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: 2017 | |||
Consolidated Statements of Operations | |||
Period Ending Jan 31, 2018 10-K (Filed: Mar 9, 2018) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 | |
| Revenues: | |||
| Subscription and support | $ 9,710,538 | 7,756,205 | 6,205,599 |
| Professional services and other | 769,474 | 635,779 | 461,617 |
| Total revenues | 10,480,012 | 8,391,984 | 6,667,216 |
| Cost of revenues: | |||
| Subscription and support | 2,033,457 | 1,617,315 | 1,241,692 |
| Professional services and other | 740,065 | 616,724 | 412,856 |
| Total cost of revenues | 2,773,522 | 2,234,039 | 1,654,548 |
| Gross profit | 7,706,490 | 6,157,945 | 5,012,668 |
| Operating expenses: | |||
| Research and development | 1,553,073 | 1,208,127 | 946,300 |
| Marketing and sales | 4,829,291 | 3,918,027 | 3,239,824 |
| General and administrative | 1,088,358 | 967,563 | 748,238 |
| Operating lease termination resulting from purchase of 50 Fremont | 0 | 0 | (36,617) |
| Total operating expenses | 7,470,722 [1] | 6,093,717 | 4,897,745 |
| Income (loss) from operations | 235,768 | 64,228 | 114,923 |
| Investment income | 35,848 | 27,374 | 15,341 |
| Interest expense | (86,943) | (88,988) | (72,485) |
| Other income (expense) | 17,435 | 9,072 | (15,292) [2] |
| Gain on sales of land and building improvements | 0 | 0 | 21,792 |
| Gains from acquisitions of strategic investments | 0 | 13,697 | 0 |
| Income (loss) before benefit from (provision for) income taxes | 202,108 | 25,383 | 64,279 |
| Benefit from (provision for) income taxes | (74,630) | 154,249 | (111,705) |
| Net income (loss) | 127,478 | 179,632 | (47,426) |
| Basic net income (loss) per share (in dollars per share) | 0.18 | 0.26 | (0.07) |
| Diluted net income (loss) per share (in dollars per share) | 0.17 | 0.26 | (0.07) |
| Shares used in computing basic net income (loss) per share (in shares) | 714,919 | 687,797 | 661,647 |
| Shares used in computing diluted net income (loss) per share (in shares) | 734,598 | 700,217 | 661,647 |
| [1] Amounts include stock-based expense, as follows: Fiscal Year Ended January 31, 2018 2017 2016Cost of revenues$129,954 $107,457 $69,443Research and development259,838 187,487 129,434Marketing and sales468,553 388,937 289,152General and administrative138,668 136,486 105,599 | |||
| [2] Amounts include amortization of purchased intangibles from business combinations, as follows: Fiscal Year Ended January 31, 2018 2017 2016Cost of revenues$165,545 $127,676 $80,918Marketing and sales121,340 97,601 77,152Other income (expense)1,433 2,491 3,636 | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SALESFORCE, INC. | |||
Ticker: CRM Fiscal Year: 2017 | |||
Consolidated Statements of Comprehensive Income (Loss) | |||
Period Ending Jan 31, 2018 10-K (Filed: Mar 9, 2018) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 | |
| Net income (loss) | $ 127,478 | 179,632 | (47,426) |
| Other comprehensive income (loss), before tax and net of reclassification adjustments: | |||
| Foreign currency translation and other gains (losses) | 52,072 | (43,070) | (16,616) |
| Unrealized gains (losses) on marketable securities and strategic investments (See Note 2) | (4,497) | 14,500 | (9,193) |
| Other comprehensive income (loss), before tax | 47,575 | (28,570) | (25,809) |
| Tax effect | 1,124 | 2,646 | 0 |
| Other comprehensive income (loss), net of tax | 48,699 | (25,924) | (25,809) |
| Comprehensive income (loss) | 176,177 | 153,708 | (73,235) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SALESFORCE, INC. | |||
Ticker: CRM Fiscal Year: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 31, 2018 10-K (Filed: Mar 9, 2018) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 | |
| Operating activities: | |||
| Net income (loss) | $ 127,478 | 179,632 | (47,426) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 752,600 | 632,245 | 525,750 |
| Amortization of debt discount and issuance costs | 31,267 | 30,541 | 27,467 |
| Gain on sales of land and building improvements | 0 | 0 | (21,792) |
| Gains from acquisitions of strategic investments | 0 | (13,697) | 0 |
| 50 Fremont lease termination | 0 | 0 | (36,617) |
| Amortization of deferred commissions | 464,662 | 371,541 | 319,074 |
| Expenses related to employee stock plans | 997,013 | 820,367 | 593,628 |
| Changes in assets and liabilities, net of business combinations: | |||
| Accounts receivable, net | (720,019) | (628,477) | (582,425) |
| Deferred commissions | (799,305) | (462,030) | (380,022) |
| Prepaid expenses and other current assets and other assets | 24,140 | (28,850) | 50,772 |
| Accounts payable, accrued expenses and other liabilities | 308,225 | 49,953 | 253,986 |
| Deferred revenue | 1,551,904 | 1,210,973 | 969,686 |
| Net cash provided by operating activities | 2,737,965 | 2,162,198 | 1,672,081 |
