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: 2020 | |||
Consolidated Statements of Operations | |||
Period Ending Jan 31, 2021 10-K (Filed: Feb 24, 2022) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | |
| Revenues: | |||
| Total revenues | $ 21,252 | 17,098 | 13,282 |
| Cost of revenues: | |||
| Total cost of revenues | 5,438 | 4,235 | 3,451 |
| Gross profit | 15,814 | 12,863 | 9,831 |
| Operating expenses: | |||
| Research and development | 3,598 | 2,766 | 1,886 |
| Marketing and sales | 9,674 | 7,930 | 6,064 |
| General and administrative | 2,087 | 1,704 | 1,346 |
| Loss on settlement of Salesforce.org reseller agreement | 0 | 166 | 0 |
| Total operating expenses | 15,359 | 12,566 | 9,296 |
| Income from operations | 455 | 297 | 535 |
| Gains on strategic investments, net | 2,170 | 427 [1] | 542 |
| Other expense | (64) | (18) | (94) |
| Income before benefit from (provision for) income taxes | 2,561 | 706 | 983 |
| Benefit from (provision for) income taxes | 1,511 | (580) | 127 [2] |
| Net income | 4,072 | 126 | 1,110 |
| Basic net income per share (in dollars per share) | 4.48 | 0.15 | 1.48 |
| Diluted net income per share (in dollars per share) | 4.38 | 0.15 | 1.43 |
| Shares used in computing basic net income per share (in shares) | 908 | 829 | 751 |
| Shares used in computing diluted net income per share (in shares) | 930 | 850 | 775 |
| Product and Service | |||
| Subscription and support | |||
| Total revenues | 19,976 | 16,043 | 12,413 |
| Total cost of revenues | 4,154 | 3,198 | 2,604 |
| Professional services and other | |||
| Total revenues | 1,276 | 1,055 | 869 |
| Total cost of revenues | 1,284 [3] | 1,037 | 847 |
| [1] During fiscal 2021, two of the Companys strategic investments completed their initial public offering, resulting in an unrealized gain of $1.7 billion as of January 31, 2021. | |||
| [2] Amounts include approximately $2.0 billion of one-time benefit from a discrete tax item related to the recognition of deferred tax assets resulting from an intra-entity transfer of intangible property in fiscal 2021, and a benefit related to the partial release of the valuation allowance of $612 million for fiscal 2019. | |||
| [3] Amounts include amortization of intangible assets acquired through business combinations, as follows: Fiscal Year Ended January 31, 202120202019Cost of revenues$662 $440 $215 Marketing and sales459 352 232 | Amounts include stock-based expense, as follows: Fiscal Year Ended January 31, 202120202019Cost of revenues$241 $204 $161 Research and development703 510 307 Marketing and sales941 852 643 General and administrative305 219 172 | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SALESFORCE, INC. | |||
Ticker: CRM Fiscal Year: 2020 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Jan 31, 2021 10-K (Filed: Feb 24, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | |
| Net income | $ 4,072 | 126 | 1,110 |
| Other comprehensive income (loss), net of reclassification adjustments: | |||
| Foreign currency translation and other gains (losses) | 40 | (59) | (26) |
| Unrealized gains (losses) on marketable securities and privately held debt securities | 15 | 26 | (12) |
| Other comprehensive income (loss), before tax | 55 | (33) | (38) |
| Tax effect | (4) | (2) | (1) |
| Other comprehensive income (loss), net | 51 | (35) | (39) |
| Comprehensive income | 4,123 | 91 | 1,071 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SALESFORCE, INC. | |||
Ticker: CRM Fiscal Year: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 31, 2021 10-K (Filed: Feb 24, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | |
| Operating activities: | |||
| Net income | $ 4,072 | 126 | 1,110 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 2,846 | 2,135 | 982 |
| Amortization of costs capitalized to obtain revenue contracts, net | 1,058 | 876 | 737 |
| Expenses related to employee stock plans | 2,190 | 1,785 | 1,283 |
| Loss on settlement of Salesforce.org reseller agreement | 0 | 166 | 0 |
| Gains on strategic investments, net | (2,170) | (427) [1] | (542) |
| Tax benefit from intra-entity transfer of intangible property | (2,003) | 0 | 0 |
