Salesforce.com 2015 Annual Report Download - page 114
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Germany, France and the United Kingdom to be major tax jurisdictions. The Company’s U.S. federal and state
tax returns since February 1999, which was the inception of the Company, remain open to examination. With
some exceptions, tax years prior to fiscal 2008 in jurisdictions outside of U.S. are generally closed. However, in
Japan and United Kingdom, the Company is no longer subject to examinations for years prior to fiscal 2010 and
fiscal 2011, respectively.
The Company is currently under audit by the U.S. Internal Revenue Service and California Franchise Tax
Board for fiscal 2011 to 2012 and fiscal 2009 to 2010, respectively. Additionally, examinations are conducted in
other international jurisdictions, including Japan, Germany, Switzerland and the United Kingdom. The Company
regularly evaluates its uncertain tax positions and the likelihood of outcomes from these tax examinations.
Significant judgment and estimates are necessary in the determination of income tax reserves. Although it is
often difficult to predict the outcomes of tax examinations, the Company believes that it has provided adequate
reserves for its income tax uncertainties. In the next twelve months, as some of these ongoing examinations are
completed and tax positions in these tax years meet the conditions of being effectively settled, the Company
anticipates it is reasonably possible that a decrease of unrecognized tax benefits up to approximately $23 million
may occur.
9. Earnings/Loss Per Share
Basic earnings/loss per share is computed by dividing net income (loss) by the weighted-average number of
common shares outstanding for the fiscal period. Diluted earnings/loss per share is computed by giving effect to
all potential weighted average dilutive common stock, including options, restricted stock units, warrants and the
convertible senior notes. The dilutive effect of outstanding awards and convertible securities is reflected in
diluted earnings per share by application of the treasury stock method. Diluted loss per share for fiscal 2015,
2014 and 2013 are the same as basic loss per share as there is a net loss in these periods and inclusion of
potentially issuable shares is anti-dilutive.
A reconciliation of the denominator used in the calculation of basic and diluted loss per share is as follows
(in thousands):
Fiscal Year Ended January 31,
2015 2014 2013
Numerator:
Net loss .................................... $(262,688) $(232,175) $(270,445)
Denominator:
Weighted-average shares outstanding for basic loss
per share .................................. 624,148 597,613 564,896
Effect of dilutive securities:
Convertible senior notes ...................000
Employee stock awards ....................000
Warrants ................................000
Adjusted weighted-average shares outstanding and
assumed conversions for diluted loss per share .... 624,148 597,613 564,896
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