Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | |
In Billions, except Share data in Millions, unless otherwise specified | Jan. 31, 2015 | Jul. 31, 2014 |
Document And Entity Information [Abstract] | ||
Document Type | 10-K | |
Amendment Flag | FALSE | |
Document Period End Date | 31-Jan-15 | |
Document Fiscal Year Focus | 2015 | |
Document Fiscal Period Focus | FY | |
Trading Symbol | CRM | |
Entity Registrant Name | SALESFORCE COM INC | |
Entity Central Index Key | 1108524 | |
Current Fiscal Year End Date | -30 | |
Entity Well-known Seasoned Issuer | Yes | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Large Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 650.6 | |
Entity Public Float | $24.40 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Jan. 31, 2015 | Jan. 31, 2014 |
In Thousands, unless otherwise specified | ||
Current assets: | ||
Cash and cash equivalents | $908,117 | $781,635 |
Short-term marketable securities | 87,312 | 57,139 |
Accounts receivable, net of allowance for doubtful accounts of $8,146 and $4,769 at January 31, 2015 and 2014, respectively | 1,905,506 | 1,360,837 |
Deferred commissions | 225,386 | 171,461 |
Prepaid expenses and other current assets | 280,554 | 309,180 |
Land and building improvements held for sale | 143,197 | 0 |
Total current assets | 3,550,072 | 2,680,252 |
Marketable securities, noncurrent | 894,855 | 482,243 |
Property and equipment, net | 1,125,866 | 1,240,746 |
Deferred commissions, noncurrent | 162,796 | 153,459 |
Capitalized software, net | 433,398 | 481,917 |
Goodwill | 3,782,660 | 3,500,823 |
Other assets, net | 628,320 | 613,490 |
Restricted cash | 115,015 | 0 |
Total assets | 10,692,982 | 9,152,930 |
Current liabilities: | ||
Accounts payable, accrued expenses and other liabilities | 1,103,335 | 934,324 |
Deferred revenue | 3,286,768 | 2,473,705 |
Convertible 0.75% senior notes, net | 0 | 542,159 |
Term loan, current | 0 | 30,000 |
Total current liabilities | 4,390,103 | 3,980,188 |
Convertible 0.25% senior notes, net | 1,070,692 | 1,046,930 |
Term loan, noncurrent | 0 | 255,000 |
Revolving credit facility | 300,000 | 0 |
Deferred revenue, noncurrent | 34,681 | 48,410 |
Other noncurrent liabilities | 922,323 | 757,187 |
Total liabilities | 6,717,799 | 6,087,715 |
Temporary equity | 0 | 26,705 |
Stockholders’ equity: | ||
Preferred stock, $0.001 par value; 5,000 shares authorized and none issued and outstanding | 0 | 0 |
Common stock, $0.001 par value; 1,600,000 shares authorized, 650,596 and 610,143 issued and outstanding at January 31, 2015 and 2014, respectively | 651 | 610 |
Additional paid-in capital | 4,604,485 | 3,363,377 |
Accumulated other comprehensive income (loss) | -24,108 | 17,680 |
Accumulated deficit | -605,845 | -343,157 |
Total stockholders’ equity | 3,975,183 | 3,038,510 |
Total liabilities, temporary equity and stockholders’ equity | $10,692,982 | $9,152,930 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Jan. 31, 2015 | Jan. 31, 2014 |
In Thousands, except Share data, unless otherwise specified | ||
Accounts receivable, allowance for doubtful accounts | $8,146 | $4,679 |
Preferred stock, par value (in dollars per share) | $0.00 | $0.00 |
Preferred stock, shares authorized (in shares) | 5,000,000 | 5,000,000 |
Preferred stock, issued (in shares) | 0 | 0 |
Preferred stock, outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $0.00 | $0.00 |
Common stock, shares authorized (in shares) | 1,600,000,000 | 1,600,000,000 |
Common stock, issued (in shares) | 650,596,000 | 610,143,000 |
Common stock, outstanding (in shares) | 650,596,000 | 610,143,000 |
Notes Payable to Banks [Member] | 0.25% Convertible Senior Notes due April 1, 2018 | ||
Interest percentage of convertible senior notes | 0.25% | 0.25% |
Notes Payable to Banks [Member] | 0.75% Convertible Senior Notes due January 15, 2015 | ||
Interest percentage of convertible senior notes | 0.75% | 0.75% |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 12 Months Ended | |||||
In Thousands, except Per Share data, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 | |||
Revenues: | ||||||
Subscription and support | $5,013,764 | $3,824,542 | $2,868,808 | |||
Professional services and other | 359,822 | 246,461 | 181,387 | |||
Total revenues | 5,373,586 | 4,071,003 | 3,050,195 | |||
Cost of revenues: | ||||||
Subscription and support | 924,638 | [1],[2] | 711,880 | [1],[2] | 494,187 | [1],[2] |
Professional services and other | 364,632 | [1],[2] | 256,548 | [1],[2] | 189,392 | [1],[2] |
Total cost of revenues | 1,289,270 | [1],[2] | 968,428 | [1],[2] | 683,579 | [1],[2] |
Gross profit | 4,084,316 | 3,102,575 | 2,366,616 | |||
Operating expenses: | ||||||
Research and development | 792,917 | [1],[2] | 623,798 | [1],[2] | 429,479 | [1],[2] |
Marketing and sales | 2,757,096 | [1],[2] | 2,168,132 | [1],[2] | 1,614,026 | [1],[2] |
General and administrative | 679,936 | [1],[2] | 596,719 | [1],[2] | 433,821 | [1],[2] |
Total operating expenses | 4,229,949 | [1],[2] | 3,388,649 | [1],[2] | 2,477,326 | [1],[2] |
Loss from operations | -145,633 | -286,074 | -110,710 | |||
Investment income | 10,038 | 10,218 | 19,562 | |||
Interest expense | -73,237 | -77,211 | -30,948 | |||
Gain on sales of land and building improvements | 15,625 | 0 | 0 | |||
Other expense | -19,878 | -4,868 | -5,698 | |||
Loss before benefit from (provision for) income taxes | -213,085 | -357,935 | -127,794 | |||
Benefit from (provision for) income taxes | -49,603 | 125,760 | -142,651 | |||
Net loss | ($262,688) | ($232,175) | ($270,445) | |||
Basic net loss per share (in dollars per share) | ($0.42) | ($0.39) | ($0.48) | |||
Diluted net loss per share (in dollars per share) | ($0.42) | ($0.39) | ($0.48) | |||
Shares used in computing basic net loss per share (in shares) | 624,148 | 597,613 | 564,896 | |||
Shares used in computing diluted net loss per share (in shares) | 624,148 | 597,613 | 564,896 | |||
[1] | Amounts include stock-based expenses, as follows: Fiscal Year Ended January 31, 2015 2014 2013Cost of revenues $53,812 $45,608 $33,757Research and development 121,193 107,420 76,333Marketing and sales 286,410 258,571 199,284General and administrative 103,350 91,681 69,976 | |||||
[2] | Amounts include amortization of purchased intangibles from business combinations, as follows: Fiscal Year Ended January 31, 2015 2014 2013Cost of revenues $90,300 $109,356 $77,249Marketing and sales 64,673 37,179 10,922 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Operations (Parenthetical) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Stock-based expenses | $564,765 | $503,280 | $379,350 |
Cost of revenues | |||
Amortization of purchased intangibles from business combinations | 90,300 | 109,356 | 77,249 |
Stock-based expenses | 53,812 | 45,608 | 33,757 |
Marketing and sales | |||
Amortization of purchased intangibles from business combinations | 64,673 | 37,179 | 10,922 |
Stock-based expenses | 286,410 | 258,571 | 199,284 |
Research and development | |||
Stock-based expenses | 121,193 | 107,420 | 76,333 |
General and administrative | |||
Stock-based expenses | $103,350 | $91,681 | $69,976 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Loss (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Statement of Comprehensive Income [Abstract] | |||
Net loss | ($262,688) | ($232,175) | ($270,445) |
Other comprehensive income (loss), before tax and net of reclassification adjustments: | |||
Foreign currency translation and other gains (losses) | -43,276 | -4,930 | 4,783 |
Unrealized gains (losses) on investments | 1,488 | 8,120 | -329 |
Other comprehensive income (loss), before tax | -41,788 | 3,190 | 4,454 |
Tax effect | 0 | -2,647 | 0 |
Other comprehensive income (loss), net of tax | -41,788 | 543 | 4,454 |
Comprehensive loss | ($304,476) | ($231,632) | ($265,991) |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders’ Equity (USD $) | Total | Common Stock | Additional Paid-in Capital | Accumulated Other Comprehensive Income/(Loss) | Retained Earnings (Accumulated Deficit) |
In Thousands, except Share data, unless otherwise specified | |||||
Beginning balance at Jan. 31, 2012 | $1,587,360 | $548 | $1,414,666 | $12,683 | $159,463 |
Beginning balance (in shares) at Jan. 31, 2012 | 548,146,000 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Exercise of stock options and stock grants to board members for board services (in shares) | 20,237,000 | ||||
Exercise of stock options and stock grants to board members for board services | 279,006 | 20 | 278,986 | ||
Vested restricted stock units converted to shares (in shares) | 6,564,000 | ||||
Vested restricted stock units converted to shares | 1 | 7 | -6 | ||
Shares issued related to business combinations (in shares) | 7,727,000 | ||||
Shares issued related to business combinations | 240,028 | 8 | 240,020 | ||
Shares issued under employee stock plans (in shares) | 2,953,000 | ||||
Shares issued under employee stock plans | 69,070 | 3 | 69,067 | ||
Tax benefits from employee stock plans | 7,189 | 7,189 | |||
Stock-based expenses | 375,841 | 375,841 | |||
Temporary equity reclassification | 25,129 | 25,129 | |||
Other comprehensive income, net of tax | 4,454 | 4,454 | |||
Net loss | -270,445 | -270,445 | |||
Ending balance at Jan. 31, 2013 | 2,317,633 | 586 | 2,410,892 | 17,137 | -110,982 |
Ending balance (in shares) at Jan. 31, 2013 | 585,627,000 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Exercise of stock options and stock grants to board members for board services (in shares) | 9,952,000 | ||||
Exercise of stock options and stock grants to board members for board services | 197,022 | 10 | 197,012 | ||
Vested restricted stock units converted to shares (in shares) | 9,265,000 | ||||
Vested restricted stock units converted to shares | 9 | 9 | |||
Shares issued related to business combinations (in shares) | 2,367,000 | ||||
Shares issued related to business combinations | 81,193 | 2 | 81,191 | ||
Shares issued under employee stock plans (in shares) | 2,932,000 | ||||
Shares issued under employee stock plans | 92,485 | 3 | 92,482 | ||
Tax benefits from employee stock plans | 8,048 | 8,048 | |||
Stock-based expenses | 494,615 | 494,615 | |||
Temporary equity reclassification | 26,907 | 26,907 | |||
Equity component of the convertible notes issuance, net | 121,230 | 121,230 | |||
Purchase of convertible note hedges | -153,800 | -153,800 | |||
Issuance of warrants | 84,800 | 84,800 | |||
Other comprehensive income, net of tax | 543 | 543 | |||
Net loss | -232,175 | -232,175 | |||
Ending balance at Jan. 31, 2014 | 3,038,510 | 610 | 3,363,377 | 17,680 | -343,157 |
Ending balance (in shares) at Jan. 31, 2014 | 610,143,000 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Exercise of stock options and stock grants to board members for board services (in shares) | 7,307,213 | 7,413,000 | |||
Exercise of stock options and stock grants to board members for board services | 182,278 | 8 | 182,270 | ||
Vested restricted stock units converted to shares (in shares) | 9,259,000 | ||||
Vested restricted stock units converted to shares | 9 | 9 | |||
Shares issued related to business combinations (in shares) | 7,185,000 | ||||
Shares issued related to business combinations | 339,083 | 7 | 339,076 | ||
Shares issued under employee stock plans (in shares) | 3,264,000 | ||||
Shares issued under employee stock plans | 127,820 | 4 | 127,816 | ||
Tax benefits from employee stock plans | 7,730 | 7,730 | |||
Settlement of 0.75% convertible notes and related warrants | 22,749 | 13 | 22,736 | ||
Settlement of 0.75% convertible notes and related warrants (in shares) | 13,332,000 | ||||
Stock-based expenses | 561,480 | 561,480 | |||
Other comprehensive income, net of tax | -41,788 | -41,788 | |||
Net loss | -262,688 | -262,688 | |||
Ending balance at Jan. 31, 2015 | $3,975,183 | $651 | $4,604,485 | ($24,108) | ($605,845) |
Ending balance (in shares) at Jan. 31, 2015 | 650,596,000 |
Consolidated_Statements_of_Sto1
Consolidated Statements of Stockholders’ Equity (Parenthetical) (Additional Paid-in Capital) | Jan. 31, 2015 |
Additional Paid-in Capital | |
Interest percentage of convertible senior notes | 0.75% |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Operating activities: | |||
Net loss | ($262,688) | ($232,175) | ($270,445) |
Adjustments to reconcile net loss to net cash provided by operating activities: | |||
Depreciation and amortization | 448,296 | 369,423 | 216,795 |
Amortization of debt discount and transaction costs | 39,620 | 49,582 | 24,086 |
Gain on sales of land and building improvements | -15,625 | 0 | 0 |
Loss on conversions of convertible senior notes | 10,326 | 214 | 0 |
Amortization of deferred commissions | 257,642 | 194,553 | 154,818 |
Expenses related to employee stock plans | 564,765 | 503,280 | 379,350 |
Excess tax benefits from employee stock plans | -7,730 | -8,144 | -14,933 |
Changes in assets and liabilities, net of business combinations: | |||
Accounts receivable, net | -544,610 | -424,702 | -183,242 |
Deferred commissions | -320,904 | -265,080 | -232,591 |
Prepaid expenses and other current assets and other assets | 45,819 | 105,218 | -9,718 |
Accounts payable, accrued expenses and other liabilities | 159,973 | -29,043 | 193,358 |
Deferred revenue | 798,830 | 612,343 | 479,419 |
Net cash provided by operating activities | 1,173,714 | 875,469 | 736,897 |
Investing activities: | |||
Business combinations, net of cash acquired | 38,071 | -2,617,302 | -579,745 |
Proceeds from land activity, net | 223,240 | 0 | -4,106 |
Deposit for purchase of building and land | -126,435 | 0 | 0 |
Strategic investments | -93,725 | -31,160 | -9,695 |
Purchases of marketable securities | -780,540 | -558,703 | -1,021,287 |
Sales of marketable securities | 243,845 | 1,038,284 | 706,893 |
Maturities of marketable securities | 87,638 | 36,436 | 144,623 |
Capital expenditures | -290,454 | -299,110 | -175,601 |
Net cash used in investing activities | -698,360 | -2,431,555 | -938,918 |
Financing activities: | |||
Proceeds from borrowings on convertible senior notes, net | 0 | 1,132,750 | 0 |
Proceeds from issuance of warrants | 0 | 84,800 | 0 |
Purchase of convertible note hedge | 0 | -153,800 | 0 |
Proceeds from term loan, net | 0 | 298,500 | 0 |
Proceeds from revolving credit facility, net | 297,325 | 0 | 0 |
Proceeds from employee stock plans | 308,989 | 289,931 | 351,366 |
Excess tax benefits from employee stock plans | 7,730 | 8,144 | 14,933 |
Payments on convertible senior notes | -568,862 | -5,992 | 0 |
Principal payments on capital lease obligations | -70,663 | -41,099 | -31,754 |
Payments on term loan | 285,000 | 15,000 | 0 |
Net cash provided by (used in) financing activities | -310,481 | 1,598,234 | 334,545 |
Effect of exchange rate changes | -38,391 | -7,758 | 7,437 |
Net increase in cash and cash equivalents | 126,482 | 34,390 | 139,961 |
Cash and cash equivalents, beginning of period | 781,635 | 747,245 | 607,284 |
Cash and cash equivalents, end of period | 908,117 | 781,635 | 747,245 |
Cash paid during the period for: | |||
Interest | 24,684 | 21,503 | 6,890 |
Income taxes, net of tax refunds | 36,219 | 28,870 | 53,089 |
Non-cash financing and investing activities: | |||
Fixed assets acquired under capital leases | 124,099 | 492,810 | 33,392 |
Building in progress - leased facility acquired under financing obligation | 85,118 | 40,171 | 0 |
Fair value of equity awards assumed | $1,050 | $19,037 | $37,898 |
Fair value of common stock issued as consideration for business combinations | 338,033 | 69,533 | 202,161 |
Summary_of_Business_and_Signif
Summary of Business and Significant Accounting Policies | 12 Months Ended | ||||||||||||||||
Jan. 31, 2015 | |||||||||||||||||
Accounting Policies [Abstract] | |||||||||||||||||
Summary of Business and Significant Accounting Policies | Summary of Business and Significant Accounting Policies | ||||||||||||||||
Description of Business | |||||||||||||||||
Salesforce.com, inc. (the “Company”) is a leading provider of enterprise cloud computing services. The Company is dedicated to helping customers of all sizes and industries worldwide transform themselves into “customer companies” by empowering them to connect with their customers, partners, employees and products in entirely new ways. The Company provides customers with the solutions they need to build a next generation social front office with social and mobile cloud technologies. | |||||||||||||||||
Fiscal Year | |||||||||||||||||
The Company’s fiscal year ends on January 31. References to fiscal 2015, for example, refer to the fiscal year ending January 31, 2015. | |||||||||||||||||
Basis of Presentation | |||||||||||||||||
On March 20, 2013, the Company’s certificate of incorporation was amended to increase the number of authorized shares of common stock from 400.0 million to 1.6 billion in order to provide for a four-for-one stock split of the common stock effected in the form of a stock dividend. The record date for the stock split was April 3, 2013, and the additional shares were distributed on April 17, 2013. Each stockholder of record on the close of business on the record date received three additional shares of common stock for each share held. All share and per share data presented herein reflect the impact of the increase in authorized shares and the stock split, as appropriate. | |||||||||||||||||
Use of Estimates | |||||||||||||||||
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions in the Company’s consolidated financial statements and notes thereto. | |||||||||||||||||
Significant estimates and assumptions made by management include the determination of: | |||||||||||||||||
• | the best estimate of selling price of the deliverables included in multiple deliverable revenue arrangements, | ||||||||||||||||
• | the fair value of assets acquired and liabilities assumed for business combinations, | ||||||||||||||||
• | the recognition, measurement and valuation of current and deferred income taxes, | ||||||||||||||||
• | the fair value of convertible notes, | ||||||||||||||||
• | the fair value of stock awards issued and related forfeiture rates, | ||||||||||||||||
• | the valuation of strategic investments and the determination of other-than-temporary impairments, and | ||||||||||||||||
• | the assessment of determination of impairment of long-lived assets (property and equipment, goodwill and identified intangibles). | ||||||||||||||||
Actual results could differ materially from those estimates. | |||||||||||||||||
Principles of Consolidation | |||||||||||||||||
The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. | |||||||||||||||||
Segments | |||||||||||||||||
The Company operates as one operating segment. Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker, who is the chief executive officer, in deciding how to allocate resources and assessing performance. Over the past few years, the Company has completed several acquisitions. These acquisitions have allowed the Company to expand its offerings, presence and reach in various market segments of the enterprise cloud computing market. While the Company has offerings in multiple enterprise cloud computing market segments, the Company’s business operates in one operating segment because all of the Company's offerings operate on a single platform and are deployed in an identical way, and the Company’s chief operating decision maker evaluates the Company’s financial information and resources and assesses the performance of these resources on a consolidated basis. Since the Company operates in one operating segment, all required financial segment information can be found in the consolidated financial statements. | |||||||||||||||||
Concentrations of Credit Risk and Significant Customers | |||||||||||||||||
The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents, marketable securities, restricted cash and trade accounts receivable. Although the Company deposits its cash with multiple financial institutions, its deposits, at times, may exceed federally insured limits. Collateral is not required for accounts receivable. The Company maintains an allowance for doubtful accounts receivable balances. This allowance is based upon historical loss patterns, the number of days that billings are past due and an evaluation of the potential risk of loss associated with delinquent accounts. | |||||||||||||||||
No single customer accounted for more than five percent of accounts receivable at January 31, 2015 and January 31, 2014. No single customer accounted for five percent or more of total revenue during fiscal 2015, 2014 and 2013. | |||||||||||||||||
Geographic Locations | |||||||||||||||||
As of January 31, 2015 and 2014, assets located outside the Americas were 12 percent and 12 percent of total assets, respectively. | |||||||||||||||||
Revenues by geographical region are as follows (in thousands): | |||||||||||||||||
Fiscal Year Ended January 31, | |||||||||||||||||
2015 | 2014 | 2013 | |||||||||||||||
Americas | $ | 3,868,329 | $ | 2,899,837 | $ | 2,123,736 | |||||||||||
Europe | 984,919 | 741,220 | 525,304 | ||||||||||||||
Asia Pacific | 520,338 | 429,946 | 401,155 | ||||||||||||||
$ | 5,373,586 | $ | 4,071,003 | $ | 3,050,195 | ||||||||||||
Americas revenue attributed to the United States was approximately 94 percent, 96 percent and 94 percent in fiscal 2015, 2014 and 2013, respectively. No other country represented more than ten percent of total revenue during fiscal 2015, 2014 or 2013. | |||||||||||||||||
Revenue Recognition | |||||||||||||||||
The Company derives its revenues from two sources: (1) subscription revenues, which are comprised of subscription fees from customers accessing the Company’s enterprise cloud computing services and from customers paying for additional support beyond the standard support that is included in the basic subscription fees; and (2) related professional services such as process mapping, project management, implementation services and other revenue. “Other revenue” consists primarily of training fees. | |||||||||||||||||
The Company commences revenue recognition when all of the following conditions are satisfied: | |||||||||||||||||
• | there is persuasive evidence of an arrangement; | ||||||||||||||||
• | the service has been or is being provided to the customer; | ||||||||||||||||
• | the collection of the fees is reasonably assured; and | ||||||||||||||||
• | the amount of fees to be paid by the customer is fixed or determinable. | ||||||||||||||||
The Company’s subscription service arrangements are non-cancelable and do not contain refund-type provisions. | |||||||||||||||||
Subscription and Support Revenues | |||||||||||||||||
Subscription and support revenues are recognized ratably over the contract terms beginning on the commencement date of each contract, which is the date the Company’s service is made available to customers. | |||||||||||||||||
Amounts that have been invoiced are recorded in accounts receivable and in deferred revenue or revenue, depending on whether the revenue recognition criteria have been met. | |||||||||||||||||
Professional Services and Other Revenues | |||||||||||||||||
The majority of the Company’s professional services contracts are on a time and material basis. When these services are not combined with subscription revenues as a single unit of accounting, as discussed below, these revenues are recognized as the services are rendered for time and material contracts, and when the milestones are achieved and accepted by the customer for fixed price contracts. Training revenues are recognized as the services are performed. | |||||||||||||||||
Multiple Deliverable Arrangements | |||||||||||||||||
The Company enters into arrangements with multiple deliverables that generally include multiple subscriptions, premium support and professional services. If the deliverables have standalone value upon delivery, the Company accounts for each deliverable separately. Subscription services have standalone value as such services are often sold separately. In determining whether professional services have standalone value, the Company considers the following factors for each professional services agreement: availability of the services from other vendors, the nature of the professional services, the timing of when the professional services contract was signed in comparison to the subscription service start date and the contractual dependence of the subscription service on the customer’s satisfaction with the professional services work. To date, the Company has concluded that all of the professional services included in multiple deliverable arrangements executed have standalone value. | |||||||||||||||||
Multiple deliverables included in an arrangement are separated into different units of accounting and the arrangement consideration is allocated to the identified separate units based on a relative selling price hierarchy. The Company determines the relative selling price for a deliverable based on its vendor-specific objective evidence of selling price (“VSOE”), if available, or its best estimate of selling price (“BESP”), if VSOE is not available. The Company has determined that third-party evidence of selling price (“TPE”) is not a practical alternative due to differences in its service offerings compared to other parties and the availability of relevant third-party pricing information. The amount of revenue allocated to delivered items is limited by contingent revenue, if any. | |||||||||||||||||
For certain professional services, the Company has established VSOE as a consistent number of standalone sales of these deliverables have been priced within a reasonably narrow range. The Company has not established VSOE for its subscription services due to lack of pricing consistency, the introduction of new services and other factors. Accordingly, the Company uses its BESP to determine the relative selling price for its subscription services. | |||||||||||||||||
The Company determines BESP by considering its overall pricing objectives and market conditions. Significant pricing practices taken into consideration include the Company’s discounting practices, the size and volume of the Company’s transactions, the customer demographic, the geographic area where services are sold, price lists, its go-to-market strategy, historical standalone sales and contract prices. The determination of BESP is made through consultation with and approval by the Company’s management, taking into consideration the go-to-market strategy. As the Company’s go-to-market strategies evolve, the Company may modify its pricing practices in the future, which could result in changes in relative selling prices, including both VSOE and BESP. | |||||||||||||||||
Deferred Revenue | |||||||||||||||||
The deferred revenue balance does not represent the total contract value of annual or multi-year, non-cancelable subscription agreements. Deferred revenue primarily consists of billings or payments received in advance of revenue recognition from subscription services described above and is recognized as the revenue recognition criteria are met. The Company generally invoices customers in annual installments. The deferred revenue balance is influenced by several factors, including seasonality, the compounding effects of renewals, invoice duration, invoice timing, size and new business linearity within the quarter. | |||||||||||||||||
Deferred revenue that will be recognized during the succeeding twelve month period is recorded as current deferred revenue and the remaining portion is recorded as noncurrent. | |||||||||||||||||
Deferred Commissions | |||||||||||||||||
Deferred commissions are the incremental costs that are directly associated with non-cancelable subscription contracts with customers and consist of sales commissions paid to the Company’s direct sales force. | |||||||||||||||||
The commissions are deferred and amortized over the non-cancelable terms of the related customer contracts, which are typically 12 to 36 months. The commission payments are paid in full the month after the customer’s service commences. The deferred commission amounts are recoverable through the future revenue streams under the non-cancelable customer contracts. The Company believes this is the preferable method of accounting as the commission charges are so closely related to the revenue from the non-cancelable customer contracts that they should be recorded as an asset and charged to expense over the same period that the subscription revenue is recognized. Amortization of deferred commissions is included in marketing and sales expense in the accompanying consolidated statements of operations. | |||||||||||||||||
Cash and Cash Equivalents | |||||||||||||||||
The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash and cash equivalents are stated at fair value. | |||||||||||||||||
Marketable Securities | |||||||||||||||||
Management determines the appropriate classification of marketable securities at the time of purchase and reevaluates such determination at each balance sheet date. Securities are classified as available for sale and are carried at fair value, with the change in unrealized gains and losses, net of tax, reported as a separate component on the consolidated statements of comprehensive loss. Fair value is determined based on quoted market rates when observable or utilizing data points that are observable, such as quoted prices, interest rates and yield curves. Declines in fair value judged to be other-than-temporary on securities available for sale are included as a component of investment income. In order to determine whether a decline in value is other-than-temporary, the Company evaluates, among other factors: the duration and extent to which the fair value has been less than the carrying value and its intent and ability to retain the investment for a period of time sufficient to allow for any anticipated recovery in fair value. The cost of securities sold is based on the specific-identification method. Interest on securities classified as available for sale is also included as a component of investment income. | |||||||||||||||||
Fair Value Measurement | |||||||||||||||||
The Company measures its cash equivalents, marketable securities and foreign currency derivative contracts at fair value. | |||||||||||||||||
The additional disclosures regarding the Company’s fair value measurements are included in Note 2 “Investments”. | |||||||||||||||||
Property and Equipment | |||||||||||||||||
Property and equipment are stated at cost. Depreciation is calculated on a straight-line basis over the estimated useful lives of those assets as follows: | |||||||||||||||||
Computer, equipment and software | 3 to 9 years | ||||||||||||||||
Furniture and fixtures | 5 years | ||||||||||||||||
Leasehold improvements | Shorter of the estimated lease term or 10 years | ||||||||||||||||
Building improvements | Amortized over the estimated useful lives of the respective assets when they are ready for their intended use | ||||||||||||||||
When assets are retired or otherwise disposed of, the cost and accumulated depreciation and amortization are removed from their respective accounts and any loss on such retirement is reflected in operating expenses. | |||||||||||||||||
Capitalized Internal-Use Software Costs | |||||||||||||||||
The Company capitalizes costs related to its enterprise cloud computing services and certain projects for internal use incurred during the application development stage. Costs related to preliminary project activities and post implementation activities are expensed as incurred. Internal-use software is amortized on a straight-line basis over its estimated useful life, which is generally three to five years. Management evaluates the useful lives of these assets on an annual basis and tests for impairment whenever events or changes in circumstances occur that could impact the recoverability of these assets. | |||||||||||||||||
Goodwill, Intangible Assets, Long-Lived Assets and Impairment Assessments | |||||||||||||||||
The Company evaluates and tests the recoverability of its goodwill for impairment at least annually during the fourth quarter or more often if and when circumstances indicate that goodwill may not be recoverable. | |||||||||||||||||
Intangible assets are amortized over their useful lives. Each period the Company evaluates the estimated remaining useful life of its intangible assets and whether events or changes in circumstances warrant a revision to the remaining period of amortization. The carrying amounts of these assets are periodically reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of these assets may not be recoverable. Recoverability of these assets is measured by comparison of the carrying amount of each asset to the future undiscounted cash flows the asset is expected to generate. If the undiscounted cash flows used in the test for recoverability are less than the carrying amount of these assets, then the carrying amount of such assets is reduced to fair value. | |||||||||||||||||
The Company evaluates the recoverability of its long-lived assets for possible impairment whenever events or circumstances indicate that the carrying amount of such assets may not be recoverable. If such review indicates that the carrying amount of long-lived assets is not recoverable, the carrying amount of such assets is reduced to fair value. | |||||||||||||||||
Business Combinations | |||||||||||||||||
The Company uses its best estimates and assumptions to accurately assign fair value to the tangible and intangible assets acquired and liabilities assumed at the acquisition date. The Company’s estimates are inherently uncertain and subject to refinement. During the measurement period, which may be up to one year from the acquisition date, the Company may record adjustments to the fair value of these tangible and intangible assets acquired and liabilities assumed, with the corresponding offset to goodwill. In addition, uncertain tax positions and tax-related valuation allowances are initially established in connection with a business combination as of the acquisition date. The Company continues to collect information and reevaluates these estimates and assumptions quarterly and records any adjustments to the Company’s preliminary estimates to goodwill provided that the Company is within the measurement period. Upon the conclusion of the measurement period or final determination of the fair value of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the Company’s consolidated statements of operations. | |||||||||||||||||
Leases and Asset Retirement Obligations | |||||||||||||||||
The Company categorizes leases at their inception as either operating or capital leases. In certain lease agreements, the Company may receive rent holidays and other incentives. The Company recognizes lease costs on a straight-line basis once control of the space is achieved, without regard to deferred payment terms such as rent holidays that defer the commencement date of required payments. Additionally, incentives received are treated as a reduction of costs over the term of the agreement. | |||||||||||||||||
The Company establishes assets and liabilities for the present value of estimated future costs to retire long-lived assets at the termination or expiration of a lease. Such assets are depreciated over the lease period into operating expense, and the recorded liabilities are accreted to the future value of the estimated retirement costs. | |||||||||||||||||
The Company records assets and liabilities for the estimated construction costs incurred under build-to-suit lease arrangements to the extent it is involved in the construction of structural improvements or takes construction risk prior to commencement of a lease. | |||||||||||||||||
Accounting for Stock-Based Expense | |||||||||||||||||
