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first_imgShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/887339/jc-house-refurbishment-alventosa-morell-arquitectes Clipboard Houses Manufacturers: Fachadas Alamo, METCOR, Nix ProfustaStructure:Diagonal ArquitecturaCity:BarcelonaCountry:SpainMore SpecsLess SpecsSave this picture!© Adrià GoulaINTRODUCTIONThe clients needed a small restoration of a house built in 1983 and, specially, the creation of a new space to work.Save this picture!SiteThe building was very badly adapted to the land, the original topography. It was divided into two platforms separated by a retaining wall of 6 metres height. This wall generates a very important visual impact and provokes the isolation of two platforms.Save this picture!© Adrià GoulaThe building was very badly adapted to the land, the original topography. It was divided into two platforms separated by a retaining wall of 6 metres height. This wall generates a very important visual impact and provokes the isolation of two platforms.Save this picture!© Adrià GoulaOn the inferior level there was a garden and a swimming pool in a bad condition. Although the exterior space had many possibilities to enjoy it, it was completely separated from the house by retaining wall and the two platforms were communicated by a simple stair not facilitating their use.Els clients necessitaven una petita reforma d’una casa existent construïda l’any 1983 i, sobretot, una ampliació per a poder tenir un nou espai de treball.Save this picture!© Adrià GoulaTHE PROJECT’S PRIMARY GOALSThe aim of the project was to completely rehabilitate the building, adapting it to the clients’ requirements.The program set out to solve the segregation between the two platforms, creating a new connection with the main garden, that could decrease the visual impact of the retailing wall at the same time; and also generating a new space to work.To achieve this transformation we have designed a light metallic stair that is separated of the retaining wall, generating a new level between the two platforms, where we have situated the new space to work.This new space is a volume made of wood that changes the vision of the retaining wall, and creates three new spaces in addition:Save this picture!© Adrià Goula• A new terrace at the level of the original house, that changes the use of the previous narrow one. • A new wooden volume, situated in the middle of the two old levels, creating a new studio directly opened to the main garden. It is an autonomous element and bioclimatic which it means, that it does not need heating or refrigeration. Such space is justified by its relative litheness and the desire to establish a provoking dialogue with the original structures. • A new frame, a portico, situated at the level of the inferior garden, where the swimming pool is. This space allows clients the possibility to enjoy of a sunny terrace.Save this picture!© Adrià Goula3.- A NEW ROUTEThe new access to the main house is designed as a protruding balcony made by a simple rectangular angle iron that supports the galvanized rebar in order to generate a new exterior space full of nuances of shadows; and another more positive vision of the retaining wall.Save this picture!© Adrià GoulaOn the contrary, the new space to work is a compact wooden volume, separated from the inferior level by a metallic structure. It is built with the frame System and the wooden slats of the facade provides a screen for preserving privacy, while also serving as solar protection in the summertime.Save this picture!© Adrià GoulaAll in all, with a simple volume and the simplicity of a new connection between the different levels of the plot we have achieved the total renovation of the previous building, and also got a pleasant house to live.Project gallerySee allShow lessFoster + Partners Designs Lakeside Headquarters for the PGA TourArchitecture NewsZaha Hadid Architects Unveil Mixed-Use Public Square Scheme for Vauxhall Cross Islan…Unbuilt Project Share ArchDaily JC House Refurbishment / Alventosa Morell Arquitectes 2017 Save this picture!© Adrià Goula+ 20Curated by Danae Santibañez Share Manufacturers Brands with products used in this architecture project Year:  Spain ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/887339/jc-house-refurbishment-alventosa-morell-arquitectes Clipboard Area:  118 m² Year Completion year of this architecture project “COPY” “COPY” Architects: Alventosa Morell Arquitectes Area Area of this architecture project CopyHouses, Renovation•Barcelona, Spain Projects JC House Refurbishment / Alventosa Morell ArquitectesSave this projectSaveJC House Refurbishment / Alventosa Morell Arquitectes CopyAbout this officeAlventosa Morell ArquitectesOfficeFollowProductsWoodSteel#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesRefurbishmentRenovationBarcelonaSpainPublished on January 19, 2018Cite: “JC House Refurbishment / Alventosa Morell Arquitectes ” [Reforma y ampliación de la casa JC / Alventosa Morell Arquitectes ] 19 Jan 2018. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogAluminium CompositesTechnowoodHow to Design a Façade with AluProfile Vertical ProfilesSynthetics / AsphaltMitrexSolar RoofMetal PanelsAurubisCopper Alloy: Nordic RoyalPlumbingSanifloGreywater Pump – Sanifast®SWH190WoodLunawoodInterior ThermowoodMembranesEffisusAVCL Systems for FacadesSinksCosentinoBathroom Collection – Silestone® WashbasinsDoorsStudcoPocket Door Trims – CavKitWoodStructureCraftEngineering – Architectural & FreeformMetal PanelsRHEINZINKPanel Surface Finish – prePATINA-LineHanging LampsEureka LightingSuspended Lights – BloomMetallicsBaileyFacade Systems- I-Line Snap-On Feature ChannelMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more


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first_imgExplosion on the Transcanada Pipeline at Nixon Ridge in West Virginia, June 7.By Stephanie TromblayHuron/Metis nonstatus &Tsalagi heritage unenrolledA fireball shooting up from an exploding natural gas pipeline in Moundsville, West Virginia, on June 7 was seen as far away as western Pennsylvania. (Pennsylvania Real-Time News)When TransCanada’s Columbia natural gas pipeline blew up at 4:15 a.m., the explosion lit up the sky for miles. Marshall County emergency management director Tom Hart received calls from throughout three area counties of residents’ visual reports.TransCanada shut down the Columbia Gas Transmission’s Leach Xpress Pipeline and legally declared pipeline delivery contracts in failure. The 160-mile, 36-inch-diameter pipeline had only recently entered service on Jan. 1, 2018.TransCanada is infamous for many similar blowouts on its TransCanada pipeline in western Canada. The corporation is the fossil fuel giant pushing to build the Keystone XL and Potomac pipelines against widespread opposition.Keystone XL is planned to carry tar sands oil from Alberta, Canada, across the Plains to the Gulf for export.Its route would run through the precious Sandhills habitat, across many Indigenous sacred and burial sites, and through prime farmland—all of which would be threatened with destruction.Indigenous communities joined by white farmers and ranchers in the Cowboy-Indian Alliance protested against the KXL pipeline from Lincoln, Neb., to Washington, D.C. This struggle stopped KXL in 2015, but it has been restarted by a 2017 permit greenlight from the Trump administration.“The fight to kill the Keystone XL pipeline begins anew — and Donald Trump should expect far greater resistance than ever before,” said Dallas Goldtooth for the Indigenous Environmental Network. “We’ve stopped the toxic Keystone XL Pipeline once and we will do it again.” (www.cbc.ca)Goldtooth continued: “We hope that everyone around the world who stood with Standing Rock [on the Dakota Access Pipeline] will continue to stand with us and all the tribes as we continue to fight these dangerous and short-sighted infrastructure projects that serve only the interests of billionaires.”TransCanada plans for the Potomac pipeline to run under the Potomac River and the Chesapeake and Ohio Canal and carry natural gas from Pennsylvania to West Virginia. A leak on the Potomac pipeline would foul the drinking water not just of residents of the District of Columbia, but also of the millions who live in the potentially affected area.Indigenous women leaders inspire resistanceThe Indigenous women leaders of the KXL water protectors inspired youth from Standing Rock. The youth returned home to kick off the powerful struggle against the Dakota Access Pipeline (DAPL) at Standing Rock reservation. These included the youth making long distance runs to broadcast the threat of DAPL to the drinking water of the Missouri and Mississippi rivers.Indigenous women built the struggle of the Lakota/Dakota/Nakota Nation against DAPL. The struggle was joined by thousands of Indigenous people and supporters from all over Great Turtle Island and beyond. The water protectors faced brutal repression by county and state cops from many states, the National Guard and illegal mercenary thugs.This was a fight to protect Standing Rock’s “Winters Rights” — guaranteed by the 1908 Supreme Court case Winters v. United States — to, and to protection of, clean water needed by the reservation. Many of those arrested during the assault by the state and corporate thugs are still facing trial dates and further repression.After Trump’s inauguration, Energy Transfer Partners got final approval to finish DAPL. Now millions of gallons of crude oil from western North Dakota are flowing under the Missouri to a pipeline in Illinois to refineries in the Gulf of Mexico for export. A Missouri spill would destroy clean water for Standing Rock and 18,000,000 people downstream.The U.S. is densely crisscrossed with fossil fuel pipelines, and pipelines corrode and rupture. There are about two pipeline incidents a day in the U.S. (tinyurl.com/y9bml2zw) And Big Oil never totally cleans up spills — from Deepwater Horizon in the Gulf of Mexico to Exxon Valdez in Alaska.Spills, leaks and petrochemical explosions damage the environment — the waters, the air, the land — as well as habitats, wildlife, and people’s health. All humanity and all species are threatened by global warming, which is a result of the use of fossil fuels. More pipelines are not needed. Stopping global warming will require transition out of the fossil-fuel economy.Clean water is a human right. Water is Life!FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more


