salesforce.com, inc. CRM Cash Flow

Salesforce.com, inc. (CRM)

CashFlow / TTM

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)
126	736	950	1,158	1,110	954	956	703	360	245	101	285	323	205	217	-12	-47	-87	-101	-161	-262	-313	-399	-261	-232	-136	-232	-318	-270	-253	-37	-31	-11	3	29	50	69	81	80	85	84	73	63	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
2,135	1,777	1,426	1,222	982	926	857	796	784	745	726	684	632	583	548	530	525	511	489	465	448	445	447	417	369	312	257	229	216	205	186	177	157	135	113	90	75	67	61	55	53	45	41	0	0	0
Amortization of debt discount and issuance costs
-	-	-	-	-	-	-	-	-	32	31	31	31	28	28	28	27	28	31	33	39	44	48	51	49	42	35	29	24	21	17	12	10	8	12	16	19	0	0	0	-	-	-	-	-	-
Amortization of costs capitalized to obtain revenue contracts, net
900	786	755	721	700	702	674	639	592	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
50 Fremont lease termination
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36	36	36	36	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on conversions of convertible senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10	-10	-9	-8	-0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Abandonment of leasehold improvement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Amortization of deferred commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	356	342	330	319	303	290	274	257	241	223	208	194	183	174	164	154	141	129	118	107	99	92	85	80	75	71	68	63	60	58	0	0	0
Expenses related to employee stock plans
1,785	1,603	1,411	1,374	1,283	1,192	1,092	997	997	1,003	956	883	820	734	674	639	593	586	581	576	564	549	551	519	503	474	437	412	379	341	293	262	229	200	169	141	120	104	99	93	88	82	80	0	0	0
Loss on settlement of Salesforce.org reseller agreement (Note 7)
-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of land and building improvements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on strategic investments, net
427	521	578	612	542	440	378	227	19	13	13	21	31	13	12	12	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from employee stock plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-11	-10	5	14	23	27	15	6	0	7	28	35	65	58	51	51	50	54	0	0	0
Loss on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Tax valuation allowance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities, net of business combinations:
Accounts receivable, net
1,000	289	308	311	923	434	335	316	719	229	238	181	633	158	186	254	582	257	233	242	544	190	234	117	424	121	83	126	183	94	97	88	244	49	109	85	102	62	54	36	54	-66	-85	0	0	0
Costs capitalized to obtain revenue contracts, net
1,100	1,093	1,033	1,006	1,000	1,050	1,102	1,141	1,156	1,022	876	762	693	406	393	393	380	350	334	330	320	315	308	288	265	237	228	217	232	202	187	178	167	136	128	122	121	104	96	90	82	56	52	0	0	0
Prepaid expenses and other current assets and other assets
119	306	41	65	58	-226	-111	-113	-18	233	159	175	47	-20	-13	-5	-50	-15	11	-30	-45	-125	-142	-115	-105	134	-37	-4	9	-141	44	18	7	1	27	17	-2	-4	-8	-9	3	21	9	0	0	0
Accounts payable
15	58	-6	39	74	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	5	5	-2	-1	5	-1	0	0	0
Accrued expenses and other liabilities
967	553	318	159	213	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	137	106	75	64	37	34	0	0	0
Operating lease liabilities
728	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	10	11	9	10	5	0	1	3	1	0	0	0
Accounts payable, accrued expenses and other liabilities
-	-	-	-	-	-	-	-	-	298	288	39	-	-33	-33	206	253	217	157	106	159	52	94	-118	-29	96	42	241	193	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unearned revenue
1,665	1,050	1,105	1,326	1,503	997	1,071	1,224	1,528	860	967	981	1,186	615	756	941	969	622	681	731	798	488	563	544	612	396	402	395	479	370	401	418	444	222	251	247	227	146	131	115	110	-58	-46	0	0	0
Income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Net cash provided by operating activities
4,331	4,030	3,875	3,897	3,398	3,119	3,101	2,974	2,738	2,391	2,421	2,340	2,162	1,926	1,934	1,988	1,672	1,541	1,501	1,443	1,181	1,120	1,136	1,073	883	885	853	806	736	695	718	665	591	516	462	455	459	384	346	316	270	196	214	0	0	0
Investing activities:
Business combinations, net of cash acquired
369	339	563	4,943	5,115	5,120	4,990	187	25	380	413	3,211	3,193	2,832	2,827	48	58	58	-7	-25	-38	-35	2	2,595	2,617	2,619	3,135	552	579	632	183	458	422	612	550	416	403	159	156	0	-	0	0	-	0	-
Proceeds from land and building improvements held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of 50 Fremont land and building
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	425	425	425	425	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposit for purchase of 50 Fremont land and building
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	115	103	-11	-11	-126	-114	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-refundable amounts received for sale of land available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6	-35	-35	-32	0	29	29	30	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Land activity and building improvements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	17	22	19	283	284	278	277	0	0	0	-	-	-	-	-	-
Purchases of strategic investments
