Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024
Cash flows from operating activities:
Net income	$ 1,347	$ 1,041
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	526	410
Amortization of deferred commissions	454	403
Stock-based compensation	1,461	1,292
Deferred income taxes	172	47
Other	43	(31)
Changes in operating assets and liabilities, net of effect of business combinations:
Accounts receivable	740	727
Deferred commissions	(462)	(461)
Prepaid expenses and other assets	(199)	(267)
Accounts payable	48	42
Deferred revenue	(713)	(355)
Accrued expenses and other liabilities	(211)	(216)
Net cash provided by operating activities	3,206	2,632
Cash flows from investing activities:
Purchases of property and equipment	(630)	(599)
Business combinations, net of cash acquired	(215)	(82)
Purchases of other intangibles	(43)	(30)
Purchases of marketable securities	(2,719)	(3,952)
Purchases of strategic investments	(1,020)	(149)
Sales and maturities of marketable securities	3,410	3,024
Other	26	25
Net cash used in investing activities	(1,191)	(1,763)
Cash flows from financing activities:
Proceeds from employee stock plans	270	237
Repurchases of common stock	(1,243)	(400)
Taxes paid related to net share settlement of equity awards	(628)	(525)
Business combination	0	(184)
Net cash used in financing activities	(1,601)	(872)
Foreign currency effect on cash, cash equivalents and restricted cash	10	(8)
Net change in cash, cash equivalents and restricted cash	424	(11)
Cash, cash equivalents and restricted cash at beginning of period	2,310	1,904
Cash, cash equivalents and restricted cash at end of period	2,734	1,893
Cash, cash equivalents and restricted cash at end of period:
Cash and cash equivalents	2,725	1,885
Restricted cash included in prepaid expenses and other current assets	9	8
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows	2,734	1,893
Supplemental disclosures of other cash flow information:
Interest paid	22	23
Income taxes paid, net of refunds	181	183
Non-cash investing and financing activities:
Property and equipment included in accounts payable, accrued expenses and other liabilities	66	49
Fair value of common stock issued for business combinations	$ 434	$ 0

ServiceNow, Inc. 10-Q