Salesforce.com 2014 Annual Report Download - page 100
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Other Assets, net
Other assets consisted of the following (in thousands):
As of January 31,
2014 2013
Deferred income taxes, noncurrent, net .............. $ 9,691 $ 19,212
Long-term deposits .............................. 17,970 13,422
Purchased intangible assets, net of accumulated
amortization of $66,399 and $28,790, respectively . . . 416,119 49,354
Acquired intellectual property, net of accumulated
amortization of $11,304 and $7,074, respectively .... 11,957 13,872
Strategic investments ............................ 92,489 51,685
Customer contract asset ........................... 18,182 0
Other ......................................... 47,082 21,415
$613,490 $168,960
Customer contract asset reflects the noncurrent portion of future billings that are contractually committed by
ExactTarget’s existing customers as of the acquisition date.
Purchased intangible assets amortization expense for fiscal 2014, 2013 and 2012 was $37.6 million,
$10.9 million and $8.0 million, respectively. Acquired intellectual property amortization expense for fiscal 2014,
2013 and 2012 was $4.2 million, $3.9 million and $2.4 million, respectively.
Accounts Payable, Accrued Expenses and Other Liabilities
Accounts payable, accrued expenses and other liabilities consisted of the following (in thousands):
As of January 31,
2014 2013
Accounts payable ............................... $ 64,988 $ 14,535
Accrued compensation ........................... 397,002 311,595
Accrued other liabilities .......................... 235,543 138,165
Accrued income and other taxes payable ............. 153,026 120,341
Accrued professional costs ........................ 15,864 10,064
Customer liability, current ........................ 53,957 0
Accrued rent ................................... 13,944 3,006
$934,324 $597,706
Customer liability reflects the legal obligation to provide future services that are contractually committed by
ExactTarget’s existing customers but unbilled as of the acquisition date. As these services are invoiced, this
balance will reduce and deferred revenue will increase.
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