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Table of Contents
FIVE-YEAR SELECTED CONSOLIDATED FINANCIAL DATA
(in thousands, except per share amounts)
____________________________
40
ITEM 6.
SELECTED FINANCIAL DATA
For the Year Ended December 31,
2012
2011
2010
2009
2008
Summary of Operations:
Revenues:
License
$
2,086,990
$
1,841,169
$
1,401,424
$
1,029,442
$
1,178,142
Services
2,518,057
1,925,927
1,455,919
994,495
702,885
Total revenues
$
4,605,047
$
3,767,096
$
2,857,343
$
2,023,937
$
1,881,027
Operating income
871,943
735,171
427,993
219,295
312,525
Net income
745,702
723,936
357,439
197,098
290,133
Net income per weighted average share,
basic, for Class A and Class B
$
1.75
$
1.72
$
0.87
$
0.50
$
0.75
Net income per weighted average share,
diluted, for Class A and Class B
$
1.72
$
1.68
$
0.84
$
0.49
$
0.73
Weighted average shares, basic, for
Class A and Class B
426,658
421,188
409,805
394,269
385,068
Weighted average shares, diluted, for
Class A and Class B
433,974
431,750
423,446
399,776
397,185
December 31,
2012
2011
2010
2009
2008
Balance Sheet Data:
Cash, cash equivalents and short-term
investments
(1)
$
4,630,834
$
4,512,206
$
3,323,640
$
2,513,821
$
1,840,812
Working capital
(1)
3,159,805
3,276,266
2,508,503
1,888,438
1,510,338
Total assets
10,596,392
8,680,808
6,797,319
5,066,984
3,839,205
Total unearned revenues
3,460,565
2,708,418
1,860,094
1,325,298
869,989
Long-term obligations
450,000
450,000
450,000
450,000
450,000
Stockholders’ equity
5,739,981
4,770,282
3,808,443
2,742,951
2,070,067
Cash Flow Data:
Net cash provided by operating activities
$
1,897,524
$
2,025,633
$
1,174,389
$
985,616
$
800,131
Free cash flows
(2)
1,663,066
1,795,542
1,042,694
882,241
608,535
(1) In 2012, VMware acquired all of the outstanding capital stock of Nicira, Inc. (“Nicira”) for $1,099.6 million , net of cash acquired,
consisting of $1,083.0 million in cash and $16.6 million for the fair value of assumed equity attributed to pre-combination services. See
Note B to the consolidated financial statements for further information.
(2) In 2012, VMware changed its methodology for calculating free cash flows. Free cash flows, a non-GAAP financial measure, are now
defined as net cash provided by operating activities less capital expenditures. The amounts presented in the table above have been recast to
reflect the change in methodology. See Item 7 of Part II, “Management’s Discussion and Analysis of Financial Condition and Results of
Operations—Non-GAAP Financial Measures” for further information.