Stock Analysis on Net

Salesforce Inc. (NYSE:CRM)

Adjustments to Financial Statements

Microsoft Excel

Adjustments to Total Assets

Salesforce Inc., adjusted total assets

US$ in millions

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
As Reported
Total assets 99,823 98,849 95,209 66,301 55,126 30,737
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1 3,418
Less: Noncurrent deferred tax assets, net2 2,403 1,704 1,282 1,584 104
After Adjustment
Adjusted total assets 97,420 97,145 93,927 64,717 55,126 34,051

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

2 Noncurrent deferred tax assets, net. See details »


Adjustments to Current Liabilities

Salesforce Inc., adjusted current liabilities

US$ in millions

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
As Reported
Current liabilities 26,631 25,891 21,788 17,728 14,845 11,255
Adjustments
Less: Unearned revenue, current 19,003 17,376 15,628 12,607 10,662 8,564
Less: Restructuring liability, current 120 607
After Adjustment
Adjusted current liabilities 7,508 7,908 6,160 5,121 4,183 2,691

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).


Adjustments to Total Liabilities

Salesforce Inc., adjusted total liabilities

US$ in millions

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
As Reported
Total liabilities 40,177 40,490 37,078 24,808 21,241 15,132
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)1 3,418
Less: Noncurrent deferred tax liabilities2 152
Less: Unearned revenue 19,003 17,376 15,628 12,607 10,662 8,564
Less: Restructuring liability 120 607
After Adjustment
Adjusted total liabilities 21,054 22,507 21,450 12,201 10,427 9,986

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Noncurrent deferred tax liabilities. See details »


Adjustments to Stockholders’ Equity

Salesforce Inc., adjusted stockholders’ equity

US$ in millions

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
As Reported
Stockholders’ equity 59,646 58,359 58,131 41,493 33,885 15,605
Adjustments
Less: Net deferred tax assets (liabilities)1 2,403 1,704 1,282 1,584 (152) 104
Add: Unearned revenue 19,003 17,376 15,628 12,607 10,662 8,564
Add: Restructuring liability 120 607
After Adjustment
Adjusted stockholders’ equity 76,366 74,638 72,477 52,516 44,699 24,065

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

1 Net deferred tax assets (liabilities). See details »


Adjustments to Capitalization Table

Salesforce Inc., adjusted capitalization table

US$ in millions

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
As Reported
Finance lease liabilities, current 372 257 114 35 53
Debt, current 999 1,182 4 4 4 3
Noncurrent debt, excluding current portion 8,427 9,419 10,592 2,673 2,673 3,173
Noncurrent finance lease liabilities 602 534 271 93 332
Capital lease obligations 191
Total reported debt 10,400 11,392 10,981 2,805 3,062 3,367
Stockholders’ equity 59,646 58,359 58,131 41,493 33,885 15,605
Total reported capital 70,046 69,751 69,112 44,298 36,947 18,972
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)1 3,418
Add: Operating lease liabilities, current2 518 590 686 766 750
Add: Noncurrent operating lease liabilities3 2,644 2,897 2,703 2,842 2,445
Adjusted total debt 13,562 14,879 14,370 6,413 6,257 6,785
Adjustments to Equity
Less: Net deferred tax assets (liabilities)4 2,403 1,704 1,282 1,584 (152) 104
Add: Unearned revenue 19,003 17,376 15,628 12,607 10,662 8,564
Add: Restructuring liability 120 607
Adjusted stockholders’ equity 76,366 74,638 72,477 52,516 44,699 24,065
After Adjustment
Adjusted total capital 89,928 89,517 86,847 58,929 50,956 30,850

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Operating lease liabilities, current. See details »

3 Noncurrent operating lease liabilities. See details »

4 Net deferred tax assets (liabilities). See details »


Adjustments to Revenues

Salesforce Inc., adjusted revenues

US$ in millions

Microsoft Excel
12 months ended: Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
As Reported
Revenues 34,857 31,352 26,492 21,252 17,098 13,282
Adjustment
Add: Increase (decrease) in unearned revenue 1,627 1,748 3,021 1,945 2,098 1,569
After Adjustment
Adjusted revenues 36,484 33,100 29,513 23,197 19,196 14,851

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).


Adjustments to Reported Income

Salesforce Inc., adjusted net income

US$ in millions

Microsoft Excel
12 months ended: Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
As Reported
Net income 4,136 208 1,444 4,072 126 1,110
Adjustments
Add: Deferred income tax expense (benefit)1 (742) (334) (254) (1,790) 27 (283)
Add: Increase (decrease) in unearned revenue 1,627 1,748 3,021 1,945 2,098 1,569
Add: Increase (decrease) in restructuring liability (487) 607
Add: Other comprehensive income (loss), net 49 (108) (124) 51 (35) (39)
After Adjustment
Adjusted net income 4,583 2,121 4,087 4,278 2,216 2,357

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

1 Deferred income tax expense (benefit). See details »