Salesforce.com 2014 Annual Report Download - page 35

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ITEM 6. SELECTED FINANCIAL DATA
The following selected consolidated financial data should be read in conjunction with our audited
consolidated financial statements and related notes thereto and with Management’s Discussion and Analysis of
Financial Condition and Results of Operations, which are included elsewhere in this Form 10-K. The
consolidated statement of operations data for fiscal 2014, 2013, and 2012, and the selected consolidated balance
sheet data as of January 31, 2014 and 2013 are derived from, and are qualified by reference to, the audited
consolidated financial statements and are included in this Form 10-K. The consolidated statement of operations
data for fiscal 2011 and 2010 and the consolidated balance sheet data as of January 31, 2012, 2011 and 2010 are
derived from audited consolidated financial statements which are not included in this Form 10-K.
Fiscal Year Ended January 31,
(in thousands, except per share data) 2014 2013 2012 2011 2010
Consolidated Statement of Operations
Revenues:
Subscription and support .............. $3,824,542 $2,868,808 $2,126,234 $1,551,145 $1,209,472
Professional services and other ......... 246,461 181,387 140,305 105,994 96,111
Total revenues .................. 4,071,003 3,050,195 2,266,539 1,657,139 1,305,583
Cost of revenues (1)(2):
Subscription and support .............. 711,880 494,187 360,758 208,243 159,172
Professional services and other ......... 256,548 189,392 128,128 115,570 98,753
Total cost of revenues ............ 968,428 683,579 488,886 323,813 257,925
Gross profit ............................ 3,102,575 2,366,616 1,777,653 1,333,326 1,047,658
Operating expenses (1)(2):
Research and development ............ 623,798 429,479 295,347 187,887 131,897
Marketing and sales .................. 2,168,132 1,614,026 1,169,610 792,029 605,199
General and administrative ............ 596,719 433,821 347,781 255,913 195,290
Total operating expenses .......... 3,388,649 2,477,326 1,812,738 1,235,829 932,386
Income (loss) from operations ............. (286,074) (110,710) (35,085) 97,497 115,272
Investment income ...................... 10,218 19,562 23,268 37,735 30,408
Interest expense ......................... (77,211) (30,948) (17,045) (24,909) (2,000)
Other expense .......................... (4,868) (5,698) (4,455) (6,025) (1,299)
Income (loss) before benefit from (provision
for) income taxes and noncontrolling
interest .............................. (357,935) (127,794) (33,317) 104,298 142,381
Benefit from (provision for) income taxes .... 125,760 (142,651) 21,745 (34,601) (57,689)
Consolidated net income (loss) ............. (232,175) (270,445) (11,572) 69,697 84,692
Less: net income attributable to noncontrolling
interest ..............................000(5,223) (3,973)
Net income (loss) attributable to
salesforce.com ........................ $ (232,175) $ (270,445) $ (11,572) $ 64,474 $ 80,719
Net earnings per share-basic and diluted (3):
Basic net income (loss) per share
attributable to salesforce.com common
shareholders ...................... $ (0.39) $ (0.48) $ (0.02) $ 0.12 $ 0.16
Diluted net income (loss) per share
attributable to salesforce.com common
shareholders ...................... $ (0.39) $ (0.48) $ (0.02) $ 0.12 $ 0.16
Shares used in computing basic net
income (loss) per share ............. 597,613 564,896 541,208 520,888 497,848
Shares used in computing diluted net
income (loss) per share ............. 597,613 564,896 541,208 546,392 512,456
31