2012 Q3 Form 10-Q Financial Statement

#000119312512377656 Filed on August 31, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2011 Q3 2011 Q2
Revenue $731.6M $546.0M $504.4M
YoY Change 34.0% 38.44% 33.85%
Cost Of Revenue $162.4M $120.9M $103.1M
YoY Change 34.33% 55.43% 43.99%
Gross Profit $569.2M $425.1M $401.3M
YoY Change 33.91% 34.28% 31.49%
Gross Profit Margin 77.8% 77.86% 79.57%
Selling, General & Admin $483.3M $367.4M $338.8M
YoY Change 31.52% 50.61% 46.0%
% of Gross Profit 84.9% 86.44% 84.43%
Research & Development $99.44M $73.39M $65.29M
YoY Change 35.49% 70.96% 62.73%
% of Gross Profit 17.47% 17.27% 16.27%
Depreciation & Amortization $50.00M $40.20M $29.60M
YoY Change 24.38% 125.84% 104.14%
% of Gross Profit 8.78% 9.46% 7.38%
Operating Expenses $582.7M $440.8M $404.1M
YoY Change 32.18% 53.66% 48.47%
Operating Profit -$13.47M -$15.75M -$2.803M
YoY Change -14.49% -153.06% -108.49%
Interest Expense $8.033M $3.846M $4.400M
YoY Change 108.87% 140.38% 450.0%
% of Operating Profit
Other Income/Expense, Net $294.0K -$3.231M -$800.0K
YoY Change -109.1% 79.5% -60.0%
Pretax Income -$14.03M -$17.71M $800.0K
YoY Change -20.78% -160.04% -97.49%
Income Tax -$4.203M -$13.45M $300.0K
% Of Pretax Income 37.5%
Net Earnings -$9.829M -$4.268M $530.0K
YoY Change 130.3% -129.03% -97.01%
Net Earnings / Revenue -1.34% -0.78% 0.11%
Basic Earnings Per Share -$0.02 -$0.03 $0.00
Diluted Earnings Per Share -$0.02 -$0.03 $0.00
COMMON SHARES
Basic Shares Outstanding 557.7M shares 135.1M shares 133.5M
Diluted Shares Outstanding 557.7M shares 135.1M shares

Balance Sheet

Concept 2012 Q3 2011 Q3 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.804B $577.0M $764.0M
YoY Change 212.7% -22.24% -19.75%
Cash & Equivalents $1.001B $449.8M $664.6M
Short-Term Investments $803.5M $128.0M $99.00M
Other Short-Term Assets $298.0M $195.0M $153.0M
YoY Change 52.82% 38.3% 18.6%
Inventory
Prepaid Expenses $146.9M
Receivables $446.9M $342.0M $271.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.853B $1.115B $1.188B
YoY Change 66.2% 0.27% -6.01%
LONG-TERM ASSETS
Property, Plant & Equipment $556.8M $470.0M $446.0M
YoY Change 18.46% 365.35% 412.64%
Goodwill $840.5M
YoY Change
Intangibles $41.31M
YoY Change
Long-Term Investments $748.0M $750.0M $790.0M
YoY Change -0.27% -33.27% -17.36%
Other Assets $148.0M $156.0M $136.0M
YoY Change -5.1% 57.58% 47.83%
Total Long-Term Assets $2.600B $2.306B $1.940B
YoY Change 12.77% 45.4% 58.5%
TOTAL ASSETS
Total Short-Term Assets $1.853B $1.115B $1.188B
Total Long-Term Assets $2.600B $2.306B $1.940B
Total Assets $4.454B $3.421B $3.128B
YoY Change 30.18% 26.8% 25.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $69.34M $22.00M $17.00M
YoY Change 215.18% 4.76% 30.77%
Accrued Expenses $482.9M $390.0M $296.0M
YoY Change 23.82% 59.18% 66.29%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $509.0M $484.0M $478.0M
YoY Change 5.17%
Total Short-Term Liabilities $2.329B $1.814B $1.685B
YoY Change 28.4% 95.26% 101.07%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $185.0M $154.0M $167.0M
YoY Change 20.13% 340.0% 475.86%
Total Long-Term Liabilities $185.0M $154.0M $167.0M
YoY Change 20.13% -68.95% -65.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.329B $1.814B $1.685B
Total Long-Term Liabilities $185.0M $154.0M $167.0M
Total Liabilities $2.495B $2.003B $1.872B
YoY Change 24.56% 37.38% 38.26%
SHAREHOLDERS EQUITY
Retained Earnings $130.2M
YoY Change
Common Stock $139.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.892B $1.418B $1.256B
YoY Change
Total Liabilities & Shareholders Equity $4.454B $3.421B $3.128B
YoY Change 30.18% 26.8% 25.72%

Cashflow Statement

Concept 2012 Q3 2011 Q3 2011 Q2
OPERATING ACTIVITIES
Net Income -$9.829M -$4.268M $530.0K
YoY Change 130.3% -129.03% -97.01%
Depreciation, Depletion And Amortization $50.00M $40.20M $29.60M
YoY Change 24.38% 125.84% 104.14%
Cash From Operating Activities $136.2M $82.93M $139.5M
YoY Change 64.23% 8.98% -2.58%
INVESTING ACTIVITIES
Capital Expenditures $29.30M $45.05M -$27.30M
YoY Change -34.95% -262.05% 133.33%
Acquisitions $10.08M $285.3M
YoY Change -96.47%
Other Investing Activities $401.6M -$276.9M $106.7M
YoY Change -245.03% -28.56% -121.49%
Cash From Investing Activities $372.3M -$321.9M $79.40M
YoY Change -215.64% -22.5% -115.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 41.05M 20.42M 28.00M
YoY Change 101.02% -62.81% -35.78%
NET CHANGE
Cash From Operating Activities 136.2M 82.93M 139.5M
Cash From Investing Activities 372.3M -321.9M 79.40M
Cash From Financing Activities 41.05M 20.42M 28.00M
Net Change In Cash 549.5M -218.6M 246.9M
YoY Change -351.41% -23.14% -176.84%
FREE CASH FLOW
Cash From Operating Activities $136.2M $82.93M $139.5M
Capital Expenditures $29.30M $45.05M -$27.30M
Free Cash Flow $106.9M $37.88M $166.8M
YoY Change 182.17% -63.54% 7.68%

Facts In Submission

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dei Trading Symbol
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dei Entity Registrant Name
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SALESFORCE COM INC
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43899000
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
139425000 shares
CY2012Q3 us-gaap Revenues
Revenues
731649000
CY2012Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
44156000
CY2012Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3506000
CY2012Q3 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
35222000
CY2012Q3 us-gaap Gross Profit
GrossProfit
569231000
CY2012Q3 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
472710000
CY2012Q3 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
7479000
CY2012Q3 us-gaap Interest Paid
InterestPaid
2766000
CY2012Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
6207000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
-9829000
CY2012Q3 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
14702000
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4203000
CY2012Q3 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
10415000
CY2012Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2400000
CY2012Q3 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
78485000
CY2012Q3 us-gaap Interest Expense
InterestExpense
8033000
CY2012Q3 us-gaap Debt Instrument Convertible Interest Expense
DebtInstrumentConvertibleInterestExpense
7617000
CY2012Q3 crm Subscription And Support Revenue
SubscriptionAndSupportRevenue
687493000
CY2012Q3 crm Cost Of Revenue Subscription And Support
CostOfRevenueSubscriptionAndSupport
118519000
CY2012Q3 crm Supplemental Assets Acquired Under Capital Leases
SupplementalAssetsAcquiredUnderCapitalLeases
8923000
CY2012Q3 crm Noncash Or Part Noncash Acquisition Stock Acquired
NoncashOrPartNoncashAcquisitionStockAcquired
0
CY2012Q3 crm Amortization Of Debt Issuance Costs
AmortizationOfDebtIssuanceCosts
332000
CY2012Q3 crm Percentage Of Customer Total Revenue Required To Be Considered Significant Customer
PercentageOfCustomerTotalRevenueRequiredToBeConsideredSignificantCustomer
0.05 pure
CY2012Q3 crm Land Activity And Building Improvements
LandActivityAndBuildingImprovements
0
CY2012Q3 crm Holders Of Notes Conversion Percentage Of Conversion Price
HoldersOfNotesConversionPercentageOfConversionPrice
1.30 pure
CY2012Q3 crm Total Investment Income
TotalInvestmentIncome
7173000
CY2012Q3 crm Number Of Consecutive Trading Days In Period
NumberOfConsecutiveTradingDaysInPeriod
30 Day
CY2012Q3 crm Stock Based Compensation Expense Associated With Cost Of Revenue
StockBasedCompensationExpenseAssociatedWithCostOfRevenue
7864000
CY2012Q3 crm Amortization Of Purchased Intangibles Associated With Cost Of Revenues
AmortizationOfPurchasedIntangiblesAssociatedWithCostOfRevenues
17668000
CY2012Q3 crm Significant Concentration Of Total Revenue Number Customers
SignificantConcentrationOfTotalRevenueNumberCustomers
0 pure
CY2012Q3 crm Number Of Days Out Of Thirty That Common Stock Price Exceeded Conversion Price
NumberOfDaysOutOfThirtyThatCommonStockPriceExceededConversionPrice
20 Day
CY2012Q3 crm Cash Cash Equivalents And Marketable Securities Realized Loss
CashCashEquivalentsAndMarketableSecuritiesRealizedLoss
1205000
CY2012Q3 crm Contractual Interest Expense
ContractualInterestExpense
1078000
CY2012Q3 crm Stock Based Compensation Expense Associated With General And Administrative Expenses
StockBasedCompensationExpenseAssociatedWithGeneralAndAdministrativeExpenses
16683000
CY2012Q3 crm Payments For Investments In Privately Held Companies
PaymentsForInvestmentsInPrivatelyHeldCompanies
1129000
CY2012Q3 crm Stock Based Compensation Expense Associated With Sales And Marketing Expenses
StockBasedCompensationExpenseAssociatedWithSalesAndMarketingExpenses
44781000
CY2012Q3 crm Stock Based Compensation Expense Associated With Research And Development Expenses
StockBasedCompensationExpenseAssociatedWithResearchAndDevelopmentExpenses
16089000
CY2012Q3 crm Amortization Of Purchased Intangibles Associated With Sales And Marketing Expense
AmortizationOfPurchasedIntangiblesAssociatedWithSalesAndMarketingExpense
2407000
CY2012Q3 crm Cash Cash Equivalents And Marketable Securities Realized Gain
CashCashEquivalentsAndMarketableSecuritiesRealizedGain
3463000
CY2012Q1 crm Holders Of Notes Conversion Percentage Of Conversion Price
HoldersOfNotesConversionPercentageOfConversionPrice
1.30 pure
CY2012Q1 crm Number Of Consecutive Trading Days In Period
NumberOfConsecutiveTradingDaysInPeriod
30 Day
CY2012Q1 crm Number Of Days Out Of Thirty That Common Stock Price Exceeded Conversion Price
NumberOfDaysOutOfThirtyThatCommonStockPriceExceededConversionPrice
20 Day

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