Source document: cornerstone-ondemand-inc_2019

Question: What were the company's cash flows from operating activities influenced by?
Facts: our growth, ability to maintain our contractual billing and collection terms, and our investments in headcount and infrastructure to support anticipated growth.
Answer: our growth, ability to maintain our contractual billing and collection terms, and our investments in headcount and infrastructure to support anticipated growth.

Question: What was the net cash provided by operating activities in 2017?
Facts: $67,510
Answer: $67,510 thousand

Question: What was the net cash provided by financing activites in 2019?
Facts: 14,775
Answer: 14,775 thousand

Question: What was the average net cash provided by operating activities from 2017-2019?
Facts: 115,549; 67,510; 90,253
Derivation: ($115,549+$90,253+$67,510)/(2019-2017+1)
Answer: 91104 thousand

Question: What is the percentage change in Net cash used in investing activities between 2018 and 2019?
Facts: 20,876; 97,727
Derivation: (-97,727-(-20,876))/(-20,876)
Answer: 368.13 percent

Question: What is the percentage change in net cash provided by operating activities between 2017 and 2018?
Facts: 67,510; 90,253
Derivation: ($90,253-$67,510)/$67,510
Answer: 33.69 percent

Question: What was the company's equity ownership in Talespin, Inc?
Facts: approximately 13%
Answer: approximately 13%

Question: How much was the company's investment in Talespin, Inc?
Facts: $8.0 million
Answer: $8.0 million

Question: How much was the non-marketable investments accounted for using the equity method in 2019?
Facts: 8,000
Answer: 8,000 thousand

Question: What is the percentage change of the investments accounted for at cost, adjusted for observable price changes between 2018 and 2019?
Facts: 1,250; 1,750
Derivation: ($1,750-$1,250)/$1,250
Answer: 40 percent

Question: What percentage of total non-marketable investments were accounted for using the equity method in 2019?
Facts: 8,000; 9,750
Derivation: (8,000/$9,750)
Answer: 82.05 percent

Question: What is the change in total non-marketable investments between 2018 and 2019?
Facts: 1,250; 9,750
Derivation: ($9,750-$1,250)
Answer: 8500 thousand

Question: Why did gross margin improve between 2018 and 2019?
Facts: The improvement in gross margin was primarily due to a higher mix of subscription revenue, which carries a higher gross margin
Answer: The improvement in gross margin was primarily due to a higher mix of subscription revenue, which carries a higher gross margin

Question: What was the cost of revenue in 2019?
Facts: $149,215
Answer: $149,215 thousand

Question: What was the gross profit in 2019?
Facts: $427,308
Answer: $427,308 thousand

Question: What was the change in cost of revenue between 2017 and 2018?
Facts: 142,867; 144,349
Derivation: ($144,349-$142,867)
Answer: 1482 thousand

Question: What was the percentage change in gross profit between 2018 and 2019?
Facts: 393,542; 427,308
Derivation: ($427,308-$393,542)/$393,542
Answer: 8.58 percent

Question: What was the change in gross margin between 2018 and 2019?
Facts: 73.2; 74.1
Derivation: (74.1%-73.2%)
Answer: 0.9 percent

Question: What was the weighted average grant date fair value of RSUs during 2019?
Facts: $55.69
Answer: $55.69

Question: What was the number of granted shares?
Facts: 1,589
Answer: 1,589 thousand

Question: What was the unrecognized compensation expense related to unvested RSUs in 2019?
Facts: $127.2 million
Answer: $127.2 million

Question: What is the change in number of unvested shares between 2018 and 2019?
Facts: 3,756; 4,117
Derivation: (3,756-4,117)
Answer: -361 thousand

Question: What is the difference in weighted-average grant date fair value between granted and forfeited shares?
Facts: 45.72; 55.69
Derivation: (55.69-45.72)
Answer: 9.97

Question: What is the difference in weighted-average grant date fair value for unvested shares in 2018 and vested shares?
Facts: 40.61; 41.94
Derivation: (41.94-40.61)
Answer: 1.33

Question: Which date's opening accumulated deficit balance did the company's misstatement affect?
Facts: January 1, 2018
Answer: January 1, 2018