The Company recognizes stock-based expenses related to stock options and restricted stock awards on a straight-line basis over the requisite service period of the awards, which is generally the vesting term of four years. The Company recognizes stock-based expenses related to shares issued pursuant to its 2004 Employee Stock Purchase Plan (“ESPP”) on a straight-line basis over the offering period, which is 12 months. Stock-based expenses are recognized net of estimated forfeiture activity. The estimated forfeiture rate applied is based on historical forfeiture rates. The Company does not anticipate paying any cash dividends in the foreseeable future and therefore uses an expected dividend yield of zero in the option pricing model. | |||||||||||||||||
The fair value of each stock option grant was estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions and fair value per share: | |||||||||||||||||
Fiscal Year Ended January 31, | |||||||||||||||||
Stock Options | 2015 | 2014 | 2013 | ||||||||||||||
Volatility | 37 | % | 37-43 | % | 43 - 51 | % | |||||||||||
Estimated life | 3.6 years | 3.4 years | 3.7 years | ||||||||||||||
Risk-free interest rate | 1.12-1.53 | % | 0.48-1.21 | % | 0.43-0.77 | % | |||||||||||
Weighted-average fair value per share of grants | $ | 17.2 | $ | 14.08 | $ | 12.94 | |||||||||||
Fiscal Year Ended January 31, | |||||||||||||||||
ESPP | 2015 | 2014 | 2013 | ||||||||||||||
Volatility | 32-35 | % | 31-35 | % | 39 - 46 | % | |||||||||||
Estimated life | 0.75 years | 0.75 years | 0.75 years | ||||||||||||||
Risk-free interest rate | 0.07-0.23 | % | 0.07-0.10 | % | 0.03-0.22 | % | |||||||||||
Weighted-average fair value per share of grants | $ | 14.56 | $ | 10.3 | $ | 11.39 | |||||||||||
The Company estimated its future stock price volatility considering both its observed option-implied volatilities and its historical volatility calculations. Management believes this is the best estimate of the expected volatility over the expected life of its stock options and stock purchase rights. | |||||||||||||||||
The estimated life for the stock options was based on an analysis of historical exercise activity. The estimated life of the ESPP was based on the two purchase periods within each offering period. The risk-free interest rate is based on the rate for a U.S. government security with the same estimated life at the time of the option grant and the stock purchase rights. | |||||||||||||||||
Advertising Expenses | |||||||||||||||||
Advertising is expensed as incurred. Advertising expense was $203.6 million, $155.8 million and $110.7 million for fiscal 2015, 2014 and 2013, respectively. | |||||||||||||||||
Income Taxes | |||||||||||||||||
The Company uses the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are determined based on temporary differences between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect on deferred tax assets and liabilities of a change in tax laws is recognized in the consolidated statement of operations in the period that includes the enactment date. | |||||||||||||||||
The Company’s tax positions are subject to income tax audits by multiple tax jurisdictions throughout the world. The Company recognizes the tax benefit of an uncertain tax position only if it is more likely than not that the position is sustainable upon examination by the taxing authority, solely based on its technical merits. The tax benefit recognized is measured as the largest amount of benefit which is greater than 50 percent likely to be realized upon settlement with the taxing authority. The Company recognizes interest accrued and penalties related to unrecognized tax benefits in the income tax provision. | |||||||||||||||||
Valuation allowances are established when necessary to reduce deferred tax assets to the amounts that are more likely than not expected to be realized based on the weighting of positive and negative evidence. Future realization of deferred tax assets ultimately depends on the existence of sufficient taxable income of the appropriate character (for example, ordinary income or capital gain) within the carryback or carryforward periods available under the applicable tax law. The Company regularly reviews the deferred tax assets for recoverability based on historical taxable income, projected future taxable income, the expected timing of the reversals of existing temporary differences and tax planning strategies. The Company’s judgments regarding future profitability may change due to many factors, including future market conditions and the ability to successfully execute its business plans and/or tax planning strategies. Should there be a change in the ability to recover deferred tax assets, the tax provision would increase or decrease in the period in which the assessment is changed. | |||||||||||||||||
Foreign Currency Translation | |||||||||||||||||
The functional currency of the Company’s major foreign subsidiaries is generally the local currency. Adjustments resulting from translating foreign functional currency financial statements into U.S. dollars are recorded as a separate component on the consolidated statements of comprehensive loss. Foreign currency transaction gains and losses are included in net loss for the period. All assets and liabilities denominated in a foreign currency are translated into U.S. dollars at the exchange rate on the balance sheet date. Revenues and expenses are translated at the average exchange rate during the period. Equity transactions are translated using historical exchange rates. | |||||||||||||||||
Warranties and Indemnification | |||||||||||||||||
The Company’s enterprise cloud computing services are typically warranted to perform in a manner consistent with general industry standards that are reasonably applicable and materially in accordance with the Company’s online help documentation under normal use and circumstances. | |||||||||||||||||
The Company’s arrangements generally include certain provisions for indemnifying customers against liabilities if its products or services infringe a third party’s intellectual property rights. To date, the Company has not incurred any material costs as a result of such obligations and has not accrued any liabilities related to such obligations in the accompanying consolidated financial statements. | |||||||||||||||||
The Company has also agreed to indemnify its directors and executive officers for costs associated with any fees, expenses, judgments, fines and settlement amounts incurred by any of these persons in any action or proceeding to which any of those persons is, or is threatened to be, made a party by reason of the person’s service as a director or officer, including any action by the Company, arising out of that person’s services as the Company’s director or officer or that person’s services provided to any other company or enterprise at the Company’s request. The Company maintains director and officer insurance coverage that would generally enable the Company to recover a portion of any future amounts paid. The Company may also be subject to indemnification obligations by law with respect to the actions of its employees under certain circumstances and in certain jurisdictions. | |||||||||||||||||
New Accounting Pronouncement | |||||||||||||||||
In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”) which amended the existing FASB Accounting Standards Codification. This standard establishes a principle for recognizing revenue upon the transfer of promised goods or services to customers, in an amount that reflects the expected consideration received in exchange for those goods or services. The standard also provides guidance on the recognition of costs related to obtaining and fulfilling customer contracts. ASU 2014-09 is effective for fiscal 2018, including interim periods within that reporting period. Early adoption is not permitted. The Company is currently in the process of assessing the adoption methodology, which allows the amendment to be applied retrospectively to each prior period presented, or with the cumulative effect recognized as of the date of initial application. The Company is also evaluating the impact of the adoption of ASU 2014-09 on its consolidated financial statements and has not determined whether the effect will be material to either its revenue results or its deferred commissions balances. | |||||||||||||||||
Reclassifications | |||||||||||||||||
Certain reclassifications to the fiscal 2014 balances were made to conform to the current period presentation in the Statement of Cash Flows. These reclassifications include loss on conversions and amortization of debt discount. |
Investments
Investments | 12 Months Ended | |||||||||||||||||||||||
Jan. 31, 2015 | ||||||||||||||||||||||||
Investments Schedule [Abstract] | ||||||||||||||||||||||||
Investments | Investments | |||||||||||||||||||||||
Marketable Securities | ||||||||||||||||||||||||
At January 31, 2015, marketable securities consisted of the following (in thousands): | ||||||||||||||||||||||||
Investments classified as Marketable Securities | Amortized | Unrealized | Unrealized | Fair Value | ||||||||||||||||||||
Cost | Gains | Losses | ||||||||||||||||||||||
Corporate notes and obligations | $ | 605,724 | $ | 3,031 | $ | (481 | ) | $ | 608,274 | |||||||||||||||
U.S. treasury securities | 73,226 | 257 | (1 | ) | 73,482 | |||||||||||||||||||
Mortgage backed obligations | 44,181 | 159 | (415 | ) | 43,925 | |||||||||||||||||||
Asset backed securities | 120,049 | 131 | (43 | ) | 120,137 | |||||||||||||||||||
Municipal securities | 36,447 | 115 | (25 | ) | 36,537 | |||||||||||||||||||
Foreign government obligations | 12,023 | 278 | 0 | 12,301 | ||||||||||||||||||||
U.S. agency obligations | 19,488 | 26 | (4 | ) | 19,510 | |||||||||||||||||||
Covered bonds | 66,816 | 1,185 | 0 | 68,001 | ||||||||||||||||||||
Total marketable securities | $ | 977,954 | $ | 5,182 | $ | (969 | ) | $ | 982,167 | |||||||||||||||
At January 31, 2014, marketable securities consisted of the following (in thousands): | ||||||||||||||||||||||||
Investments classified as Marketable Securities | Amortized | Unrealized | Unrealized | Fair Value | ||||||||||||||||||||
Cost | Gains | Losses | ||||||||||||||||||||||
Corporate notes and obligations | $ | 340,706 | $ | 1,314 | $ | (170 | ) | $ | 341,850 | |||||||||||||||
U.S. treasury securities | 16,016 | 28 | 0 | 16,044 | ||||||||||||||||||||
Mortgage backed obligations | 24,888 | 281 | (93 | ) | 25,076 | |||||||||||||||||||
Asset backed securities | 38,213 | 39 | (35 | ) | 38,217 | |||||||||||||||||||
Municipal securities | 2,000 | 1 | (3 | ) | 1,998 | |||||||||||||||||||
Foreign government obligations | 24,305 | 171 | (2 | ) | 24,474 | |||||||||||||||||||
U.S. agency obligations | 14,726 | 9 | (10 | ) | 14,725 | |||||||||||||||||||
Covered bonds | 76,282 | 717 | (1 | ) | 76,998 | |||||||||||||||||||
Total marketable securities | $ | 537,136 | $ | 2,560 | $ | (314 | ) | $ | 539,382 | |||||||||||||||
The duration of the investments classified as marketable securities is as follows (in thousands): | ||||||||||||||||||||||||
As of | ||||||||||||||||||||||||
January 31, | January 31, | |||||||||||||||||||||||
2015 | 2014 | |||||||||||||||||||||||
Recorded as follows: | ||||||||||||||||||||||||
Short-term (due in one year or less) | $ | 87,312 | $ | 57,139 | ||||||||||||||||||||
Long-term (due after one year) | 894,855 | 482,243 | ||||||||||||||||||||||
$ | 982,167 | $ | 539,382 | |||||||||||||||||||||
As of January 31, 2015, the following marketable securities were in an unrealized loss position (in thousands): | ||||||||||||||||||||||||
Less than 12 Months | 12 Months or Greater | Total | ||||||||||||||||||||||
Fair Value | Unrealized | Fair Value | Unrealized | Fair Value | Unrealized | |||||||||||||||||||
Losses | Losses | Losses | ||||||||||||||||||||||
Corporate notes and obligations | $ | 185,716 | $ | (468 | ) | $ | 2,650 | $ | (13 | ) | $ | 188,366 | $ | (481 | ) | |||||||||
U.S. treasury securities | 3,005 | (1 | ) | 0 | 0 | 3,005 | (1 | ) | ||||||||||||||||
Mortgage backed obligations | 30,853 | (397 | ) | 1,461 | (18 | ) | 32,314 | (415 | ) | |||||||||||||||
Asset backed securities | 52,796 | (39 | ) | 1,633 | (4 | ) | 54,429 | (43 | ) | |||||||||||||||
Municipal securities | 10,552 | (24 | ) | 999 | (1 | ) | 11,551 | (25 | ) | |||||||||||||||
U.S. agency obligations | 1,996 | (4 | ) | 0 | 0 | 1,996 | (4 | ) | ||||||||||||||||
$ | 284,918 | $ | (933 | ) | $ | 6,743 | $ | (36 | ) | $ | 291,661 | $ | (969 | ) | ||||||||||
The unrealized loss for each of these fixed rate marketable securities were less than $100,000. The Company does not believe any of the unrealized losses represent an other-than-temporary impairment based on its evaluation of available evidence as of January 31, 2015. The Company expects to receive the full principal and interest on all of these marketable securities. | ||||||||||||||||||||||||
Fair Value Measurement | ||||||||||||||||||||||||
All of the Company’s cash equivalents, marketable securities and foreign currency derivative contracts are classified within Level 1 or Level 2 because the Company’s cash equivalents, marketable securities and foreign currency derivative contracts are valued using quoted market prices or alternative pricing sources and models utilizing observable market inputs. The Company's restricted cash balance of $115.0 million at January 31, 2015 was held in a money market account and is not included in the following table. | ||||||||||||||||||||||||
The Company uses a three-tier fair value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value: | ||||||||||||||||||||||||
Level 1. Quoted prices (unadjusted) in active markets for identical assets or liabilities. | ||||||||||||||||||||||||
Level 2. Other inputs that are directly or indirectly observable in the marketplace. | ||||||||||||||||||||||||
Level 3. Unobservable inputs which are supported by little or no market activity. | ||||||||||||||||||||||||
The following table presents information about the Company’s assets and liabilities that are measured at fair value as of January 31, 2015 and indicates the fair value hierarchy of the valuation (in thousands): | ||||||||||||||||||||||||
Description | Quoted Prices in | Significant Other | Significant | Balances as of | ||||||||||||||||||||
Active Markets | Observable | Unobservable | 31-Jan-15 | |||||||||||||||||||||
for Identical Assets | Inputs | Inputs | ||||||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | ||||||||||||||||||||||
Cash equivalents (1): | ||||||||||||||||||||||||
Time deposits | $ | 0 | $ | 292,487 | $ | 0 | $ | 292,487 | ||||||||||||||||
Money market mutual funds | 13,983 | 0 | 0 | 13,983 | ||||||||||||||||||||
Marketable securities: | ||||||||||||||||||||||||
Corporate notes and obligations | 0 | 608,274 | 0 | 608,274 | ||||||||||||||||||||
U.S. treasury securities | 0 | 73,482 | 0 | 73,482 | ||||||||||||||||||||
Mortgage backed obligations | 0 | 43,925 | 0 | 43,925 | ||||||||||||||||||||
Asset backed securities | 0 | 120,137 | 0 | 120,137 | ||||||||||||||||||||
Municipal securities | 0 | 36,537 | 0 | 36,537 | ||||||||||||||||||||
Foreign government obligations | 0 | 12,301 | 0 | 12,301 | ||||||||||||||||||||
U.S. agency obligations | 0 | 19,510 | 0 | 19,510 | ||||||||||||||||||||
Covered bonds | 0 | 68,001 | 0 | 68,001 | ||||||||||||||||||||
Foreign currency derivative contracts (2) | 0 | 10,611 | 0 | 10,611 | ||||||||||||||||||||
Total Assets | $ | 13,983 | $ | 1,285,265 | $ | 0 | $ | 1,299,248 | ||||||||||||||||
Liabilities | ||||||||||||||||||||||||
Foreign currency derivative contracts (3) | $ | 0 | $ | 5,694 | $ | 0 | $ | 5,694 | ||||||||||||||||
Total Liabilities | $ | 0 | $ | 5,694 | $ | 0 | $ | 5,694 | ||||||||||||||||
_____________ | ||||||||||||||||||||||||
(1)Included in “cash and cash equivalents” in the accompanying consolidated balance sheet as of January 31, 2015, in addition to $601.6 million of cash. | ||||||||||||||||||||||||
(2)Included in “prepaid expenses and other current assets” in the accompanying consolidated balance sheet as of January 31, 2015. | ||||||||||||||||||||||||
(3)Included in “accounts payable, accrued expenses and other liabilities” in the consolidated balance sheet as of January 31, 2015. | ||||||||||||||||||||||||
The following table presents information about the Company’s assets and liabilities that are measured at fair value as of January 31, 2014 and indicates the fair value hierarchy of the valuation (in thousands): | ||||||||||||||||||||||||
Description | Quoted Prices in | Significant Other | Significant | Balances as of | ||||||||||||||||||||
Active Markets | Observable Inputs (Level 2) | Unobservable | January 31, 2014 | |||||||||||||||||||||
for Identical Assets | Inputs | |||||||||||||||||||||||
(Level 1) | (Level 3) | |||||||||||||||||||||||
Cash equivalents (1): | ||||||||||||||||||||||||
Time deposits | $ | 0 | $ | 212,700 | $ | 0 | $ | 212,700 | ||||||||||||||||
Money market mutual funds | 87,898 | 0 | 0 | 87,898 | ||||||||||||||||||||
Marketable securities: | ||||||||||||||||||||||||
Corporate notes and obligations | 0 | 341,850 | 0 | 341,850 | ||||||||||||||||||||
U.S. treasury securities | 0 | 16,044 | 0 | 16,044 | ||||||||||||||||||||
Mortgage backed obligations | 0 | 25,076 | 0 | 25,076 | ||||||||||||||||||||
Asset backed securities | 0 | 38,217 | 0 | 38,217 | ||||||||||||||||||||
Municipal securities | 0 | 1,998 | 0 | 1,998 | ||||||||||||||||||||
Foreign government obligations | 0 | 24,474 | 0 | 24,474 | ||||||||||||||||||||
U.S. agency obligations | 0 | 14,725 | 0 | 14,725 | ||||||||||||||||||||
Covered bonds | 0 | 76,998 | 0 | 76,998 | ||||||||||||||||||||
Foreign currency derivative contracts (2) | 0 | 1,598 | 0 | 1,598 | ||||||||||||||||||||
Total Assets | $ | 87,898 | $ | 753,680 | $ | 0 | $ | 841,578 | ||||||||||||||||
Liabilities | ||||||||||||||||||||||||
Foreign currency derivative contracts (3) | $ | 0 | $ | 1,801 | $ | 0 | $ | 1,801 | ||||||||||||||||
Total Liabilities | $ | 0 | $ | 1,801 | $ | 0 | $ | 1,801 | ||||||||||||||||
______________ | ||||||||||||||||||||||||
(1)Included in “cash and cash equivalents” in the accompanying consolidated balance sheet as of January 31, 2014, in addition to $481.0 million of cash. | ||||||||||||||||||||||||
(2)Included in “prepaid expenses and other current assets” in the accompanying consolidated balance sheet as of January 31, 2014. | ||||||||||||||||||||||||
(3)Included in “accounts payable, accrued expenses and other liabilities” in the accompanying consolidated balance sheet as of January 31, 2014. | ||||||||||||||||||||||||
Derivative Financial Instruments | ||||||||||||||||||||||||
The Company enters into foreign currency derivative contracts with financial institutions to reduce the risk that its cash flows and earnings will be adversely affected by foreign currency exchange rate fluctuations. The Company uses forward currency derivative contracts to minimize the Company’s exposure to balances primarily denominated in Euros, Japanese yen, Canadian dollars, Australian dollars and British pounds. The Company’s foreign currency derivative contracts, which are not designated as hedging instruments, are used to reduce the exchange rate risk associated primarily with intercompany receivables and payables. The Company’s derivative financial instruments program is not designated for trading or speculative purposes. As of January 31, 2015 and 2014, the foreign currency derivative contracts that were not settled were recorded at fair value on the consolidated balance sheets. | ||||||||||||||||||||||||
Foreign currency derivative contracts are marked-to-market at the end of each reporting period with gains and losses recognized as other expense to offset the gains or losses resulting from the settlement or remeasurement of the underlying foreign currency denominated receivables and payables. While the contract or notional amount is often used to express the volume of foreign currency derivative contracts, the amounts potentially subject to credit risk are generally limited to the amounts, if any, by which the counterparties’ obligations under the agreements exceed the obligations of the Company to the counterparties. | ||||||||||||||||||||||||
Details on outstanding foreign currency derivative contracts related primarily to intercompany receivables and payables are presented below (in thousands): | ||||||||||||||||||||||||
As of January 31, | ||||||||||||||||||||||||
2015 | 2014 | |||||||||||||||||||||||
Notional amount of foreign currency derivative contracts | $ | 942,086 | $ | 563,060 | ||||||||||||||||||||
Fair value of foreign currency derivative contracts | $ | 4,917 | $ | (203 | ) | |||||||||||||||||||
The fair value of the Company’s outstanding derivative instruments are summarized below (in thousands): | ||||||||||||||||||||||||
Fair Value of Derivative Instruments | ||||||||||||||||||||||||
As of January 31, | ||||||||||||||||||||||||
Balance Sheet Location | 2015 | 2014 | ||||||||||||||||||||||
Derivative Assets | ||||||||||||||||||||||||
Derivatives not designated as hedging instruments: | ||||||||||||||||||||||||
Foreign currency derivative contracts | Prepaid expenses and other current assets | $ | 10,611 | $ | 1,598 | |||||||||||||||||||
Derivative Liabilities | ||||||||||||||||||||||||
Derivatives not designated as hedging instruments: | ||||||||||||||||||||||||
Foreign currency derivative contracts | Accounts payable, accrued expenses and other liabilities | $ | 5,694 | $ | 1,801 | |||||||||||||||||||
The effect of the derivative instruments not designated as hedging instruments on the consolidated statements of operations during fiscal 2015, 2014 and 2013, respectively, are summarized below (in thousands): | ||||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | Gains (Losses) on Derivative Instruments | |||||||||||||||||||||||
Recognized in Income | ||||||||||||||||||||||||
Fiscal Year Ended January 31, | ||||||||||||||||||||||||
Location | 2015 | 2014 | 2013 | |||||||||||||||||||||
Foreign currency derivative contracts | Other income (expense) | $ | (1,186 | ) | $ | 108 | $ | 16,591 | ||||||||||||||||
Strategic Investments | ||||||||||||||||||||||||
As of January 31, 2015, the Company has four investments in marketable equity securities measured using quoted prices in their respective active markets and certain interests in non-marketable equity and debt securities that are collectively considered strategic investments. As of January 31, 2015, the fair value of the Company’s marketable equity securities of $17.8 million includes an unrealized gain of $13.1 million. As of January 31, 2014, the Company had three investments in marketable equity securities that had a fair value of $15.5 million, which included an unrealized gain of $13.3 million. These investments are recorded at fair value in other assets, net on the consolidated balance sheets. | ||||||||||||||||||||||||
The Company’s interest in non-marketable equity and debt securities consists of noncontrolling equity and debt investments in privately-held companies. The Company’s investments in these privately-held companies are reported at cost or marked down to fair value when an event or circumstance indicates an other-than-temporary decline in value has occurred. These investments are valued using significant unobservable inputs or data in an inactive market and the valuation requires the Company’s judgment due to the absence of market prices and inherent lack of liquidity. | ||||||||||||||||||||||||
As of January 31, 2015 and 2014, the carrying value of the Company’s investments in privately-held companies was $158.0 million and $77.0 million, respectively. These investments are recorded in other assets, net on the consolidated balance sheets. The estimated fair value of the Company's investments in privately-held companies was $280.0 million as of January 31, 2015. | ||||||||||||||||||||||||
Investment Income | ||||||||||||||||||||||||
Investment income consists of interest income, realized gains, and realized losses on the Company’s cash, cash equivalents and marketable securities. The components of investment income are presented below (in thousands): | ||||||||||||||||||||||||
Fiscal Year Ended January 31, | ||||||||||||||||||||||||
2015 | 2014 | 2013 | ||||||||||||||||||||||
Interest income | $ | 10,129 | $ | 9,512 | $ | 17,903 | ||||||||||||||||||
Realized gains | 517 | 5,952 | 5,007 | |||||||||||||||||||||
Realized losses | (608 | ) | (5,246 | ) | (3,348 | ) | ||||||||||||||||||
Total investment income | $ | 10,038 | $ | 10,218 | $ | 19,562 | ||||||||||||||||||
Reclassification adjustments out of accumulated other comprehensive loss into net income (loss) were immaterial for fiscal 2015, 2014 and 2013, respectively. |
Property_and_Equipment
Property and Equipment | 12 Months Ended | |||||||
Jan. 31, 2015 | ||||||||
Property, Plant and Equipment [Abstract] | ||||||||
Property and Equipment | Property and Equipment | |||||||
Property and equipment consisted of the following (in thousands): | ||||||||
As of January 31, | ||||||||
2015 | 2014 | |||||||
Land and building improvements | $ | 0 | $ | 297,835 | ||||
Computers, equipment and software | 1,171,762 | 931,171 | ||||||
Furniture and fixtures | 71,881 | 58,956 | ||||||
Leasehold improvements | 376,761 | 296,390 | ||||||
Building in progress—leased facility | 125,289 | 40,171 | ||||||
1,745,693 | 1,624,523 | |||||||
Less accumulated depreciation and amortization | (619,827 | ) | (383,777 | ) | ||||
$ | 1,125,866 | $ | 1,240,746 | |||||
Depreciation and amortization expense totaled $246.6 million, $185.9 million and $101.1 million during fiscal 2015, 2014 and 2013, respectively. | ||||||||
Computers, equipment and software at January 31, 2015 and 2014 included a total of $734.7 million and $612.0 million acquired under capital lease agreements, respectively. Accumulated amortization relating to computers, equipment and software under capital leases totaled $206.7 million and $109.1 million, respectively, at January 31, 2015 and 2014. Amortization of assets under capital leases is included in depreciation and amortization expense. | ||||||||
In November 2010, the Company purchased approximately 14 net acres of undeveloped real estate in San Francisco, California, including entitlements and improvements associated with the land. In addition to the amounts reflected in the table above, the Company recorded $23.3 million in purchased intangible assets related to perpetual parking rights associated with an existing parking garage situated on the land. The Company capitalized pre-construction activities related to the development of the land, including interest costs and property taxes since the November 2010 purchase. During the first quarter of fiscal 2013, the Company suspended pre-construction activity. | ||||||||
In April 2014, the Company entered into an agreement to sell 8.8 net acres of the undeveloped real estate and a portion of the perpetual parking rights, for which the Company received a nonrefundable deposit in the amount of $30.0 million. As of January 31, 2015, these 8.8 net acres and perpetual parking rights met the criteria to be classified as held for sale. As a result, the Company classified this portion of the Company's land and building improvements, which totaled $137.7 million, and the perpetual parking rights of $5.5 million, as held for sale on the accompanying consolidated balance sheet. The sale of this portion of the Company's undeveloped real estate is expected to close within twelve months and is subject to certain closing conditions. As of January 31, 2015, the fair value of the Company's land, building improvements and perpetual parking rights, based on the expected sale proceeds, exceeds the carrying value. | ||||||||
In August 2014, the Company sold approximately 3.7 net acres of its undeveloped real estate, which had been classified as held for sale, for a total of $72.5 million. The Company recognized a gain of $7.8 million, net of closing costs, on the sale of this portion of the Company’s land and building improvements. | ||||||||
Separately, in September 2014, the Company sold the approximately 1.5 net acres of its remaining undeveloped real estate, which had been classified as held for sale, and the remaining portion of the perpetual parking rights, for a total of $125.0 million. The Company recognized a gain of $7.8 million, net of closing costs, on the sale of this portion of the Company’s land, building improvements and perpetual parking rights. | ||||||||
In November 2014, the Company entered into an agreement to purchase real property of approximately 817,000 rentable square feet known as 50 Fremont Street, San Francisco, California for approximately $640.0 million. The Company deposited $114.9 million of the proceeds from the sale of the undeveloped real estate described above into a like-kind exchange account for purposes of purchasing the real property. This deposit is classified as restricted cash on the consolidated balance sheet as of January 31, 2015. The purchase closed in February 2015 (see Note 14 “Subsequent Event” for details). | ||||||||
In December 2012, the Company entered into a lease agreement for approximately 445,000 rentable square feet of office space at 350 Mission Street in San Francisco, California. The space rented is for the total office space available in the building, which is in the process of being constructed. As a result of the Company’s involvement during the construction period, the Company is considered for accounting purposes to be the owner of the construction project. As of January 31, 2015, the Company had capitalized $125.3 million of construction costs, based on the construction costs incurred to date by the landlord, and recorded a corresponding noncurrent financing obligation liability of $125.3 million. As of January 31, 2014, the Company had capitalized $40.2 million of construction costs, based on the construction costs incurred to date by the landlord, and recorded a corresponding noncurrent financing obligation liability of $40.2 million. The total expected financing obligation associated with this lease upon completion of the construction of the building, inclusive of the amounts currently recorded, is $335.8 million, including interest (see Note 10 “Commitments” for future commitment details). The obligation will be settled through monthly lease payments to the landlord once the office space is ready for occupancy. | ||||||||
There was no impairment of long-lived assets during fiscal 2015, 2014 or 2013. |
Business_Combinations
Business Combinations | 12 Months Ended | ||||||||||||||
Jan. 31, 2015 | |||||||||||||||
Business Combinations [Abstract] | |||||||||||||||
Business Combinations | Business Combinations | ||||||||||||||
RelateIQ, Inc. | |||||||||||||||
On August 1, 2014, the Company acquired the outstanding stock of RelateIQ, Inc. (“RelateIQ”), a relationship intelligence platform company that uses data science and machine learning to automatically capture data from email, calendars and smartphone calls and provide data science-driven insights in real time. The Company acquired RelateIQ for the assembled workforce and expected synergies with the Company’s current offerings. The Company has included the financial results of RelateIQ in the consolidated financial statements from the date of acquisition, which have not been material to date. The acquisition date fair value of the consideration transferred for RelateIQ was approximately $340.2 million, which consisted of the following (in thousands, except share data): | |||||||||||||||
Fair Value | |||||||||||||||
Cash | $ | 1,123 | |||||||||||||
Common stock (6,320,735 shares) | 338,033 | ||||||||||||||
Fair value of stock options and restricted stock awards assumed | 1,050 | ||||||||||||||
Total | $ | 340,206 | |||||||||||||
The fair value of the stock options assumed by the Company was determined using the Black-Scholes option pricing model. The share conversion ratio of 0.12 was applied to convert RelateIQ’s outstanding equity awards for RelateIQ’s common stock into equity awards for shares of the Company’s common stock. | |||||||||||||||
The following table summarizes the estimated fair values of assets acquired and liabilities assumed as of the date of acquisition (in thousands): | |||||||||||||||
Fair Value | |||||||||||||||
Cash | $ | 39,194 | |||||||||||||
Intangible assets | 16,200 | ||||||||||||||
Goodwill | 289,857 | ||||||||||||||
Current and noncurrent liabilities | (4,700 | ) | |||||||||||||
Deferred tax liability | (345 | ) | |||||||||||||
Net assets acquired | $ | 340,206 | |||||||||||||
The excess of purchase consideration over the fair value of net tangible and identifiable intangible assets acquired was recorded as goodwill. The fair values assigned to tangible assets acquired, liabilities assumed and identifiable intangible assets are based on management’s estimates and assumptions. | |||||||||||||||
The following table sets forth the components of identifiable intangible assets acquired (in thousands) and their estimated useful lives as of the date of acquisition: | |||||||||||||||
Fair Value | Useful Life | ||||||||||||||
Developed technology | $ | 14,470 | 7 years | ||||||||||||
Customer relationships and other purchased intangible assets | 1,730 | 1-3 years | |||||||||||||
Total | $ | 16,200 | |||||||||||||
The amount recorded for developed technology represents the estimated fair value of RelateIQ’s relationship intelligence technology. The amount recorded for customer relationships represent the fair values of the underlying relationships with RelateIQ customers. The goodwill balance is primarily attributed to the assembled workforce and expanded market opportunities when integrating RelateIQ’s relationship intelligence technology with the Company’s other offerings. The goodwill balance is not deductible for U.S. income tax purposes. | |||||||||||||||
The Company assumed unvested equity awards for shares of RelateIQ’s common stock with a fair value of $33.9 million. Of the total consideration, $1.1 million was allocated to the purchase consideration and $32.8 million was allocated to future services and will be expensed over the remaining service periods on a straight-line basis. | |||||||||||||||
Fiscal Year 2014 | |||||||||||||||
ExactTarget | |||||||||||||||
On July 12, 2013, the Company acquired for cash the outstanding stock of ExactTarget, a leading global provider of cross-channel, digital marketing solutions that empower organizations of all sizes to communicate with their customers through the digital channels they use most. The Company acquired ExactTarget to, among other things, create a world-class marketing platform across the channels of email, social, mobile and the web. The Company has included the financial results of ExactTarget in the consolidated financial statements from the date of acquisition. The acquisition date fair value of the consideration transferred for ExactTarget was approximately $2.6 billion, including the proceeds from the Term Loan of $300.0 million (see Note 5 “Debt”), which consisted of the following (in thousands): | |||||||||||||||
Fair value | |||||||||||||||
Cash | $ | 2,567,098 | |||||||||||||
Fair value of equity awards assumed | 17,428 | ||||||||||||||
Total | $ | 2,584,526 | |||||||||||||
The estimated fair value of the stock options assumed by the Company was determined using the Black-Scholes option pricing model. The share conversion ratio of 0.84 was applied to convert ExactTarget’s outstanding equity awards for ExactTarget’s common stock into equity awards for shares of the Company’s common stock. | |||||||||||||||
The following table summarizes the estimated fair values of assets acquired and liabilities assumed as of the date of acquisition (in thousands): | |||||||||||||||
Fair Value | |||||||||||||||
Cash, cash equivalents and marketable securities | $ | 91,549 | |||||||||||||
Accounts receivable | 63,320 | ||||||||||||||
Other current assets | 20,355 | ||||||||||||||
Customer contract asset, current and noncurrent | 205,033 | ||||||||||||||
Property and equipment | 64,782 | ||||||||||||||
Other noncurrent assets | 4,379 | ||||||||||||||
Intangible assets | 706,064 | ||||||||||||||
Goodwill | 1,848,653 | ||||||||||||||
Accounts payable, accrued expenses and other liabilities | (65,636 | ) | |||||||||||||
