

)

(118,344

)

Provision for earnings taxes

632

62

1,533

245

Web loss

$

(61,510

)

$

(25,245

)

$

(211,710

)

$

(118,589

)

Web loss per share:

Fundamental and diluted

$

(0.39

)

$

(0.34

)

$

(1.99

)

$

(1.69

)

Weighted-average shares utilized in calculating internet loss per share:

Fundamental and diluted

159,270

74,139

106,344

70,335

_______________

(1) Quantities embody stock-based compensation expense as follows:

 

Three Months Ended January 31,

Twelve Months Ended January 31,

2021

2020

2021

2020

Price of revenues

$

130

$

13

$

305

$

103

Analysis and growth

9,086

1,919

18,606

24,869

Gross sales and advertising

4,303

775

9,387

10,177

Basic and administrative

2,407

623

5,927

13,237

Complete stock-based compensation expense

$

15,926

$

3,330

$

34,225

$

48,386

ASANA, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In 1000’s)

(unaudited)

 

January 31, 2021

January 31, 2020

Belongings

Present property

Money and money equivalents

$

259,878

$

306,020

Marketable securities

126,396

45,288

Accounts receivable, internet

32,194

12,659

Pay as you go bills and different present property

27,295

16,667

Complete present property

445,763

380,634

Property and gear, internet

74,436

10,100

Restricted money, noncurrent

4,657

Working lease right-of-use property

182,924

20,818

Investments, noncurrent

19,125

Different property

8,871

5,483

Complete property

$

731,119

$

421,692

Liabilities, Redeemable Convertible Most well-liked Inventory, and Stockholders’ (Deficit) Fairness

Present liabilities

Accounts payable

$

9,599

$

7,549

Accrued bills and different present liabilities

41,616

18,241

Deferred income, present (1)

103,875

62,725

Working lease liabilities, present

8,386

11,613

Complete present liabilities

163,476

100,128

Time period mortgage, internet

29,508

Convertible notes, internet—associated social gathering

351,161

203,097

Working lease liabilities, noncurrent

196,802

10,472

Different liabilities(1)

2,961

2,729

Complete liabilities

743,908

316,426

Commitments and contingencies

Redeemable convertible most well-liked inventory

250,581

Stockholders’ (deficit) fairness

Frequent inventory

2

1

Further paid-in capital

528,616

184,522

Collected different complete loss

39

(102

)

Collected deficit

(541,446

)

(329,736

)

Complete stockholders’ (deficit) fairness

(12,789

)

(145,315

)

Complete liabilities, redeemable convertible most well-liked inventory, and stockholders’ (deficit) fairness

$

731,119

$

421,692

_______________

(1)

Complete deferred income was $105.9 million as of January 31, 2021, of which $2.0 million, is introduced inside different liabilities, as a noncurrent legal responsibility, within the consolidated stability sheets.

ASANA, INC.

SUMMARY OF CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In 1000’s)

(unaudited)

 

Three Months Ended January 31,

Twelve Months Ended January 31,

2021

2020

2021

2020

Money flows from working actions

Web loss

$

(61,510

)

$

(25,245

)

$

(211,710

)

$

(118,589

)

Changes to reconcile internet loss to internet money utilized in working actions:

Allowance for uncertain accounts

(280

)

355

924

653

Depreciation and amortization

978

542

3,486

2,233

Achieve on sale of property and gear

(12

)

Amortization of deferred contract acquisition prices

1,395

596

4,079

1,607

Inventory-based compensation expense

15,926

3,330

34,225

48,386

Web accretion of low cost of marketable securities

324

(134

)

406

(1,016

)

Change in truthful worth of redeemable convertible most well-liked inventory warrant legal responsibility

8

117

Non-cash lease expense

4,554

2,497

16,389

8,228

Amortization of low cost on convertible notes and time period mortgage issuance prices

6,405

49

22,369

49

Non-cash curiosity expense

3,972

29

13,681

29

Adjustments in working property and liabilities:

Accounts receivable

(8,627

)

(2,480

)

(20,458

)

(7,718

)

Pay as you go bills and different present property

(3,933

)

(3,330

)

(17,184

)

(8,688

)

Different property

(853

)

(395

)

(3,390

)

(1,791

)

Accounts payable

(4,717

)

861

(2,877

)

3,472

Accrued bills and different present liabilities

4,344

3,411

17,888

8,321

Deferred income

15,738

6,403

41,779

32,189

Working lease liabilities

7,884

(2,594

)

7,300

(7,618

)

Different liabilities

235

235

Web money utilized in working actions

(18,165

)

(16,097

)

(92,870

)

(40,136

)

Money flows from investing actions

Purchases of marketable securities

(64,963

)

(1,790

)

(191,576

)

(77,759

)

Gross sales of marketable securities

37,091

1,605

37,091

4,282

Maturities of marketable securities

8,501

9,094

53,842

93,394

Purchases of property and gear

(22,191

)

(5,023

)

(57,344

)

(6,878

)

Gross sales of property and gear

12

Capitalized internal-use software program

(104

)

(82

)

(962

)

(384

)

Web money offered by (utilized in) investing actions

(41,666

)

3,804

(158,937

)

12,655

Money flows from financing actions

Proceeds from time period mortgage, internet of issuance prices

18,000

30,915

Proceeds from issuance of convertible notes—associated social gathering

300,000

150,000

300,000

Taxes paid associated to internet share settlement of fairness awards

(378

)

Repurchases of widespread inventory

(33

)

(7

)

(33

)

(77

)

Proceeds from train of inventory choices

4,307

3,826

20,501

11,674

Web money offered by financing actions

22,274

303,819

201,005

311,597

Impact of overseas alternate charges on money and money equivalents and restricted money

10

(60

)

3

(19

)

Web enhance (lower) in money, money equivalents, and restricted money

(37,547

)

291,466

(50,799

)

284,097

Money, money equivalents, and restricted money

Starting of interval

297,425

19,211

310,677

26,580

Finish of interval

$

259,878

$

310,677

$

259,878

$

310,677

ASANA, INC.

