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: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 31, 2022 10-K (Filed: Mar 11, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | |
| Operating activities: | |||
| Net income | $ 1,444 | 4,072 | 126 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 3,298 | 2,846 | 2,135 |
| Amortization of costs capitalized to obtain revenue contracts, net | 1,348 | 1,058 | 876 |
| Stock-based expense | 2,779 | 2,190 | 1,785 |
| Loss on settlement of Salesforce.org reseller agreement | 0 | 0 | 166 |
| Gains on strategic investments, net | (1,211) | (2,170) | (427) |
| Tax benefit from intra-entity transfer of intangible property | 0 | (2,003) | 0 |
| Changes in assets and liabilities, net of business combinations: | |||
| Accounts receivable, net | (1,824) | (1,556) | (1,000) |
| Costs capitalized to obtain revenue contracts, net | (2,283) | (1,645) | (1,130) |
| Prepaid expenses and other current assets and other assets | 114 | (133) | (119) |
| Accounts payable and accrued expenses and other liabilities | 507 | 1,100 | 982 |
| Operating lease liabilities | (801) | (830) | (728) |
| Unearned revenue | 2,629 | 1,872 | 1,665 |
| Net cash provided by operating activities | 6,000 | 4,801 | 4,331 |
| Investing activities: | |||
| Business combinations, net of cash acquired | (14,876) | (1,281) | (369) |
| Purchases of strategic investments | (1,718) | (1,069) | (768) |
| Sales of strategic investments | 2,201 | 1,051 | 434 |
| Purchases of marketable securities | (5,674) | (4,833) | (3,857) |
| Sales of marketable securities | 4,179 | 1,836 | 1,444 |
| Maturities of marketable securities | 2,069 | 1,035 | 779 |
| Capital expenditures | (717) | (710) | (643) |
| Net cash used in investing activities | (14,536) | (3,971) | (2,980) |
| Financing activities: | |||
| Proceeds from issuance of debt, net of issuance costs | 7,906 | (20) | 0 |
| Repayments of Slack Convertible Notes, net of capped call proceeds (Note 9) | (1,197) | 0 | 0 |
| Proceeds from employee stock plans | 1,289 | 1,321 | 840 |
| Principal payments on financing obligations | (156) | (103) | (173) |
| Repayments of debt | (4) | (4) | (503) |
| Net cash provided by financing activities | 7,838 | 1,194 | 164 |
| Effect of exchange rate changes | (33) | 26 | (39) |
| Net increase (decrease) in cash and cash equivalents | (731) | 2,050 | 1,476 |
| Cash and cash equivalents, beginning of period | 6,195 | 4,145 | |
| Cash and cash equivalents, end of period | 5,464 | 6,195 | 4,145 |
| Supplemental cash flow disclosure: | |||
| Cash paid during the period for: | |||
| Interest | 187 | 96 | 106 |
| Income taxes, net of tax refunds | 196 | 216 | 129 |
| Non-cash investing and financing activities: | |||
| Fair value of equity awards assumed | 205 | 6 | 373 |
| Fair value of common stock issued as consideration for business combinations | 11,064 | 0 | 15,215 |
| External Links | |
| SALESFORCE, INC. (CRM) Fiscal Year 2021 | |
| 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 |