Lexmark 2011 Annual Report Download - page 142
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Software segment was further influenced by an increase in development, marketing and sales expense
ahead of revenue growth.
Operating income (loss) noted above for the year ended December 31, 2010 includes restructuring and
related charges of $7.5 million in ISS and $0.8 million in All other. Operating income (loss) related to
Perceptive Software for the year ended December 31, 2010 includes $11.6 million of amortization
expense related to intangible assets acquired by the Company in the second quarter of 2010.
Operating income (loss) noted above for the year ended December 31, 2009 includes restructuring and
related charges of $93.6 million in ISS and $18.5 million in All other.
During 2011, 2010 and 2009, one customer, Dell, accounted for $414.7 million or approximately 10%,
$461.3 million or approximately 11% and $495.9 million or approximately 13% of the Company’s total
revenue, respectively. Sales to Dell are included in ISS.
The following is revenue by geographic area for the year ended December 31:
2011 2010 2009
Revenue:
United States ........................................... $1,755.4 $1,790.9 $1,672.1
EMEA (Europe, the Middle East & Africa) .................... 1,531.6 1,510.2 1,453.9
Other International ...................................... 886.0 898.6 753.9
Total revenue ........................................... $4,173.0 $4,199.7 $3,879.9
Sales are attributed to geographic areas based on the location of customers. Other International
revenue includes exports from the U.S. and Europe.
The following is long-lived asset information by geographic area as of December 31:
2011 2010 2009
Long-lived assets:
United States ............................................... $460.3 $462.5 $508.0
EMEA (Europe, the Middle East & Africa) ........................ 125.1 107.6 64.5
Other International ........................................... 303.4 334.7 342.4
Total long-lived assets ........................................ $888.8 $904.8 $914.9
Long-lived assets above include only net property, plant and equipment. Prior years have been
adjusted, excluding goodwill and net intangible assets, to conform to current presentation. At
December 31, 2011, approximately $150.7 million of the Company’s net property, plant and equipment
were located in the Philippines, down slightly from $158.0 million at December 31, 2010. Similar levels
of property, plant, and equipment were held in the Philippines in 2009.
Goodwill and net intangible assets were excluded from the preceding table for all years presented in
order to re-focus the disclosure on tangible assets, which have greater risks associated with
geographical concentration.
138