Salesforce.com 2005 Annual Report Download - page 55

Table of Contents
salesforce.com, inc.
Consolidated Balance Sheets
(in thousands, except share and per share data)
January 31,
2006
January 31,
2005
Assets
Current assets:
Cash and cash equivalents $ 99,842 $ 35,731
Short-term marketable securities 107,723 83,087
Accounts receivable, net of allowance for doubtful accounts of $1,296 and $611 at January 31, 2006 and 2005, respectively 76,128 48,874
Deferred commissions 13,186 7,556
Prepaid expenses and other current assets 6,338 3,467
Total current assets 303,217 178,715
Marketable securities, noncurrent 89,227 87,120
Restricted cash — 3,191
Fixed assets, net 24,216 7,637
Deferred commissions, noncurrent 3,889 2,057
Deferred income taxes, noncurrent 10,416 —
Other assets 3,784 1,779
Total assets $ 434,749 $ 280,499
Liabilities and stockholders' equity
Current liabilities:
Accounts payable $ 10,212 $ 2,525
Accrued expenses and other current liabilities 48,782 32,467
Income taxes payable 2,650 216
Deferred income tax liabilities 3,191 —
Deferred revenue 169,175 95,900
Current portion of capital lease obligations 615 563
Total current liabilities 234,625 131,671
Capital lease obligations, net of current portion 184 721
Long-term lease abandonment liability and other 1,155 1,596
Minority interest 2,414 1,380
Total liabilities 238,378 135,368
Commitments and contingencies (Note 8)
Stockholders' equity:
Preferred stock, $0.001 par value; 5,000,000 shares authorized and none outstanding at January 31, 2006 and 2005 — —
Common stock, $0.001 par value; 400,000,000 shares authorized, 110,513,576 and 104,990,816 issued and outstanding at
January 31, 2006 and 2005, respectively 111 105
Additional paid-in capital 237,010 217,248
Deferred stock-based compensation (2,531) (5,908)
Notes receivables from stockholders — (727)
Accumulated other comprehensive loss (2,105) (999)
Accumulated deficit (36,114) (64,588)
Total stockholders' equity 196,371 145,131
Total liabilities and stockholders' equity $ 434,749 $ 280,499
See accompanying Notes to Consolidated Financial Statements.
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