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: 2014 | |||
Consolidated Statements of Operations | |||
Period Ending Jan 31, 2015 10-K (Filed: Mar 6, 2015) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2015 | Jan 31, 2014 | Jan 31, 2013 | |
| Revenues: | |||
| Subscription and support | $ 5,013,764 | 3,824,542 | 2,868,808 |
| Professional services and other | 359,822 | 246,461 | 181,387 |
| Total revenues | 5,373,586 | 4,071,003 | 3,050,195 |
| Cost of revenues: | |||
| Subscription and support | 924,638 | 711,880 | 494,187 |
| Professional services and other | 364,632 | 256,548 | 189,392 |
| Total cost of revenues | 1,289,270 | 968,428 | 683,579 |
| Gross profit | 4,084,316 | 3,102,575 | 2,366,616 |
| Operating expenses: | |||
| Research and development | 792,917 | 623,798 | 429,479 [1] |
| Marketing and sales | 2,757,096 | 2,168,132 | 1,614,026 |
| General and administrative | 679,936 | 596,719 | 433,821 |
| Total operating expenses | 4,229,949 | 3,388,649 | 2,477,326 |
| Loss from operations | (145,633) | (286,074) | (110,710) |
| Investment income | 10,038 | 10,218 | 19,562 |
| Interest expense | (73,237) | (77,211) | (30,948) |
| Gain on sales of land and building improvements | 15,625 | 0 | 0 |
| Other expense | (19,878) | (4,868) | (5,698) |
| Loss before benefit from (provision for) income taxes | (213,085) | (357,935) | (127,794) |
| Benefit from (provision for) income taxes | (49,603) | 125,760 | (142,651) |
| Net loss | (262,688) | (232,175) | (270,445) |
| Basic net loss per share (in dollars per share) | (0.42) | (0.39) | (0.48) |
| Diluted net loss per share (in dollars per share) | (0.42) | (0.39) | (0.48) |
| Shares used in computing basic net loss per share (in shares) | 624,148 | 597,613 | 564,896 |
| Shares used in computing diluted net loss per share (in shares) | 624,148 | 597,613 | 564,896 |
| [1] Amounts include stock-based expenses, as follows: Fiscal Year Ended January 31, 2015 2014 2013Cost of revenues $53,812 $45,608 $33,757Research and development 121,193 107,420 76,333Marketing and sales 286,410 258,571 199,284General and administrative 103,350 91,681 69,976 | Amounts include amortization of purchased intangibles from business combinations, as follows: Fiscal Year Ended January 31, 2015 2014 2013Cost of revenues $90,300 $109,356 $77,249Marketing and sales 64,673 37,179 10,922 | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SALESFORCE, INC. | |||
Ticker: CRM Fiscal Year: 2014 | |||
Consolidated Statements of Comprehensive Loss | |||
Period Ending Jan 31, 2015 10-K (Filed: Mar 6, 2015) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2015 | Jan 31, 2014 | Jan 31, 2013 | |
| Net loss | $ (262,688) | (232,175) | (270,445) |
| Other comprehensive income (loss), before tax and net of reclassification adjustments: | |||
| Foreign currency translation and other gains (losses) | (43,276) | (4,930) | 4,783 |
| Unrealized gains (losses) on investments | 1,488 | 8,120 | (329) |
| Other comprehensive income (loss), before tax | (41,788) | 3,190 | 4,454 |
| Tax effect | 0 | (2,647) | 0 |
| Other comprehensive income (loss), net of tax | (41,788) | 543 | 4,454 |
| Comprehensive loss | (304,476) | (231,632) | (265,991) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SALESFORCE, INC. | |||
Ticker: CRM Fiscal Year: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 31, 2015 10-K (Filed: Mar 6, 2015) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2015 | Jan 31, 2014 | Jan 31, 2013 | |
| Operating activities: | |||
| Net loss | $ (262,688) | (232,175) | (270,445) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization | 448,296 | 369,423 | 216,795 |
| Amortization of debt discount and transaction costs | 39,620 | 49,582 | 24,086 |
| Gain on sales of land and building improvements | (15,625) | 0 | 0 |
| Loss on conversions of convertible senior notes | 10,326 | 214 | 0 |
| Amortization of deferred commissions | 257,642 | 194,553 | 154,818 |
| Expenses related to employee stock plans | 564,765 | 503,280 | 379,350 |
| Excess tax benefits from employee stock plans | (7,730) | (8,144) | (14,933) |
| Changes in assets and liabilities, net of business combinations: | |||
| Accounts receivable, net | (544,610) | (424,702) | (183,242) |
| Deferred commissions | (320,904) | (265,080) | (232,591) |
| Prepaid expenses and other current assets and other assets | 45,819 | 105,218 | (9,718) |
| Accounts payable, accrued expenses and other liabilities | 159,973 | (29,043) | 193,358 |
| Deferred revenue | 798,830 | 612,343 | 479,419 |
| Net cash provided by operating activities | 1,173,714 | 875,469 | 736,897 |
| Investing activities: | |||
| Business combinations, net of cash acquired | 38,071 | (2,617,302) | (579,745) |