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first_imgFacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this Feb. 4 — Yes, it was January, and cold weather was to be expected in much of the United States. In addition, the forecasters had warned for days that an arctic blast was about to hit much of the country. There was plenty of time to prepare for it — to provide the means for all the people of this very rich capitalist country to be protected from the “polar vortex” to come.Protecting the people: Isn’t that the excuse given for the hundreds of billions of tax dollars spent on “national defense”? But at least 21 individuals are reported to have died directly from the cold. Most of them were homeless, trying to survive in tents and even cardboard boxes. One community of homeless people living in tents in Chicago had their little propane stoves confiscated by the police because of “fire danger.” Did that make them any safer, when the temperature dipped far below zero degrees Fahrenheit?A report issued in December 2018 by the Department of Housing and Urban Development found that last year about 553,000 people were homeless on an average day in the U.S. Of those, about two-thirds were living in shelters of some kind, leaving almost 200,000 living “rough.” Another shocking fact is that millions of houses are standing empty. In February 2014, even as approximately 600,000 people were homeless, there were roughly 18,600,000 vacant homes in the U.S. (National Alliance to End Homelessness)This during a period when the economy is supposedly strong and the two richest people in the world, both of them in the U.S. — Jeff Bezos of Amazon and Bill Gates of Microsoft — have a combined net worth of more than $267 billion!In jail and freezingIt’s bad enough trying to survive on the street. How about when you’re locked up behind bars without warm clothing or blankets and the temperatures in the jail drop below freezing?Hundreds of inmates at a federal jail in New York City are still, days after the icy blast ended, without adequate heat and electricity. The Metropolitan Detention Center in Brooklyn — across the river from the Wall Street financial hub where enormous sums of money are traded daily — has been cold and dark for more than a week. A breakdown in the heating system has not been fully repaired and a lockdown means the prisoners can’t even call their loved ones. Word of the freezing conditions inside finally leaked out, leading to a demonstration outside the jail on Feb. 3. Desperate prisoners pounded on barred windows in response to chants from their relatives and supporters. When some relatives tried to enter the building, they were pepper sprayed by jail police.This federal prison is owned and operated by the U.S. government, whose president keeps demanding billions of dollars to build a racist wall on the Mexican border, but has no word to spare for homeless people within the U.S., and only bigoted words for the refugee and migrant families seeking shelter from chaos engineered by U.S. capitalism. Growing crisis of climate changeMeanwhile, the climate is changing and the infrastructure is crumbling in ways that leave more and more people vulnerable to extreme weather events.Scientists have known for decades that the buildup of greenhouse gases in the atmosphere was leading to climate change. They have pleaded with politicians to take action. It is not ignorance that is responsible for the growing disasters.We live in an age of supercomputers and nuclear power, an age of not only material abundance but actual overproduction of goods. What is preventing the development of a plan to reorient human economic activity in order to head off and protect us from the climate disasters unfolding around the world?Don’t look for answers in the capitalist media. But the clues are there — in the financial pages. Oil continues to be the most fought-over commodity by capitalist countries. For generations it has provided fortunes and political power to a few super-rich families, whose oil and banking empires continue to run the U.S.Think about all the prominent “trouble spots” where the U.S. government has intervened politically and militarily in recent decades to protect and expand the interests of the ruling class here. Libya, Iraq, Iran and Venezuela are among the most prominent — all major oil producers. Meanwhile, the “liberal” capitalist media provide phony excuses for these imperialist wars and efforts at “regime change.”The burning of oil and coal is the biggest contributor to a warming planet and climate change. Yet the U.S. has torpedoed the 2015 Paris Agreement on climate change, which was weak but better than nothing. This didn’t happen just because of Trump, as bad as he is. It is what was wanted by the ruling class that helped put him into power.The workers of this country have the ability to change all this and pull down the exploiters who are ruining the world. The workers have the collective strength to paralyze “business as usual” and take the power away from the super-rich. But first, workers have to be able to cut through the torrent of daily propaganda and recognize who the enemy is — who is really responsible for impoverished people suffering lonely and painful deaths inside cardboard boxes, even as millionaires become billionaires.last_img read more


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first_imgRobbie Vagliohttps://www.tcu360.com/author/robbie-vaglio/ Twitter I am the executive editor of TCU 360 from Raleigh, North Carolina. If you walk by my desk in the newsroom you’ll immediately know I’m Post Malone’s biggest fan. I’m always looking for a good story to tell! If you have any story ideas, feel free to reach out! Go Panthers! TCU wants ex-professor’s discrimination suit dismissed Robbie Vagliohttps://www.tcu360.com/author/robbie-vaglio/ Linkedin ReddIt Robbie Vaglio What to watch during quarantine Another series win lands TCU Baseball in the top 5, earns Sikes conference award + posts Two students joined harassment and discrimination lawsuit against TCU Twitter Snow temporarily stepping down as honors dean printA slow start in the Frogs’ match against Northeastern proved fatal as Eric Bell’s squad was unable to dig themselves out of a 2-0 hole early in the game, suffering their first home loss of the season.The Frogs saw their comeback fall short in a 2-1 loss Friday night. The Husky goalkeeper played an important role in Northeastern’s win, saving 11 shots attempted by the Frogs on the night.The Frogs were faced with a tough task to overcome in the early minutes of the match. In the 3rd minute, a shot by Northeastern was saved by freshman goalkeeper Emily Alvarado, but Alvarado allowed the rebound to trickle in front of the net and Kerri Zerfoss took advantage of the open net, giving the Huskies a 1-0 lead.The Huskies doubled the lead in the 13th minute off a strike from the top of the box. Northeastern’s Kayla Capuzzo crossed the ball from the right corner of their attacking third to the top of the box where Hannah Lopiccolo was waiting and blasted the ball into the upper corner of the net.“This was a situation where they were ready to play at the beginning of the game and we didn’t come out the way that we needed to,” Bell said. “We gave up two quick goals and had to battle back. That being said, I thought we did better as the game went on.”From that point, after junior forward McKenzie Oliver was subbed in, the Frogs amped up the pressure and earned a goal in the 18th minute.“[Oliver] is a pistol when she comes into the game,” Bell said. “She gives us a boost off the bench and has done very well off the bench for us.”In the 18th minute, the Frogs benefitted from the pressure, earning a goal courtesy of the work from senior defender Ryan Williams. She juked the Huskies defender and crossed the ball across the box to a flying Allison Ganter who headed the ball past the goalie and into the back of the net, cutting the lead in half.The goal was Ganter’s fifth goal of the season and the 17th of her career. Williams recorded her fifth assist of the season and 14th of her career. Ganter has scored TCU’s last four goals dating back to Friday’s match against Ball State.The Frogs continued the pressure throughout the rest of the half, but were unable to dent the Huskies lead.  TCU finished the half with eight shots over Northeastern’s five.The pressure from the Frogs remained constant in the early stages of the second half. Within the first eight minutes of the half, the Frogs forced eight shots on goal, including a one-on-one breakaway between the goalkeeper and junior midfielder Kayla Hill and a penalty kick, both of which were unsuccessful attempts.The missed penalty kick in the second half broke a streak of 11 straight converted penalty kicks for the Frogs, dating back three years to an Oct. 3, 2014 match against the Baylor Bears.The Frogs were even able to put the ball in the back of the net off the foot of senior forward Emma Heckendorn, but the play was called offside.“We had chances to score goals, but we weren’t able to get the equalizer,” Bell said. “Their goalkeeper is solid and was able to make some big saves and kept them in the game. Most of the time our shots were right at her. We didn’t do ourselves well by kicking it right to her, making her stretch would have helped us, but we didn’t do a good job of that. Hats off to her.”In total, the Frogs fired off 11 shots in the half, seven of which were on goal. None were able to find the back of the net.Bell praised Northeastern’s strong play, especially the goalkeeping.“They’re a good team, and I told the team that before the game,” Bell said. “With them not being in a Power 5 conference, we don’t know a lot about them, but they have a successful program. They were able to get the job done tonight.”The Frogs were ultimately unable to break away from Northeastern’s tough defense, losing the match 2-1. With the loss, the Frogs move to 5-2 on the season.The Frogs will hit the road for their next couple of matches. The road trip will begin Thursday night in Dallas against SMU, earning themselves a six-day break before their next match. Kickoff is set for 7:00 p.m.When asked about the upcoming break and if the team needed it, Bell believes the team is still in good shape but could definitely benefit from the time off.“I don’t think we’re tired, but I think we could use it to reenergize our batteries a bit, refocus and get ready for our next set of games,” Bell said. Robbie Vagliohttps://www.tcu360.com/author/robbie-vaglio/ Facebook Facebook TCU rowing program strengthens after facing COVID-19 setbacks Robbie Vagliohttps://www.tcu360.com/author/robbie-vaglio/ Linkedin Previous articleThe Frogs lose first match at the Fight in the FortNext articleSNL Comedian brings laughs, generosity to Texas Robbie Vaglio RELATED ARTICLESMORE FROM AUTHOR ReddIt Frogs unable to overcome slow start in first home loss of season TCU baseball finds their biggest fan just by saying hellolast_img read more


