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Table of Contents
EMC CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
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):
2009 2008 2007
United States $ 7,384,308 $ 7,990,762 $ 7,343,042
Europe, Middle East and Africa 4,290,274 4,555,004 3,921,078
Asia Pacific 1,603,107 1,640,065 1,400,007
Latin America, Mexico and Canada 748,221 690,332 566,078
Total $ 14,025,910 $ 14,876,163 $ 13,230,205
No country other than the United States accounted for 10% or more of revenues in 2009, 2008 or 2007.
Long-lived assets, excluding financial instruments and deferred tax assets, in the United States were $11,285.8 million at December 31, 2009 and
$9,902.8 million at December 31, 2008. Internationally, long-lived assets, excluding financial instruments and deferred tax assets, were $2,295.6 million at
December 31, 2009 and $936.3 million at December 31, 2008. 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, 2009 or 2008.
Dell Inc., one of our channel partners, accounted for 11.5% and 14.3% of our revenues in 2008 and 2007, respectively.
T. Selected Quarterly Financial Data (unaudited)
Quarterly financial data for 2009 and 2008 is as follows (tables in thousands, except per share amounts):
2009 Q1 2009 Q2 2009 Q3 2009 Q4 2009
Revenues $ 3,150,762 $ 3,257,352 $ 3,517,630 $ 4,100,166
Gross profit 1,683,255 1,743,778 1,940,217 2,377,649
Net income attributable to EMC Corporation 194,069 205,232 298,180 390,596
Net income per weighted average share, diluted: common shareholders $ 0.10 $ 0.10 $ 0.14 $ 0.19
2008
Q1 2008
(As Adjusted)
Q2 2008
(As Adjusted)
Q3 2008
(As Adjusted)
Q4 2008
(As Adjusted)
Revenues $ 3,470,059 $ 3,673,874 $ 3,715,592 $ 4,016,638
Gross profit 1,909,395 2,028,570 2,058,720 2,225,684
Net income attributable to EMC Corporation 251,647 360,124 393,411 269,922
Net income per weighted average share, diluted: common shareholders $ 0.12 $ 0.17 $ 0.19 $ 0.13
Quarterly financial data for the fourth quarter of 2009 includes an after-tax charge for provision for litigation of $52.3 million or $0.02 per diluted
share.
Quarterly financial data for the fourth quarter of 2008 includes an after-tax restructuring charge which reduced net income by $199.5 million or $0.10
per diluted share.
U. Subsequent Events
EMC has been in ongoing settlement discussions with the Civil Division of the U.S. Department of Justice to resolve the claims alleged in U.S. ex rel.
Rille & Roberts v. EMC. Based on these discussions, and without any admission or finding of liability, we have determined that a settlement of the matter is
probable. As a result, we have adjusted our fourth quarter and full year 2009 EMC financial statements by recognizing an additional pre-tax charge of $57.5
million ($52.3 million after tax). See Note N.
On February 25, 2010, EMC entered into a definitive agreement with VMware to transfer key management technologies to VMware, including
solutions aimed at delivering configuration compliance for virtualized environments. The acquisition by VMware will further enhance its mission of driving
complexity out of the data center, desktop, application development and core
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