2013 Q4 Form 10-Q Financial Statement

#000119312513453124 Filed on November 25, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2012 Q4 2012 Q3
Revenue $1.076B $788.4M $731.6M
YoY Change 36.48% 34.94% 34.0%
Cost Of Revenue $268.2M $186.2M $162.4M
YoY Change 43.99% 44.87% 34.33%
Gross Profit $807.8M $602.2M $569.2M
YoY Change 34.16% 32.14% 33.91%
Gross Profit Margin 75.08% 76.38% 77.8%
Selling, General & Admin $735.1M $542.3M $483.3M
YoY Change 35.56% 39.11% 31.52%
% of Gross Profit 90.99% 90.05% 84.9%
Research & Development $170.7M $114.1M $99.44M
YoY Change 49.63% 50.0% 35.49%
% of Gross Profit 21.13% 18.94% 17.47%
Depreciation & Amortization $114.3M $60.00M $50.00M
YoY Change 90.5% 44.23% 24.38%
% of Gross Profit 14.15% 9.96% 8.78%
Operating Expenses $905.8M $656.3M $582.7M
YoY Change 38.0% 40.89% 32.18%
Operating Profit -$97.93M -$54.19M -$13.47M
YoY Change 80.72% 433.5% -14.49%
Interest Expense $22.93M $8.190M $8.033M
YoY Change 179.96% 112.23% 108.87%
% of Operating Profit
Other Income/Expense, Net -$8.800M -$4.360M $294.0K
YoY Change 101.83% -14633.33% -109.1%
Pretax Income -$124.0M -$62.85M -$14.03M
YoY Change 97.36% 610.18% -20.78%
Income Tax $393.0K $157.4M -$4.203M
% Of Pretax Income
Net Earnings -$124.4M -$220.3M -$9.829M
YoY Change -43.52% 5765.2% 130.3%
Net Earnings / Revenue -11.56% -27.94% -1.34%
Basic Earnings Per Share -$0.21 -$0.39 -$0.02
Diluted Earnings Per Share -$0.21 -$0.39 -$0.02
COMMON SHARES
Basic Shares Outstanding 600.5M shares 568.8M shares 557.7M shares
Diluted Shares Outstanding 600.5M shares 568.8M shares 557.7M shares

Balance Sheet

Concept 2013 Q4 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.085B $1.416B $1.804B
YoY Change -23.36% 119.2% 212.7%
Cash & Equivalents $651.8M $521.7M $1.001B
Short-Term Investments $433.6M $894.3M $803.5M
Other Short-Term Assets $494.0M $234.0M $298.0M
YoY Change 111.11% 23.16% 52.82%
Inventory
Prepaid Expenses $367.2M $117.6M $146.9M
Receivables $604.0M $418.6M $446.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.801B $1.257B $1.853B
YoY Change 43.24% 9.52% 66.2%
LONG-TERM ASSETS
Property, Plant & Equipment $1.205B $583.8M $556.8M
YoY Change 106.45% 15.61% 18.46%
Goodwill $3.495B $1.525B $840.5M
YoY Change 129.16%
Intangibles $51.45M $41.31M
YoY Change
Long-Term Investments $452.0M $861.0M $748.0M
YoY Change -47.5% 21.95% -0.27%
Other Assets $599.5M $153.8M $148.0M
YoY Change 289.8% -5.06% -5.1%
Total Long-Term Assets $6.297B $3.385B $2.600B
YoY Change 86.02% 43.25% 12.77%
TOTAL ASSETS
Total Short-Term Assets $1.801B $1.257B $1.853B
Total Long-Term Assets $6.297B $3.385B $2.600B
Total Assets $8.098B $4.642B $4.454B
YoY Change 74.43% 32.22% 30.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $45.16M $57.94M $69.34M
YoY Change -22.05% 106.93% 215.18%
Accrued Expenses $716.0M $524.3M $482.9M
YoY Change 36.57% 28.18% 23.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $30.00M $515.0M $509.0M
YoY Change -94.17% 5.1% 5.17%
Total Short-Term Liabilities $3.097B $2.323B $2.329B
YoY Change 33.29% 26.74% 28.4%
LONG-TERM LIABILITIES
Long-Term Debt $262.5M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $702.9M $189.0M $185.0M
YoY Change 271.91% 26.0% 20.13%
Total Long-Term Liabilities $965.4M $189.0M $185.0M
YoY Change 410.8% 26.0% 20.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.097B $2.323B $2.329B
Total Long-Term Liabilities $965.4M $189.0M $185.0M
Total Liabilities $5.152B $2.499B $2.495B
YoY Change 106.17% 24.13% 24.56%
SHAREHOLDERS EQUITY
Retained Earnings -$226.5M -$90.14M $130.2M
YoY Change 151.32%
Common Stock $3.122B $142.0K $139.0K
YoY Change 2198550.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.912B $2.084B $1.892B
YoY Change
Total Liabilities & Shareholders Equity $8.098B $4.642B $4.454B
YoY Change 74.43% 32.22% 30.18%

