Company: VEEV
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001393052-25-000022
Chunk: 182

Company: VEEVA SYSTEMS INC
Filing Date: 2025-03-24
Form: 10-K
Item: Item 1A
Chunk 182
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1,996,878)Maturities and sales of short-term investments1,902,349 1,647,813 1,002,707 Long-term assets(20,519)(26,196)(13,512)Net cash used in investing activities(700,138)(1,076,351)(1,007,683)Cash flows from financing activitiesProceeds from exercise of common stock options105,538 62,687 43,654 Taxes paid related to net share settlement of equity awards(79,423)(78,875)(63,030)Net cash provided by (used in) financing activities26,115 (16,188)(19,376)Effect of exchange rate changes on cash, cash equivalents, and restricted cash(1,735)(1,780)(4,986)Net change in cash, cash equivalents, and restricted cash414,293 (182,980)(251,575)Cash, cash equivalents, and restricted cash at beginning of period706,670 889,650 1,141,225 Cash, cash equivalents, and restricted cash at end of period$1,120,963 $706,670 $889,650 Cash, cash equivalents, and restricted cash at end of period:Cash and cash equivalents$1,118,785 $703,487 $886,465 Restricted cash included in other long-term assets2,178 3,183 3,185 Total cash, cash equivalents, and restricted cash at end of period$1,120,963 $706,670 $889,650 Supplemental disclosures of other cash flow information:Cash paid for income taxes, net of refunds$322,048 $134,473 $167,952 Excess tax benefits from employee stock plans$8,932 $71,049 $82,009 

See Notes to Consolidated Financial Statements.

Veeva Systems Inc. | Form 10-K54

Table of Contents

VEEVA SYSTEMS INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 1. Summary of Business and Significant Accounting Policies 

Description of BusinessVeeva is the leading provider of industry cloud solutions for the global life sciences industry. Our offerings span cloud software, data, and business consulting and are designed to meet the unique needs of our customers and their most strategic business functions—from research and development (R&D) through commercialization. Our solutions help