EMC 2007 Annual Report Download - page 106
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EMC CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
EMC Information Infrastructure
VMware
Virtual
Infrastructure
within EMC
Information
Storage
Content
Management
and Archiving
RSA
Information
Security
EMC
Information
Infrastructure
Corp.
Reconciling
Items Consolidated
2005:
Revenues:
Systems revenues $4,486,867 $ — $ — $ 4,486,867 $ — $ — $4,486,867
Software revenues 2,005,885 228,728 — 2,234,613 287,546 — 2,522,159
Services revenues 2,299,441 255,548 — 2,554,989 99,940 — 2,654,929
Total revenues 8,792,193 484,276 — 9,276,469 387,486 — 9,663,955
Cost of sales 4,086,733 144,953 — 4,231,686 37,306 202,144 4,471,136
Gross profit $4,705,460 $ 339,323 $ — 5,044,783 350,180 (202,144) 5,192,819
Gross profit percentage 53.5% 70.1% NM 54.4% 90.4% 53.7%
Research and development 1,051,768 76,772 (123,711) 1,004,829
Selling, general, and administrative 2,391,122 141,756 73,099 2,605,977
In-process research and development — — 17,370 17,370
Restructuring charges 968 — 83,253 84,221
Total costs and expenses 3,443,858 218,528 50,011 3,712,397
Operating income 1,600,925 131,652 (252,155) 1,480,422
Other income, net 170,076 1,745 — 171,821
Income before taxes and minority interest $ 1,771,001 $ 133,397 $(252,155) $1,652,243
Our revenues are attributed to the geographic areas according to the location of the customers. Revenues by geographic area are included in the following
table (table in thousands):
2007 2006 2005
United States $ 7,343,042 $ 6,319,689 $5,468,644
Europe, Middle East and Africa 3,921,078 3,232,610 2,743,810
Asia Pacific 1,400,007 1,126,214 1,061,198
Latin America, Mexico and Canada 566,078 476,577 390,303
Total $13,230,205 $11,155,090 $9,663,955
No country other than the United States accounted for 10% or more of revenues in 2007, 2006 or 2005.
Long-lived assets, excluding financial instruments and deferred tax assets in the United States, were $9,006.5 million at December 31, 2007 and
$9,352.9 million at December 31, 2006. Long-lived assets, excluding financial instruments and deferred tax assets, internationally were $1,379.5 million at
December 31, 2007 and $342.0 million at December 31, 2006. No country other than the United States accounted for 10% or more of total long-lived assets,
excluding financial instruments and deferred tax assets at December 31, 2007 or 2006.
For 2007, 2006 and 2005, Dell, Inc. accounted for 14.3%, 14.5% and 11.6%, respectively, of our total revenues. Dell, Inc. also accounted for 10.2% of
our accounts receivable at December 31, 2006.
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