Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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Salesforce Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

		Jul 31, 2025		Apr 30, 2025		Jan 31, 2025		Oct 31, 2024		Jul 31, 2024		Apr 30, 2024		Jan 31, 2024		Oct 31, 2023		Jul 31, 2023		Apr 30, 2023		Jan 31, 2023		Oct 31, 2022		Jul 31, 2022		Apr 30, 2022		Jan 31, 2022		Oct 31, 2021		Jul 31, 2021		Apr 30, 2021		Jan 31, 2021		Oct 31, 2020		Jul 31, 2020		Apr 30, 2020		Jan 31, 2020		Oct 31, 2019		Jul 31, 2019		Apr 30, 2019
	Cash and cash equivalents
	Marketable securities
	Accounts receivable, net
	Costs capitalized to obtain revenue contracts, net
	Prepaid expenses and other current assets
	Current assets
	Property and equipment, net
	Operating lease right-of-use assets, net
	Noncurrent costs capitalized to obtain revenue contracts, net
	Strategic investments
	Goodwill
	Intangible assets acquired through business combinations, net
	Deferred tax assets and other assets, net
	Noncurrent assets
	Total assets

The financial data reflects notable fluctuations and trends across various asset categories from April 2019 through July 2025. Analysis of key items reveals underlying patterns related to liquidity, operational investment, and long-term growth assets.

Cash and cash equivalents: This item shows significant variability with a general upward trend over the periods. Starting at $4,110 million in April 2019, values peak multiple times, reaching $10,928 million in April 2025 before a slight decrease to $10,365 million by July 2025. Periodic declines occur but are followed by robust recoveries, suggesting active cash management and liquidity positioning.
Marketable securities: Values fluctuate without a clear upward or downward trajectory but maintain considerable levels. Starting at $2,269 million in April 2019, it increases to a peak of $7,712 million in July 2024, then experiences some volatility towards the end of the period. This trend reflects strategic diversification or opportunistic investment in liquid securities.
Accounts receivable, net: This category exhibits marked volatility with some extraordinary spikes notably in January 2020 ($6,174 million), January 2021 ($7,786 million), and January 2023 ($10,755 million), as well as January 2024 and January 2025. The recurring large increases in these quarters may indicate seasonal billing patterns, contract timing, or changes in credit policies, followed by substantial decreases in subsequent quarters.
Costs capitalized to obtain revenue contracts, net: A steady upward trend is observed from $786 million in April 2019 to $1,905 million in January 2024. Following this, values plateau around $1,860 million to $1,920 million through July 2025, suggesting a controlled expansion of costs linked to revenue contract acquisition and possibly increased investment in customer acquisition efforts.
Prepaid expenses and other current assets: Generally increasing over time, this item rises from $717 million in April 2019 to $2,501 million by July 2025. Growth indicates enhanced operational costs being prepaid or a strategic buildup of current assets for future utilization.
Current assets: Current assets display significant fluctuations influenced by the movements in cash, receivables, and marketable securities. Peaks occur in January quarters such as $29,074 million in January 2024, reflecting the noted jumps in cash and receivables. Despite some drops in off-peak quarters, the trend over the entire period is upward, indicating expanding liquidity and working capital resources.
Property and equipment, net: Gradual but consistent increases occur from $2,243 million to $3,702 million by January 2023, followed by minor declines to $3,154 million by July 2025. This suggests ongoing capital expenditures with a subsequent moderation or asset disposals in later periods.
Operating lease right-of-use assets, net: This category peaks around early 2020 and then trends downward from over $3,200 million to around $2,028 million by July 2025. This decline might reflect lease term expirations, renegotiations, or shifts in lease accounting classifications.
Noncurrent costs capitalized to obtain revenue contracts, net: There is an increasing trend, starting at about $1,149 million to a maximum around $2,697 million in January 2023, followed by decreases toward the $2,266 million level by mid-2025. This mirrors the growth and subsequent stabilization in long-term asset investments tied to revenue acquisition.
Strategic investments: Steady growth is apparent from $1,548 million in April 2019 to approximately $5,085 million in July 2025, indicating continuous allocation to long-term investments supporting strategic objectives.
Goodwill: Goodwill amounts reveal substantial changes, notably a significant jump from $13,199 million in July 2019 to $25,022 million in October 2019, followed by further increases reaching over $51,438 million by October 2024. The increments strongly suggest a series of acquisitions or business combinations over the reporting period.
Intangible assets acquired through business combinations, net: This number initially rises from $1,794 million to nearly $4,987 million in October 2019, then exhibits a gradual decline to $3,669 million by July 2025. The downward trend after peaking indicates amortization or impairment of intangible assets acquired through acquisitions.
Deferred tax assets and other assets, net: Displayed growth from $677 million to a peak of $4,887 million in April 2025 with slight decreases afterwards. This suggests changes in tax asset recognition related to operational shifts or tax planning strategies.
Noncurrent assets: Noncurrent assets nearly double, moving from $23,119 million in April 2019 to a peak above $73,201 million in January 2025. The increase corresponds to rises in goodwill, strategic investments, and capitalized costs, reflecting a substantial expansion in long-term investments and asset base.
Total assets: Total assets grow significantly from $33,154 million in April 2019 to exceed $102,928 million in January 2025 before settling slightly lower by mid-2025. This pattern illustrates overall asset growth driven mainly by expanded current and noncurrent assets, underlining considerable corporate growth and investment over the observed timeframe.

In summary, the data portray a company experiencing significant asset growth, particularly through acquisitions and capital investments. Liquidity positions fluctuate but generally strengthen, and accounts receivable exhibit seasonal spikes that may reflect billing or collection cycles. The increasing goodwill and strategic investments reinforce a pattern of strategic expansion. Meanwhile, amortization of intangibles and decreasing lease assets indicate normal asset lifecycle management. Overall, the trends suggest a dynamic and evolving asset base with continued investment in both current operational needs and future growth opportunities.

Assets: Selected Items

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Current Assets: Selected Items