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first_img Your email address will not be published. Required fields are marked * Business News faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPasadena Water and PowerPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Community News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS HerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeauty8 Easy Exotic Meals Anyone Can MakeHerbeautyHerbeautyHerbeauty10 Sea Salt Scrubs You Can Make YourselfHerbeautyHerbeautyHerbeautyLove Astrology: 12 Types Of Boyfriends Based On Zodiac SignsHerbeautyHerbeauty Sierra Madre’s website and use of social media to reach local citizens received a 100% rating according to an Internet Strategy Report by Tripepi Smith & Associates, an Orange County technology public affairs firm. The report was released in July 2013 and focused on the ways in which cities embrace social media, offer greater transparency and increase citizen access to their government.Of the 88 cities in Los Angeles County, Sierra Madre shared top honors with Culver City. Three criteria were analyzed: access and usability of the website, engagement of social media tools, and fostering transparency and citizen engagement. Sierra Madre citizens have access to city documents online, a Facebook page, Twitter, eBlasts, calendar of events, and City News.The full report can be found at: http://www.tripepismith.com/los-angeles-county-city-internet-strategy-analysis-3rd-edition/ Name (required)  Mail (required) (not be published)  Website  Government City of Sierra Madre Website and Social Media Receive High Marks From STAFF REPORTS Published on Friday, August 30, 2013 | 4:03 pm Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Top of the News center_img 10 recommended0 commentsShareShareTweetSharePin it Subscribe Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy More Cool Stuff Community News First Heatwave Expected Next Week Make a comment Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday last_img read more


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first_imgGovernment Rep. Chu Leads Opposition to Republican Move to Defund Planned Parenthood Published on Friday, September 18, 2015 | 11:11 am More Cool Stuff 0 commentsShareShareTweetSharePin it Community News faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPasadena Water and PowerPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. First Heatwave Expected Next Week Make a comment Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Herbeauty10 Secrets That Eastern Women Swear By To Stay Young LongerHerbeautyHerbeautyHerbeautyThink Outside The Ordinary: 9 Gifts That Do All The Talking!HerbeautyHerbeautyHerbeautyHere Are Indian Women’s Best Formulas For Eternal BeautyHerbeautyHerbeautyHerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeauty10 Special Massage Techniques That Will Make You Return For MoreHerbeautyHerbeautyHerbeauty10 Most Influential Women In HistoryHerbeautyHerbeauty Subscribecenter_img Top of the News Community News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Business News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Your email address will not be published. Required fields are marked * Today, the House of Representatives voted on two bills that would drastically reduce access to healthcare for women, H.R. 3134, the Defund Planned Parenthood Act, and H.R. 3504, the Born-Alive Abortion Survivors Protection Act. Together, these two bills would leave women without preventative health services like cancer screenings and family planning and would inappropriately and dangerously change the doctor-patient relationship through unnecessary requirements and draconian penalties. Rep. Judy Chu (CA-27) managed the debate on the House floor for the Democrats on H.R. 3504 and released the following statement:Misleading titles cannot hide the real intent behind these bills: further undermining a woman’s right to choose, a right that has been constitutionally guaranteed for more than 42 years by Roe v. Wade. Not only do these bills attempt to politicize women’s health and limit women’s access to abortion, they would interfere with the sacred doctor-patient relationship and substitute a physician’s best judgment with the judgment of a handful of politicians.“Defunding Planned Parenthood, as Republicans want, would have a devastating impact on women—especially women in rural communities, low-income women, and women of color —and would deny women access to preventive care, life-saving cancer screenings, and family planning services.“It is a blatant attack on women and families to defund an organization that uses federal funds to prevent abortions and to help families stay healthy, and cannot even use federal funding for abortion. It would be the saddest of ironies that, by defunding Planned Parenthood’s critical contraception and other reproductive health services in the name of opposing abortion, we would see more unintended pregnancies and, therefore, more abortions.“Politicians are not doctors. We should be concerned about doing our jobs and fully fund high-quality women are health care instead of trying to keep doctors from doing theirs.” Name (required)  Mail (required) (not be published)  Website  Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more


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first_imglatest #1 COVID-19 Continues to Spread in LA County Nearly 100 new cases reported in past 48 hours STAFF REPORTS Published on Wednesday, March 18, 2020 | 4:18 pm 28 recommended0 commentsShareShareTweetSharePin it Business News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Community News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday More Cool Stuff Your email address will not be published. Required fields are marked * HerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeauty11 Signs Your Perfectionism Has Gotten Out Of ControlHerbeautyHerbeautyHerbeautyWhy Luxury Fashion Brands Are So ExpensiveHerbeautyHerbeautyHerbeauty10 Most Influential Women In HistoryHerbeautyHerbeauty Top of the News center_img Community News STAFF REPORT First Heatwave Expected Next Week Subscribe LA County health officials confirmed 46 more cases of coronavirus today, as authorities urged continued social distancing and announced plans to extend the availability of winter shelter beds.Dr. Barbara Ferrer, head of the county Department of Public Health said the 46 new cases reported by the agency bring the county’s total to 190 patients.The new figures mean that nearly 100 new cases have been reported in the county in the past 48 hours, but Ferrer urged residents not to get discouraged or get the idea that social distancing efforts aren’t working.“Because we cannot stop the spread of COVID-19, all of our strategies are aimed at slowing the spread,” she said. “We need to work hard to make sure that happens. This is what you often hear as flattening the curve.”Locally there are just two accounts in Pasadena.So far, only one death from coronavirus has been reported in Los Angeles County.Ferrer thanked residents for their efforts avoiding large gatherings, remaining home and distancing themselves from others. She noted, however, that the mandates don’t mean people cannot leave their homes.“Everyone should remain at home as much as possible,” she said. “You should, however, feel free to take a walk, a hike, a run — just not with a group of people.”While again stressing the heightened danger of the virus to people over 65, she hailed efforts by grocery stores to provide them with specialized times to shop. But she cautioned, “The safest option for all seniors is to have food and medicine and essential services delivered to them in their homes.”County Supervisor Hilda Solis said the county is working to provide additional protection for the homeless in the midst of the coronavirus outbreak. As part of that effort, the county plans to extend its winter shelter program — which normally ends March 31 — until the end of April.Solis said it is “more urgent than ever to expand our capacity” to provide housing, noting that there are 7,000 interim housing beds in place, and the county is “working to put thousands more online over the next few weeks and months.”The county is also continuing to evaluate sites that can be used for temporary housing facilities.The Los Angeles City Council on Tuesday reviewed a variety of measures aimed at providing services for the homeless in light of the virus. The council approved a temporary measure that will allow the homeless to keep their tents in place during daytime hours. The city normally requires the tents to be taken down during the day.The city and the county have both issued emergency moratoriums on residential and commercial evictions, providing protections for residents who may be unable to pay their rent on time due to work lost because of widespread business closures.Under the moratorium, tenants would be given up to six months to repay missed rent.City and county officials have both insisted they are working to provide financial relief for businesses that have been forced to close because of the virus. Los Angeles Mayor Eric Garcetti on Tuesday announced an $11 million loan program, while county officials said they are working to help businesses apply for emergency loans from the U.S. Small Business Administration.“While the Small Business Administration is not at the county level, we will be working with state and federal representatives and our partner agencies,” county Supervisor Kathryn Barger said Tuesday. “We do not want any business to fall through the cracks.”On Wednesday morning, California health officials reported a total of 598 coronavirus cases statewide and 13 deaths. STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Name (required)  Mail (required) (not be published)  Website  Make a comment faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDSlast_img read more


