Workday Enterprise Management Cloud Overview
Reconciliation of GAAP to Non-GAAP Data
Three Months Ended October 31, 2021
(in thousands, except percentages and per
share data)
Costs and expenses:
GAAP
Share-Based
Compensation
Expenses
Other Operating
Expenses²
Income Tax and
Non-GAAP
Dilution Effects³
Costs of subscription services
$
200,700 $
(21,340) $
(12,859)
$
Costs of professional services
159,024
(29,105)
(1,043)
Product development
455,615
(135,591)
(2,870)
Sales and marketing
366,323
(55,645)
(9,642)
General and administrative
121,656
(39,437)
Operating income (loss)
23,945
281,118
(772)
27,186
| | | | |
$
166,501
128,876
317,154
Operating margin
1.8 %
21.2 %
2.0%
― %
Other income (expense), net
21,557
301,036
81,447
332,249
25.0 %
21,557
Income (loss) before provision for (benefit from)
income taxes
45,502
281,118
27,186
353,806
Provision for (benefit from) income taxes
2,090
65,133
67,223
Net income (loss)
$
Net income (loss) per share, basic¹
$
Net income (loss) per share, diluted¹
$
555
0.17
43,412 $
0.17 $
$
281,118
1.
2.
3.
1.10
GAAP net income per share is calculated based upon 248,468 basic and 254,760 diluted weighted-average shares of common stock. Non-GAAP net income per share is
calculated based upon 248,468 basic and 262,577 diluted weighted-average shares of common stock. The numerator used to compute non-GAAP diluted net income per
share was increased by $1.3 million for after-tax interest expense on our convertible senior notes in accordance with the if-converted method.
Other operating expenses include amortization of acquisition-related intangible assets of $19.7 million and employer payroll tax-related items on employee stock
transactions of $7.5 million.
We utilize a fixed long-term projected tax rate in our computation of the non-GAAP income tax provision to provide better consistency across the reporting periods. For
fiscal 2022, the projected tax rate was 19%. Included in the per share amount is a dilution impact of $0.02 from the conversion of GAAP diluted net income per share to
non-GAAP diluted net income per share.
1.10
1.13 $
$
SSS
$
27,186 $
0.11 $
0.11 $
(65,133) $
(0.26)
$
(0.28)
SSS
286,583
1.15
$View entire presentation