salesforce.com, inc. CRM Cash Flow

Salesforce.com, inc. (CRM)

CashFlow / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10	Apr'10	Jan'10	Oct'09	Jul'09	Apr'09	Oct'08	Jul'08
Operating activities:
Net income (loss)
-248,000	-109,000	91,000	392,000	362,000	105,000	299,000	344,000	206,000	107,000	46,000	1,000	91,928	-37,309	229,622	38,759	-25,509	-25,157	-852	4,092	-65,765	-38,924	-61,088	-96,911	-116,623	-124,434	76,603	-67,721	-20,844	-220,297	-9,829	-19,475	-4,078	-3,756	-4,268	530	10,870	22,368	16,583	19,876	22,415	21,443	21,841	18,993	11,683	11,408
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
633,000	608,000	457,000	437,000	275,000	257,000	253,000	197,000	219,000	188,000	192,000	185,000	180,521	169,346	149,361	132,772	131,912	134,236	131,675	127,927	117,938	111,954	107,596	110,808	114,813	114,347	77,966	62,297	57,395	59,960	49,999	49,441	45,901	41,553	40,239	29,593	23,738	19,710	17,793	14,505	15,287	13,601	12,144	12,145	7,910	8,870
Amortization of debt discount and issuance costs
-	-	-	-	-	-	-	-	-	8,000	7,000	8,000	9,666	7,281	6,868	7,185	7,177	7,138	7,291	5,861	8,460	9,420	9,949	11,791	13,375	13,343	13,194	9,670	6,575	6,471	6,371	4,669	3,877	2,138	2,077	2,255	1,982	6,655	5,533	5,451	-	-	-	-	-	-
Amortization of costs capitalized to obtain revenue contracts, net
253,000	221,000	217,000	209,000	139,000	190,000	183,000	188,000	141,000	162,000	148,000	141,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
50 Fremont lease termination
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	36,617	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on conversions of convertible senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-96	-1,340	-361	-8,529	-214	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Abandonment of leasehold improvement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,086	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Amortization of deferred commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	93,230	88,783	88,514	86,306	78,934	76,679	77,155	71,116	65,371	61,300	59,855	54,689	48,008	46,189	45,667	43,719	39,070	35,783	36,246	30,742	26,862	24,916	24,675	22,605	19,959	18,106	19,489	17,932	15,698	15,315	14,946	14,784	13,907
Expenses related to employee stock plans
511,000	543,000	388,000	343,000	329,000	351,000	351,000	252,000	238,000	251,000	256,000	252,000	244,020	204,751	182,310	188,919	158,972	144,317	147,779	142,560	151,802	139,460	142,411	131,092	136,539	141,536	110,476	114,729	107,555	105,112	85,417	81,266	70,100	57,006	54,594	47,558	41,714	25,632	26,615	26,468	25,945	20,407	20,877	21,663	19,276	18,884
Loss on settlement of Salesforce.org reseller agreement (Note 7)
-	0	166,000	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of land and building improvements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,792	-	-	-	15,625	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on strategic investments, net
31,000	6,000	109,000	281,000	125,000	63,000	143,000	211,000	23,000	1,000	-8,000	3,000	17,303	833	0	12,864	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from employee stock plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,221	-6,815	9,041	-	1,578	-1,278	1,866	-13,972	3,160	14,702	11,043	-4,994	6,892	2,086	2,034	-10,777	14,578	22,902	9,288	19,003	7,401	15,687	9,448	17,706	11,843
Loss on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,052	-
Tax valuation allowance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities, net of business combinations:
Accounts receivable, net
3,599,000	29,000	146,000	-2,774,000	2,888,000	48,000	149,000	-2,162,000	2,399,000	-51,000	130,000	-1,759,000	1,909,798	-42,653	73,167	-1,307,312	1,435,439	-15,262	141,418	-979,170	1,110,916	-39,792	150,168	-676,682	756,792	4,502	33,297	-369,889	454,044	-33,664	75,522	-312,660	365,099	-30,101	66,076	-156,127	169,833	30,212	41,413	-138,951	129,877	22,515	22,816	-120,686	9,002	3,073
