Salesforce.com 2004 Annual Report Download - page 72
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Table of Contents
salesforce.com, inc.
Notes to Consolidated Financial Statements—(Continued)
The unrealized losses are attributable to changes in interest rates. None of the investments have been in an unrealized loss position for 12 months or
longer. Management has the ability to hold these investments to maturity and does not believe any of the unrealized losses represent an other-than-temporary
impairment based on its evaluation of available evidence as of January 31, 2005.
At January 31, 2004, the Company had $25,349,000 of short-term marketable securities, consisting of municipal bonds. The cost of these securities
approximated fair value.
Fixed Assets
Fixed assets consisted of the following (in thousands):
January 31,
2005
January 31,
2004
Computers, equipment and software $ 12,703 $ 8,693
Furniture and fixtures 1,755 1,784
Leasehold improvements 2,708 1,610
17,166 12,087
Less accumulated depreciation and amortization (9,529) (7,018)
$ 7,637 $ 5,069
Depreciation and amortization expense totaled $2,751,000, $2,314,000 and $2,478,000 for fiscal 2005, 2004 and 2003, respectively.
Fixed assets at January 31, 2005 and 2004 included a total of $3,487,000 and $1,788,000, respectively, acquired under capital lease agreements.
Accumulated amortization relating to equipment and software under capital leases totaled $2,142,000 and $1,717,000, respectively, at January 31, 2005 and
2004. Amortization of assets under capital leases is included in depreciation and amortization expense.
Other Assets
Other assets consisted of the following (in thousands):
January 31,
2005
January 31,
2004
Capitalized internal-use software development costs, net of accumulated amortization of $957 and $561, respectively $ 641 $ 572
Long-term deposits 1,138 922
$ 1,779 $ 1,494
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