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: 2018 | |||
Condensed Consolidated Statements of Operations | |||
Period Ending Jan 31, 2019 10-K (Filed: Mar 8, 2019) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | |
| Revenues: | |||
| Total revenues | $ 13,282 | 10,540 | 8,437 |
| Cost of revenues: | |||
| Total cost of revenues | 3,451 | 2,773 [1] | 2,234 |
| Gross profit | 9,831 | 7,767 | 6,203 |
| Operating expenses: | |||
| Research and development | 1,886 | 1,553 | 1,208 |
| Marketing and sales | 6,064 | 4,671 | 3,811 |
| General and administrative | 1,346 | 1,089 | 966 |
| Total operating expenses | 9,296 | 7,313 | 5,985 |
| Income from operations | 535 | 454 | 218 |
| Investment income | 57 | 36 | 27 |
| Interest expense | (154) | (87) | (89) |
| Gains on strategic investments, net | 542 | 19 | 31 |
| Other income (expense) | 3 | (2) | (8) |
| Income before benefit from (provision for) income taxes | 983 | 420 | 179 |
| Benefit from (provision for) income taxes (3) | 127 [2] | (60) | 144 |
| Net income | 1,110 | 360 | 323 |
| Basic net income per share (in dollars per share) | 1.48 | 0.50 | 0.47 |
| Diluted net income per share (in dollars per share) | 1.43 | 0.49 | 0.46 |
| Shares used in computing basic net income per share (in shares) | 751 | 715 | 688 |
| Shares used in computing diluted net income per share (in shares) | 775 | 735 | 700 |
| Product and Service | |||
| Subscription and support | |||
| Total revenues | 12,413 | 9,766 | 7,799 |
| Total cost of revenues | 2,604 | 2,033 | 1,617 |
| Professional services and other | |||
| Total revenues | 869 | 774 | 638 |
| Total cost of revenues | 847 | 740 | 617 |
| [1] Amounts include amortization of intangible assets acquired through business combinations, as follows: Fiscal Year Ended January 31, 2019 2018 2017Cost of revenues$215 $166 $128Marketing and sales232 121 98 | Amounts include stock-based expense, as follows: Fiscal Year Ended January 31, 2019 2018 2017Cost of revenues$161 $130 $107Research and development307 260 188Marketing and sales643 469 389General and administrative172 138 136 | |||
| [2] Amounts include a benefit related to the partial release of the valuation allowance of $612 million, $2 million and $226 million for fiscal 2019, 2018 and 2017, respectively | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SALESFORCE, INC. | |||
Ticker: CRM Fiscal Year: 2018 | |||
Condensed Consolidated Statements of Comprehensive Income | |||
Period Ending Jan 31, 2019 10-K (Filed: Mar 8, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | |
| Net income | $ 1,110 | 360 | 323 |
| Other comprehensive income (loss), net of reclassification adjustments: | |||
| Foreign currency translation and other gains (losses) | (26) | 77 [1] | (53) |
| Unrealized gains (losses) on marketable securities and strategic investments | (12) | (4) | 14 |
| Other comprehensive income (loss), before tax | (38) | 73 | (39) |
| Tax effect | (1) | 1 | 3 |
| Other comprehensive income (loss), net | (39) | 74 | (36) |
| Comprehensive income | 1,071 | 434 | 287 |
| [1] Prior period information has been adjusted for Topic 606. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SALESFORCE, INC. | |||
Ticker: CRM Fiscal Year: 2018 | |||
Condensed Consolidated Statements of Cash Flows | |||
Period Ending Jan 31, 2019 10-K (Filed: Mar 8, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | |
| Operating activities: | |||
| Net income | $ 1,110 | 360 | 323 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 962 | 753 | 632 |
| Amortization of debt discount and issuance costs | 20 | 31 | 31 |
| Amortization of costs capitalized to obtain revenue contracts, net | 737 | 592 | 470 |
| Expenses related to employee stock plans | 1,283 | 997 | 820 |
| Gains on strategic investments, net | (542) | (19) | (31) |
| Changes in assets and liabilities, net of business combinations: | |||
| Accounts receivable, net | (923) | (719) | (633) |