Question: What was the total current assets as previously reported?
Facts: 573,035
Answer: 573,035 thousand

Question: What were the total assets as revised?
Facts: 818,226
Answer: 818,226 thousand

Question: What was the total adjustment of total current assets and total assets?
Facts: 1,064; 11,070
Derivation: 1,064+11,070
Answer: 12134 thousand

Question: What was the sum of deferred commissions, current portion and total current assets as previously reported?
Facts: 24,467; 573,035
Derivation: $24,467+573,035
Answer: 597502 thousand

Question: What was accrued expenses as revised as a percentage of total liabilities and stockholders' equity?
Facts: 70,065; 818,226
Derivation: (70,065/818,226)
Answer: 8.56 percent

Question: As of December 31, 2019, how long was the weighted-average maturity date of the Company's investment in corporate bonds and US treasury securities?
Facts: approximately five months.
Answer: approximately five months.

Question: What was the total amortized cost of money market funds?
Facts: 129,321
Answer: 129,321 thousand

Question: What was the total amortized cost of corporate bonds?
Facts: 58,115
Answer: 58,115 thousand

Question: What was the sum of amortized cost of corporate bonds and US treasury securities?
Facts: 138,826; 58,115
Derivation: 58,115+138,826
Answer: 196941 thousand

Question: What percentage of total fair value of cash and cash equivalents consists of cash?
Facts: 183,596; 54,275
Derivation: (54,275/183,596)
Answer: 29.56 percent

Question: What percentage of total unrealized losses for short-term investments consist of corporate bonds?
Facts: 182; 82
Derivation: (82/182)
Answer: 45.05 percent

Question: What was the company's bad debt expense for the year ending December 31, 2018?
Facts: $0.8 million
Answer: $0.8 million

Question: What was the beginning balance in January 1 2019?
Facts: $2,429
Answer: $2,429 thousand

Question: What was the ending balance in December 31 2017?
Facts: $7,478
Answer: $7,478 thousand

Question: What is the change in additions and adjustments between 2017 and 2018?
Facts: 1,691; 7,680
Derivation: (1,691-7,680)
Answer: -5989 thousand

Question: What is the average year-on-year change for Additions and adjustments from 2017-2019? 
Facts: 1,074; 1,691; 7,680
Derivation: ((1,074-1,691)/1,691+(1,691-7,680)/7,680)/2
Answer: -57.23 percent

Question: What is the percentage change in the ending balance between 2018 and 2019?
Facts: 1,375; 2,429
Derivation: ($1,375-$2,429)/$2,429
Answer: -43.39 percent

Question: What does others, net include?
Facts: foreign exchange gains and losses related to transactions denominated in foreign currencies, as well as foreign exchange gains and losses related to our intercompany loans and certain cash accounts.
Answer: foreign exchange gains and losses related to transactions denominated in foreign currencies, as well as foreign exchange gains and losses related to our intercompany loans and certain cash accounts.

Question: What was interest income in 2017?
Facts: $2,951
Answer: $2,951 thousand

Question: What was others, net in 2019?
Facts: 84
Answer: 84 thousand

Question: What was the percentage change in Interest expense between 2017 and 2018?
Facts: 14,762; 28,176
Derivation: (-28,176-(-14,762))/(-14,762)
Answer: 90.87 percent

Question: What is the average interest income from 2017-2019?
Facts: 2,951; 7,796; 8,178
Derivation: ($8,178+$7,796+$2,951)/(2019-2017+1)
Answer: 6308.33 thousand

Question: What was the percentage change in interest income between 2018 and 2019?
Facts: 7,796; 8,178
Derivation: ($8,178-$7,796)/$7,796
Answer: 4.9 percent

Question: What was the reason behind the increase of net cash provided by operating activities between 2018 and 2019?
Facts: The increase was primarily due to improved profitability, improved collections, and other working capital changes
Answer: The increase was primarily due to improved profitability, improved collections, and other working capital changes

Question: What was the net cash provided by operating activities in 2017?
Facts: $67,510
Answer: $67,510 thousand

Question: What was the free cash flow in 2019?
Facts: $72,847
Answer: $72,847 thousand