| Changes in assets and liabilities, net of business combinations: | |||
| Accounts receivable, net | (1,556) | (1,000) | (923) |
| Costs capitalized to obtain revenue contracts, net | (1,645) | (1,130) | (981) |
| Prepaid expenses and other current assets and other assets | (133) | (119) | (58) |
| Accounts payable and accrued expenses and other liabilities | 1,100 | 982 | 287 |
| Operating lease liabilities | (830) | (728) | 0 |
| Unearned revenue | 1,872 | 1,665 | 1,503 |
| Net cash provided by operating activities | 4,801 | 4,331 | 3,398 |
| Investing activities: | |||
| Business combinations, net of cash acquired | (1,281) | (369) | (5,115) |
| Purchases of strategic investments | (1,069) | (768) | (362) |
| Sales of strategic investments | 1,051 | 434 | 260 |
| Purchases of marketable securities | (4,833) | (3,857) | (1,068) |
| Sales of marketable securities | 1,836 | 1,444 | 1,426 |
| Maturities of marketable securities | 1,035 | 779 | 146 |
| Capital expenditures | (710) | (643) | (595) |
| Net cash used in investing activities | (3,971) | (2,980) | (5,308) |
| Financing activities: | |||
| Proceeds from issuance of debt, net | (20) | 0 | 2,966 |
| Proceeds from employee stock plans | 1,321 | 840 | 704 |
| Principal payments on financing obligations | (103) | (173) | (131) |
| Repayments of debt | (4) | (503) | (1,529) |
| Net cash provided by financing activities | 1,194 | 164 | 2,010 |
| Effect of exchange rate changes | 26 | (39) | 26 |
| Net increase in cash and cash equivalents | 2,050 | 1,476 | 126 |
| Cash and cash equivalents, beginning of period | 4,145 | 2,669 | |
| Cash and cash equivalents, end of period | 6,195 | 4,145 | 2,669 |
| Supplemental cash flow disclosure: | |||
| Cash paid during the period for: | |||
| Interest | 96 | 106 | 94 |
| Income taxes, net of tax refunds | 216 | 129 | 83 |
| Non-cash investing and financing activities: | |||
| Fair value of equity awards assumed | 6 | 373 | 480 |
| Fair value of common stock issued as consideration for business combinations | 0 | 15,215 | 1,715 |
| [1] During fiscal 2021, two of the Companys strategic investments completed their initial public offering, resulting in an unrealized gain of $1.7 billion as of January 31, 2021. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
SALESFORCE, INC. | ||
Ticker: CRM Fiscal Year: 2020 | ||
Consolidated Balance Sheets | ||
Period Ending Jan 31, 2021 10-K (Filed: Feb 24, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Jan 31, 2021 | Jan 31, 2020 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 6,195 | 4,145 |
| Marketable securities | 5,771 | 3,802 |
| Accounts receivable, net | 7,786 | 6,174 |
| Costs capitalized to obtain revenue contracts, net | 1,146 | 926 |
| Prepaid expenses and other current assets | 991 | 916 |
| Total current assets | 21,889 | 15,963 |
| Property and equipment, net | 2,459 | 2,375 |
| Operating lease right-of-use assets, net | 3,204 | 3,040 |
| Noncurrent costs capitalized to obtain revenue contracts, net | 1,715 | 1,348 |
| Strategic investments | 3,909 | 1,963 |
| Goodwill | 26,318 | 25,134 |
| Intangible assets acquired through business combinations, net | 4,114 | 4,724 |
| Deferred tax assets and other assets, net | 2,693 | 579 |
| Total assets | 66,301 | 55,126 |
| Liabilities and stockholders equity | ||
| Current liabilities: | ||
| Accounts payable, accrued expenses and other liabilities | 4,355 | 3,433 |
| Operating lease liabilities, current | 766 | 750 |
| Unearned revenue | 12,607 | 10,662 |
| Total current liabilities | 17,728 | 14,845 |
| Noncurrent debt | 2,673 | 2,673 |
| Noncurrent operating lease liabilities | 2,842 | 2,445 |
| Other noncurrent liabilities | 1,565 | 1,278 |
| Total liabilities | 24,808 | 21,241 |
| Commitments and contingencies (See Notes 6 and 14) | ||
| 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, 919 and 893 issued and outstanding at January 31, 2021 and 2020, respectively | 1 | 1 |
| Additional paid-in capital | 35,601 | 32,116 |
| Accumulated other comprehensive loss | (42) | (93) |
| Retained earnings | 5,933 | 1,861 |
