salesforce.com inc. (CRM)
Adjustments to Financial Statements
High level of difficulty
Adjustments to Current Assets
salesforce.com inc., adjusted current assets
US$ in millions
|
|
Jan 31, 2019 |
Jan 31, 2018 |
Jan 31, 2017 |
Jan 31, 2016 |
Jan 31, 2015 |
Jan 31, 2014 |
|
As Reported |
|
|
Current assets |
10,683 |
9,290 |
5,997 |
4,347 |
3,550 |
2,680 |
|
Adjustments |
|
|
Add: Allowance for doubtful accounts |
22 |
21 |
12 |
10 |
8 |
5 |
|
|
Less: Current deferred tax assets1 |
— |
— |
— |
— |
36 |
49 |
|
After Adjustment |
|
|
Adjusted current assets |
10,705 |
9,311 |
6,009 |
4,358 |
3,523 |
2,636 |
Based on:
10-K (filing date: 2019-03-08),
10-K (filing date: 2018-03-09),
10-K (filing date: 2017-03-06),
10-K (filing date: 2016-03-07),
10-K (filing date: 2015-03-06),
10-K (filing date: 2014-03-05).
Adjustments to Total Assets
salesforce.com inc., adjusted total assets
US$ in millions
|
|
Jan 31, 2019 |
Jan 31, 2018 |
Jan 31, 2017 |
Jan 31, 2016 |
Jan 31, 2015 |
Jan 31, 2014 |
|
As Reported |
|
|
Total assets |
30,737 |
21,010 |
17,585 |
12,771 |
10,693 |
9,153 |
|
Adjustments |
|
|
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1 |
3,418 |
2,724 |
2,382 |
1,889 |
1,811 |
1,154 |
|
|
Add: Allowance for doubtful accounts |
22 |
21 |
12 |
10 |
8 |
5 |
|
|
Less: Current deferred tax assets2 |
— |
— |
— |
— |
36 |
49 |
|
|
Less: Noncurrent deferred tax assets3 |
104 |
37 |
29 |
16 |
9 |
10 |
|
After Adjustment |
|
|
Adjusted total assets |
34,073 |
23,718 |
19,950 |
14,654 |
12,468 |
10,253 |
Based on:
10-K (filing date: 2019-03-08),
10-K (filing date: 2018-03-09),
10-K (filing date: 2017-03-06),
10-K (filing date: 2016-03-07),
10-K (filing date: 2015-03-06),
10-K (filing date: 2014-03-05).
Adjustments to Current Liabilities
salesforce.com inc., adjusted current liabilities
US$ in millions
|
|
Jan 31, 2019 |
Jan 31, 2018 |
Jan 31, 2017 |
Jan 31, 2016 |
Jan 31, 2015 |
Jan 31, 2014 |
|
As Reported |
|
|
Current liabilities |
11,255 |
10,130 |
7,258 |
5,617 |
4,390 |
3,980 |
|
Adjustments |
|
|
Less: Current unearned revenue |
8,564 |
7,095 |
5,506 |
4,268 |
3,287 |
2,474 |
|
After Adjustment |
|
|
Adjusted current liabilities |
2,691 |
3,035 |
1,753 |
1,349 |
1,103 |
1,506 |
Based on:
10-K (filing date: 2019-03-08),
10-K (filing date: 2018-03-09),
10-K (filing date: 2017-03-06),
10-K (filing date: 2016-03-07),
10-K (filing date: 2015-03-06),
10-K (filing date: 2014-03-05).
Adjustments to Total Liabilities
salesforce.com inc., adjusted total liabilities
US$ in millions
|
|
Jan 31, 2019 |
Jan 31, 2018 |
Jan 31, 2017 |
Jan 31, 2016 |
Jan 31, 2015 |
Jan 31, 2014 |
|
As Reported |
|
|
Total liabilities |
15,132 |
11,617 |
10,085 |
7,768 |
6,718 |
6,088 |
|
Adjustments |
|
|
Add: Operating lease liability (before adoption of FASB Topic 842)1 |
3,418 |
2,724 |
2,382 |
1,889 |
1,811 |
1,154 |
|
|
Less: Noncurrent deferred tax liabilities2 |
— |
25 |
24 |
12 |
38 |
62 |
|
|
Less: Unearned revenue |
8,564 |
7,095 |
5,543 |
4,292 |
3,321 |
2,522 |
|
After Adjustment |
|
|
Adjusted total liabilities |
9,986 |
7,222 |
6,899 |
5,354 |
5,170 |
4,658 |
Based on:
10-K (filing date: 2019-03-08),
10-K (filing date: 2018-03-09),
10-K (filing date: 2017-03-06),
10-K (filing date: 2016-03-07),
10-K (filing date: 2015-03-06),
10-K (filing date: 2014-03-05).
