VMware 2015 Annual Report Download - page 53

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TableofContents
VMware, Inc.
CONSOLIDATED STATEMENTS OF INCOME
(amounts in millions, except per share amounts, and shares in thousands)
For the Year Ended December 31,
2015
2014
2013
Revenues:
License $ 2,720
$ 2,591
$ 2,270
Services 3,927
3,444
2,937
GSAsettlement (76)
—
—
Totalrevenues 6,571
6,035
5,207
Operatingexpenses(1):
Costoflicenserevenues 186
192
210
Costofservicesrevenues 832
725
520
Researchanddevelopment 1,300
1,239
1,082
Salesandmarketing 2,267
2,141
1,815
Generalandadministrative 766
695
419
Realignmentcharges 23
16
68
Operatingincome 1,197
1,027
1,093
Investmentincome 49
38
30
InterestexpensewithEMC (26)
(24)
(4)
Otherincome(expense),net (7)
7
28
Incomebeforeincometaxes 1,213
1,048
1,147
Incometaxprovision 216
162
133
Netincome $ 997
$ 886
$ 1,014
Netincomeperweighted-averageshare,basicforClassAandClassB $ 2.35
$ 2.06
$ 2.36
Netincomeperweighted-averageshare,dilutedforClassAandClassB $ 2.34
$ 2.04
$ 2.34
Weighted-averageshares,basicforClassAandClassB 424,003
430,355
429,093
Weighted-averageshares,dilutedforClassAandClassB 426,547
434,513
433,415
__________
(1)Includesstock-basedcompensationasfollows:
Costoflicenserevenues $ 2
$ 2
$ 2
Costofservicesrevenues 44
42
29
Researchanddevelopment 226
244
227
Salesandmarketing 168
172
144
Generalandadministrative 64
69
56
Realignmentcharges —
—
6
Theaccompanyingnotesareanintegralpartoftheconsolidatedfinancialstatements.
52