| Total stockholders equity | 41,493 | 33,885 |
| Total liabilities and stockholders equity | 66,301 | 55,126 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SALESFORCE, INC. | |||
Ticker: CRM Fiscal Year: 2020 | |||
Consolidated Statements of Operations | |||
Period Ending Jan 31, 2021 10-K (Filed: Mar 17, 2021) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | |
| Revenues: | |||
| Total revenues | $ 21,252 | 17,098 | 13,282 |
| Cost of revenues: | |||
| Total cost of revenues | 5,438 | 4,235 | 3,451 |
| Gross profit | 15,814 | 12,863 | 9,831 |
| Operating expenses: | |||
| Research and development | 3,598 | 2,766 | 1,886 |
| Marketing and sales | 9,674 | 7,930 | 6,064 |
| General and administrative | 2,087 | 1,704 | 1,346 |
| Loss on settlement of Salesforce.org reseller agreement | 0 | 166 | 0 |
| Total operating expenses | 15,359 | 12,566 | 9,296 |
| Income from operations | 455 | 297 | 535 |
| Gains on strategic investments, net | 2,170 | 427 | 542 [1] |
| Other expense | (64) | (18) | (94) |
| Income before benefit from (provision for) income taxes | 2,561 | 706 | 983 |
| Benefit from (provision for) income taxes | 1,511 | (580) | 127 |
| Net income | 4,072 | 126 | 1,110 |
| Basic net income per share (in dollars per share) | 4.48 | 0.15 | 1.48 |
| Diluted net income per share (in dollars per share) | 4.38 | 0.15 | 1.43 |
| Shares used in computing basic net income per share (in shares) | 908 | 829 | 751 |
| Shares used in computing diluted net income per share (in shares) | 930 | 850 | 775 |
| Product and Service | |||
| Subscription and support | |||
| Total revenues | 19,976 | 16,043 | 12,413 |
| Total cost of revenues | 4,154 | 3,198 | 2,604 |
| Professional services and other | |||
| Total revenues | 1,276 | 1,055 | 869 |
| Total cost of revenues | 1,284 [2] | 1,037 | 847 |
| [1] During fiscal 2021, two of the Companys strategic investments completed their initial public offering, resulting in an unrealized gain of $1.7 billion as of January 31, 2021. | |||
| [2] Amounts include amortization of intangible assets acquired through business combinations, as follows: Fiscal Year Ended January 31, 202120202019Cost of revenues$662 $440 $215 Marketing and sales459 352 232 | Amounts include stock-based expense, as follows: Fiscal Year Ended January 31, 202120202019Cost of revenues$241 $204 $161 Research and development703 510 307 Marketing and sales941 852 643 General and administrative305 219 172 | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SALESFORCE, INC. | |||
Ticker: CRM Fiscal Year: 2020 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Jan 31, 2021 10-K (Filed: Mar 17, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | |
| Net income | $ 4,072 | 126 | 1,110 |
| Other comprehensive income (loss), net of reclassification adjustments: | |||
| Foreign currency translation and other gains (losses) | 40 | (59) | (26) |
| Unrealized gains (losses) on marketable securities and privately held debt securities | 15 | 26 | (12) |
| Other comprehensive income (loss), before tax | 55 | (33) | (38) |
| Tax effect | (4) | (2) | (1) |
| Other comprehensive income (loss), net | 51 | (35) | (39) |
| Comprehensive income | 4,123 | 91 | 1,071 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SALESFORCE, INC. | |||
Ticker: CRM Fiscal Year: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 31, 2021 10-K (Filed: Mar 17, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | |
| Operating activities: | |||
| Net income | $ 4,072 | 126 | 1,110 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 2,846 | 2,135 | 982 |
| Amortization of costs capitalized to obtain revenue contracts, net | 1,058 | 876 | 737 |
| Expenses related to employee stock plans | 2,190 | 1,785 | 1,283 |
| Loss on settlement of Salesforce.org reseller agreement | 0 | 166 | 0 |
| Gains on strategic investments, net | (2,170) | (427) | (542) [1] |
| Tax benefit from intra-entity transfer of intangible property | (2,003) | 0 | 0 |
| Changes in assets and liabilities, net of business combinations: | |||
| Accounts receivable, net | (1,556) | (1,000) | (923) |