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first_img Twitter Ellen Noel Art Museum photo logo A free lecture series about the international refugee crisis is set for 6 p.m. Jan. 11 at the Ellen Noel Art Museum, 4909 E. University Blvd.Dr. Joanna Hadjicostandi, associate professor and sociology department coordinator at the University of Texas of the Permian Basin is the presenter.ON THE NET: www.noelartmuseum.org By admin – January 4, 2018 Previous articleGeorge W. Bush portraits on displayNext articleTEXAS VIEW: Mini mall fire hurts city’s soul admin WhatsApp Local News Facebook Twitter Pinterest Evening lecture series Pinterest Facebook WhatsApplast_img read more


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first_img ) Lease right-of-use assets 94,794 ) ) % ) $ 934,208 Three Months Ended December 31, GAAP net loss per share, basic 2020 4,423 Non-GAAP research and development 440 (50,061 (683 7 Operating expenses: (70,036 $ ) Plus: Employer tax related to employee stock transactions 816,416 3 67,219 61,749 (849,656 2,739 Condensed Consolidated Statements of Cash Flows (In thousands; unaudited) (32,302 Deferred revenue Cost of revenue 582,134 48 Deferred revenue, noncurrent $ 55,719 (36,168 45,847 (14,151 142,897 Effect of exchange rate changes on cash, cash equivalents and restricted cash $ 396,514 (8,349 (22,877 % 166,469 71,021 478,681 ) ) 46,349 % (4,329 ) WhatsApp Non-GAAP net income ) ) 26,428 % 141,076 % Year Ended December 31, $ 61,512 335,285 $ 2019 % Accumulated deficit Deferred costs 71,134 — % 3 Non-GAAP adjustments — 10,810 Cash, cash equivalents and restricted cash at end of period ) (14,665 (53,967 84,013 79 (14,259 Less: Real estate impairments 10,679 405,430 Total other income (expense), net — ) Sales and marketing Loss before provision for income taxes Less: Acquisition-related expenses 9,133 % Proceeds from capped calls related to 2023 convertible senior notes ) % 121,301 ) 11,244 (7,841 — ) (14,258 (129,950 ) 457,984 2020 229,871 $ Operating loss ) $ 1,514,589 ) % (1.89 38,602 428,678 Net loss per share, basic and diluted 2,075 (0.60 — ) % Proceeds from employee stock purchase plan Plus: Amortization of share-based compensation capitalized in internal-use software $ (168,303 ) ) 25,632 4 ) % (1,814 110,606 118,809 % 71 Plus: Amortization of share-based compensation capitalized in internal-use software 15,428 10,365 $ ) (3,388 ) $ 55,719 — Accounts receivable, net of allowance for doubtful accounts of $5,787 and $2,846 as of December 31, 2020 and 2019, respectively About Non-GAAP Financial Measures To provide investors and others with additional information regarding Zendesk’s results, the following non-GAAP financial measures were disclosed: non-GAAP gross profit and gross margin, non-GAAP operating expenses, non-GAAP operating income (loss) and operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, basic and diluted, free cash flow, and free cash flow margin. Specifically, Zendesk excludes the following from its historical and prospective non-GAAP financial measures, as applicable: Share-Based Compensation and Amortization of Share-Based Compensation Capitalized in Internal-use Software: Zendesk utilizes share-based compensation to attract and retain employees. It is principally aimed at aligning their interests with those of its stockholders and at long-term retention, rather than to address operational performance for any particular period. As a result, share-based compensation expenses vary for reasons that are generally unrelated to financial and operational performance in any particular period. Employer Tax Related to Employee Stock Transactions: Zendesk views the amount of employer taxes related to its employee stock transactions as an expense that is dependent on its stock price, employee exercise and other award disposition activity, and other factors that are beyond Zendesk’s control. As a result, employer taxes related to its employee stock transactions vary for reasons that are generally unrelated to financial and operational performance in any particular period. Amortization of Purchased Intangibles: Zendesk views amortization of purchased intangible assets, including the amortization of the cost associated with an acquired entity’s developed technology, as items arising from pre-acquisition activities determined at the time of an acquisition. While these intangible assets are evaluated for impairment regularly, amortization of the cost of purchased intangibles is an expense that is not typically affected by operations during any particular period. Acquisition-Related Expenses: Zendesk views acquisition-related expenses, such as transaction costs, integration costs, restructuring costs, and acquisition-related retention payments, including amortization of acquisition-related retention payments capitalized in internal-use software, as events that are not necessarily reflective of operational performance during a period. In particular, Zendesk believes the consideration of measures that exclude such expenses can assist in the comparison of operational performance in different periods which may or may not include such expenses. Real Estate Impairments: Due to a strategic initiative to increase the percentage of remote teams, Zendesk records impairments for certain assets associated with leased properties, or portions thereof, that it ceases to occupy. Any losses and gains associated with these activities are generally unrelated to financial and operational performance in any particular period and Zendesk believes the exclusion of such losses and gains provides for a more useful comparison of operational performance in comparative periods that may or may not include such losses and gains. Loss on Early Extinguishment of Debt: In March 2018, Zendesk issued $575 million aggregate principal amount of 0.25% convertible senior notes due in 2023 (the “2023 Notes”). In June 2020, Zendesk issued $1,150 million aggregate principal amount of 0.625% convertible senior notes due in 2025 (the “2025 Notes”). In connection with the offering of the 2025 Notes, Zendesk used $618 million of the net proceeds from the offering of the 2025 Notes to repurchase $426 million aggregate principal amount of the 2023 Notes in cash through individual privately negotiated transactions (the “2023 Notes Partial Repurchase”). Of the $618 million consideration, $393 million and $225 million were allocated to the debt and equity components, respectively. As of the repurchase date, the carrying value of the 2023 Notes subject to the 2023 Notes Partial Repurchase, net of unamortized debt discount and issuance costs, was $367 million. The 2023 Notes Partial Repurchase resulted in a $26 million loss on early debt extinguishment. As of December 31, 2020, $149 million of principal remains outstanding on the 2023 Notes. The loss on early extinguishment of debt is a non-cash item, and we believe the exclusion of this expense will provide for a more useful comparison of our operational performance in different periods. Amortization of Debt Discount and Issuance Costs: The imputed interest rates of the 2023 Notes and the 2025 Notes were approximately 5.26% and 5.00%, respectively. This is a result of the debt discounts recorded for the conversion features of the Notes that are required to be separately accounted for as equity, and debt issuance costs, which reduce the carrying value of the convertible debt instruments. The debt discounts are amortized as interest expense together with the issuance costs of the debt. The expense for the amortization of debt discount and debt issuance costs is a non-cash item, and we believe the exclusion of this interest expense will provide for a more useful comparison of our operational performance in different periods. Income Tax Effects: Zendesk utilizes a fixed long-term projected tax rate in its computation of non-GAAP income tax effects to provide better consistency across interim reporting periods. In projecting this long-term non-GAAP tax rate, Zendesk utilizes a financial projection that excludes the direct impact of other non-GAAP adjustments. The projected rate considers other factors such as Zendesk’s current operating structure, existing tax positions in various jurisdictions, and key legislation in major jurisdictions where Zendesk operates. For the year ended December 31, 2020, Zendesk has determined the projected non-GAAP tax rate to be 21%. Zendesk will periodically re-evaluate this tax rate, as necessary, for significant events, based on relevant tax law changes, material changes in the forecasted geographic earnings mix, and any significant acquisitions. Zendesk provides disclosures regarding its free cash flow, which is defined as net cash from operating