Stock Analysis on Net

Salesforce Inc. (NYSE:CRM)

Income Statement 

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Salesforce Inc., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017
Subscription and support 24,657  19,976  16,043  12,413  9,711  7,756 
Professional services and other 1,835  1,276  1,055  869  769  636 
Revenues 26,492  21,252  17,098  13,282  10,480  8,392 
Subscription and support (5,059) (4,154) (3,198) (2,604) (2,033) (1,556)
Professional services and other (1,967) (1,284) (1,037) (847) (740) (678)
Cost of revenues (7,026) (5,438) (4,235) (3,451) (2,774) (2,234)
Gross profit 19,466  15,814  12,863  9,831  7,706  6,158 
Research and development (4,465) (3,598) (2,766) (1,886) (1,553) (1,208)
Marketing and sales (11,855) (9,674) (7,930) (6,064) (4,829) (3,918)
General and administrative (2,598) (2,087) (1,704) (1,346) (1,088) (968)
Loss on settlement of Salesforce.org reseller agreement —  —  (166) —  —  — 
Operating expenses (18,918) (15,359) (12,566) (9,296) (7,471) (6,094)
Income from operations 548  455  297  535  236  64 
Interest expense (220) (126) (131) (154) (87) (89)
Gains on strategic investments, net 1,211  2,170  427  542  —  14 
Other income (expense) (7) 62  113  60  53  36 
Income before (provision for) benefit from income taxes 1,532  2,561  706  983  202  25 
(Provision for) benefit from income taxes (88) 1,511  (580) 127  (75) 154 
Net income 1,444  4,072  126  1,110  127  180 

Based on: 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31).

Income statement item Description The company
Revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Salesforce Inc. revenues increased from 2020 to 2021 and from 2021 to 2022.
Income from operations The net result for the period of deducting operating expenses from operating revenues. Salesforce Inc. income from operations increased from 2020 to 2021 and from 2021 to 2022.
Income before (provision for) benefit from income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Salesforce Inc. income before (provision for) benefit from income taxes increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Salesforce Inc. net income increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.