| Costs capitalized to obtain revenue contracts, net | (981) | (1,156) | (693) |
| Prepaid expenses and other current assets and other assets | (58) | 18 | (47) |
| Accounts payable | 74 | (39) | 35 |
| Accrued expenses and other liabilities | 213 | 392 | 69 |
| Unearned revenue | 1,503 | 1,528 | 1,186 |
| Net cash provided by operating activities | 3,398 | 2,738 | 2,162 |
| Investing activities: | |||
| Business combinations, net of cash acquired | (5,115) | (25) | (3,193) |
| Purchases of strategic investments | (362) | (216) | (110) |
| Sales of strategic investments | 260 | 131 | 80 |
| Purchases of marketable securities | (1,068) | (2,003) | (1,070) |
| Sales of marketable securities | 1,426 | 558 | 2,005 |
| Maturities of marketable securities | 146 | 78 | 68 |
| Capital expenditures | (595) | (534) | (464) |
| Net cash used in investing activities | (5,308) | (2,011) | (2,684) |
| Financing activities: | |||
| Proceeds from issuance of debt, net | 2,966 | 0 | 1,245 |
| Proceeds from employee stock plans | 704 | 650 | 401 |
| Principal payments on capital lease obligations | (131) | (106) | (98) |
| Repayments of debt | (1,529) | (323) | (550) |
| Net cash provided by financing activities | 2,010 | 221 | 998 |
| Effect of exchange rate changes | 26 | (12) | (27) |
| Net increase in cash and cash equivalents | 126 | 936 | 449 |
| Cash and cash equivalents, beginning of period | 2,543 | 1,607 | |
| Cash and cash equivalents, end of period | 2,669 | 2,543 | 1,607 |
| Supplemental cash flow disclosure: | |||
| Cash paid during the period for: | |||
| Interest | 94 | 40 | 55 |
| Income taxes, net of tax refunds | 83 | 53 | 36 |
| Non-cash investing and financing activities: | |||
| Fair value of equity awards assumed | 480 | 0 | 103 |
| Fair value of common stock issued as consideration for business combinations | 1,715 | 12 | 1,089 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
SALESFORCE, INC. | ||
Ticker: CRM Fiscal Year: 2018 | ||
Condensed Consolidated Balance Sheets | ||
Period Ending Jan 31, 2019 10-K (Filed: Mar 8, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Jan 31, 2019 | Jan 31, 2018 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 2,669 | 2,543 |
| Marketable securities | 1,673 | 1,978 |
| Accounts receivable, net of allowance for doubtful accounts of $22 and $21 at January 31, 2019 and 2018, respectively | 4,924 | 3,921 |
| Costs capitalized to obtain revenue contracts, net | 788 | 671 |
| Prepaid expenses and other current assets | 629 | 471 |
| Total current assets | 10,683 | 9,584 |
| Property and equipment, net | 2,051 | 1,947 |
| Costs capitalized to obtain revenue contracts, noncurrent, net | 1,232 | 1,105 |
| Capitalized software, net | 152 | 146 |
| Strategic investments | 1,302 | 677 |
| Goodwill | 12,851 | 7,314 |
| Intangible assets acquired through business combinations, net | 1,923 | 827 |
| Other assets, net | 543 | 384 |
| Total assets | 30,737 | 21,984 |
| Liabilities and stockholders equity | ||
| Current liabilities: | ||
| Accounts payable | 165 | 76 |
| Accrued compensation | 1,167 | 1,001 |
| Accounts payable | 1,356 | 970 |
| Unearned revenue | 8,564 | 6,995 |
| Current portion of debt | 3 | 1,025 |
| Total current liabilities | 11,255 | 10,067 |
| Noncurrent debt | 3,173 | 695 |
| Other noncurrent liabilities | 704 | 846 |
| Total liabilities | 15,132 | 11,608 |
| Commitments and contingencies (See Notes 13 and 15) | ||
| 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 shares authorized, 770 and 730 issued and outstanding at January 31, 2019 and 2018, respectively | 1 | 1 |
| Additional paid-in capital | 13,927 | 9,752 |
| Accumulated other comprehensive loss | (58) | (12) |
| Retained earnings | 1,735 | 635 |
| Total stockholders equity | 15,605 | 10,376 |
| Total liabilities and stockholders equity | 30,737 | 21,984 |
| External Links | |
| SALESFORCE, INC. (CRM) Fiscal Year 2018 | |
| 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 |