activities, plus repayment of convertible senior notes attributable to debt discount, less purchases of property and equipment and internal-use software development costs. Free cash flow margin is calculated as free cash flow as a percentage of total revenue. Zendesk uses free cash flow, free cash flow margin, and other measures, to evaluate the ability of its operations to generate cash that is available for purposes other than capital expenditures and capitalized software development costs. Zendesk believes that information regarding free cash flow and free cash flow margin provides investors with an important perspective on the cash available to fund ongoing operations. Zendesk has not reconciled free cash flow guidance to net cash from operating activities for the year ending December 31, 2021 because Zendesk does not provide guidance on the reconciling items between net cash from operating activities and free cash flow, as a result of the uncertainty regarding, and the potential variability of, these items. The actual amount of such reconciling items will have a significant impact on Zendesk’s free cash flow and, accordingly, a reconciliation of net cash from operating activities to free cash flow for the year ending December 31, 2021 is not available without unreasonable effort. Zendesk does not provide a reconciliation of its non-GAAP operating margin guidance to GAAP operating margin for future periods beyond the current fiscal year because Zendesk does not provide guidance on the reconciling items between GAAP operating margin and non-GAAP operating margin for such periods, as a result of the uncertainty regarding, and the potential variability of, these items. The actual amount of such reconciling items will have a significant impact on Zendesk’s non-GAAP operating margin and, accordingly, a reconciliation of GAAP operating margin to non-GAAP operating margin guidance for such periods is not available without unreasonable effort. Zendesk’s disclosures regarding its expectations for its non-GAAP gross margin include adjustments to its expectations for its GAAP gross margin that exclude share-based compensation and related expenses in Zendesk’s cost of revenue, amortization of purchased intangibles primarily related to developed technology, and acquisition-related expenses. The share-based compensation and related expenses excluded due to such adjustments are primarily comprised of the share-based compensation and related expenses for employees associated with Zendesk’s infrastructure and customer experience organization. Zendesk does not provide a reconciliation of its non-GAAP gross margin guidance to GAAP gross margin for future periods because Zendesk does not provide guidance on the reconciling items between GAAP gross margin and non-GAAP gross margin, as a result of the uncertainty regarding, and the potential variability of, these items. The actual amount of such reconciling items will have a significant impact on Zendesk’s non-GAAP gross margin and, accordingly, a reconciliation of GAAP gross margin to non-GAAP gross margin guidance for the period is not available without unreasonable effort. Zendesk uses non-GAAP financial information to evaluate its ongoing operations and for internal planning and forecasting purposes. Zendesk’s management does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Zendesk presents such non-GAAP financial measures in reporting its financial results to provide investors with an additional tool to evaluate Zendesk’s operating results. Zendesk believes these non-GAAP financial measures are useful because they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making. This allows investors and others to better understand and evaluate Zendesk’s operating results and future prospects in the same manner as management. Zendesk’s management believes it is useful for itself and investors to review, as applicable, both GAAP information that may include items such as share-based compensation and related expenses, amortization of debt discount and issuance costs, amortization of purchased intangibles, acquisition-related expenses, loss on early extinguishment of debt, and real estate impairments, and the non-GAAP measures that exclude such information in order to assess the performance of Zendesk’s business and for planning and forecasting in subsequent periods. When Zendesk uses such a non-GAAP financial measure with respect to historical periods, it provides a reconciliation of the non-GAAP financial measure to the most closely comparable GAAP financial measure. When Zendesk uses such a non-GAAP financial measure in a forward-looking manner for future periods, and a reconciliation is not determinable without unreasonable effort, Zendesk provides the reconciling information that is determinable without unreasonable effort and identifies the information that would need to be added or subtracted from the non-GAAP measure to arrive at the most directly comparable GAAP measure. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measure as detailed above. About Operating Metrics Zendesk reviews a number of operating metrics to evaluate its business, measure performance, identify trends, formulate business plans, and make strategic decisions. These include the number of paid customer accounts on Zendesk Support, Zendesk Chat, and its other products, dollar-based net expansion rate, annual recurring revenue represented by its churned customers, the percentage of its annual recurring revenue from Support originating from customers with 100 or more agents on Support, and the percentage of its annual recurring revenue from customers with more than $100,000 in annual recurring revenue. Zendesk defines the number of paid customer accounts at the end of any particular period as the sum of (i) the number of accounts on Support, exclusive of its legacy Starter plan, free trials, or other free services, (ii) the number of accounts using Chat, exclusive of free trials or other free services, and (iii) the number of accounts on all of its other products, exclusive of free trials and other free services, each as of the end of the period and as identified by a unique account identifier. In the quarter ended June 30, 2018, Zendesk began to offer an omnichannel subscription which provides access to multiple products through a single paid customer account, Zendesk Suite, and in the quarter ended June 30, 2019, Zendesk began to offer a subscription which provides access to Sell and Support through a single paid customer account, Zendesk Duet. In the quarter ended March 31, 2020, Zendesk began to offer two new omnichannel subscriptions, the Zendesk Support Suite and the Zendesk Sell Suite, which provide access to multiple support solutions and sales solutions, respectively, through a single paid customer account. The number of Support Suite paid customer accounts are included in the number of paid customer accounts on Suite, which are included in the number of paid customer accounts on products other than Support and Chat and are not included in the number of paid customer accounts on Support or Chat. The number of Sell Suite paid customer accounts are included in the number of paid customer accounts on products other than Support and Chat and are also included in the number of paid customer accounts on Support or Chat. Each Duet paid customer account is included once in the number of paid customer accounts on Support and once in the number of paid customer accounts on products other than Support and Chat. Existing customers may also expand their utilization of Zendesk’s products by adding new accounts and a single consolidated organization or customer may have multiple accounts across each of Zendesk’s products to service separate subsidiaries, divisions, or work processes. Other than usage of Zendesk’s products through its omnichannel subscription offering, each of these accounts is also treated as a separate paid customer account. Zendesk’s dollar-based net expansion rate provides a measurement of its ability to increase revenue across its existing customer base through expansion of authorized agents associated with a paid customer account, upgrades in subscription plans, and the purchase of additional products as offset by churn, contraction in authorized agents associated with a paid customer account, and downgrades in subscription plans. Zendesk’s dollar-based net expansion rate is based upon annual recurring revenue for a set of paid customer accounts on its products. Zendesk determines the annual recurring revenue value of a contract by multiplying the monthly recurring revenue for such contract by twelve. Monthly recurring revenue for a paid customer account is a legal and contractual determination made by assessing the contractual terms of each paid customer account, as of the date of determination, as to the revenue Zendesk expects to generate in the next monthly period for that paid customer account, assuming no changes to the subscription and without taking into account any platform usage above the subscription base, if any, that may be applicable to such subscription. Beginning with the quarter ended June 30, 2019, we excluded the impact of revenue that we expect to generate from fixed-term contracts that are each associated with an existing account, are solely for additional temporary agents, and are not contemplated to last for the duration of the primary contract for the existing account from our determination of monthly recurring revenue. Monthly recurring revenue is not determined by reference to historical revenue, deferred revenue, or any other GAAP financial measure over any period. It is forward-looking and contractually derived as of the date of determination. Zendesk calculates its dollar-based net expansion rate by dividing the retained revenue net of contraction and churn by Zendesk’s base revenue. Zendesk defines its base revenue as the aggregate annual recurring revenue across its products for customers with paid customer accounts as of the date one year prior to the date