EMC 2008 Annual Report Download - page 25

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Table of Contents
ITEM 6. SELECTED CONSOLIDATED FINANCIAL DATA
FIVE YEAR SELECTED CONSOLIDATED FINANCIAL DATA
(in thousands, except per share amounts)
Year Ended December 31,
2008(1) 2007(2) 2006(3) 2005(4) 2004(5)
Summary of Operations:
Revenues $14,876,163 $13,230,205 $11,155,090 $ 9,663,955 $ 8,229,488
Operating income 1,568,936 1,739,252 1,207,758 1,480,422 1,043,993
Net income 1,345,567 1,665,668 1,227,601 1,133,165 871,189
Net income per weighted average share, basic $ 0.66 $ 0.80 $ 0.55 $ 0.48 $ 0.36
Net income per weighted average share, diluted $ 0.64 $ 0.77 $ 0.54 $ 0.47 $ 0.36
Weighted average shares, basic 2,048,506 2,079,542 2,248,431 2,382,977 2,402,198
Weighted average shares, diluted 2,079,853 2,157,873 2,286,304 2,432,582 2,450,570
Balance Sheet Data:
Working capital $ 5,446,593 $ 5,644,894 $ 2,858,825 $ 2,900,118 $ 1,882,226
Total assets 23,874,575 22,284,654 18,566,247 16,790,383 15,422,906
Long-term obligations(6) 3,454,314 3,454,643 3,454,665 129,994 130,844
Total stockholders' equity 13,041,963 12,521,317 10,325,707 12,065,430 11,523,287
In 2008, EMC acquired all of the outstanding shares of 12 companies (see Note C to the Consolidated Financial Statements).
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. and seven 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 and Captiva Software Corporation.
In 2004, EMC acquired all of the outstanding shares of VMware, Inc.
Includes long-term convertible debt and capital leases, excluding current portion.
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