Costs capitalized to obtain revenue contracts, net
557,000	246,000	173,000	124,000	550,000	186,000	146,000	118,000	600,000	238,000	185,000	133,000	466,035	92,803	70,643	63,519	179,155	80,030	70,745	50,092	149,882	64,280	65,846	40,896	144,282	57,968	45,347	17,483	117,000	48,251	35,222	32,118	86,947	33,611	26,137	20,504	56,004	25,687	20,248	19,308	39,318	18,013	14,136	10,869	13,682	14,232
Prepaid expenses and other current assets and other assets
-133,000	183,000	-28,000	97,000	54,000	-82,000	-4,000	90,000	-230,000	33,000	-6,000	185,000	21,277	-40,676	9,728	56,671	-46,277	-33,841	18,072	11,274	-11,318	-6,588	-23,636	-4,277	-90,676	-23,822	2,930	6,350	148,934	-195,312	35,747	20,349	-2,106	-9,035	9,611	9,383	-8,464	16,583	-181	-9,939	-10,812	12,892	-1,308	3,127	6,313	978
Accounts payable
-48,000	22,000	26,000	15,000	-5,000	-42,000	71,000	50,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,944	4,121	-1,137	-	2,575	5,583	-1,658	-826	2,228	-2,368	-622	6,621	-5,507
Accrued expenses and other liabilities
1,017,000	243,000	267,000	-560,000	603,000	8,000	108,000	-506,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,081	47,624	-65,641	-	57,926	57,378	-19,984	41,846	27,045	27,057	-31,450	14,733	24,652
Operating lease liabilities
182,000	200,000	182,000	164,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	891	-1,755	-	-4,693	1,913	2,713	365	5,263	2,703	1,439	781	506	-2,683	2,801	2,943	-1,738
Accounts payable, accrued expenses and other liabilities
-	-	-	-	-	-	-	-	-	67,000	203,000	-297,000	-	57,836	-46,666	-286,228	241,710	57,577	193,771	-239,072	204,867	-1,933	142,638	-185,599	97,111	40,404	-70,750	-95,808	222,751	-13,204	128,071	-144,260	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unearned revenue
3,804,000	-566,000	-594,000	-979,000	3,189,000	-511,000	-373,000	-802,000	2,683,000	-437,000	-220,000	-498,000	2,015,695	-330,516	-206,062	-293,117	1,445,043	-188,898	-21,830	-264,629	1,097,472	-129,431	28,289	-197,500	787,496	-55,119	9,801	-129,835	571,292	-48,762	2,469	-45,580	462,474	-17,445	19,453	-19,808	240,384	11,538	15,590	-39,819	158,913	-3,575	-363	-44,653	-10,292	9,249
Income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,513	-	-
Net cash provided by operating activities
1,632,000	298,000	436,000	1,965,000	1,331,000	143,000	458,000	1,466,000	1,052,000	125,000	331,000	1,230,000	705,948	154,312	250,678	1,051,062	470,208	162,514	304,278	735,081	339,953	122,511	245,893	473,087	279,382	137,859	183,183	283,189	281,573	105,915	136,197	213,212	240,347	128,709	82,933	139,518	165,762	74,040	76,096	143,183	91,560	35,520	45,855	97,976	17,121	53,075
Investing activities:
Business combinations, net of cash acquired
30,000	-94,000	423,000	10,000	0	130,000	4,803,000	182,000	5,000	0	0	20,000	360,890	32,117	2,798,194	1,799	0	27,759	18,451	12,470	0	-38,071	0	0	2,570	0	2,592,571	22,161	4,994	515,760	10,078	48,913	57,914	66,115	285,335	13,335	247,994	3,834	151,503	0	-	4,500	0	-	27,344	-
Proceeds from land and building improvements held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	127,066	-	-	-	192,240	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of 50 Fremont land and building
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	425,376	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposit for purchase of 50 Fremont land and building
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	115,015	-11,500	-114,935	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-refundable amounts received for sale of land available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-3,432	-2,852	-29,000	0	-1,000	30,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Land activity and building improvements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	4,106	6,565	6,654	5,422	1,014	269,944	8,000	0	0	-	-	-	-	-	-
Purchases of strategic investments