of calculation. Zendesk defines the retained revenue net of contraction and churn as the aggregate annual recurring revenue across its products for the same customer base included in the measure of base revenue at the end of the annual period being measured. The dollar-based net expansion rate is also adjusted to eliminate the effect of certain activities that Zendesk identifies involving the consolidation of customer accounts or the split of a single paid customer account into multiple paid customer accounts. In addition, the dollar-based net expansion rate is adjusted to include paid customer accounts in the customer base used to determine retained revenue net of contraction and churn that share common corporate information with customers in the customer base that are used to determine the base revenue. Giving effect to this consolidation results in Zendesk’s dollar-based net expansion rate being calculated across approximately 112,300 customers, as compared to the approximately 173,600 total paid customer accounts as of December 31, 2020. To the extent that Zendesk can determine that the underlying customers do not share common corporate information, Zendesk does not aggregate paid customer accounts associated with reseller and other similar channel arrangements for the purposes of determining its dollar-based net expansion rate. Zendesk does not currently incorporate operating metrics associated with its legacy analytics product, its legacy Outbound product, its legacy Starter plan, Sell, Sunshine Conversations, its legacy Smooch product, free trials, or other free services into its measurement of dollar-based net expansion rate. For a more detailed description of how Zendesk calculates its dollar-based net expansion rate, please refer to Zendesk’s periodic reports filed with the Securities and Exchange Commission. Zendesk’s percentage of annual recurring revenue from Support that is generated by customers with 100 or more agents on Support is determined by dividing the annual recurring revenue from Support for paid customer accounts with 100 or more agents on Support as of the measurement date by the annual recurring revenue from Support for all paid customer accounts on Support as of the measurement date. Zendesk determines the customers with 100 or more agents on Support as of the measurement date based on the number of activated agents on Support at the measurement date and includes adjustments to aggregate paid customer accounts that share common corporate information. For the purpose of determining this metric, Zendesk builds an estimation of the proportion of annual recurring revenue from Suite attributable to Support and includes such portion in the annual recurring revenue from Support. Zendesk’s percentage of annual recurring revenue from that is generated by customers with more than $100,000 in annual recurring revenue is determined by dividing the total annual recurring revenue from paid customer accounts with more than $100,000 in annual recurring revenue from our products other than Sell and Sunshine Conversations as of the measurement date by the total annual recurring revenue for all paid customer accounts from our products other than Sell and Sunshine Conversations as of the measurement date. Zendesk determines the customers with $100,000 in annual recurring revenue as of the measurement date based on the annual recurring revenue of a paid customer account at the measurement date. Zendesk does not currently incorporate operating metrics associated with products other than Support into its measurement of the percentage of annual recurring revenue from Support that is generated by customers with 100 or more agents on Support. Zendesk determines its bookings as the annual recurring revenue from contracts that were entered into during the referenced fiscal quarter, either with new customers or for additional products and services with existing customers. Zendesk’s annual revenue run rate is based on its revenue for the most recent applicable quarter. Zendesk annualizes such results to estimate its annual revenue run rate by multiplying the revenue for its most recent applicable quarter by four. Zendesk’s annual revenue run rate is not a comprehensive statement of its financial results for such period and should not be viewed as a substitute for full annual or interim financial statements prepared in accordance with GAAP. In addition, Zendesk’s revenue for the most recent applicable quarter or annual revenue run rate are not necessarily indicative of the results to be achieved in any future period. Source: Zendesk, Inc. View source version on businesswire.com:https://www.businesswire.com/news/home/20210204006060/en/ CONTACT: Zendesk, Inc. Investor Contact: Jun Wang, +1 415-852-3877 [email protected] Contact: Marissa Tree, +1 415-609-4510 [email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: MARKETING COMMUNICATIONS TECHNOLOGY SOFTWARE OTHER COMMUNICATIONS PUBLIC RELATIONS/INVESTOR RELATIONS SOURCE: Zendesk, Inc. Copyright Business Wire 2021. PUB: 02/04/2021 04:15 PM/DISC: 02/04/2021 04:15 PM http://www.businesswire.com/news/home/20210204006060/en $ 11,541 51,878 94,208 156,730 Cash flows from financing activities — 799 1,029,564 76 (43,319 700 361,948 19 9,567 (155,899 $ 385,999 35,230 (163,004 20,206 % $ (0.32 Less: Employer tax related to employee stock transactions 50 11 $ — 138 2,737 ) 110,764 Liabilities and stockholders’ equity $ 2019 14,975 (578,973 — (606 33,941 Condensed Consolidated Balance Sheets (In thousands, except par value; unaudited) (15,646 6,086 216,279 Provision for income taxes ) (15,646 38,588 225,039 Less: Employer tax related to employee stock transactions 21,804 Current portion of convertible senior notes, net 20,068 (11,248 3,389 ) ) ) $ 1,964 $ (80,945 1,821 Lease liabilities, noncurrent $ 3 (37,631 7,987 5,761 $ 1,725,448 $ $ Preferred stock, par value $0.01 per share 73 255,400 (3,687 ) 1,130 255,400 4,918 12,751 Accumulated other comprehensive income Lease liabilities % ) 9,567 85,275 (698,781 ) ) (1,909 Weighted-average shares used to compute net loss per share, basic and diluted (15,003 4,990 (14 (36,168 % (4,321 Three Months EndedDecember 31, 89,983 2020 ) % 1,275,973 ) Total current liabilities $ (36,168 407,859 Cash and cash equivalents 38,588 (125 (218,178 Gross profit $ (3,843 (70,036 $ (0.32 Depreciation and amortization )% ) 115,240 25,950 ) — 37,672 168,122 251,255 ) (13,512 Non-GAAP Results (In thousands, except per share data) The following table shows Zendesk’s GAAP results reconciled to non-GAAP results included in this release. $ 13 Amortization of debt discount and issuance costs 33,941 40,454 (33,373 (1.89 Less: purchases of property and equipment Revenue (36,920 $ GAAP general and administrative as percentage of revenue Total current assets 14,975 — — Plus: Real estate impairments Total assets $ (32,302 Plus: repayment of convertible senior notes attributable to debt discount 5,061 3,203 11,639 6,457 4,518 $ Condensed Consolidated Statements of Operations (In thousands, except per share data; unaudited) Other, net 38,458 ) ) (18,868 Reconciliation of net income (loss) per share, diluted ) % 328,921 ) 2019 $ Non-GAAP adjustments 36,347 76 2019 375,686 50,147 1,207 (218,178 0.42 Twitter (754 — 0.71 (30,088 3 Basic Plus: Loss on early extinguishment of debt (54,793 Less: Amortization of purchased intangibles % Pinterest 1,577 — 1,344,337 440 18,940 177,376 1,601 14 Purchases of strategic investments (1,081 9,970 112,496 $ (463 ) (20,804 7,722 1,964 )% 3,231 52,731 2,075 Allowance for credit losses on accounts receivable 591 116,986 7,933 154,132 11,282 Deferred revenue Payments for 2023 convertible senior notes partial repurchase 32,427 % 54,689 Lease liabilities 19 17 75 Loss on early extinguishment of debt (56,518 (25,950 ) 483,464 Net cash provided by operating activities Pinterest 32,211 $ 78,110 Non-GAAP net income per share, basic % ) 116,986 (13,512 (437 28,289 ) (39,140 ) ) 32,116 % ) ) Proceeds from exercises of employee stock options Year EndedDecember 31, 0.55 102,090 ) (148,289 127,808 5,404 (163,004 25,288 (169,653 ) 42 (2,354 19 24 700 110,606 (2,687 ) (169,653 $ (3,388 Business combinations, net of cash acquired 1,374 Three Months EndedDecember 31, ) (212,417 50,147 (876 (916,883 23 — ) Accrued compensation and related benefits ) ) 57,041 Weighted-average shares used in GAAP per share calculation, basic and diluted — 1,711 2,157,279 — 700 ) — 0.11 ) Twitter (20 ) $ % 689 Three Months EndedDecember 31, Prepaid expenses and other current assets Accounts payable — Purchase of capped calls related to 2025 convertible senior notes Other income (expense), net: Plus: Amortization of purchased intangibles ) ) 38,921 (947 (1,844 16 % (2,501 ) Non-GAAP gross margin $ 4 (4,745 Total liabilities )% Accrued liabilities 2019 89,261 — % 168,122 132,388 19 (20 $ (2,720 Diluted Research and development 13,036 25,458 15 (9,574 ) ) 13,333 692,642 563,817 ) % Non-GAAP research and development as percentage of revenue 10,679 — 4,800 ) GAAP gross profit 21,860 Net loss ) (70,036 Cash, cash equivalents and restricted cash at beginning of period % (1.53 16 41 1.84 $ ) $ — 26,495 407,859 Non-GAAP net income per share, diluted (1.89 GAAP research and development as percentage of revenue Accounts payable ) )% $ — Marketable securities, noncurrent Reconciliation of gross profit and gross margin 2019 Less: Share-based compensation (155,899 $ 565,593 (2,834 (49,922 $ % — 1,350 Net cash provided by operating activities margin 286,958 20,858 43,282 15,003 31,490 1,242 234,282 26,594center_img 116,986 ) Accounts receivable Net cash used in investing activities Lease right-of-use assets (2,444 ) 25 Year EndedDecember 31, Plus: Acquisition-related expenses 54 GAAP sales and marketing Repayment of convertible senior notes attributable to debt discount 37,672 12 199,243 ) 166,469 ) 207,962 GAAP net loss $ 614,406 GAAP gross margin $ (5,299 ) 101 (39,140 9,970 (15 % 1,514,589 20 2,805 ) (0.60 ) 16 Taxes paid related to net share settlement of share-based awards 225 $ % 