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Table of Contents
VMWARE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Intangible Assets, Net
Intangible assets, net, excluding goodwill, as of December 31, 2009 and 2008, consist of the following (table in thousands):
Amortization expense on intangibles was $14.1 million, $17.5 million and $25.7 million in the years ended December 31, 2009, 2008 and
2007, respectively. Based on intangible assets recorded as of December 31, 2009 and assuming no subsequent additions or impairment of the
underlying assets, the remaining estimated annual amortization expense is expected to be as follows (table in thousands):
E. Property and Equipment, Net
Property and equipment, net, as of December 31, 2009 and 2008 consist of the following (table in thousands):
85
2009
Weighted
-
Average
Useful
Lives
(in years)
Gross Carrying
Amount
Accumulated
Amortization
Net Book
Value
Purchased technology
4.9
$
168,822
$
(114,804
)
$
54,018
Customer relationships and customer lists
8.6
37,694
(6,451
)
31,243
Trademarks and tradenames
7.4
14,680
(7,607
)
7,073
Other
4.3
8,625
(6,402
)
2,223
Total intangible assets, net, excluding goodwill
$
229,821
$
(135,264
)
$
94,557
2008
Weighted
-
Average
Useful
Lives
(in years)
Gross Carrying
Amount
Accumulated
Amortization
Net Book
Value
Purchased technology
5.3
$
151,922
$
(103,135
)
$
48,787
Trademarks and tradenames
5.0
7,580
(7,580
)
—
Customer relationships and customer lists
6.8
11,994
(4,629
)
7,365
Other
4.6
6,618
(5,786
)
832
Total intangible assets, net, excluding goodwill
$
178,114
$
(121,130
)
$
56,984
2010
$
15,585
2011
20,158
2012
20,563
2013
10,646
2014
5,558
Thereafter
22,047
Total
$
94,557
December 31,
2009
2008
Equipment and software
$
327,148
$
284,458
Buildings and improvements
256,758
182,118
Furniture and fixtures
48,075
45,904
Construction in progress
5,892
66,663
Total property and equipment
637,873
579,143
Accumulated depreciation
(235,517
)
(160,931
)
Total property and equipment, net
$
402,356
$
418,212