201,000	346,000	62,000	159,000	70,000	108,000	37,000	147,000	103,000	55,000	46,000	12,000	58,889	28,660	390	22,061	60,993	30,330	150,434	144,462	45,820	12,852	18,807	16,246	13,329	9,017	3,698	5,116	4,244	1,657	1,129	2,665	2,647	21,508	7,782	5,433	13,605	4,000	2,000	500	-	3,700	700	-	-	-
Sales of strategic investments
31,000	138,000	71,000	194,000	171,000	83,000	2,000	4,000	75,000	41,000	3,000	12,000	-	11,783	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of marketable securities
1,913,000	438,000	772,000	734,000	434,000	343,000	28,000	263,000	569,000	234,000	501,000	699,000	83,138	111,731	285,795	589,336	595,845	200,001	136,196	207,225	90,516	154,560	284,928	250,536	138,908	99,050	56,458	264,287	212,878	213,505	107,101	487,803	215,003	100,664	75,437	232,127	163,553	296,557	406,081	816,358	333,248	218,056	307,397	459,251	123,476	94,450
Sales of marketable securities
556,000	427,000	375,000	86,000	74,000	79,000	335,000	938,000	121,000	194,000	139,000	104,000	77,951	93,391	1,610,724	222,934	86,005	91,153	130,922	192,184	46,552	46,908	71,073	79,312	15,814	16,820	893,910	111,740	76,576	82,085	472,710	75,522	160,943	126,672	84,879	352,070	328,897	518,641	145,801	204,153	435,894	121,413	129,475	187,791	26,656	25,942
Maturities of marketable securities
228,000	358,000	137,000	56,000	48,000	10,000	40,000	48,000	35,000	30,000	9,000	4,000	3,259	14,203	27,253	23,285	14,366	7,166	1,833	14,446	41,390	22,288	16,762	7,198	15,405	427	6,046	14,558	17,744	41,992	47,188	37,699	8,452	13,159	12,220	6,515	14,002	58,256	26,250	116,262	6,912	55,400	39,529	28,822	66,557	43,390
Capital expenditures
136,000	170,000	178,000	159,000	167,000	136,000	170,000	122,000	138,000	111,000	128,000	157,000	144,016	140,653	96,030	83,301	68,465	80,041	64,883	71,087	85,354	73,426	71,576	60,098	69,849	72,702	102,549	54,010	50,522	51,054	29,304	44,721	44,602	34,678	45,051	27,314	30,576	20,790	27,831	11,690	7,056	10,389	18,628	13,428	11,614	13,036
Net cash used in investing activities
-1,465,000	63,000	-852,000	-726,000	-378,000	-545,000	-4,661,000	276,000	-584,000	-135,000	-524,000	-768,000	-497,506	-193,784	-1,542,432	-450,278	-605,232	-112,746	-233,777	-536,123	-145,248	-56,266	-286,476	-210,370	-193,437	-163,522	-1,855,320	-219,276	-178,318	-657,899	372,286	-474,987	-157,336	-89,788	-321,928	79,362	-382,773	243,716	-415,364	-508,133	95,003	-59,832	-157,721	-256,066	-85,914	-38,154
Financing activities:
Proceeds from issuance of debt, net
0	0	0	0	0	0	496,000	2,470,000	0	0	0	0	-	0	495,550	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from (payments on) term loan, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	0	298,500	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of subsidiary stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,721	150,970	0	1,273	-	0	0	-	16,693	-
Proceeds from employee stock plans
290,000	179,000	152,000	219,000	136,000	185,000	182,000	201,000	165,000	142,000	183,000	160,000	85,135	92,846	133,878	89,141	87,652	98,016	114,799	155,015	82,428	91,337	61,429	73,795	72,502	110,710	40,195	66,524	147,492	76,483	33,824	93,567	26,203	15,794	42,282	32,286	44,406	44,353	34,127	37,516	60,990	18,559	5,139	9,168	6,595	22,525
Excess tax benefits from employee stock plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,221	-6,815	9,041	-	1,578	-1,278	1,866	-13,972	3,160	14,702	11,043	-4,994	6,892	2,086	2,034	-10,777	14,578	22,902	9,288	19,003	7,401	15,687	9,448	17,706	11,843
Contingent consideration payment related to prior business combinations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	13,400	2,800	0	0	0	0	-	-	-	-	-	-
Principal payments on financing obligations
14,000	14,000	134,000	11,000	21,000	2,000	89,000	19,000	23,000	8,000	66,000	9,000	24,240	10,997	12,795	49,968	13,486	10,945	41,074	16,825	9,383	10,345	40,341	10,594	8,052	12,440	12,108	8,499	9,037	7,664	7,479	7,574	8,737	7,685	10,549	3,562	3,198	3,116	2,123	1,918	2,215	2,398	2,258	1,248	286	0
