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Slack Technologies, Inc. (WORK)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsJan-31-21Jan-31-20Jan-31-19Jan-31-18Jan-31-17
   10-K10-K10-K10-KS-1/A
Revenues:  
    United States  554.5394.7255.2144.769.1
    International  348.1235.7145.475.836.0
Total revenues  902.6630.4400.6220.5105.2
            Revenue growth   [+]43.2%57.4%81.6%109.7% 
Cost of goods sold  121.797.251.326.415.5
Gross profit  780.9533.2349.3194.289.6
            Gross margin  86.5%84.6%87.2%88.0%85.2%
Selling, general and administrative   [+]681.9664.1345.9196.7141.5
Research and development  382.1457.4157.5141.496.7
EBITDA   [+]-254.3-561.2-137.4-129.5-141.7
            EBITDA margin  -28.2%-89.0%-34.3%-58.7%-134.8%
Depreciation  22.822.915.013.86.8
EBITA  -277.1-584.1-152.4-143.4-148.5
            EBITA margin  -30.7%-92.6%-38.0%-65.0%-141.2%
Amortization of intangibles  6.04.21.80.5 
EBIT   [+]-283.1-588.3-154.2-143.9-148.5
            EBIT margin  -31.4%-93.3%-38.5%-65.2%-141.2%
Interest expense  38.10.90.4  
Other income (expense), net  28.421.416.64.61.7
Pre-tax income  -292.8-567.8-138.1-139.3-146.8
Income taxes  -0.30.60.80.80.2
            Tax rate  0.1%    
Minority interest  7.92.71.80.00.0
Net income  -300.4-571.1-140.7-181.0-146.9
            Net margin  -33.3%-90.6%-35.1%-82.1%-139.7%
   
Basic EPS   [+]($0.53)($1.43)($1.16)($1.47) 
Diluted EPS   [+]($0.53)($1.43)($1.16)($1.47) 
   
Shares outstanding (basic)   [+]567.2399.5121.7122.9 
Shares outstanding (diluted)   [+]567.2399.5121.7122.9 
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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