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: 2011 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Jan 31, 2012 10-K (Filed: Mar 9, 2012) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2012 | Jan 31, 2011 | Jan 31, 2010 | |
| Operating activities | |||
| Consolidated net income (loss) | $ (11,572) | 69,697 | 84,692 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 157,286 | 75,746 | 53,177 |
| Amortization of debt discount and transaction costs | 10,347 | 19,621 | 728 |
| Amortization of deferred commissions | 107,195 | 80,159 | 63,891 |
| Expenses related to stock-based awards | 229,258 | 120,429 | 88,892 |
| Excess tax benefits from employee stock plans | (6,018) | (35,991) | (51,539) |
| Changes in assets and liabilities: | |||
| Accounts receivable, net | (244,947) | (102,507) | (54,522) |
| Deferred commissions | (167,199) | (121,247) | (82,336) |
| Prepaid expenses and other current assets | (10,736) | 2,001 | (3,899) |
| Other assets | 2,883 | (9,770) | (1,405) |
| Accounts payable | 12,644 | 1,246 | (1,588) |
| Accrued expenses and other current liabilities | 67,692 | 132,004 | 64,498 |
| Deferred revenue | 444,674 | 227,693 | 110,322 |
| Net cash provided by operating activities | 591,507 | 459,081 | 270,911 |
| Investing activities | |||
| Business combinations, net of cash acquired | (422,699) | (403,331) | (11,999) |
| Land activity and building improvements | (19,655) | (277,944) | 0 |
| Strategic investments | (37,370) | (20,105) | (4,400) |
| Purchases of marketable securities | (623,231) | (1,682,549) | (1,317,952) |
| Sales of marketable securities | 724,564 | 1,197,492 | 874,573 |
| Maturities of marketable securities | 40,346 | 214,770 | 130,663 |
| Capital expenditures | (151,645) | (90,887) | (49,501) |
| Net cash used in investing activities | (489,690) | (1,062,554) | (378,616) |
| Financing activities | |||
| Proceeds from borrowings on convertible debt | 0 | 0 | 567,094 |
| Proceeds from issuance of warrants | 0 | 0 | 59,283 |
| Purchase of convertible note hedge | 0 | 0 | (126,500) |
| Purchase of subsidiary stock | 0 | (171,964) | 0 |
| Proceeds from equity plans | 116,565 | 160,402 | 93,856 |
| Excess tax benefits from employee stock plans | 6,018 | 35,991 | 51,539 |
| Contingent consideration payment related to prior business combinations | (16,200) | 0 | 0 |
| Principal payments on capital lease obligations | (30,533) | (10,355) | (8,119) |
| Net cash provided by financing activities | 75,850 | 14,074 | 637,153 |
| Effect of exchange rate changes | 5,325 | 2,385 | (1,976) |
| Net increase (decrease) in cash and cash equivalents | 182,992 | (587,014) | 527,472 |
| Cash and cash equivalents, beginning of period | 424,292 | 1,011,306 | |
| Cash and cash equivalents, end of period | 607,284 | 424,292 | 1,011,306 |
| Supplemental cash flow disclosure: | |||
| Cash paid during the period for: | |||
| Interest | 6,587 | 5,290 | 1,069 |
| Income taxes, net of tax refunds | 20,981 | 90 | 28,479 |
| Non-cash financing and investing activities: | |||
| Fixed assets acquired under capital leases | 57,839 | 13,224 | 17,000 |
| Fair value of stock options assumed | 7,318 | 0 | 0 |
| External Links | |
| SALESFORCE, INC. (CRM) Fiscal Year 2011 | |
| 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 |