Reconciliation of GAAP to Non-GAAP Knowledge

(In 1000’s, besides percentages)

(unaudited)

 

Three Months Ended January 31,

Twelve Months Ended January 31,

2021

2020

2021

2020

Reconciliation of gross revenue and gross margin

GAAP gross revenue

$

60,176

$

37,668

$

198,263

$

122,725

Plus: stock-based compensation and associated employer payroll tax related to RSUs

135

13

310

103

Non-GAAP gross revenue

$

60,311

$

37,681

$

198,573

$

122,828

GAAP gross margin

88.0%

86.7%

87.3%

86.1%

Non-GAAP changes

0.2%

—%

0.2%

—%

Non-GAAP gross margin

88.2%

86.7%

87.5%

86.1%

Reconciliation of working bills

GAAP analysis and growth

$

39,801

$

20,087

$

121,139

$

89,675

Much less: stock-based compensation and associated employer payroll tax related to RSUs

(9,172)

(1,919)

(18,692)

(24,869)

Non-GAAP analysis and growth

$

30,629

$

18,168

$

102,447

$

64,806

GAAP analysis and growth as proportion of income

58.2%

46.2%

53.4%

62.9%

Non-GAAP analysis and growth as proportion of income

44.8%

41.8%

45.1%

45.4%

GAAP gross sales and advertising

$

53,527

$

30,909

$

176,479

$

105,836

Much less: stock-based compensation and associated employer payroll tax related to RSUs

(4,377)

(775)

(9,461)

(10,177)

Non-GAAP gross sales and advertising

$

49,150

$

30,134

$

167,018

$

95,659

GAAP gross sales and advertising as proportion of income

78.3%

71.1%

77.7%

74.2%

Non-GAAP gross sales and advertising as proportion of income

71.9%

69.3%

73.6%

67.1%

GAAP normal and administrative

$

17,812

$

11,974

$

76,212

$

46,845

Much less: stock-based compensation and associated employer payroll tax related to RSUs

(2,448)

(623)

(5,968)

(13,237)

Much less: direct itemizing bills

3

(1,912)

(17,952)

(1,912)

Non-GAAP normal and administrative

$

15,367

$

9,439

$

52,292

$

31,696

GAAP normal and administrative as proportion of income

26.1%

27.5%

33.6%

32.8%

Non-GAAP normal and administrative as proportion of

income

22.5%

21.7%

23.0%

22.2%

Reconciliation of working loss and working margin

GAAP loss from operations

$

(50,964)

$

(25,302)

$

(175,567)

$

(119,631)

Plus: stock-based compensation and associated employer payroll tax related to RSUs

16,132

3,330

34,431

48,386

Plus: direct itemizing bills

(3)

1,912

17,952

1,912

Non-GAAP loss from operations

$

(34,835)

$

(20,060)

$

(123,184)

$

(69,333)

GAAP working margin

(74.5)%

(58.2)%

(77.3)%

(83.9)%

Non-GAAP changes

23.5%

12.1%

23.0%

35.3%

Non-GAAP working margin

(51.0)%

(46.1)%

(54.3)%

(48.6)%

ASANA, INC.

Reconciliation of GAAP to Non-GAAP Knowledge

(In 1000’s, besides percentages and per share information)

(unaudited)

 

Three Months Ended January 31,

Twelve Months Ended January 31,

2021

2020

2021

2020

Reconciliation of internet loss

GAAP internet loss

$

(61,510

)

$

(25,245

)

$

(211,710

)

$

(118,589

)

Plus: stock-based compensation and associated employer payroll tax related to RSUs

16,132

3,330

34,431

48,386

Plus: amortization of debt low cost

6,402

49

22,357

49

Plus: non-cash curiosity

3,972

29

13,681

29

Plus: direct itemizing bills

(3

)

1,912

17,952

1,912

Non-GAAP internet loss

$

(35,007

)

$

(19,925

)

$

(123,289

)

$

(68,213

)

Reconciliation of internet loss per share

GAAP internet loss per share, fundamental

$

(0.39

)

$

(0.34

)

$

(1.99

)

$

(1.69

)

Non-GAAP changes to internet loss

0.17

0.07

0.83

0.72

Non-GAAP internet loss per share, fundamental

$

(0.22

)

$

(0.27

)

$

(1.16

)

$

(0.97

)

Weighted-average shares utilized in GAAP and non-GAAP per share calculation, fundamental and diluted

159,270

74,139

106,344

70,335

 

Three Months Ended January 31,

Twelve Months Ended January 31,

2021

2020

2021

2020

Computation of free money move

Web money offered by (utilized in) investing actions

$

(41,666

)

$

3,804

$

(158,937

)

$

12,655

Web money offered by financing actions

$

22,274

$

303,819

$

201,005

$

311,597

Web money utilized in working actions

$

(18,165

)

$

(16,097

)

$

(92,870

)

$

(40,136

)

Much less: purchases of property and gear

(22,191

)

(5,023

)

(57,344

)

(6,878

)

Much less: capitalized internal-use software program

(104

)

(82

)

(962

)

(384

)

Plus: purchases of property and gear from build-out of company headquarters

22,661

1,872

55,791

2,626

Plus: direct itemizing bills

315

167

19,427

167

Free money move

$

(17,484

)

$

(19,163

)

$

(75,958

)

$

(44,605

)

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