Deferred revenue, current and noncurrent | (46,615 | ) | |||||||||||||
Customer liability, current and noncurrent | (144,792 | ) | |||||||||||||
Other liabilities, noncurrent | (3,104 | ) | |||||||||||||
Deferred tax liability | (159,462 | ) | |||||||||||||
Net assets acquired | $ | 2,584,526 | |||||||||||||
The excess of purchase consideration over the fair value of net tangible and identifiable intangible assets acquired was recorded as goodwill. The fair values assigned to tangible and identifiable intangible assets acquired and liabilities assumed were based on management’s estimates and assumptions. The deferred tax liability established was primarily a result of the difference in the book basis and tax basis related to the identifiable intangible assets. During fiscal 2015, the Company finalized its assessment of fair value of the assets and liabilities assumed at acquisition date. The adjustments made were not material and are not reflected above. | |||||||||||||||
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in thousands): | |||||||||||||||
Fair Value | Useful Life | ||||||||||||||
Developed technologies | $ | 307,200 | 4 - 7 years | ||||||||||||
Customer relationships | 362,200 | 6 - 8 years | |||||||||||||
Trade name and trademark | 29,400 | 10 years | |||||||||||||
Other purchased intangible assets | 7,264 | 3 - 4 years | |||||||||||||
Total intangible assets subject to amortization | $ | 706,064 | |||||||||||||
Developed technologies represent the estimated fair value of ExactTarget’s digital marketing technology. Customer relationships represent the estimated fair values of the underlying relationships with ExactTarget customers. The goodwill balance is primarily attributed to the assembled workforce and expanded market opportunities when integrating ExactTarget’s digital marketing technology with the Company’s other offerings. The goodwill balance is not deductible for U.S. income tax purposes. | |||||||||||||||
The Company assumed unvested options and restricted stock with an estimated fair value of $102.2 million. Of the total consideration, $17.4 million was allocated to the purchase consideration and $84.8 million was allocated to future services and will be expensed over the remaining service periods on a straight-line basis. | |||||||||||||||
EdgeSpring | |||||||||||||||
On June 12, 2013, the Company acquired for cash and the Company’s common stock the outstanding stock of EdgeSpring, Inc. (“EdgeSpring”), a provider of an end-to-end business intelligence exploration platform used to build analytic applications. The Company acquired EdgeSpring to, among other things, expand its analytical capabilities and offerings. The Company has included the financial results of EdgeSpring in the consolidated financial statements from the date of acquisition, which have not been material to date. The acquisition date fair value of the consideration transferred for EdgeSpring was approximately $133.7 million, which consisted of the following (in thousands, except share data): | |||||||||||||||
Fair Value | |||||||||||||||
Cash | $ | 62,580 | |||||||||||||
Common stock (1,850,258 shares) | 69,533 | ||||||||||||||
Fair value of stock options and restricted stock awards assumed | 1,609 | ||||||||||||||
Total | $ | 133,722 | |||||||||||||
The fair value of the stock options assumed by the Company was determined using the Black-Scholes option pricing model. The share conversion ratio of 0.17 was applied to convert EdgeSpring’s outstanding equity awards for EdgeSpring’s common stock into equity awards for shares of the Company’s common stock. | |||||||||||||||
The following table summarizes the estimated fair values of assets acquired and liabilities assumed as of the date of acquisition (in thousands): | |||||||||||||||
Fair Value | |||||||||||||||
Current and noncurrent tangible assets | $ | 4,462 | |||||||||||||
Intangible assets | 32,300 | ||||||||||||||
Goodwill | 107,165 | ||||||||||||||
Current and noncurrent liabilities | (666 | ) | |||||||||||||
Deferred tax liability | (9,539 | ) | |||||||||||||
Net assets acquired | $ | 133,722 | |||||||||||||
The excess of purchase consideration over the fair value of net tangible and identifiable intangible assets acquired was recorded as goodwill. The fair values assigned to tangible assets acquired, liabilities assumed and identifiable intangible assets were based on management’s estimates and assumptions. During fiscal 2015, the Company finalized its assessment of fair value of the assets and liabilities assumed at acquisition date. The adjustments made were not material and are not reflected above. | |||||||||||||||
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in thousands): | |||||||||||||||
Fair Value | Useful Life | ||||||||||||||
Developed technology | $ | 31,030 | 5-6 years | ||||||||||||
Customer relationships | 560 | 5 years | |||||||||||||
Trade name and trademark | 710 | 5 years | |||||||||||||
Total intangible assets subject to amortization | $ | 32,300 | |||||||||||||
Developed technology represents the estimated fair value of EdgeSpring’s end-to-end business intelligence exploration technology. Customer relationships represent the fair values of the underlying relationships with EdgeSpring customers. The goodwill balance is primarily attributed to the assembled workforce and expanded market opportunities when integrating EdgeSpring’s business intelligence technology with the Company’s other offerings. The goodwill balance is not deductible for U.S. income tax purposes. | |||||||||||||||
The Company assumed unvested equity awards for shares of EdgeSpring’s common stock with a fair value of $4.7 million. Of the total consideration, $1.6 million was allocated to the purchase consideration and $3.1 million was allocated to future services and will be expensed over the remaining service periods on a straight-line basis. | |||||||||||||||
Other Fiscal 2014 Business Combinations | |||||||||||||||
During fiscal 2014, the Company acquired three other companies for an aggregate of $31.7 million in cash, net of cash acquired, and has included the financial results of these companies in its consolidated financial statements from the date of each respective acquisition. The Company accounted for these transactions as business combinations. In allocating the purchase consideration based on estimated fair values, the Company recorded $14.6 million of acquired intangible assets with useful lives of three to five years, $20.6 million of goodwill, $2.8 million of net tangible assets, including cash acquired, and $4.4 million of deferred tax liabilities. Some of this goodwill balance is deductible for U.S. income tax purposes. | |||||||||||||||
Goodwill | |||||||||||||||
Goodwill represents the excess of the purchase price in a business combination over the fair value of net tangible and intangible assets acquired. Goodwill amounts are not amortized, but rather tested for impairment at least annually during the fourth quarter. | |||||||||||||||
Goodwill consisted of the following (in thousands): | |||||||||||||||
Balance as of January 31, 2013 | $ | 1,529,378 | |||||||||||||
EdgeSpring | 107,165 | ||||||||||||||
ExactTarget | 1,848,653 | ||||||||||||||
Other Acquisitions | 20,646 | ||||||||||||||
Finalization of acquisition date fair values | (5,019 | ) | |||||||||||||
Balance as of January 31, 2014 | $ | 3,500,823 | |||||||||||||
RelateIQ | 289,857 | ||||||||||||||
Finalization of acquisition date fair values | (8,020 | ) | |||||||||||||
Balance as of January 31, 2015 | $ | 3,782,660 | |||||||||||||
There was no impairment of goodwill during fiscal 2015, 2014 or 2013. | |||||||||||||||
Intangible Assets | |||||||||||||||
Intangible assets acquired resulting from business combinations are as follows as of January 31, 2015 (in thousands): | |||||||||||||||
Gross | Accumulated | Net Book | Weighted | ||||||||||||
Fair Value | Amortization | Value | Average | ||||||||||||
Remaining | |||||||||||||||
Useful Life | |||||||||||||||
Acquired developed technology | $ | 674,160 | $ | (371,997 | ) | $ | 302,163 | 4.3 | |||||||
Customer relationships | 409,603 | (107,245 | ) | 302,358 | 6.1 | ||||||||||
Trade name and trademark | 38,980 | (17,142 | ) | 21,838 | 1 | ||||||||||
Territory rights and other | 12,355 | (6,522 | ) | 5,833 | 3.1 | ||||||||||
Total | $ | 1,135,098 | $ | (502,906 | ) | $ | 632,192 | 5 | |||||||
During fiscal 2015, the Company revised the remaining useful life of some of its trade name and trademark intangible assets. The remaining carrying amount of these intangible assets was amortized over that revised remaining useful life prospectively, which resulted in additional amortization expense of $4.5 million recognized in the three months ended Janaury 31, 2015. | |||||||||||||||
Intangible assets acquired resulting from business combinations were as follows as of January 31, 2014 (in thousands): | |||||||||||||||
Gross | Accumulated | Net Book | Weighted | ||||||||||||
Fair Value | Amortization | Value | Average | ||||||||||||
Remaining | |||||||||||||||
Useful Life | |||||||||||||||
Acquired developed technology | $ | 659,770 | $ | (281,766 | ) | $ | 378,004 | 4.9 | |||||||
Customer relationships | 409,135 | (53,669 | ) | 355,466 | 7 | ||||||||||
Trade name and trademark | 38,930 | (8,721 | ) | 30,209 | 9 | ||||||||||
Territory rights | 11,125 | (3,963 | ) | 7,162 | 3.8 | ||||||||||
$ | 1,118,960 | $ | (348,119 | ) | $ | 770,841 | 6 | ||||||||
The expected future amortization expense for purchased intangible assets as of January 31, 2015 is as follows (in thousands): | |||||||||||||||
Fiscal Period: | |||||||||||||||
Fiscal 2016 | $ | 154,776 | |||||||||||||
Fiscal 2017 | 125,144 | ||||||||||||||
Fiscal 2018 | 114,041 | ||||||||||||||
Fiscal 2019 | 100,533 | ||||||||||||||
Fiscal 2020 | 73,191 | ||||||||||||||
Thereafter | 64,507 | ||||||||||||||
Total amortization expense | $ | 632,192 | |||||||||||||
Debt
Debt | 12 Months Ended | |||||||||||||||
Jan. 31, 2015 | ||||||||||||||||
Debt Disclosure [Abstract] | ||||||||||||||||
Debt | Debt | |||||||||||||||
Convertible Senior Notes | ||||||||||||||||
Par Value Outstanding | Equity | Liability Component of Par Value as of January 31, | ||||||||||||||
(In thousands) | Component Recorded at Issuance | 2015 | 2014 | |||||||||||||
0.75% Convertible Senior Notes due January 15, 2015 | $ | 0 | $ | 125,530 | -1 | $ | 0 | $ | 542,159 | |||||||
0.25% Convertible Senior Notes due April 1, 2018 | 1,150,000 | 122,421 | -2 | 1,070,692 | 1,046,930 | |||||||||||
___________ | ||||||||||||||||
(1)This amount represents the equity component recorded at the initial issuance of the 0.75% convertible senior notes. | ||||||||||||||||
(2)This amount represents the equity component recorded at the initial issuance of the 0.25% convertible senior notes. | ||||||||||||||||
In January 2010, the Company issued at par value $575.0 million of 0.75% convertible senior notes (the “0.75% Senior Notes”) due January 15, 2015 unless earlier converted. During the twelve months ended January 31, 2015, the outstanding balance of the 0.75% Senior Notes matured, and the Company repaid $568.9 million in cash of principal balance of the 0.75% Senior Notes. The Company also distributed approximately 17.1 million shares of the Company’s common stock to noteholders during the twelve months ended January 31, 2015, which represents the conversion value in excess of the principal amount. The Company received approximately 17.1 million shares of the Company’s common stock from the exercise of the note hedges related to the 0.75% Senior Notes during this same period. The Company recorded a loss of $10.3 million in the twelve months ended January 31, 2015 related to the extinguishment of the 0.75% Senior Notes converted by noteholders. This amount represents the difference between the fair market value allocated to the liability component on the respective settlement dates and the net carrying amount of the liability component and unamortized debt issuance costs on the respective settlement dates. | ||||||||||||||||
In March 2013, the Company issued at par value $1.15 billion of 0.25% convertible senior notes (the “0.25% Senior Notes”) due April 1, 2018, unless earlier purchased by the Company or converted. Interest is payable semi-annually, in arrears on April 1 and October 1 of each year. | ||||||||||||||||
The 0.25% Senior Notes are governed by an indenture between the Company, as issuer, and U.S. Bank National Association, as trustee. The 0.25% Senior Notes are unsecured and do not contain any financial covenants or any restrictions on the payment of dividends, the incurrence of senior debt or other indebtedness, or the issuance or repurchase of securities by the Company. | ||||||||||||||||
If converted, holders of the 0.25% Senior Notes will receive cash equal to the principal amount, and at the Company’s election, cash, shares of the Company’s common stock, or a combination of cash and shares, for any amounts in excess of the principal amounts. | ||||||||||||||||
Certain terms of the conversion features of the 0.25% Senior Notes are as follows: | ||||||||||||||||
Conversion | Initial | Convertible Date | ||||||||||||||
Rate per $1,000 | Conversion | |||||||||||||||
Par Value | Price per | |||||||||||||||
Share | ||||||||||||||||
0.25% Senior Notes | 15.0512 | $ | 66.44 | January 1, 2018 | ||||||||||||
Throughout the term of the 0.25% Senior Notes, the conversion rate may be adjusted upon the occurrence of certain events, including any cash dividends. Holders of the 0.25% Senior Notes will not receive any cash payment representing accrued and unpaid interest upon conversion of a Note. Accrued but unpaid interest will be deemed to be paid in full upon conversion rather than canceled, extinguished or forfeited. | ||||||||||||||||
Holders may convert the 0.25% Senior Notes under the following circumstances: | ||||||||||||||||
• | during any fiscal quarter, if, for at least 20 trading days during the 30 consecutive trading day period ending on the last trading day of the immediately preceding fiscal quarter, the last reported sales price of the Company’s common stock for such trading day is greater than or equal to 130% of the applicable conversion price on such trading day share of common stock on such last trading day; | |||||||||||||||
• | in certain situations, when the trading price of the 0.25% Senior Notes is less than 98% of the product of the sale price of the Company’s common stock and the conversion rate; | |||||||||||||||
• | upon the occurrence of specified corporate transactions described under the 0.25% Senior Notes indenture, such as a consolidation, merger or binding share exchange; or | |||||||||||||||
• | at any time on or after the convertible date noted above. | |||||||||||||||
Holders of the 0.25% Senior Notes have the right to require the Company to purchase with cash all or a portion of the Notes upon the occurrence of a fundamental change, such as a change of control, at a purchase price equal to 100% of the principal amount of the 0.25% Senior Notes plus accrued and unpaid interest. Following certain corporate transactions that constitute a change of control, the Company will increase the conversion rate for a holder who elects to convert the 0.25% Senior Notes in connection with such change of control. | ||||||||||||||||
In accounting for the issuances of the 0.25% Senior Notes, the Company separated the 0.25% Senior Notes into liability and equity components. The carrying amount of the liability component was calculated by measuring the fair value of a similar liability that does not have an associated convertible feature. The carrying amount of the equity component representing the conversion option was determined by deducting the fair value of the liability component from the par value of the 0.25% Senior Notes as a whole. The excess of the principal amount of the liability component over its carrying amount (“debt discount”) is amortized to interest expense over the term of the 0.25% Senior Notes. The equity component is not remeasured as long as it continues to meet the conditions for equity classification. | ||||||||||||||||
In accounting for the transaction costs related to the 0.25% Senior Notes issuance, the Company allocated the total amount incurred to the liability and equity components based on its relative values. Transaction costs attributable to the liability component are being amortized to expense over the terms of the 0.25% Senior Notes, and transaction costs attributable to the equity component were netted with the equity component in temporary stockholders’ equity and stockholders’ equity. | ||||||||||||||||
The 0.25% Senior Notes and the 0.75% Senior Notes (the “Notes”), consisted of the following (in thousands): | ||||||||||||||||
As of | ||||||||||||||||
January 31, | January 31, | |||||||||||||||
2015 | 2014 | |||||||||||||||
Liability component : | ||||||||||||||||
Principal: | ||||||||||||||||
0.75% Senior Notes (1) | $ | 0 | $ | 568,864 | ||||||||||||
0.25% Senior Notes (1) | 1,150,000 | 1,150,000 | ||||||||||||||
Less: debt discount, net | ||||||||||||||||
0.75% Senior Notes | 0 | (26,705 | ) | |||||||||||||
0.25% Senior Notes (2) | (79,308 | ) | (103,070 | ) | ||||||||||||
Net carrying amount | $ | 1,070,692 | $ | 1,589,089 | ||||||||||||
(1)The effective interest rates of the 0.75% Senior Notes and 0.25% Senior Notes are 5.86% and 2.53%, respectively. These interest rates were based on the interest rates of a similar liability at the time of issuance that did not have an associated convertible feature. | ||||||||||||||||
(2)Included in the consolidated balance sheets within Convertible 0.25% Senior Notes (which is classified as a noncurrent liability) and is amortized over the life of the 0.25% Senior Notes using the effective interest rate method. | ||||||||||||||||
The total estimated fair values of the Company’s 0.25% Senior Notes at January 31, 2015 was $1.3 billion. The fair value was determined based on the closing trading price per $100 of the 0.25% Senior Notes as of the last day of trading for fiscal 2015. | ||||||||||||||||
Based on the closing price of the Company’s common stock of $56.45 on January 31, 2015, the if-converted value of the 0.25% Senior Notes was less than their principal amount. | ||||||||||||||||
Note Hedges | ||||||||||||||||
To minimize the impact of potential economic dilution upon conversion of the Notes, the Company entered into convertible note hedge transactions with respect to its common stock (the “Note Hedges”). | ||||||||||||||||
(in thousands, except for shares) | Date | Purchase | Shares | |||||||||||||
0.75% Note Hedges | January 2010 | $ | 126,500 | 26,943,812 | ||||||||||||
0.25% Note Hedges | March 2013 | $ | 153,800 | 17,308,880 | ||||||||||||
The Note Hedges cover shares of the Company’s common stock at a strike price that corresponds to the initial conversion price of the respective Notes, also subject to adjustment, and are exercisable upon conversion of the Notes. The Note Hedges will expire upon the maturity of the Notes. The Note Hedges are intended to reduce the potential economic dilution upon conversion of the Notes in the event that the market value per share of the Company’s common stock, as measured under the Notes, at the time of exercise is greater than the conversion price of the Notes. The Note Hedges are separate transactions and are not part of the terms of the Notes. Holders of the Notes will not have any rights with respect to the Note Hedges. The Note Hedges do not impact earnings per share. | ||||||||||||||||
As a result of the conversions and maturity of the 0.75% Senior Notes during fiscal 2015, the Company exercised its rights on the 0.75% Note Hedges and received approximately 17.1 million shares of the Company's common stock during the twelve months ended January 31, 2015 and the 0.75% Note Hedges expired. | ||||||||||||||||
Warrants | ||||||||||||||||
Date | Proceeds | Shares | Strike | |||||||||||||
(in thousands) | Price | |||||||||||||||
0.75% Warrants | January 2010 | $ | 59,300 | 26,943,812 | $ | 29.88 | ||||||||||
0.25% Warrants | March 2013 | $ | 84,800 | 17,308,880 | $ | 90.4 | ||||||||||
Separately, in January 2010 and March 2013, the Company also entered into warrant transactions (the “0.75% Warrants” and the “0.25% Warrants”, respectively) (collectively, the “Warrants”), whereby the Company sold warrants to acquire, subject to anti-dilution adjustments, shares of the Company’s common stock. The Warrants were anti-dilutive for the periods presented. The Warrants are separate transactions entered into by the Company and are not part of the terms of the Notes or Note Hedges. Holders of the Notes and Note Hedges will not have any rights with respect to the Warrants. | ||||||||||||||||
In December 2014, the Company entered into agreements with each of the 0.75% Warrant counterparties to amend and settle early the 0.75% Warrants prior to their scheduled expiration beginning in April 2015. As a result of this amendment to settle early with the 0.75% Warrant counterparties, the Company issued, in the aggregate, approximately 13.3 million shares to the counterparties to settle, via a net share settlement, the entirety of the 0.75% Warrants. | ||||||||||||||||
Term Loan | ||||||||||||||||
On July 11, 2013, the Company entered into a credit agreement (the “Prior Credit Agreement”) with Bank of America, N.A. and certain other lenders. The Prior Credit Agreement provided for a $300.0 million term loan (the “Term Loan”) maturing on July 11, 2016 (the “Term Loan Maturity Date”), which was entered into in conjunction with and for purposes of funding the acquisition of ExactTarget in fiscal 2014. The Term Loan bore interest at the Company’s option at either a base rate plus a spread of 0.50% to 1.00% or an adjusted LIBOR rate as defined in the Prior Credit Agreement plus a spread of 1.50% to 2.00%. | ||||||||||||||||
The Term Loan was payable in quarterly installments equal to $7.5 million beginning on September 30, 2013, with the remaining outstanding principal amount of the Term Loan being due and payable on the Term Loan Maturity Date. On October 6, 2014, the Company repaid the Term Loan in full and the Prior Credit Agreement was terminated. | ||||||||||||||||
Revolving Credit Facility | ||||||||||||||||
On October 6, 2014, the Company entered into an agreement (the “Credit Agreement”) with Wells Fargo, N.A. and certain other institutional lenders that provides for a $650.0 million unsecured revolving credit facility that matures on October 6, 2019 (the “Credit Facility”). Immediately upon closing, the Company borrowed $300.0 million under the Credit Facility, approximately $262.5 million of which was used to repay in full the indebtedness under the Company's Term Loan, as described above. Borrowings under the Credit Facility bear interest, at the Company’s option at either a base rate, as defined in the Credit Agreement, plus a margin of 0.00% to 0.75% or LIBOR plus a margin of 1.00% to 1.75%. The Company is obligated to pay ongoing commitment fees at a rate between 0.125% and 0.25%. Such interest rate margins and commitment fees are based on the Company’s consolidated leverage ratio for the preceding four fiscal quarter periods. Interest and the commitment fees are payable in arrears quarterly. The Company may use amounts borrowed under the Credit Facility for working capital, capital expenditures and other general corporate purposes, including permitted acquisitions. Subject to certain conditions stated in the Credit Agreement, the Company may borrow amounts under the Credit Facility at any time during the term of the Credit Agreement. The Company may also prepay borrowings under the Credit Agreement, in whole or in part, at any time without premium or penalty, subject to certain conditions, and amounts repaid or prepaid may be reborrowed. | ||||||||||||||||
The Credit Agreement contains certain customary affirmative and negative covenants, including a consolidated leverage ratio covenant, a consolidated interest coverage ratio covenant, a limit on the Company’s ability to incur additional indebtedness, dispose of assets, make certain acquisition transactions, pay dividends or distributions, and certain other restrictions on the Company’s activities each defined specifically in the Credit Agreement. The Company was in compliance with the Credit Agreement’s covenants as of January 31, 2015. | ||||||||||||||||
The weighted average interest rate on borrowings under the Credit Facility was 1.7% for the period beginning October 6, 2014 and ended January 31, 2015. As of January 31, 2015, outstanding borrowings under the Credit Facility were $300.0 million, which is recorded as a noncurrent liability on the accompanying consolidated balance sheet. | ||||||||||||||||
Interest Expense on Convertible Senior Notes, Term Loan and Revolving Credit Facility | ||||||||||||||||
The following table sets forth total interest expense recognized related to the Notes, the Term Loan and the Credit Facility prior to capitalization of interest (in thousands): | ||||||||||||||||
Fiscal Year Ended January 31, | ||||||||||||||||
2015 | 2014 | 2013 | ||||||||||||||
Contractual interest expense | $ | 10,224 | $ | 10,195 | $ | 4,313 | ||||||||||
Amortization of debt issuance costs | 4,622 | 4,470 | 1,324 | |||||||||||||
Amortization of debt discount | 36,575 | 46,942 | 25,131 | |||||||||||||
$ | 51,421 | $ | 61,607 | $ | 30,768 | |||||||||||
Other_Balance_Sheet_Accounts
Other Balance Sheet Accounts | 12 Months Ended | |||||||
Jan. 31, 2015 | ||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||||||||
Other Balance Sheet Accounts | Other Balance Sheet Accounts | |||||||
Prepaid Expenses and Other Current Assets | ||||||||
Prepaid expenses and other current assets consisted of the following (in thousands): | ||||||||
As of | ||||||||
January 31, | January 31, | |||||||
2015 | 2014 | |||||||
Deferred income taxes, net | $ | 35,528 | $ | 49,279 | ||||
Prepaid income taxes | 21,514 | 23,571 | ||||||
Customer contract asset | 16,620 | 77,368 | ||||||
Prepaid expenses and other current assets | 206,892 | 158,962 | ||||||
$ | 280,554 | $ | 309,180 | |||||
Customer contract asset reflects future billings of amounts that are contractually committed by ExactTarget’s existing customers as of the acquisition date that will be billed in the next 12 months. As the Company bills these customers this balance will reduce and accounts receivable will increase. | ||||||||
Included in prepaid expenses and other current assets are value-added tax and sales tax receivables associated with the sale of the Company's services to third parties. Value-added tax and sales tax receivables totaled $27.5 million and $28.6 million at January 31, 2015 and 2014, respectively. | ||||||||
Capitalized Software, net | ||||||||
Capitalized software consisted of the following (in thousands): | ||||||||
As of | ||||||||
January 31, | January 31, | |||||||
2015 | 2014 | |||||||
Capitalized internal-use software development costs, net of accumulated amortization of $136,314 and $101,687, respectively | $ | 96,617 | $ | 72,915 | ||||
Acquired developed technology, net of accumulated amortization of $392,736 and $294,628, respectively | 336,781 | 409,002 | ||||||
$ | 433,398 | $ | 481,917 | |||||
Capitalized internal-use software amortization expense totaled $35.7 million, $29.2 million and $22.1 million for fiscal 2015, 2014 and 2013, respectively. Acquired developed technology amortization expense totaled $98.4 million, $114.7 million and $80.0 million for fiscal 2015, 2014 and 2013, respectively. | ||||||||
The Company capitalized $5.3 million, $3.5 million and $3.4 million of stock-based expenses related to capitalized internal-use software development and deferred professional services during fiscal 2015, 2014 and 2013, respectively. | ||||||||
Other Assets, net | ||||||||
Other assets consisted of the following (in thousands): | ||||||||
As of | ||||||||
January 31, | January 31, | |||||||
2015 | 2014 | |||||||
Deferred income taxes, noncurrent, net | $ | 9,275 | $ | 9,691 | ||||
Long-term deposits | 19,715 | 17,970 | ||||||
Purchased intangible assets, net of accumulated amortization of $130,968 and $66,399, respectively | 329,971 | 416,119 | ||||||
Acquired intellectual property, net of accumulated amortization of $15,695 and $11,304, respectively | 15,879 | 11,957 | ||||||
Strategic investments | 175,774 | 92,489 | ||||||
Customer contract asset | 1,447 | 18,182 | ||||||
Other | 76,259 | 47,082 | ||||||
$ | 628,320 | $ | 613,490 | |||||
Customer contract asset reflects the noncurrent portion of future billings that are contractually committed by ExactTarget’s existing customers as of the acquisition date. | ||||||||
In November 2010, the Company recorded $23.3 million of perpetual parking rights associated with an existing parking garage situated on the Company's undeveloped real estate to purchased intangible assets. During fiscal 2015, the Company sold a portion of these perpetual parking rights and reclassified the remaining parking rights to assets held for sale. The Company has entered into an agreement to sell the remaining portion of the perpetual parking rights and expects the sale to close within twelve months, subject to certain closing conditions. | ||||||||
Purchased intangible assets amortization expense for fiscal 2015, 2014 and 2013 was $64.6 million, $37.6 million and $10.9 million, respectively. Acquired intellectual property amortization expense for fiscal 2015, 2014 and 2013 was $5.0 million, $4.2 million and $3.9 million, respectively. | ||||||||
Accounts Payable, Accrued Expenses and Other Liabilities | ||||||||
Accounts payable, accrued expenses and other liabilities consisted of the following (in thousands): | ||||||||
As of | ||||||||
January 31, | January 31, | |||||||
2015 | 2014 | |||||||
Accounts payable | $ | 95,537 | $ | 64,988 | ||||
Accrued compensation | 457,102 | 397,002 | ||||||
Accrued other liabilities | 321,032 | 235,543 | ||||||
Accrued income and other taxes payable | 184,844 | 153,026 | ||||||
Accrued professional costs | 16,889 | 15,864 | ||||||
Customer liability, current | 13,084 | 53,957 | ||||||
Accrued rent | 14,847 | 13,944 | ||||||
$ | 1,103,335 | $ | 934,324 | |||||
Customer liability reflects the legal obligation to provide future services that are contractually committed by ExactTarget’s existing customers but unbilled as of the acquisition date. As these services are invoiced, this balance will reduce and deferred revenue will increase. | ||||||||
Other Noncurrent Liabilities | ||||||||
Other noncurrent liabilities consisted of the following (in thousands): | ||||||||
As of | ||||||||
January 31, | January 31, | |||||||
2015 | 2014 | |||||||
Deferred income taxes and income taxes payable | $ | 94,396 | $ | 108,760 | ||||
Customer liability, noncurrent | 1,026 | 13,953 | ||||||
Financing obligation, building in progress-leased facility | 125,289 | 40,171 | ||||||
Long-term lease liabilities and other | 701,612 | 594,303 | ||||||
$ | 922,323 | $ | 757,187 | |||||
Customer liability, noncurrent reflects the noncurrent fair value of the legal obligation to provide future services that are contractually committed by ExactTarget’s existing customers but unbilled as of the acquisition date. |
Stockholders_Equity
Stockholders' Equity | 12 Months Ended | ||||||||||||||||
Jan. 31, 2015 | |||||||||||||||||
Equity [Abstract] | |||||||||||||||||
Stockholders' Equity | Stockholders’ Equity | ||||||||||||||||
The Company maintains the following stock plans: the ESPP, the 2013 Equity Incentive Plan and the 2014 Inducement Equity Incentive Plan (the “2014 Inducement Plan”). The expiration of the 1999 Stock Option Plan (“1999 Plan”) in fiscal 2010 did not affect awards outstanding, which continue to be governed by the terms and conditions of the 1999 Plan. | |||||||||||||||||
On July 10, 2014, the Company adopted the 2014 Inducement Plan with a reserve of 335,000 shares of common stock for future issuance solely for the granting of inducement stock options and equity awards to new employees, including employees of acquired companies. In addition, approximately 319,000 shares of common stock that remained available for grant under the 2006 Inducement Equity Incentive Plan (the “Prior Inducement Plan”) as of July 9, 2014 were added to the 2014 Inducement Plan share reserve and the Prior Inducement Plan was terminated. Further, any shares of common stock subject to outstanding awards under the Prior Inducement Plan that expire, are forfeited, or are repurchased by the Company will also become available for future grant under the 2014 Inducement Plan. Termination of the Prior Inducement Plan did not affect the outstanding awards previously issued thereunder. The 2014 Inducement Plan was adopted without stockholder approval in reliance on the “employment inducement exemption” provided under the New York Stock Exchange Listed Company Manual. | |||||||||||||||||
In September 2011, the Company’s Board of Directors amended and restated the ESPP. In conjunction with the amendment of the ESPP, the Company’s Board of Directors determined that the offerings under the ESPP would commence, beginning with a twelve month offering period starting in December 2011. As of January 31, 2015, $28.7 million has been withheld on behalf of employees for future purchases under the ESPP and is recorded in accounts payable, accrued expenses and other liabilities. Employees purchased 3.3 million shares for $127.8 million and 2.9 million shares for $92.5 million, in fiscal 2015 and 2014, respectively, under the ESPP. | |||||||||||||||||
Prior to February 1, 2006, options issued under the Company’s stock option plans generally had a term of 10 years. From February 1, 2006 through July 3, 2013, options issued had a term of five years. After July 3, 2013, options issued have a term of seven years. | |||||||||||||||||
Stock activity excluding the ESPP is as follows: | |||||||||||||||||
Options Outstanding | |||||||||||||||||
Shares | Outstanding | Weighted- | Aggregate | ||||||||||||||
Available for | Stock | Average | Intrinsic Value | ||||||||||||||
Grant | Options | Exercise Price | (in thousands) | ||||||||||||||
Balance as of January 31, 2014 | 55,852,536 | 28,604,045 | $ | 34.26 | |||||||||||||
Increase in shares authorized: | |||||||||||||||||
2013 Equity Incentive Plan | 3,943,052 | 0 | 0 | ||||||||||||||
2014 Inducement Equity Incentive Plan | 1,007,381 | 0 | 0 | ||||||||||||||
2011 Relate IQ Plan | 291,361 | 0 | 0 | ||||||||||||||
Options granted under all plans | (9,506,412 | ) | 9,506,412 | 57.87 | |||||||||||||
Restricted stock activity | (18,781,110 | ) | 0 | 0 | |||||||||||||
Stock grants to board and advisory board members | (226,883 | ) | 0 | 0 | |||||||||||||
Exercised | 0 | (7,307,213 | ) | 24.17 | |||||||||||||
Plan shares expired | (3,135,270 | ) | 0 | 0 | |||||||||||||
Canceled | 1,344,883 | (1,344,883 | ) | 34.8 | |||||||||||||
Balance as of January 31, 2015 | 30,789,538 | 29,458,361 | $ | 44.36 | $ | 379,380,854 | |||||||||||
Vested or expected to vest | 27,308,293 | $ | 43.65 | $ | 369,299,016 | ||||||||||||
Exercisable as of January 31, 2015 | 11,253,182 | $ | 34.37 | $ | 248,524,393 | ||||||||||||
The total intrinsic value of the options exercised during fiscal 2015, 2014 and 2013 was $250.3 million, $292.3 million and $506.9 million, respectively. The intrinsic value is the difference between the current market value of the stock and the exercise price of the stock option. | |||||||||||||||||
The weighted-average remaining contractual life of vested and expected to vest options is approximately 4.3 years. | |||||||||||||||||
As of January 31, 2015, options to purchase 11,253,182 shares were vested at a weighted average exercise price of $34.37 per share and had a remaining weighted-average contractual life of approximately 2.5 years. The total intrinsic value of these vested options as of January 31, 2015 was $248.5 million. | |||||||||||||||||
