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Table of Contents
FIVE-YEAR SELECTED CONSOLIDATED FINANCIAL DATA
(amounts in millions, except per share amounts, and shares in thousands)
____________________________
42
ITEM 6.
SELECTED FINANCIAL DATA
For the Year Ended December 31,
2014
2013
2012
2011
2010
Summary of Operations:
Revenues:
License
$
2,591
$
2,270
$
2,087
$
1,841
$
1,401
Services
3,444
2,937
2,518
1,926
1,456
Total revenues
$
6,035
$
5,207
$
4,605
$
3,767
$
2,857
Operating income
1,027
1,093
872
735
428
Net income
886
1,014
746
724
357
Net income per weighted average share,
basic, for Class A and Class B
$
2.06
$
2.36
$
1.75
$
1.72
$
0.87
Net income per weighted average share,
diluted, for Class A and Class B
$
2.04
$
2.34
$
1.72
$
1.68
$
0.84
Weighted average shares, basic, for
Class A and Class B
430,355
429,093
426,658
421,188
409,805
Weighted average shares, diluted, for
Class A and Class B
434,513
433,415
433,974
431,750
423,446
December 31,
2014
2013
2012
2011
2010
Balance Sheet Data:
Cash, cash equivalents and short-term
investments
(1)
$
7,075
$
6,175
$
4,631
$
4,512
$
3,324
Working capital
(1)
5,134
4,388
3,160
3,276
2,509
Total assets
15,216
12,327
10,596
8,681
6,797
Total unearned revenues
4,833
4,092
3,461
2,708
1,860
Long-term obligations
(2)
1,500
450
450
450
450
Total stockholders’ equity
7,586
6,816
5,740
4,770
3,808
Cash Flow Data:
Net cash provided by operating activities
$
2,180
$
2,535
$
1,897
$
2,026
$
1,174
(1) In 2012, we acquired all of the outstanding capital stock of Nicira, Inc. (“Nicira”) for $1,100 million, net of cash acquired, consisting of
$1,083 million in cash and $17 million for the fair value of assumed equity attributed to pre-combination services. Refer to Note B to the
consolidated financial statements in Part II, Item 8 of this Annual Report on Form 10-K for further information.
(2) On January 21, 2014, in connection with our agreement to acquire A.W.S. Holding, LLC (“AirWatch Holding”), the sole member and
equity holder of AirWatch LLC (“AirWatch”), we and EMC entered into a note exchange agreement providing for the issuance of three
promissory notes in the aggregate principal amount of $1,500 million. The total debt of $1,500 million includes $450 million that was
exchanged for the $450 million promissory note outstanding in prior years. Refer to Note N to the consolidated financial statements in Part
II, Item 8 of this Annual Report on Form 10-K for further information.