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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.
66
December 31,
2012
December 31,
2011
ASSETS
Current assets:
Cash and cash equivalents
$
1,609,322
$
1,955,756
Short-term investments
3,021,512
2,556,450
Accounts receivable, net of allowance for doubtful accounts of $4,267 and $3,794
1,150,906
882,857
Due from EMC, net
67,934
73,799
Deferred tax asset
179,430
128,471
Other current assets
90,935
80,439
Total current assets
6,120,039
5,677,772
Property and equipment, net
664,669
525,490
Other assets, net
128,701
154,236
Deferred tax asset
103,001
156,855
Intangible assets, net
731,852
407,375
Goodwill
2,848,130
1,759,080
Total assets
$
10,596,392
$
8,680,808
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable
$
89,562
$
49,747
Accrued expenses and other
674,746
587,650
Unearned revenues
2,195,926
1,764,109
Total current liabilities
2,960,234
2,401,506
Note payable to EMC
450,000
450,000
Unearned revenues
1,264,639
944,309
Other liabilities
181,538
114,711
Total liabilities
4,856,411
3,910,526
Commitments and contingencies (see Note L)
Stockholders’ equity:
Class A common stock, par value $.01; authorized 2,500,000 shares; issued and outstanding
128,688 and 123,610 shares
1,287
1,236
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
3,431,710
3,212,264
Accumulated other comprehensive income
5,676
1,176
Retained earnings
2,298,308
1,552,606
Total stockholders’ equity
5,739,981
4,770,282
Total liabilities and stockholders’ equity
$
10,596,392
$
8,680,808