The following table summarizes information about stock options outstanding as of January 31, 2015: | |||||||||||||||||
Options Outstanding | Options Exercisable | ||||||||||||||||
Range of Exercise | Number | Weighted- | Weighted- | Number of | Weighted- | ||||||||||||
Prices | Outstanding | Average | Average | Shares | Average | ||||||||||||
Remaining | Exercise | Exercise | |||||||||||||||
Contractual Life | Price | Price | |||||||||||||||
(Years) | |||||||||||||||||
$0.58 to $27.06 | 4,664,939 | 2.9 | $ | 22.13 | 3,282,371 | $ | 21.81 | ||||||||||
$27.56 to $35.87 | 4,517,449 | 1.4 | 34.72 | 3,856,881 | 35.06 | ||||||||||||
$36.28 to $39.09 | 4,854,143 | 2.8 | 38.43 | 2,432,030 | 38.45 | ||||||||||||
$40.19 to $52.14 | 714,631 | 4.9 | 43.1 | 199,032 | 43.25 | ||||||||||||
$52.30 | 5,023,786 | 5.8 | 52.3 | 1,396,493 | 52.3 | ||||||||||||
$53.60 to $57.79 | 2,107,390 | 6.3 | 55.12 | 66,323 | 54.28 | ||||||||||||
$59.34 to $63.66 | 7,576,023 | 6.8 | 59.46 | 20,052 | 59.37 | ||||||||||||
29,458,361 | 4.4 | $ | 44.36 | 11,253,182 | $ | 34.37 | |||||||||||
Restricted stock activity is as follows: | |||||||||||||||||
Restricted Stock Outstanding | |||||||||||||||||
Outstanding | Weighted- | Aggregate | |||||||||||||||
Average | Intrinsic | ||||||||||||||||
Exercise Price | Value | ||||||||||||||||
(in thousands) | |||||||||||||||||
Balance as of January 31, 2013 | 26,782,620 | $ | 0.001 | ||||||||||||||
Granted | 10,884,991 | 0.001 | |||||||||||||||
Canceled | (3,616,383 | ) | 0.001 | ||||||||||||||
Vested and converted to shares | (9,397,650 | ) | 0.001 | ||||||||||||||
Balance as of January 31, 2014 | 24,653,578 | $ | 0.001 | ||||||||||||||
Granted | 11,170,913 | 0.001 | |||||||||||||||
Canceled | (3,174,976 | ) | 0.001 | ||||||||||||||
Vested and converted to shares | (9,505,507 | ) | 0.001 | ||||||||||||||
Balance as of January 31, 2015 | 23,144,008 | $ | 0.001 | $ | 1,306,479 | ||||||||||||
Expected to vest | 19,758,223 | $ | 1,115,352 | ||||||||||||||
The restricted stock, which upon vesting entitles the holder to one share of common stock for each share of restricted stock, has an exercise price of $0.001 per share, which is equal to the par value of the Company’s common stock, and generally vests over 4 years. | |||||||||||||||||
The weighted-average grant date fair value of the restricted stock issued for fiscal 2015, 2014 and 2013 was $58.89, $46.99 and $37.71, respectively. | |||||||||||||||||
Common Stock | |||||||||||||||||
The following number of shares of common stock were reserved and available for future issuance at January 31, 2015: | |||||||||||||||||
Options outstanding | 29,458,361 | ||||||||||||||||
Restricted stock awards and units outstanding | 23,144,008 | ||||||||||||||||
Stock available for future grant: | |||||||||||||||||
2013 Equity Incentive Plan | 30,202,139 | ||||||||||||||||
2014 Inducement Equity Incentive Plan | 587,399 | ||||||||||||||||
2004 Employee Stock Purchase Plan | 2,849,542 | ||||||||||||||||
Convertible senior notes | 17,308,880 | ||||||||||||||||
Warrants | 17,308,880 | ||||||||||||||||
120,859,209 | |||||||||||||||||
During fiscal years 2015, 2014 and 2013, certain board members received stock grants totaling 83,127 shares of common stock, 108,800 shares of common stock and 102,400 shares of common stock, respectively for board services pursuant to the terms described in the 2013 Plan and previously, the 2004 Outside Directors Stock Plan. The expense related to these awards, which was expensed immediately at the time of the issuance, totaled $5.0 million, $4.5 million and $3.8 million for fiscal 2015, 2014 and 2013, respectively. | |||||||||||||||||
Preferred Stock | |||||||||||||||||
The Company’s board of directors has the authority, without further action by stockholders, to issue up to 5,000,000 shares of preferred stock in one or more series. The Company’s board of directors may designate the rights, preferences, privileges and restrictions of the preferred stock, including dividend rights, conversion rights, voting rights, terms of redemption, liquidation preference, sinking fund terms, and number of shares constituting any series or the designation of any series. The issuance of preferred stock could have the effect of restricting dividends on the Company’s common stock, diluting the voting power of its common stock, impairing the liquidation rights of its common stock, or delaying or preventing a change in control. The ability to issue preferred stock could delay or impede a change in control. As of January 31, 2015 and 2014, no shares of preferred stock were outstanding. |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||||||
Jan. 31, 2015 | |||||||||||||
Income Tax Disclosure [Abstract] | |||||||||||||
Income Taxes | Income Taxes | ||||||||||||
Effective Tax Rate | |||||||||||||
The domestic and foreign components of loss before provision for (benefit from) income taxes consisted of the following (in thousands): | |||||||||||||
Fiscal Year Ended January 31, | |||||||||||||
2015 | 2014 | 2013 | |||||||||||
Domestic | $ | (211,253 | ) | $ | (326,392 | ) | $ | (90,743 | ) | ||||
Foreign | (1,832 | ) | (31,543 | ) | (37,051 | ) | |||||||
$ | (213,085 | ) | $ | (357,935 | ) | $ | (127,794 | ) | |||||
The provision for (benefit from) income taxes consisted of the following (in thousands): | |||||||||||||
Fiscal Year Ended January 31, | |||||||||||||
2015 | 2014 | 2013 | |||||||||||
Current: | |||||||||||||
Federal | $ | 893 | $ | (10,431 | ) | $ | 12,896 | ||||||
State | 1,388 | (245 | ) | 3,021 | |||||||||
Foreign | 50,493 | 39,784 | 30,261 | ||||||||||
Total | 52,774 | 29,108 | 46,178 | ||||||||||
Deferred: | |||||||||||||
Federal | 8,771 | (128,798 | ) | 72,656 | |||||||||
State | (10,830 | ) | (22,012 | ) | 28,538 | ||||||||
Foreign | (1,112 | ) | (4,058 | ) | (4,721 | ) | |||||||
Total | (3,171 | ) | (154,868 | ) | 96,473 | ||||||||
Provision for (benefit from) for income taxes | $ | 49,603 | $ | (125,760 | ) | $ | 142,651 | ||||||
During fiscal 2015, 2014 and 2013, the Company recorded net tax benefits that resulted from allocating certain tax effects related to exercises of stock options and vesting of restricted stock directly to stockholders’ equity in the amount of $7.7 million, $8.0 million and $7.2 million, respectively. | |||||||||||||
During fiscal 2013, the Company established a valuation allowance for a significant portion of its deferred tax assets and recognized a tax expense of $186.8 million. During fiscal 2014, the Company recorded a partial release of its valuation allowance primarily in connection with the acquisition of ExactTarget. Due to the ExactTarget acquisition, a deferred tax liability was recorded for the book-tax basis difference related to purchased intangibles. The net deferred tax liability from acquisitions provided an additional source of income to support the realizability of the Company’s pre-existing deferred tax assets and as a result, the Company released a portion of its valuation allowance and recorded a tax benefit of $143.1 million for fiscal 2014. In fiscal 2015, the Company recorded income taxes in profitable jurisdictions outside the U.S., which was partially offset by tax benefits from current year losses incurred by ExactTarget in certain state jurisdictions. | |||||||||||||
A reconciliation of income taxes at the statutory federal income tax rate to the provision for (benefit from) income taxes included in the accompanying consolidated statements of operations is as follows (in thousands): | |||||||||||||
Fiscal Year Ended January 31, | |||||||||||||
2015 | 2014 | 2013 | |||||||||||
U.S. federal taxes at statutory rate | $ | (74,580 | ) | $ | (125,277 | ) | $ | (44,729 | ) | ||||
State, net of the federal benefit | (5,332 | ) | (10,780 | ) | (969 | ) | |||||||
Foreign taxes in excess of the U.S. statutory rate | 29,880 | 33,412 | 16,931 | ||||||||||
Change in valuation allowance | 100,143 | (25,048 | ) | 186,806 | |||||||||
Tax credits | (28,056 | ) | (22,293 | ) | (17,670 | ) | |||||||
Non-deductible expenses | 26,224 | 21,407 | 4,807 | ||||||||||
Tax expense/(benefit) from acquisitions | 2,341 | 1,811 | (3,568 | ) | |||||||||
Other, net | (1,017 | ) | 1,008 | 1,043 | |||||||||
$ | 49,603 | $ | (125,760 | ) | $ | 142,651 | |||||||
In December 2014, the Tax Increase Prevention Act of 2014 was signed into law, which retroactively renewed expired provisions including research and development tax credits through the end of calendar year 2014. The enacted law change did not impact the Company's tax provision as the retroactive benefit of the research tax credits was fully offset by an increase in valuation allowance. | |||||||||||||
The Company receives certain tax incentives in Switzerland and Singapore in the form of reduced tax rates. The tax reduction program in Switzerland expired in fiscal 2015, and the program in Singapore will expire in fiscal 2016. | |||||||||||||
Deferred Income Taxes | |||||||||||||
Deferred income taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities were as follows (in thousands): | |||||||||||||
As of January 31, | |||||||||||||
2015 | 2014 | ||||||||||||
Deferred tax assets: | |||||||||||||
Net operating loss carryforwards | $ | 252,858 | $ | 259,465 | |||||||||
Deferred stock-based expense | 96,753 | 82,840 | |||||||||||
Tax credits | 152,715 | 107,381 | |||||||||||
Deferred rent expense | 58,849 | 47,063 | |||||||||||
Accrued liabilities | 92,506 | 79,235 | |||||||||||
Deferred revenue | 15,664 | 8,522 | |||||||||||
Basis difference on investment | 24,637 | 11,999 | |||||||||||
Financing obligation | 84,095 | 63,673 | |||||||||||
Other | 20,017 | 17,762 | |||||||||||
Total deferred tax assets | 798,094 | 677,940 | |||||||||||
Less valuation allowance | (293,097 | ) | (180,223 | ) | |||||||||
Deferred tax assets, net of valuation allowance | 504,997 | 497,717 | |||||||||||
Deferred tax liabilities: | |||||||||||||
Deferred commissions | (107,197 | ) | (87,625 | ) | |||||||||
Purchased intangibles | (213,920 | ) | (259,409 | ) | |||||||||
Unrealized gains on investments | (1,793 | ) | (5,232 | ) | |||||||||
Depreciation and amortization | (171,908 | ) | (144,752 | ) | |||||||||
Other | (3,157 | ) | (3,599 | ) | |||||||||
Total deferred tax liabilities | (497,975 | ) | (500,617 | ) | |||||||||
Net deferred tax assets | $ | 7,022 | $ | (2,900 | ) | ||||||||
At January 31, 2015, for federal income tax purposes, the Company had net operating loss carryforwards of approximately $2.1 billion, which expire in fiscal 2021 through fiscal 2035, federal research and development tax credits of approximately $110.6 million, which expire in fiscal 2020 through fiscal 2035, foreign tax credits of approximately $21.5 million, which expire in fiscal 2019 through fiscal 2025, and minimum tax credits of $0.7 million, which have no expiration date. For California income tax purposes, the Company had net operating loss carryforwards of approximately $843.3 million which expire beginning in fiscal 2016 through fiscal 2035, California research and development tax credits of approximately $92.0 million, which do not expire, and $9.5 million of enterprise zone tax credits, which expire in fiscal 2025. For other states income tax purposes, the Company had net operating loss carryforwards of approximately $934.7 million which expire beginning in fiscal 2016 through fiscal 2035 and tax credits of approximately $9.5 million, which expire beginning in fiscal 2021 through fiscal 2025. Utilization of the Company’s net operating loss carryforwards may be subject to substantial annual limitation due to the ownership change limitations provided by the Internal Revenue Code and similar state provisions. Such an annual limitation could result in the expiration of the net operating loss and tax credit carryforwards before utilization. | |||||||||||||
The Company regularly assesses the need for a valuation allowance against its deferred tax assets by considering both positive and negative evidence related to the likelihood of the realization of its deferred taxes to determine if it is more-likely-than-not that some or all of its deferred tax assets will be realized. The Company recorded a valuation allowance as it considered its cumulative loss in recent years as a significant piece of negative evidence. During fiscal 2015, the valuation allowance increased by $112.9 million, primarily due to research tax credits and other US deferred tax assets. The Company will continue to assess the realizability of the deferred tax assets in each of the applicable jurisdictions going forward and adjust the valuation allowance accordingly. | |||||||||||||
The excess tax benefits associated with stock option exercises are recorded directly to stockholders’ equity only when such benefits are realized following the tax law ordering approach. As a result, the excess tax benefits included in net operating loss carryforwards but are not reflected in deferred tax assets for fiscal 2015 and 2014 are $527.2 million and $408.8 million, respectively. | |||||||||||||
Tax Benefits Related to Stock-Based Expense | |||||||||||||
The total income tax benefit related to stock-based awards was $170.8 million, $147.8 million and $113.9 million for fiscal 2015, 2014 and 2013, respectively, the majority of which was not recognized as a result of the valuation allowance. | |||||||||||||
Unrecognized Tax Benefits and Other Considerations | |||||||||||||
The Company records liabilities related to its uncertain tax positions. Tax positions for the Company and its subsidiaries are subject to income tax audits by multiple tax jurisdictions throughout the world. Certain prior year tax returns are currently being examined by various taxing authorities in countries including the United States, Japan, Germany, Swtizerland and the United Kingdom. The Company recognizes the tax benefit of an uncertain tax position only if it is more likely than not that the position is sustainable upon examination by the taxing authority, based on the technical merits. The tax benefit recognized is measured as the largest amount of benefit which is greater than 50 percent likely to be realized upon settlement with the taxing authority. The Company had gross unrecognized tax benefits of $146.2 million, $102.3 million and $75.1 million as of January 31, 2015, 2014 and 2013 respectively. | |||||||||||||
A reconciliation of the beginning and ending balance of total unrecognized tax benefits for fiscal years 2015, 2014 and 2013 is as follows (in thousands): | |||||||||||||
Fiscal Year Ended January 31, | |||||||||||||
2015 | 2014 | 2013 | |||||||||||
Balance as of February 1, | $ | 102,275 | $ | 75,144 | $ | 51,971 | |||||||
Tax positions taken in prior period: | |||||||||||||
Gross increases | 17,938 | 8,420 | 7,304 | ||||||||||
Gross decreases | (1,967 | ) | (4,466 | ) | (4,460 | ) | |||||||
Tax positions taken in current period: | |||||||||||||
Gross increases | 34,226 | 27,952 | 24,401 | ||||||||||
Settlements | 0 | 0 | (121 | ) | |||||||||
Lapse of statute of limitations | (1,224 | ) | (5,205 | ) | (4,159 | ) | |||||||
Currency translation effect | (5,060 | ) | 430 | 208 | |||||||||
Balance as of January 31, | $ | 146,188 | $ | 102,275 | $ | 75,144 | |||||||
For fiscal 2015, 2014 and 2013 total unrecognized tax benefits in an amount of $44.6 million, $34.9 million and $32.3 million respectively, if recognized, would reduce income tax expense and the Company’s effective tax rate after considering the impact of the change in valuation allowance in the U.S. | |||||||||||||
The Company recognizes accrued interest and penalties related to unrecognized tax benefits in the income tax provision. The Company accrued penalties and interest in the amount of $1.3 million, $0.6 million and $0.3 million in income tax expense during fiscal 2015, 2014 and 2013, respectively. The balance in the non-current income tax payable related to penalties and interest was $4.6 million, $3.3 million and $1.7 million as of January 31, 2015, 2014 and 2013, respectively. | |||||||||||||
The Company has operations and taxable presence in multiple jurisdictions in the U.S. and outside of the U.S. Tax positions for the Company and its subsidiaries are subject to income tax audits by multiple tax jurisdictions around the world. The Company currently considers U.S. federal and state, Canada, Japan, 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. |
EarningsLoss_Per_Share
Earnings/Loss Per Share | 12 Months Ended | ||||||||||||
Jan. 31, 2015 | |||||||||||||
Earnings Per Share [Abstract] | |||||||||||||
Earnings/Loss Per Share | 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 | 0 | 0 | 0 | ||||||||||
Employee stock awards | 0 | 0 | 0 | ||||||||||
Warrants | 0 | 0 | 0 | ||||||||||
Adjusted weighted-average shares outstanding and assumed conversions for diluted loss per share | 624,148 | 597,613 | 564,896 | ||||||||||
The weighted-average number of shares outstanding used in the computation of basic and diluted earnings/loss per share does not include the effect of the following potential outstanding common stock. The effects of these potentially outstanding shares were not included in the calculation of diluted earnings/loss per share because the effect would have been anti-dilutive (in thousands): | |||||||||||||
Fiscal Year Ended January 31, | |||||||||||||
2015 | 2014 | 2013 | |||||||||||
Stock awards | 22,157 | 19,664 | 30,068 | ||||||||||
Convertible senior notes | 25,953 | 43,965 | 26,940 | ||||||||||
Warrants | 37,517 | 44,253 | 26,944 | ||||||||||
Commitments
Commitments | 12 Months Ended | |||||||||||
Jan. 31, 2015 | ||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ||||||||||||
Commitments | Commitments | |||||||||||
Letters of Credit | ||||||||||||
As of January 31, 2015, the Company had a total of $63.8 million in letters of credit outstanding substantially in favor of certain landlords for office space. These letters of credit renew annually and expire at various dates through December 2030. | ||||||||||||
Leases | ||||||||||||
The Company leases facilities space and certain fixed assets under non-cancelable operating and capital leases with various expiration dates. | ||||||||||||
As of January 31, 2015, the future minimum lease payments under non-cancelable operating and capital leases are as follows (in thousands): | ||||||||||||
Capital | Operating | Financing Obligation, Building in Progress-Leased Facility(1) | ||||||||||
Leases | Leases | |||||||||||
Fiscal Period: | ||||||||||||
Fiscal 2016 | $ | 104,825 | $ | 289,547 | $ | 1,777 | ||||||
Fiscal 2017 | 113,982 | 267,377 | 16,877 | |||||||||
Fiscal 2018 | 118,259 | 224,359 | 21,107 | |||||||||
Fiscal 2019 | 112,807 | 186,936 | 21,551 | |||||||||
Fiscal 2020 | 201,471 | 186,385 | 21,995 | |||||||||
Thereafter | 0 | 1,124,370 | 252,517 | |||||||||
Total minimum lease payments | 651,344 | $ | 2,278,974 | $ | 335,824 | |||||||
Less: amount representing interest | (84,477 | ) | ||||||||||
Present value of capital lease obligations | $ | 566,867 | ||||||||||
______________ | ||||||||||||
(1) Total Financing Obligation, Building in Progress-Leased Facility noted above represents the total obligation on the lease agreement noted in Note 3 “Property and Equipment” and includes $125.3 million that was recorded to Financing obligation, building in progress-leased facility, which is included in Other noncurrent liabilities on the balance sheet. | ||||||||||||
The Company’s agreements for the facilities and certain services provide the Company with the option to renew. The Company’s future contractual obligations would change if the Company exercised these options. | ||||||||||||
The terms of the lease agreements provide for rental payments on a graduated basis. The Company recognizes rent expense on a straight-line basis over the lease period and has accrued for rent expense incurred but not paid. Of the total operating lease commitment balance of $2.3 billion, approximately $2.0 billion is related to facilities space. The remaining commitment amount is related to computer equipment, other leases, data center capacity and our development and test data center. | ||||||||||||
In April 2014, the Company entered into an office lease agreement to lease approximately 714,000 rentable square feet of an office building located in San Francisco, California that is under construction. The lease payments associated with the lease will be approximately $560.0 million over the 15.5 year term of the lease, beginning in the Company's first quarter of fiscal 2018, which is reflected above under Operating Leases. | ||||||||||||
In February 2015, the Company acquired an office building totaling approximately 817,000 rentable square feet. As of January 31, 2015, approximately 500,000 square feet of the building was being leased by the Company (see Note 14 “Subsequent Event”). The lease, which was signed in January 2012, is reflected above under Operating Leases, and the commitment totals $238.5 million. The operating lease commitment is as follows: $16.1 million during fiscal 2016; $16.6 million during fiscal 2017; $17.1 million during fiscal 2018; $17.6 million during fiscal 2019; $18.1 million during fiscal 2020; and $153.0 million thereafter. Beginning in the quarter ending April 30, 2015, this commitment will be excluded from future operating lease obligations. | ||||||||||||
Rent expense for fiscal 2015, 2014 and 2013 was $162.8 million, $123.6 million and $88.3 million, respectively. | ||||||||||||
In December 2014, the Company entered into an agreement with a third party provider under which the Company will purchase certain infrastructure services for three years. The agreement provides that the Company will pay $33.0 million in fiscal 2016 and $36.0 million in both fiscal 2017 and 2018 for infrastructure services under the agreement. |
Employee_Benefit_Plan
Employee Benefit Plan | 12 Months Ended |
Jan. 31, 2015 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Employee Benefit Plan | Employee Benefit Plan |
The Company has a 401(k) plan covering all eligible employees in the United States and Canada. Since January 1, 2006, the Company has been contributing to the plan. Total Company contributions during fiscal 2015, 2014 and 2013, were $38.1 million, $27.9 million and $22.1 million, respectively. |
Legal_Proceedings_and_Claims
Legal Proceedings and Claims | 12 Months Ended |
Jan. 31, 2015 | |
Commitments and Contingencies Disclosure [Abstract] | |
Legal Proceedings and Claims | Legal Proceedings and Claims |
In the ordinary course of business, the Company is or may be involved in various legal proceedings and claims related to alleged infringement of third-party patents and other intellectual property rights, commercial, corporate and securities, labor and employment, class actions, wage and hour, and other claims. The Company has been, and may in the future be, put on notice and/or sued by third parties for alleged infringement of their proprietary rights, including patent infringement. | |
During fiscal 2015, the Company received a communication from a large technology company alleging that the Company infringed certain of its patents. The Company continues to analyze this claim. No litigation has been filed to date. There can be no assurance that this claim will not lead to litigation in the future. The resolution of this claim is not expected to have a material adverse effect on the Company's financial condition, but it could be material to the net income or cash flows or both of a particular quarter. | |
In general, the resolution of a legal matter could prevent the Company from offering its service to others, could be material to the Company’s financial condition or cash flows, or both, or could otherwise adversely affect the Company’s operating results. | |
The Company makes a provision for a liability relating to legal matters when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. These provisions are reviewed at least quarterly and adjusted to reflect the impacts of negotiations, estimated settlements, legal rulings, advice of legal counsel and other information and events pertaining to a particular matter. In management’s opinion, resolution of all current matters is not expected to have a material adverse impact on the Company’s consolidated results of operations, cash flows or financial position. However, depending on the nature and timing of any such dispute, an unfavorable resolution of a matter could materially affect the Company’s future results of operations or cash flows, or both, of a particular quarter. |
RelatedParty_Transactions
Related-Party Transactions | 12 Months Ended |
Jan. 31, 2015 | |
Related Party Transactions [Abstract] | |
Related-Party Transactions | Related-Party Transactions |
In January 1999, the Salesforce.com Foundation, which recently became a private Foundation, also referred to as the Foundation, was chartered to build philanthropic programs that are focused on youth and technology. Beginning in 2008, Salesforce.org, which is a non-profit mutual benefit corporation, was established to resell the Company’s services to nonprofit organizations and certain higher education organizations. The Company’s chairman is the chairman of both the Foundation and Salesforce.org. The Company’s chairman, one of the Company’s employees and one of the Company’s board members hold three of the Foundation’s nine board seats. The Company’s chairman and one of the Company’s employees hold two of Salesforce.org’s six board seats. The Company does not control the Foundation’s or Salesforce.org's activities, and accordingly, the Company does not consolidate either of the related entities' statement of activities with its financial results. | |
Since the Foundation’s inception, the Company has provided at no charge certain resources to Foundation employees such as office space. The value of these items was approximately $1.3 million for fiscal 2015. | |
Additionally, the Company has donated subscriptions to the Company’s service to other qualified non-profit organizations. The Company also allows Salesforce.org to resell the Company’s service to non-profit organizations and certain higher education entities. The Company does not charge Salesforce.org for these subscriptions, so revenue from subscriptions provided to non-profit organizations is provided to the Foundation to fund its charitable work. The value of the subscriptions pursuant to reseller agreements was approximately $45.4 million for fiscal 2015. The Company plans to continue these programs. |
Subsequent_Events
Subsequent Events | 12 Months Ended |
Jan. 31, 2015 | |
Subsequent Events [Abstract] | |
Subsequent Events | Subsequent Event |
In February 2015, the Company acquired 50 Fremont Street, a 41-story building totaling approximately 817,000 rentable square feet located in San Francisco, California (“50 Fremont”). The Company acquired 50 Fremont for the purpose of expanding its global headquarters in San Francisco. The acquisition will be accounted for as a business combination. As of January 31, 2015, the Company was leasing approximately 500,000 square feet of the available space in 50 Fremont. | |
Beginning with the fiscal quarter ended April 30, 2015, the Company will include the financial results of 50 Fremont in its condensed consolidated financial statements from the date of acquisition. The total purchase price for 50 Fremont of $629.3 million included $322.6 million in cash, $115.0 million of proceeds from a like-kind exchange account from the sale of the undeveloped real estate described in Note 3 “Property and Equipment,” and the assumption of a $200.0 million loan secured by 50 Fremont. In connection with the purchase, the Company will recognize a non-cash gain totaling approximately $42.0 million on the termination of the lease signed in January 2012 and the preliminary tax impact is insignificant after considering the impact of the valuation allowance. |
Selected_Quarterly_Financial_D
Selected Quarterly Financial Data (Unaudited) | 12 Months Ended | ||||||||||||||||||||
Jan. 31, 2015 | |||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||||||
Selected Quarterly Financial Data (Unaudited) | Selected Quarterly Financial Data (Unaudited) | ||||||||||||||||||||
Selected summarized quarterly financial information for fiscal 2015 and 2014 is as follows: | |||||||||||||||||||||
1st | 2nd | 3rd | 4th | Fiscal Year | |||||||||||||||||
Quarter | Quarter | Quarter | Quarter | ||||||||||||||||||
(in thousands, except per share data) | |||||||||||||||||||||
Fiscal 2015 | |||||||||||||||||||||
Revenues | $ | 1,226,772 | $ | 1,318,551 | $ | 1,383,655 | $ | 1,444,608 | $ | 5,373,586 | |||||||||||
Gross profit | 934,467 | 1,010,720 | 1,050,444 | 1,088,685 | 4,084,316 | ||||||||||||||||
Loss from operations | (55,341 | ) | (33,434 | ) | (22,042 | ) | (34,816 | ) | (145,633 | ) | |||||||||||
Net loss | (96,911 | ) | (61,088 | ) | (38,924 | ) | (65,765 | ) | (262,688 | ) | |||||||||||
Basic net loss per share | $ | (0.16 | ) | $ | (0.10 | ) | $ | (0.06 | ) | $ | (0.10 | ) | $ | (0.42 | ) | ||||||
Diluted net loss per share | $ | (0.16 | ) | $ | (0.10 | ) | $ | (0.06 | ) | $ | (0.10 | ) | $ | (0.42 | ) | ||||||
Fiscal 2014 | |||||||||||||||||||||
Revenues | $ | 892,633 | $ | 957,094 | $ | 1,076,034 | $ | 1,145,242 | $ | 4,071,003 | |||||||||||
Gross profit | 683,639 | 739,377 | 807,847 | 871,712 | 3,102,575 | ||||||||||||||||
Loss from operations | (44,540 | ) | (39,857 | ) | (97,931 | ) | (103,746 | ) | (286,074 | ) | |||||||||||
Net income (loss) | (67,721 | ) | 76,603 | (124,434 | ) | (116,623 | ) | (232,175 | ) | ||||||||||||
Basic net income (loss) per share | $ | (0.12 | ) | $ | 0.13 | $ | (0.21 | ) | $ | (0.19 | ) | $ | (0.39 | ) | |||||||
Diluted net income (loss) per share | $ | (0.12 | ) | $ | 0.12 | $ | (0.21 | ) | $ | (0.19 | ) | $ | (0.39 | ) | |||||||
Schedule_II_Valuation_and_Qual
Schedule II Valuation and Qualifying Accounts | 12 Months Ended | ||||||||||||||||
Jan. 31, 2015 | |||||||||||||||||
Valuation and Qualifying Accounts [Abstract] | |||||||||||||||||
Schedule II Valuation and Qualifying Accounts | Schedule II Valuation and Qualifying Accounts | ||||||||||||||||
Description | Balance at | Additions | Deductions | Balance at | |||||||||||||
Beginning of | Write-offs | End of Year | |||||||||||||||
Year | |||||||||||||||||
Fiscal year ended January 31, 2015 | |||||||||||||||||
Allowance for doubtful accounts | $ | 4,769,000 | $ | 6,867,000 | $ | (3,490,000 | ) | $ | 8,146,000 | ||||||||
Fiscal year ended January 31, 2014 | |||||||||||||||||
Allowance for doubtful accounts | $ | 1,853,000 | $ | 7,963,000 | $ | (5,047,000 | ) | $ | 4,769,000 | ||||||||
Fiscal year ended January 31, 2013 | |||||||||||||||||
Allowance for doubtful accounts | $ | 1,273,000 | $ | 6,350,000 | $ | (5,770,000 | ) | $ | 1,853,000 | ||||||||
Summary_of_Business_and_Signif1
Summary of Business and Significant Accounting Policies (Policies) | 12 Months Ended | |
Jan. 31, 2015 | ||
Accounting Policies [Abstract] | ||
Fiscal Year | Fiscal Year | |
The Company’s fiscal year ends on January 31. References to fiscal 2015, for example, refer to the fiscal year ending January 31, 2015. | ||
Basis of Presentation | Basis of Presentation | |
On March 20, 2013, the Company’s certificate of incorporation was amended to increase the number of authorized shares of common stock from 400.0 million to 1.6 billion in order to provide for a four-for-one stock split of the common stock effected in the form of a stock dividend. The record date for the stock split was April 3, 2013, and the additional shares were distributed on April 17, 2013. Each stockholder of record on the close of business on the record date received three additional shares of common stock for each share held. All share and per share data presented herein reflect the impact of the increase in authorized shares and the stock split, as appropriate. | ||
Use of Estimates | Use of Estimates | |
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions in the Company’s consolidated financial statements and notes thereto. | ||
Significant estimates and assumptions made by management include the determination of: | ||
• | the best estimate of selling price of the deliverables included in multiple deliverable revenue arrangements, | |
• | the fair value of assets acquired and liabilities assumed for business combinations, | |
• | the recognition, measurement and valuation of current and deferred income taxes, | |
• | the fair value of convertible notes, | |
• | the fair value of stock awards issued and related forfeiture rates, | |
• | the valuation of strategic investments and the determination of other-than-temporary impairments, and | |
• | the assessment of determination of impairment of long-lived assets (property and equipment, goodwill and identified intangibles). | |
Actual results could differ materially from those estimates. | ||
Principles of Consolidation | Principles of Consolidation | |
The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. | ||
Segments | Segments | |
The Company operates as one operating segment. Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker, who is the chief executive officer, in deciding how to allocate resources and assessing performance. Over the past few years, the Company has completed several acquisitions. These acquisitions have allowed the Company to expand its offerings, presence and reach in various market segments of the enterprise cloud computing market. While the Company has offerings in multiple enterprise cloud computing market segments, the Company’s business operates in one operating segment because all of the Company's offerings operate on a single platform and are deployed in an identical way, and the Company’s chief operating decision maker evaluates the Company’s financial information and resources and assesses the performance of these resources on a consolidated basis. Since the Company operates in one operating segment, all required financial segment information can be found in the consolidated financial statements. | ||
Concentrations of Credit Risk and Significant Customers | Concentrations of Credit Risk and Significant Customers | |
The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents, marketable securities, restricted cash and trade accounts receivable. Although the Company deposits its cash with multiple financial institutions, its deposits, at times, may exceed federally insured limits. Collateral is not required for accounts receivable. The Company maintains an allowance for doubtful accounts receivable balances. This allowance is based upon historical loss patterns, the number of days that billings are past due and an evaluation of the potential risk of loss associated with delinquent accounts. | ||
Revenue Recognition | Revenue Recognition | |
The Company derives its revenues from two sources: (1) subscription revenues, which are comprised of subscription fees from customers accessing the Company’s enterprise cloud computing services and from customers paying for additional support beyond the standard support that is included in the basic subscription fees; and (2) related professional services such as process mapping, project management, implementation services and other revenue. “Other revenue” consists primarily of training fees. | ||
The Company commences revenue recognition when all of the following conditions are satisfied: | ||
• | there is persuasive evidence of an arrangement; | |
• | the service has been or is being provided to the customer; | |
• | the collection of the fees is reasonably assured; and | |
• | the amount of fees to be paid by the customer is fixed or determinable. | |
The Company’s subscription service arrangements are non-cancelable and do not contain refund-type provisions. | ||
Subscription and Support Revenues | ||
Subscription and support revenues are recognized ratably over the contract terms beginning on the commencement date of each contract, which is the date the Company’s service is made available to customers. | ||
Amounts that have been invoiced are recorded in accounts receivable and in deferred revenue or revenue, depending on whether the revenue recognition criteria have been met. | ||