Question: What was the average net cash provided by operating activities from 2017-2019?
Facts: 115,549; 67,510; 90,253
Derivation: ($115,549+$90,253+$67,510)/(2019-2017+1)
Answer: 91104 thousand

Question: What was the change in free flow cash margin between 2017 and 2018?
Facts: 8.3; 9.3
Derivation: (9.3%-8.3%)
Answer: 1 percent

Question: What was the change in free cash flow between 2018 and 2019?
Facts: 49,843; 72,847
Derivation: ($72,847-$49,843)
Answer: 23004 thousand

Question: What was the company's federal net operating losses in 2019?
Facts: $256.8 million
Answer: $256.8 million

Question: What was the company's state net operating losses in 2019?
Facts: $275.5 million
Answer: $275.5 million

Question: What was the Deferred tax assets, net of valuation allowance in 2019?
Facts: 33,302
Answer: 33,302 thousand

Question: What is the percentage change in Stock-based compensation between 2018 and 2019?
Facts: 15,172; 15,398
Derivation: (15,398-15,172)/15,172
Answer: 1.49 percent

Question: What is the percentage change in Deferred revenue between 2018 and 2019?
Facts: 2,861; 3,258
Derivation: (3,258-2,861)/2,861
Answer: 13.88 percent

Question: What percentage of total deferred tax assets consist of accrued expenses in 2018?
Facts: 129,907; 2,353
Derivation: (2,353/129,907)
Answer: 1.81 percent

Question: Why did sales and marketing expenses increase between 2018 and 2019?
Facts: the 2018 Reallocation, increased cost efficiency, and leverage realized from changes to our sales commission plans as we continued our efforts to strategically scale our sales teams and improve their productivity
Answer: the 2018 Reallocation, increased cost efficiency, and leverage realized from changes to our sales commission plans as we continued our efforts to strategically scale our sales teams and improve their productivity

Question: What was the sales and marketing expense in 2017?
Facts: $240,271
Answer: $240,271 thousand

Question: What was the sales and marketing expense in 2018?
Facts: $224,635
Answer: $224,635 thousand

Question: What is the change in sales and marketing between 2018 and 2019?
Facts: 224,635; 227,733
Derivation: ($227,733-$224,635)
Answer: 3098 thousand

Question: What was the average sales and marketing expense from 2017-2019?
Facts: 224,635; 227,733; 240,271
Derivation: ($227,733+$224,635+$240,271)/(2019-2017+1)
Answer: 230879.67 thousand

Question: What was the change in percent of revenue between 2018 and 2019?
Facts: 39.5; 41.8
Derivation: (39.5%-41.8%)
Answer: -2.3 percent

Question: What is the principal objective of the company's investments?
Facts: capital preservation and maintaining liquidity sufficient to meet cash flow requirements.
Answer: capital preservation and maintaining liquidity sufficient to meet cash flow requirements.

Question: What was the fair value amount of cash?
Facts: $67,818
Answer: $67,818 thousand

Question: What was the fair value of corporate bonds?
Facts: 1,000
Answer: 1,000 thousand

Question: What percentage of fair value total cash equivalents consist of agency bonds?
Facts: 148,089; 6,485
Derivation: (6,485/148,089)
Answer: 4.38 percent

Question: What percentage of total unrealised gains for short-term investments consist of US treasury securities?
Facts: 189; 62
Derivation: (62/189)
Answer: 32.8 percent

Question: What is the total amortized cost of agency bonds and corporate bonds?
Facts: 6,485; 9,609
Derivation: 6,485+9,609
Answer: 16094 thousand

Question: What was the depreciation expenses for 2018?
Facts: $10.2 million
Answer: $10.2 million

Question: What was the depreciation expense for 2017?
Facts: $10.3 million
Answer: $10.3 million

Question: What is the useful life of furniture and fixtures?
Facts: 7 years
Answer: 7 years

Question: What is the change in computer equipment and software between 2018 and 2019?
Facts: 52,055; 57,474
Derivation: ($57,474-$52,055)
Answer: 5419 thousand

Question: What is the change in furniture and fixtures between 2018 and 2019?
Facts: 4,367; 6,096
Derivation: (6,096-4,367)
Answer: 1729 thousand

