Salesforce.com 2016 Annual Report Download - page 112
Download and view the complete annual report
Please find page 112 of the 2016 Salesforce.com annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
 |
 |
Accounts Payable, Accrued Expenses and Other Liabilities
Accounts payable, accrued expenses and other liabilities consisted of the following (in thousands):
As of
January 31,
2016
January 31,
2015
Accounts payable ............................ $ 71,481 $ 95,537
Accrued compensation ........................ 554,502 457,102
Accrued other liabilities ....................... 447,729 321,032
Accrued income and other taxes payable .......... 205,781 184,844
Accrued professional costs ..................... 33,814 16,889
Customer liability, current (1) ................... 6,558 13,084
Accrued rent ................................ 14,071 14,847
Financing obligation, building in progress-leased
facility, current ............................ 15,402 0
$1,349,338 $1,103,335
(1) Customer liability reflects the legal obligation to provide future services that are contractually committed to
ExactTarget’s existing customers but unbilled as of the acquisition date in July 2013. As these services are
invoiced, this balance will decrease and deferred revenue will increase.
Other Noncurrent Liabilities
Other noncurrent liabilities consisted of the following (in thousands):
As of
January 31,
2016
January 31,
2015
Deferred income taxes and income taxes payable ..... $ 85,996 $ 66,541
Customer liability, noncurrent .................... 66 1,026
Financing obligation, building in progress-leased
facility ..................................... 196,711 125,289
Long-term lease liabilities and other ............... 550,292 701,612
$833,065 $894,468
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
stock that remained available for grant under the 2006 Inducement Equity Incentive Plan (the “Prior Inducement
Plan”) as of July 9, 2014 were added to the 2014 Inducement Plan share reserve and the Prior Inducement Plan was
terminated. Further, any shares of common stock subject to outstanding awards under the Prior Inducement Plan
that expire, are forfeited, or are repurchased by the Company will also become available for future grant under the
2014 Inducement Plan. Termination of the Prior Inducement Plan did not affect the outstanding awards previously
issued thereunder. The 2014 Inducement Plan was adopted without stockholder approval in reliance on the
“employment inducement exemption” provided under the New York Stock Exchange Listed Company Manual.
105