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: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 31, 2015 10-K (Filed: Mar 6, 2015) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2015 | Jan 31, 2014 | Jan 31, 2013 | |
| Operating activities: | |||
| Net loss | $ (262,688) | (232,175) | (270,445) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization | 448,296 | 369,423 | 216,795 |
| Amortization of debt discount and transaction costs | 39,620 | 49,582 | 24,086 |
| Gain on sales of land and building improvements | (15,625) | 0 | 0 |
| Loss on conversions of convertible senior notes | 10,326 | 214 | 0 |
| Amortization of deferred commissions | 257,642 | 194,553 | 154,818 |
| Expenses related to employee stock plans | 564,765 | 503,280 | 379,350 |
| Excess tax benefits from employee stock plans | (7,730) | (8,144) | (14,933) |
| Changes in assets and liabilities, net of business combinations: | |||
| Accounts receivable, net | (544,610) | (424,702) | (183,242) |
| Deferred commissions | (320,904) | (265,080) | (232,591) |
| Prepaid expenses and other current assets and other assets | 45,819 | 105,218 | (9,718) |
| Accounts payable, accrued expenses and other liabilities | 159,973 | (29,043) | 193,358 |
| Deferred revenue | 798,830 | 612,343 | 479,419 |
| Net cash provided by operating activities | 1,173,714 | 875,469 | 736,897 |
| Investing activities: | |||
| Business combinations, net of cash acquired | 38,071 | (2,617,302) | (579,745) |
| Proceeds from land activity, net | 223,240 | 0 | (4,106) |
| Deposit for purchase of building and land | (126,435) | 0 | 0 |
| Strategic investments | (93,725) | (31,160) | (9,695) |
| Purchases of marketable securities | (780,540) | (558,703) | (1,021,287) |
| Sales of marketable securities | 243,845 | 1,038,284 | 706,893 |
| Maturities of marketable securities | 87,638 | 36,436 | 144,623 |
| Capital expenditures | (290,454) | (299,110) | (175,601) |
| Net cash used in investing activities | (698,360) | (2,431,555) | (938,918) |
| Financing activities: | |||
| Proceeds from borrowings on convertible senior notes, net | 0 | 1,132,750 | 0 |
| Proceeds from issuance of warrants | 0 | 84,800 | 0 |
| Purchase of convertible note hedge | 0 | (153,800) | 0 |
| Proceeds from term loan, net | 0 | 298,500 | 0 |
| Proceeds from revolving credit facility, net | 297,325 | 0 | 0 |
| Proceeds from employee stock plans | 308,989 | 289,931 | 351,366 |
| Excess tax benefits from employee stock plans | 7,730 | 8,144 | 14,933 |
| Payments on convertible senior notes | (568,862) | (5,992) | 0 |
| Principal payments on capital lease obligations | (70,663) | (41,099) | (31,754) |
| Payments on term loan | 285,000 | 15,000 | 0 |
| Net cash provided by (used in) financing activities | (310,481) | 1,598,234 | 334,545 |
| Effect of exchange rate changes | (38,391) | (7,758) | 7,437 |
| Net increase in cash and cash equivalents | 126,482 | 34,390 | 139,961 |
| Cash and cash equivalents, beginning of period | 781,635 | 747,245 | |
| Cash and cash equivalents, end of period | 908,117 | 781,635 | 747,245 |
| Supplemental cash flow disclosure: | |||
| Cash paid during the period for: | |||
| Interest | 24,684 | 21,503 | 6,890 |
| Income taxes, net of tax refunds | 36,219 | 28,870 | 53,089 |
| Non-cash financing and investing activities: | |||
| Fixed assets acquired under capital leases | 124,099 | 492,810 | 33,392 |
| Building in progress - leased facility acquired under financing obligation | 85,118 | 40,171 | 0 |
| Fair value of equity awards assumed | 1,050 | 19,037 | 37,898 |
| Fair value of common stock issued as consideration for business combinations | 338,033 | 69,533 | 202,161 |
| External Links | |
| SALESFORCE, INC. (CRM) Fiscal Year 2014 | |
| 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 |