Professional Services and Other Revenues | ||
The majority of the Company’s professional services contracts are on a time and material basis. When these services are not combined with subscription revenues as a single unit of accounting, as discussed below, these revenues are recognized as the services are rendered for time and material contracts, and when the milestones are achieved and accepted by the customer for fixed price contracts. Training revenues are recognized as the services are performed. | ||
Multiple Deliverable Arrangements | ||
The Company enters into arrangements with multiple deliverables that generally include multiple subscriptions, premium support and professional services. If the deliverables have standalone value upon delivery, the Company accounts for each deliverable separately. Subscription services have standalone value as such services are often sold separately. In determining whether professional services have standalone value, the Company considers the following factors for each professional services agreement: availability of the services from other vendors, the nature of the professional services, the timing of when the professional services contract was signed in comparison to the subscription service start date and the contractual dependence of the subscription service on the customer’s satisfaction with the professional services work. To date, the Company has concluded that all of the professional services included in multiple deliverable arrangements executed have standalone value. | ||
Multiple deliverables included in an arrangement are separated into different units of accounting and the arrangement consideration is allocated to the identified separate units based on a relative selling price hierarchy. The Company determines the relative selling price for a deliverable based on its vendor-specific objective evidence of selling price (“VSOE”), if available, or its best estimate of selling price (“BESP”), if VSOE is not available. The Company has determined that third-party evidence of selling price (“TPE”) is not a practical alternative due to differences in its service offerings compared to other parties and the availability of relevant third-party pricing information. The amount of revenue allocated to delivered items is limited by contingent revenue, if any. | ||
For certain professional services, the Company has established VSOE as a consistent number of standalone sales of these deliverables have been priced within a reasonably narrow range. The Company has not established VSOE for its subscription services due to lack of pricing consistency, the introduction of new services and other factors. Accordingly, the Company uses its BESP to determine the relative selling price for its subscription services. | ||
The Company determines BESP by considering its overall pricing objectives and market conditions. Significant pricing practices taken into consideration include the Company’s discounting practices, the size and volume of the Company’s transactions, the customer demographic, the geographic area where services are sold, price lists, its go-to-market strategy, historical standalone sales and contract prices. The determination of BESP is made through consultation with and approval by the Company’s management, taking into consideration the go-to-market strategy. As the Company’s go-to-market strategies evolve, the Company may modify its pricing practices in the future, which could result in changes in relative selling prices, including both VSOE and BESP. | ||
Deferred Revenue | Deferred Revenue | |
The deferred revenue balance does not represent the total contract value of annual or multi-year, non-cancelable subscription agreements. Deferred revenue primarily consists of billings or payments received in advance of revenue recognition from subscription services described above and is recognized as the revenue recognition criteria are met. The Company generally invoices customers in annual installments. The deferred revenue balance is influenced by several factors, including seasonality, the compounding effects of renewals, invoice duration, invoice timing, size and new business linearity within the quarter. | ||
Deferred revenue that will be recognized during the succeeding twelve month period is recorded as current deferred revenue and the remaining portion is recorded as noncurrent. | ||
Deferred Commissions | Deferred Commissions | |
Deferred commissions are the incremental costs that are directly associated with non-cancelable subscription contracts with customers and consist of sales commissions paid to the Company’s direct sales force. | ||
The commissions are deferred and amortized over the non-cancelable terms of the related customer contracts, which are typically 12 to 36 months. The commission payments are paid in full the month after the customer’s service commences. The deferred commission amounts are recoverable through the future revenue streams under the non-cancelable customer contracts. The Company believes this is the preferable method of accounting as the commission charges are so closely related to the revenue from the non-cancelable customer contracts that they should be recorded as an asset and charged to expense over the same period that the subscription revenue is recognized. Amortization of deferred commissions is included in marketing and sales expense in the accompanying consolidated statements of operations. | ||
Cash and Cash Equivalents | Cash and Cash Equivalents | |
The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash and cash equivalents are stated at fair value. | ||
Marketable Securities | Marketable Securities | |
Management determines the appropriate classification of marketable securities at the time of purchase and reevaluates such determination at each balance sheet date. Securities are classified as available for sale and are carried at fair value, with the change in unrealized gains and losses, net of tax, reported as a separate component on the consolidated statements of comprehensive loss. Fair value is determined based on quoted market rates when observable or utilizing data points that are observable, such as quoted prices, interest rates and yield curves. Declines in fair value judged to be other-than-temporary on securities available for sale are included as a component of investment income. In order to determine whether a decline in value is other-than-temporary, the Company evaluates, among other factors: the duration and extent to which the fair value has been less than the carrying value and its intent and ability to retain the investment for a period of time sufficient to allow for any anticipated recovery in fair value. The cost of securities sold is based on the specific-identification method. Interest on securities classified as available for sale is also included as a component of investment income. | ||
Fair Value Measurement | Fair Value Measurement | |
The Company measures its cash equivalents, marketable securities and foreign currency derivative contracts at fair value. | ||
Property and Equipment | Property and Equipment | |
Property and equipment are stated at cost. Depreciation is calculated on a straight-line basis over the estimated useful lives of those assets as follows: | ||
Computer, equipment and software | 3 to 9 years | |
Furniture and fixtures | 5 years | |
Leasehold improvements | Shorter of the estimated lease term or 10 years | |
Building improvements | Amortized over the estimated useful lives of the respective assets when they are ready for their intended use | |
When assets are retired or otherwise disposed of, the cost and accumulated depreciation and amortization are removed from their respective accounts and any loss on such retirement is reflected in operating expenses. | ||
Capitalized Internal-Use Software Costs | Capitalized Internal-Use Software Costs | |
The Company capitalizes costs related to its enterprise cloud computing services and certain projects for internal use incurred during the application development stage. Costs related to preliminary project activities and post implementation activities are expensed as incurred. Internal-use software is amortized on a straight-line basis over its estimated useful life, which is generally three to five years. Management evaluates the useful lives of these assets on an annual basis and tests for impairment whenever events or changes in circumstances occur that could impact the recoverability of these assets. | ||
Goodwill, Intangible Assets, Long-Lived Assets and Impairment Assessments | Goodwill, Intangible Assets, Long-Lived Assets and Impairment Assessments | |
The Company evaluates and tests the recoverability of its goodwill for impairment at least annually during the fourth quarter or more often if and when circumstances indicate that goodwill may not be recoverable. | ||
Intangible assets are amortized over their useful lives. Each period the Company evaluates the estimated remaining useful life of its intangible assets and whether events or changes in circumstances warrant a revision to the remaining period of amortization. The carrying amounts of these assets are periodically reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of these assets may not be recoverable. Recoverability of these assets is measured by comparison of the carrying amount of each asset to the future undiscounted cash flows the asset is expected to generate. If the undiscounted cash flows used in the test for recoverability are less than the carrying amount of these assets, then the carrying amount of such assets is reduced to fair value. | ||
The Company evaluates the recoverability of its long-lived assets for possible impairment whenever events or circumstances indicate that the carrying amount of such assets may not be recoverable. If such review indicates that the carrying amount of long-lived assets is not recoverable, the carrying amount of such assets is reduced to fair value. | ||
Business Combinations | Business Combinations | |
The Company uses its best estimates and assumptions to accurately assign fair value to the tangible and intangible assets acquired and liabilities assumed at the acquisition date. The Company’s estimates are inherently uncertain and subject to refinement. During the measurement period, which may be up to one year from the acquisition date, the Company may record adjustments to the fair value of these tangible and intangible assets acquired and liabilities assumed, with the corresponding offset to goodwill. In addition, uncertain tax positions and tax-related valuation allowances are initially established in connection with a business combination as of the acquisition date. The Company continues to collect information and reevaluates these estimates and assumptions quarterly and records any adjustments to the Company’s preliminary estimates to goodwill provided that the Company is within the measurement period. Upon the conclusion of the measurement period or final determination of the fair value of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the Company’s consolidated statements of operations. | ||
Leases and Asset Retirement Obligations | Leases and Asset Retirement Obligations | |
The Company categorizes leases at their inception as either operating or capital leases. In certain lease agreements, the Company may receive rent holidays and other incentives. The Company recognizes lease costs on a straight-line basis once control of the space is achieved, without regard to deferred payment terms such as rent holidays that defer the commencement date of required payments. Additionally, incentives received are treated as a reduction of costs over the term of the agreement. | ||
The Company establishes assets and liabilities for the present value of estimated future costs to retire long-lived assets at the termination or expiration of a lease. Such assets are depreciated over the lease period into operating expense, and the recorded liabilities are accreted to the future value of the estimated retirement costs. | ||
The Company records assets and liabilities for the estimated construction costs incurred under build-to-suit lease arrangements to the extent it is involved in the construction of structural improvements or takes construction risk prior to commencement of a lease. | ||
Accounting for Stock-Based Compensation | The Company estimated its future stock price volatility considering both its observed option-implied volatilities and its historical volatility calculations. Management believes this is the best estimate of the expected volatility over the expected life of its stock options and stock purchase rights. | |
The estimated life for the stock options was based on an analysis of historical exercise activity. The estimated life of the ESPP was based on the two purchase periods within each offering period. The risk-free interest rate is based on the rate for a U.S. government security with the same estimated life at the time of the option grant and the stock purchase rights. | ||
Accounting for Stock-Based Expense | ||
The Company recognizes stock-based expenses related to stock options and restricted stock awards on a straight-line basis over the requisite service period of the awards, which is generally the vesting term of four years. The Company recognizes stock-based expenses related to shares issued pursuant to its 2004 Employee Stock Purchase Plan (“ESPP”) on a straight-line basis over the offering period, which is 12 months. Stock-based expenses are recognized net of estimated forfeiture activity. The estimated forfeiture rate applied is based on historical forfeiture rates. The Company does not anticipate paying any cash dividends in the foreseeable future and therefore uses an expected dividend yield of zero in the option pricing model. | ||
Advertising Expenses | Advertising is expensed as incurred. | |
Income Taxes | Income Taxes | |
The Company uses the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are determined based on temporary differences between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect on deferred tax assets and liabilities of a change in tax laws is recognized in the consolidated statement of operations in the period that includes the enactment date. | ||
The Company’s tax positions are subject to income tax audits by multiple tax jurisdictions throughout the world. The Company recognizes the tax benefit of an uncertain tax position only if it is more likely than not that the position is sustainable upon examination by the taxing authority, solely based on its technical merits. The tax benefit recognized is measured as the largest amount of benefit which is greater than 50 percent likely to be realized upon settlement with the taxing authority. The Company recognizes interest accrued and penalties related to unrecognized tax benefits in the income tax provision. | ||
Valuation allowances are established when necessary to reduce deferred tax assets to the amounts that are more likely than not expected to be realized based on the weighting of positive and negative evidence. Future realization of deferred tax assets ultimately depends on the existence of sufficient taxable income of the appropriate character (for example, ordinary income or capital gain) within the carryback or carryforward periods available under the applicable tax law. The Company regularly reviews the deferred tax assets for recoverability based on historical taxable income, projected future taxable income, the expected timing of the reversals of existing temporary differences and tax planning strategies. The Company’s judgments regarding future profitability may change due to many factors, including future market conditions and the ability to successfully execute its business plans and/or tax planning strategies. Should there be a change in the ability to recover deferred tax assets, the tax provision would increase or decrease in the period in which the assessment is changed. | ||
Foreign Currency Translation | Foreign Currency Translation | |
The functional currency of the Company’s major foreign subsidiaries is generally the local currency. Adjustments resulting from translating foreign functional currency financial statements into U.S. dollars are recorded as a separate component on the consolidated statements of comprehensive loss. Foreign currency transaction gains and losses are included in net loss for the period. All assets and liabilities denominated in a foreign currency are translated into U.S. dollars at the exchange rate on the balance sheet date. Revenues and expenses are translated at the average exchange rate during the period. Equity transactions are translated using historical exchange rates. | ||
Warranties and Indemnification | Warranties and Indemnification | |
The Company’s enterprise cloud computing services are typically warranted to perform in a manner consistent with general industry standards that are reasonably applicable and materially in accordance with the Company’s online help documentation under normal use and circumstances. | ||
The Company’s arrangements generally include certain provisions for indemnifying customers against liabilities if its products or services infringe a third party’s intellectual property rights. To date, the Company has not incurred any material costs as a result of such obligations and has not accrued any liabilities related to such obligations in the accompanying consolidated financial statements. | ||
The Company has also agreed to indemnify its directors and executive officers for costs associated with any fees, expenses, judgments, fines and settlement amounts incurred by any of these persons in any action or proceeding to which any of those persons is, or is threatened to be, made a party by reason of the person’s service as a director or officer, including any action by the Company, arising out of that person’s services as the Company’s director or officer or that person’s services provided to any other company or enterprise at the Company’s request. The Company maintains director and officer insurance coverage that would generally enable the Company to recover a portion of any future amounts paid. The Company may also be subject to indemnification obligations by law with respect to the actions of its employees under certain circumstances and in certain jurisdictions. | ||
New Accounting Pronouncement | New Accounting Pronouncement | |
In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”) which amended the existing FASB Accounting Standards Codification. This standard establishes a principle for recognizing revenue upon the transfer of promised goods or services to customers, in an amount that reflects the expected consideration received in exchange for those goods or services. The standard also provides guidance on the recognition of costs related to obtaining and fulfilling customer contracts. ASU 2014-09 is effective for fiscal 2018, including interim periods within that reporting period. Early adoption is not permitted. The Company is currently in the process of assessing the adoption methodology, which allows the amendment to be applied retrospectively to each prior period presented, or with the cumulative effect recognized as of the date of initial application. The Company is also evaluating the impact of the adoption of ASU 2014-09 on its consolidated financial statements and has not determined whether the effect will be material to either its revenue results or its deferred commissions balances. | ||
Reclassifications | ||
Certain reclassifications to the fiscal 2014 balances were made to conform to the current period presentation in the Statement of Cash Flows. These reclassifications include loss on conversions and amortization of debt discount. | ||
Reclassifications | Reclassifications | |
Certain reclassifications to the fiscal 2014 balances were made to conform to the current period presentation in the Statement of Cash Flows. These reclassifications include loss on conversions and amortization of debt discount. |
Summary_of_Business_and_Signif2
Summary of Business and Significant Accounting Policies (Tables) | 12 Months Ended | ||||||||||||||||
Jan. 31, 2015 | |||||||||||||||||
Accounting Policies [Abstract] | |||||||||||||||||
Revenues By Geographical Region | Revenues by geographical region are as follows (in thousands): | ||||||||||||||||
Fiscal Year Ended January 31, | |||||||||||||||||
2015 | 2014 | 2013 | |||||||||||||||
Americas | $ | 3,868,329 | $ | 2,899,837 | $ | 2,123,736 | |||||||||||
Europe | 984,919 | 741,220 | 525,304 | ||||||||||||||
Asia Pacific | 520,338 | 429,946 | 401,155 | ||||||||||||||
$ | 5,373,586 | $ | 4,071,003 | $ | 3,050,195 | ||||||||||||
Schedule Of Property And Equipment Estimated Useful Lives | Property and equipment are stated at cost. Depreciation is calculated on a straight-line basis over the estimated useful lives of those assets as follows: | ||||||||||||||||
Computer, equipment and software | 3 to 9 years | ||||||||||||||||
Furniture and fixtures | 5 years | ||||||||||||||||
Leasehold improvements | Shorter of the estimated lease term or 10 years | ||||||||||||||||
Building improvements | Amortized over the estimated useful lives of the respective assets when they are ready for their intended use | ||||||||||||||||
Schedule Of Assumptions Used To Calculate Fair Value Of Options Granted | The fair value of each stock option grant was estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions and fair value per share: | ||||||||||||||||
Fiscal Year Ended January 31, | |||||||||||||||||
Stock Options | 2015 | 2014 | 2013 | ||||||||||||||
Volatility | 37 | % | 37-43 | % | 43 - 51 | % | |||||||||||
Estimated life | 3.6 years | 3.4 years | 3.7 years | ||||||||||||||
Risk-free interest rate | 1.12-1.53 | % | 0.48-1.21 | % | 0.43-0.77 | % | |||||||||||
Weighted-average fair value per share of grants | $ | 17.2 | $ | 14.08 | $ | 12.94 | |||||||||||
Fiscal Year Ended January 31, | |||||||||||||||||
ESPP | 2015 | 2014 | 2013 | ||||||||||||||
Volatility | 32-35 | % | 31-35 | % | 39 - 46 | % | |||||||||||
Estimated life | 0.75 years | 0.75 years | 0.75 years | ||||||||||||||
Risk-free interest rate | 0.07-0.23 | % | 0.07-0.10 | % | 0.03-0.22 | % | |||||||||||
Weighted-average fair value per share of grants | $ | 14.56 | $ | 10.3 | $ | 11.39 | |||||||||||
Investments_Tables
Investments (Tables) | 12 Months Ended | |||||||||||||||||||||||
Jan. 31, 2015 | ||||||||||||||||||||||||
Investments Schedule [Abstract] | ||||||||||||||||||||||||
Schedule of Marketable Securities | At January 31, 2015, marketable securities consisted of the following (in thousands): | |||||||||||||||||||||||
Investments classified as Marketable Securities | Amortized | Unrealized | Unrealized | Fair Value | ||||||||||||||||||||
Cost | Gains | Losses | ||||||||||||||||||||||
Corporate notes and obligations | $ | 605,724 | $ | 3,031 | $ | (481 | ) | $ | 608,274 | |||||||||||||||
U.S. treasury securities | 73,226 | 257 | (1 | ) | 73,482 | |||||||||||||||||||
Mortgage backed obligations | 44,181 | 159 | (415 | ) | 43,925 | |||||||||||||||||||
Asset backed securities | 120,049 | 131 | (43 | ) | 120,137 | |||||||||||||||||||
Municipal securities | 36,447 | 115 | (25 | ) | 36,537 | |||||||||||||||||||
Foreign government obligations | 12,023 | 278 | 0 | 12,301 | ||||||||||||||||||||
U.S. agency obligations | 19,488 | 26 | (4 | ) | 19,510 | |||||||||||||||||||
Covered bonds | 66,816 | 1,185 | 0 | 68,001 | ||||||||||||||||||||
Total marketable securities | $ | 977,954 | $ | 5,182 | $ | (969 | ) | $ | 982,167 | |||||||||||||||
At January 31, 2014, marketable securities consisted of the following (in thousands): | ||||||||||||||||||||||||
Investments classified as Marketable Securities | Amortized | Unrealized | Unrealized | Fair Value | ||||||||||||||||||||
Cost | Gains | Losses | ||||||||||||||||||||||
Corporate notes and obligations | $ | 340,706 | $ | 1,314 | $ | (170 | ) | $ | 341,850 | |||||||||||||||
U.S. treasury securities | 16,016 | 28 | 0 | 16,044 | ||||||||||||||||||||
Mortgage backed obligations | 24,888 | 281 | (93 | ) | 25,076 | |||||||||||||||||||
Asset backed securities | 38,213 | 39 | (35 | ) | 38,217 | |||||||||||||||||||
Municipal securities | 2,000 | 1 | (3 | ) | 1,998 | |||||||||||||||||||
Foreign government obligations | 24,305 | 171 | (2 | ) | 24,474 | |||||||||||||||||||
U.S. agency obligations | 14,726 | 9 | (10 | ) | 14,725 | |||||||||||||||||||
Covered bonds | 76,282 | 717 | (1 | ) | 76,998 | |||||||||||||||||||
Total marketable securities | $ | 537,136 | $ | 2,560 | $ | (314 | ) | $ | 539,382 | |||||||||||||||
Schedule of Short-Term and Long-Term Marketable Securities | The duration of the investments classified as marketable securities is as follows (in thousands): | |||||||||||||||||||||||
As of | ||||||||||||||||||||||||
January 31, | January 31, | |||||||||||||||||||||||
2015 | 2014 | |||||||||||||||||||||||
Recorded as follows: | ||||||||||||||||||||||||
Short-term (due in one year or less) | $ | 87,312 | $ | 57,139 | ||||||||||||||||||||
Long-term (due after one year) | 894,855 | 482,243 | ||||||||||||||||||||||
$ | 982,167 | $ | 539,382 | |||||||||||||||||||||
Schedule of Marketable Securities in a Unrealized Loss Position | As of January 31, 2015, the following marketable securities were in an unrealized loss position (in thousands): | |||||||||||||||||||||||
Less than 12 Months | 12 Months or Greater | Total | ||||||||||||||||||||||
Fair Value | Unrealized | Fair Value | Unrealized | Fair Value | Unrealized | |||||||||||||||||||
Losses | Losses | Losses | ||||||||||||||||||||||
Corporate notes and obligations | $ | 185,716 | $ | (468 | ) | $ | 2,650 | $ | (13 | ) | $ | 188,366 | $ | (481 | ) | |||||||||
U.S. treasury securities | 3,005 | (1 | ) | 0 | 0 | 3,005 | (1 | ) | ||||||||||||||||
Mortgage backed obligations | 30,853 | (397 | ) | 1,461 | (18 | ) | 32,314 | (415 | ) | |||||||||||||||
Asset backed securities | 52,796 | (39 | ) | 1,633 | (4 | ) | 54,429 | (43 | ) | |||||||||||||||
Municipal securities | 10,552 | (24 | ) | 999 | (1 | ) | 11,551 | (25 | ) | |||||||||||||||
U.S. agency obligations | 1,996 | (4 | ) | 0 | 0 | 1,996 | (4 | ) | ||||||||||||||||
$ | 284,918 | $ | (933 | ) | $ | 6,743 | $ | (36 | ) | $ | 291,661 | $ | (969 | ) | ||||||||||
Schedule of Assets and Liabilities Measured at Fair Value an a Recurring Basis | The following table presents information about the Company’s assets and liabilities that are measured at fair value as of January 31, 2015 and indicates the fair value hierarchy of the valuation (in thousands): | |||||||||||||||||||||||
Description | Quoted Prices in | Significant Other | Significant | Balances as of | ||||||||||||||||||||
Active Markets | Observable | Unobservable | 31-Jan-15 | |||||||||||||||||||||
for Identical Assets | Inputs | Inputs | ||||||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | ||||||||||||||||||||||
Cash equivalents (1): | ||||||||||||||||||||||||
Time deposits | $ | 0 | $ | 292,487 | $ | 0 | $ | 292,487 | ||||||||||||||||
Money market mutual funds | 13,983 | 0 | 0 | 13,983 | ||||||||||||||||||||
Marketable securities: | ||||||||||||||||||||||||
Corporate notes and obligations | 0 | 608,274 | 0 | 608,274 | ||||||||||||||||||||
U.S. treasury securities | 0 | 73,482 | 0 | 73,482 | ||||||||||||||||||||
Mortgage backed obligations | 0 | 43,925 | 0 | 43,925 | ||||||||||||||||||||
Asset backed securities | 0 | 120,137 | 0 | 120,137 | ||||||||||||||||||||
Municipal securities | 0 | 36,537 | 0 | 36,537 | ||||||||||||||||||||
Foreign government obligations | 0 | 12,301 | 0 | 12,301 | ||||||||||||||||||||
U.S. agency obligations | 0 | 19,510 | 0 | 19,510 | ||||||||||||||||||||
Covered bonds | 0 | 68,001 | 0 | 68,001 | ||||||||||||||||||||
Foreign currency derivative contracts (2) | 0 | 10,611 | 0 | 10,611 | ||||||||||||||||||||
Total Assets | $ | 13,983 | $ | 1,285,265 | $ | 0 | $ | 1,299,248 | ||||||||||||||||
Liabilities | ||||||||||||||||||||||||
Foreign currency derivative contracts (3) | $ | 0 | $ | 5,694 | $ | 0 | $ | 5,694 | ||||||||||||||||
Total Liabilities | $ | 0 | $ | 5,694 | $ | 0 | $ | 5,694 | ||||||||||||||||
_____________ | ||||||||||||||||||||||||
(1)Included in “cash and cash equivalents” in the accompanying consolidated balance sheet as of January 31, 2015, in addition to $601.6 million of cash. | ||||||||||||||||||||||||
(2)Included in “prepaid expenses and other current assets” in the accompanying consolidated balance sheet as of January 31, 2015. | ||||||||||||||||||||||||
(3)Included in “accounts payable, accrued expenses and other liabilities” in the consolidated balance sheet as of January 31, 2015. | ||||||||||||||||||||||||
The following table presents information about the Company’s assets and liabilities that are measured at fair value as of January 31, 2014 and indicates the fair value hierarchy of the valuation (in thousands): | ||||||||||||||||||||||||
Description | Quoted Prices in | Significant Other | Significant | Balances as of | ||||||||||||||||||||
Active Markets | Observable Inputs (Level 2) | Unobservable | January 31, 2014 | |||||||||||||||||||||
for Identical Assets | Inputs | |||||||||||||||||||||||
(Level 1) | (Level 3) | |||||||||||||||||||||||
Cash equivalents (1): | ||||||||||||||||||||||||
Time deposits | $ | 0 | $ | 212,700 | $ | 0 | $ | 212,700 | ||||||||||||||||
Money market mutual funds | 87,898 | 0 | 0 | 87,898 | ||||||||||||||||||||
Marketable securities: | ||||||||||||||||||||||||
Corporate notes and obligations | 0 | 341,850 | 0 | 341,850 | ||||||||||||||||||||
U.S. treasury securities | 0 | 16,044 | 0 | 16,044 | ||||||||||||||||||||
Mortgage backed obligations | 0 | 25,076 | 0 | 25,076 | ||||||||||||||||||||
Asset backed securities | 0 | 38,217 | 0 | 38,217 | ||||||||||||||||||||
Municipal securities | 0 | 1,998 | 0 | 1,998 | ||||||||||||||||||||
Foreign government obligations | 0 | 24,474 | 0 | 24,474 | ||||||||||||||||||||
U.S. agency obligations | 0 | 14,725 | 0 | 14,725 | ||||||||||||||||||||
Covered bonds | 0 | 76,998 | 0 | 76,998 | ||||||||||||||||||||
Foreign currency derivative contracts (2) | 0 | 1,598 | 0 | 1,598 | ||||||||||||||||||||
Total Assets | $ | 87,898 | $ | 753,680 | $ | 0 | $ | 841,578 | ||||||||||||||||
Liabilities | ||||||||||||||||||||||||
Foreign currency derivative contracts (3) | $ | 0 | $ | 1,801 | $ | 0 | $ | 1,801 | ||||||||||||||||
Total Liabilities | $ | 0 | $ | 1,801 | $ | 0 | $ | 1,801 | ||||||||||||||||
______________ | ||||||||||||||||||||||||
(1)Included in “cash and cash equivalents” in the accompanying consolidated balance sheet as of January 31, 2014, in addition to $481.0 million of cash. | ||||||||||||||||||||||||
(2)Included in “prepaid expenses and other current assets” in the accompanying consolidated balance sheet as of January 31, 2014. | ||||||||||||||||||||||||
(3)Included in “accounts payable, accrued expenses and other liabilities” in the accompanying consolidated balance sheet as of January 31, 2014. | ||||||||||||||||||||||||
Schedule of Outstanding Foreign Currency Derivative Contracts Related Primarily to Intercompany Receivables and Payables | Details on outstanding foreign currency derivative contracts related primarily to intercompany receivables and payables are presented below (in thousands): | |||||||||||||||||||||||
As of January 31, | ||||||||||||||||||||||||
2015 | 2014 | |||||||||||||||||||||||
Notional amount of foreign currency derivative contracts | $ | 942,086 | $ | 563,060 | ||||||||||||||||||||
Fair value of foreign currency derivative contracts | $ | 4,917 | $ | (203 | ) | |||||||||||||||||||
Fair Value of Outstanding Derivative Instruments | The fair value of the Company’s outstanding derivative instruments are summarized below (in thousands): | |||||||||||||||||||||||
Fair Value of Derivative Instruments | ||||||||||||||||||||||||
As of January 31, | ||||||||||||||||||||||||
Balance Sheet Location | 2015 | 2014 | ||||||||||||||||||||||
Derivative Assets | ||||||||||||||||||||||||
Derivatives not designated as hedging instruments: | ||||||||||||||||||||||||
Foreign currency derivative contracts | Prepaid expenses and other current assets | $ | 10,611 | $ | 1,598 | |||||||||||||||||||
Derivative Liabilities | ||||||||||||||||||||||||
Derivatives not designated as hedging instruments: | ||||||||||||||||||||||||
Foreign currency derivative contracts | Accounts payable, accrued expenses and other liabilities | $ | 5,694 | $ | 1,801 | |||||||||||||||||||
Schedule of The Effect of The Derivative Instruments Not Designated as Hedging Instruments on the Condensed Consolidated Statements of Operations | The effect of the derivative instruments not designated as hedging instruments on the consolidated statements of operations during fiscal 2015, 2014 and 2013, respectively, are summarized below (in thousands): | |||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | Gains (Losses) on Derivative Instruments | |||||||||||||||||||||||
Recognized in Income | ||||||||||||||||||||||||
Fiscal Year Ended January 31, | ||||||||||||||||||||||||
Location | 2015 | 2014 | 2013 | |||||||||||||||||||||
Foreign currency derivative contracts | Other income (expense) | $ | (1,186 | ) | $ | 108 | $ | 16,591 | ||||||||||||||||
Schedule of Components of Investment Income | Investment income consists of interest income, realized gains, and realized losses on the Company’s cash, cash equivalents and marketable securities. The components of investment income are presented below (in thousands): | |||||||||||||||||||||||
Fiscal Year Ended January 31, | ||||||||||||||||||||||||
2015 | 2014 | 2013 | ||||||||||||||||||||||
Interest income | $ | 10,129 | $ | 9,512 | $ | 17,903 | ||||||||||||||||||
Realized gains | 517 | 5,952 | 5,007 | |||||||||||||||||||||
Realized losses | (608 | ) | (5,246 | ) | (3,348 | ) | ||||||||||||||||||
Total investment income | $ | 10,038 | $ | 10,218 | $ | 19,562 | ||||||||||||||||||
Property_and_Equipment_Tables
Property and Equipment (Tables) | 12 Months Ended | |||||||
Jan. 31, 2015 | ||||||||
Property, Plant and Equipment [Abstract] | ||||||||
Schedule of Property And Equipment | Property and equipment consisted of the following (in thousands): | |||||||
As of January 31, | ||||||||
2015 | 2014 | |||||||
Land and building improvements | $ | 0 | $ | 297,835 | ||||
Computers, equipment and software | 1,171,762 | 931,171 | ||||||
Furniture and fixtures | 71,881 | 58,956 | ||||||
Leasehold improvements | 376,761 | 296,390 | ||||||
Building in progress—leased facility | 125,289 | 40,171 | ||||||
1,745,693 | 1,624,523 | |||||||
Less accumulated depreciation and amortization | (619,827 | ) | (383,777 | ) | ||||
$ | 1,125,866 | $ | 1,240,746 | |||||
Business_Combinations_Tables
Business Combinations (Tables) | 12 Months Ended | ||||||||||||||
Jan. 31, 2015 | |||||||||||||||
Business Acquisition [Line Items] | |||||||||||||||
Schedule of Goodwill | Goodwill consisted of the following (in thousands): | ||||||||||||||
Balance as of January 31, 2013 | $ | 1,529,378 | |||||||||||||
EdgeSpring | 107,165 | ||||||||||||||
ExactTarget | 1,848,653 | ||||||||||||||
Other Acquisitions | 20,646 | ||||||||||||||
Finalization of acquisition date fair values | (5,019 | ) | |||||||||||||
Balance as of January 31, 2014 | $ | 3,500,823 | |||||||||||||
RelateIQ | 289,857 | ||||||||||||||
Finalization of acquisition date fair values | (8,020 | ) | |||||||||||||
Balance as of January 31, 2015 | $ | 3,782,660 | |||||||||||||
Intangible Assets Acquired From Business Combinations | Intangible assets acquired resulting from business combinations are as follows as of January 31, 2015 (in thousands): | ||||||||||||||
Gross | Accumulated | Net Book | Weighted | ||||||||||||
Fair Value | Amortization | Value | Average | ||||||||||||
Remaining | |||||||||||||||
Useful Life | |||||||||||||||
Acquired developed technology | $ | 674,160 | $ | (371,997 | ) | $ | 302,163 | 4.3 | |||||||
Customer relationships | 409,603 | (107,245 | ) | 302,358 | 6.1 | ||||||||||
