Salesforce.com 2008 Annual Report Download - page 38

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Table of Contents
(1) Cost of revenues and operating expenses include stock-based expenses, consisting of:
Fiscal Year Ended January 31,
2009 2008 2007 2006 2005
Cost of revenues $ 11,051 $ 7,926 $ 5,522 $ 575 $ 634
Research and development 9,852 6,336 4,523 332 282
Marketing and sales 36,028 25,423 18,392 1,325 1,296
General and administrative 20,435 15,522 10,768 1,216 1,402
Total stock-based expenses $ 77,366 $ 55,207 $ 39,205 $ 3,448 $ 3,614
Effective February 1, 2006, the Company adopted the fair value recognition provisions of Statement of Financial Accounting Standards No. 123
(revised 2004), Share-Based Payment, or SFAS 123R, using the modified prospective transition method and therefore has not restated results for prior
periods.
(2) Net income during fiscal 2006 included a $6.8 million income tax benefit which was recorded during the third quarter.
As of January 31,
2009 2008 2007 2006 2005
Consolidated Balance Sheet Data:
Cash, cash equivalents and marketable securities $ 882,565 $ 669,800 $ 412,512 $ 296,792 $ 205,938
Working capital 301,591 134,894 45,905 68,592 47,044
Total assets 1,479,822 1,089,593 664,832 434,749 280,499
Long-term obligations excluding deferred revenue and minority interest 20,106 10,601 1,408 1,339 2,317
Retained earnings (deficit) 25,842 (17,586) (35,633) (36,114) (64,588)
Total stockholders' equity 671,784 452,059 281,791 196,371 145,131
35