194,417 77 Total operating expenses 512,339 $ 429,931 89,261 0.10 2,106 283,498 (70,919 12,358 49 General and administrative (53,964 23,533 (382,329 ) (14,892 53,829 Total liabilities and stockholders’ equity (21,329 207,548 ) GAAP net loss per share, diluted ) ) — 48,411 $ 5,602 Proceeds from sales of marketable securities ) (440 $ $ (0.32 216,279 WhatsApp Plus: Acquisition-related expenses GAAP sales and marketing as percentage of revenue 7,909 (3,159 ) 2020 Accrued compensation and related benefits Marketable securities 11 $ (10,993 1,056,605 $ (1,480 Computation of free cash flow Additional paid-in capital — 5 2.41 — % 130,087 — ) % % 25,950 Purchases of marketable securities 94,210 % (6,995 ) 2.44 (0.60 (6,823 $ $ 26 Plus: Employer tax related to employee stock transactions SAN FRANCISCO–(BUSINESS WIRE)–Feb 4, 2021– Zendesk, Inc. (NYSE: ZEN) today reported financial results for the quarter and fiscal year ended December 31, 2020, and released a Shareholder Letter on its investor relations website at https://investor.zendesk.com. Results for the Fourth Quarter 2020 Revenue was $283.5 million for the quarter ended December 31, 2020, an increase of 23% over the prior year period. GAAP net loss for the quarter ended December 31, 2020 was $70.0 million, and GAAP net loss per share (basic and diluted) was $0.60. Non-GAAP net income was $13.1 million, and non-GAAP net income per share (basic and diluted) was $0.11. Non-GAAP net income excludes approximately $52.9 million in share-based compensation and related expenses (including $2.1 million of employer tax related to employee stock transactions and $0.7 million of amortization of share-based compensation capitalized in internal-use software), $15.0 million of real estate impairments, $12.4 million of amortization of debt discount and issuance costs, $3.4 million of amortization of purchased intangibles, $2.0 million of acquisition-related expenses, and non-GAAP income tax effects and adjustments of $2.5 million. GAAP net loss per share for the quarter ended December 31, 2020 was based on 117.0 million weighted average shares outstanding (basic and diluted), and non-GAAP net income per share for the quarter ended December 31, 2020 was based on 117.0 million weighted average shares outstanding (basic) and 124.8 million weighted average shares outstanding (diluted). Results for the Full Fiscal Year 2020 Revenue was $1.030 billion for the year ended December 31, 2020, an increase of 26% over the prior year period. GAAP net loss for the year ended December 31, 2020 was $218.2 million, and GAAP net loss per share (basic and diluted) was $1.89. Non-GAAP net income was $63.0 million, non-GAAP net income per share (basic) was $0.55, and non-GAAP net income per share (diluted) was $0.52. Non-GAAP net income excludes approximately $194.2 million in share-based compensation and related expenses (including $10.0 million of employer tax related to employee stock transactions and $2.1 million of amortization of share-based compensation capitalized in internal-use software), $38.6 million of amortization of debt discount and issuance costs, a $26.0 million loss on early extinguishment of debt, $15.0 million of real estate impairments, $10.7 million of amortization of purchased intangibles, $7.7 million of acquisition-related expenses, and non-GAAP income tax effects and adjustments of $11.0 million. GAAP net loss per share for the year ended December 31, 2020 was based on 115.2 million weighted average shares outstanding (basic and diluted), and non-GAAP net income per share for the year ended December 31, 2020 was based on 115.2 million weighted average shares outstanding (basic) and 121.3 million weighted average shares outstanding (diluted). Outlook As of February 4, 2021, Zendesk provided guidance for the quarter ending March 31, 2021 and for the year ending December 31, 2021. For the quarter ending March 31, 2021, Zendesk expects to report:Revenue in the range of $291 – 296 millionGAAP operating income (loss) in the range of $(48) – (44) million, which includes share-based compensation and related expenses of approximately $59 million, amortization of purchased intangibles of approximately $2 million, and acquisition-related expenses of approximately $2 millionNon-GAAP operating income (loss) in the range of $15 – 19 million, which excludes share-based compensation and related expenses of approximately $59 million, amortization of purchased intangibles of approximately $2 million, and acquisition-related expenses of approximately $2 millionApproximately 118 million weighted average shares outstanding (basic)Approximately 128 million weighted average shares outstanding (diluted) For the full year ending December 31, 2021, Zendesk expects to report:Revenue in the range of $1.280 – 1.305 billionGAAP operating income (loss) in the range of $(165) – (150) million, which includes share-based compensation and related expenses of approximately $244 million, amortization of purchased intangibles of approximately $8 million, and acquisition-related expenses of approximately $3 millionNon-GAAP operating income (loss) in the range of $90 – 105 million, which excludes share-based compensation and related expenses of approximately $244 million, amortization of purchased intangibles of approximately $8 million, and acquisition-related expenses of approximately $3 millionApproximately 120 million weighted average shares outstanding (basic)Approximately 130 million weighted average shares outstanding (diluted)Free cash flow in the range of $85 – 100 million, which includes expected accelerated rent payments of up to $12 million related to our real estate changes in San Francisco There are many factors that can affect our actual results which are discussed below and in the risk factors in our filings with the Securities and Exchange Commission. Some of the key risk factors include global macroeconomic conditions, the impact of the COVID-19 pandemic on our business, business conditions of customers in challenged industries, and the effect on demand for our products from customers which can result and has resulted in higher levels of contraction than historical levels. We have not reconciled free cash flow guidance to net cash from operating activities for the full year 2021 because we do not provide guidance on the reconciling items between net cash from operating activities and free cash flow, as a result of the uncertainty regarding, and the potential variability of, these items. The actual amount of such reconciling items will have a significant impact on our free cash flow and, accordingly, a reconciliation of net cash from operating activities to free cash flow for the full year 2021 is not available without unreasonable effort. Zendesk’s estimates of share-based compensation and related expenses, amortization of purchased intangibles, acquisition-related expenses, weighted average shares outstanding, and free cash flow in future periods assume, among other things, the occurrence of no additional acquisitions, investments or restructurings, and no further revisions to share-based compensation and related expenses. Chief Financial Officer Transition Zendesk also announces today that Chief Financial Officer Elena Gomez has informed the company and its board of directors of her plans to depart the company in the coming months. We are initiating a search for her successor. Ms. Gomez will stay to ensure a smooth transition and will be with us as Chief Financial Officer until at least through the release of our financial results for the quarter ending March 31, 2021 and the filing of the company’s Quarterly Report on Form 10-Q for the same period. Shareholder Letter and Conference Call Information The detailed Shareholder Letter is available at https://investor.zendesk.com and Zendesk will host a live video webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on Thursday, February 4, 2021 to discuss the results. The live video webcast can be accessed through Zendesk’s investor relations website at https://investor.zendesk.com. A replay of the webcast will be available for 12 months. About Zendesk Zendesk is a service-first CRM company that builds support, sales, and customer engagement software designed to foster better customer relationships. From large enterprises to startups, we believe that powerful, innovative customer experiences should be within reach for every company, no matter the size, industry or ambition. Zendesk serves more than 170,000 customers across a multitude of industries in over 30 languages. Zendesk is headquartered in San Francisco, and operates offices worldwide. Learn more at www.zendesk.com. Forward-Looking Statements This press release contains forward-looking statements, including, among other things, statements regarding Zendesk’s future financial performance, its continued investment to grow its business, and progress toward its long-term financial objectives. Words such as “may,” “should,” “will,” “believe,” “expect,” “anticipate,” “target,” “project,” and similar phrases that denote future expectation or intent regarding Zendesk’s financial results, operations, and other matters are intended to identify forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. The outcome of the events described in these forward-looking statements is subject to known and unknown risks, uncertainties, and other factors that may cause Zendesk’s actual results, performance, or achievements to differ materially, including (i) the effect of uncertainties related to the COVID-19 pandemic on U.S. and global markets, Zendesk’s business, operations, revenue results, cash flow, operating expenses, hiring, demand for its solutions, sales cycles, customer retention, and its customers’ businesses and industries; (ii) other adverse changes in general economic or market conditions; (iii) Zendesk’s ability to adapt its products to changing market dynamics and customer preferences or achieve increased market acceptance of its products; (iv) Zendesk’s ability to effectively expand its sales