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: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 31, 2021 10-K (Filed: Feb 24, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | |
| Operating activities: | |||
| Net income | $ 4,072 | 126 | 1,110 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 2,846 | 2,135 | 982 |
| Amortization of costs capitalized to obtain revenue contracts, net | 1,058 | 876 | 737 |
| Expenses related to employee stock plans | 2,190 | 1,785 | 1,283 |
| Loss on settlement of Salesforce.org reseller agreement | 0 | 166 | 0 |
| Gains on strategic investments, net | (2,170) | (427) [1] | (542) |
| Tax benefit from intra-entity transfer of intangible property | (2,003) | 0 | 0 |
| Changes in assets and liabilities, net of business combinations: | |||
| Accounts receivable, net | (1,556) | (1,000) | (923) |
| Costs capitalized to obtain revenue contracts, net | (1,645) | (1,130) | (981) |
| Prepaid expenses and other current assets and other assets | (133) | (119) | (58) |
| Accounts payable and accrued expenses and other liabilities | 1,100 | 982 | 287 |
| Operating lease liabilities | (830) | (728) | 0 |
| Unearned revenue | 1,872 | 1,665 | 1,503 |
| Net cash provided by operating activities | 4,801 | 4,331 | 3,398 |
| Investing activities: | |||
| Business combinations, net of cash acquired | (1,281) | (369) | (5,115) |
| Purchases of strategic investments | (1,069) | (768) | (362) |
| Sales of strategic investments | 1,051 | 434 | 260 |
| Purchases of marketable securities | (4,833) | (3,857) | (1,068) |
| Sales of marketable securities | 1,836 | 1,444 | 1,426 |
| Maturities of marketable securities | 1,035 | 779 | 146 |
| Capital expenditures | (710) | (643) | (595) |
| Net cash used in investing activities | (3,971) | (2,980) | (5,308) |
| Financing activities: | |||
| Proceeds from issuance of debt, net | (20) | 0 | 2,966 |
| Proceeds from employee stock plans | 1,321 | 840 | 704 |
| Principal payments on financing obligations | (103) | (173) | (131) |
| Repayments of debt | (4) | (503) | (1,529) |
| Net cash provided by financing activities | 1,194 | 164 | 2,010 |
| Effect of exchange rate changes | 26 | (39) | 26 |
| Net increase in cash and cash equivalents | 2,050 | 1,476 | 126 |
| Cash and cash equivalents, beginning of period | 4,145 | 2,669 | |
| Cash and cash equivalents, end of period | 6,195 | 4,145 | 2,669 |
| Supplemental cash flow disclosure: | |||
| Cash paid during the period for: | |||
| Interest | 96 | 106 | 94 |
| Income taxes, net of tax refunds | 216 | 129 | 83 |
| Non-cash investing and financing activities: | |||
| Fair value of equity awards assumed | 6 | 373 | 480 |
| Fair value of common stock issued as consideration for business combinations | 0 | 15,215 | 1,715 |
| [1] During fiscal 2021, two of the Companys strategic investments completed their initial public offering, resulting in an unrealized gain of $1.7 billion as of January 31, 2021. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
SALESFORCE, INC. | |||
Ticker: CRM Fiscal Year: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 31, 2021 10-K (Filed: Mar 17, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | |
| Operating activities: | |||
| Net income | $ 4,072 | 126 | 1,110 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 2,846 | 2,135 | 982 |
| Amortization of costs capitalized to obtain revenue contracts, net | 1,058 | 876 | 737 |
| Expenses related to employee stock plans | 2,190 | 1,785 | 1,283 |
| Loss on settlement of Salesforce.org reseller agreement | 0 | 166 | 0 |
| Gains on strategic investments, net | (2,170) | (427) | (542) [1] |
| Tax benefit from intra-entity transfer of intangible property | (2,003) | 0 | 0 |
| Changes in assets and liabilities, net of business combinations: | |||
| Accounts receivable, net | (1,556) | (1,000) | (923) |
| Costs capitalized to obtain revenue contracts, net | (1,645) | (1,130) | (981) |
| Prepaid expenses and other current assets and other assets | (133) | (119) | (58) |
| Accounts payable and accrued expenses and other liabilities | 1,100 | 982 | 287 |
| Operating lease liabilities | (830) | (728) | 0 |
| Unearned revenue | 1,872 | 1,665 | 1,503 |
| Net cash provided by operating activities | 4,801 | 4,331 | 3,398 |
| Investing activities: | |||
| Business combinations, net of cash acquired | (1,281) | (369) | (5,115) |
| Purchases of strategic investments | (1,069) | (768) | (362) |
| Sales of strategic investments | 1,051 | 434 | 260 |
| Purchases of marketable securities | (4,833) | (3,857) | (1,068) |
| Sales of marketable securities | 1,836 | 1,444 | 1,426 |
| Maturities of marketable securities | 1,035 | 779 | 146 |
| Capital expenditures | (710) | (643) | (595) |
| Net cash used in investing activities | (3,971) | (2,980) | (5,308) |
| Financing activities: | |||
| Proceeds from issuance of debt, net | (20) | 0 | 2,966 |
| Proceeds from employee stock plans | 1,321 | 840 | 704 |
| Principal payments on financing obligations | (103) | (173) | (131) |
| Repayments of debt | (4) | (503) | (1,529) |
| Net cash provided by financing activities | 1,194 | 164 | 2,010 |
| Effect of exchange rate changes | 26 | (39) | 26 |
| Net increase in cash and cash equivalents | 2,050 | 1,476 | 126 |
| Cash and cash equivalents, beginning of period | 4,145 | 2,669 | |
| Cash and cash equivalents, end of period | 6,195 | 4,145 | 2,669 |
| Supplemental cash flow disclosure: | |||
| Cash paid during the period for: | |||
| Interest | 96 | 106 | 94 |
| Income taxes, net of tax refunds | 216 | 129 | 83 |
| Non-cash investing and financing activities: | |||
| Fair value of equity awards assumed | 6 | 373 | 480 |
| Fair value of common stock issued as consideration for business combinations | 0 | 15,215 | 1,715 |
| [1] During fiscal 2021, two of the Companys strategic investments completed their initial public offering, resulting in an unrealized gain of $1.7 billion as of January 31, 2021. | |||
| External Links | |
| SALESFORCE, INC. (CRM) Fiscal Year 2020 | |