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: 2013 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 31, 2014 10-K (Filed: Mar 5, 2014) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2014 | Jan 31, 2013 | Jan 31, 2012 | |
| Operating activities: | |||
| Net loss | $ (232,175) | (270,445) | (11,572) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization | 369,423 | 216,795 | 157,286 |
| Amortization of debt discount and transaction costs | 49,796 | 24,086 | 10,347 |
| Amortization of deferred commissions | 194,553 | 154,818 | 107,195 |
| Expenses related to employee stock plans | 503,280 | 379,350 | 229,258 |
| Excess tax benefits from employee stock plans | (8,144) | (14,933) | (6,018) |
| Changes in assets and liabilities, net of business combinations: | |||
| Accounts receivable, net | (424,702) | (183,242) | (244,947) |
| Deferred commissions | (265,080) | (232,591) | (167,199) |
| Prepaid expenses, current assets and other assets | 105,218 | (9,718) | (7,853) |
| Accounts payable, accrued expenses and other liabilities | (29,043) | 193,358 | 80,336 |
| Deferred revenue | 612,343 | 479,419 | 444,674 |
| Net cash provided by operating activities | 875,469 | 736,897 | 591,507 |
| Investing activities: | |||
| Business combinations, net of cash acquired | (2,617,302) | (579,745) | (422,699) |
| Land activity and building improvements | 0 | (4,106) | (19,655) |
| Strategic investments | (31,160) | (9,695) | (37,370) |
| Purchases of marketable securities | (558,703) | (1,021,287) | (623,231) |
| Sales of marketable securities | 1,038,284 | 706,893 | 724,564 |
| Maturities of marketable securities | 36,436 | 144,623 | 40,346 |
| Capital expenditures | (299,110) | (175,601) | (151,645) |
| Net cash used in investing activities | (2,431,555) | (938,918) | (489,690) |
| Financing activities: | |||
| Proceeds from borrowings on convertible senior notes, net | 1,132,750 | 0 | 0 |
| Proceeds from issuance of warrants | 84,800 | 0 | 0 |
| Purchase of convertible note hedge | (153,800) | 0 | 0 |
| Proceeds from term loan, net | 298,500 | 0 | 0 |
| Proceeds from employee stock plans | 289,931 | 351,366 | 116,565 |
| Excess tax benefits from employee stock plans | 8,144 | 14,933 | 6,018 |
| Contingent consideration payment related to prior business combinations | 0 | 0 | (16,200) |
| Payments on convertible senior notes | (5,992) | 0 | 0 |
| Principal payments on capital lease obligations | (41,099) | (31,754) | (30,533) |
| Principal payments on term loan | (15,000) | 0 | 0 |
| Net cash provided by financing activities | 1,598,234 | 334,545 | 75,850 |
| Effect of exchange rate changes | (7,758) | 7,437 | 5,325 |
| Net increase in cash and cash equivalents | 34,390 | 139,961 | 182,992 |
| Cash and cash equivalents, beginning of period | 747,245 | 607,284 | |
| Cash and cash equivalents, end of period | 781,635 | 747,245 | 607,284 |
| Supplemental cash flow disclosure: | |||
| Cash paid during the period for: | |||
| Interest | 21,503 | 6,890 | 6,587 |
| Income taxes, net of tax refunds | 28,870 | 53,089 | 20,981 |
| Non-cash financing and investing activities: | |||
| Property and equipment acquired under capital leases | 492,810 | 33,392 | 57,839 |
| Building in progress-leased facility acquired under financing obligation | 40,171 | 0 | 0 |
| Fair value of equity awards assumed in business combinations | 19,037 | 37,898 | 7,318 |
| External Links | |
| SALESFORCE, INC. (CRM) Fiscal Year 2013 | |
| 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 |