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: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 31, 2016 10-K (Filed: Mar 7, 2016) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2016 | Jan 31, 2015 | Jan 31, 2014 | |
| Operating activities: | |||
| Net loss | $ (47,426) | (262,688) | (232,175) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization | 525,750 | 448,296 | 369,423 |
| Amortization of debt discount and transaction costs | 27,467 | 39,620 | 49,582 |
| Gain on sales of land and building improvements | (21,792) | (15,625) | 0 |
| 50 Fremont lease termination | (36,617) | 0 | 0 [1] |
| Loss on conversions of convertible senior notes | 0 | 10,326 | 214 |
| Amortization of deferred commissions | 319,074 | 257,642 | 194,553 |
| Expenses related to employee stock plans | 593,628 | 564,765 | 503,280 |
| Excess tax benefits from employee stock plans | (59,496) | (7,730) | (8,144) |
| Changes in assets and liabilities, net of business combinations: | |||
| Accounts receivable, net | (582,425) | (544,610) | (424,702) |
| Deferred commissions | (380,022) | (320,904) | (265,080) |
| Prepaid expenses and other current assets and other assets | 50,772 | 45,819 | 105,218 |
| Accounts payable, accrued expenses and other liabilities | 253,986 | 159,973 | (29,043) |
| Deferred revenue | 969,686 | 798,830 | 612,343 |
| Net cash provided by operating activities | 1,612,585 | 1,173,714 | 875,469 |
| Investing activities: | |||
| Business combinations, net of cash acquired | (58,680) | 38,071 | (2,617,302) |
| Proceeds from land and building improvements held for sale | 127,066 | 223,240 | 0 |
| Purchase of 50 Fremont land and building | (425,376) | 0 | 0 |
| Deposit and withdrawal for purchase of 50 Fremont land and building | 115,015 | (126,435) | 0 |
| Non-refundable amounts received for sale of land and building | 6,284 | 0 | 0 |
| Strategic investments | (366,519) | (93,725) | (31,160) |
| Purchases of marketable securities | (1,139,267) | (780,540) | (558,703) |
| Sales of marketable securities | 500,264 | 243,845 | 1,038,284 |
| Maturities of marketable securities | 37,811 | 87,638 | 36,436 |
| Capital expenditures | (284,476) | (290,454) | (299,110) |
| Net cash used in investing activities | (1,487,878) | (698,360) | (2,431,555) |
| Financing activities: | |||
| Proceeds from borrowings on convertible senior notes, net | 0 | 0 | 1,132,750 |
| Proceeds from issuance of warrants | 0 | 0 | 84,800 |
| Purchase of convertible note hedge | 0 | 0 | (153,800) |
| Proceeds from (payments on) revolving credit facility, net | (300,000) | 297,325 | 0 |
| Proceeds from (payments on) term loan, net | 0 | (285,000) | 283,500 |
| Proceeds from employee stock plans | 455,482 | 308,989 | 289,931 |
| Excess tax benefits from employee stock plans | 59,496 | 7,730 | 8,144 |
| Payments on convertible senior notes | 0 | (568,862) | (5,992) |
| Principal payments on capital lease obligations | (82,330) | (70,663) | (41,099) |
| Net cash provided by (used in) financing activities | 132,648 | (310,481) | 1,598,234 |
| Effect of exchange rate changes | (7,109) | (38,391) | (7,758) |
| Net increase in cash and cash equivalents | 250,246 | 126,482 | 34,390 |
| Cash and cash equivalents, beginning of period | 908,117 | 781,635 | |
| Cash and cash equivalents, end of period | 1,158,363 | 908,117 | 781,635 |
| Supplemental cash flow disclosure: | |||
| Cash paid during the period for: | |||
| Interest | 37,954 | 24,684 | 21,503 |
| Income taxes, net of tax refunds | 31,462 | 36,219 | 28,870 |
| Non-cash financing and investing activities: | |||
| Fixed assets acquired under capital leases | 12,948 | 124,099 | 492,810 |
| Building in progress - leased facility acquired under financing obligation | 77,057 | 85,118 | 40,171 |
| Fair value of equity awards assumed | 0 | 1,050 | 19,037 |
| Fair value of common stock issued as consideration for business combinations | 0 | 338,033 | 69,533 |
| Fair value of loan assumed on 50 Fremont | 198,751 | 0 | 0 |
| [1] Amounts include amortization of purchased intangibles from business combinations, as follows: Fiscal Year Ended January 31, 2016 2015 2014Cost of revenues $80,918 $90,300 $109,356Marketing and sales 77,152 64,673 37,179Other non-operating expense 3,636 0 0 | Amounts include stock-based expenses, as follows: Fiscal Year Ended January 31, 2016 2015 2014Cost of revenues $69,443 $53,812 $45,608Research and development 129,434 121,193 107,420Marketing and sales 289,152 286,410 258,571General and administrative 1 | |||
| External Links | |
| SALESFORCE, INC. (CRM) Fiscal Year 2015 | |
| 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 |