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: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 31, 2017 10-K (Filed: Mar 6, 2017) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2017 | Jan 31, 2016 | Jan 31, 2015 | |
| Operating activities: | |||
| Net income (loss) | $ 179,632 | (47,426) | (262,688) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 632,245 | 525,750 | 448,296 |
| Amortization of debt discount and transaction costs | 30,541 | 27,467 | 39,620 |
| Gain on sales of land and building improvements | 0 | (21,792) | (15,625) |
| Gains from acquisitions of strategic investments | (13,697) | 0 | 0 |
| 50 Fremont lease termination | 0 | (36,617) | 0 |
| Loss on conversions of convertible senior notes | 0 | 0 | 10,326 |
| Amortization of deferred commissions | 371,541 | 319,074 | 257,642 |
| Expenses related to employee stock plans | 820,367 | 593,628 | 564,765 |
| Changes in assets and liabilities, net of business combinations: | |||
| Accounts receivable, net | (628,477) | (582,425) | (544,610) |
| Deferred commissions | (462,030) | (380,022) | (320,904) |
| Prepaid expenses and other current assets and other assets | (28,850) | 50,772 | 45,819 |
| Accounts payable, accrued expenses and other liabilities | 49,953 | 253,986 | 159,973 |
| Deferred revenue | 1,210,973 | 969,686 | 798,830 |
| Net cash provided by operating activities | 2,162,198 | 1,672,081 [1] | 1,181,444 |
| Investing activities: | |||
| Business combinations, net of cash acquired | (3,192,739) | (58,680) | 38,071 |
| Proceeds from land and building improvements held for sale | 0 | 127,066 | 223,240 |
| Purchase of 50 Fremont land and building | 0 | (425,376) | 0 |
| Deposit and withdrawal for purchase of 50 Fremont land and building | 0 | 115,015 | (126,435) |
| Non-refundable amounts received for sale of land and building | 0 | 6,284 | 0 |
| Strategic investments | (29,987) | (366,519) | (93,725) |
| Purchases of marketable securities | (1,070,412) | (1,139,267) | (780,540) |
| Sales of marketable securities | 2,005,301 | 500,264 | 243,845 |
| Maturities of marketable securities | 67,454 | 37,811 | 87,638 |
| Capital expenditures | (463,958) | (284,476) | (290,454) |
| Net cash used in investing activities | (2,684,341) | (1,487,878) | (698,360) |
| Financing activities: | |||
| Proceeds from revolving credit facility, net | 748,824 | 0 | 297,325 |
| Payments on revolving credit facility, net | (550,000) | (300,000) | 0 |
| Proceeds from (payments on) term loan, net | 495,550 | 0 | (285,000) |
| Proceeds from employee stock plans | 401,481 | 455,482 | 308,989 |
| Payments on convertible senior notes | 0 | 0 | (568,862) |
| Principal payments on capital lease obligations | (98,157) | (82,330) | (70,663) |
| Net cash provided by (used in) financing activities | 997,698 | 73,152 | (318,211) |
| Effect of exchange rate changes | (27,369) | (7,109) | (38,391) |
| Net increase in cash and cash equivalents | 448,186 | 250,246 | 126,482 |
| Cash and cash equivalents, beginning of period | 1,158,363 | 908,117 | |
| Cash and cash equivalents, end of period | 1,606,549 | 1,158,363 | 908,117 |
| Supplemental cash flow disclosure: | |||
| Cash paid during the period for: | |||
| Interest | 54,999 | 37,954 | 24,684 |
| Income taxes, net of tax refunds | 36,388 | 31,462 | 36,219 |
| Non-cash financing and investing activities: | |||
| Fixed assets acquired under capital leases | 585 | 12,948 | 124,099 |
| Building- leased facility acquired under financing obligation | 0 | 77,057 | 85,118 |
| Fair value of equity awards assumed | 103,267 | 0 | 1,050 |
| Fair value of common stock issued as consideration for business combinations | 1,088,917 | 0 | 338,033 |
| Fair value of loan assumed on 50 Fremont | 0 | 198,751 | 0 |
| Non-cash equity liability (Note 9) | 68,355 | 0 | 0 |
| [1] As of the start of fiscal 2017, the Company early adopted Accounting Standards Update No. 2016-09, Improvements to Employee Share-Based Payment Accounting (Topic 718) (ASU 2016-09), which addresses among other items, updates to the presentation and treatment of excess tax benefits related to stock based compensation. Excess tax benefits are no longer classified as a reduction of operating cash flows. The Company has adopted changes to the consolidated statements of cash flows on a retrospective basis. T | |||
| External Links | |
| SALESFORCE, INC. (CRM) Fiscal Year 2016 | |
| 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 |