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: 2019 | |||
Condensed Consolidated Statements of Cash Flows | |||
Period Ending Jan 31, 2020 10-K (Filed: Mar 5, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | |
| Operating activities: | |||
| Net income (loss) | $ 126 | 1,110 | 360 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 2,135 | 982 | 784 |
| Amortization of costs capitalized to obtain revenue contracts, net | 876 | 737 | 592 |
| Expenses related to employee stock plans | 1,785 | 1,283 | 997 |
| Loss on settlement of Salesforce.org reseller agreement (Note 7) | 166 | 0 | 0 |
| Gains on strategic investments, net | (427) | (542) | (19) |
| Changes in assets and liabilities, net of business combinations: | |||
| Accounts receivable, net | (1,000) | (923) | (719) |
| Costs capitalized to obtain revenue contracts, net | (1,130) | (981) | (1,156) |
| Prepaid expenses and other current assets and other assets | (119) | (58) | 18 |
| Accounts payable | 15 | 74 | (39) |
| Accrued expenses and other liabilities | 967 | 213 | 392 |
| Operating lease liabilities | (728) | ||
| Unearned revenue | 1,665 | 1,503 | 1,528 |
| Net cash provided by operating activities | 4,331 | 3,398 | 2,738 |
| Investing activities: | |||
| Business combinations, net of cash acquired | (369) | (5,115) | (25) |
| Purchases of strategic investments | (768) | (362) | (216) |
| Sales of strategic investments | 434 | 260 | 131 |
| Purchases of marketable securities | (3,857) | (1,068) | (2,003) |
| Sales of marketable securities | 1,444 | 1,426 | 558 |
| Maturities of marketable securities | 779 | 146 | 78 |
| Capital expenditures | (643) | (595) | (534) |
| Net cash used in investing activities | (2,980) | (5,308) | (2,011) |
| Financing activities: | |||
| Proceeds from issuance of debt, net | 0 | 2,966 | 0 |
| Proceeds from employee stock plans | 840 | 704 | 650 |
| Principal payments on financing obligations | (173) | (131) [1] | (106) |
| Repayments of debt | (503) | (1,529) | (323) |
| Net cash provided by financing activities | 164 | 2,010 | 221 |
| Effect of exchange rate changes | (39) | 26 | (12) |
| Net increase in cash and cash equivalents | 1,476 | 126 | 936 |
| Cash and cash equivalents, beginning of period | 2,669 | 2,543 | |
| Cash and cash equivalents, end of period | 4,145 | 2,669 | 2,543 |
| Supplemental cash flow disclosure: | |||
| Cash paid during the period for: | |||
| Interest | 106 | 94 | 40 |
| Income taxes, net of tax refunds | 129 | 83 | 53 |
| Non-cash investing and financing activities: | |||
| Fair value of equity awards assumed | 373 | 480 | 0 |
| Fair value of common stock issued as consideration for business combinations | 15,215 | 1,715 | 12 |
| [1] Previously referred to as principal payments on capital lease obligations. | |||
| External Links | |
| SALESFORCE, INC. (CRM) Fiscal Year 2019 | |
| 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 |