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: 2010 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 31, 2011 10-K (Filed: Mar 23, 2011) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2011 | Jan 31, 2010 | Jan 31, 2009 | |
| Operating activities: | |||
| Consolidated net income | $ 69,697 | 84,692 | 48,035 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 75,746 | 53,177 | 35,971 |
| Amortization of debt discount and transaction costs | 19,621 | 728 | 0 |
| Amortization of deferred commissions | 80,159 | 63,891 | 58,732 |
| Expenses related to stock-based awards | 120,429 | 88,892 | 77,366 |
| Excess tax benefits from employee stock plans | (35,991) | (51,539) | (54,597) |
| Loss on securities | 0 | 0 | 1,783 |
| Changes in assets and liabilities: | |||
| Accounts receivable, net | (102,507) | (54,522) | (44,798) |
| Deferred commissions | (121,247) | (82,336) | (63,701) |
| Prepaid expenses and other current assets | 2,001 | (3,899) | (4,746) |
| Other assets | (9,770) | (1,405) | (1,292) |
| Accounts payable | 1,246 | (1,588) | 8,512 |
| Accrued expenses and other current liabilities | 132,004 | 64,498 | 55,440 |
| Deferred revenue | 227,693 | 110,322 | 112,852 |
| Net cash provided by operating activities | 459,081 | 270,911 | 229,557 |
| Investing activities: | |||
| Business combinations, net of cash acquired | (403,331) | (11,999) | (27,907) |
| Land activity and building improvements | (277,944) | 0 | 0 |
| Strategic investments | (20,105) | (4,400) | 0 |
| Purchases of marketable securities | (1,682,549) | (1,317,952) | (449,035) |
| Sales of marketable securities | 1,197,492 | 874,573 | 154,287 |
| Maturities of marketable securities | 214,770 | 130,663 | 284,339 |
| Capital expenditures | (90,887) | (49,501) | (61,059) |
| Net cash used in investing activities | (1,062,554) | (378,616) | (99,375) |
| Financing activities: | |||
| Proceeds from borrowings on convertible debt | 0 | 567,094 | 0 |
| Proceeds from issuance of warrants | 0 | 59,283 | 0 |
| Purchase of convertible note hedge | 0 | (126,500) | 0 |
| Purchase of subsidiary stock | (171,964) | 0 | (21,622) |
| Proceeds from the exercise of stock options | 160,402 | 93,856 | 43,311 |
| Excess tax benefits from employee stock plans | 35,991 | 51,539 | 54,597 |
| Principal payments on capital lease obligations | (10,355) | (8,119) | (997) |
| Net cash provided by financing activities | 14,074 | 637,153 | 75,289 |
| Effect of exchange rate changes | 2,385 | (1,976) | (732) |
| Net increase (decrease) in cash and cash equivalents | (587,014) | 527,472 | 204,739 |
| Cash and cash equivalents, beginning of period | 1,011,306 | 483,834 | |
| Cash and cash equivalents, end of period | 424,292 | 1,011,306 | 483,834 |
| Supplemental cash flow disclosure: | |||
| Cash paid during the period for: | |||
| Interest, net | 1,250 | 1,069 | 107 |
| Income taxes, net of tax refunds | 90 | 28,479 | 9,600 |
| Noncash financing and investing activities | |||
| Fixed assets acquired under capital leases | 13,224 | 17,000 | 6,406 |
| External Links | |
| SALESFORCE, INC. (CRM) Fiscal Year 2010 | |
| 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 |