| Investing activities: | |||
| Business combinations, net of cash acquired | (25,391) | (3,192,739) | (58,680) |
| Proceeds from land and building improvements held for sale | 0 | 0 | 127,066 |
| Purchase of 50 Fremont land and building | 0 | 0 | (425,376) |
| Deposit for purchase of 50 Fremont land and building | 0 | 0 | 115,015 |
| Non-refundable amounts received for sale of land available for sale | 0 | 0 | 6,284 |
| Purchases of strategic investments | (216,438) | (110,329) | (386,219) |
| Sales of strategic investments | 130,732 | 80,342 | 19,700 |
| Purchases of marketable securities | (2,003,115) | (1,070,412) | (1,139,267) |
| Sales of marketable securities | 558,614 | 2,005,301 | 500,264 |
| Maturities of marketable securities | 79,123 | 67,454 | 37,811 |
| Capital expenditures | (534,027) | (463,958) | (284,476) |
| Net cash used in investing activities | (2,010,502) | (2,684,341) | (1,487,878) |
| Financing activities: | |||
| Proceeds from term loan, net | 0 | 495,550 | 0 |
| Proceeds from employee stock plans | 650,300 | 401,481 | 455,482 |
| Principal payments on capital lease obligations | (105,896) | (98,157) | (82,330) |
| Payments on revolving credit facility | (200,000) | (550,000) | (300,000) |
| Proceeds from revolving credit facility | 0 | 748,824 | 0 |
| Payments on convertible 0.25% senior notes | (123,179) | 0 | 0 |
| Net cash provided by financing activities | 221,225 | 997,698 | 73,152 |
| Effect of exchange rate changes | (11,753) | (27,369) | (7,109) |
| Net increase in cash and cash equivalents | 936,935 | 448,186 | 250,246 |
| Cash and cash equivalents, beginning of period | 1,606,549 | 1,158,363 | |
| Cash and cash equivalents, end of period | 2,543,484 | 1,606,549 | 1,158,363 |
| Supplemental cash flow disclosure: | |||
| Cash paid during the period for: | |||
| Interest | 40,340 | 54,999 | 37,954 |
| Income taxes, net of tax refunds | 53,234 | 36,388 | 31,462 |
| Non-cash investing and financing activities: | |||
| Fixed assets acquired under capital leases | 4,038 | 585 | 12,948 |
| Building - leased facility acquired under financing obligation | 0 | 0 | 77,057 |
| Fair value of loan assumed on 50 Fremont | 0 | 0 | 198,751 |
| Fair value of equity awards assumed | 0 | 103,267 | 0 |
| Fair value of common stock issued as consideration for business combinations | 12,145 | 1,088,917 | 0 |
| Increase (decrease) to non-cash equity liability | (68,355) | 68,355 | 0 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
SALESFORCE, INC. | ||
Ticker: CRM Fiscal Year: 2017 | ||
Consolidated Balance Sheets | ||
Period Ending Jan 31, 2018 10-K (Filed: Mar 9, 2018) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Jan 31, 2018 | Jan 31, 2017 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 2,543,484 | 1,606,549 |
| Marketable securities | 1,978,221 | 602,338 |
| Accounts receivable, net of allowance for doubtful accounts of $20,963 and $12,039 at January 31, 2018 and 2017, respectively | 3,917,401 | 3,196,643 |
| Deferred commissions | 460,887 | 311,770 |
| Prepaid expenses and other current assets | 390,378 | 279,527 |
| Total current assets | 9,290,371 | 5,996,827 |
| Property and equipment, net | 1,946,527 | 1,787,534 |
| Deferred commissions, noncurrent | 413,375 | 227,849 |
| Capitalized software, net | 146,065 | 141,671 |
| Strategic investments | 677,283 | 566,953 |
| Goodwill | 7,314,096 | 7,263,846 |
| Intangible assets acquired through business combinations, net | 826,445 | 1,113,374 |
| Other assets, net | 395,640 | 486,869 |
| Total assets | 21,009,802 | 17,584,923 |
| Liabilities, temporary equity and stockholders equity | ||
| Current liabilities: | ||
| Accounts payable, accrued expenses and other liabilities | 2,010,096 | 1,752,664 |
| Deferred revenue | 7,094,705 | 5,542,802 |
| Current portion of debt | 1,024,717 | 0 |
| Total current liabilities | 10,129,518 | 7,295,466 |
| Non-current debt | 694,781 | 2,008,391 |
| Other noncurrent liabilities | 793,140 | 780,939 |
| Total liabilities | 11,617,439 | 10,084,796 |
| Commitments and contingencies (See Notes 13 and 15) | ||
| Temporary equity: | ||
| Convertible 0.25% senior notes due April 2018 | 3,867 | 0 |
| 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, 729,853 and 707,460 issued and outstanding at January 31, 2018 and 2017, respectively | 730 | 708 |
| Additional paid-in capital | 9,752,340 | 8,040,170 |
| Accumulated other comprehensive loss | (27,142) | (75,841) |
| Accumulated deficit | (337,432) | (464,910) |
| Total stockholders equity | 9,388,496 | 7,500,127 |
| Total liabilities, temporary equity and stockholders equity | 21,009,802 | 17,584,923 |
| External Links | |
| SALESFORCE, INC. (CRM) Fiscal Year 2017 | |
| 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 |