Trade name and trademark | 38,980 | (17,142 | ) | 21,838 | 1 | ||||||||||
Territory rights and other | 12,355 | (6,522 | ) | 5,833 | 3.1 | ||||||||||
Total | $ | 1,135,098 | $ | (502,906 | ) | $ | 632,192 | 5 | |||||||
During fiscal 2015, the Company revised the remaining useful life of some of its trade name and trademark intangible assets. The remaining carrying amount of these intangible assets was amortized over that revised remaining useful life prospectively, which resulted in additional amortization expense of $4.5 million recognized in the three months ended Janaury 31, 2015. | |||||||||||||||
Intangible assets acquired resulting from business combinations were as follows as of January 31, 2014 (in thousands): | |||||||||||||||
Gross | Accumulated | Net Book | Weighted | ||||||||||||
Fair Value | Amortization | Value | Average | ||||||||||||
Remaining | |||||||||||||||
Useful Life | |||||||||||||||
Acquired developed technology | $ | 659,770 | $ | (281,766 | ) | $ | 378,004 | 4.9 | |||||||
Customer relationships | 409,135 | (53,669 | ) | 355,466 | 7 | ||||||||||
Trade name and trademark | 38,930 | (8,721 | ) | 30,209 | 9 | ||||||||||
Territory rights | 11,125 | (3,963 | ) | 7,162 | 3.8 | ||||||||||
$ | 1,118,960 | $ | (348,119 | ) | $ | 770,841 | 6 | ||||||||
Expected Future Amortization Expense for Purchased Intangible Assets | The expected future amortization expense for purchased intangible assets as of January 31, 2015 is as follows (in thousands): | ||||||||||||||
Fiscal Period: | |||||||||||||||
Fiscal 2016 | $ | 154,776 | |||||||||||||
Fiscal 2017 | 125,144 | ||||||||||||||
Fiscal 2018 | 114,041 | ||||||||||||||
Fiscal 2019 | 100,533 | ||||||||||||||
Fiscal 2020 | 73,191 | ||||||||||||||
Thereafter | 64,507 | ||||||||||||||
Total amortization expense | $ | 632,192 | |||||||||||||
RelateIQ, Inc. [Member] | |||||||||||||||
Business Acquisition [Line Items] | |||||||||||||||
Schedule of Consideration Transferred | The acquisition date fair value of the consideration transferred for RelateIQ was approximately $340.2 million, which consisted of the following (in thousands, except share data): | ||||||||||||||
Fair Value | |||||||||||||||
Cash | $ | 1,123 | |||||||||||||
Common stock (6,320,735 shares) | 338,033 | ||||||||||||||
Fair value of stock options and restricted stock awards assumed | 1,050 | ||||||||||||||
Total | $ | 340,206 | |||||||||||||
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the estimated fair values of assets acquired and liabilities assumed as of the date of acquisition (in thousands): | ||||||||||||||
Fair Value | |||||||||||||||
Cash | $ | 39,194 | |||||||||||||
Intangible assets | 16,200 | ||||||||||||||
Goodwill | 289,857 | ||||||||||||||
Current and noncurrent liabilities | (4,700 | ) | |||||||||||||
Deferred tax liability | (345 | ) | |||||||||||||
Net assets acquired | $ | 340,206 | |||||||||||||
Schedule of Acquired Finite-Lived Intangible Assets | The following table sets forth the components of identifiable intangible assets acquired (in thousands) and their estimated useful lives as of the date of acquisition: | ||||||||||||||
Fair Value | Useful Life | ||||||||||||||
Developed technology | $ | 14,470 | 7 years | ||||||||||||
Customer relationships and other purchased intangible assets | 1,730 | 1-3 years | |||||||||||||
Total | $ | 16,200 | |||||||||||||
ExactTarget [Member] | |||||||||||||||
Business Acquisition [Line Items] | |||||||||||||||
Schedule of Consideration Transferred | The acquisition date fair value of the consideration transferred for ExactTarget was approximately $2.6 billion, including the proceeds from the Term Loan of $300.0 million (see Note 5 “Debt”), which consisted of the following (in thousands): | ||||||||||||||
Fair value | |||||||||||||||
Cash | $ | 2,567,098 | |||||||||||||
Fair value of equity awards assumed | 17,428 | ||||||||||||||
Total | $ | 2,584,526 | |||||||||||||
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the estimated fair values of assets acquired and liabilities assumed as of the date of acquisition (in thousands): | ||||||||||||||
Fair Value | |||||||||||||||
Cash, cash equivalents and marketable securities | $ | 91,549 | |||||||||||||
Accounts receivable | 63,320 | ||||||||||||||
Other current assets | 20,355 | ||||||||||||||
Customer contract asset, current and noncurrent | 205,033 | ||||||||||||||
Property and equipment | 64,782 | ||||||||||||||
Other noncurrent assets | 4,379 | ||||||||||||||
Intangible assets | 706,064 | ||||||||||||||
Goodwill | 1,848,653 | ||||||||||||||
Accounts payable, accrued expenses and other liabilities | (65,636 | ) | |||||||||||||
Deferred revenue, current and noncurrent | (46,615 | ) | |||||||||||||
Customer liability, current and noncurrent | (144,792 | ) | |||||||||||||
Other liabilities, noncurrent | (3,104 | ) | |||||||||||||
Deferred tax liability | (159,462 | ) | |||||||||||||
Net assets acquired | $ | 2,584,526 | |||||||||||||
Schedule of Acquired Finite-Lived Intangible Assets | The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in thousands): | ||||||||||||||
Fair Value | Useful Life | ||||||||||||||
Developed technologies | $ | 307,200 | 4 - 7 years | ||||||||||||
Customer relationships | 362,200 | 6 - 8 years | |||||||||||||
Trade name and trademark | 29,400 | 10 years | |||||||||||||
Other purchased intangible assets | 7,264 | 3 - 4 years | |||||||||||||
Total intangible assets subject to amortization | $ | 706,064 | |||||||||||||
EdgeSpring [Member] | |||||||||||||||
Business Acquisition [Line Items] | |||||||||||||||
Schedule of Consideration Transferred | The acquisition date fair value of the consideration transferred for EdgeSpring was approximately $133.7 million, which consisted of the following (in thousands, except share data): | ||||||||||||||
Fair Value | |||||||||||||||
Cash | $ | 62,580 | |||||||||||||
Common stock (1,850,258 shares) | 69,533 | ||||||||||||||
Fair value of stock options and restricted stock awards assumed | 1,609 | ||||||||||||||
Total | $ | 133,722 | |||||||||||||
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the estimated fair values of assets acquired and liabilities assumed as of the date of acquisition (in thousands): | ||||||||||||||
Fair Value | |||||||||||||||
Current and noncurrent tangible assets | $ | 4,462 | |||||||||||||
Intangible assets | 32,300 | ||||||||||||||
Goodwill | 107,165 | ||||||||||||||
Current and noncurrent liabilities | (666 | ) | |||||||||||||
Deferred tax liability | (9,539 | ) | |||||||||||||
Net assets acquired | $ | 133,722 | |||||||||||||
Schedule of Acquired Finite-Lived Intangible Assets | The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in thousands): | ||||||||||||||
Fair Value | Useful Life | ||||||||||||||
Developed technology | $ | 31,030 | 5-6 years | ||||||||||||
Customer relationships | 560 | 5 years | |||||||||||||
Trade name and trademark | 710 | 5 years | |||||||||||||
Total intangible assets subject to amortization | $ | 32,300 | |||||||||||||
Debt_Tables
Debt (Tables) | 12 Months Ended | |||||||||||||||
Jan. 31, 2015 | ||||||||||||||||
Debt Disclosure [Abstract] | ||||||||||||||||
Summary of Convertible Senior Notes | If converted, holders of the 0.25% Senior Notes will receive cash equal to the principal amount, and at the Company’s election, cash, shares of the Company’s common stock, or a combination of cash and shares, for any amounts in excess of the principal amounts. | |||||||||||||||
Certain terms of the conversion features of the 0.25% Senior Notes are as follows: | ||||||||||||||||
Conversion | Initial | Convertible Date | ||||||||||||||
Rate per $1,000 | Conversion | |||||||||||||||
Par Value | Price per | |||||||||||||||
Share | ||||||||||||||||
0.25% Senior Notes | 15.0512 | $ | 66.44 | January 1, 2018 | ||||||||||||
Convertible Senior Notes | ||||||||||||||||
Par Value Outstanding | Equity | Liability Component of Par Value as of January 31, | ||||||||||||||
(In thousands) | Component Recorded at Issuance | 2015 | 2014 | |||||||||||||
0.75% Convertible Senior Notes due January 15, 2015 | $ | 0 | $ | 125,530 | -1 | $ | 0 | $ | 542,159 | |||||||
0.25% Convertible Senior Notes due April 1, 2018 | 1,150,000 | 122,421 | -2 | 1,070,692 | 1,046,930 | |||||||||||
___________ | ||||||||||||||||
(1)This amount represents the equity component recorded at the initial issuance of the 0.75% convertible senior notes. | ||||||||||||||||
(2)This amount represents the equity component recorded at the initial issuance of the 0.25% convertible senior notes. | ||||||||||||||||
Schedule of Convertible Senior Notes | The 0.25% Senior Notes and the 0.75% Senior Notes (the “Notes”), consisted of the following (in thousands): | |||||||||||||||
As of | ||||||||||||||||
January 31, | January 31, | |||||||||||||||
2015 | 2014 | |||||||||||||||
Liability component : | ||||||||||||||||
Principal: | ||||||||||||||||
0.75% Senior Notes (1) | $ | 0 | $ | 568,864 | ||||||||||||
0.25% Senior Notes (1) | 1,150,000 | 1,150,000 | ||||||||||||||
Less: debt discount, net | ||||||||||||||||
0.75% Senior Notes | 0 | (26,705 | ) | |||||||||||||
0.25% Senior Notes (2) | (79,308 | ) | (103,070 | ) | ||||||||||||
Net carrying amount | $ | 1,070,692 | $ | 1,589,089 | ||||||||||||
(1)The effective interest rates of the 0.75% Senior Notes and 0.25% Senior Notes are 5.86% and 2.53%, respectively. These interest rates were based on the interest rates of a similar liability at the time of issuance that did not have an associated convertible feature. | ||||||||||||||||
(2)Included in the consolidated balance sheets within Convertible 0.25% Senior Notes (which is classified as a noncurrent liability) and is amortized over the life of the 0.25% Senior Notes using the effective interest rate method. | ||||||||||||||||
Summary of Hedge Notes | To minimize the impact of potential economic dilution upon conversion of the Notes, the Company entered into convertible note hedge transactions with respect to its common stock (the “Note Hedges”). | |||||||||||||||
(in thousands, except for shares) | Date | Purchase | Shares | |||||||||||||
0.75% Note Hedges | January 2010 | $ | 126,500 | 26,943,812 | ||||||||||||
0.25% Note Hedges | March 2013 | $ | 153,800 | 17,308,880 | ||||||||||||
Components of Warrants | Warrants | |||||||||||||||
Date | Proceeds | Shares | Strike | |||||||||||||
(in thousands) | Price | |||||||||||||||
0.75% Warrants | January 2010 | $ | 59,300 | 26,943,812 | $ | 29.88 | ||||||||||
0.25% Warrants | March 2013 | $ | 84,800 | 17,308,880 | $ | 90.4 | ||||||||||
Schedule of Interest Expense | The following table sets forth total interest expense recognized related to the Notes, the Term Loan and the Credit Facility prior to capitalization of interest (in thousands): | |||||||||||||||
Fiscal Year Ended January 31, | ||||||||||||||||
2015 | 2014 | 2013 | ||||||||||||||
Contractual interest expense | $ | 10,224 | $ | 10,195 | $ | 4,313 | ||||||||||
Amortization of debt issuance costs | 4,622 | 4,470 | 1,324 | |||||||||||||
Amortization of debt discount | 36,575 | 46,942 | 25,131 | |||||||||||||
$ | 51,421 | $ | 61,607 | $ | 30,768 | |||||||||||
Other_Balance_Sheet_Accounts_T
Other Balance Sheet Accounts (Tables) | 12 Months Ended | |||||||
Jan. 31, 2015 | ||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||||||||
Schedule of Prepaid Expenses and Other Current Assets | Prepaid expenses and other current assets consisted of the following (in thousands): | |||||||
As of | ||||||||
January 31, | January 31, | |||||||
2015 | 2014 | |||||||
Deferred income taxes, net | $ | 35,528 | $ | 49,279 | ||||
Prepaid income taxes | 21,514 | 23,571 | ||||||
Customer contract asset | 16,620 | 77,368 | ||||||
Prepaid expenses and other current assets | 206,892 | 158,962 | ||||||
$ | 280,554 | $ | 309,180 | |||||
Schedule of Capitalized Software Costs | Capitalized software consisted of the following (in thousands): | |||||||
As of | ||||||||
January 31, | January 31, | |||||||
2015 | 2014 | |||||||
Capitalized internal-use software development costs, net of accumulated amortization of $136,314 and $101,687, respectively | $ | 96,617 | $ | 72,915 | ||||
Acquired developed technology, net of accumulated amortization of $392,736 and $294,628, respectively | 336,781 | 409,002 | ||||||
$ | 433,398 | $ | 481,917 | |||||
Schedule of Other Assets | Other assets consisted of the following (in thousands): | |||||||
As of | ||||||||
January 31, | January 31, | |||||||
2015 | 2014 | |||||||
Deferred income taxes, noncurrent, net | $ | 9,275 | $ | 9,691 | ||||
Long-term deposits | 19,715 | 17,970 | ||||||
Purchased intangible assets, net of accumulated amortization of $130,968 and $66,399, respectively | 329,971 | 416,119 | ||||||
Acquired intellectual property, net of accumulated amortization of $15,695 and $11,304, respectively | 15,879 | 11,957 | ||||||
Strategic investments | 175,774 | 92,489 | ||||||
Customer contract asset | 1,447 | 18,182 | ||||||
Other | 76,259 | 47,082 | ||||||
$ | 628,320 | $ | 613,490 | |||||
Schedule of Accrued Expenses and Other Current Liabilities | Accounts payable, accrued expenses and other liabilities consisted of the following (in thousands): | |||||||
As of | ||||||||
January 31, | January 31, | |||||||
2015 | 2014 | |||||||
Accounts payable | $ | 95,537 | $ | 64,988 | ||||
Accrued compensation | 457,102 | 397,002 | ||||||
Accrued other liabilities | 321,032 | 235,543 | ||||||
Accrued income and other taxes payable | 184,844 | 153,026 | ||||||
Accrued professional costs | 16,889 | 15,864 | ||||||
Customer liability, current | 13,084 | 53,957 | ||||||
Accrued rent | 14,847 | 13,944 | ||||||
$ | 1,103,335 | $ | 934,324 | |||||
Schedule of Other Noncurrent Liabilities | Other noncurrent liabilities consisted of the following (in thousands): | |||||||
As of | ||||||||
January 31, | January 31, | |||||||
2015 | 2014 | |||||||
Deferred income taxes and income taxes payable | $ | 94,396 | $ | 108,760 | ||||
Customer liability, noncurrent | 1,026 | 13,953 | ||||||
Financing obligation, building in progress-leased facility | 125,289 | 40,171 | ||||||
Long-term lease liabilities and other | 701,612 | 594,303 | ||||||
$ | 922,323 | $ | 757,187 | |||||
Stockholders_Equity_Tables
Stockholders' Equity (Tables) | 12 Months Ended | ||||||||||||||||
Jan. 31, 2015 | |||||||||||||||||
Equity [Abstract] | |||||||||||||||||
Schedule Of Stock Activity | Stock activity excluding the ESPP is as follows: | ||||||||||||||||
Options Outstanding | |||||||||||||||||
Shares | Outstanding | Weighted- | Aggregate | ||||||||||||||
Available for | Stock | Average | Intrinsic Value | ||||||||||||||
Grant | Options | Exercise Price | (in thousands) | ||||||||||||||
Balance as of January 31, 2014 | 55,852,536 | 28,604,045 | $ | 34.26 | |||||||||||||
Increase in shares authorized: | |||||||||||||||||
2013 Equity Incentive Plan | 3,943,052 | 0 | 0 | ||||||||||||||
2014 Inducement Equity Incentive Plan | 1,007,381 | 0 | 0 | ||||||||||||||
2011 Relate IQ Plan | 291,361 | 0 | 0 | ||||||||||||||
Options granted under all plans | (9,506,412 | ) | 9,506,412 | 57.87 | |||||||||||||
Restricted stock activity | (18,781,110 | ) | 0 | 0 | |||||||||||||
Stock grants to board and advisory board members | (226,883 | ) | 0 | 0 | |||||||||||||
Exercised | 0 | (7,307,213 | ) | 24.17 | |||||||||||||
Plan shares expired | (3,135,270 | ) | 0 | 0 | |||||||||||||
Canceled | 1,344,883 | (1,344,883 | ) | 34.8 | |||||||||||||
Balance as of January 31, 2015 | 30,789,538 | 29,458,361 | $ | 44.36 | $ | 379,380,854 | |||||||||||
Vested or expected to vest | 27,308,293 | $ | 43.65 | $ | 369,299,016 | ||||||||||||
Exercisable as of January 31, 2015 | 11,253,182 | $ | 34.37 | $ | 248,524,393 | ||||||||||||
Schedule Of Stock Options Outstanding | The following table summarizes information about stock options outstanding as of January 31, 2015: | ||||||||||||||||
Options Outstanding | Options Exercisable | ||||||||||||||||
Range of Exercise | Number | Weighted- | Weighted- | Number of | Weighted- | ||||||||||||
Prices | Outstanding | Average | Average | Shares | Average | ||||||||||||
Remaining | Exercise | Exercise | |||||||||||||||
Contractual Life | Price | Price | |||||||||||||||
(Years) | |||||||||||||||||
$0.58 to $27.06 | 4,664,939 | 2.9 | $ | 22.13 | 3,282,371 | $ | 21.81 | ||||||||||
$27.56 to $35.87 | 4,517,449 | 1.4 | 34.72 | 3,856,881 | 35.06 | ||||||||||||
$36.28 to $39.09 | 4,854,143 | 2.8 | 38.43 | 2,432,030 | 38.45 | ||||||||||||
$40.19 to $52.14 | 714,631 | 4.9 | 43.1 | 199,032 | 43.25 | ||||||||||||
$52.30 | 5,023,786 | 5.8 | 52.3 | 1,396,493 | 52.3 | ||||||||||||
$53.60 to $57.79 | 2,107,390 | 6.3 | 55.12 | 66,323 | 54.28 | ||||||||||||
$59.34 to $63.66 | 7,576,023 | 6.8 | 59.46 | 20,052 | 59.37 | ||||||||||||
29,458,361 | 4.4 | $ | 44.36 | 11,253,182 | $ | 34.37 | |||||||||||
Schedule Of Restricted Stock Activity | Restricted stock activity is as follows: | ||||||||||||||||
Restricted Stock Outstanding | |||||||||||||||||
Outstanding | Weighted- | Aggregate | |||||||||||||||
Average | Intrinsic | ||||||||||||||||
Exercise Price | Value | ||||||||||||||||
(in thousands) | |||||||||||||||||
Balance as of January 31, 2013 | 26,782,620 | $ | 0.001 | ||||||||||||||
Granted | 10,884,991 | 0.001 | |||||||||||||||
Canceled | (3,616,383 | ) | 0.001 | ||||||||||||||
Vested and converted to shares | (9,397,650 | ) | 0.001 | ||||||||||||||
Balance as of January 31, 2014 | 24,653,578 | $ | 0.001 | ||||||||||||||
Granted | 11,170,913 | 0.001 | |||||||||||||||
Canceled | (3,174,976 | ) | 0.001 | ||||||||||||||
Vested and converted to shares | (9,505,507 | ) | 0.001 | ||||||||||||||
Balance as of January 31, 2015 | 23,144,008 | $ | 0.001 | $ | 1,306,479 | ||||||||||||
Expected to vest | 19,758,223 | $ | 1,115,352 | ||||||||||||||
Schedule Of Shares Of Common Stock Available For Future Issuance Under Stock Option Plans | The following number of shares of common stock were reserved and available for future issuance at January 31, 2015: | ||||||||||||||||
Options outstanding | 29,458,361 | ||||||||||||||||
Restricted stock awards and units outstanding | 23,144,008 | ||||||||||||||||
Stock available for future grant: | |||||||||||||||||
2013 Equity Incentive Plan | 30,202,139 | ||||||||||||||||
2014 Inducement Equity Incentive Plan | 587,399 | ||||||||||||||||
2004 Employee Stock Purchase Plan | 2,849,542 | ||||||||||||||||
Convertible senior notes | 17,308,880 | ||||||||||||||||
Warrants | 17,308,880 | ||||||||||||||||
120,859,209 | |||||||||||||||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||||||
Jan. 31, 2015 | |||||||||||||
Income Tax Disclosure [Abstract] | |||||||||||||
Domestic And Foreign Components of Income (Loss) Before Provision (Benefit) For Income Taxes | The domestic and foreign components of loss before provision for (benefit from) income taxes consisted of the following (in thousands): | ||||||||||||
Fiscal Year Ended January 31, | |||||||||||||
2015 | 2014 | 2013 | |||||||||||
Domestic | $ | (211,253 | ) | $ | (326,392 | ) | $ | (90,743 | ) | ||||
Foreign | (1,832 | ) | (31,543 | ) | (37,051 | ) | |||||||
$ | (213,085 | ) | $ | (357,935 | ) | $ | (127,794 | ) | |||||
Schedule of Income Taxes Provision (Benefit) | The provision for (benefit from) income taxes consisted of the following (in thousands): | ||||||||||||
Fiscal Year Ended January 31, | |||||||||||||
2015 | 2014 | 2013 | |||||||||||
Current: | |||||||||||||
Federal | $ | 893 | $ | (10,431 | ) | $ | 12,896 | ||||||
State | 1,388 | (245 | ) | 3,021 | |||||||||
Foreign | 50,493 | 39,784 | 30,261 | ||||||||||
Total | 52,774 | 29,108 | 46,178 | ||||||||||
Deferred: | |||||||||||||
Federal | 8,771 | (128,798 | ) | 72,656 | |||||||||
State | (10,830 | ) | (22,012 | ) | 28,538 | ||||||||
Foreign | (1,112 | ) | (4,058 | ) | (4,721 | ) | |||||||
Total | (3,171 | ) | (154,868 | ) | 96,473 | ||||||||
Provision for (benefit from) for income taxes | $ | 49,603 | $ | (125,760 | ) | $ | 142,651 | ||||||
Reconciliation of Statutory Federal Income Tax Rate | A reconciliation of income taxes at the statutory federal income tax rate to the provision for (benefit from) income taxes included in the accompanying consolidated statements of operations is as follows (in thousands): | ||||||||||||
Fiscal Year Ended January 31, | |||||||||||||
2015 | 2014 | 2013 | |||||||||||
U.S. federal taxes at statutory rate | $ | (74,580 | ) | $ | (125,277 | ) | $ | (44,729 | ) | ||||
State, net of the federal benefit | (5,332 | ) | (10,780 | ) | (969 | ) | |||||||
Foreign taxes in excess of the U.S. statutory rate | 29,880 | 33,412 | 16,931 | ||||||||||
Change in valuation allowance | 100,143 | (25,048 | ) | 186,806 | |||||||||
Tax credits | (28,056 | ) | (22,293 | ) | (17,670 | ) | |||||||
Non-deductible expenses | 26,224 | 21,407 | 4,807 | ||||||||||
Tax expense/(benefit) from acquisitions | 2,341 | 1,811 | (3,568 | ) | |||||||||
Other, net | (1,017 | ) | 1,008 | 1,043 | |||||||||
$ | 49,603 | $ | (125,760 | ) | $ | 142,651 | |||||||
Significant Components of Deferred Tax Assets And Liabilities | Significant components of the Company’s deferred tax assets and liabilities were as follows (in thousands): | ||||||||||||
As of January 31, | |||||||||||||
2015 | 2014 | ||||||||||||
Deferred tax assets: | |||||||||||||
Net operating loss carryforwards | $ | 252,858 | $ | 259,465 | |||||||||
Deferred stock-based expense | 96,753 | 82,840 | |||||||||||
Tax credits | 152,715 | 107,381 | |||||||||||
Deferred rent expense | 58,849 | 47,063 | |||||||||||
Accrued liabilities | 92,506 | 79,235 | |||||||||||
Deferred revenue | 15,664 | 8,522 | |||||||||||
Basis difference on investment | 24,637 | 11,999 | |||||||||||
Financing obligation | 84,095 | 63,673 | |||||||||||
Other | 20,017 | 17,762 | |||||||||||
Total deferred tax assets | 798,094 | 677,940 | |||||||||||
Less valuation allowance | (293,097 | ) | (180,223 | ) | |||||||||
Deferred tax assets, net of valuation allowance | 504,997 | 497,717 | |||||||||||
Deferred tax liabilities: | |||||||||||||
Deferred commissions | (107,197 | ) | (87,625 | ) | |||||||||
Purchased intangibles | (213,920 | ) | (259,409 | ) | |||||||||
Unrealized gains on investments | (1,793 | ) | (5,232 | ) | |||||||||
Depreciation and amortization | (171,908 | ) | (144,752 | ) | |||||||||
Other | (3,157 | ) | (3,599 | ) | |||||||||
Total deferred tax liabilities | (497,975 | ) | (500,617 | ) | |||||||||
Net deferred tax assets | $ | 7,022 | $ | (2,900 | ) | ||||||||
Schedule of Unrecognized Tax Benefits | A reconciliation of the beginning and ending balance of total unrecognized tax benefits for fiscal years 2015, 2014 and 2013 is as follows (in thousands): | ||||||||||||
Fiscal Year Ended January 31, | |||||||||||||
2015 | 2014 | 2013 | |||||||||||
Balance as of February 1, | $ | 102,275 | $ | 75,144 | $ | 51,971 | |||||||
Tax positions taken in prior period: | |||||||||||||
Gross increases | 17,938 | 8,420 | 7,304 | ||||||||||
Gross decreases | (1,967 | ) | (4,466 | ) | (4,460 | ) | |||||||
Tax positions taken in current period: | |||||||||||||
Gross increases | 34,226 | 27,952 | 24,401 | ||||||||||
Settlements | 0 | 0 | (121 | ) | |||||||||
Lapse of statute of limitations | (1,224 | ) | (5,205 | ) | (4,159 | ) | |||||||
Currency translation effect | (5,060 | ) | 430 | 208 | |||||||||
Balance as of January 31, | $ | 146,188 | $ | 102,275 | $ | 75,144 | |||||||
EarningsLoss_Per_Share_Tables
Earnings/Loss Per Share (Tables) | 12 Months Ended | ||||||||||||
Jan. 31, 2015 | |||||||||||||
Earnings Per Share [Abstract] | |||||||||||||
Reconciliation of Denominator Used In Calculation of Basic And Diluted Loss Per Share | 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 | 0 | 0 | 0 | ||||||||||
Employee stock awards | 0 | 0 | 0 | ||||||||||
Warrants | 0 | 0 | 0 | ||||||||||
Adjusted weighted-average shares outstanding and assumed conversions for diluted loss per share | 624,148 | 597,613 | 564,896 | ||||||||||
Shares Excluded From Diluted Earnings Or Loss Per Share | The weighted-average number of shares outstanding used in the computation of basic and diluted earnings/loss per share does not include the effect of the following potential outstanding common stock. The effects of these potentially outstanding shares were not included in the calculation of diluted earnings/loss per share because the effect would have been anti-dilutive (in thousands): | ||||||||||||
Fiscal Year Ended January 31, | |||||||||||||
2015 | 2014 | 2013 | |||||||||||
Stock awards | 22,157 | 19,664 | 30,068 | ||||||||||
Convertible senior notes | 25,953 | 43,965 | 26,940 | ||||||||||
Warrants | 37,517 | 44,253 | 26,944 | ||||||||||
Commitments_Tables
Commitments (Tables) | 12 Months Ended | |||||||||||
Jan. 31, 2015 | ||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ||||||||||||
Schedule Of Future Minimum Lease Payments Under Non-Cancelable Operating And Capital Leases | As of January 31, 2015, the future minimum lease payments under non-cancelable operating and capital leases are as follows (in thousands): | |||||||||||
Capital | Operating | Financing Obligation, Building in Progress-Leased Facility(1) | ||||||||||
Leases | Leases | |||||||||||
Fiscal Period: | ||||||||||||
Fiscal 2016 | $ | 104,825 | $ | 289,547 | $ | 1,777 | ||||||
Fiscal 2017 | 113,982 | 267,377 | 16,877 | |||||||||
Fiscal 2018 | 118,259 | 224,359 | 21,107 | |||||||||
Fiscal 2019 | 112,807 | 186,936 | 21,551 | |||||||||
Fiscal 2020 | 201,471 | 186,385 | 21,995 | |||||||||
Thereafter | 0 | 1,124,370 | 252,517 | |||||||||
Total minimum lease payments | 651,344 | $ | 2,278,974 | $ | 335,824 | |||||||
Less: amount representing interest | (84,477 | ) | ||||||||||
Present value of capital lease obligations | $ | 566,867 | ||||||||||
______________ | ||||||||||||
(1) Total Financing Obligation, Building in Progress-Leased Facility noted above represents the total obligation on the lease agreement noted in Note 3 “Property and Equipment” and includes $125.3 million that was recorded to Financing obligation, building in progress-leased facility, which is included in Other noncurrent liabilities on the balance sheet. |
Selected_Quarterly_Financial_D1
Selected Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended | ||||||||||||||||||||
Jan. 31, 2015 | |||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||||||
Schedule of Quarterly Financial Information | Selected summarized quarterly financial information for fiscal 2015 and 2014 is as follows: | ||||||||||||||||||||
1st | 2nd | 3rd | 4th | Fiscal Year | |||||||||||||||||
Quarter | Quarter | Quarter | Quarter | ||||||||||||||||||
(in thousands, except per share data) | |||||||||||||||||||||
Fiscal 2015 | |||||||||||||||||||||
Revenues | $ | 1,226,772 | $ | 1,318,551 | $ | 1,383,655 | $ | 1,444,608 | $ | 5,373,586 | |||||||||||
Gross profit | 934,467 | 1,010,720 | 1,050,444 | 1,088,685 | 4,084,316 | ||||||||||||||||
Loss from operations | (55,341 | ) | (33,434 | ) | (22,042 | ) | (34,816 | ) | (145,633 | ) | |||||||||||
Net loss | (96,911 | ) | (61,088 | ) | (38,924 | ) | (65,765 | ) | (262,688 | ) | |||||||||||
Basic net loss per share | $ | (0.16 | ) | $ | (0.10 | ) | $ | (0.06 | ) | $ | (0.10 | ) | $ | (0.42 | ) | ||||||
Diluted net loss per share | $ | (0.16 | ) | $ | (0.10 | ) | $ | (0.06 | ) | $ | (0.10 | ) | $ | (0.42 | ) | ||||||
Fiscal 2014 | |||||||||||||||||||||
Revenues | $ | 892,633 | $ | 957,094 | $ | 1,076,034 | $ | 1,145,242 | $ | 4,071,003 | |||||||||||
Gross profit | 683,639 | 739,377 | 807,847 | 871,712 | 3,102,575 | ||||||||||||||||
Loss from operations | (44,540 | ) | (39,857 | ) | (97,931 | ) | (103,746 | ) | (286,074 | ) | |||||||||||
Net income (loss) | (67,721 | ) | 76,603 | (124,434 | ) | (116,623 | ) | (232,175 | ) | ||||||||||||
Basic net income (loss) per share | $ | (0.12 | ) | $ | 0.13 | $ | (0.21 | ) | $ | (0.19 | ) | $ | (0.39 | ) | |||||||
Diluted net income (loss) per share | $ | (0.12 | ) | $ | 0.12 | $ | (0.21 | ) | $ | (0.19 | ) | $ | (0.39 | ) | |||||||
Summary_of_Business_and_Signif3
Summary of Business and Significant Accounting Policies - Additional Information (Detail) (USD $) | 12 Months Ended | 3 Months Ended | 1 Months Ended | ||||
In Millions, except Share data, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2015 | Apr. 30, 2013 | Mar. 20, 2013 | Mar. 19, 2013 |
Segment | customer | ||||||
purchase_period | |||||||
Concentration Risk [Line Items] | |||||||
Common stock, shares authorized (in shares) | 1,600,000,000 | 1,600,000,000 | 1,600,000,000 | 1,600,000,000 | 400,000,000 | ||
Number of operating segments | 1 | ||||||
Vesting period | 4 years | ||||||
Offering period | 12 months | ||||||
Expected dividend yield | 0.00% | ||||||
Number of purchase periods | 2 | ||||||
Advertising expense | $203.60 | $155.80 | $110.70 | ||||
Percentage of tax benefit likely to be realized upon settlement (greater than 50%) | 50.00% | ||||||
Accounts Receivable | Customer Concentration Risk | |||||||
Concentration Risk [Line Items] | |||||||
Customers exceeding concentration of accounts receivable threshold, number | 0 | 0 | 0 | ||||
Concentration risk percentage | 5.00% | 5.00% | |||||
Revenue | Customer Concentration Risk | |||||||
Concentration Risk [Line Items] | |||||||
Customers exceeding concentration of total revenue threshold, number | 0 | 0 | 0 | ||||
Concentration risk percentage | 5.00% | 5.00% | 5.00% | ||||
Revenue | Geographic Concentration Risk | Americas | |||||||
Concentration Risk [Line Items] | |||||||
Concentration risk percentage | 94.00% | 96.00% | 94.00% | ||||
Revenue | Geographic Concentration Risk | All Other Countries | |||||||
Concentration Risk [Line Items] | |||||||
Countries exceeding concentration of total revenue threshold, number | 0 | 0 | 0 | ||||
Concentration risk percentage | 10.00% | 10.00% | 10.00% | ||||
Assets | Geographic Concentration Risk | Outside Americas | |||||||
Concentration Risk [Line Items] | |||||||
Concentration risk percentage | 12.00% | 12.00% | |||||
Minimum | |||||||
Concentration Risk [Line Items] | |||||||
Deferred and amortized commission period | 12 months | ||||||
Maximum | |||||||
Concentration Risk [Line Items] | |||||||
Deferred and amortized commission period | 36 months | ||||||
Common Stock | |||||||
Concentration Risk [Line Items] | |||||||
Stock split conversion ratio | 4 | ||||||
Number of additional shares for each share held (in shares) | 3 |
Summary_of_Business_and_Signif4
Summary of Business and Significant Accounting Policies - Revenues by Geographical Region (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Revenues from External Customers and Long-Lived Assets [Line Items] | |||
Revenues | $5,373,586 | $4,071,003 | $3,050,195 |
Americas | |||
Revenues from External Customers and Long-Lived Assets [Line Items] | |||
Revenues | 3,868,329 | 2,899,837 | 2,123,736 |
Europe | |||
Revenues from External Customers and Long-Lived Assets [Line Items] | |||
Revenues | 984,919 | 741,220 | 525,304 |
Asia Pacific | |||
Revenues from External Customers and Long-Lived Assets [Line Items] | |||
Revenues | $520,338 | $429,946 | $401,155 |
Summary_of_Business_and_Signif5
Summary of Business and Significant Accounting Policies - Schedule of Property and Equipment Estimated Useful Lives (Detail) | 12 Months Ended |
Jan. 31, 2015 | |
Furniture and fixtures | |
Property, Plant and Equipment [Line Items] | |
Property and equipment, estimated useful lives | 5 years |
Minimum | Computers, equipment and software | |
Property, Plant and Equipment [Line Items] | |
Property and equipment, estimated useful lives | 3 years |
Minimum | Capitalized internal-use software development costs | |
Property, Plant and Equipment [Line Items] | |
Property and equipment, estimated useful lives | 3 years |
Maximum | Computers, equipment and software | |
Property, Plant and Equipment [Line Items] | |
Property and equipment, estimated useful lives | 9 years |
Maximum | Leasehold improvements | |
Property, Plant and Equipment [Line Items] | |
Property and equipment, estimated useful lives | 10 years |
Maximum | Capitalized internal-use software development costs | |
Property, Plant and Equipment [Line Items] | |
Property and equipment, estimated useful lives | 5 years |
Summary_of_Business_and_Signif6
Summary of Business and Significant Accounting Policies - Schedule of Assumptions Used to Calculate Fair Value of Options Granted (Detail) (USD $) | 12 Months Ended | ||
Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 | |
ESPP | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Volatility, minimum | 32.00% | 31.00% | 39.00% |
Volatility, maximum | 35.00% | 35.00% | 46.00% |
Estimated life | 9 months | 9 months | 9 months |
Risk-free interest rate, minimum | 0.07% | 0.07% | 0.03% |
Risk-free interest rate, maximum | 0.23% | 0.10% | 0.22% |
Weighted-average fair value per share of grants (in dollars per share) | $14.56 | $10.30 | $11.39 |
Stock Options | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Volatility | 37.00% | ||
Volatility, minimum | 37.00% | 43.00% | |
Volatility, maximum | 43.00% | 51.00% | |
Estimated life | 3 years 7 months | 3 years 4 months 10 days | 3 years 8 months 10 days |
Risk-free interest rate, minimum | 1.12% | 0.48% | 0.43% |
Risk-free interest rate, maximum | 1.53% | 1.21% | 0.77% |
Weighted-average fair value per share of grants (in dollars per share) | $17.20 | $14.08 | $12.94 |
Investments_Schedule_of_Market
Investments - Schedule of Marketable Securities (Detail) (USD $) | Jan. 31, 2015 | Jan. 31, 2014 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | $977,954 | $537,136 |
Unrealized Gains | 5,182 | 2,560 |
Unrealized Losses | -969 | -314 |
Fair Value | 982,167 | 539,382 |
Corporate notes and obligations | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 605,724 | 340,706 |
Unrealized Gains | 3,031 | 1,314 |
Unrealized Losses | -481 | -170 |
Fair Value | 608,274 | 341,850 |
U.S. treasury securities | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 73,226 | 16,016 |
Unrealized Gains | 257 | 28 |
Unrealized Losses | -1 | 0 |
Fair Value | 73,482 | 16,044 |
Mortgage backed obligations | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 44,181 | 24,888 |
Unrealized Gains | 159 | 281 |
Unrealized Losses | -415 | -93 |
Fair Value | 43,925 | 25,076 |
Asset backed securities | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 120,049 | 38,213 |
Unrealized Gains | 131 | 39 |
Unrealized Losses | -43 | -35 |
Fair Value | 120,137 | 38,217 |
Municipal securities | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 36,447 | 2,000 |
Unrealized Gains | 115 | 1 |
Unrealized Losses | -25 | -3 |
Fair Value | 36,537 | 1,998 |
Foreign government obligations | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 12,023 | 24,305 |
Unrealized Gains | 278 | 171 |
Unrealized Losses | 0 | -2 |
Fair Value | 12,301 | 24,474 |
U.S. agency obligations | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 19,488 | 14,726 |
Unrealized Gains | 26 | 9 |
Unrealized Losses | -4 | -10 |
Fair Value | 19,510 | 14,725 |
Covered bonds | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 66,816 | 76,282 |
Unrealized Gains | 1,185 | 717 |
Unrealized Losses | 0 | -1 |
Fair Value | $68,001 | $76,998 |
Investments_Schedule_of_ShortT
Investments - Schedule of Short-Term and Long-Term Marketable Securities (Detail) (USD $) | Jan. 31, 2015 | Jan. 31, 2014 |
In Thousands, unless otherwise specified | ||
Investments, Debt and Equity Securities [Abstract] | ||
Short-term (due in one year or less) | $87,312 | $57,139 |
Long-term (due after one year) | 894,855 | 482,243 |
Fair Value of Marketable Securities | $982,167 | $539,382 |
Investments_Schedule_of_Market1
Investments - Schedule of Marketable Securities in Unrealized Loss Position (Detail) (USD $) | Jan. 31, 2015 |
In Thousands, unless otherwise specified | |
Schedule of Available-for-sale Securities [Line Items] | |
Marketable securities in an unrealized loss position for less than 12 months, Fair Value | $284,918 |
Marketable securities in an unrealized loss position for less than 12 months, Unrealized Losses | -933 |
Marketable securities in an unrealized loss position for more than 12 months, Fair Value | 6,743 |
