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Table of Contents
VMware, Inc.
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
The accompanying notes are an integral part of the consolidated financial statements.
68
December 31,
2009
2008
ASSETS
Current assets:
Cash and cash equivalents
$
2,486,461
$
1,840,812
Accounts receivable, less allowance for doubtful accounts
534,196
338,014
Due from EMC, net
26,402
—
Deferred tax asset, current portion
63,360
44,573
Income taxes receivable from EMC
2,967
111,050
Other current assets
69,094
55,639
Total current assets
3,182,480
2,390,088
Property and equipment, net
402,356
418,212
Capitalized software development costs, net and other
169,293
134,553
Deferred tax asset, net of current portion
102,529
68,280
Intangible assets, net
94,557
56,984
Goodwill
1,115,769
771,088
Total assets
$
5,066,984
$
3,839,205
LIABILITIES AND STOCKHOLDERS
’
EQUITY
Current liabilities:
Accounts payable
$
50,566
$
74,708
Accrued expenses
324,061
211,519
Due to EMC, net
—
33,407
Income taxes payable
10,462
15,761
Deferred revenue, current portion
908,953
544,355
Total current liabilities
1,294,042
879,750
Note payable to EMC
450,000
450,000
Deferred revenue, net of current portion
416,345
325,634
Deferred tax liability
60,300
47,825
Other liabilities
103,346
65,929
Total liabilities
2,324,033
1,769,138
Commitments and contingencies (see Note I)
Stockholders
’
equity:
Class A common stock, par value $.01; authorized 2,500,000 shares; issued and outstanding 102,785 and
90,448 shares
1,028
904
Class B convertible common stock, par value $.01; authorized 1,000,000 shares; issued and outstanding
300,000 shares
3,000
3,000
Additional paid
-
in capital
2,339,079
1,836,513
Accumulated other comprehensive income
4,563
—
Retained earnings
395,281
229,650
Total stockholders
’
equity
2,742,951
2,070,067
Total liabilities and stockholders
’
equity
$
5,066,984
$
3,839,205