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Approximately what was the book value (carrying value) of Salesforces Goodwill and Other Intangible Assets on January 31, 2022? 5. During fiscal year 2022, Salesforce
Approximately what was the book value (carrying value) of Salesforces Goodwill and Other Intangible Assets on January 31, 2022?
5. During fiscal year 2022, Salesforce acquired Slack. How much did Salesforce pay for the acquisition? How much of the acquisition price was allocated to Goodwill? Explain how Salesforce determined the amount to allocate to Goodwill.
6. What would you expect the carrying value of the intangible assets (excluding Goodwill) to be at the end of 2025? Why?
salesforce.com, inc. Consolidated Balance Sheets (in millions) Assets Current assets: Cash and cash equivalents Marketable securities Accounts receivable, net Costs capitalized to obtain revenue contracts, net Prepaid expenses and other current assets Total 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 Total assets 7. Business Combinations Fiscal Year 2022 Slack Technologies, Inc. Slack was approximately $27.1 billion, which consisted of the following (in millions): restricted stock units and (ii) restricted stock awards, respectively, into equity awards for shares of the Company's common stock. The following table summarizes the vreliminarv fair values of assets acauired and liabilities assumed as of the date of acauisition (in millions): The Company expects to finalize the valuation as soon as practicable, but not later than one year from the acquisition date. purchase consideration and $1.5 billion was preliminarily allocated to future services and will be expensed over the remaining service periods on a straight-line basis. Revenues and pretax loss of Slack included in the Company's consolidated statements of operations from the acquisition date of July 21,2021 to January 31 , 2022 are as follows (in millions): Total revenues Pretax loss forma financial information was as follows (in millions): Total revenues Pretax income Net income taken place at the beginning of the Company's fiscal 2021 . 8. Intangible Assets Acquired Through Business Combinations and Goodwill Intangible Assets Acquired Through Business Combinations Intangible assets acquired through business combinations were as follows (in millions): Weighted (1) Included in other are in-place leases, trade names, trademarks and territory rights. depreciated intangible assets during fiscal 2022, of which $61 million were included in acquired developed technology and $314 million were included in customer relationships. The expected future amortization expense for intangible assets as of January 31, 2022 was as follows (in millions): Customer Contract Assets Acquired Through Business Combinations issets on the consolidated balance sheets. Goodwill Goodwill represents the excess of the purchase price in a business combination over the fair value of net assets acquired. The changes in the carrying amounts of goodwill, which is generally not deductible for tax purposes, were as follows (in millions): Balance at January 31, 2020 Evergage Vlocity Other acquisitions and adjustments (1) Balance as of January 31, 2021 Slack Acumen Other acquisitions and adjustments (1) Balance as of January 31, 2022 salesforce.com, inc. Consolidated Balance Sheets (in millions) Assets Current assets: Cash and cash equivalents Marketable securities Accounts receivable, net Costs capitalized to obtain revenue contracts, net Prepaid expenses and other current assets Total 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 Total assets 7. Business Combinations Fiscal Year 2022 Slack Technologies, Inc. Slack was approximately $27.1 billion, which consisted of the following (in millions): restricted stock units and (ii) restricted stock awards, respectively, into equity awards for shares of the Company's common stock. The following table summarizes the vreliminarv fair values of assets acauired and liabilities assumed as of the date of acauisition (in millions): The Company expects to finalize the valuation as soon as practicable, but not later than one year from the acquisition date. purchase consideration and $1.5 billion was preliminarily allocated to future services and will be expensed over the remaining service periods on a straight-line basis. Revenues and pretax loss of Slack included in the Company's consolidated statements of operations from the acquisition date of July 21,2021 to January 31 , 2022 are as follows (in millions): Total revenues Pretax loss forma financial information was as follows (in millions): Total revenues Pretax income Net income taken place at the beginning of the Company's fiscal 2021 . 8. Intangible Assets Acquired Through Business Combinations and Goodwill Intangible Assets Acquired Through Business Combinations Intangible assets acquired through business combinations were as follows (in millions): Weighted (1) Included in other are in-place leases, trade names, trademarks and territory rights. depreciated intangible assets during fiscal 2022, of which $61 million were included in acquired developed technology and $314 million were included in customer relationships. The expected future amortization expense for intangible assets as of January 31, 2022 was as follows (in millions): Customer Contract Assets Acquired Through Business Combinations issets on the consolidated balance sheets. Goodwill Goodwill represents the excess of the purchase price in a business combination over the fair value of net assets acquired. The changes in the carrying amounts of goodwill, which is generally not deductible for tax purposes, were as follows (in millions): Balance at January 31, 2020 Evergage Vlocity Other acquisitions and adjustments (1) Balance as of January 31, 2021 Slack Acumen Other acquisitions and adjustments (1) Balance as of January 31, 2022
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