For the year ending 2026-01-31, CRM had -$1,521M decrease in cash & cash equivalents over the period. $14,402M in free cash flow.
| Cash Flow | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 |
|---|---|---|---|---|
| Net income | 7,457 | 6,197 | 4,136 | 208 |
| Depreciation and amortization | 3,631 | 3,477 | 3,959 | 3,786 |
| Amortization of costs capitalized to obtain revenue contracts, net | 2,197 | 2,095 | 1,925 | 1,668 |
| Stock-based compensation expense | 3,509 | 3,183 | 2,787 | 3,279 |
| Tax benefit from intra-entity transfer of intangible property | - | - | - | 0 |
| Gains (losses) on strategic investments, net | 1,017 | -121 | -277 | -239 |
| Accounts receivable, net | 2,160 | 490 | 659 | 995 |
| Costs capitalized to obtain revenue contracts, net | 2,811 | 2,121 | 1,872 | 2,345 |
| Prepaid expenses and other current assets and other assets | -819 | 1,495 | 843 | 302 |
| Accounts payable and accrued expenses and other liabilities | 1,014 | 1,089 | -478 | 528 |
| Operating lease liabilities | -567 | -548 | -621 | -699 |
| Unearned revenue | 2,924 | 1,584 | 1,623 | 1,744 |
| Net cash provided by operating activities | 14,996 | 13,092 | 10,234 | 7,111 |
| Business combinations, net of cash acquired | 9,268 | 2,734 | 82 | 439 |
| Purchases of strategic investments | 1,958 | 539 | 496 | 550 |
| Sales of strategic investments | 184 | 126 | 108 | 355 |
| Purchases of marketable securities | 3,763 | 6,879 | 3,761 | 4,777 |
| Sales of marketable securities | 4,414 | 4,143 | 1,511 | 1,771 |
| Maturities of marketable securities | 2,395 | 3,378 | 2,129 | 2,449 |
| Capital expenditures | 594 | 658 | 736 | 798 |
| Net cash used in investing activities | -8,590 | -3,163 | -1,327 | -1,989 |
| Proceeds from issuance of debt, net of issuance costs | 6,000 | - | 0 | 0 |
| Repayments of slack convertible notes, net of capped call proceeds | - | - | 0 | 0 |
| Repurchases of common stock | 12,596 | 7,829 | 7,620 | 4,000 |
| Payments for taxes related to net share settlement of equity awards | 351 | - | - | - |
| Proceeds from employee stock plans | 1,039 | 1,540 | 1,954 | 861 |
| Principal payments on financing obligations | 584 | 603 | 629 | 419 |
| Repayments of debt | 0 | 1,000 | 1,182 | 4 |
| Payments of dividends and dividend equivalents | 1,587 | 1,537 | - | - |
| Net cash used in financing activities | -8,079 | -9,429 | -7,477 | -3,562 |
| Effect of exchange rate changes | 152 | -124 | 26 | -8 |
| Net increase (decrease) in cash and cash equivalents | -1,521 | 376 | 1,456 | 1,552 |
| Cash and cash equivalents, beginning of period | 8,848 | 8,472 | 7,016 | - |
| Cash and cash equivalents, end of period | 7,327 | 8,848 | 8,472 | - |
Salesforce, Inc. (CRM)
Salesforce, Inc. (CRM)