← Salesforce, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent ($47.4m) $179.6m $127.5m $1.1b $126.0m $4.1b $1.4b $208.0m $4.1b $6.2b $7.5b
Amortization of Debt Issuance Costs $4.1m $5.4m $5.3m $16.0m $4.0m $14.0m $18.0m $10.0m $0 $0 —
Amortization of Debt Issuance Costs and Discounts $27.5m $30.5m $31.3m $20.0m $0 ($20.0m) — $0 $0 $0 —
Amortization of Intangible Assets — $227.8m — — — — — — — — —
Amortization of costs capitalized to obtain revenue contracts, net — $470.0m $592.0m $737.0m $876.0m $1.1b $1.3b $1.7b $1.9b $2.1b $2.2b
Depreciation, Depletion and Amortization $302.0m $322.8m $372.8m $411.0m $455.0m $579.0m $678.0m $903.0m $1.1b $1.0b $3.6b
Deferred Income Tax Expense (Benefit) $612k ($230.9m) ($5.8m) ($283.0m) $27.0m ($1.8b) ($254.0m) ($334.0m) ($742.0m) ($1.2b) —
Goodwill, Impairment Loss $0 — — — $0 $0 $0 — — — —
Impairment of Intangible Assets (Excluding Goodwill) — — — — $0 $0 $0 — — — —
Operating Lease, Impairment Loss — — — — — $216.0m — — — — —
Payment, Tax Withholding, Share-based Payment Arrangement — — — — — — — — — $0 —
Share-based Payment Arrangement, Noncash Expense $593.6m $820.4m $997.0m $1.3b $1.8b $2.2b $2.8b $3.3b $2.8b $3.2b —
Gain (Loss) on Disposition of Property Plant Equipment $21.8m $0 — — — — — — — — —
Income Tax Expense (Benefit) $111.7m ($154.2m) $74.6m ($127.0m) $580.0m ($1.5b) $88.0m $452.0m $814.0m $1.2b $2.1b
Operating lease liabilities — — — $0 ($728.0m) ($830.0m) ($801.0m) ($699.0m) ($621.0m) ($548.0m) ($567.0m)
Other Nonoperating Income (Expense) — $9.1m $17.4m $3.0m ($18.0m) — — — $216.0m $354.0m $172.0m
Changes in operating assets and liabilities:
Additional Financial Items
Noncash investing and financing activities:
Accounts payable and accrued expenses and other liabilities — $50.0m $308.2m $287.0m $982.0m $1.1b $507.0m $528.0m ($478.0m) $1.1b $1.0b
Accounts receivable, net — ($628.5m) ($720.0m) ($923.0m) ($1.0b) ($1.6b) ($1.8b) ($995.0m) ($659.0m) ($490.0m) ($2.2b)
Costs capitalized to obtain revenue contracts, net — ($693.0m) ($1.2b) ($981.0m) ($1.1b) ($1.6b) ($2.3b) ($2.3b) ($1.9b) ($2.1b) ($2.8b)
Equity Securities, FV-NI, Gain (Loss) — — — — $427.0m — — — — — —
Equity Securities, FV-NI, Realized Gain (Loss) — — — — $400.0m $900.0m $1.6b $87.0m — — —
Gain (Loss) on Investments — $13.7m $0 $542.0m $427.0m $2.2b $1.2b ($239.0m) ($277.0m) ($121.0m) $1.0b
Gain (Loss) on Sale of Properties — — $0 — — — — — — — —
Gains (losses) on strategic investments, net — ($31.0m) ($19.0m) ($542.0m) ($427.0m) ($2.2b) ($1.2b) $239.0m $277.0m $121.0m ($1.0b)
General and Administrative Expense $748.2m $967.6m $1.1b $1.3b $1.7b $2.1b $2.6b $2.6b $2.5b $2.8b $3.0b
Goodwill $3.8b $7.3b $7.3b $12.9b $25.1b $26.3b $47.9b $48.6b $48.6b $51.3b $57.9b
Income taxes, net of tax refunds — $36.4m $53.2m $83.0m $129.0m $216.0m $196.0m $510.0m $1.0b $2.1b $1.3b
Increase (Decrease) in Accounts Payable — — — $74.0m $15.0m — — — — — —
Increase (Decrease) in Accounts Receivable $582.4m $628.5m $720.0m $923.0m $1.0b $1.6b $1.8b $995.0m $659.0m $490.0m —
Interest — $55.0m $40.3m $94.0m $106.0m $96.0m $187.0m $275.0m $254.0m $233.0m $276.0m
Investment Income, Interest $14.1m $21.9m $36.5m $61.0m $117.0m — — — — $647.0m $539.0m
Maturities of marketable securities — $67.5m $79.1m $146.0m $779.0m $1.0b $2.1b $2.4b $2.1b $3.4b $2.4b
Operating Expenses $4.9b $6.1b $7.5b $9.3b $12.6b $15.4b $18.9b $22.0b $21.3b $22.0b $23.9b
Payments for taxes related to net share settlement of equity awards — — — — — — — — $0 $0 ($351.0m)
Prepaid expenses and other current assets and other assets — ($28.9m) $24.1m ($58.0m) ($119.0m) ($133.0m) $114.0m ($302.0m) ($843.0m) ($1.5b) $819.0m
