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: 2021 | |||
Consolidated Statements of Operations | |||
Period Ending Jan 31, 2022 10-K (Filed: Mar 11, 2022) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | |
| Revenues: | |||
| Total revenues | $ 26,492 | 21,252 | 17,098 |
| Cost of revenues: | |||
| Total cost of revenues | 7,026 | 5,438 | 4,235 [1] |
| Gross profit | 19,466 | 15,814 | 12,863 |
| Operating expenses: | |||
| Research and development | 4,465 | 3,598 | 2,766 |
| Marketing and sales | 11,855 | 9,674 | 7,930 |
| General and administrative | 2,598 | 2,087 | 1,704 |
| Loss on settlement of Salesforce.org reseller agreement | 0 | 0 | 166 |
| Total operating expenses | 18,918 | 15,359 | 12,566 |
| Income from operations | 548 | 455 | 297 |
| Gains on strategic investments, net | 1,211 | 2,170 | 427 |
| Other expense | (227) | (64) | (18) |
| Income before benefit from (provision for) income taxes | 1,532 | 2,561 | 706 |
| Benefit from (provision for) income taxes | (88) | 1,511 | (580) |
| Net income | 1,444 | 4,072 | 126 |
| Basic net income per share (in dollars per share) | 1.51 | 4.48 | 0.15 |
| Diluted net income per share (in dollars per share) | 1.48 | 4.38 | 0.15 |
| Shares used in computing basic net income per share (in shares) | 955 | 908 | 829 |
| Shares used in computing diluted net income per share (in shares) | 974 | 930 | 850 |
| Product and Service | |||
| Subscription and support | |||
| Total revenues | 24,657 | 19,976 | 16,043 |
| Total cost of revenues | 5,059 | 4,154 | 3,198 |
| Professional services and other | |||
| Total revenues | 1,835 | 1,276 | 1,055 |
| Total cost of revenues | 1,967 | 1,284 | 1,037 |
| [1] Amounts include amortization of intangible assets acquired through business combinations, as follows:Fiscal Year Ended January 31,202220212020Cost of revenues$897 $662 $440 Marketing and sales727 459 352 | Amounts include stock-based expense, as follows: Fiscal Year Ended January 31, 202220212020Cost of revenues$386 $241 $204 Research and development918 703 510 Marketing and sales1,104 941 852 General and administrative371 305 219 | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SALESFORCE, INC. | |||
Ticker: CRM Fiscal Year: 2021 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Jan 31, 2022 10-K (Filed: Mar 11, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | |
| Net income | $ 1,444 | 4,072 | 126 |
| Other comprehensive income (loss), net of reclassification adjustments: | |||
| Foreign currency translation and other gains (losses) | (55) | 40 | (59) |
| Unrealized gains (losses) on marketable securities and privately held debt securities | (83) | 15 | 26 |
| Other comprehensive income (loss), before tax | (138) | 55 | (33) |
| Tax effect | 14 | (4) | (2) |
| Other comprehensive income (loss), net | (124) | 51 | (35) |
| Comprehensive income | 1,320 | 4,123 | 91 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SALESFORCE, INC. | |||
Ticker: CRM Fiscal Year: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 31, 2022 10-K (Filed: Mar 11, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | |
| Operating activities: | |||
| Net income | $ 1,444 | 4,072 | 126 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 3,298 | 2,846 | 2,135 |
| Amortization of costs capitalized to obtain revenue contracts, net | 1,348 | 1,058 | 876 |
| Stock-based expense | 2,779 | 2,190 | 1,785 |
| Loss on settlement of Salesforce.org reseller agreement | 0 | 0 | 166 |
| Gains on strategic investments, net | (1,211) | (2,170) | (427) |
| Tax benefit from intra-entity transfer of intangible property | 0 | (2,003) | 0 |
| Changes in assets and liabilities, net of business combinations: | |||
| Accounts receivable, net | (1,824) | (1,556) | (1,000) |
| Costs capitalized to obtain revenue contracts, net | (2,283) | (1,645) | (1,130) |
| Prepaid expenses and other current assets and other assets | 114 | (133) | (119) |
| Accounts payable and accrued expenses and other liabilities | 507 | 1,100 | 982 |
