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: 2022 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Jan 31, 2023 10-K (Filed: Mar 8, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | |
| Operating activities: | |||
| Net income | $ 208 | 1,444 | 4,072 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 3,786 | 3,298 [1] | 2,846 |
| Amortization of costs capitalized to obtain revenue contracts, net | 1,668 | 1,348 | 1,058 |
| Stock-based compensation expense | 3,279 | 2,779 | 2,190 |
| (Gains) losses on strategic investments, net | 239 | (1,211) | (2,170) |
| Tax benefit from intra-entity transfer of intangible property | 0 | 0 | (2,003) |
| Changes in assets and liabilities, net of business combinations: | |||
| Accounts receivable, net | (995) | (1,824) | (1,556) |
| Costs capitalized to obtain revenue contracts, net | (2,345) | (2,283) | (1,645) |
| Prepaid expenses and other current assets and other assets | (302) | 114 | (133) |
| Accounts payable and accrued expenses and other liabilities | 528 | 507 | 1,100 |
| Operating lease liabilities | (699) | (801) | (830) |
| Unearned revenue | 1,744 | 2,629 | 1,872 |
| Net cash provided by operating activities | 7,111 | 6,000 | 4,801 |
| Investing activities: | |||
| Business combinations, net of cash acquired | (439) | (14,876) | (1,281) |
| Purchases of strategic investments | (550) | (1,718) | (1,069) |
| Sales of strategic investments | 355 | 2,201 | 1,051 |
| Purchases of marketable securities | (4,777) | (5,674) | (4,833) |
| Sales of marketable securities | 1,771 | 4,179 | 1,836 |
| Maturities of marketable securities | 2,449 | 2,069 | 1,035 |
| Capital expenditures | (798) | (717) | (710) |
| Net cash used in investing activities | (1,989) | (14,536) | (3,971) |
| Financing activities: | |||
| Proceeds from issuance of debt, net of issuance costs | 0 | 7,906 | (20) |
| Repayments of Slack Convertible Notes, net of capped call proceeds | 0 | (1,197) | 0 |
| Repurchases of common stock | (4,000) | 0 | 0 |
| Proceeds from employee stock plans | 861 | 1,289 | 1,321 |
| Principal payments on financing obligations | (419) | (156) | (103) |
| Repayments of debt | (4) | (4) | (4) |
| Net cash provided by (used in) financing activities | (3,562) | 7,838 | 1,194 |
| Effect of exchange rate changes | (8) | (33) | 26 |
| Net increase (decrease) in cash and cash equivalents | 1,552 | (731) | 2,050 |
| Cash and cash equivalents, beginning of period | 5,464 | 6,195 | |
| Cash and cash equivalents, end of period | 7,016 | 5,464 | 6,195 |
| Supplemental cash flow disclosure: | |||
| Cash paid during the period for: | |||
| Interest | 275 | 187 | 96 |
| Income taxes, net of tax refunds | 510 | 196 | 216 |
| Non-cash investing and financing activities: | |||
| Fair value of equity awards assumed | 7 | 205 | 6 |
| Fair value of common stock issued as consideration for business combinations | 0 | 11,064 | 0 |
| [1] Includes amortization of intangible assets acquired through business combinations, depreciation of fixed assets and amortization of right of use assets. | |||
| External Links | |
| SALESFORCE, INC. (CRM) Fiscal Year 2022 | |