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 Operations | |||
Period Ending Jan 31, 2020 10-K (Filed: Mar 5, 2020) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | |
| Revenues: | |||
| Total revenues | $ 17,098 | 13,282 | 10,540 |
| Cost of revenues: | |||
| Total cost of revenues | 4,235 | 3,451 | 2,773 |
| Gross profit | 12,863 | 9,831 | 7,767 |
| Operating expenses: | |||
| Research and development | 2,766 | 1,886 | 1,553 |
| Marketing and sales | 7,930 | 6,064 | 4,671 |
| General and administrative | 1,704 | 1,346 [1] | 1,089 |
| Loss on settlement of Salesforce.org reseller agreement (Note 7) | 166 | 0 | 0 |
| Total operating expenses | 12,566 | 9,296 | 7,313 |
| Income from operations | 297 | 535 | 454 |
| Gains on strategic investments, net | 427 | 542 | 19 |
| Other expense | (18) | (94) | (53) |
| Income before benefit from (provision for) income taxes | 706 | 983 | 420 |
| Benefit from (provision for) income taxes (3) | (580) | 127 | (60) [2] |
| Net income | 126 | 1,110 | 360 |
| Basic net income per share (in dollars per share) | 0.15 | 1.48 | 0.50 |
| Diluted net income per share (in dollars per share) | 0.15 | 1.43 | 0.49 |
| Shares used in computing basic net income per share (in shares) | 829 | 751 | 715 |
| Shares used in computing diluted net income per share (in shares) | 850 | 775 | 735 |
| Product and Service | |||
| Subscription and support | |||
| Total revenues | 16,043 | 12,413 | 9,766 |
| Total cost of revenues | 3,198 | 2,604 | 2,033 |
| Professional services and other | |||
| Total revenues | 1,055 | 869 | 774 |
| Total cost of revenues | 1,037 | 847 | 740 |
| [1] Amounts include stock-based expense, as follows: Fiscal Year Ended January 31, 202020192018Cost of revenues$204 $161 $130 Research and development510 307 260 Marketing and sales852 643 469 General and administrative219 172 138 | Amounts include amortization of intangible assets acquired through business combinations, as follows: Fiscal Year Ended January 31, 202020192018Cost of revenues$440 $215 $166 Marketing and sales352 232 121 | |||
| [2] Amounts include a benefit related to the partial release of the valuation allowance of $612 million, and $2 million, for fiscal 2019 and 2018, respectively. The fiscal 2019 benefit was partially offset by an increase in unrecognized tax benefits. | |||
| 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 |