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: 2012 | |||
Consolidated Statements of Operations | |||
Period Ending Jan 31, 2013 10-K (Filed: Mar 8, 2013) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2013 | Jan 31, 2012 | Jan 31, 2011 | |
| Revenues: | |||
| Subscription and support | $ 2,868,808 | 2,126,234 | 1,551,145 |
| Professional services and other | 181,387 | 140,305 | 105,994 |
| Total revenues | 3,050,195 | 2,266,539 | 1,657,139 |
| Cost of revenues: | |||
| Subscription and support | 494,187 | 360,758 | 208,243 |
| Professional services and other | 189,392 | 128,128 | 115,570 |
| Total cost of revenues | 683,579 | 488,886 | 323,813 |
| Gross profit | 2,366,616 | 1,777,653 | 1,333,326 |
| Operating expenses: | |||
| Research and development | 429,479 [1] | 295,347 | 187,887 |
| Marketing and sales | 1,614,026 | 1,169,610 | 792,029 |
| General and administrative | 433,821 | 347,781 | 255,913 |
| Total operating expenses | 2,477,326 | 1,812,738 | 1,235,829 |
| Income (loss) from operations | (110,710) | (35,085) | 97,497 |
| Investment income | 19,562 | 23,268 | 37,735 |
| Interest expense | (30,948) | (17,045) | (24,909) |
| Other expense | (5,698) | (4,455) | (6,025) |
| Income (loss) before benefit (provision) for income taxes and noncontrolling interest | (127,794) | (33,317) | 104,298 |
| Benefit from (provision for) income taxes | (142,651) | 21,745 | (34,601) |
| Consolidated net income (loss) | (270,445) | (11,572) | 69,697 |
| Less: Net income attributable to noncontrolling interest | 0 | 0 | (5,223) |
| Net income (loss) attributable to salesforce.com | (270,445) | (11,572) | 64,474 |
| Earnings per share-basic and diluted: | |||
| Basic net income (loss) per share attributable to salesforce.com common shareholders | (1.92) | (0.09) | 0.50 |
| Diluted net income (loss) per share attributable to salesforce.com common shareholders | (1.92) | (0.09) | 0.47 |
| Shares used in computing basic net income (loss) per share | 141,224 | 135,302 | 130,222 |
| Shares used in computing diluted net income (loss) per share | 141,224 | 135,302 | 136,598 |
| [1] Amounts include amortization of purchased intangibles from business combinations, as follows: Fiscal Year Ended January 31, 2013 2012 2011 Cost of revenues $ 77,249 $ 60,069 $ 15,459 Marketing and sales 10,922 7,250 4,209 | Amounts include stock-based expenses, as follows: Fiscal Year Ended January 31, 2013 2012 2011 Cost of revenues $ 33,757 $ 17,451 $ 12,158 Research and development 76,333 45,894 18,897 Marketing and sales 199,284 115,730 56,451 General and administrative 69,976 50,183 32,923 | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SALESFORCE, INC. | |||
Ticker: CRM Fiscal Year: 2012 | |||
Consolidated Statements of Comprehensive Income (Loss) | |||
Period Ending Jan 31, 2013 10-K (Filed: Mar 8, 2013) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2013 | Jan 31, 2012 | Jan 31, 2011 | |
| Net income (loss) attributable to salesforce.com | $ (270,445) | (11,572) | 64,474 |
| Other comprehensive income (loss) attributable to salesforce.com, before tax and net of reclassification adjustments: | |||
| Foreign currency translation and other gains | 4,783 | 9,512 | 5,709 |
| Unrealized gains (losses) on investments | (329) | (5,658) | 3,872 |
| Other comprehensive income attributable to salesforce.com, before tax | 4,454 | 3,854 | 9,581 |
| Tax effect | 0 | 2,110 | (1,432) |
| Other comprehensive income attributable to salesforce.com, net of tax | 4,454 | 5,964 | 8,149 |
| Comprehensive income (loss) attributable to salesforce.com | (265,991) | (5,608) | 72,623 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SALESFORCE, INC. | |||
Ticker: CRM Fiscal Year: 2012 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 31, 2013 10-K (Filed: Mar 8, 2013) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2013 | Jan 31, 2012 | Jan 31, 2011 | |
| Operating activities: | |||
| Consolidated net income (loss) | $ (270,445) | (11,572) | 69,697 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 216,795 | 157,286 | 75,746 |
| Amortization of debt discount and transaction costs | 24,086 | 10,347 | 19,621 |
| Amortization of deferred commissions | 154,818 | 107,195 | 80,159 |
| Expenses related to employee stock plans | 379,350 | 229,258 | 120,429 |
| Excess tax benefits from employee stock plans | (14,933) | (6,018) | (35,991) |
| Changes in assets and liabilities, net of business combinations: | |||