| Operating lease liabilities | (801) | (830) | (728) |
| Unearned revenue | 2,629 | 1,872 | 1,665 |
| Net cash provided by operating activities | 6,000 | 4,801 | 4,331 |
| Investing activities: | |||
| Business combinations, net of cash acquired | (14,876) | (1,281) | (369) |
| Purchases of strategic investments | (1,718) | (1,069) | (768) |
| Sales of strategic investments | 2,201 | 1,051 | 434 |
| Purchases of marketable securities | (5,674) | (4,833) | (3,857) |
| Sales of marketable securities | 4,179 | 1,836 | 1,444 |
| Maturities of marketable securities | 2,069 | 1,035 | 779 |
| Capital expenditures | (717) | (710) | (643) |
| Net cash used in investing activities | (14,536) | (3,971) | (2,980) |
| Financing activities: | |||
| Proceeds from issuance of debt, net of issuance costs | 7,906 | (20) | 0 |
| Repayments of Slack Convertible Notes, net of capped call proceeds (Note 9) | (1,197) | 0 | 0 |
| Proceeds from employee stock plans | 1,289 | 1,321 | 840 |
| Principal payments on financing obligations | (156) | (103) | (173) |
| Repayments of debt | (4) | (4) | (503) |
| Net cash provided by financing activities | 7,838 | 1,194 | 164 |
| Effect of exchange rate changes | (33) | 26 | (39) |
| Net increase (decrease) in cash and cash equivalents | (731) | 2,050 | 1,476 |
| Cash and cash equivalents, beginning of period | 6,195 | 4,145 | |
| Cash and cash equivalents, end of period | 5,464 | 6,195 | 4,145 |
| Supplemental cash flow disclosure: | |||
| Cash paid during the period for: | |||
| Interest | 187 | 96 | 106 |
| Income taxes, net of tax refunds | 196 | 216 | 129 |
| Non-cash investing and financing activities: | |||
| Fair value of equity awards assumed | 205 | 6 | 373 |
| Fair value of common stock issued as consideration for business combinations | 11,064 | 0 | 15,215 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
SALESFORCE, INC. | ||
Ticker: CRM Fiscal Year: 2021 | ||
Consolidated Balance Sheets | ||
Period Ending Jan 31, 2022 10-K (Filed: Mar 11, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Jan 31, 2022 | Jan 31, 2021 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 5,464 | 6,195 |
| Marketable securities | 5,073 | 5,771 |
| Accounts receivable, net | 9,739 | 7,786 |
| Costs capitalized to obtain revenue contracts, net | 1,454 | 1,146 |
| Prepaid expenses and other current assets | 1,120 | 991 |
| Total current assets | 22,850 | 21,889 |
| Property and equipment, net | 2,815 | 2,459 |
| Operating lease right-of-use assets, net | 2,880 | 3,204 |
| Noncurrent costs capitalized to obtain revenue contracts, net | 2,342 | 1,715 |
| Strategic investments | 4,784 | 3,909 |
| Goodwill | 47,937 | 26,318 |
| Intangible assets acquired through business combinations, net | 8,978 | 4,114 |
| Deferred tax assets and other assets, net | 2,623 | 2,693 |
| Total assets | 95,209 | 66,301 |
| Liabilities and stockholders equity | ||
| Current liabilities: | ||
| Accounts payable, accrued expenses and other liabilities | 5,474 | 4,355 |
| Operating lease liabilities, current | 686 | 766 |
| Unearned revenue | 15,628 | 12,607 |
| Total current liabilities | 21,788 | 17,728 |
| Noncurrent debt | 10,592 | 2,673 |
| Noncurrent operating lease liabilities | 2,703 | 2,842 |
| Other noncurrent liabilities | 1,995 | 1,565 |
| Total liabilities | 37,078 | 24,808 |
| Commitments and contingencies (See Notes 6 and 13) | ||
| Stockholders equity: | ||
| Preferred stock, $0.001 par value; 5 shares authorized and none issued and outstanding | 0 | 0 |
| Common stock, $0.001 par value; 1,600 shares authorized, 989 and 919 issued and outstanding at January 31, 2022 and 2021, respectively | 1 | 1 |
| Additional paid-in capital | 50,919 | 35,601 |
| Accumulated other comprehensive loss | (166) | (42) |
| Retained earnings | 7,377 | 5,933 |
| Total stockholders equity | 58,131 | 41,493 |
| Total liabilities and stockholders equity | 95,209 | 66,301 |
| External Links | |
| SALESFORCE, INC. (CRM) Fiscal Year 2021 | |
| 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 |