VMware 2009 Annual Report Download - page 86

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Table of Contents
VMWARE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The following table summarizes the allocation of the consideration transferred to the fair value of the assets acquired and liabilities
assumed at December 31, 2009 (table in thousands):
As required by generally accepted accounting principles, VMware remeasured a previously held equity interest in SpringSource to a fair
value of $10.9 million immediately before the acquisition date and recorded a gain of $5.9 million in other income (expense), net on the
consolidated statements of income for the year ended December 31, 2009. The $10.9 million was recorded to goodwill, bringing the total amount
of goodwill related to SpringSource to $350.0 million.
Fiscal Year 2008
On July 1, 2008, VMware acquired all of the outstanding capital stock of a privately-held application performance management software
company. The results of this company’s operations have been included in VMware’s consolidated financial statements since that date.
The aggregate consideration transferred in this acquisition was $60.8 million, which includes cash of $58.4 million and the fair value of
stock options assumed attributed to pre-combination services of $2.4 million.
The following table summarizes the fair values of the assets acquired and liabilities assumed in this acquisition as of December 31, 2008,
and reflects adjustments made in 2009 to finalize the purchase price allocation (table in thousands):
In addition to the above acquisition, VMware acquired six companies during 2008 for aggregate cash consideration of $80.3 million, net of
cash acquired and including transaction costs. In connection with these acquisitions, the Company acquired technologies that are complementary
to VMware’s core virtualization
83
Cash
$
16,703
Other current assets
8,147
Property and equipment
1,071
Intangible assets
46,000
Goodwill
339,177
Deferred tax asset and other assets
12,931
Total assets acquired
424,029
Deferred tax liability
(12,388
)
Deferred revenue
(7,811
)
Other current liabilities
(3,063
)
Income taxes payable
(11,600
)
Total liabilities assumed
(34,862
)
Fair value of identifiable assets acquired and liabilities assumed
$
389,167
Cash
$
216
Intangible assets
18,503
Goodwill
53,803
Assets acquired
5,511
Total assets acquired
78,033
Total liabilities assumed
(17,209
)
Fair value of identifiable assets acquired and liabilities assumed
$
60,824