Salesforce.com 2015 Annual Report Download - page 107
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Purchased intangible assets amortization expense for fiscal 2015, 2014 and 2013 was $64.6 million, $37.6
million and $10.9 million, respectively. Acquired intellectual property amortization expense for fiscal 2015, 2014
and 2013 was $5.0 million, $4.2 million and $3.9 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,
2015
January 31,
2014
Accounts payable ............................. $ 95,537 $ 64,988
Accrued compensation ......................... 457,102 397,002
Accrued other liabilities ........................ 321,032 235,543
Accrued income and other taxes payable ........... 184,844 153,026
Accrued professional costs ...................... 16,889 15,864
Customer liability, current ...................... 13,084 53,957
Accrued rent ................................. 14,847 13,944
$1,103,335 $934,324
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.
Other Noncurrent Liabilities
Other noncurrent liabilities consisted of the following (in thousands):
As of
January 31,
2015
January 31,
2014
Deferred income taxes and income taxes payable ..... $ 94,396 $108,760
Customer liability, noncurrent .................... 1,026 13,953
Financing obligation, building in progress—leased
facility ..................................... 125,289 40,171
Long-term lease liabilities and other ............... 701,612 594,303
$922,323 $757,187
Customer liability, noncurrent reflects the noncurrent fair value of the legal obligation to provide future
services that are contractually committed by ExactTarget’s existing customers but unbilled as of the acquisition
date.
7. Stockholders’ Equity
The Company maintains the following stock plans: the ESPP, the 2013 Equity Incentive Plan and the 2014
Inducement Equity Incentive Plan (the “2014 Inducement Plan”). The expiration of the 1999 Stock Option Plan
(“1999 Plan”) in fiscal 2010 did not affect awards outstanding, which continue to be governed by the terms and
conditions of the 1999 Plan.
On July 10, 2014, the Company adopted the 2014 Inducement Plan with a reserve of 335,000 shares of
common stock for future issuance solely for the granting of inducement stock options and equity awards to new
employees, including employees of acquired companies. In addition, approximately 319,000 shares of common
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