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: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 31, 2018 10-K (Filed: Mar 9, 2018) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 | |
| Operating activities: | |||
| Net income (loss) | $ 127,478 | 179,632 | (47,426) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 752,600 | 632,245 | 525,750 |
| Amortization of debt discount and issuance costs | 31,267 | 30,541 | 27,467 |
| Gain on sales of land and building improvements | 0 | 0 | (21,792) |
| Gains from acquisitions of strategic investments | 0 | (13,697) | 0 |
| 50 Fremont lease termination | 0 | 0 | (36,617) |
| Amortization of deferred commissions | 464,662 | 371,541 | 319,074 |
| Expenses related to employee stock plans | 997,013 | 820,367 | 593,628 |
| Changes in assets and liabilities, net of business combinations: | |||
| Accounts receivable, net | (720,019) | (628,477) | (582,425) |
| Deferred commissions | (799,305) | (462,030) | (380,022) |
| Prepaid expenses and other current assets and other assets | 24,140 | (28,850) | 50,772 |
| Accounts payable, accrued expenses and other liabilities | 308,225 | 49,953 | 253,986 |
| Deferred revenue | 1,551,904 | 1,210,973 | 969,686 |
| Net cash provided by operating activities | 2,737,965 | 2,162,198 | 1,672,081 |
| Investing activities: | |||
| Business combinations, net of cash acquired | (25,391) | (3,192,739) | (58,680) |
| Proceeds from land and building improvements held for sale | 0 | 0 | 127,066 |
| Purchase of 50 Fremont land and building | 0 | 0 | (425,376) |
| Deposit for purchase of 50 Fremont land and building | 0 | 0 | 115,015 |
| Non-refundable amounts received for sale of land available for sale | 0 | 0 | 6,284 |
| Purchases of strategic investments | (216,438) | (110,329) | (386,219) |
| Sales of strategic investments | 130,732 | 80,342 | 19,700 |
| Purchases of marketable securities | (2,003,115) | (1,070,412) | (1,139,267) |
| Sales of marketable securities | 558,614 | 2,005,301 | 500,264 |
| Maturities of marketable securities | 79,123 | 67,454 | 37,811 |
| Capital expenditures | (534,027) | (463,958) | (284,476) |
| Net cash used in investing activities | (2,010,502) | (2,684,341) | (1,487,878) |
| Financing activities: | |||
| Proceeds from term loan, net | 0 | 495,550 | 0 |
| Proceeds from employee stock plans | 650,300 | 401,481 | 455,482 |
| Principal payments on capital lease obligations | (105,896) | (98,157) | (82,330) |
| Payments on revolving credit facility | (200,000) | (550,000) | (300,000) |
| Proceeds from revolving credit facility | 0 | 748,824 | 0 |
| Payments on convertible 0.25% senior notes | (123,179) | 0 | 0 |
| Net cash provided by financing activities | 221,225 | 997,698 | 73,152 |
| Effect of exchange rate changes | (11,753) | (27,369) | (7,109) |
| Net increase in cash and cash equivalents | 936,935 | 448,186 | 250,246 |
| Cash and cash equivalents, beginning of period | 1,606,549 | 1,158,363 | |
| Cash and cash equivalents, end of period | 2,543,484 | 1,606,549 | 1,158,363 |
| Supplemental cash flow disclosure: | |||
| Cash paid during the period for: | |||
| Interest | 40,340 | 54,999 | 37,954 |
| Income taxes, net of tax refunds | 53,234 | 36,388 | 31,462 |
| Non-cash investing and financing activities: | |||
| Fixed assets acquired under capital leases | 4,038 | 585 | 12,948 |
| Building - leased facility acquired under financing obligation | 0 | 0 | 77,057 |
| Fair value of loan assumed on 50 Fremont | 0 | 0 | 198,751 |
| Fair value of equity awards assumed | 0 | 103,267 | 0 |
| Fair value of common stock issued as consideration for business combinations | 12,145 | 1,088,917 | 0 |
| Increase (decrease) to non-cash equity liability | (68,355) | 68,355 | 0 |
| External Links | |
| SALESFORCE, INC. (CRM) Fiscal Year 2017 | |
| 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 |