| Accounts receivable, net | (183,242) | (244,947) | (102,507) |
| Deferred commissions | (232,591) | (167,199) | (121,247) |
| Prepaid expenses and other current assets | (20,840) | (10,736) | 2,001 |
| Other assets | 11,122 | 2,883 | (9,770) |
| Accounts payable, accrued expenses, deferred income taxes and other liabilities | 193,358 | 80,336 | 133,250 |
| Deferred revenue | 479,419 | 444,674 | 227,693 |
| Net cash provided by operating activities | 736,897 | 591,507 | 459,081 |
| Investing activities: | |||
| Business combinations, net of cash acquired | (579,745) | (422,699) | (403,331) |
| Land activity and building improvements | (4,106) | (19,655) | (277,944) |
| Strategic investments | (9,695) | (37,370) | (20,105) |
| Purchases of marketable securities | (1,021,287) | (623,231) | (1,682,549) |
| Sales of marketable securities | 706,893 | 724,564 | 1,197,492 |
| Maturities of marketable securities | 144,623 | 40,346 | 214,770 |
| Capital expenditures | (175,601) | (151,645) | (90,887) |
| Net cash used in investing activities | (938,918) | (489,690) | (1,062,554) |
| Financing activities: | |||
| Purchase of subsidiary stock | 0 | 0 | (171,964) |
| Proceeds from employee stock plans | 351,366 | 116,565 | 160,402 |
| Excess tax benefits from employee stock plans | 14,933 | 6,018 | 35,991 |
| Contingent consideration payment related to prior business combinations | 0 | (16,200) | 0 |
| Principal payments on capital lease obligations | (31,754) | (30,533) | (10,355) |
| Net cash provided by financing activities | 334,545 | 75,850 | 14,074 |
| Effect of exchange rate changes | 7,437 | 5,325 | 2,385 |
| Net increase (decrease) in cash and cash equivalents | 139,961 | 182,992 | (587,014) |
| Cash and cash equivalents, beginning of period | 607,284 | 424,292 | |
| Cash and cash equivalents, end of period | 747,245 | 607,284 | 424,292 |
| Supplemental cash flow disclosure: | |||
| Cash paid during the period for: | |||
| Interest, net | 6,890 | 6,587 | 5,290 |
| Income taxes, net of tax refunds | 53,089 | 20,981 | 90 |
| Non-cash financing and investing activities: | |||
| Fixed assets acquired under capital leases | 33,392 | 57,839 | 13,224 |
| Fair value of equity awards assumed | 37,898 | 7,318 | 0 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
SALESFORCE, INC. | ||
Ticker: CRM Fiscal Year: 2012 | ||
Consolidated Balance Sheets | ||
Period Ending Jan 31, 2013 10-K (Filed: Mar 8, 2013) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Jan 31, 2013 | Jan 31, 2012 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 747,245 | 607,284 |
| Short-term marketable securities | 120,376 | 170,582 |
| Accounts receivable, net | 872,634 | 683,745 |
| Deferred commissions | 142,311 | 98,471 |
| Deferred income taxes, net | 7,321 | 31,821 |
| Prepaid expenses and other current assets | 125,993 | 80,319 |
| Total current assets | 2,015,880 | 1,672,222 |
| Marketable securities, noncurrent | 890,664 | 669,308 |
| Property and equipment, net | 604,669 | 527,946 |
| Deferred commissions, noncurrent | 112,082 | 78,149 |
| Deferred income taxes, noncurrent, net | 19,212 | 87,587 |
| Capitalized software, net | 207,323 | 188,412 |
| Goodwill | 1,529,378 | 785,381 |
| Other assets, net | 149,748 | 155,149 |
| Total assets | 5,528,956 | 4,164,154 |
| Liabilities, temporary equity and stockholders' equity | ||
| Current liabilities: | ||
| Accounts payable, accrued expenses and other liabilities | 597,706 | 512,260 |
| Deferred revenue | 1,798,640 | 1,291,622 |
| Convertible senior notes, net | 521,278 | 496,149 |
| Total current liabilities | 2,917,624 | 2,300,031 |
| Income taxes payable, noncurrent | 49,074 | 37,258 |
| Long-term lease liabilities and other | 126,658 | 72,091 |
| Deferred revenue, noncurrent | 64,355 | 88,673 |
| Total liabilities | 3,157,711 | 2,498,053 |
| Temporary equity | 53,612 | 78,741 |
| 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, 146,406,655 and 137,036,541 issued and outstanding at January 31, 2013 and 2012, respectively | 146 | 137 |
| Additional paid-in capital | 2,411,332 | 1,415,077 |
| Accumulated other comprehensive income | 17,137 | 12,683 |
| Retained earnings (accumulated deficit) | (110,982) | 159,463 |
| Total stockholders' equity | 2,317,633 | 1,587,360 |
| Total liabilities, temporary equity and stockholders' equity | 5,528,956 | 4,164,154 |
| External Links | |
| SALESFORCE, INC. (CRM) Fiscal Year 2012 | |
| 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 |