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Income Statement Cash Flow Balance Sheet All Statements
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10-K.Info (Beta Test)
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SALESFORCE, INC.

Ticker: CRM   Fiscal Year: 2009

Statement Of Operations

Period Ending Jan 31, 2010 10-K (Filed: Mar 11, 2010)

(In Thousands)
 12 Months Ended12 Months Ended12 Months Ended
 Jan 31, 2010Jan 31, 2009Jan 31, 2008
Revenues:
Subscription and support
$
1,209,472
984,574680,581
Professional services and other96,11192,19568,119
Total revenues1,305,5831,076,769748,700
 
Cost of revenues:
Subscription and support159,172127,08291,268
Professional services and other98,75393,38980,323
Total cost of revenues257,925220,471171,591
 
Gross profit1,047,658856,298577,109
 
Operating expenses:
Research and development131,89799,53063,812
Marketing and sales605,199534,413376,480
General and administrative195,290158,613116,508
Total operating expenses932,386 [1]792,556556,800
 
Income from operations115,27263,74220,309
 
Investment income30,40822,77424,539
Interest expense(2,000)(107)(46)
Gain on sale of investment001,272
Other income (expense)(1,299)(817)139
Income before provision for income taxes and noncontrolling interest142,38185,59246,213
 
Provision for income taxes(57,689)(37,557)(23,385)
Consolidated net income84,69248,03522,828
 
Less: Net income attributable to noncontrolling interest(3,973)(4,607)(4,472)
Net income attributable to salesforce.com80,71943,42818,356
 
Earnings per share-basic and diluted:
Basic net income per share attributable to salesforce.com common shareholders0.650.360.16
Diluted net income per share attributable to salesforce.com common shareholders0.630.350.15
Shares used in computing basic net income per share124,462121,183116,840
Shares used in computing diluted net income per share128,114125,228122,422
[1] Amounts include stock-based expenses, as follows (see Note 1): Fiscal Year EndedJanuary 31, 2010 2009 2008 Cost of revenues $ 12,570 $ 11,051 $ 7,926 Research and development 13,129 9,852 6,336 Marketing and sales 39,722 36,028 25,423 General and administrative 23,471 20,435 15,522
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SALESFORCE, INC.

Ticker: CRM   Fiscal Year: 2009

Statement Of Cash Flows Indirect

Period Ending Jan 31, 2010 10-K (Filed: Mar 11, 2010)

(In Thousands, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Jan 31, 2010Jan 31, 2009Jan 31, 2008
Operating activities
Consolidated net income
$
84,692
48,03522,828
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization53,17735,97124,219
Amortization of debt discount72800
Amortization of deferred commissions63,89158,73242,195
Change in the deferred income tax valuation allowance00(970)
Expense related to stock-based awards88,89277,36655,207
Excess tax benefits from employee stock plans(51,539)(54,597)(31,978)
Loss on securities01,7830
Gain on sale of investment00(1,272)
Changes in assets and liabilities:
Accounts receivable, net(54,522)(44,798)(91,368)
Deferred commissions(82,336)(63,701)(62,759)
Prepaid expenses and other current assets(3,899)(4,746)(11,376)
Other assets(1,405)(1,292)(7,669)
Accounts payable(1,588)8,512(1,392)
Accrued expenses and other current liabilities64,49855,44071,779
Deferred revenue110,322112,852196,831
Net cash provided by operating activities270,911229,557204,275
 
Investing activities
Purchase of subsidiary stock0(21,622)0
Business combinations, net of cash acquired(11,999)(27,907)0
Purchases of marketable securities(1,317,952)(449,035)(447,296)
Sales of marketable securities874,573154,28719,608
Maturities of marketable securities130,663284,339366,872
Capital expenditures(53,901)(61,059)(43,552)
Proceeds from sale of investment001,659
Net cash used in investing activities(378,616)(120,997)(102,709)
 
Financing activities
Proceeds from borrowings on convertible debt567,09400
Proceeds from issuance of warrants59,28300
Purchase of convertible note hedge(126,500)00
Proceeds from the exercise of stock options93,85643,31160,910
Excess tax benefits from employee stock plans51,53954,59731,978
Principal payments on capital lease obligations(8,119)(997)(175)
Net cash provided by financing activities637,15396,91192,713
 
Effect of exchange rate changes(1,976)(732)(1,792)
Net increase in cash and cash equivalents527,472204,739192,487
 
Cash and cash equivalents at beginning of year483,834279,095
Cash and cash equivalents at end of year1,011,306483,834279,095
 
Supplemental cash flow disclosure:
Cash paid during the period for:
Interest1,06910746
Income taxes, net of tax refunds28,4799,6001,564
Noncash financing and investing activities
Fixed assets acquired under capital lease17,0006,4060
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SALESFORCE, INC.

Ticker: CRM   Fiscal Year: 2009

Statement Of Financial Position Classified

Period Ending Jan 31, 2010 10-K (Filed: Mar 11, 2010)

(In Thousands, except shares in actual)
 As ofAs of
 Jan 31, 2010Jan 31, 2009
Assets
Current assets:
Cash and cash equivalents
$
1,011,306
483,834
Short-term marketable securities230,659213,769
Accounts receivable, net of allowance for doubtful accounts of $1,050 and $1,527 at January 31, 2010 and 2009, respectively320,956266,555
Deferred commissions47,38839,384
Deferred income taxes40,11631,900
Prepaid expenses and other current assets55,73433,115
Total current assets1,706,1591,068,557
 
Marketable securities, noncurrent485,083184,962
Fixed assets, net89,71177,027
Deferred commissions, noncurrent28,14017,699
Deferred income taxes, noncurrent27,57926,589
Capitalized software, net34,80929,989
Goodwill48,95544,872
Other assets, net39,76530,127
Total assets2,460,2011,479,822
 
Liabilities and stockholders' equity
Current liabilities:
Accounts payable14,79116,379
Accrued expenses and other current liabilities194,738163,205
Income taxes payable8,4243,619
Deferred revenue690,177583,763
Total current liabilities908,130766,966
 
0.75% Convertible senior notes due 2015, net450,1980
Income taxes payable, noncurrent17,55112,490
Long-term lease liabilities and other13,4857,616
Deferred revenue, noncurrent14,17110,263
Total liabilities1,403,535797,335
 
Commitments and contingencies (Notes 8 and 9)  
Salesforce.com stockholders' equity:
Preferred stock, $0.001 par value; 5,000,000 shares authorized and none issued and outstanding00
Common stock, $0.001 par value; 400,000,000 shares authorized, 127,152,449 and 122,850,062 issued and outstanding at January 31, 2010 and 2009, respectively127123
Additional paid-in capital938,544648,724
Accumulated other comprehensive loss(1,430)(2,905)
Retained earnings106,56125,842
Total stockholders' equity controlling interest1,043,802671,784
 
Total stockholders' equity noncontrolling interest12,86410,703
Total stockholders' equity1,056,666682,487
 
Total liabilities and stockholders' equity2,460,2011,479,822
 
External Links 
SALESFORCE, INC. (CRM) Fiscal Year 2009
Statements of 10-K in Excel https://www.sec.gov/.../Financial.xlxs
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Complete 10-K in XBRL https://www.sec.gov/.../10-K-xbrl.zip