Question: What percentage of total property and equipment, gross consist of leasehold improvements in 2018?
Facts: 119,451; 9,987
Derivation: (9,987/119,451)
Answer: 8.36 percent

Question: Why did research and development expenses increase between 2018 and 2019?
Facts: The increase was principally due to the 2018 Reallocation of headcount from sales and marketing to research and development, as well as investments
Answer: The increase was principally due to the 2018 Reallocation of headcount from sales and marketing to research and development, as well as investments

Question: How much were employee-related costs between 2017 and 2018?
Facts: $12.1 million
Answer: $12.1 million

Question: What was the percentage of revenue of research and development in 2018?
Facts: 14.3%
Answer: 14.3%

Question: What was the change in percentage of revenue of research and development between 2017 and 2018?
Facts: 12.9; 14.3
Derivation: (14.3%-12.9%)
Answer: 1.4 percent

Question: What is the average year-on-year increase in Research and development from 2017 to 2019?
Facts: 101,151; 61,975; 76,981
Derivation: (($101,151-$76,981)/$76,981+($76,981-$61,975)/$61,975)/2
Answer: 27.81 percent

Question: What was the average research and development from 2017-2019?
Facts: 101,151; 61,975; 76,981
Derivation: ($101,151+$76,981+$61,975)/(2019-2017+1)
Answer: 80035.67 thousand

Question: What are the company's principal commitments?
Facts: obligations for outstanding debt, leases for our office space, contractual commitments for professional service projects, and third-party consulting firms.
Answer: obligations for outstanding debt, leases for our office space, contractual commitments for professional service projects, and third-party consulting firms.

Question: What were the operating lease obligations for periods more than 5 years?
Facts: 10,825
Answer: 10,825 thousand

Question: What was the software subscription and other contractual obligations for periods less than 1 year?
Facts: 12,371
Answer: 12,371 thousand

Question: What is the sum of total operating lease obligations and Long-term debt obligations including interest?
Facts: 334,500; 82,895
Derivation: 82,895+$334,500
Answer: 417395 thousand

Question: What is the percentage of the total obligations that consists of software subscription and other contractual obligations?
Facts: 18,726; 436,121
Derivation: (18,726/436,121)
Answer: 4.29 percent

Question: What is the percentage of the total obligations that consists of payments due in 1-3 years?
Facts: 371,015; 436,121
Derivation: (371,015/436,121)
Answer: 85.07 percent

Question: Why has the company incurred liabilities for foreign income taxes?
Facts: Certain foreign subsidiaries and branches of the Company provide intercompany services and are compensated on a cost-plus basis
Answer: Certain foreign subsidiaries and branches of the Company provide intercompany services and are compensated on a cost-plus basis

Question: What is the provision for State income tax in 2018?
Facts: 204
Answer: 204 thousand

Question: What is the provision for Foreign income tax in 2019?
Facts: 2,467
Answer: 2,467 thousand

Question: What percentage of total current income tax provision consist of State income tax provisions in 2019?
Facts: 2,692; 225
Derivation: (225/2,692)
Answer: 8.36 percent

Question: What is the percentage change in state income tax provision between 2017 and 2018?
Facts: 114; 204
Derivation: (204-114)/114
Answer: 78.95 percent

Question: What is the change in foreign income tax provision between 2018 and 2019?
Facts: 2,467; 2,514
Derivation: (2,467-2,514)
Answer: -47 thousand

Question: What was the weighted-average grant date fair value of PRSUs granted in 2017?
Facts: $41.73
Answer: $41.73

Question: What was the unrecognized compensation expense related to unvested PRSUs in 2019?
Facts: $16.9 million
Answer: $16.9 million

Question: What was the weighted-average grant date fair value of PRSUs granted in 2018?
Facts: $40.53
Answer: $40.53

Question: What is the difference in weighted-average grant date fair value between granted and forfeited shares?
Facts: 41.29; 56.74
Derivation: (56.74-41.29)
Answer: 15.45

Question: What is the sum of number of unvested shares in 2018 and number of granted shares?
Facts: 1,924; 390
Derivation: (1,924+390)
Answer: 2314 thousand

Question: What is the change in number of unvested shares between 2018 and 2019?
Facts: 1,752; 1,924
Derivation: (1,752-1,924)
Answer: -172 thousand