EMC 2007 Annual Report Download - page 25

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ITEM 6. SELECTED CONSOLIDATED FINANCIAL DATA
FIVE YEAR SELECTED CONSOLIDATED FINANCIAL DATA
(in thousands, except per share amounts)
Year Ended December 31,
2007(1) 2006(2) 2005(3) 2004(4) 2003(5)
Summary of Operations:
Revenues $13,230,205 $11,155,090 $ 9,663,955 $ 8,229,488 $ 6,236,808
Operating income 1,739,252 1,207,758 1,480,422 1,043,993 401,157
Net income 1,665,668 1,227,601 1,133,165 871,189 496,108
Net income per weighted average share, basic $ 0.80 $ 0.55 $ 0.48 $ 0.36 $ 0.22
Net income per weighted average share, diluted $ 0.77 $ 0.54 $ 0.47 $ 0.36 $ 0.22
Weighted average shares, basic 2,079,542 2,248,431 2,382,977 2,402,198 2,211,544
Weighted average shares, diluted 2,157,873 2,286,304 2,432,582 2,450,570 2,237,656
Balance Sheet Data:
Working capital $ 5,644,894 $ 2,858,825 $ 2,900,118 $ 1,882,226 $ 2,140,775
Total assets 22,284,654 18,566,247 16,790,383 15,422,906 14,092,860
Long-term obligations(6) 3,454,643 3,454,665 129,994 130,844 132,634
Stockholders' equity 12,521,317 10,325,707 12,065,430 11,523,287 10,884,721
In 2007, EMC acquired all of the outstanding shares of 14 companies (see Note C to the Consolidated Financial Statements).
In 2006, EMC acquired all of the outstanding shares of RSA Security Inc. ("RSA"), Network Intelligence Corporation ("Network Intelligence"), Akimbi Systems, Inc.
("Akimbi") and 5 other companies (see Note C to the Consolidated Financial Statements). In 2006, EMC adopted FAS No. 123R "Share-based Payment" which requires the
expensing of stock options. As a result of adopting the new standard, Operating income decreased by $241.6 million, Net income decreased by $204.5 million, Net income per
weighted average share, basic decreased by $0.10 and Net income per weighted average share, diluted decreased by $0.09.
In 2005, EMC acquired all of the outstanding shares of System Management Arts Incorporated ("Smarts") and Captiva Software Corporation ("Captiva") (see Note C to the
Consolidated Financial Statements).
In 2004, EMC acquired all of the outstanding shares of VMware, Inc. ("VMware").
In 2003, EMC acquired all of the outstanding shares of LEGATO Systems, Inc. ("LEGATO") and Documentum, Inc. ("Documentum").
Includes long-term convertible debt and capital leases, excluding current portion.
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