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Table of Contents
VMware, Inc.
CONSOLIDATED BALANCE SHEETS
(amounts in millions, except per share amounts, and shares in thousands)
The accompanying notes are an integral part of the consolidated financial statements.
60
December 31,
2013
2012
ASSETS
Current assets:
Cash and cash equivalents
$
2,305
$
1,609
Short-term investments
3,870
3,022
Accounts receivable, net of allowance for doubtful accounts of $2 and $4
1,220
1,151
Due from related parties, net
—
68
Deferred tax assets
190
179
Other current assets
96
91
Total current assets
7,681
6,120
Property and equipment, net
845
665
Other assets, net
107
128
Deferred tax assets
60
103
Intangible assets, net
607
732
Goodwill
3,027
2,848
Total assets
$
12,327
$
10,596
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable
$
109
$
90
Accrued expenses and other
608
644
Due to related parties, net
18
—
Unearned revenues
2,558
2,196
Total current liabilities
3,293
2,930
Note payable to EMC
450
450
Unearned revenues
1,534
1,265
Other liabilities
234
211
Total liabilities
5,511
4,856
Commitments and contingencies (see Note M)
Stockholders’ equity:
Class A common stock, par value $.01; authorized 2,500,000 shares; issued and outstanding 130,349 and
128,688 shares
1
1
Class B convertible common stock, par value $.01; authorized 1,000,000 shares; issued and outstanding
300,000 shares
3
3
Additional paid-in capital
3,496
3,432
Accumulated other comprehensive income
4
6
Retained earnings
3,312
2,298
Total stockholders’ equity
6,816
5,740
Total liabilities and stockholders’ equity
$
12,327
$
10,596