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 Operations | |||
Period Ending Jan 31, 2021 10-K (Filed: Feb 24, 2022) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | |
| Revenues: | |||
| Total revenues | $ 21,252 | 17,098 | 13,282 |
| Cost of revenues: | |||
| Total cost of revenues | 5,438 | 4,235 | 3,451 |
| Gross profit | 15,814 | 12,863 | 9,831 |
| Operating expenses: | |||
| Research and development | 3,598 | 2,766 | 1,886 |
| Marketing and sales | 9,674 | 7,930 | 6,064 |
| General and administrative | 2,087 | 1,704 | 1,346 |
| Loss on settlement of Salesforce.org reseller agreement | 0 | 166 | 0 |
| Total operating expenses | 15,359 | 12,566 | 9,296 |
| Income from operations | 455 | 297 | 535 |
| Gains on strategic investments, net | 2,170 | 427 [1] | 542 |
| Other expense | (64) | (18) | (94) |
| Income before benefit from (provision for) income taxes | 2,561 | 706 | 983 |
| Benefit from (provision for) income taxes | 1,511 | (580) | 127 [2] |
| Net income | 4,072 | 126 | 1,110 |
| Basic net income per share (in dollars per share) | 4.48 | 0.15 | 1.48 |
| Diluted net income per share (in dollars per share) | 4.38 | 0.15 | 1.43 |
| Shares used in computing basic net income per share (in shares) | 908 | 829 | 751 |
| Shares used in computing diluted net income per share (in shares) | 930 | 850 | 775 |
| Product and Service | |||
| Subscription and support | |||
| Total revenues | 19,976 | 16,043 | 12,413 |
| Total cost of revenues | 4,154 | 3,198 | 2,604 |
| Professional services and other | |||
| Total revenues | 1,276 | 1,055 | 869 |
| Total cost of revenues | 1,284 [3] | 1,037 | 847 |
| [2] Amounts include approximately $2.0 billion of one-time benefit from a discrete tax item related to the recognition of deferred tax assets resulting from an intra-entity transfer of intangible property in fiscal 2021, and a benefit related to the partial release of the valuation allowance of $612 million for fiscal 2019. | |||
| [3] Amounts include amortization of intangible assets acquired through business combinations, as follows: Fiscal Year Ended January 31, 202120202019Cost of revenues$662 $440 $215 Marketing and sales459 352 232 | Amounts include stock-based expense, as follows: Fiscal Year Ended January 31, 202120202019Cost of revenues$241 $204 $161 Research and development703 510 307 Marketing and sales941 852 643 General and administrative305 219 172 | |||
| [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 Operations | |||
Period Ending Jan 31, 2021 10-K (Filed: Mar 17, 2021) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | |
| Revenues: | |||
| Total revenues | $ 21,252 | 17,098 | 13,282 |
| Cost of revenues: | |||
| Total cost of revenues | 5,438 | 4,235 | 3,451 |
| Gross profit | 15,814 | 12,863 | 9,831 |
| Operating expenses: | |||
| Research and development | 3,598 | 2,766 | 1,886 |
| Marketing and sales | 9,674 | 7,930 | 6,064 |
| General and administrative | 2,087 | 1,704 | 1,346 |
| Loss on settlement of Salesforce.org reseller agreement | 0 | 166 | 0 |
| Total operating expenses | 15,359 | 12,566 | 9,296 |
| Income from operations | 455 | 297 | 535 |
| Gains on strategic investments, net | 2,170 | 427 | 542 [1] |
| Other expense | (64) | (18) | (94) |
| Income before benefit from (provision for) income taxes | 2,561 | 706 | 983 |
| Benefit from (provision for) income taxes | 1,511 | (580) | 127 |
| Net income | 4,072 | 126 | 1,110 |
| Basic net income per share (in dollars per share) | 4.48 | 0.15 | 1.48 |
| Diluted net income per share (in dollars per share) | 4.38 | 0.15 | 1.43 |
| Shares used in computing basic net income per share (in shares) | 908 | 829 | 751 |
| Shares used in computing diluted net income per share (in shares) | 930 | 850 | 775 |
| Product and Service | |||
| Subscription and support | |||
| Total revenues | 19,976 | 16,043 | 12,413 |
| Total cost of revenues | 4,154 | 3,198 | 2,604 |
| Professional services and other | |||
| Total revenues | 1,276 | 1,055 | 869 |
| Total cost of revenues | 1,284 [2] | 1,037 | 847 |
| [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. | |||
| [2] Amounts include amortization of intangible assets acquired through business combinations, as follows: Fiscal Year Ended January 31, 202120202019Cost of revenues$662 $440 $215 Marketing and sales459 352 232 | Amounts include stock-based expense, as follows: Fiscal Year Ended January 31, 202120202019Cost of revenues$241 $204 $161 Research and development703 510 307 Marketing and sales941 852 643 General and administrative305 219 172 | |||
| External Links | |
| SALESFORCE, INC. (CRM) Fiscal Year 2020 | |