Marketable securities in an unrealized loss position for more than 12 months, Unrealized Losses | -36 |
Marketable securities in an unrealized loss position, Fair Value | 291,661 |
Marketable securities in an unrealized loss position, Unrealized Losses | -969 |
Corporate notes and obligations | |
Schedule of Available-for-sale Securities [Line Items] | |
Marketable securities in an unrealized loss position for less than 12 months, Fair Value | 185,716 |
Marketable securities in an unrealized loss position for less than 12 months, Unrealized Losses | -468 |
Marketable securities in an unrealized loss position for more than 12 months, Fair Value | 2,650 |
Marketable securities in an unrealized loss position for more than 12 months, Unrealized Losses | -13 |
Marketable securities in an unrealized loss position, Fair Value | 188,366 |
Marketable securities in an unrealized loss position, Unrealized Losses | -481 |
U.S. treasury securities | |
Schedule of Available-for-sale Securities [Line Items] | |
Marketable securities in an unrealized loss position for less than 12 months, Fair Value | 3,005 |
Marketable securities in an unrealized loss position for less than 12 months, Unrealized Losses | -1 |
Marketable securities in an unrealized loss position for more than 12 months, Fair Value | 0 |
Marketable securities in an unrealized loss position for more than 12 months, Unrealized Losses | 0 |
Marketable securities in an unrealized loss position, Fair Value | 3,005 |
Marketable securities in an unrealized loss position, Unrealized Losses | -1 |
Mortgage backed obligations | |
Schedule of Available-for-sale Securities [Line Items] | |
Marketable securities in an unrealized loss position for less than 12 months, Fair Value | 30,853 |
Marketable securities in an unrealized loss position for less than 12 months, Unrealized Losses | -397 |
Marketable securities in an unrealized loss position for more than 12 months, Fair Value | 1,461 |
Marketable securities in an unrealized loss position for more than 12 months, Unrealized Losses | -18 |
Marketable securities in an unrealized loss position, Fair Value | 32,314 |
Marketable securities in an unrealized loss position, Unrealized Losses | -415 |
Asset backed securities | |
Schedule of Available-for-sale Securities [Line Items] | |
Marketable securities in an unrealized loss position for less than 12 months, Fair Value | 52,796 |
Marketable securities in an unrealized loss position for less than 12 months, Unrealized Losses | -39 |
Marketable securities in an unrealized loss position for more than 12 months, Fair Value | 1,633 |
Marketable securities in an unrealized loss position for more than 12 months, Unrealized Losses | -4 |
Marketable securities in an unrealized loss position, Fair Value | 54,429 |
Marketable securities in an unrealized loss position, Unrealized Losses | -43 |
Municipal securities | |
Schedule of Available-for-sale Securities [Line Items] | |
Marketable securities in an unrealized loss position for less than 12 months, Fair Value | 10,552 |
Marketable securities in an unrealized loss position for less than 12 months, Unrealized Losses | -24 |
Marketable securities in an unrealized loss position for more than 12 months, Fair Value | 999 |
Marketable securities in an unrealized loss position for more than 12 months, Unrealized Losses | -1 |
Marketable securities in an unrealized loss position, Fair Value | 11,551 |
Marketable securities in an unrealized loss position, Unrealized Losses | -25 |
U.S. agency obligations | |
Schedule of Available-for-sale Securities [Line Items] | |
Marketable securities in an unrealized loss position for less than 12 months, Fair Value | 1,996 |
Marketable securities in an unrealized loss position for less than 12 months, Unrealized Losses | -4 |
Marketable securities in an unrealized loss position for more than 12 months, Fair Value | 0 |
Marketable securities in an unrealized loss position for more than 12 months, Unrealized Losses | 0 |
Marketable securities in an unrealized loss position, Fair Value | 1,996 |
Marketable securities in an unrealized loss position, Unrealized Losses | ($4) |
Investments_Additional_Informa
Investments - Additional Information (Detail) (USD $) | 12 Months Ended | |
Jan. 31, 2015 | Jan. 31, 2014 | |
investment | ||
Investment Holdings [Line Items] | ||
Unrealized losses on fixed rate investments, upper range value | $100,000 | |
Restricted cash | 115,015,000 | 0 |
Strategic Investments | ||
Investment Holdings [Line Items] | ||
Fair value of marketable security | 17,800,000 | 15,500,000 |
Number of investments in marketable equity securities | 3 | |
Unrealized gain on marketable securities | 13,100,000 | 13,300,000 |
Investments in privately-held companies | 158,000,000 | 77,000,000 |
Investments in privately-held companies, estimated fair value | $280,000,000 |
Investments_Schedule_of_Assets
Investments - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $) | Jan. 31, 2015 | Jan. 31, 2014 |
In Thousands, unless otherwise specified | ||
Cash | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash equivalents | $601,600 | $481,000 |
Recurring measurement | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 76,998 | |
Total Assets | 1,299,248 | 841,578 |
Total Liabilities | 5,694 | 1,801 |
Recurring measurement | Quoted Prices in Active Markets for Identical Assets (Level 1) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 0 | |
Total Assets | 13,983 | 87,898 |
Total Liabilities | 0 | 0 |
Recurring measurement | Significant Other Observable Inputs (Level 2) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 76,998 | |
Total Assets | 1,285,265 | 753,680 |
Total Liabilities | 5,694 | 1,801 |
Recurring measurement | Significant Unobservable Inputs (Level 3) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 0 | |
Total Assets | 0 | 0 |
Total Liabilities | 0 | 0 |
Recurring measurement | Prepaid expenses and other current assets | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Foreign currency derivative contracts | 10,611 | 1,598 |
Recurring measurement | Prepaid expenses and other current assets | Quoted Prices in Active Markets for Identical Assets (Level 1) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Foreign currency derivative contracts | 0 | 0 |
Recurring measurement | Prepaid expenses and other current assets | Significant Other Observable Inputs (Level 2) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Foreign currency derivative contracts | 10,611 | 1,598 |
Recurring measurement | Prepaid expenses and other current assets | Significant Unobservable Inputs (Level 3) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Foreign currency derivative contracts | 0 | 0 |
Recurring measurement | Accounts payable, accrued expenses and other liabilities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Foreign currency derivative contracts | 5,694 | 1,801 |
Recurring measurement | Accounts payable, accrued expenses and other liabilities | Quoted Prices in Active Markets for Identical Assets (Level 1) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Foreign currency derivative contracts | 0 | 0 |
Recurring measurement | Accounts payable, accrued expenses and other liabilities | Significant Other Observable Inputs (Level 2) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Foreign currency derivative contracts | 5,694 | 1,801 |
Recurring measurement | Accounts payable, accrued expenses and other liabilities | Significant Unobservable Inputs (Level 3) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Foreign currency derivative contracts | 0 | 0 |
Recurring measurement | Time deposits | Cash and cash equivalents | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash equivalents | 292,487 | 212,700 |
Recurring measurement | Time deposits | Cash and cash equivalents | Quoted Prices in Active Markets for Identical Assets (Level 1) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash equivalents | 0 | 0 |
Recurring measurement | Time deposits | Cash and cash equivalents | Significant Other Observable Inputs (Level 2) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash equivalents | 292,487 | 212,700 |
Recurring measurement | Time deposits | Cash and cash equivalents | Significant Unobservable Inputs (Level 3) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash equivalents | 0 | 0 |
Recurring measurement | Money market mutual funds | Cash and cash equivalents | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash equivalents | 13,983 | 87,898 |
Recurring measurement | Money market mutual funds | Cash and cash equivalents | Quoted Prices in Active Markets for Identical Assets (Level 1) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash equivalents | 13,983 | 87,898 |
Recurring measurement | Money market mutual funds | Cash and cash equivalents | Significant Other Observable Inputs (Level 2) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash equivalents | 0 | 0 |
Recurring measurement | Money market mutual funds | Cash and cash equivalents | Significant Unobservable Inputs (Level 3) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash equivalents | 0 | 0 |
Recurring measurement | Corporate notes and obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 608,274 | 341,850 |
Recurring measurement | Corporate notes and obligations | Quoted Prices in Active Markets for Identical Assets (Level 1) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 0 | 0 |
Recurring measurement | Corporate notes and obligations | Significant Other Observable Inputs (Level 2) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 608,274 | 341,850 |
Recurring measurement | Corporate notes and obligations | Significant Unobservable Inputs (Level 3) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 0 | 0 |
Recurring measurement | U.S. treasury securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 73,482 | 16,044 |
Recurring measurement | U.S. treasury securities | Quoted Prices in Active Markets for Identical Assets (Level 1) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 0 | 0 |
Recurring measurement | U.S. treasury securities | Significant Other Observable Inputs (Level 2) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 73,482 | 16,044 |
Recurring measurement | U.S. treasury securities | Significant Unobservable Inputs (Level 3) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 0 | 0 |
Recurring measurement | Mortgage backed obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 43,925 | 25,076 |
Recurring measurement | Mortgage backed obligations | Quoted Prices in Active Markets for Identical Assets (Level 1) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 0 | 0 |
Recurring measurement | Mortgage backed obligations | Significant Other Observable Inputs (Level 2) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 43,925 | 25,076 |
Recurring measurement | Mortgage backed obligations | Significant Unobservable Inputs (Level 3) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 0 | 0 |
Recurring measurement | Asset backed securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 120,137 | 38,217 |
Recurring measurement | Asset backed securities | Quoted Prices in Active Markets for Identical Assets (Level 1) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 0 | 0 |
Recurring measurement | Asset backed securities | Significant Other Observable Inputs (Level 2) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 120,137 | 38,217 |
Recurring measurement | Asset backed securities | Significant Unobservable Inputs (Level 3) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 0 | 0 |
Recurring measurement | Municipal securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 36,537 | 1,998 |
Recurring measurement | Municipal securities | Quoted Prices in Active Markets for Identical Assets (Level 1) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 0 | 0 |
Recurring measurement | Municipal securities | Significant Other Observable Inputs (Level 2) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 36,537 | 1,998 |
Recurring measurement | Municipal securities | Significant Unobservable Inputs (Level 3) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 0 | 0 |
Recurring measurement | Foreign government obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 12,301 | 24,474 |
Recurring measurement | Foreign government obligations | Quoted Prices in Active Markets for Identical Assets (Level 1) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 0 | 0 |
Recurring measurement | Foreign government obligations | Significant Other Observable Inputs (Level 2) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 12,301 | 24,474 |
Recurring measurement | Foreign government obligations | Significant Unobservable Inputs (Level 3) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 0 | 0 |
Recurring measurement | U.S. agency obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 19,510 | 14,725 |
Recurring measurement | U.S. agency obligations | Quoted Prices in Active Markets for Identical Assets (Level 1) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 0 | 0 |
Recurring measurement | U.S. agency obligations | Significant Other Observable Inputs (Level 2) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 19,510 | 14,725 |
Recurring measurement | U.S. agency obligations | Significant Unobservable Inputs (Level 3) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 0 | 0 |
Recurring measurement | Covered bonds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 68,001 | |
Recurring measurement | Covered bonds | Quoted Prices in Active Markets for Identical Assets (Level 1) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 0 | |
Recurring measurement | Covered bonds | Significant Other Observable Inputs (Level 2) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | 68,001 | |
Recurring measurement | Covered bonds | Significant Unobservable Inputs (Level 3) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Marketable securities | $0 |
Investments_Schedule_of_Outsta
Investments - Schedule of Outstanding Foreign Currency Derivative Contracts Related Primarily to Intercompany Receivables and Payables (Detail) (Derivatives not designated as hedging instruments, USD $) | Jan. 31, 2015 | Jan. 31, 2014 |
In Thousands, unless otherwise specified | ||
Derivative [Line Items] | ||
Fair value of foreign currency derivative contracts | $4,917 | ($203) |
Foreign currency derivative contracts | ||
Derivative [Line Items] | ||
Notional amount of foreign currency derivative contracts | $942,086 | $563,060 |
Investments_Fair_Value_of_Outs
Investments - Fair Value of Outstanding Derivative Instruments (Detail) (Derivatives not designated as hedging instruments, Foreign currency derivative contracts, USD $) | Jan. 31, 2015 | Jan. 31, 2014 |
In Thousands, unless otherwise specified | ||
Prepaid expenses and other current assets | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets | $10,611 | $1,598 |
Accounts payable, accrued expenses and other liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liabilities | $5,694 | $1,801 |
Investments_Effect_of_Derivati
Investments - Effect of Derivative Instruments Not Designated as Hedging Instruments on Condensed Consolidated Statements of Operations (Detail) (Derivatives not designated as hedging instruments, Foreign currency derivative contracts, Other income (expense), USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Derivatives not designated as hedging instruments | Foreign currency derivative contracts | Other income (expense) | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gains (Losses) on Derivative Instruments Recognized in Income | ($1,186) | $108 | $16,591 |
Investments_Schedule_of_Compon
Investments - Schedule of Components of Investment Income (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Investments, Debt and Equity Securities [Abstract] | |||
Interest income | $10,129 | $9,512 | $17,903 |
Realized gains | 517 | 5,952 | 5,007 |
Realized losses | -608 | -5,246 | -3,348 |
Total investment income | $10,038 | $10,218 | $19,562 |
Property_and_Equipment_Detail
Property and Equipment (Detail) (USD $) | Jan. 31, 2015 | Jan. 31, 2014 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | $1,745,693 | $1,624,523 |
Less accumulated depreciation and amortization | -619,827 | -383,777 |
Property and equipment, net | 1,125,866 | 1,240,746 |
Land and building improvements | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 0 | 297,835 |
Computers, equipment and software | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 1,171,762 | 931,171 |
Furniture and fixtures | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 71,881 | 58,956 |
Leasehold improvements | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 376,761 | 296,390 |
Building in progress—leased facility | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | $125,289 | $40,171 |
Property_and_Equipment_Additio
Property and Equipment - Additional Information (Detail) (USD $) | 1 Months Ended | 12 Months Ended | |||||||
Nov. 30, 2014 | Sep. 30, 2014 | Aug. 31, 2014 | Apr. 30, 2014 | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 | Dec. 31, 2012 | Nov. 30, 2010 | |
sqft | acre | acre | acre | acre | sqft | acre | |||
Property, Plant and Equipment [Line Items] | |||||||||
Depreciation and amortization expense | $246,600,000 | $185,900,000 | $101,100,000 | ||||||
Fixed assets acquired under capital lease agreements | 734,700,000 | 612,000,000 | |||||||
Perpetual parking rights | 23,300,000 | ||||||||
Area of land | 1.5 | 3.7 | 8.8 | 8.8 | 14 | ||||
Deposit received on land held for sale | 30 | ||||||||
Land and building improvements held for sale | 640,000,000 | 143,197,000 | 0 | ||||||
Proceeds from sale of property held for sale | 114,900,000 | 125,000,000 | 72,500,000 | ||||||
Gain on sales of land and building improvements | 7,800,000 | 7,800,000 | |||||||
Net rentable area (in square feet) | 817,000 | 445,000 | |||||||
Noncurrent financing obligation | 125,289,000 | 40,171,000 | |||||||
Property and equipment, gross | 1,745,693,000 | 1,624,523,000 | |||||||
Expected financing obligation | 335,800,000 | ||||||||
Impairment of long-lived assets | 0 | 0 | 0 | ||||||
Undeveloped Real Estate | |||||||||
Property, Plant and Equipment [Line Items] | |||||||||
Land and building improvements held for sale | 137,700,000 | ||||||||
Perpetual Parking Rights | |||||||||
Property, Plant and Equipment [Line Items] | |||||||||
Total carrying value of the land, building improvements and perpetual parking rights | 5,500,000 | ||||||||
Computers, equipment and software | |||||||||
Property, Plant and Equipment [Line Items] | |||||||||
Accumulated depreciation and amortization | 206,700,000 | 109,100,000 | |||||||
Property and equipment, gross | 1,171,762,000 | 931,171,000 | |||||||
Building in progress—leased facility | |||||||||
Property, Plant and Equipment [Line Items] | |||||||||
Property and equipment, gross | $125,289,000 | $40,171,000 |
Business_Combinations_Narrativ
Business Combinations (Narrative) (Details) (USD $) | 12 Months Ended | 3 Months Ended | 0 Months Ended | ||||
Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2015 | Aug. 14, 2014 | Jul. 12, 2013 | Jun. 12, 2013 | |
Business Acquisition [Line Items] | |||||||
Business combinations, net of cash acquired | ($38,071,000) | $2,617,302,000 | $579,745,000 | ||||
Goodwill impairment | 0 | 0 | 0 | ||||
Trademarks and Trade Names [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Amortization of intangible assets | 4,500,000 | ||||||
RelateIQ, Inc. [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Consideration transferred | 340,206,000 | ||||||
Share conversion ratio | 0.12 | ||||||
Equity interest issued or issuable | 33,900,000 | ||||||
Fair value of stock options and restricted stock awards assumed | 1,050,000 | ||||||
Allocated to future services | 32,800,000 | ||||||
Estimated fair value of assumed unvested stock options and restricted stock | 102,200,000 | ||||||
Purchase consideration allocated to options and restricted stock | 17,400,000 | ||||||
Purchase consideration allocated to future services | 84,800,000 | ||||||
Intangible assets | 16,200,000 | ||||||
Goodwill acquired | 289,857,000 | ||||||
ExactTarget [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Consideration transferred | 2,584,526,000 | ||||||
Share conversion ratio | 0.84 | ||||||
Intangible assets | 706,064,000 | ||||||
Goodwill acquired | 1,848,653,000 | ||||||
Property and equipment | 64,782,000 | ||||||
Deferred tax liability | 159,462,000 | ||||||
EdgeSpring [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Consideration transferred | 133,722,000 | ||||||
Share conversion ratio | 0.17 | ||||||
Fair value of stock options and restricted stock awards assumed | 1,609,000 | ||||||
Estimated fair value of assumed unvested stock options and restricted stock | 4,700,000 | ||||||
Purchase consideration allocated to future services | 3,100,000 | ||||||
Intangible assets | 32,300,000 | ||||||
Goodwill acquired | 107,165,000 | ||||||
Other Business Combination [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Number of businesses acquired | 3 | ||||||
Business combinations, net of cash acquired | 31,700,000 | ||||||
Intangible assets | 14,600,000 | ||||||
Goodwill acquired | 20,600,000 | ||||||
Property and equipment | 2,800,000 | ||||||
Deferred tax liability | $4,400,000 | ||||||
Other Business Combination [Member] | Minimum | |||||||
Business Acquisition [Line Items] | |||||||
Useful Life | 3 years | ||||||
Other Business Combination [Member] | Maximum | |||||||
Business Acquisition [Line Items] | |||||||
Useful Life | 5 years |
Business_Combinations_Consider
Business Combinations (Consideration Transferred) (Details) (USD $) | 0 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Aug. 14, 2014 | Jul. 12, 2013 | Jun. 12, 2013 |
RelateIQ, Inc. [Member] | |||
Business Acquisition [Line Items] | |||
Cash | $1,123 | ||
Fair value of equity awards assumed | 338,033 | ||
Fair value of stock options and restricted stock awards assumed | 1,050 | ||
Consideration transferred | 340,206 | ||
RelateIQ, Inc. [Member] | Common Stock | |||
Business Acquisition [Line Items] | |||
Shares issued | 6,320,735 | ||
ExactTarget [Member] | |||
Business Acquisition [Line Items] | |||
Cash | 2,567,098 | ||
Fair value of equity awards assumed | 17,428 | ||
Consideration transferred | 2,584,526 | ||
EdgeSpring [Member] | |||
Business Acquisition [Line Items] | |||
Cash | 62,580 | ||
Fair value of equity awards assumed | 69,533 | ||
Fair value of stock options and restricted stock awards assumed | 1,609 | ||
Consideration transferred | $133,722 | ||
EdgeSpring [Member] | Common Stock | |||
Business Acquisition [Line Items] | |||
Shares issued | 1,850,258 |
Business_Combinations_Estimate
Business Combinations (Estimated Fair Values of Assets Acquired and Liabilities Assumed) (Details) (USD $) | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 | Aug. 14, 2014 | Jul. 12, 2013 | Jun. 12, 2013 |
In Thousands, unless otherwise specified | ||||||
Business Acquisition [Line Items] | ||||||
Goodwill | $3,782,660 | $3,500,823 | $1,529,378 | |||
RelateIQ, Inc. [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Cash | 39,194 | |||||
Intangible assets | 16,200 | |||||
Goodwill | 289,857 | |||||
Current and noncurrent liabilities | -4,700 | |||||
Deferred tax liability | -345 | |||||
Net assets acquired | 340,206 | |||||
ExactTarget [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Cash, cash equivalents and marketable securities | 91,549 | |||||
Accounts receivable | 63,320 | |||||
Other current assets | 20,355 | |||||
Customer contract asset, current and noncurrent | 205,033 | |||||
Property and equipment | 64,782 | |||||
Other noncurrent assets | 4,379 | |||||
Intangible assets | 706,064 | |||||
Goodwill | 1,848,653 | |||||
Accounts payable, accrued expenses and other liabilities | -65,636 | |||||
Deferred revenue, current and noncurrent | -46,615 | |||||
Customer liability, current and noncurrent | -144,792 | |||||
Other liabilities, noncurrent | -3,104 | |||||
Deferred tax liability | -159,462 | |||||
Net assets acquired | 2,584,526 | |||||
EdgeSpring [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Current and noncurrent tangible assets | 4,462 | |||||
Intangible assets | 32,300 | |||||
Goodwill | 107,165 | |||||
Current and noncurrent liabilities | -666 | |||||
Deferred tax liability | -9,539 | |||||
Net assets acquired | $133,722 |
Business_Combinations_Intangib
Business Combinations (Intangible Assets Acquired) (Details) (USD $) | 0 Months Ended | ||
In Thousands, unless otherwise specified | Aug. 14, 2014 | Jul. 12, 2013 | Jun. 12, 2013 |
RelateIQ, Inc. [Member] | |||
Business Acquisition [Line Items] | |||
Fair Value | $16,200 | ||
RelateIQ, Inc. [Member] | Developed Technology [Member] | |||
Business Acquisition [Line Items] | |||
Fair Value | 14,470 | ||
Useful Life | 7 years | ||
RelateIQ, Inc. [Member] | Customer Relationship and Other [Member] | |||
Business Acquisition [Line Items] | |||
Fair Value | 1,730 | ||
RelateIQ, Inc. [Member] | Customer Relationship and Other [Member] | Minimum | |||
Business Acquisition [Line Items] | |||
Useful Life | 1 year | ||
RelateIQ, Inc. [Member] | Customer Relationship and Other [Member] | Maximum | |||
Business Acquisition [Line Items] | |||
Useful Life | 3 years | ||
ExactTarget [Member] | |||
Business Acquisition [Line Items] | |||
Fair Value | 706,064 | ||
ExactTarget [Member] | Developed Technology [Member] | |||
Business Acquisition [Line Items] | |||
Fair Value | 307,200 | ||
ExactTarget [Member] | Developed Technology [Member] | Minimum | |||
Business Acquisition [Line Items] | |||
Useful Life | 4 years | ||
ExactTarget [Member] | Developed Technology [Member] | Maximum | |||
Business Acquisition [Line Items] | |||
Useful Life | 7 years | ||
ExactTarget [Member] | Customer Relationships [Member] | |||
Business Acquisition [Line Items] | |||
Fair Value | 362,200 | ||
ExactTarget [Member] | Customer Relationships [Member] | Minimum | |||
Business Acquisition [Line Items] | |||
Useful Life | 6 years | ||
ExactTarget [Member] | Customer Relationships [Member] | Maximum | |||
Business Acquisition [Line Items] | |||
Useful Life | 8 years | ||
ExactTarget [Member] | Trade Names And Trademarks [Member] | |||
Business Acquisition [Line Items] | |||
Fair Value | 29,400 | ||
ExactTarget [Member] | Trade Names And Trademarks [Member] | Maximum | |||
Business Acquisition [Line Items] | |||
Useful Life | 10 years | ||
ExactTarget [Member] | Other Purchased Intangible Assets [Member] | |||
Business Acquisition [Line Items] | |||
Fair Value | 7,264 | ||
ExactTarget [Member] | Other Purchased Intangible Assets [Member] | Minimum | |||
Business Acquisition [Line Items] | |||
Useful Life | 3 years | ||
ExactTarget [Member] | Other Purchased Intangible Assets [Member] | Maximum | |||
Business Acquisition [Line Items] | |||
Useful Life | 4 years | ||
EdgeSpring [Member] | |||
Business Acquisition [Line Items] | |||
Fair Value | 32,300 | ||
EdgeSpring [Member] | Developed Technology [Member] | |||
Business Acquisition [Line Items] | |||
Fair Value | 31,030 | ||
EdgeSpring [Member] | Developed Technology [Member] | Minimum | |||
Business Acquisition [Line Items] | |||
Useful Life | 5 years | ||
EdgeSpring [Member] | Developed Technology [Member] | Maximum | |||
Business Acquisition [Line Items] | |||
Useful Life | 6 years | ||
EdgeSpring [Member] | Customer Relationships [Member] | |||
Business Acquisition [Line Items] | |||
Fair Value | 560 | ||
Useful Life | 5 years | ||
EdgeSpring [Member] | Trade Names And Trademarks [Member] | |||
Business Acquisition [Line Items] | |||
Fair Value | $710 | ||
Useful Life | 5 years |
Business_Combinations_Goodwill
Business Combinations (Goodwill) (Details) (USD $) | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jun. 12, 2013 | Jul. 12, 2013 | Aug. 14, 2014 |
Goodwill [Roll Forward] | |||||
Goodwill beginning balance | $3,500,823 | $1,529,378 | |||
Finalization of acquisition date fair values | -8,020 | -5,019 | |||
Goodwill ending balance | 3,782,660 | 3,500,823 | |||
EdgeSpring [Member] | |||||
Goodwill [Roll Forward] | |||||
Goodwill beginning balance | 107,165 | ||||
Goodwill acquired | 107,165 | ||||
Goodwill ending balance | 107,165 | ||||
ExactTarget [Member] | |||||
Goodwill [Roll Forward] | |||||
Goodwill beginning balance | 1,848,653 | ||||
Goodwill acquired | 1,848,653 | ||||
Goodwill ending balance | 1,848,653 | ||||
Other Acquisitions [Member] | |||||
Goodwill [Roll Forward] | |||||
Goodwill acquired | 20,646 | ||||
RelateIQ, Inc. [Member] | |||||
Goodwill [Roll Forward] | |||||
Goodwill beginning balance | 289,857 | ||||
Goodwill acquired | 289,857 | ||||
Goodwill ending balance | $289,857 |
Business_Combinations_Expected
Business Combinations (Expected Future Amortization Expense for Purchased Intangible Assets) (Details) (USD $) | Jan. 31, 2015 | Jan. 31, 2014 |
In Thousands, unless otherwise specified | ||
Business Combinations [Abstract] | ||
Fiscal 2016 | $154,776 | |
Fiscal 2017 | 125,144 | |
Fiscal 2018 | 114,041 | |
Fiscal 2019 | 100,533 | |
Fiscal 2020 | 73,191 | |
Thereafter | 64,507 | |
Net Book Value | $632,192 | $770,841 |
Business_Combinations_Intangib1
Business Combinations (Intangible Assets Acquired From Business Combinations) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 |
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Gross Fair Value | $1,135,098 | $1,118,960 |
Accumulated Amortization | -502,906 | -348,119 |
Net Book Value | 632,192 | 770,841 |
Weighted Average Remaining Useful Life | 5 years | 6 years |
Developed Technology [Member] | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Gross Fair Value | 674,160 | 659,770 |
Accumulated Amortization | -371,997 | -281,766 |
Net Book Value | 302,163 | 378,004 |
Weighted Average Remaining Useful Life | 4 years 105 days | 4 years 10 months 24 days |
Customer Relationships [Member] | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Gross Fair Value | 409,603 | 409,135 |
Accumulated Amortization | -107,245 | -53,669 |
Net Book Value | 302,358 | 355,466 |
Weighted Average Remaining Useful Life | 6 years 32 days | 7 years |
Trade Names And Trademarks [Member] | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Gross Fair Value | 38,980 | 38,930 |
Accumulated Amortization | -17,142 | -8,721 |
Net Book Value | 21,838 | 30,209 |
Weighted Average Remaining Useful Life | 1 year | 9 years |
Territory Rights [Member] | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Gross Fair Value | 12,355 | 11,125 |
Accumulated Amortization | -6,522 | -3,963 |
Net Book Value | $5,833 | $7,162 |
Weighted Average Remaining Useful Life | 3 years 40 days | 3 years 9 months 18 days |
Debt_Summary_of_Convertible_Se
Debt - Summary of Convertible Senior Notes (Detail) (USD $) | Jan. 31, 2015 | Jan. 31, 2014 | Mar. 31, 2013 | Jan. 31, 2010 |
In Thousands, unless otherwise specified | ||||
Debt Conversion [Line Items] | ||||
Convertible 0.75% senior notes, net | $0 | $542,159 | ||
Convertible 0.25% senior notes, net | 1,070,692 | 1,046,930 | ||
Convertible Debt | 0.25% Convertible Senior Notes due April 1, 2018 | ||||
Debt Conversion [Line Items] | ||||
Par Value Outstanding | 1,150,000 | |||
Equity Component Recorded at Issuance | 122,421 | |||
Convertible 0.25% senior notes, net | 1,070,692 | 1,046,930 | ||
Contractual interest rate | 0.25% | 0.25% | ||
Convertible Debt | 0.75% Convertible Senior Notes due January 15, 2015 | ||||
Debt Conversion [Line Items] | ||||
Par Value Outstanding | 0 | |||
Equity Component Recorded at Issuance | 125,530 | |||
Convertible 0.75% senior notes, net | $0 | $542,159 | ||
Contractual interest rate | 0.75% | 0.75% |
Debt_Additional_Information_De
Debt - Additional Information (Detail) (USD $) | 12 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | |||||
Share data in Millions, except Per Share data, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 | Oct. 06, 2014 | Dec. 31, 2014 | Jul. 11, 2013 | Jul. 11, 2013 | Jan. 31, 2010 | Mar. 31, 2013 |
Debt Instrument [Line Items] | |||||||||
Payments on convertible senior notes | $568,862,000 | $5,992,000 | $0 | ||||||
Proceeds from revolving credit facility, net | 297,325,000 | 0 | 0 | ||||||
Revolving Credit Facility | |||||||||
Debt Instrument [Line Items] | |||||||||
Maximum borrowing capacity | 650,000,000 | ||||||||
Proceeds from revolving credit facility, net | 300,000,000 | ||||||||
Repayments of debt | 262,500,000 | ||||||||
Interest rate | 1.70% | ||||||||
Current borrowing capacity | 300,000,000 | ||||||||
Revolving Credit Facility | Minimum | |||||||||
Debt Instrument [Line Items] | |||||||||
Commitment fee percentage | 0.13% | ||||||||
Revolving Credit Facility | Minimum | Base Rate | |||||||||
Debt Instrument [Line Items] | |||||||||
Basis spread on variable rate | 0.00% | ||||||||
Revolving Credit Facility | Minimum | Adjusted LIBOR | |||||||||
Debt Instrument [Line Items] | |||||||||
Basis spread on variable rate | 1.00% | ||||||||
Revolving Credit Facility | Maximum | |||||||||
Debt Instrument [Line Items] | |||||||||
Commitment fee percentage | 0.25% | ||||||||
Revolving Credit Facility | Maximum | Base Rate | |||||||||
Debt Instrument [Line Items] | |||||||||
Basis spread on variable rate | 0.75% | ||||||||
Revolving Credit Facility | Maximum | Adjusted LIBOR | |||||||||
Debt Instrument [Line Items] | |||||||||
Basis spread on variable rate | 1.75% | ||||||||
Convertible Debt | 0.75% Warrants | |||||||||
Debt Instrument [Line Items] | |||||||||
Contractual interest rate | 0.75% | ||||||||
Shares issued upon repayment of convertible debt | 13.3 | ||||||||
Convertible Debt | 0.75% Convertible Senior Notes due January 15, 2015 | |||||||||
Debt Instrument [Line Items] | |||||||||
Par value | 575,000,000 | ||||||||
Contractual interest rate | 0.75% | 0.75% | |||||||
Payments on convertible senior notes | 568,900,000 | ||||||||
Shares issued upon repayment of convertible debt | 17.1 | ||||||||
Shares received | 17.1 | ||||||||
Loss on extinguishment of debt | 10,300,000 | ||||||||
Convertible Debt | 0.75% Note Hedges | |||||||||
Debt Instrument [Line Items] | |||||||||
Contractual interest rate | 0.75% | ||||||||
Shares received | 17.1 | ||||||||
Convertible Debt | 0.25% Warrants | |||||||||
Debt Instrument [Line Items] | |||||||||
Contractual interest rate | 0.25% | ||||||||
Convertible Debt | 0.25% Convertible Senior Notes due April 1, 2018 | |||||||||
Debt Instrument [Line Items] | |||||||||
Par value | 1,150,000,000 | ||||||||
Contractual interest rate | 0.25% | 0.25% | |||||||
Consecutive trading days threshold | 20 days | ||||||||
Consecutive trading days threshold, total | 30 days | ||||||||
Stock price trigger | 130.00% | ||||||||
Notes price trigger | 98.00% | ||||||||
Purchase price upon fundamental change | 100.00% | ||||||||
Estimated fair value of Company's senior notes | 1,300,000,000 | ||||||||
Fair value debt basis amount | 100 | ||||||||
Closing prices of Company's common stock | $56.45 | ||||||||
Line of Credit | Term Loan | |||||||||
Debt Instrument [Line Items] | |||||||||
Proceeds from issuance debt | 300,000,000 | ||||||||
Term loan payable in quarterly installments | $7,500,000 | ||||||||
Line of Credit | Term Loan | Minimum | Base Rate | |||||||||
Debt Instrument [Line Items] | |||||||||
Basis spread on variable rate | 0.50% | ||||||||
Line of Credit | Term Loan | Minimum | Adjusted LIBOR | |||||||||
Debt Instrument [Line Items] | |||||||||
Basis spread on variable rate | 1.50% | ||||||||
Line of Credit | Term Loan | Maximum | Base Rate | |||||||||
Debt Instrument [Line Items] | |||||||||
Basis spread on variable rate | 1.00% | ||||||||
Line of Credit | Term Loan | Maximum | Adjusted LIBOR | |||||||||
Debt Instrument [Line Items] | |||||||||
Basis spread on variable rate | 2.00% |
Debt_Schedule_of_Conversion_of
Debt - Schedule of Conversion of Senior Notes to Common Stock (Detail) (Convertible Debt, 0.25% Convertible Senior Notes due April 1, 2018, USD $) | 12 Months Ended |
Jan. 31, 2015 | |
