Salesforce Inc
For the period ended Jan 31, 2024. Filed Mar 6, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 6, 2024
CRM$213.48-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| 4 | Fiscal Year Ended January 31, | ||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating activities: | |||
| Net income | $4,136 | $208 | $1,444 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization (1) | 3,959 | 3,786 | 3,298 |
| Amortization of costs capitalized to obtain revenue contracts, net | 1,925 | 1,668 | 1,348 |
| Stock-based compensation expense | 2,787 | 3,279 | 2,779 |
| (Gains) losses on strategic investments, net | 277 | 239 | (1,211) |
| Changes in assets and liabilities, net of business combinations: | |||
| Accounts receivable, net | (659) | (995) | (1,824) |
| Costs capitalized to obtain revenue contracts, net | (1,872) | (2,345) | (2,283) |
| Prepaid expenses and other current assets and other assets | (843) | (302) | 114 |
| Accounts payable and accrued expenses and other liabilities | (478) | 528 | 507 |
| Operating lease liabilities | (621) | (699) | (801) |
| Unearned revenue | 1,623 | 1,744 | 2,629 |
| Net cash provided by operating activities | 10,234 | 7,111 | 6,000 |
| Investing activities: | |||
| Business combinations, net of cash acquired | (82) | (439) | (14,876) |
| Purchases of strategic investments | (496) | (550) | (1,718) |
| Sales of strategic investments | 108 | 355 | 2,201 |
| Purchases of marketable securities | (3,761) | (4,777) | (5,674) |
| Sales of marketable securities | 1,511 | 1,771 | 4,179 |
| Maturities of marketable securities | 2,129 | 2,449 | 2,069 |
| Capital expenditures | (736) | (798) | (717) |
| Net cash used in investing activities | (1,327) | (1,989) | (14,536) |
| Financing activities: | |||
| Proceeds from issuance of debt, net of issuance costs | 0 | 0 | 7,906 |
| Repayments of Slack Convertible Notes, net of capped call proceeds | 0 | 0 | (1,197) |
| Repurchases of common stock | (7,620) | (4,000) | 0 |
| Proceeds from employee stock plans | 1,954 | 861 | 1,289 |
| Principal payments on financing obligations | (629) | (419) | (156) |
| Repayments of debt | (1,182) | (4) | (4) |
| Net cash provided by (used in) financing activities | (7,477) | (3,562) | 7,838 |
| Effect of exchange rate changes | 26 | (8) | (33) |
| Net increase (decrease) in cash and cash equivalents | 1,456 | 1,552 | (731) |
| Cash and cash equivalents, beginning of period | 7,016 | 5,464 | 6,195 |
| Cash and cash equivalents, end of period | $8,472 | $7,016 | $5,464 |
(1) Includes amortization of intangible assets acquired through business combinations, depreciation of fixed assets and amortization and impairment of right-of-use assets.
Supplemental Cash Flow Disclosure
| Fiscal Year Ended January 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Supplemental cash flow disclosure: | |||
| Cash paid during the period for: | |||
| Interest | $254 | $275 | $187 |
| Income taxes, net of tax refunds | $1,027 | $510 | $196 |
| Non-cash investing and financing activities: | |||
| Fair value of equity awards assumed | $0 | $7 | $205 |
| Fair value of common stock issued as consideration for business combinations | $0 | $0 | $11,064 |
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