capabilities; (v) Zendesk’s substantial reliance on its customers renewing their subscriptions and purchasing additional subscriptions; (vi) our ability to optimize the pricing for our solutions; (vii) Zendesk’s expectation that the future growth rate of its revenues will decline, and that, as its costs increase, Zendesk may not be able to generate sufficient revenues to achieve or sustain profitability; (viii) the intensely competitive market in which Zendesk operates and the difficulty that Zendesk may have in competing effectively; (ix) Zendesk’s ability to effectively market and sell its products to larger enterprises; (x) Zendesk’s ability to introduce and market new products and to support its products on a shared services platform; (xi) Zendesk’s ability to maintain and develop its strategic relationships with third parties; (xii) Zendesk’s reliance on third party services, including services for hosting, email, and messaging; (xiii) Zendesk’s ability to securely maintain customer data and prevent, mitigate, and respond effectively to both historical and future data breaches and to securely maintain customer data; (xiv) Zendesk’s ability to effectively manage its growth and organizational change, including its international expansion strategy; (xv) Zendesk’s ability to integrate acquired businesses and technologies successfully or achieve the expected benefits of such acquisitions; (xvi) Zendesk’s ability to comply with privacy and data security regulations; (xvii) potential service interruptions or performance problems associated with Zendesk’s technology and infrastructure; (xviii) the development of the market for software as a service business software applications; (xix) real or perceived errors, failures, or bugs in its products; (xx) Zendesk’s ability to accurately forecast expenditures on third-party managed hosting services; and (xxi) the amount and timing of any determination of real estate impairments relating to expected lease abandonment matters. The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in Zendesk’s filings with the Securities and Exchange Commission, including its Quarterly Report on Form 10-Q for the quarter ended September 30, 2020. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that Zendesk makes with the Securities and Exchange Commission from time to time, including its Annual Report on Form 10-K for the year ended December 31, 2020. Forward-looking statements represent Zendesk’s management’s beliefs and assumptions only as of the date such statements are made. Zendesk undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. 396,514 2020 (1,233 (22,877 Reconciliation of net income (loss) per share, basic — (74,796 ) 19 Non-GAAP gross profit 1,174 ) (79,943 ) 431,831 $ ) $ 46 ) 21,409 ) Non-GAAP adjustments to net loss 42,247 (2,692 ) Less: Employer tax related to employee stock transactions 200,424 (69,052 (87 Cash flows from investing activities $ ) ) % ) ) Non-GAAP sales and marketing Other liabilities 120,065 — 3,389 (54,793 18,499 $ 0.31 50 ) Goodwill and intangible assets, net 57,041 (191 Assets ) $ ) $ 512,339 ) Deferred costs % 42 $ Non-GAAP general and administrative 7,722 1,711 Current liabilities: 3,259 % $ Weighted-average shares used in non-GAAP per share calculation 5 63,020 (7,841 10,365 (8,936 176,309 (47,910 Purchases of property and equipment — $ ) (2,834 128,876 $ Local NewsBusiness (326 — Plus: Amortization of share-based compensation capitalized in internal-use software Deferred costs, noncurrent $ ) (500 Proceeds from sales of strategic investments (34,943 (26,708 $ GAAP operating margin 597 9,645 $ 55,028 25 Amortization of deferred costs % $ ) 745,138 ) $ 31,786 (5,644 Less: Share-based compensation ) $ 38,216 ) 0.11 $ (652 — ) 778,309 % Interest and other income (expense), net % Non-GAAP sales and marketing as percentage of revenue Other assets 320,642 ) 7,732 — (3 25,288 ) Reconciliation of operating income (loss) and operating margin GAAP operating loss Convertible senior notes, net 346 (764 (1.53 103,437 7 $ % 15,003 199,897 Plus: Amortization of purchased intangibles 45,426 22 (1 Common stock, par value $0.01 per share (66,752 5,278 (169,653 778,309 1,423 (435 Proceeds from maturities of marketable securities ) $ $ ) % 26,428 $ ) % Other assets and liabilities 984 (8,438 440 Plus: Acquisition-related expenses (1,500 % $ 1.86 2,648 (7 Non-GAAP operating income 11 % 1,128,970 4,900 Plus: Amortization of purchased intangibles 279 810,027 — ) ) (2,788 — 10,136 11,786 196,218 182,204 ) $ 156,730 59,397 196,591 ) ) (454,649 692,823 % Changes in operating assets and liabilities: Plus: Share-based compensation 1,155,044 (2,172 — $ Loss on early extinguishment of debt 20,372 15,865 115,240 Year EndedDecember 31, 2020 2019 1,601 Plus: Share-based compensation ) (46,965 $ 7,532 ) ) (15,003 Interest expense 0.10 Less: Acquisition-related expenses 42,280 12 % 3 Plus: Share-based compensation 2,075 37,672 ) 83,040 ) 2,089 1,423 ) Reconciliation of net income (loss) $ 38,637 2,805 (3,177 2020 2020 10,779 15,003 Proceeds from issuance of 2025 convertible senior notes, net of issuance costs paid of $21,030 7 24,581 (2,633 2019 ) % 112,496 ) Adjustments to reconcile net loss to net cash provided by operating activities: Net increase in cash, cash equivalents and restricted cash — 4,532 Non-GAAP general and administrative as percentage of revenue Plus: Amortization of debt discount and issuance costs 6,457 1,711 $ GAAP general and administrative Plus: Employer tax related to employee stock transactions 38,376 (7,170 71,754 Less: Income tax effects and adjustments Internal-use software development costs 199,897 Property and equipment, net $ % ) Facebook $ 3,060 (38,637 13,113 $ Accrued liabilities 193,811 Zendesk Announces Fourth Quarter and Fiscal Year 2020 Results $ (26 GAAP research and development Free cash flow margin 15,003 Stockholders’ equity: ) (3,292 98,376 ) % $ ) 26,542 Less: internal-use software development costs 8,433 (699 ) 0.42 124,781 36,814 Prepaid expenses and other current assets Free cash flow 79 110,606 Reconciliation of operating expenses 207,548 Facebook 935,576 0.33 $ % (6 ) ) ) (19 ) $ $ 1,262 $ 582,134 (8,847 Cash flows from operating activities 0.71 Real estate impairment 46,349 71,134 ) (218,178 118,696 ) $ ) 0.52 $ (35,479 ) ) ) 115,240 $ — 3,646 ) 112,496 — December 31,2019 ) $ 378,935 ) % Current assets: (77,380 156,730 Share-based compensation % 32,211 31,205 206,883 Plus: Real estate impairments 29,123 50,147 (24,673 — ) 83,478 (30,229 Net cash provided by financing activities 26,613 141,076 ) ) ) Net cash provided by operating activities 1,686 (2,113 182,204 113,925 $ $ — Non-GAAP adjustments to net loss (4,745 $ $ 35,619 Less: Acquisition-related expenses $ 2,089 Net loss ) $ % ) 199,897 2,157,279 Less: Share-based compensation % 12,358 142,897 — ) Non-GAAP adjustments December 31,2020 Non-GAAP operating margin 3,320 182,204 Previous articleAvalara to Present at Upcoming Investor ConferencesNext articleCitibank Announces $1.25 Billion Redemption of 3.165% Fixed Rate / Floating Rate Notes due February 2022 and $500 Million Redemption of Floating Rate Notes due February 2022 Digital AIM Web Support TAGS  $ — $ ) 7,662 11,244 (1.53 ) 22,128 ) % 41 271,072 110,764 — By Digital AIM Web Support – February 4, 2021 25 Total stockholders’ equitylast_img read more


Category: xxskspat

first_imgTop StoriesSupreme Court To Pronounce Judgment In Petitions Challenging Central Vista Project Tomorrow LIVELAW NEWS NETWORK4 Jan 2021 7:43 AMShare This – xThe Supreme Court will deliver its judgment tomorrow in a batch of writ petitions challenging challenging the Central Vista project.The cause list suggests that Justices AM Khanwilkar and Sanjiv Khanna will deliver the judgments. The bench, also comprising Justice Dinesh Maheshwari, will deliver the judgment at 10.30 am.The court had, on November 5, 2020, reserved judgment on these batch…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Supreme Court will deliver its judgment tomorrow in a batch of writ petitions challenging challenging the Central Vista project.The cause list suggests that Justices AM Khanwilkar and Sanjiv Khanna will deliver the judgments. The bench, also comprising Justice Dinesh Maheshwari, will deliver the judgment at 10.30 am.The court had, on November 5, 2020, reserved judgment on these batch of petitions challenging the Rs. 20,000 crore Central Vista project, involving renovation and redevelopment of approximately 86 acres of land in the heart of Lutyens Delhi, marked by structures like the Parliament, Rashtrapati Bhavan, India Gate, North Block and South Block amongst others.Last month, the Court had allowed the Central Government to conduct the foundation ceremony of the Central Vista project without altering the status of the site in any manner. It expressed displeasure at the Central Government for going ahead “aggressively” with the construction projects even when the issue of legality of the Central Vista project was sub-judice. The court ordered that there should be no construction or demolition of structures or cutting down of trees in relation to the project. .The ‘bhumi pujan’ ceremony for the new Parliament building was held on December 10. The Prime Minister, Narendra Modi, laid  the foundation for the new building.The bench heard the petitioners’ challenge on 3 issues, vis-à-vis change of land use, violations of municipal law, violations of environmental law. Later, the Court disposed off the petitions challenging change in land use of plot number 1 of the Central Vista Project, adding that it will be taken up at a later stage as the decision on its usage had not yet been taken by the Government.During October-November last year, the bench held final hearing on the petitions, hearing Senior Advocates Shyam Divan, Sanjay Hegde, Advocates Gautam Bhatia, Vrinda Bhandari and Solicitor General Tushar Mehta in the case. Judgment was reserved on November 5.Reports about the hearings in the case available here.  Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more