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Table of Contents
EMC CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
EMC Information Infrastructure
2009:
Information
Storage
Information
Intelligence
Group
RSA
Information
Security
EMC
Information
Infrastructure
VMware
Virtual
Infrastructure
within EMC
Corp
Reconciling
Items Consolidated
Revenues:
Product revenues $ 7,198,051 $ 260,836 $ 340,272 $ 7,799,159 $ 1,028,986 $ — $ 8,828,145
Services revenues 3,461,358 478,753 265,678 4,205,789 991,976 — 5,197,765
Total consolidated revenues 10,659,409 739,589 605,950 12,004,948 2,020,962 — 14,025,910
Cost of sales 5,256,682 274,763 186,462 5,717,907 316,278 246,826 6,281,011
Gross profit $ 5,402,727 $ 464,826 $ 419,488 6,287,041 1,704,684 (246,826) 7,744,899
Gross profit percentage 50.7% 62.8% 69.2% 52.4% 84.4% — 55.2%
Research and development 1,022,147 369,514 235,848 1,627,509
Selling, general and administrative 3,258,055 842,097 495,473 4,595,625
Restructuring and acquisition-related charges — — 107,490 107,490
Total costs and expenses 4,280,202 1,211,611 838,811 6,330,624
Operating income 2,006,839 493,073 (1,085,637) 1,414,275
Other income (expense), net 52,325 (9,499) (82,525) (39,699)
Income before tax 2,059,164 483,574 (1,168,162) 1,374,576
Income tax provision 424,708 78,069 (250,002) 252,775
Net income 1,634,456 405,505 (918,160) 1,121,801
Net income attributable to the non-controlling
interest in VMware, Inc. — (69,285) 35,561 (33,724)
Net income attributable to EMC Corporation $ 1,634,456 $ 336,220 $ (882,599) $ 1,088,077
EMC Information Infrastructure
2008:
Information
Storage
Information
Intelligence
Group
RSA
Information
Security
EMC
Information
Infrastructure
VMware
Virtual
Infrastructure
within EMC
Corp
Reconciling
Items Consolidated
Revenues:
Product revenues $ 8,263,529 $ 278,173 $ 355,063 $ 8,896,765 $ 1,175,051 $ — $10,071,816
Services revenues 3,368,775 507,475 226,212 4,102,462 701,885 — 4,804,347
Total consolidated revenues 11,632,304 785,648 581,275 12,999,227 1,876,936 — 14,876,163
Cost of sales 5,670,103 305,627 170,622 6,146,352 268,716 238,726 6,653,794
Gross profit $ 5,962,201 $ 480,021 $ 410,653 6,852,875 1,608,220 (238,726) 8,222,369
Gross profit percentage 51.3% 61.1% 70.6% 52.7% 85.7% — 55.3%
Research and development 1,203,728 342,239 175,363 1,721,330
Selling, general and administrative 3,486,847 747,583 367,158 4,601,588
In-process research and development — — 85,780 85,780
Restructuring and acquisition-related charges (357) — 245,092 244,735
Total costs and expenses 4,690,218 1,089,822 873,393 6,653,433
Operating income 2,162,657 518,398 (1,112,119) 1,568,936
Other income (expense), net 136,395 4,352 (109,458) 31,289
Income before tax 2,299,052 522,750 (1,221,577) 1,600,225
Income tax provision 510,873 78,744 (309,221) 280,396
Net income 1,788,179 444,006 (912,356) 1,319,829
Net income attributable to the non-controlling
interest in VMware, Inc. — (68,532) 23,807 (44,725)
Net income attributable to EMC Corporation $ 1,788,179 $ 375,474 $ (888,549) $ 1,275,104
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