768	637	399	374	362	395	342	351	216	171	145	99	110	112	113	263	386	371	353	221	93	61	57	42	31	22	14	12	9	8	27	34	37	48	30	25	20	10	6	0	-	0	0	-	-	-
Sales of strategic investments
434	574	519	450	260	164	122	123	131	67	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of marketable securities
3,857	2,378	2,283	1,539	1,068	1,203	1,094	1,567	2,003	1,517	1,394	1,179	1,070	1,582	1,670	1,521	1,139	633	588	737	780	828	773	544	558	632	747	797	1,021	1,023	910	878	623	571	767	1,098	1,682	1,852	1,773	1,675	1,317	1,108	984	0	0	0
Sales of marketable securities
1,444	962	614	574	1,426	1,473	1,588	1,392	558	514	414	1,886	2,005	2,013	2,010	531	500	460	416	356	243	213	183	1,005	1,038	1,099	1,164	743	706	791	835	448	724	892	1,284	1,345	1,197	1,304	907	890	874	465	369	0	0	0
Maturities of marketable securities
779	599	251	154	146	133	153	122	78	46	30	48	68	79	72	46	37	64	79	94	87	61	39	29	36	38	80	121	144	135	106	71	40	45	90	105	214	207	204	218	130	190	178	0	0	0
Capital expenditures
643	674	640	632	595	566	541	499	534	540	569	537	464	388	327	296	284	301	294	301	290	274	274	305	299	279	258	184	175	169	153	169	151	137	123	106	90	67	56	47	49	54	56	0	0	0
Net cash used in investing activities
-2,980	-1,893	-2,501	-6,310	-5,308	-5,514	-5,104	-967	-2,011	-1,924	-1,983	-3,001	-2,684	-2,791	-2,710	-1,402	-1,487	-1,027	-971	-1,024	-698	-746	-853	-2,422	-2,431	-2,416	-2,910	-683	-938	-917	-349	-1,044	-489	-715	-381	-475	-1,062	-584	-888	-630	-378	-559	-537	0	0	0
Financing activities:
Proceeds from issuance of debt, net
0	0	0	496	2,966	2,966	2,966	2,470	0	0	495	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from (payments on) term loan, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of subsidiary stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	171	152	1	0	-	0	0	-	0	-
Proceeds from employee stock plans
840	686	692	722	704	733	690	691	650	570	520	471	401	403	408	389	455	450	443	390	308	299	318	297	289	364	330	324	351	230	169	177	116	134	163	155	160	176	151	122	93	39	43	0	0	0
Excess tax benefits from employee stock plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-11	-10	5	14	23	27	15	6	0	7	28	35	65	58	51	51	50	54	0	0	0
Contingent consideration payment related to prior business combinations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	16	16	2	0	0	0	0	-	-	-	-	-	-
Principal payments on financing obligations
173	180	168	123	131	133	139	116	106	107	110	57	98	87	87	115	82	78	77	76	70	69	71	43	41	42	37	32	31	31	31	34	30	24	20	11	10	9	8	8	8	6	3	0	0	0
Proceeds from borrowings on convertible senior notes, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,132	1,132	1,132	1,132	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	84	84	84	84	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of convertible note hedge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	153	153	153	153	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of debt
503	853	704	503	1,529	1,151	1,150	1,150	323	750	750	750	550	0	0	0	300	15	285	292	0	0	0	0	-	7	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on convertible 0.25% senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	568	393	303	289	5	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
164	-347	-180	592	2,010	2,415	2,367	1,895	221	462	410	909	998	811	817	274	73	-113	-180	-260	-318	-157	-84	247	1,590	1,665	1,645	1,361	334	222	165	144	75	74	-36	-1	14	581	699	663	637	83	94	0	0	0
Effect of exchange rate changes
-39	-27	-3	9	26	13	6	-5	-12	-3	-14	-22	-27	-23	-14	-3	-7	-23	-35	-44	-38	-22	-2	1	-7	-5	-9	2	7	18	16	10	5	-3	-4	-4	2	6	5	0	-1	-6	-4	0	0	0
Net increase in cash and cash equivalents
1,476	1,763	1,191	-1,812	126	33	370	3,897	936	926	834	226	449	-77	25	857	250	376	314	114	126	194	194	-1,100	34	130	-420	1,487	139	18	550	-223	182	-127	39	-26	-587	387	163	349	527	-285	-233	0	0	0
Supplemental cash flow disclosure:
Cash paid during the period for:
Interest
106	115	121	137	94	88	41	40	40	48	52	38	55	50	43	57	37	32	32	20	24	30	33	29	21	15	8	6	6	6	6	6	6	5	5	5	5	4	3	1	1	0	0	0	0	0
Income taxes, net of tax refunds
129	114	101	82	83	74	64	55	53	51	47	45	36	32	29	28	31	29	27	36	36	34	34	21	28	26	27	28	53	53	54	51	20	20	16	16	0	0	2	18	28	29	24	0	0	0
Non-cash investing and financing activities:
Fixed assets acquired under capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	6	8	10	12	11	47	121	124	125	100	492	492	495	491	33	33	17	26	17	57	66	54	59	13	18	14	11	17	18	0	0	0	-
Building - leased facility acquired under financing obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	58	77	102	0	0	-	0	-	52	40	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of loan assumed on 50 Fremont
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	198	198	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of equity awards assumed
-	0	0	-	-	0	0	-	-	0	0	-	103	47	20	11	0	0	0	0	-	-	41	0	-	0	0	-	37	41	4	9	7	5	4	0	-	0	0	-	-	-	-	-	-	-
Fair value of common stock issued as consideration for business combinations
-	0	0	-	-	0	0	-	-	0	0	-	1,089	771	278	278	0	338	0	0	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) to non-cash equity liability
-	-	-	-	-	-	-	-	-	-	-	-	-	74	76	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-