Salesforce.com, inc. (CRM)
CashFlow / Yearly
Jan'20Jan'19Jan'18Jan'17Jan'16Jan'15Jan'14Jan'13Jan'12Jan'11Jan'10Jan'09Jan'08
Operating activities:
Net income (loss)

126

1,110

360

323

-47

-262

-232

-270

-11

69

84

48

22

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

2,135

982

784

632

525

448

369

216

157

75

53

35

24

Amortization of debt discount and issuance costs

-

-

-

31

27

39

49

24

10

19

0

0

-

Amortization of costs capitalized to obtain revenue contracts, net

900

700

592

470

-

-

-

-

-

-

-

-

-

50 Fremont lease termination

-

-

-

-

36

0

0

-

-

-

-

-

-

Loss on conversions of convertible senior notes

-

-

-

-

-

-10

-0

0

-

-

-

-

-

Amortization of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

0

Amortization of deferred commissions

-

-

-

-

319

257

194

154

107

80

63

58

42

Expenses related to employee stock plans

1,785

1,283

997

820

593

564

503

379

229

120

88

77

55

Loss on settlement of Salesforce.org reseller agreement (Note 7)

166

0

0

-

-

-

-

-

-

-

-

-

-

Gain on sales of land and building improvements

-

-

-

-

21

15

0

0

-

-

-

-

-

Gains on strategic investments, net

427

542

19

31

0

0

-

-

-

-

-

-

-

Excess tax benefits from employee stock plans

-

-

-

-

-

-

-

14

6

35

51

54

31

Loss on securities

-

-

-

-

-

-

-

-

-

-

-

-1

0

Gain on sale of investment

-

-

-

-

-

-

-

-

-

-

-

-

1

Changes in assets and liabilities, net of business combinations:
Accounts receivable, net

1,000

923

719

633

582

544

424

183

244

102

54

44

91

Costs capitalized to obtain revenue contracts, net

1,100

1,000

1,156

693

380

320

265

232

167

121

82

63

62

Prepaid expenses and other current assets and other assets

119

58

-18

47

-50

-45

-105

9

7

-2

3

4

11

Accounts payable

15

74

-39

35

-

-

-

-

-

-

-1

8

-1

Accrued expenses and other liabilities

967

213

392

69

-

-

-

-

-

-

64

55

71

Operating lease liabilities

728

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

-

9

1

1

7

Accounts payable, accrued expenses and other liabilities

-

-

-

-

253

159

-29

193

80

133

-

-

-

Unearned revenue

1,665

1,503

1,528

1,186

969

798

612

479

444

227

110

112

196

Income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-0

Net cash provided by operating activities

4,331

3,398

2,738

2,162

1,672

1,181

883

736

591

459

270

229

204

Investing activities:
Business combinations, net of cash acquired

369

5,115

25

3,193

58

-38

2,617

579

422

403

11

27

0

Proceeds from land and building improvements held for sale

-

-

-

-

127

223

0

-

-

-

-

-

-

Purchase of 50 Fremont land and building

-

-

-

-

425

0

0

-

-

-

-

-

-

Deposit for purchase of 50 Fremont land and building

-

-

-

-

115

-126

0

0

-

-

-

-

-

Non-refundable amounts received for sale of land available for sale

-

-

-

-

-6

0

0

-4

-

-

-

-

-

Land activity and building improvements

-

-

-

-

-

-

-

-

19

277

0

0

-

Purchases of strategic investments

768

362

216

110

386

93

31

9

37

20

4

0

-

Sales of strategic investments

434

260

131

80

19

-

-

-

-

-

-

-

-

Purchases of marketable securities

3,857

1,068

2,003

1,070

1,139

780

558

1,021

623

1,682

1,317

449

447

Sales of marketable securities

1,444

1,426

558

2,005

500

243

1,038

706

724

1,197

874

154

19

Maturities of marketable securities

779

146

78

68

37

87

36

144

40

214

130

284

366

Capital expenditures

643

595

534

464

284

290

299

175

151

90

49

61

43

Proceeds from sale of investment

-

-

-

-

-

-

-

-

-

-

-

-

1

Net cash used in investing activities

-2,980

-5,308

-2,011

-2,684

-1,487

-698

-2,431

-938

-489

-1,062

-378

-99

-102

Financing activities:
Proceeds from issuance of debt, net

0

2,966

0

1,245

0

-

-

-

-

-

-

-

-

Proceeds from (payments on) term loan, net

-

-

-

-

-

-285

283

0

0

-

-

-

-

Purchase of subsidiary stock

-

-

-

-

-

-

-

-

-

171

0

21

0

Proceeds from employee stock plans

840

704

650

401

455

308

289

351

116

160

93

43

60

Excess tax benefits from employee stock plans

-

-

-

-

-

-

-

14

6

35

51

54

31

Contingent consideration payment related to prior business combinations

-

-

-

-

-

-

-

-

16

0

0

-

-

Principal payments on financing obligations

173

131

106

98

82

70

41

31

30

10

8

0

0

Proceeds from borrowings on convertible senior notes, net

-

-

-

-

-

-

1,132

0

0

-

567

0

0

Proceeds from issuance of warrants

-

-

-

-

-

-

84

0

0

-

59

0

0

Purchase of convertible note hedge

-

-

-

-

-

-

153

0

0

-

-

-

-

Repayments of debt

503

1,529

323

550

300

0

-

0

0

-

-

-

-

Proceeds from revolving credit facility

-

-

-

-

0

297

0

0

-

-

-

-

-

Payments on convertible 0.25% senior notes

-

-

-

-

0

568

5

0

0

-

126

0

0

Net cash provided by financing activities

164

2,010

221

998

73

-318

1,590

334

75

14

637

75

92

Effect of exchange rate changes

-39

26

-12

-27

-7

-38

-7

7

5

2

-1

-0

-1

Net increase in cash and cash equivalents

1,476

126

936

449

250

126

34

139

182

-587

527

204

192

Supplemental cash flow disclosure:
Cash paid during the period for:
Interest

106

94

40

55

37

24

21

6

6

5

1

0

0

Income taxes, net of tax refunds

129

83

53

36

31

36

28

53

20

0

28

9

1

Non-cash investing and financing activities:
Fixed assets acquired under capital leases

-

-

-

-

12

124

492

33

57

13

17

6

0

Building - leased facility acquired under financing obligation

-

-

-

-

77

85

40

0

0

-

-

-

-

Fair value of loan assumed on 50 Fremont

-

-

-

-

198

0

0

-

-

-

-

-

-

Fair value of equity awards assumed

373

480

0

103

0

1

19

37

7

0

0

-

-

Fair value of common stock issued as consideration for business combinations

15,215

1,715

12

1,089

0

338

69

202

-

-

-

-

-

Increase (decrease) to non-cash equity liability

-

-

-

-

0

0

-

-

-

-

-

-

-