EMC 2007 Annual Report Download - page 105
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EMC CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
Our segment information for the years ended 2007, 2006 and 2005 are as follows (tables in thousands, except percentages):
EMC Information Infrastructure
VMware
Virtual
Infrastructure
within EMC
Information
Storage
Content
Management
and Archiving
RSA
Information
Security
EMC
Information
Infrastructure
Corp.
Reconciling
Items Consolidated
2007:
Revenues:
Systems revenues $ 5,737,631 $ 5,418 $ 17,087 $ 5,760,136 $ — $ — $ 5,760,136
Software revenues 2,075,757 332,070 340,817 2,748,644 903,196 — 3,651,840
Services revenues 2,797,492 435,750 167,371 3,400,613 417,616 — 3,818,229
Total revenues 10,610,880 773,238 525,275 11,909,393 1,320,812 — 13,230,205
Cost of sales 5,112,688 250,311 142,404 5,505,403 154,142 359,332 6,018,877
Gross profit $ 5,498,192 $ 522,927 $ 382,871 6,403,990 1,166,670 (359,332) 7,211,328
Gross profit percentage 51.8% 67.6% 72.9% 53.8% 88.3% 54.5%
Research and development 1,339,684 302,944 (115,700) 1,526,928
Selling, general, and administrative 3,093,715 543,345 275,628 3,912,688
In-process research and development 800 — 350 1,150
Restructuring (credits) charges (3,241) — 34,551 31,310
Total costs and expenses 4,430,958 846,289 194,829 5,472,076
Operating income 1,973,032 320,381 (554,161) 1,739,252
Other income, net 178,201 4,786 137,330 320,317
Income before taxes and minority interest $ 2,151,233 $ 325,167 $(416,831) $ 2,059,569
EMC Information Infrastructure
VMware
Virtual
Infrastructure
within EMC
Information
Storage
Content
Management
and Archiving
RSA
Information
Security
EMC
Information
Infrastructure
Corp.
Reconciling
Items Consolidated
2006:
Revenues:
Systems revenues $5,124,780 $ 8,621 $ 7,225 $ 5,140,626 $ — $ — $ 5,140,626
Software revenues 2,015,257 323,593 103,919 2,442,769 494,647 — 2,937,416
Services revenues 2,468,540 353,577 40,542 2,862,659 214,389 — 3,077,048
Total revenues 9,608,577 685,791 151,686 10,446,054 709,036 — 11,155,090
Cost of sales 4,591,635 215,397 37,671 4,844,703 80,827 316,361 5,241,891
Gross profit $5,016,942 $ 470,394 $ 114,015 5,601,351 628,209 (316,361) 5,913,199
Gross profit percentage 52.2% 68.6% 75.2% 53.6% 88.6% 53.0%
Research and development 1,176,759 149,713 (72,279) 1,254,193
Selling, general, and administrative 2,703,945 278,320 271,009 3,253,274
In-process research and development — — 35,410 35,410
Restructuring (credits) charges (3,973) — 166,537 162,564
Total costs and expenses 3,876,731 428,033 400,677 4,705,441
Operating income 1,724,620 200,176 (717,038) 1,207,758
Other income, net 180,352 1,908 — 182,260
Income before taxes and minority interest $ 1,904,972 $ 202,084 $(717,038) $ 1,390,018
98