1 Operating lease liability (before adoption of FASB Topic 842). See Details »
2 Noncurrent deferred tax liabilities. See Details »
Adjustments to Stockholders’ Equity
salesforce.com inc., adjusted stockholders’ equity
US$ in millions
|
|
Jan 31, 2019 |
Jan 31, 2018 |
Jan 31, 2017 |
Jan 31, 2016 |
Jan 31, 2015 |
Jan 31, 2014 |
|
As Reported |
|
|
Stockholders’ equity |
15,605 |
9,388 |
7,500 |
5,003 |
3,975 |
3,039 |
|
Adjustments |
|
|
Less: Net deferred tax assets (liabilities)1 |
104 |
12 |
5 |
4 |
7 |
(3) |
|
|
Add: Allowance for doubtful accounts |
22 |
21 |
12 |
10 |
8 |
5 |
|
|
Add: Unearned revenue |
8,564 |
7,095 |
5,543 |
4,292 |
3,321 |
2,522 |
|
After Adjustment |
|
|
Adjusted stockholders’ equity |
24,087 |
16,493 |
13,050 |
9,301 |
7,298 |
5,568 |
Based on:
10-K (filing date: 2019-03-08),
10-K (filing date: 2018-03-09),
10-K (filing date: 2017-03-06),
10-K (filing date: 2016-03-07),
10-K (filing date: 2015-03-06),
10-K (filing date: 2014-03-05).
Adjustments to Capitalization Table
salesforce.com inc., adjusted capitalization table
US$ in millions
|
|
Jan 31, 2019 |
Jan 31, 2018 |
Jan 31, 2017 |
Jan 31, 2016 |
Jan 31, 2015 |
Jan 31, 2014 |
|
As Reported |
|
|
Current portion of debt |
3 |
1,025 |
— |
— |
— |
572 |
|
|
Noncurrent debt, excluding current portion |
3,173 |
695 |
2,008 |
1,294 |
1,371 |
1,302 |
|
|
Total reported debt |
3,176 |
1,719 |
2,008 |
1,294 |
1,371 |
1,874 |
|
|
Stockholders’ equity |
15,605 |
9,388 |
7,500 |
5,003 |
3,975 |
3,039 |
|
|
Total reported capital |
18,781 |
11,108 |
9,509 |
6,297 |
5,346 |
4,913 |
|
Adjustments to Debt |
|
|
Add: Operating lease liability (before adoption of FASB Topic 842)1 |
3,418 |
2,724 |
2,382 |
1,889 |
1,811 |
1,154 |
|
|
Adjusted total debt |
6,594 |
4,444 |
4,390 |
3,183 |
3,182 |
3,029 |
|
Adjustments to Equity |
|
|
Less: Net deferred tax assets (liabilities)2 |
104 |
12 |
5 |
4 |
7 |
(3) |
|
|
Add: Allowance for doubtful accounts |
22 |
21 |
12 |
10 |
8 |
5 |
|
|
Add: Unearned revenue |
8,564 |
7,095 |
5,543 |
4,292 |
3,321 |
2,522 |
|
|
Adjusted stockholders’ equity |
24,087 |
16,493 |
13,050 |
9,301 |
7,298 |
5,568 |
|
After Adjustment |
|
|
Adjusted total capital |
30,681 |
20,936 |
17,440 |
12,483 |
10,480 |
8,597 |
Based on:
10-K (filing date: 2019-03-08),
10-K (filing date: 2018-03-09),
10-K (filing date: 2017-03-06),
10-K (filing date: 2016-03-07),
10-K (filing date: 2015-03-06),
10-K (filing date: 2014-03-05).
1 Operating lease liability (before adoption of FASB Topic 842). See Details »
2 Net deferred tax assets (liabilities). See Details »
Adjustments to Revenues
salesforce.com inc., adjusted revenues
US$ in millions
|
12 months ended |
Jan 31, 2019 |
Jan 31, 2018 |
Jan 31, 2017 |
Jan 31, 2016 |
Jan 31, 2015 |
Jan 31, 2014 |
|
As Reported |
|
|
Revenues |
13,282 |
10,480 |
8,392 |
6,667 |
5,374 |
4,071 |
|
Adjustments |
|
|
Add: Increase (decrease) in unearned revenue |
1,569 |
1,552 |
1,251 |
970 |
799 |
659 |
|
After Adjustment |
|
|
Adjusted revenues |
14,851 |
12,032 |
9,643 |
7,637 |
6,173 |
4,730 |
Based on:
10-K (filing date: 2019-03-08),
10-K (filing date: 2018-03-09),
10-K (filing date: 2017-03-06),
10-K (filing date: 2016-03-07),
10-K (filing date: 2015-03-06),
10-K (filing date: 2014-03-05).
Adjustments to Reported Income
salesforce.com inc., adjusted net income (loss)
US$ in millions
|
12 months ended |
Jan 31, 2019 |
Jan 31, 2018 |
Jan 31, 2017 |
Jan 31, 2016 |
Jan 31, 2015 |
Jan 31, 2014 |
|
As Reported |
|
|
Net income (loss) |
1,110 |
127 |
180 |
(47) |
(263) |
(232) |
|
Adjustments |
|
|
Add: Deferred income tax expense (benefit)1 |
(283) |
(6) |
(231) |
1 |
(3) |
(155) |
|
|
Add: Increase (decrease) in allowance for doubtful accounts |
1 |
9 |
2 |
2 |
3 |
3 |
|
|
Add: Increase (decrease) in unearned revenue |
1,569 |
1,552 |
1,251 |
970 |
799 |
659 |
|
|
Add: Other comprehensive income (loss), net |
(39) |
49 |
(26) |
(26) |
(42) |
1 |
|
After Adjustment |
|
|
Adjusted net income (loss) |
2,358 |
1,731 |
1,176 |
900 |
495 |
276 |
Based on:
10-K (filing date: 2019-03-08),
10-K (filing date: 2018-03-09),
10-K (filing date: 2017-03-06),
10-K (filing date: 2016-03-07),
10-K (filing date: 2015-03-06),
10-K (filing date: 2014-03-05).