| Proceeds from land activity, net | 223,240 | 0 | (4,106) |
| Deposit for purchase of building and land | (126,435) | 0 | 0 |
| Strategic investments | (93,725) | (31,160) | (9,695) |
| Purchases of marketable securities | (780,540) | (558,703) | (1,021,287) |
| Sales of marketable securities | 243,845 | 1,038,284 | 706,893 |
| Maturities of marketable securities | 87,638 | 36,436 | 144,623 |
| Capital expenditures | (290,454) | (299,110) | (175,601) |
| Net cash used in investing activities | (698,360) | (2,431,555) | (938,918) |
| Financing activities: | |||
| Proceeds from borrowings on convertible senior notes, net | 0 | 1,132,750 | 0 |
| Proceeds from issuance of warrants | 0 | 84,800 | 0 |
| Purchase of convertible note hedge | 0 | (153,800) | 0 |
| Proceeds from term loan, net | 0 | 298,500 | 0 |
| Proceeds from revolving credit facility, net | 297,325 | 0 | 0 |
| Proceeds from employee stock plans | 308,989 | 289,931 | 351,366 |
| Excess tax benefits from employee stock plans | 7,730 | 8,144 | 14,933 |
| Payments on convertible senior notes | (568,862) | (5,992) | 0 |
| Principal payments on capital lease obligations | (70,663) | (41,099) | (31,754) |
| Payments on term loan | 285,000 | 15,000 | 0 |
| Net cash provided by (used in) financing activities | (310,481) | 1,598,234 | 334,545 |
| Effect of exchange rate changes | (38,391) | (7,758) | 7,437 |
| Net increase in cash and cash equivalents | 126,482 | 34,390 | 139,961 |
| Cash and cash equivalents, beginning of period | 781,635 | 747,245 | |
| Cash and cash equivalents, end of period | 908,117 | 781,635 | 747,245 |
| Supplemental cash flow disclosure: | |||
| Cash paid during the period for: | |||
| Interest | 24,684 | 21,503 | 6,890 |
| Income taxes, net of tax refunds | 36,219 | 28,870 | 53,089 |
| Non-cash financing and investing activities: | |||
| Fixed assets acquired under capital leases | 124,099 | 492,810 | 33,392 |
| Building in progress - leased facility acquired under financing obligation | 85,118 | 40,171 | 0 |
| Fair value of equity awards assumed | 1,050 | 19,037 | 37,898 |
| Fair value of common stock issued as consideration for business combinations | 338,033 | 69,533 | 202,161 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
SALESFORCE, INC. | ||
Ticker: CRM Fiscal Year: 2014 | ||
Consolidated Balance Sheets | ||
Period Ending Jan 31, 2015 10-K (Filed: Mar 6, 2015) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Jan 31, 2015 | Jan 31, 2014 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 908,117 | 781,635 |
| Short-term marketable securities | 87,312 | 57,139 |
| Accounts receivable, net of allowance for doubtful accounts of $8,146 and $4,769 at January 31, 2015 and 2014, respectively | 1,905,506 | 1,360,837 |
| Deferred commissions | 225,386 | 171,461 |
| Prepaid expenses and other current assets | 280,554 | 309,180 |
| Land and building improvements held for sale | 143,197 | 0 |
| Total current assets | 3,550,072 | 2,680,252 |
| Marketable securities, noncurrent | 894,855 | 482,243 |
| Property and equipment, net | 1,125,866 | 1,240,746 |
| Deferred commissions, noncurrent | 162,796 | 153,459 |
| Capitalized software, net | 433,398 | 481,917 |
| Goodwill | 3,782,660 | 3,500,823 |
| Other assets, net | 628,320 | 613,490 |
| Restricted cash | 115,015 | 0 |
| Total assets | 10,692,982 | 9,152,930 |
| Liabilities, temporary equity and stockholders equity | ||
| Current liabilities: | ||
| Accounts payable, accrued expenses and other liabilities | 1,103,335 | 934,324 |
| Deferred revenue | 3,286,768 | 2,473,705 |
| Convertible 0.75% senior notes, net | 0 | 542,159 |
| Term loan, current | 0 | 30,000 |
| Total current liabilities | 4,390,103 | 3,980,188 |
| Convertible 0.25% senior notes, net | 1,070,692 | 1,046,930 |
| Term loan, noncurrent | 0 | 255,000 |
| Revolving credit facility | 300,000 | 0 |
| Deferred revenue, noncurrent | 34,681 | 48,410 |
| Other noncurrent liabilities | 922,323 | 757,187 |
| Total liabilities | 6,717,799 | 6,087,715 |
| Temporary equity | 0 | 26,705 |
| Stockholders equity: | ||
| Preferred stock, $0.001 par value; 5,000 shares authorized and none issued and outstanding | 0 | 0 |
| Common stock, $0.001 par value; 1,600,000 shares authorized, 650,596 and 610,143 issued and outstanding at January 31, 2015 and 2014, respectively | 651 | 610 |
| Additional paid-in capital | 4,604,485 | 3,363,377 |
| Accumulated other comprehensive income (loss) | (24,108) | 17,680 |
| Accumulated deficit | (605,845) | (343,157) |
| Total stockholders equity | 3,975,183 | 3,038,510 |
| Total liabilities, temporary equity and stockholders equity | 10,692,982 | 9,152,930 |
| External Links | |
| SALESFORCE, INC. (CRM) Fiscal Year 2014 | |
| 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 |