VMware 2007 Annual Report Download - page 40

Download and view the complete annual report

Please find page 40 of the 2007 VMware 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 123

  • 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

Table of Contents
FIVE YEAR SELECTED CONSOLIDATED FINANCIAL DATA
(in thousands, except per share amounts)
36
ITEM 6.
SELECTED FINANCIAL DATA
Successor Company
Predecessor Company
Year Ended December 31,
Period from
January 9, 2004 to
December 31, 2004
Period from
February 1, 2003 to
January 8, 2004
(unaudited)
2007
2006
2005
Summary of Operations:
Revenues:
License
$
905,368
$
491,902
$
287,006
$
178,873
$
61,980
Services
420,443
212,002
100,068
39,883
12,220
Total revenues
$
1,325,811
$
703,904
$
387,074
$
218,756
$
74,200
Operating income
(1)
235,341
120,639
93,595
35,207
6,032
Net income
218,137
85,890
66,775
16,781
4,620
Net income per weighted average share, basic,
for Class A and Class B
$
0.62
$
0.26
$
0.20
$
0.05
Not applicable
Net income per weighted average share, diluted,
for Class A and Class B
$
0.61
$
0.26
$
0.20
$
0.05
Not applicable
Weighted average shares, basic, for Class A and
Class B
350,493
332,500
332,500
332,500
Not applicable
Weighted average shares, diluted, for Class A
and Class B
359,189
332,500
332,500
332,500
Not applicable
Successor Company
Predecessor Company
December 31,
2007
2006
2005
2004
January 8, 2004
Balance Sheet Data:
Cash and cash equivalents
(2)
$
1,231,168
$
176,134
$
38,653
$
36,059
$
49,883
Working capital (deficiency)
(2)
933,322
(55,318
)
(134,198
)
(29,166
)
12,189
Total assets
(2)
2,695,700
1,145,950
799,803
697,675
82,015
Long-term obligations
(3)
450,000
800,000
—
—
—
Stockholders' equity (deficit)
(2)(3)
1,340,617
(230,812
)
453,829
560,282
(27,455
)
Cash Flow Data:
Net cash provided by operating activities
$
552,436
$
279,863
$
238,247
$
93,994
Not applicable
(1) In evaluating our results, we focus on operating income excluding stock-based compensation, amortization of intangible assets, the write-
off of in-process research and development, and the net effect of the amortization and capitalization of software development costs
incurred in the research and development of new software products. Operating income in the table above includes stock-based
compensation, acquisition-related intangible amortization and capitalized software development costs amortization, and excludes
capitalized software development costs, as indicated in the table below.