Cashflow Statement

Concept 2013 Q4 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income -$124.4M -$220.3M -$9.829M
YoY Change -43.52% 5765.2% 130.3%
Depreciation, Depletion And Amortization $114.3M $60.00M $50.00M
YoY Change 90.5% 44.23% 24.38%
Cash From Operating Activities $137.9M $105.9M $136.2M
YoY Change 30.16% -17.71% 64.23%
INVESTING ACTIVITIES
Capital Expenditures $72.70M $51.05M $29.30M
YoY Change 42.4% 47.22% -34.95%
Acquisitions $0.00 $515.8M $10.08M
YoY Change -100.0% 680.1% -96.47%
Other Investing Activities -$90.90M -$606.8M $401.6M
YoY Change -85.02% 1001.27% -245.03%
Cash From Investing Activities -$163.5M -$657.9M $372.3M
YoY Change -75.14% 632.72% -215.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $92.35M 71.98M 41.05M
YoY Change 28.3% 379.83% 101.02%
NET CHANGE
Cash From Operating Activities $137.9M 105.9M 136.2M
Cash From Investing Activities -$163.5M -657.9M 372.3M
Cash From Financing Activities $92.35M 71.98M 41.05M
Net Change In Cash $66.69M -480.0M 549.5M
YoY Change -113.89% -990.18% -351.41%
FREE CASH FLOW
Cash From Operating Activities $137.9M $105.9M $136.2M
Capital Expenditures $72.70M $51.05M $29.30M
Free Cash Flow $65.16M $54.86M $106.9M
YoY Change 18.77% -41.66% 182.17%

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crm Contractual Life Of Stock Options In Years
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dei Trading Symbol
TradingSymbol
CRM
dei Entity Registrant Name
EntityRegistrantName
SALESFORCE COM INC
dei Amendment Flag
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false
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Document Fiscal Year Focus
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2014
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-10-31
dei Entity Central Index Key
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0001108524
dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Stockholders Equity Note Stock Split
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On March 20, 2013, the Company's certificate of incorporation was amended to increase the number of authorized shares of common stock from 400.0 million to 1.6 billion in order to provide for a four-for-one stock split of the common stock effected in the form of a stock dividend.
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CY2013Q4 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0
CY2013Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
393000
CY2013Q4 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
5184000
CY2013Q4 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-55119000
CY2013Q4 us-gaap Interest Expense
InterestExpense
22929000
CY2013Q4 us-gaap Cost Of Revenue
CostOfRevenue
268187000
CY2013Q4 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
55700000
CY2013Q4 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
3329000
CY2013Q4 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-427000
CY2013Q4 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1275000
CY2013Q4 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
1578000
CY2013Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-163522000
CY2013Q4 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
0
CY2013Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
170690000
CY2013Q4 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
40404000
CY2013Q4 crm Estimated Unrecognized Tax Benefits Period Increase Decrease
EstimatedUnrecognizedTaxBenefitsPeriodIncreaseDecrease
3500000
CY2013Q4 crm Increase Decrease Deferred Commissions
IncreaseDecreaseDeferredCommissions
57968000
CY2013Q4 crm Percentage Of Customer Total Revenue Required To Be Considered Significant Customer
PercentageOfCustomerTotalRevenueRequiredToBeConsideredSignificantCustomer
0.05 pure
CY2013Q4 crm Payment For Note Hedge
PaymentForNoteHedge
0
CY2013Q4 crm Cost Of Service Revenue
CostOfServiceRevenue
69378000
CY2013Q4 crm Noncash Or Part Noncash Acquisition Stock Acquired
NoncashOrPartNoncashAcquisitionStockAcquired
0
CY2013Q4 crm Fair Value Of Donated Subscriptions To Related Parties
FairValueOfDonatedSubscriptionsToRelatedParties
3800000
CY2013Q4 crm Cost Of Revenue Subscription And Support
CostOfRevenueSubscriptionAndSupport
198809000
CY2013Q4 crm Subscription And Support Revenue
SubscriptionAndSupportRevenue
1004476000
CY2013Q4 crm Supplemental Assets Acquired Under Capital Leases
SupplementalAssetsAcquiredUnderCapitalLeases
13857000
CY2013Q4 crm Land Activity And Building Improvements
LandActivityAndBuildingImprovements
0
CY2013Q4 crm Proceeds From Term Loan Debt
ProceedsFromTermLoanDebt
0
CY2013Q4 crm Repayment Of Term Loan Debt
RepaymentOfTermLoanDebt
7500000
CY2013Q4 crm Payments For Investments In Privately Held Companies
PaymentsForInvestmentsInPrivatelyHeldCompanies
9017000

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