Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
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Apr. 30, 2015
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Apr. 30, 2014
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Cash flows from operating activities | ||
Net income | $ 12,982us-gaap_NetIncomeLoss | $ 7,221us-gaap_NetIncomeLoss |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 1,024us-gaap_DepreciationAndAmortization | 930us-gaap_DepreciationAndAmortization |
Amortization of premiums on short-term investments | 763us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments | 312us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments |
Stock-based compensation | 4,799us-gaap_AllocatedShareBasedCompensationExpense | 3,256us-gaap_AllocatedShareBasedCompensationExpense |
Bad debt expense (recovery) | (7)us-gaap_AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease | 28us-gaap_AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease |
Changes in operating assets and liabilities: | ||
Accounts receivable | 23,536us-gaap_IncreaseDecreaseInAccountsReceivable | (2,812)us-gaap_IncreaseDecreaseInAccountsReceivable |
Income taxes | 2,862us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable | (2,678)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable |
Other current and long-term assets | 33us-gaap_IncreaseDecreaseInOtherOperatingAssets | (1,861)us-gaap_IncreaseDecreaseInOtherOperatingAssets |
Accounts payable | (760)us-gaap_IncreaseDecreaseInAccountsPayable | 912us-gaap_IncreaseDecreaseInAccountsPayable |
Accrued expenses and other current liabilities | (1,336)us-gaap_IncreaseDecreaseInAccruedLiabilities | 5,318us-gaap_IncreaseDecreaseInAccruedLiabilities |
Deferred revenue | (2,197)us-gaap_IncreaseDecreaseInDeferredRevenue | 7,492us-gaap_IncreaseDecreaseInDeferredRevenue |
Other long-term liabilities | 92us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities | 12us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities |
Net cash provided by operating activities | 41,791us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 18,130us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
Cash flows from investing activities | ||
Purchases of short-term investments | (100,837)us-gaap_PaymentsToAcquireAvailableForSaleSecurities | (135,116)us-gaap_PaymentsToAcquireAvailableForSaleSecurities |
Maturities and sales of short-term investments | 47,744us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities | 3,867us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities |
Purchases of property and equipment | (4,710)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (299)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
Acquisitions, net of cash acquired | (9,987)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired | |
Capitalized internal-use software development costs | (22)us-gaap_PaymentsForSoftware | (220)us-gaap_PaymentsForSoftware |
Payments for restricted cash and deposits | 1us-gaap_IncreaseDecreaseInRestrictedCash | (3)us-gaap_IncreaseDecreaseInRestrictedCash |
Net cash used in investing activities | (67,811)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (131,771)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
Cash flows from financing activities | ||
Proceeds from early exercise of common stock options | 8veev_ProceedsFromStockOptionsEarlyExercised | |
Proceeds from exercise of common stock options | 1,162us-gaap_ProceedsFromStockOptionsExercised | 685us-gaap_ProceedsFromStockOptionsExercised |
Net proceeds from offerings | 34,994us-gaap_ProceedsFromIssuanceOrSaleOfEquity | |
Restricted stock units acquired to settle employee tax withholding liability | (4)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation | |
Excess tax benefits from employee stock plans | 3,169us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 4,379us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities |
Net cash provided by financing activities | 4,335us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 40,058us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
Effect of exchange rate changes on cash and cash equivalents | (7)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | (36)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents |
Net change in cash and cash equivalents | (21,692)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (73,619)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
Cash and cash equivalents at beginning of period | 129,253us-gaap_CashAndCashEquivalentsAtCarryingValue | 262,507us-gaap_CashAndCashEquivalentsAtCarryingValue |
Cash and cash equivalents at end of period | 107,561us-gaap_CashAndCashEquivalentsAtCarryingValue | 188,888us-gaap_CashAndCashEquivalentsAtCarryingValue |
Supplemental disclosures of other cash flow information: | ||
Cash paid for income taxes, net of refunds | 2,642us-gaap_IncomeTaxesPaidNet | 3,918us-gaap_IncomeTaxesPaidNet |
Non-cash investing and financing activities: | ||
Changes in accounts payable and accrued liabilities related to property and equipment purchases | 2,482veev_IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid | 69veev_IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid |
Vesting of early exercised stock options | 17veev_VestingOfEarlyExercisedStockOptions | 119veev_VestingOfEarlyExercisedStockOptions |
Offering costs not yet paid | $ 515veev_InitialPublicOfferingCostsIncurredButNotYetPaid |
X | ||||||||||
- Definition
The sum of the periodic adjustments of the differences between securities' face values and purchase prices that are charged against earnings. This is called accretion if the security was purchased at a discount and amortization if it was purchased at premium. As a noncash item, this element is an adjustment to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in the allowance for doubtful accounts. No definition available.
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The increase (decrease) during the reporting period, excluding the portion taken into income, in the liability reflecting revenue yet to be earned for which cash or other forms of consideration was received or recorded as a receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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X | ||||||||||
- Definition
The increase (decrease) during the reporting period in other noncurrent operating liabilities not separately disclosed in the statement of cash flows. No definition available.
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X | ||||||||||
- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The cash outflow associated with the development, modification or acquisition of software programs or applications for internal use (that is, not to be sold, leased or otherwise marketed to others) that qualify for capitalization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of cash outflow to satisfy an employee's income tax withholding obligation as part of a net-share settlement of a share-based award. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash outflow to acquire debt and equity securities not classified as either held-to-maturity securities or trading securities which would be classified as available-for-sale securities and reported at fair value, with unrealized gains and losses excluded from earnings and reported in a separate component of shareholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash inflow from the issuance of common stock, preferred stock, treasury stock, stock options, and other types of equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash inflow associated with the sale or maturity (principal being due) of securities not classified as either held-to-maturity securities or trading securities which are classified as available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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X | ||||||||||
- Definition
Increase decrease in capital expenditures incurred but not yet paid. No definition available.
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X | ||||||||||
- Definition
Initial public offering costs incurred but not yet paid. No definition available.
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X | ||||||||||
- Definition
Proceeds from stock options early exercised. No definition available.
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X | ||||||||||
- Definition
Vesting of early exercised stock options. No definition available.
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