10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SALESFORCE, INC. | |||
Ticker: CRM Fiscal Year: 2011 | |||
Consolidated Statements Of Operations | |||
Period Ending Jan 31, 2012 10-K (Filed: Mar 9, 2012) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2012 | Jan 31, 2011 | Jan 31, 2010 | |
| Revenues: | |||
| Subscription and support | $ 2,126,234 | 1,551,145 | 1,209,472 |
| Professional services and other | 140,305 | 105,994 | 96,111 |
| Total revenues | 2,266,539 | 1,657,139 | 1,305,583 |
| Cost of revenues: | |||
| Subscription and support | 360,758 | 208,243 | 159,172 [1] |
| Professional services and other | 128,128 | 115,570 | 98,753 |
| Total cost of revenues | 488,886 | 323,813 | 257,925 |
| Gross profit | 1,777,653 | 1,333,326 | 1,047,658 |
| Operating expenses: | |||
| Research and development | 295,347 | 187,887 | 131,897 |
| Marketing and sales | 1,169,610 | 792,029 | 605,199 |
| General and administrative | 347,781 | 255,913 | 195,290 |
| Total operating expenses | 1,812,738 | 1,235,829 | 932,386 |
| Income (loss) from operations | (35,085) | 97,497 | 115,272 |
| Investment income | 23,268 | 37,735 | 30,408 |
| Interest expense | (17,045) | (24,909) | (2,000) |
| Other expense | (4,455) | (6,025) | (1,299) |
| Income (loss) before benefit (provision) for income taxes and noncontrolling interest | (33,317) | 104,298 | 142,381 |
| Benefit (provision) for income taxes | 21,745 | (34,601) | (57,689) |
| Consolidated net income (loss) | (11,572) | 69,697 | 84,692 |
| Less: Net income attributable to noncontrolling interest | 0 | (5,223) | (3,973) |
| Net income (loss) attributable to salesforce.com | (11,572) | 64,474 | 80,719 |
| Earnings per share-basic and diluted: | |||
| Basic net income (loss) per share attributable to salesforce.com common shareholders | (0.09) | 0.50 | 0.65 |
| Diluted net income (loss) per share attributable to salesforce.com common shareholders | (0.09) | 0.47 | 0.63 |
| Shares used in computing basic net income (loss) per share | 135,302 | 130,222 | 124,462 |
| Shares used in computing diluted net income (loss) per share | 135,302 | 136,598 | 128,114 |
| [1] Amounts include amortization of purchased intangibles from business combinations, as follows: Fiscal Year Ended January 31, 2012 2011 2010 Cost of revenues $ 60,069 $ 15,459 $ 8,010 Marketing and sales 7,250 4,209 3,241 | Amounts include stock-based expenses, as follows: Fiscal Year Ended January 31, 2012 2011 2010 Cost of revenues $ 17,451 $ 12,158 $ 12,570 Research and development 45,894 18,897 13,129 Marketing and sales 115,730 56,451 39,722 General and administrative 50,183 32,923 23,471 | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SALESFORCE, INC. | |||
Ticker: CRM Fiscal Year: 2011 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Jan 31, 2012 10-K (Filed: Mar 9, 2012) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2012 | Jan 31, 2011 | Jan 31, 2010 | |
| Operating activities | |||
| Consolidated net income (loss) | $ (11,572) | 69,697 | 84,692 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 157,286 | 75,746 | 53,177 |
| Amortization of debt discount and transaction costs | 10,347 | 19,621 | 728 |
| Amortization of deferred commissions | 107,195 | 80,159 | 63,891 |
| Expenses related to stock-based awards | 229,258 | 120,429 | 88,892 |
| Excess tax benefits from employee stock plans | (6,018) | (35,991) | (51,539) |
| Changes in assets and liabilities: | |||
| Accounts receivable, net | (244,947) | (102,507) | (54,522) |
| Deferred commissions | (167,199) | (121,247) | (82,336) |
| Prepaid expenses and other current assets | (10,736) | 2,001 | (3,899) |
| Other assets | 2,883 | (9,770) | (1,405) |
| Accounts payable | 12,644 | 1,246 | (1,588) |
| Accrued expenses and other current liabilities | 67,692 | 132,004 | 64,498 |
| Deferred revenue | 444,674 | 227,693 | 110,322 |
| Net cash provided by operating activities | 591,507 | 459,081 | 270,911 |
| Investing activities | |||
| Business combinations, net of cash acquired | (422,699) | (403,331) | (11,999) |
| Land activity and building improvements | (19,655) | (277,944) | 0 |
| Strategic investments | (37,370) | (20,105) | (4,400) |
