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: 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 Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2010 | Jan 31, 2009 | Jan 31, 2008 | |
| Operating activities | |||
| Consolidated net income | $ 84,692 | 48,035 | 22,828 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 53,177 | 35,971 | 24,219 |
| Amortization of debt discount | 728 | 0 | 0 |
| Amortization of deferred commissions | 63,891 | 58,732 | 42,195 |
| Change in the deferred income tax valuation allowance | 0 | 0 | (970) |
| Expense related to stock-based awards | 88,892 | 77,366 | 55,207 |
| Excess tax benefits from employee stock plans | (51,539) | (54,597) | (31,978) |
| Loss on securities | 0 | 1,783 | 0 |
| Gain on sale of investment | 0 | 0 | (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 liabilities | 64,498 | 55,440 | 71,779 |
| Deferred revenue | 110,322 | 112,852 | 196,831 |
| Net cash provided by operating activities | 270,911 | 229,557 | 204,275 |
| Investing activities | |||
| Purchase of subsidiary stock | 0 | (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 securities | 874,573 | 154,287 | 19,608 |
| Maturities of marketable securities | 130,663 | 284,339 | 366,872 |
| Capital expenditures | (53,901) | (61,059) | (43,552) |
| Proceeds from sale of investment | 0 | 0 | 1,659 |
| Net cash used in investing activities | (378,616) | (120,997) | (102,709) |
| Financing activities | |||
| Proceeds from borrowings on convertible debt | 567,094 | 0 | 0 |
| Proceeds from issuance of warrants | 59,283 | 0 | 0 |
| Purchase of convertible note hedge | (126,500) | 0 | 0 |
| Proceeds from the exercise of stock options | 93,856 | 43,311 | 60,910 |
| Excess tax benefits from employee stock plans | 51,539 | 54,597 | 31,978 |
| Principal payments on capital lease obligations | (8,119) | (997) | (175) |
| Net cash provided by financing activities | 637,153 | 96,911 | 92,713 |
| Effect of exchange rate changes | (1,976) | (732) | (1,792) |
| Net increase in cash and cash equivalents | 527,472 | 204,739 | 192,487 |
| Cash and cash equivalents at beginning of year | 483,834 | 279,095 | |
| Cash and cash equivalents at end of year | 1,011,306 | 483,834 | 279,095 |
| Supplemental cash flow disclosure: | |||
| Cash paid during the period for: | |||
| Interest | 1,069 | 107 | 46 |
| Income taxes, net of tax refunds | 28,479 | 9,600 | 1,564 |
| Noncash financing and investing activities | |||
| Fixed assets acquired under capital lease | 17,000 | 6,406 | 0 |
| External Links | |
| SALESFORCE, INC. (CRM) Fiscal Year 2009 | |
| 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 |