| Costs capitalized to obtain revenue contracts, net | (1,645) | (1,130) | (981) |
| Prepaid expenses and other current assets and other assets | (133) | (119) | (58) |
| Accounts payable and accrued expenses and other liabilities | 1,100 | 982 | 287 |
| Operating lease liabilities | (830) | (728) | 0 |
| Unearned revenue | 1,872 | 1,665 | 1,503 |
| Net cash provided by operating activities | 4,801 | 4,331 | 3,398 |
| Investing activities: | |||
| Business combinations, net of cash acquired | (1,281) | (369) | (5,115) |
| Purchases of strategic investments | (1,069) | (768) | (362) |
| Sales of strategic investments | 1,051 | 434 | 260 |
| Purchases of marketable securities | (4,833) | (3,857) | (1,068) |
| Sales of marketable securities | 1,836 | 1,444 | 1,426 |
| Maturities of marketable securities | 1,035 | 779 | 146 |
| Capital expenditures | (710) | (643) | (595) |
| Net cash used in investing activities | (3,971) | (2,980) | (5,308) |
| Financing activities: | |||
| Proceeds from issuance of debt, net | (20) | 0 | 2,966 |
| Proceeds from employee stock plans | 1,321 | 840 | 704 |
| Principal payments on financing obligations | (103) | (173) | (131) |
| Repayments of debt | (4) | (503) | (1,529) |
| Net cash provided by financing activities | 1,194 | 164 | 2,010 |
| Effect of exchange rate changes | 26 | (39) | 26 |
| Net increase in cash and cash equivalents | 2,050 | 1,476 | 126 |
| Cash and cash equivalents, beginning of period | 4,145 | 2,669 | |
| Cash and cash equivalents, end of period | 6,195 | 4,145 | 2,669 |
| Supplemental cash flow disclosure: | |||
| Cash paid during the period for: | |||
| Interest | 96 | 106 | 94 |
| Income taxes, net of tax refunds | 216 | 129 | 83 |
| Non-cash investing and financing activities: | |||
| Fair value of equity awards assumed | 6 | 373 | 480 |
| Fair value of common stock issued as consideration for business combinations | 0 | 15,215 | 1,715 |
| [1] During fiscal 2021, two of the Companys strategic investments completed their initial public offering, resulting in an unrealized gain of $1.7 billion as of January 31, 2021. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
SALESFORCE, INC. | ||
Ticker: CRM Fiscal Year: 2020 | ||
Consolidated Balance Sheets | ||
Period Ending Jan 31, 2021 10-K (Filed: Mar 17, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Jan 31, 2021 | Jan 31, 2020 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 6,195 | 4,145 |
| Marketable securities | 5,771 | 3,802 |
| Accounts receivable, net | 7,786 | 6,174 |
| Costs capitalized to obtain revenue contracts, net | 1,146 | 926 |
| Prepaid expenses and other current assets | 991 | 916 |
| Total current assets | 21,889 | 15,963 |
| Property and equipment, net | 2,459 | 2,375 |
| Operating lease right-of-use assets, net | 3,204 | 3,040 |
| Noncurrent costs capitalized to obtain revenue contracts, net | 1,715 | 1,348 |
| Strategic investments | 3,909 | 1,963 |
| Goodwill | 26,318 | 25,134 |
| Intangible assets acquired through business combinations, net | 4,114 | 4,724 |
| Deferred tax assets and other assets, net | 2,693 | 579 |
| Total assets | 66,301 | 55,126 |
| Liabilities and stockholders equity | ||
| Current liabilities: | ||
| Accounts payable, accrued expenses and other liabilities | 4,355 | 3,433 |
| Operating lease liabilities, current | 766 | 750 |
| Unearned revenue | 12,607 | 10,662 |
| Total current liabilities | 17,728 | 14,845 |
| Noncurrent debt | 2,673 | 2,673 |
| Noncurrent operating lease liabilities | 2,842 | 2,445 |
| Other noncurrent liabilities | 1,565 | 1,278 |
| Total liabilities | 24,808 | 21,241 |
| Commitments and contingencies (See Notes 6 and 14) | ||
| 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, 919 and 893 issued and outstanding at January 31, 2021 and 2020, respectively | 1 | 1 |
| Additional paid-in capital | 35,601 | 32,116 |
| Accumulated other comprehensive loss | (42) | (93) |
| Retained earnings | 5,933 | 1,861 |
| Total stockholders equity | 41,493 | 33,885 |
| Total liabilities and stockholders equity | 66,301 | 55,126 |
| External Links | |
| SALESFORCE, INC. (CRM) Fiscal Year 2020 | |