Salesforce (CRM) 10-K2018 FY Annual report

Filed: 9 Mar 18, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: agile, AI, American, arriving, behavior, Benchmark, Bret, Bulletin, Businessperson, Chair, Clarifying, clarity, clean, Colocation, compatibility, composition, compromised, concentrated, consumption, Cultivating, curated, daily, Decade, democratization, demonstrating, denial, disabled, disparate, District, earn, elevate, embedded, escalate, EU, evangelize, extensive, Fashion, feedback, flexibility, Fortune, FriendFeed, fringe, gamified, gas, gender, good, Google, Greatest, greenhouse, Health, hearing, Hong, hub, II, implied, inappropriate, inaugural, Kong, lapse, lawsuit, line, logged, loyalty, Meltdown, Modification, neutral, nonmarketable, offline, Ohana, onsite, passed, passing, patient, PCAOB, portal, prescribed, processor, profile, proven, race, ranked, recycling, referral, relief, remediate, remediation, residency, retail, reusable, Revolution, robust, SAB, Shield, shopping, Simply, SIs, slower, snapshot, society, Spectre, speed, St, Stanford, statistically, strive, suggest, tailor, TASER, Taylor, territory, text, tied, tool, Tower, Trailblazer, unify, unwavering, urban, venture, violated, violation, Virginia, volunteer, water, wealth, WEF, West, wholly, workplace, wrongdoing, younger

Removed: accreted, amendment, automatic, Berkeley, bill, bug, Burke, call, channel, chosen, circumstance, combined, comparable, conclude, condensed, consecutive, customization, customize, defending, desktop, directive, ecommerce, educational, effected, empowering, enjoy, entail, entertainment, exemption, expired, footage, Goodrich, govern, granting, insulated, leasing, legislation, logic, Manual, marked, Norton, Occasionally, optimized, outweighed, preventative, ranging, relation, relied, remained, repurchased, reserve, retrospectively, Rosati, Secretary, selection, semiconductor, slowly, Sonsini, split, stack, subscribe, succeeding, suited, supplement, Switzerland, thereunder, twelve, Wilson

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

Associated CRM transcripts

CRM similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

Exhibit 12.1

salesforce.com, inc.

Computation of Ratio of Earnings to Fixed Charges

(in thousands, except ratio)



	Year ended January 31,
	2018		2017	2016		2015		2014
Fixed charges:
Interest expense on capital leases	32,980		39,416	32,315		23,176		16,186
Interest on unresolved tax issues	(416	)	217	1,330		1,253		647
Interest on debt payments	22,890		19,027	11,546		8,861		9,611
Capitalized interest	0		0	824		801		560
Amortization of amounts related to debt and transaction costs	31,267		30,541	27,467		39,620		49,582
Operating leases rent expense for space	147,922		115,844	93,007		109,377		94,820
Estimate of interest within operating leases for space	44,377		34,753	27,902		32,813		28,446
Total rent expense	285,200		226,000	174,600		162,800		123,600
Estimate of interest within operating leases for equipment	6,864		5,508	4,080		2,671		1,439
Fixed charges	137,962		129,462	105,464		109,195		106,471

Earnings:
Pre-tax income (loss)	202,108		25,383	64,279		(213,085	)	(357,935	)
Fixed charges	137,962		129,462	105,464		109,195		106,471
Amortization of capitalized interest	379		557	700		548		526
Equity method accounting losses	2,965		0	0		0		476
Capitalized interest	0		0	(824	)	(801	)	(560	)
Earnings	343,414		155,402	169,619		(104,143	)	(251,022	)

Ratio of earnings to fixed charges	2.5x		1.2x	1.6x		N/A		N/A

Earnings before fixed charges were inadequate to cover total fixed charges by approximately $104.1 million and $251.0 million for the fiscal years ended January 31, 2015 and 2014, respectively.