CRM FY 2009 Earnings Report — Salesforce, Inc. Revenue & Financial Results | Market Cap Arena

Salesforce, Inc.CRM

FY 2009 Earnings

Reported March 9, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$1.1B	—	$749M	—	43.8%
Op. Income	$64M	—	$20M	—	213.9%
Gross Margin	79.5%	—	77.1%	—	2.4pp
Net Margin	4.0%	—	2.5%	—	1.6pp
EPS (Diluted)	$0.09	—	$0.04	—	133.3%
Free Cash Flow	$168M	—	$161M	—	4.8%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$220M
GROSS PROFIT	$856M
R&D Expenses	$100M
Selling & Marketing	$534M
General & Administrative	$159M
SG&A Expenses	$693M
Other Expenses	$0
Operating Expenses	$793M
Cost & Expenses	$1.0B
OPERATING INCOME	$64M
Interest Income	$24M
Interest Expense	$0
Other Income/Expenses	$22M
INCOME BEFORE TAX	$86M
Income Tax Expense	$38M
Net Income from Continuing Ops	$48M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$43M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$43M
D&A	$36M
EBIT	$86M
EBITDA	$122M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$220M
GROSS PROFIT	$856M
R&D Expenses	$100M
Selling & Marketing	$534M
General & Administrative	$159M
SG&A Expenses	$693M
Other Expenses	$0
Operating Expenses	$793M
Cost & Expenses	$1.0B
OPERATING INCOME	$64M
Interest Income	$24M
Interest Expense	$0
Other Income/Expenses	$22M
INCOME BEFORE TAX	$86M
Income Tax Expense	$38M
Net Income from Continuing Ops	$48M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$43M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$43M
D&A	$36M
EBIT	$86M
EBITDA	$122M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$43M
Depreciation & Amortization	$95M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$29M
Change in Working Capital	$62M
OPERATING CASH FLOW	$230M
Capital Expenditure	-$61M
Acquisitions (Net)	-$50M
Purchases of Investments	-$10M
Sales/Maturities of Investments	$439M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$121M
Net Debt Issuance	-$997.0K
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$98M
NET CASH FROM FINANCING	$97M
FREE CASH FLOW	$168M
Net Change in Cash	$205M

Balance Sheet

Item	Amount
Cash & Equivalents	$484M
Short-Term Investments	$214M
Net Receivables	$267M
Inventory	$0
Other Current Assets	$71M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$77M
Goodwill	$45M
Intangible Assets	$30M
Long-Term Investments	$185M
Tax Assets	$27M
Other Non-Current Assets	$48M
TOTAL NON-CURRENT ASSETS	$411M
TOTAL ASSETS	$1.5B
Account Payables	$16M
Short-Term Debt	$0
Deferred Revenue	$584M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$767M
Long-Term Debt	$12M
Deferred Revenue NC	$10M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$30M
TOTAL LIABILITIES	$797M
Common Stock	$123.0K
Additional Paid-In Capital	$649M
Retained Earnings	$26M
Treasury Stock	$0
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$672M
Minority Interest	$11M
TOTAL EQUITY	$682M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$20M
Net Debt	-$464M