Salesforce, Inc.
For the period ended Jan 31, 2026. Filed Mar 2, 2026.
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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.
FY2026 · Filed Mar 2, 2026
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, | ||
|---|---|---|---|
| 2026 | 2025 | 2024 | |
| Operating activities: | |||
| Net income | $7,457 | $6,197 | $4,136 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization (1) | 3,631 | 3,477 | 3,959 |
| Amortization of costs capitalized to obtain revenue contracts, net | 2,197 | 2,095 | 1,925 |
| Stock-based compensation expense | 3,509 | 3,183 | 2,787 |
| (Gains) losses on strategic investments, net | (1,017) | 121 | 277 |
| Changes in assets and liabilities, net of business combinations: | |||
| Accounts receivable, net | (2,160) | (490) | (659) |
| Costs capitalized to obtain revenue contracts, net | (2,811) | (2,121) | (1,872) |
| Prepaid expenses and other current assets and other assets | 819 | (1,495) | (843) |
| Accounts payable and accrued expenses and other liabilities | 1,014 | 1,089 | (478) |
| Operating lease liabilities | (567) | (548) | (621) |
| Unearned revenue | 2,924 | 1,584 | 1,623 |
| Net cash provided by operating activities | 14,996 | 13,092 | 10,234 |
| Investing activities: | |||
| Business combinations, net of cash acquired | (9,268) | (2,734) | (82) |
| Purchases of strategic investments | (1,958) | (539) | (496) |
| Sales of strategic investments | 184 | 126 | 108 |
| Purchases of marketable securities | (3,763) | (6,879) | (3,761) |
| Sales of marketable securities | 4,414 | 4,143 | 1,511 |
| Maturities of marketable securities | 2,395 | 3,378 | 2,129 |
| Capital expenditures | (594) | (658) | (736) |
| Net cash used in investing activities | (8,590) | (3,163) | (1,327) |
| Financing activities: | |||
| Proceeds from issuance of debt, net of issuance costs | 6,000 | 0 | 0 |
| Repurchases of common stock | (12,596) | (7,829) | (7,620) |
| Payments for taxes related to net share settlement of equity awards | (351) | 0 | 0 |
| Proceeds from employee stock plans | 1,039 | 1,540 | 1,954 |
| Principal payments on financing obligations | (584) | (603) | (629) |
| Repayments of debt | 0 | (1,000) | (1,182) |
| Payments of dividends and dividend equivalents | (1,587) | (1,537) | 0 |
| Net cash used in financing activities | (8,079) | (9,429) | (7,477) |
| Effect of exchange rate changes | 152 | (124) | 26 |
| Net increase (decrease) in cash and cash equivalents | (1,521) | 376 | 1,456 |
| Cash and cash equivalents, beginning of period | 8,848 | 8,472 | 7,016 |
| Cash and cash equivalents, end of period | $7,327 | $8,848 | $8,472 |
(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, | |||
|---|---|---|---|
| 2026 | 2025 | 2024 | |
| Supplemental cash flow disclosure: | |||
| Cash paid during the period for: | |||
| Interest | $276 | $233 | $254 |
| Income taxes, net of tax refunds | $1,282 | $2,061 | $1,027 |
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