EMC 2009 Annual Report Download - page 91

Download and view the complete annual report

Please find page 91 of the 2009 EMC annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 144

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144

Table of Contents
EMC CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
EMC Information Infrastructure
2008 (As Adjusted):
Information
Storage
Content
Management
and
Archiving
RSA
Information
Security
EMC
Information
Infrastructure
VMware
Virtual
Infrastructure
within EMC
Corp
Reconciling
Items Consolidated
Revenues:
Product revenues $ 8,263,529 $ 278,173 $ 355,063 $ 8,896,765 $ 1,175,051 $ — $ 10,071,816
Services revenues 3,368,775 507,475 226,212 4,102,462 701,885 — 4,804,347
Total consolidated revenues 11,632,304 785,648 581,275 12,999,227 1,876,936 — 14,876,163
Cost of sales 5,670,103 305,627 170,622 6,146,352 268,716 238,726 6,653,794
Gross profit $ 5,962,201 $ 480,021 $ 410,653 6,852,875 1,608,220 (238,726) 8,222,369
Gross profit percentage 51.3% 61.1% 70.6% 52.7% 85.7% — 55.3%
Research and development 1,203,728 342,239 175,363 1,721,330
Selling, general and administrative 3,486,847 747,583 367,158 4,601,588
In-process research and development — — 85,780 85,780
Restructuring and acquisition-related charges (357) — 245,092 244,735
Total costs and expenses 4,690,218 1,089,822 873,393 6,653,433
Operating income 2,162,657 518,398 (1,112,119) 1,568,936
Other income (expense), net 136,395 4,352 (109,458) 31,289
Income before tax 2,299,052 522,750 (1,221,577) 1,600,225
Income tax provision 510,873 78,744 (309,221) 280,396
Net income 1,788,179 444,006 (912,356) 1,319,829
Net income attributable to the non-controlling interest in VMware, Inc. — (68,532) 23,807 (44,725)
Net income attributable to EMC Corporation $ 1,788,179 $ 375,474 $ (888,549) $ 1,275,104
EMC Information Infrastructure
2007 (As Adjusted):
Information
Storage
Content
Management
and
Archiving
RSA
Information
Security
EMC
Information
Infrastructure
VMware
Virtual
Infrastructure
within EMC
Corp
Reconciling
Items Consolidated
Revenues:
Product revenues $ 7,813,388 $ 337,488 $ 357,904 $ 8,508,780 $ 903,196 $ — $ 9,411,976
Services revenues 2,797,492 435,750 167,371 3,400,613 417,616 — 3,818,229
Total consolidated revenues 10,610,880 773,238 525,275 11,909,393 1,320,812 — 13,230,205
Cost of sales 5,237,239 271,455 144,366 5,653,060 188,646 177,171 6,018,877
Gross profit $ 5,373,641 $ 501,783 $ 380,909 6,256,333 1,132,166 (177,171) 7,211,328
Gross profit percentage 50.6% 64.9% 72.5% 52.5% 85.7% — 54.5%
Research and development 1,152,218 255,312 119,398 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 and acquisition-related charges (3,241) — 34,551 31,310
Total costs and expenses 4,243,492 798,657 429,927 5,472,076
Operating income 2,012,841 333,509 (607,098) 1,739,252
Other income (expense), net 177,850 5,137 40,392 223,379
Income before tax 2,190,691 338,646 (566,706) 1,962,631
Income tax provision 493,710 44,664 (190,163) 348,211
Net income 1,696,981 293,982 (376,543) 1,614,420
Net income attributable to the non-controlling interest in VMware, Inc. — (22,116) 6,661 (15,455)
Net income attributable to EMC Corporation $ 1,696,981 $ 271,866 $ (369,882) $ 1,598,965
89