| Purchases of marketable securities | (623,231) | (1,682,549) | (1,317,952) |
| Sales of marketable securities | 724,564 | 1,197,492 | 874,573 |
| Maturities of marketable securities | 40,346 | 214,770 | 130,663 |
| Capital expenditures | (151,645) | (90,887) | (49,501) |
| Net cash used in investing activities | (489,690) | (1,062,554) | (378,616) |
| Financing activities | |||
| Proceeds from borrowings on convertible debt | 0 | 0 | 567,094 |
| Proceeds from issuance of warrants | 0 | 0 | 59,283 |
| Purchase of convertible note hedge | 0 | 0 | (126,500) |
| Purchase of subsidiary stock | 0 | (171,964) | 0 |
| Proceeds from equity plans | 116,565 | 160,402 | 93,856 |
| Excess tax benefits from employee stock plans | 6,018 | 35,991 | 51,539 |
| Contingent consideration payment related to prior business combinations | (16,200) | 0 | 0 |
| Principal payments on capital lease obligations | (30,533) | (10,355) | (8,119) |
| Net cash provided by financing activities | 75,850 | 14,074 | 637,153 |
| Effect of exchange rate changes | 5,325 | 2,385 | (1,976) |
| Net increase (decrease) in cash and cash equivalents | 182,992 | (587,014) | 527,472 |
| Cash and cash equivalents, beginning of period | 424,292 | 1,011,306 | |
| Cash and cash equivalents, end of period | 607,284 | 424,292 | 1,011,306 |
| Supplemental cash flow disclosure: | |||
| Cash paid during the period for: | |||
| Interest | 6,587 | 5,290 | 1,069 |
| Income taxes, net of tax refunds | 20,981 | 90 | 28,479 |
| Non-cash financing and investing activities: | |||
| Fixed assets acquired under capital leases | 57,839 | 13,224 | 17,000 |
| Fair value of stock options assumed | 7,318 | 0 | 0 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
SALESFORCE, INC. | ||
Ticker: CRM Fiscal Year: 2011 | ||
Consolidated Balance Sheets | ||
Period Ending Jan 31, 2012 10-K (Filed: Mar 9, 2012) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Jan 31, 2012 | Jan 31, 2011 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 607,284 | 424,292 |
| Short-term marketable securities | 170,582 | 72,678 |
| Accounts receivable, net of allowance for doubtful accounts of $1,273 and $1,711 at January 31, 2012 and 2011, respectively | 683,745 | 426,943 |
| Deferred commissions | 98,471 | 67,774 |
| Deferred income taxes | 31,821 | 27,516 |
| Prepaid expenses and other current assets | 80,319 | 55,721 |
| Total current assets | 1,672,222 | 1,074,924 |
| Marketable securities, noncurrent | 669,308 | 910,587 |
| Property and equipment, net | 527,946 | 387,174 |
| Deferred commissions, noncurrent | 78,149 | 48,842 |
| Deferred income taxes, noncurrent | 87,587 | 41,199 |
| Capitalized software, net | 188,412 | 127,987 |
| Goodwill | 785,381 | 396,081 |
| Other assets, net | 155,149 | 104,371 |
| Total assets | 4,164,154 | 3,091,165 |
| Liabilities, temporary equity and stockholders' equity | ||
| Current liabilities: | ||
| Accounts payable | 33,258 | 18,106 |
| Accrued expenses and other current liabilities | 502,442 | 345,121 |
| Deferred revenue | 1,291,622 | 913,239 |
| Convertible senior notes, net | 496,149 | 0 |
| Total current liabilities | 2,323,471 | 1,276,466 |
| Convertible senior notes, net | 0 | 472,538 |
| Income taxes payable, noncurrent | 37,258 | 18,481 |
| Long-term lease liabilities and other | 48,651 | 25,487 |
| Deferred revenue, noncurrent | 88,673 | 21,702 |
| Total liabilities | 2,498,053 | 1,814,674 |
| Temporary equity | 78,741 | 0 |
| Commitments and contingencies (Notes 7 and 8) | ||
| Stockholders' equity: | ||
| Preferred stock, $0.001 par value; 5,000,000 shares authorized and none issued and outstanding | 0 | 0 |
| Common stock, $0.001 par value; 400,000,000 shares authorized, 137,036,541 and 132,921,147 issued and outstanding at January 31, 2012 and 2011, respectively | 137 | 133 |
| Additional paid-in capital | 1,415,077 | 1,098,604 |
| Accumulated other comprehensive income | 12,683 | 6,719 |
| Retained earnings | 159,463 | 171,035 |
| Total stockholders' equity | 1,587,360 | 1,276,491 |
| Total liabilities, temporary equity and stockholders' equity | 4,164,154 | 3,091,165 |
| External Links | |
| SALESFORCE, INC. (CRM) Fiscal Year 2011 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |