2013 Q1 Form 10-K Financial Statement

#000119312513098852 Filed on March 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2013 2012 Q1
Revenue $834.7M $3.050B $631.9M
YoY Change 32.09% 34.58% 38.3%
Cost Of Revenue $183.4M $683.6M $136.3M
YoY Change 34.56% 39.82% 47.67%
Gross Profit $651.3M $2.367B $495.6M
YoY Change 31.43% 33.13% 35.92%
Gross Profit Margin 78.03% 77.59% 78.42%
Selling, General & Admin $548.8M $2.048B $421.3M
YoY Change 30.26% 34.96% 37.05%
% of Gross Profit 84.26% 86.53% 85.01%
Research & Development $121.2M $429.5M $80.60M
YoY Change 50.37% 45.42% 40.17%
% of Gross Profit 18.61% 18.15% 16.26%
Depreciation & Amortization $57.40M $216.8M $45.90M
YoY Change 25.05% 37.83% 93.67%
% of Gross Profit 8.81% 9.16% 9.26%
Operating Expenses $672.1M $2.477B $502.0M
YoY Change 33.88% 36.66% 37.53%
Operating Profit -$20.81M -$110.7M -$6.377M
YoY Change 226.28% 215.55% 1494.25%
Interest Expense -$4.300M $30.95M -$700.0K
YoY Change 514.29% 81.57% -111.48%
% of Operating Profit
Other Income/Expense, Net -$900.0K -$6.000M -$500.0K
YoY Change 80.0% 50.0% -64.29%
Pretax Income -$26.00M -$90.74M -$7.500M
YoY Change 246.67% 232.36% -270.45%
Income Tax -$5.200M $142.7M -$3.500M
% Of Pretax Income
Net Earnings -$20.84M -$270.4M -$4.078M
YoY Change 411.13% 2237.06% -137.41%
Net Earnings / Revenue -2.5% -8.87% -0.65%
Basic Earnings Per Share -$0.04 -$0.48 -$0.03
Diluted Earnings Per Share -$0.04 -$0.48 -$0.03
COMMON SHARES
Basic Shares Outstanding 146.4M shares 564.9M shares
Diluted Shares Outstanding 564.9M shares

Balance Sheet

Concept 2013 Q1 2013 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.758B $868.0M $1.447B
YoY Change 21.5% 11.57% 191.18%
Cash & Equivalents $747.2M $747.0M $607.3M
Short-Term Investments $1.011B $120.0M $839.9M
Other Short-Term Assets $275.0M $275.0M $211.0M
YoY Change 30.33% 30.33% 39.74%
Inventory
Prepaid Expenses $133.3M $80.32M
Receivables $872.6M $873.0M $683.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.016B $2.016B $1.672B
YoY Change 20.55% 20.57% 55.56%
LONG-TERM ASSETS
Property, Plant & Equipment $604.7M $605.0M $527.9M
YoY Change 14.53% 14.58% 36.42%
Goodwill $1.529B $785.4M
YoY Change 94.73% 98.29%
Intangibles $49.35M $46.11M
YoY Change 7.04%
Long-Term Investments $891.0M $891.0M $723.0M
YoY Change 23.24% 23.24% -22.92%
Other Assets $169.0M $281.0M $155.1M
YoY Change 8.9% 36.41% 19.35%
Total Long-Term Assets $3.513B $3.513B $2.492B
YoY Change 40.98% 40.97% 23.61%
TOTAL ASSETS
Total Short-Term Assets $2.016B $2.016B $1.672B
Total Long-Term Assets $3.513B $3.513B $2.492B
Total Assets $5.529B $5.529B $4.164B
YoY Change 32.78% 32.78% 34.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.54M $598.0M $33.26M
YoY Change -56.3% 1712.12% 84.77%
Accrued Expenses $597.7M $512.3M
YoY Change 16.68% 48.48%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $521.0M $496.0M
YoY Change -100.0% 5.04%
Total Short-Term Liabilities $2.918B $2.918B $2.300B
YoY Change 26.85% 25.61% 80.25%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $175.7M $294.0M $216.0M
YoY Change -18.64% 36.11% 359.57%
Total Long-Term Liabilities $175.7M $294.0M $216.0M
YoY Change -18.64% 36.11% -58.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.918B $2.918B $2.300B
Total Long-Term Liabilities $175.7M $294.0M $216.0M
Total Liabilities $3.158B $3.211B $2.498B
YoY Change 26.41% 24.6% 37.63%
SHAREHOLDERS EQUITY
Retained Earnings -$111.0M $159.5M
YoY Change -169.6%
Common Stock $2.411B $137.0K
YoY Change 1760102.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.318B $2.318B $1.587B
YoY Change
Total Liabilities & Shareholders Equity $5.529B $5.529B $4.164B
YoY Change 32.78% 32.78% 34.72%

Cashflow Statement

Concept 2013 Q1 2013 2012 Q1
OPERATING ACTIVITIES
Net Income -$20.84M -$270.4M -$4.078M
YoY Change 411.13% 2237.06% -137.41%
Depreciation, Depletion And Amortization $57.40M $216.8M $45.90M
YoY Change 25.05% 37.83% 93.67%
Cash From Operating Activities $281.6M $736.9M $240.3M
YoY Change 17.19% 24.58% 44.93%
INVESTING ACTIVITIES
Capital Expenditures -$50.50M $175.6M -$44.60M
YoY Change 13.23% 15.8% 45.75%
Acquisitions $579.7M
YoY Change 37.15%
Other Investing Activities -$127.8M -$763.3M -$112.7M
YoY Change 13.4% 125.83% -68.0%
Cash From Investing Activities -$178.3M -$938.9M -$157.3M
YoY Change 13.35% 91.74% -58.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 124.4M $334.5M 12.50M
YoY Change 895.2% 341.06% 16.82%
NET CHANGE
Cash From Operating Activities 281.6M $736.9M 240.3M
Cash From Investing Activities -178.3M -$938.9M -157.3M
Cash From Financing Activities 124.4M $334.5M 12.50M
Net Change In Cash 227.7M $132.5M 95.50M
YoY Change 138.43% -25.41% -146.29%
FREE CASH FLOW
Cash From Operating Activities $281.6M $736.9M $240.3M
Capital Expenditures -$50.50M $175.6M -$44.60M
Free Cash Flow $332.1M $561.3M $284.9M
YoY Change 16.57% 27.61% 45.06%

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CY2013 dei Trading Symbol
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CRM
CY2013 dei Entity Registrant Name
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SALESFORCE COM INC
CY2013 dei Entity Current Reporting Status
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CY2013 dei Amendment Flag
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CY2013 dei Entity Filer Category
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CY2013 dei Entity Voluntary Filers
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CY2013 dei Document Fiscal Year Focus
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CY2013 dei Document Type
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10-K
CY2013 dei Document Period End Date
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2013-01-31
CY2013 dei Entity Central Index Key
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0001108524
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<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Reclassifications</i></b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Certain reclassifications to the fiscal 2012 balances were made to conform to the current period presentation. These reclassifications include accounts payable, accrued expenses and other liabilities, long-term lease liabilities and deferred income taxes.</font></p> </div>
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CY2013 us-gaap Concentration Risk Credit Risk
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MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> &#xA0;</p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="5%"><font size="1">&#xA0;</font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">&#x2022;</font></td> <td valign="top" width="1%"><font size="1">&#xA0;</font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">the fair value of stock awards issued, and</font></p> </td> </tr> </table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> &#xA0;</p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="5%"><font size="1">&#xA0;</font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">&#x2022;</font></td> <td valign="top" width="1%"><font size="1">&#xA0;</font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">the valuation of strategic investments and the determination of other-than-temporary impairments.</font></p> </td> </tr> </table> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Actual results could differ materially from those estimates.</font></p> </div>
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10900000
CY2013 us-gaap Interest Expense
InterestExpense
30948000
CY2013 us-gaap Debt Instrument Convertible Interest Expense
DebtInstrumentConvertibleInterestExpense
30768000
CY2013 crm Subscription And Support Revenue
SubscriptionAndSupportRevenue
2868808000
CY2013 crm Cost Of Revenue Subscription And Support
CostOfRevenueSubscriptionAndSupport
494187000
CY2013 crm Supplemental Assets Acquired Under Capital Leases
SupplementalAssetsAcquiredUnderCapitalLeases
33392000
CY2013 crm Estimated Unrecognized Tax Benefits Period Increase Decrease
EstimatedUnrecognizedTaxBenefitsPeriodIncreaseDecrease
4000000
CY2013 crm Noncash Or Part Noncash Acquisition Stock Acquired
NoncashOrPartNoncashAcquisitionStockAcquired
37898000
CY2013 crm Convertible Senior Notes Shares
ConvertibleSeniorNotesShares
6734664 shares
CY2013 crm Percentage Of Customer Total Revenue Required To Be Considered Significant Customer
PercentageOfCustomerTotalRevenueRequiredToBeConsideredSignificantCustomer
0.05 pure
CY2013 crm Notes Trading Price Percentage
NotesTradingPricePercentage
0.98 pure
CY2013 crm Contractual Life Of Stock Options In Years
ContractualLifeOfStockOptionsInYears
5 Y
CY2013 crm Land Activity And Building Improvements
LandActivityAndBuildingImprovements
4106000
CY2013 crm Percentage Of Customer Accounts Receivable Required To Be Considered Significant Customer
PercentageOfCustomerAccountsReceivableRequiredToBeConsideredSignificantCustomer
0.05 pure
CY2013 crm Shares Available For Grant Exercised
SharesAvailableForGrantExercised
0 shares
CY2013 crm Holders Of Notes Conversion Percentage Of Conversion Price
HoldersOfNotesConversionPercentageOfConversionPrice
1.30 pure
CY2013 crm Number Of Consecutive Trading Days In Period
NumberOfConsecutiveTradingDaysInPeriod
30 D
CY2013 crm Prior Contractual Life Of Stock Options In Years
PriorContractualLifeOfStockOptionsInYears
10 Y
CY2013 crm Significant Concentration Of Total Revenue Number Customers
SignificantConcentrationOfTotalRevenueNumberCustomers
0 pure
CY2013 crm Number Of Days Out Of Thirty That Common Stock Price Exceeded Conversion Price
NumberOfDaysOutOfThirtyThatCommonStockPriceExceededConversionPrice
20 D
CY2013 crm Contractual Interest Expense
ContractualInterestExpense
4313000
CY2013 crm Payments For Investments In Privately Held Companies
PaymentsForInvestmentsInPrivatelyHeldCompanies
9695000
CY2013 crm Percentage Of Purchase Price Of Notes Which Should Be Paid Upon Fundamental Change
PercentageOfPurchasePriceOfNotesWhichShouldBePaidUponFundamentalChange
1.00 pure
CY2013 crm Unrecognized Tax Benefits Currency Translation Effect
UnrecognizedTaxBenefitsCurrencyTranslationEffect
-208000
CY2013 crm Income Tax Reconciliation Acquisitions Of Business
IncomeTaxReconciliationAcquisitionsOfBusiness
3568000
CY2012Q4 us-gaap Revenues
Revenues
788398000
CY2012Q4 us-gaap Gross Profit
GrossProfit
602150000
CY2013 crm Excess Tax Benefits Included In Net Operating Loss Carryforwards Not Reflected In Deferred Tax Assets
ExcessTaxBenefitsIncludedInNetOperatingLossCarryforwardsNotReflectedInDeferredTaxAssets
316200000
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
-220297000
CY2011Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-2803000
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
CY2011Q2 us-gaap Revenues
Revenues
504364000
CY2011Q2 us-gaap Gross Profit
GrossProfit
401298000
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
530000
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-22249000
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2012Q2 us-gaap Revenues
Revenues
695467000
CY2012Q2 us-gaap Gross Profit
GrossProfit
543916000
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
-19475000
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-20807000
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2013Q1 us-gaap Revenues
Revenues
834681000
CY2013Q1 us-gaap Gross Profit
GrossProfit
651319000
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
-20844000
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-15748000
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2011Q3 us-gaap Revenues
Revenues
546002000
CY2011Q3 us-gaap Gross Profit
GrossProfit
425092000
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
-4268000
CY2011Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-10157000
CY2011Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2011Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2011Q4 us-gaap Revenues
Revenues
584260000
CY2011Q4 us-gaap Gross Profit
GrossProfit
455695000
CY2011Q4 us-gaap Net Income Loss
NetIncomeLoss
-3756000
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-13466000
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2012Q3 us-gaap Revenues
Revenues
731649000
CY2012Q3 us-gaap Gross Profit
GrossProfit
569231000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
-9829000
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-54188000
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.55
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.55
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-6377000
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2012Q1 us-gaap Revenues
Revenues
631913000
CY2012Q1 us-gaap Gross Profit
GrossProfit
495568000
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
-4078000

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