Proceeds from borrowings on convertible senior notes, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,132,750	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	84,800	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of convertible note hedge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	153,800	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of debt
151,000	150,000	201,000	1,000	501,000	1,000	0	1,027,000	123,000	0	0	200,000	550,000	0	0	0	0	0	0	300,000	-285,000	270,000	7,500	7,500	-	7,500	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	297,325	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on convertible 0.25% senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	181,633	89,645	13,692	283,892	5,992	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
125,000	15,000	-183,000	207,000	-386,000	182,000	589,000	1,625,000	19,000	134,000	117,000	-49,000	260,345	81,849	616,633	39,173	74,166	87,071	73,725	-161,810	-112,035	19,893	-6,919	-219,150	48,792	92,348	325,309	1,123,641	124,483	71,979	41,047	97,036	12,472	15,001	20,419	27,958	10,710	-95,155	54,906	43,613	577,655	23,562	18,568	17,368	24,015	34,368
Effect of exchange rate changes
-15,000	-18,000	-1,000	-5,000	-3,000	6,000	11,000	12,000	-16,000	-1,000	0	5,000	-7,160	-11,867	-8,736	763	-4,097	-2,872	3,169	-3,309	-20,878	-14,538	-5,664	2,689	-4,852	5,184	-1,281	-6,809	-2,213	995	10,415	-1,760	8,814	-729	3,758	-6,518	290	-2,223	3,493	825	4,200	-2,531	-2,238	-1,407	49	-794
Net increase in cash and cash equivalents
277,000	358,000	-600,000	1,441,000	564,000	-214,000	-3,603,000	3,379,000	471,000	123,000	-76,000	418,000	461,627	30,510	-683,857	640,720	-64,955	133,967	147,395	33,839	61,792	71,600	-53,166	46,256	129,885	71,869	-1,348,109	1,180,745	225,525	-479,010	559,945	-166,499	104,297	53,193	-214,818	240,320	-206,011	220,378	-280,869	-320,512	768,418	-3,281	-95,536	-142,129	-44,729	48,495
Supplemental cash flow disclosure:
Cash paid during the period for:
Interest
2,000	48,000	6,000	50,000	11,000	54,000	22,000	7,000	5,000	7,000	21,000	7,000	13,600	11,365	6,285	23,750	9,025	4,085	20,592	4,252	3,410	4,285	8,322	8,667	9,112	7,200	4,549	642	2,859	641	2,766	624	2,869	632	2,749	337	1,346	1,378	2,351	215	284	292	285	208	47	16
Income taxes, net of tax refunds
36,000	38,000	37,000	18,000	21,000	25,000	18,000	19,000	12,000	15,000	9,000	17,000	10,549	11,220	6,322	7,909	7,012	8,248	5,621	10,581	5,233	6,187	14,805	9,994	3,244	6,105	2,238	17,283	1,108	6,514	3,506	41,961	1,117	7,858	1,028	10,978	620	4,260	723	-5,513	959	6,446	16,791	4,283	1,894	1,178
Non-cash investing and financing activities:
Fixed assets acquired under capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	180	0	585	5,757	2,065	2,166	2,960	4,160	38,604	75,449	5,886	5,279	13,857	467,117	6,557	7,807	9,788	8,923	6,874	-7,964	18,600	0	47,203	295	6,765	5,733	431	5,089	3,105	2,610	6,196	6,406	-
Building - leased facility acquired under financing obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,676	3,978	38,477	14,636	19,966	-	29,756	-	12,760	40,171	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of loan assumed on 50 Fremont
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	198,751	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of equity awards assumed
-	373,000	0	-	-	93,000	387,000	-	-	0	0	-	55,801	26,406	9,344	11,449	0	0	0	0	-	-	0	0	-	0	41,676	-	-1,734	37,428	0	2,204	1,546	1,043	4,729	0	-	0	0	-	-	-	-	-	-	-
Fair value of common stock issued as consideration for business combinations
-	15,215,000	0	-	-	537,000	1,178,000	-	-	0	0	-	317,786	492,842	0	278,372	0	0	0	0	-	338,033	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) to non-cash equity liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-1,473	76,043	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-