Convertible Debt | 0.25% Convertible Senior Notes due April 1, 2018 | |
Debt Instrument [Line Items] | |
Conversion Rate per $1,000 Par Value | 0.0150512 |
Initial Conversion Price per Share | $66.44 |
Debt_Schedule_of_Convertible_S
Debt - Schedule of Convertible Senior Notes (Detail) (USD $) | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2010 | Mar. 31, 2013 |
In Thousands, unless otherwise specified | ||||
Convertible Senior Notes | ||||
Debt Instrument [Line Items] | ||||
Net carrying amount | $1,070,692 | $1,589,089 | ||
Convertible Debt | 0.75% Convertible Senior Notes due January 15, 2015 | ||||
Debt Instrument [Line Items] | ||||
Principal | 0 | 568,864 | ||
Less: debt discount, net | 0 | -26,705 | ||
Interest percentage of convertible senior notes | 0.75% | 0.75% | ||
Effective interest rates of Senior Notes | 5.86% | |||
Convertible Debt | 0.25% Convertible Senior Notes due April 1, 2018 | ||||
Debt Instrument [Line Items] | ||||
Principal | 1,150,000 | 1,150,000 | ||
Less: debt discount, net | ($79,308) | ($103,070) | ||
Interest percentage of convertible senior notes | 0.25% | 0.25% | ||
Effective interest rates of Senior Notes | 2.53% |
Debt_Summary_of_Hedge_Notes_De
Debt - Summary of Hedge Notes (Detail) (USD $) | 12 Months Ended |
In Thousands, except Share data, unless otherwise specified | Jan. 31, 2015 |
Convertible Debt | 0.25% Note Hedges | |
Derivatives, Fair Value [Line Items] | |
Purchase | $153,800 |
Shares | 17,308,880 |
Convertible Debt | 0.75% Note Hedges | |
Derivatives, Fair Value [Line Items] | |
Purchase | $126,500 |
Shares | 26,943,812 |
Contractual interest rate | 0.75% |
Debt_Components_of_Warrants_De
Debt - Components of Warrants (Detail) (USD $) | 12 Months Ended | |||
In Thousands, except Share data, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 | Dec. 31, 2014 |
Class of Warrant or Right [Line Items] | ||||
Proceeds | $0 | $84,800 | $0 | |
Warrants (in shares) | 17,308,880 | |||
Convertible Debt | 0.75% Warrants | ||||
Class of Warrant or Right [Line Items] | ||||
Proceeds | 59,300 | |||
Warrants (in shares) | 26,943,812 | |||
Strike Price (in dollars per share) | 29.88 | |||
Contractual interest rate | 0.75% | |||
Convertible Debt | 0.25% Warrants | ||||
Class of Warrant or Right [Line Items] | ||||
Proceeds | $84,800 | |||
Warrants (in shares) | 17,308,880 | |||
Strike Price (in dollars per share) | 90.4 | |||
Contractual interest rate | 0.25% |
Debt_Schedule_of_Interest_Expe
Debt - Schedule of Interest Expense (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Debt Disclosure [Abstract] | |||
Contractual interest expense | $10,224 | $10,195 | $4,313 |
Amortization of debt issuance costs | 4,622 | 4,470 | 1,324 |
Amortization of debt discount | 36,575 | 46,942 | 25,131 |
Debt Instrument, Interest Expense, Total | $51,421 | $61,607 | $30,768 |
Other_Balance_Sheet_Accounts_S
Other Balance Sheet Accounts - Schedule of Prepaid Expenses and Other Current Assets (Detail) (USD $) | Jan. 31, 2015 | Jan. 31, 2014 |
In Thousands, unless otherwise specified | ||
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | ||
Deferred income taxes, net | $35,528 | $49,279 |
Prepaid income taxes | 21,514 | 23,571 |
Customer contract asset | 16,620 | 77,368 |
Prepaid expenses and other current assets | 206,892 | 158,962 |
Prepaid expenses and other current assets | $280,554 | $309,180 |
Other_Balance_Sheet_Accounts_S1
Other Balance Sheet Accounts - Schedule of Capitalized Software Costs (Detail) (USD $) | Jan. 31, 2015 | Jan. 31, 2014 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ||
Capitalized software costs | $433,398 | $481,917 |
Capitalized internal-use software development costs, net of accumulated amortization of $136,314 and $101,687, respectively | ||
Property, Plant and Equipment [Line Items] | ||
Capitalized software costs | 96,617 | 72,915 |
Accumulated amortization | 136,314 | 101,687 |
Acquired developed technology, net of accumulated amortization of $392,736 and $294,628, respectively | ||
Property, Plant and Equipment [Line Items] | ||
Capitalized software costs | 336,781 | 409,002 |
Accumulated amortization | $392,736 | $294,628 |
Other_Balance_Sheet_Accounts_A
Other Balance Sheet Accounts - Additional Information (Detail) (USD $) | 12 Months Ended | |||
In Millions, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 | Nov. 30, 2010 |
Finite-Lived Intangible Assets [Line Items] | ||||
Value-added tax and sales tax receivables | $27.50 | $28.60 | ||
Perpetual parking rights | 23.3 | |||
Purchased intangible assets | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Amortization of acquired intangible assets | 64.6 | 37.6 | 10.9 | |
Acquired intellectual property | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Amortization of acquired intangible assets | 5 | 4.2 | 3.9 | |
Capitalized internal-use software development costs | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Capitalized software amortization expense | 35.7 | 29.2 | 22.1 | |
Capitalized stock based compensation | 5.3 | 3.5 | 3.4 | |
Acquired developed technology | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Capitalized software amortization expense | $98.40 | $114.70 | $80 |
Other_Balance_Sheet_Accounts_S2
Other Balance Sheet Accounts - Schedule of Other Assets (Detail) (USD $) | Jan. 31, 2015 | Jan. 31, 2014 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets [Line Items] | ||
Deferred income taxes, noncurrent, net | $9,275 | $9,691 |
Long-term deposits | 19,715 | 17,970 |
Acquired intangible assets | 632,192 | 770,841 |
Strategic investments | 175,774 | 92,489 |
Customer contract asset | 1,447 | 18,182 |
Other | 76,259 | 47,082 |
Other assets, net | 628,320 | 613,490 |
Accumulated amortization | 502,906 | 348,119 |
Purchased intangible assets, net of accumulated amortization of $130,968 and $66,399, respectively | ||
Finite-Lived Intangible Assets [Line Items] | ||
Acquired intangible assets | 329,971 | 416,119 |
Accumulated amortization | 130,968 | 66,399 |
Acquired intellectual property, net of accumulated amortization of $15,695 and $11,304, respectively | ||
Finite-Lived Intangible Assets [Line Items] | ||
Acquired intangible assets | 15,879 | 11,957 |
Accumulated amortization | $15,695 | $11,304 |
Other_Balance_Sheet_Accounts_S3
Other Balance Sheet Accounts - Schedule of Accrued Expenses and Other Current Liabilities (Detail) (USD $) | Jan. 31, 2015 | Jan. 31, 2014 |
In Thousands, unless otherwise specified | ||
Payables and Accruals [Abstract] | ||
Accounts payable | $95,537 | $64,988 |
Accrued compensation | 457,102 | 397,002 |
Accrued other liabilities | 321,032 | 235,543 |
Accrued income and other taxes payable | 184,844 | 153,026 |
Accrued professional costs | 16,889 | 15,864 |
Customer liability, current | 13,084 | 53,957 |
Accrued rent | 14,847 | 13,944 |
Accrued expenses and other current liabilities | $1,103,335 | $934,324 |
Other_Balance_Sheet_Accounts_S4
Other Balance Sheet Accounts - Schedule of Other Non current Liabilities (Detail) (USD $) | Jan. 31, 2015 | Jan. 31, 2014 |
In Thousands, unless otherwise specified | ||
Payables and Accruals [Abstract] | ||
Deferred income taxes and income taxes payable | $94,396 | $108,760 |
Customer liability, noncurrent | 1,026 | 13,953 |
Financing obligation, building in progress-leased facility | 125,289 | 40,171 |
Long-term lease liabilities and other | 701,612 | 594,303 |
Other noncurrent liabilities | $922,323 | $757,187 |
Stockholders_Equity_Additional
Stockholders' Equity - Additional Information (Detail) (USD $) | 12 Months Ended | 0 Months Ended | 19 Months Ended | 89 Months Ended | ||||
Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2006 | Jan. 31, 2015 | Jul. 03, 2013 | Jul. 10, 2014 | Jul. 09, 2014 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Shares available for grant (in shares) | 30,789,538 | 55,852,536 | 30,789,538 | |||||
ESPP purchase amount (in shares) | 3,300,000 | 2,900,000 | ||||||
ESPP purchase amount | $127,800,000 | $92,500,000 | ||||||
Total intrinsic value of the options exercised during the period | 250,300,000 | 292,300,000 | 506,900,000 | |||||
Weighted-average remaining contractual life of vested and expected to vest options (in years) | 4 years 3 months 23 days | |||||||
Options vested | 11,253,182 | 11,253,182 | ||||||
Weighted average exercise price vested | $34.37 | 34.37 | ||||||
Weighted-average contractual life of vested and expected to vest options (in years) | 2 years 6 months 1 day | |||||||
Aggregate intrinsic value | 248,524,393,000 | 248,524,393,000 | ||||||
Weighted-average exercise price | $0.00 | 0.001 | ||||||
Restricted stock units, vesting period (in years) | 4 years | |||||||
Weighted-average grant date fair value of the restricted stock units issued | $58.89 | $46.99 | $37.71 | |||||
Preferred stock, shares authorized (in shares) | 5,000,000 | 5,000,000 | 5,000,000 | |||||
Preferred stock, outstanding (in shares) | 0 | 0 | 0 | |||||
Stock Options | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Contractual life of stock options (in years) | 10 years | 7 years | 5 years | |||||
2014 Inducement Equity Incentive Plan | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Shares authorized (in shares) | 335,000 | |||||||
Shares available for grant (in shares) | 587,399 | 587,399 | ||||||
2006 Inducement Equity Incentive Plan [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Shares available for grant (in shares) | 319,000 | |||||||
Employee Stock Purchase Plan | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Shares available for grant (in shares) | 2,849,542 | 2,849,542 | ||||||
Amount withheld on behalf of employees for future purchases | 28,700,000 | 28,700,000 | ||||||
2013 Equity Incentive Plan | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Shares available for grant (in shares) | 30,202,139 | 30,202,139 | ||||||
Shares of common stock received under the plan (in shares) | 83,127 | 108,800 | 102,400 | |||||
Expense related to awards at the time of issuance | $5,000,000 | $4,500,000 | $3,800,000 |
Stockholders_Equity_Stock_Acti
Stockholders' Equity - Stock Activity (Detail) (USD $) | 12 Months Ended |
In Thousands, except Share data, unless otherwise specified | Jan. 31, 2015 |
Shares available for grant | |
Shares Available for Grant, Balance | 55,852,536 |
Shares Available for Grant, Options granted under all plans | -9,506,412 |
Shares Available for Grant, Exercised | 0 |
Shares Available for Grant, Expired | -3,135,270 |
Shares Available for Grant, Cancelled | 1,344,883 |
Shares Available for Grant, Balance | 30,789,538 |
Outstanding Stock Options | |
Outstanding Stock Options, Balance | 28,604,045 |
Outstanding Stock Options | 9,506,412 |
Outstanding Stock Options, Exercised | -7,307,213 |
Outstanding Stock Options, Plan shares expired | 0 |
Outstanding Stock Options, Cancelled | -1,344,883 |
Outstanding Stock Options, Balance | 29,458,361 |
Outstanding Stock Options, Vested or expected to vest | 27,308,293 |
Outstanding Stock Options, Exercisable | 11,253,182 |
Options Outstanding Weighted-Average Exercise Price | |
Weighted- Average Exercise Price, Balance | $34.26 |
Weighted- Average Exercise Price, Options | $57.87 |
Weighted- Average Exercise Price, Exercised | $24.17 |
Weighted- Average Exercise Price, Cancelled | $34.80 |
Weighted- Average Exercise Price, Expired | $0 |
Weighted- Average Exercise Price, Balance | $44.36 |
Weighted- Average Exercise Price, Vested or expected to vest | $43.65 |
Weighted- Average Exercise Price, Exercisable | $34.37 |
Aggregate Intrinsic Value | |
Weighted- Average Exercise Price, Balance | $379,380,854 |
Weighted- Average Exercise Price, Vested or expected to vest | 369,299,016 |
Weighted- Average Exercise Price, Exercisable | $248,524,393 |
Restricted Stock Activity | |
Shares available for grant | |
Shares Available for Grant, Restricted stock activity | -18,781,110 |
Outstanding Stock Options | |
Outstanding Stock Options | 0 |
Options Outstanding Weighted-Average Exercise Price | |
Weighted- Average Exercise Price, Options | $0 |
Stock Grants To Board And Advisory Board Members | |
Shares available for grant | |
Shares Available for Grant, Stock grants to board and advisory board members | -226,883 |
Outstanding Stock Options | |
Outstanding Stock Options | 0 |
Options Outstanding Weighted-Average Exercise Price | |
Weighted- Average Exercise Price, Options | $0 |
2013 Equity Incentive Plan | |
Shares available for grant | |
Shares Available for Grant, Increase in shares authorized | 3,943,052 |
Shares Available for Grant, Balance | 30,202,139 |
Outstanding Stock Options | |
Outstanding Stock Options, Increase in shares authorized | 0 |
Options Outstanding Weighted-Average Exercise Price | |
Weighted- Average Exercise Price, Options | $0 |
2014 Inducement Equity Incentive Plan | |
Shares available for grant | |
Shares Available for Grant, Increase in shares authorized | 1,007,381 |
Shares Available for Grant, Balance | 587,399 |
Outstanding Stock Options | |
Outstanding Stock Options, Increase in shares authorized | 0 |
Options Outstanding Weighted-Average Exercise Price | |
Weighted- Average Exercise Price, Options | $0 |
2011 Relate IQ Plan | |
Shares available for grant | |
Shares Available for Grant, Increase in shares authorized | 291,361 |
Outstanding Stock Options | |
Outstanding Stock Options, Increase in shares authorized | 0 |
Options Outstanding Weighted-Average Exercise Price | |
Weighted- Average Exercise Price, Options | $0 |
Stockholders_Equity_Stock_Opti
Stockholders' Equity - Stock Options Outstanding (Detail) (USD $) | 12 Months Ended |
Jan. 31, 2015 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Options, Number Outstanding | 29,458,361 |
Weighted- Average Remaining Contractual Life (Years), Options Outstanding | 4 years 4 months 24 days |
Weighted- Average Exercise Price, Options Outstanding | $44.36 |
Options Exercisable, Number of Shares | 11,253,182 |
Options Exercisable, Weighted- Average Exercise Price | $34.37 |
$0.58 to $27.06 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Range of Exercise Prices, Minimum | $0.58 |
Range of Exercise Prices, Maximum | $27.06 |
Options, Number Outstanding | 4,664,939 |
Weighted- Average Remaining Contractual Life (Years), Options Outstanding | 2 years 11 months 1 day |
Weighted- Average Exercise Price, Options Outstanding | $22.13 |
Options Exercisable, Number of Shares | 3,282,371 |
Options Exercisable, Weighted- Average Exercise Price | $21.81 |
$27.56 to $35.87 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Range of Exercise Prices, Minimum | $27.56 |
Range of Exercise Prices, Maximum | $35.87 |
Options, Number Outstanding | 4,517,449 |
Weighted- Average Remaining Contractual Life (Years), Options Outstanding | 1 year 5 months 1 day |
Weighted- Average Exercise Price, Options Outstanding | $34.72 |
Options Exercisable, Number of Shares | 3,856,881 |
Options Exercisable, Weighted- Average Exercise Price | $35.06 |
$36.28 to $39.09 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Range of Exercise Prices, Minimum | $36.28 |
Range of Exercise Prices, Maximum | $39.09 |
Options, Number Outstanding | 4,854,143 |
Weighted- Average Remaining Contractual Life (Years), Options Outstanding | 2 years 9 months 1 day |
Weighted- Average Exercise Price, Options Outstanding | $38.43 |
Options Exercisable, Number of Shares | 2,432,030 |
Options Exercisable, Weighted- Average Exercise Price | $38.45 |
$40.19 to $52.14 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Range of Exercise Prices, Minimum | $40.19 |
Range of Exercise Prices, Maximum | $52.14 |
Options, Number Outstanding | 714,631 |
Weighted- Average Remaining Contractual Life (Years), Options Outstanding | 4 years 11 months 1 day |
Weighted- Average Exercise Price, Options Outstanding | $43.10 |
Options Exercisable, Number of Shares | 199,032 |
Options Exercisable, Weighted- Average Exercise Price | $43.25 |
52.3 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Range of Exercise Prices, Minimum | $52.30 |
Range of Exercise Prices, Maximum | $52.30 |
Options, Number Outstanding | 5,023,786 |
Weighted- Average Remaining Contractual Life (Years), Options Outstanding | 5 years 9 months 1 day |
Weighted- Average Exercise Price, Options Outstanding | $52.30 |
Options Exercisable, Number of Shares | 1,396,493 |
Options Exercisable, Weighted- Average Exercise Price | $52.30 |
$53.60 to $57.79 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Range of Exercise Prices, Minimum | $53.60 |
Range of Exercise Prices, Maximum | $57.79 |
Options, Number Outstanding | 2,107,390 |
Weighted- Average Remaining Contractual Life (Years), Options Outstanding | 6 years 4 months 1 day |
Weighted- Average Exercise Price, Options Outstanding | $55.12 |
Options Exercisable, Number of Shares | 66,323 |
Options Exercisable, Weighted- Average Exercise Price | $54.28 |
$59.34 to $63.66 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Range of Exercise Prices, Minimum | $59.34 |
Range of Exercise Prices, Maximum | $63.66 |
Options, Number Outstanding | 7,576,023 |
Weighted- Average Remaining Contractual Life (Years), Options Outstanding | 6 years 9 months 1 day |
Weighted- Average Exercise Price, Options Outstanding | $59.46 |
Options Exercisable, Number of Shares | 20,052 |
Options Exercisable, Weighted- Average Exercise Price | $59.37 |
Stockholders_Equity_Schedule_o
Stockholders' Equity - Schedule of Restricted Stock Activity (Detail) (USD $) | 12 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 |
Restricted Stock Outstanding | ||
Ending Balance | 23,144,008 | |
Restricted Stock Outstanding Weighted-Average Exercise Price | ||
Weighted- Average Exercise Price, Restricted Stock Outstanding, Balance | $0.00 | |
Restricted Stock Activity | ||
Restricted Stock Outstanding | ||
Beginning Balance | 24,653,578 | 26,782,620 |
Granted, Outstanding | 11,170,913 | 10,884,991 |
Cancelled, Outstanding | -3,174,976 | -3,616,383 |
Vested and converted to shares, Outstanding | -9,505,507 | -9,397,650 |
Ending Balance | 23,144,008 | 24,653,578 |
Expected to vest, Outstanding | 19,758,223 | |
Restricted Stock Outstanding Weighted-Average Exercise Price | ||
Weighted- Average Exercise Price, Restricted Stock Outstanding, Balance | $0.00 | $0.00 |
Weighted- Average Exercise Price, Restricted Stock Outstanding, Granted | $0.00 | $0.00 |
Weighted- Average Exercise Price, Restricted Stock Outstanding, Cancelled | $0.00 | $0.00 |
Weighted- Average Exercise Price, Restricted Stock Outstanding, Vested and converted to shares | $0.00 | $0.00 |
Weighted- Average Exercise Price, Restricted Stock Outstanding, Balance | $0.00 | $0.00 |
Restricted Stock Outstanding Aggregate Intrinsic Value | ||
Aggregate Intrinsic Value, Ending Balance | $1,306,479 | |
Aggregate Intrinsic Value, Expected to vest | $1,115,352 |
Stockholders_Equity_Shares_of_
Stockholders' Equity - Shares of Common Stock Available for Future Issuance under Stock Option Plans (Detail) | 12 Months Ended | |
Jan. 31, 2015 | Jan. 31, 2014 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Options outstanding | 29,458,361 | 28,604,045 |
Restricted stock awards and units outstanding | 23,144,008 | |
Stock available for future grant | 30,789,538 | 55,852,536 |
Convertible senior notes | 17,308,880 | |
Warrants (in shares) | 17,308,880 | |
Total shares available for future grant | 120,859,209 | |
2013 Equity Incentive Plan | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Stock available for future grant | 30,202,139 | |
2014 Inducement Equity Incentive Plan | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Stock available for future grant | 587,399 | |
2004 Employee Stock Purchase Plan | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Stock available for future grant | 2,849,542 |
Income_Taxes_Domestic_And_Fore
Income Taxes - Domestic And Foreign Components of Income (Loss) Before Provision (Benefit) For Income Taxes (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Income Tax Disclosure [Abstract] | |||
Domestic | ($211,253) | ($326,392) | ($90,743) |
Foreign | -1,832 | -31,543 | -37,051 |
Loss before benefit from (provision for) income taxes | ($213,085) | ($357,935) | ($127,794) |
Income_Taxes_Schedule_of_Incom
Income Taxes - Schedule of Income Taxes Provision (Benefit) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Current: | |||
Federal | $893 | ($10,431) | $12,896 |
State | 1,388 | -245 | 3,021 |
Foreign | 50,493 | 39,784 | 30,261 |
Total | 52,774 | 29,108 | 46,178 |
Deferred: | |||
Federal | 8,771 | -128,798 | 72,656 |
State | -10,830 | -22,012 | 28,538 |
Foreign | -1,112 | -4,058 | -4,721 |
Total | -3,171 | -154,868 | 96,473 |
Provision for (benefit from) for income taxes | $49,603 | ($125,760) | $142,651 |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | 12 Months Ended | |||
Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | |
Income Tax Disclosure [Abstract] | ||||
Net tax benefits related to exercises of stock options and vesting of restricted stocks | $7,700,000 | $8,000,000 | $7,200,000 | |
Discrete tax benefit recorded from partial release of company's valuation allowance | 143,100,000 | |||
Change in valuation allowance | 100,143,000 | -25,048,000 | 186,806,000 | |
Operating Loss Carryforwards [Line Items] | ||||
Increase (decrease) in valuation allowance | 112,900,000 | |||
Excess tax benefits included in net operating loss carryforwards but are not reflected in deferred tax assets | 527,200,000 | 408,800,000 | ||
Income tax benefit recognized from stock compensation expense | 170,800,000 | 147,800,000 | 113,900,000 | |
Percentage of tax benefit recognized (greater than 50%) | 50.00% | |||
Unrecognized tax benefits | 146,188,000 | 102,275,000 | 75,144,000 | 51,971,000 |
Unrecognized tax benefits which would affect the effective tax rate | 44,600,000 | 34,900,000 | 32,300,000 | |
Accrued interest and penalties related to unrecognized tax benefits | 1,300,000 | 600,000 | 300,000 | |
Non-current income tax related to penalties and interest | 4,600,000 | 3,300,000 | 1,700,000 | |
Reasonably possible decrease of unrecognized tax benefits | 23,000,000 | |||
General Business Tax Credit Carryforward | ||||
Operating Loss Carryforwards [Line Items] | ||||
Tax credit carryforward | 700,000 | |||
Domestic Tax Authority | ||||
Operating Loss Carryforwards [Line Items] | ||||
Operating loss carryforwards | 2,100,000,000 | |||
Domestic Tax Authority | Research Tax Credit Carryforward | ||||
Operating Loss Carryforwards [Line Items] | ||||
Tax credit carryforward | 110,600,000 | |||
Foreign Tax Authority | ||||
Operating Loss Carryforwards [Line Items] | ||||
Tax credit carryforward | 21,500,000 | |||
State and Local Jurisdiction | ||||
Operating Loss Carryforwards [Line Items] | ||||
Operating loss carryforwards | 934,700,000 | |||
Tax credit carryforward | 9,500,000 | |||
California | State and Local Jurisdiction | ||||
Operating Loss Carryforwards [Line Items] | ||||
Operating loss carryforwards | 843,300,000 | |||
California | State and Local Jurisdiction | Research Tax Credit Carryforward | ||||
Operating Loss Carryforwards [Line Items] | ||||
Tax credit carryforward | 92,000,000 | |||
California | State and Local Jurisdiction | Enterprise Zone Tax Credit Carryforward | ||||
Operating Loss Carryforwards [Line Items] | ||||
Tax credit carryforward | $9,500,000 |
Income_Taxes_Reconciliation_of
Income Taxes - Reconciliation of Statutory Federal Income Tax Rate (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Income Tax Disclosure [Abstract] | |||
U.S. federal taxes at statutory rate | ($74,580) | ($125,277) | ($44,729) |
State, net of the federal benefit | -5,332 | -10,780 | -969 |
Foreign taxes in excess of the U.S. statutory rate | 29,880 | 33,412 | 16,931 |
Change in valuation allowance | 100,143 | -25,048 | 186,806 |
Tax credits | -28,056 | -22,293 | -17,670 |
Non-deductible expenses | 26,224 | 21,407 | 4,807 |
Tax expense/(benefit) from acquisitions | 2,341 | 1,811 | -3,568 |
Other, net | -1,017 | 1,008 | 1,043 |
Provision for (benefit from) for income taxes | $49,603 | ($125,760) | $142,651 |
Income_Taxes_Significant_Compo
Income Taxes - Significant Components of Deferred Tax Assets And Liabilities (Details) (USD $) | Jan. 31, 2015 | Jan. 31, 2014 |
In Thousands, unless otherwise specified | ||
Deferred tax assets: | ||
Net operating loss carryforwards | $252,858 | $259,465 |
Deferred stock-based expense | 96,753 | 82,840 |
Tax credits | 152,715 | 107,381 |
Deferred rent expense | 58,849 | 47,063 |
Accrued liabilities | 92,506 | 79,235 |
Deferred revenue | 15,664 | 8,522 |
Basis difference on investment | 24,637 | 11,999 |
Financing obligation | 84,095 | 63,673 |
Other | 20,017 | 17,762 |
Total deferred tax assets | 798,094 | 677,940 |
Less valuation allowance | -293,097 | -180,223 |
Deferred tax assets, net of valuation allowance | 504,997 | 497,717 |
Deferred tax liabilities: | ||
Deferred commissions | -107,197 | -87,625 |
Purchased intangibles | -213,920 | -259,409 |
Unrealized gains on investments | -1,793 | -5,232 |
Depreciation and amortization | -171,908 | -144,752 |
Other | -3,157 | -3,599 |
Total deferred tax liabilities | -497,975 | -500,617 |
Net deferred tax assets | $7,022 | ($2,900) |
Income_Taxes_Schedule_of_Unrec
Income Taxes - Schedule of Unrecognized Tax Benefits (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | |||
Balance as of February 1, | $102,275 | $75,144 | $51,971 |
Tax positions taken in prior period: | |||
Gross increases | 17,938 | 8,420 | 7,304 |
Gross decreases | -1,967 | -4,466 | -4,460 |
Tax positions taken in current period: | |||
Gross increases | 34,226 | 27,952 | 24,401 |
Settlements | 0 | 0 | -121 |
Lapse of statute of limitations | -1,224 | -5,205 | -4,159 |
Currency translation effect | -5,060 | 430 | 208 |
Balance as of January 31, | $146,188 | $102,275 | $75,144 |
EarningsLoss_Per_Share_Reconci
Earnings/Loss Per Share - Reconciliation of Denominator Used in Calculation of Basic and Diluted Loss Per Share (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Jan. 31, 2015 | Oct. 31, 2014 | Jul. 31, 2014 | Apr. 30, 2014 | Jan. 31, 2014 | Oct. 31, 2013 | Jul. 31, 2013 | Apr. 30, 2013 | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Earnings Per Share [Abstract] | |||||||||||
Net loss | ($65,765) | ($38,924) | ($61,088) | ($96,911) | ($116,623) | ($124,434) | $76,603 | ($67,721) | ($262,688) | ($232,175) | ($270,445) |
Weighted-average shares outstanding for basic loss per share (in shares) | 624,148 | 597,613 | 564,896 | ||||||||
Convertible senior notes (in shares) | 0 | 0 | 0 | ||||||||
Employee stock awards (in shares) | 0 | 0 | 0 | ||||||||
Warrants (in shares) | 0 | 0 | 0 | ||||||||
Adjusted weighted-average shares outstanding and assumed conversions for diluted loss per share (in shares) | 624,148 | 597,613 | 564,896 |
EarningsLoss_Per_Share_Shares_
Earnings/Loss Per Share - Shares Excluded from Diluted Earnings or Loss Per Share (Detail) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Stock Awards | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Anti-dilutive securities excluded | 22,157 | 19,664 | 30,068 |
Convertible Senior Notes | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Anti-dilutive securities excluded | 25,953 | 43,965 | 26,940 |
Warrants | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Anti-dilutive securities excluded | 37,517 | 44,253 | 26,944 |
Commitments_Additional_Informa
Commitments - Additional Information (Detail) (USD $) | 1 Months Ended | 12 Months Ended | 0 Months Ended | |||||
Apr. 30, 2014 | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2015 | Nov. 30, 2014 | Dec. 31, 2012 | Feb. 28, 2015 | |
sqft | sqft | sqft | sqft | sqft | ||||
Other Commitments [Line Items] | ||||||||
Financing obligation, building in progress-leased facility | $125,289,000 | $40,171,000 | $125,289,000 | |||||
Total operating lease commitment balance | 2,300,000,000 | 2,300,000,000 | ||||||
Area leased | 714,000 | |||||||
Lease term | 15 years 6 months | |||||||
Net rentable area (in square feet) | 817,000 | 445,000 | ||||||
Future minimum lease payments due | 560,000,000 | 2,278,974,000 | 2,278,974,000 | |||||
Future minimum lease payments under non-cancelable operating leases, Fiscal 2016 | 289,547,000 | 289,547,000 | ||||||
Future minimum lease payments under non-cancelable operating leases, Fiscal 2017 | 267,377,000 | 267,377,000 | ||||||
Future minimum lease payments under non-cancelable operating leases, Fiscal 2018 | 224,359,000 | 224,359,000 | ||||||
Future minimum lease payments under non-cancelable operating leases, Fiscal 2019 | 186,936,000 | 186,936,000 | ||||||
Future minimum lease payments under non-cancelable operating leases, Fiscal 2020 | 186,385,000 | 186,385,000 | ||||||
Future minimum lease payments under non-cancelable operating leases, Thereafter | 1,124,370,000 | 1,124,370,000 | ||||||
Rent expense | 162,800,000 | 123,600,000 | 88,300,000 | |||||
Term of web services agreement | 3 years | |||||||
50 Fremont Street [Member] | ||||||||
Other Commitments [Line Items] | ||||||||
Area leased | 500,000 | |||||||
Future minimum lease payments due | 238,500,000 | 238,500,000 | ||||||
Future minimum lease payments under non-cancelable operating leases, Fiscal 2016 | 16,100,000 | 16,100,000 | ||||||
Future minimum lease payments under non-cancelable operating leases, Fiscal 2017 | 16,600,000 | 16,600,000 | ||||||
Future minimum lease payments under non-cancelable operating leases, Fiscal 2018 | 17,100,000 | 17,100,000 | ||||||
Future minimum lease payments under non-cancelable operating leases, Fiscal 2019 | 17,600,000 | 17,600,000 | ||||||
Future minimum lease payments under non-cancelable operating leases, Fiscal 2020 | 18,100,000 | 18,100,000 | ||||||
Future minimum lease payments under non-cancelable operating leases, Thereafter | 153,000,000 | 153,000,000 | ||||||
50 Fremont Street [Member] | Subsequent Event [Member] | ||||||||
Other Commitments [Line Items] | ||||||||
Net rentable area (in square feet) | 817,000 | |||||||
Letter of Credit | ||||||||
Other Commitments [Line Items] | ||||||||
Value of outstanding letters of credit | 63,800,000 | 63,800,000 | ||||||
Facilities Space [Member] | ||||||||
Other Commitments [Line Items] | ||||||||
Total operating lease commitment balance | 2,000,000,000 | 2,000,000,000 | ||||||
Web Services Agreements [Member] | ||||||||
Other Commitments [Line Items] | ||||||||
Web services agreement, amount due in 2016 | 33,000,000 | 33,000,000 | ||||||
Web services agreement, amount due in 2017 | 36,000,000 | 36,000,000 | ||||||
Web services agreement, amount due in 2018 | $36,000,000 | $36,000,000 |
Commitments_Schedule_of_Future
Commitments - Schedule of Future Minimum Lease Payments under Non-Cancelable Operating and Capital Leases (Detail) (USD $) | Jan. 31, 2015 | Apr. 30, 2014 |
In Thousands, unless otherwise specified | ||
Commitments and Contingencies Disclosure [Abstract] | ||
Future minimum lease payments under non-cancelable capital leases, Fiscal 2016 | $104,825 | |
Future minimum lease payments under non-cancelable capital leases, Fiscal 2017 | 113,982 | |
Future minimum lease payments under non-cancelable capital leases, Fiscal 2018 | 118,259 | |
Future minimum lease payments under non-cancelable capital leases, Fiscal 2019 | 112,807 | |
Future minimum lease payments under non-cancelable capital leases, Fiscal 2020 | 201,471 | |
Future minimum lease payments under non-cancelable capital leases, Thereafter | 0 | |
Future minimum lease payments under non-cancelable capital leases, Total | 651,344 | |
Less: amount representing interest | -84,477 | |
Present value of capital lease obligations | 566,867 | |
Future minimum lease payments under non-cancelable operating leases, Fiscal 2016 | 289,547 | |
Future minimum lease payments under non-cancelable operating leases, Fiscal 2017 | 267,377 | |
Future minimum lease payments under non-cancelable operating leases, Fiscal 2018 | 224,359 | |
Future minimum lease payments under non-cancelable operating leases, Fiscal 2019 | 186,936 | |
Future minimum lease payments under non-cancelable operating leases, Fiscal 2020 | 186,385 | |
Future minimum lease payments under non-cancelable operating leases, Thereafter | 1,124,370 | |
Future minimum lease payments under non-cancelable operating leases, Total | 2,278,974 | 560,000 |
Financing Obligation, Building in Progress-Leased Facility, Fiscal 2016 | 1,777 | |
Financing Obligation, Building in Progress-Leased Facility, Fiscal 2017 | 16,877 | |
Financing Obligation, Building in Progress-Leased Facility, Fiscal 2018 | 21,107 | |
Financing Obligation, Building in Progress-Leased Facility, Fiscal 2019 | 21,551 | |
Financing Obligation, Building in Progress-Leased Facility, Fiscal 2020 | 21,995 | |
Financing Obligation, Building in Progress-Leased Facility, Thereafter | 252,517 | |
Financing Obligation, Building in Progress-Leased Facility | $335,824 |
Employee_Benefit_Plan_Details
Employee Benefit Plan (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||
Company contributions | $38.10 | $27.90 | $22.10 |
RelatedParty_Transactions_Deta
Related-Party Transactions (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Jan. 31, 2015 |
Related Party Transactions [Abstract] | |
Value of resources donated to related parties | $1.30 |
Value of donated subscriptions to related parties | $45.40 |
Subsequent_Events_Details
Subsequent Events (Details) (USD $) | 1 Months Ended | 0 Months Ended | 1 Months Ended | ||
Apr. 30, 2014 | Jan. 31, 2015 | Feb. 28, 2015 | Nov. 30, 2014 | Dec. 31, 2012 | |
sqft | sqft | story | sqft | sqft | |
sqft | |||||
Subsequent Event [Line Items] | |||||
Net rentable area (in square feet) | 817,000 | 445,000 | |||
Area leased | 714,000 | ||||
50 Fremont Street [Member] | |||||
Subsequent Event [Line Items] | |||||
Area leased | 500,000 | ||||
Subsequent Event [Member] | 50 Fremont Street [Member] | |||||
Subsequent Event [Line Items] | |||||
Number of stories in building | 41 | ||||
Net rentable area (in square feet) | 817,000 | ||||
Consideration transferred | $629,300,000 | ||||
Cash | 322,600,000 | ||||
Proceeds of like-kind exchange account | 115,000,000 | ||||
Fair value of stock options and restricted stock awards assumed | 200,000,000 | ||||
Non-cash gain on termination of lease | $42,000,000 |
Selected_Quarterly_Financial_D2
Selected Quarterly Financial Data (Unaudited) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Jan. 31, 2015 | Oct. 31, 2014 | Jul. 31, 2014 | Apr. 30, 2014 | Jan. 31, 2014 | Oct. 31, 2013 | Jul. 31, 2013 | Apr. 30, 2013 | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Quarterly Financial Information Disclosure [Abstract] | |||||||||||
Revenues | $1,444,608 | $1,383,655 | $1,318,551 | $1,226,772 | $1,145,242 | $1,076,034 | $957,094 | $892,633 | $5,373,586 | $4,071,003 | |
Gross profit | 1,088,685 | 1,050,444 | 1,010,720 | 934,467 | 871,712 | 807,847 | 739,377 | 683,639 | 4,084,316 | 3,102,575 | 2,366,616 |
Loss from operations | -34,816 | -22,042 | -33,434 | -55,341 | -103,746 | -97,931 | -39,857 | -44,540 | -145,633 | -286,074 | -110,710 |
Net loss | ($65,765) | ($38,924) | ($61,088) | ($96,911) | ($116,623) | ($124,434) | $76,603 | ($67,721) | ($262,688) | ($232,175) | ($270,445) |
Basic net income (loss) per share (in dollars per share) | ($0.10) | ($0.06) | ($0.10) | ($0.16) | ($0.19) | ($0.21) | $0.13 | ($0.12) | ($0.42) | ($0.39) | ($0.48) |
Diluted net income (loss) per share (in dollars per share) | ($0.10) | ($0.06) | ($0.10) | ($0.16) | ($0.19) | ($0.21) | $0.12 | ($0.12) | ($0.42) | ($0.39) | ($0.48) |
Schedule_II_Valuation_and_Qual1
Schedule II Valuation and Qualifying Accounts (Details) (Allowance for doubtful accounts, USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jan. 31, 2015 | Jan. 31, 2014 | Jan. 31, 2013 |
Allowance for doubtful accounts | |||
Movement in Valuation Allowances and Reserves [Roll Forward] | |||
Balance at Beginning of Year | $4,769,000 | $1,853,000 | $1,273,000 |
Additions | 6,867,000 | 7,963,000 | 6,350,000 |
Deductions Write-offs | -3,490,000 | -5,047,000 | -5,770,000 |
Balance at End of Year | $8,146,000 | $4,769,000 | $1,853,000 |