What is the primary purpose of this 8-K/A filing?

The primary purpose of this 8-K/A filing is to provide the audited and unaudited financial statements of Adaptive Insights, the company acquired by Workday, and pro forma combined financial information. This amendment ensures that all required financial disclosures related to the acquisition are properly filed with the SEC.

What specific financial information is being provided about Adaptive Insights?

The filing includes the audited consolidated financial statements of Adaptive Insights for the fiscal year ended January 31, 2018, and the unaudited condensed consolidated financial statements for the three months ended April 30, 2018. This covers both annual and interim periods preceding the filing.

What is 'Pro Forma Financial Information' and why is it important?

Pro forma financial information presents the combined financial position and results of operations of Workday and Adaptive Insights as if the acquisition had occurred at an earlier date. It's important for investors as it helps them understand the potential financial impact of the acquisition on Workday's consolidated financial statements and how the combined entity might perform.

Does this filing change Workday's previously reported financial results?

This filing primarily provides historical financial statements of the acquired entity (Adaptive Insights) and pro forma combined statements. It does not retroactively change Workday's previously reported historical financial results for its own operations. However, it provides the necessary components for future consolidated reporting that will include Adaptive Insights.

WDAY 8-K SEC Disclosure

Summary

This 8-K/A filing from Workday, Inc. (WDAY) serves as an amendment to a previous filing, primarily to provide the necessary financial statements and exhibits related to the acquisition of Adaptive Insights. For investors, the key takeaway is the formal inclusion of audited and unaudited financial statements for Adaptive Insights as of and for periods ending January 31, 2018, and April 30, 2018, respectively. This filing also includes unaudited pro forma condensed combined financial information, offering a clearer picture of the combined entity's financial position and performance post-acquisition. The inclusion of these financial details is crucial for investors to assess the financial impact of the Adaptive Insights acquisition on Workday's overall financial statements. It allows for a more comprehensive understanding of the acquired business's performance and how it integrates into Workday's reporting structure, which is essential for valuation and future performance analysis.

Key Highlights

1Formal filing of Audited Consolidated Financial Statements for Adaptive Insights as of and for the fiscal year ended January 31, 2018.
2Inclusion of Unaudited Condensed Consolidated Financial Statements for Adaptive Insights as of and for the three months ended April 30, 2018.
3Presentation of Unaudited Pro Forma Condensed Combined Financial Information for Workday, reflecting the acquisition's impact.
4The filing provides updated and complete financial data related to the previously announced Adaptive Insights acquisition.
5These exhibits are incorporated by reference into the 8-K/A filing, making them officially part of Workday's public disclosure for this period.
6The filing confirms the regulatory requirements for disclosing financial information of acquired entities are being met.

Workday, Inc. 8-K/A Report, Exhibit Filing (Oct 15, 2018)

Summary

Key Highlights

Frequently Asked Questions