Principal payments on financing obligations — — ($106.0m) ($131.0m) ($173.0m) ($103.0m) ($156.0m) ($419.0m) ($629.0m) ($603.0m) ($584.0m)
Proceeds from employee stock plans — $401.5m $650.3m $704.0m $840.0m $1.3b $1.3b $861.0m $2.0b $1.5b $1.0b
Purchases of marketable securities — ($1.1b) ($2.0b) ($1.1b) ($3.9b) ($4.8b) ($5.7b) ($4.8b) ($3.8b) ($6.9b) ($3.8b)
Purchases of property and equipment, accrued but unpaid $284.5m $464.0m $534.0m $595.0m $643.0m $710.0m $717.0m $798.0m $736.0m $658.0m —
Realized Investment Gains (Losses) — — — $464.0m — — $293.0m $71.0m $41.0m $119.0m $47.0m
Sales of marketable securities — $2.0b $558.6m $1.4b $1.4b $1.8b $4.2b $1.8b $1.5b $4.1b $4.4b
Stock-based compensation expense — $820.4m $997.0m $1.3b $1.8b $2.2b $2.8b $3.3b $2.8b $3.2b $3.5b
Unearned revenue — $1.2b $1.5b $1.5b $1.7b $1.9b $2.6b $1.7b $1.6b $1.6b $2.9b
Unrealized Gain (Loss) on Investments — — — — $300.0m $1.8b $918.0m ($310.0m) ($318.0m) ($240.0m) —
Net Cash Provided by (Used in) Operating Activities $1.6b $2.2b $2.7b $3.4b $4.3b $4.8b $6.0b $7.1b $10.2b $13.1b $15.0b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $284.5m $464.0m $534.0m $595.0m $643.0m $710.0m $717.0m $798.0m $736.0m $658.0m ($594.0m)
Business combinations, net of cash acquired — ($3.2b) ($25.4m) ($5.1b) ($369.0m) ($1.3b) ($14.9b) ($439.0m) ($82.0m) ($2.7b) ($9.3b)
Payments to Acquire Businesses, Net of Cash Acquired $58.7m $3.2b $25.4m $5.1b $369.0m $1.3b $14.9b $439.0m $82.0m $2.7b —
Purchases of strategic investments — ($110.3m) ($216.4m) ($362.0m) ($768.0m) ($1.1b) ($1.7b) ($550.0m) ($496.0m) ($539.0m) ($2.0b)
Sales of strategic investments — $80.3m $130.7m $260.0m $434.0m $1.1b $2.2b $355.0m $108.0m $126.0m $184.0m
Net Cash Provided by (Used in) Investing Activities ($1.5b) ($2.7b) ($2.0b) ($5.3b) ($3.0b) ($4.0b) ($14.5b) ($2.0b) ($1.3b) ($3.2b) ($8.6b)
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $37.8m $67.5m $79.1m $146.0m $779.0m $1.0b $2.1b $2.4b $2.1b $3.4b —
Proceeds from issuance of debt, net of issuance costs — $495.6m $0 $3.0b $0 ($20.0m) $7.9b $0 $0 $0 $6.0b
Repayments of debt — ($550.0m) ($200.0m) ($1.5b) ($503.0m) ($4.0m) ($4.0m) ($4.0m) ($1.2b) ($1.0b) $0
Payments for Repurchase of Common Stock — — — — — — — $4.0b $7.6b $7.8b —
Repurchases of common stock — — — — — $0 $0 ($4.0b) ($7.6b) ($7.8b) ($12.6b)
Dividends paid — — — — — — — — — $1.5b —
Payments of dividends and dividend equivalents — — — — — — — $0 $0 ($1.5b) ($1.6b)
Net Cash Provided by (Used in) Financing Activities $132.6m $997.7m $221.2m $2.0b $164.0m $1.2b $7.8b ($3.6b) ($7.5b) ($9.4b) ($8.1b)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — ($27.4m) ($11.8m) $26.0m ($39.0m) $26.0m ($33.0m) ($8.0m) $26.0m ($124.0m) —
Effect of exchange rate changes — ($27.4m) ($11.8m) $26.0m ($39.0m) $26.0m ($33.0m) ($8.0m) $26.0m ($124.0m) $152.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — $448.2m $936.9m $126.0m $1.5b $2.0b ($731.0m) $1.6b $1.5b $376.0m —
Net increase (decrease) in cash and cash equivalents — $448.2m $936.9m $126.0m $1.5b $2.0b ($731.0m) $1.6b $1.5b $376.0m ($1.5b)
Cash and cash equivalents, beginning of period — $1.2b $1.6b $2.5b $4.1b $6.2b $5.5b $7.0b $8.5b $8.8b $7.3b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — $4.1b $6.2b $5.5b $7.0b $8.5b $8.8b —
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — — $106.0m $96.0m $187.0m $275.0m $254.0m $233.0m —
Income Taxes Paid, Net $31.5m $36.4m $53.2m $83.0m $129.0m $216.0m $196.0m $510.0m $1.0b $2.1b —

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.