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Table of Contents
EMC CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
EMC Information Infrastructure
2010:
Information
Storage
Information
Intelligence
Group
RSA
Information
Security
EMC
Information
Infrastructure
VMware
Virtual
Infrastructure
within EMC
Corp
Reconciling
Items Consolidated
Revenues:
Product revenues $ 8,824,287 $ 269,138 $ 400,151 $ 9,493,576 $ 1,399,281 $ — $10,892,857
Services revenues 3,874,825 466,759 329,233 4,670,817 1,451,452 — 6,122,269
Total consolidated revenues 12,699,112 735,897 729,384 14,164,393 2,850,733 — 17,015,126
Cost of sales 5,836,382 258,239 221,579 6,316,200 425,257 242,688 6,984,145
Gross profit $ 6,862,730 $ 477,658 $ 507,805 7,848,193 2,425,476 (242,688) 10,030,981
Gross profit percentage 54.0% 64.9% 69.6% 55.4% 85.1% — 59.0%
Research and development 1,122,835 477,799 287,381 1,888,015
Selling, general and administrative 3,737,081 1,160,768 477,456 5,375,305
Restructuring and acquisition-related charges — — 84,375 84,375
Total costs and expenses 4,859,916 1,638,567 849,212 7,347,695
Operating income 2,988,277 786,909 (1,091,900) 2,683,286
Other income (expense), net 48,214 (16,458) (107,059) (75,303)
Income before tax 3,036,491 770,451 (1,198,959) 2,607,983
Income tax provision 742,736 128,233 (232,672) 638,297
Net income 2,293,755 642,218 (966,287) 1,969,686
Net income attributable to the non-controlling
interest in VMware, Inc. — (124,728) 55,037 (69,691)
Net income attributable to EMC Corporation $ 2,293,755 $ 517,490 $ (911,250) $ 1,899,995
EMC Information Infrastructure
2009:
Information
Storage
Information
Intelligence
Group
RSA
Information
Security
EMC
Information
Infrastructure
VMware
Virtual
Infrastructure
within EMC
Corp
Reconciling
Items Consolidated
Revenues:
Product revenues $ 7,198,051 $ 260,836 $ 340,272 $ 7,799,159 $ 1,028,986 $ — $ 8,828,145
Services revenues 3,461,358 478,753 265,678 4,205,789 991,976 — 5,197,765
Total consolidated revenues 10,659,409 739,589 605,950 12,004,948 2,020,962 — 14,025,910
Cost of sales 5,256,682 274,763 186,462 5,717,907 316,278 246,826 6,281,011
Gross profit $ 5,402,727 $ 464,826 $ 419,488 6,287,041 1,704,684 (246,826) 7,744,899
Gross profit percentage 50.7% 62.8% 69.2% 52.4% 84.4% — 55.2%
Research and development 1,022,147 369,514 235,848 1,627,509
Selling, general and administrative 3,258,055 842,097 495,473 4,595,625
Restructuring and acquisition-related charges — — 107,490 107,490
Total costs and expenses 4,280,202 1,211,611 838,811 6,330,624
Operating income 2,006,839 493,073 (1,085,637) 1,414,275
Other income (expense), net 52,325 (9,499) (82,525) (39,699)
Income before tax 2,059,164 483,574 (1,168,162) 1,374,576
Income tax provision 424,708 78,069 (250,002) 252,775
Net income 1,634,456 405,505 (918,160) 1,121,801
Net income attributable to the non-controlling
interest in VMware, Inc. — (69,285) 35,561 (33,724)
Net income attributable to EMC Corporation $ 1,634,456 $ 336,220 $ (882,599) $ 1,088,077
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