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Table of Contents VMware, Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
One customer accounted for 15% of revenues during each of the years ended December 31, 2014 , 2013 and 2012 , respectively, and
another
customer accounted for 13% , 12% and 12% of revenues during the years ended December 31, 2014 , 2013 and 2012 , respectively. A third
customer accounted for 11% of revenues during the years ended December 31, 2014 and 2013 , respectively.
Long-lived assets by geographic area, which primarily include property and equipment, net, as of December 31, 2014 and 2013 were as
follows (table in millions):
No individual country other than the United States accounted for 10% or more of these assets as of December 31, 2014 and 2013 ,
respectively.
VMware’s product and service solutions are organized into three main product groups:
VMware develops and markets product and service offerings within each of these three product groups. Additionally, synergies are
leveraged across these three product areas. VMware’
s products and service solutions from each of its product groups may also be bundled as part
of an ELA arrangement. Accordingly, it is not practicable to determine revenue by each of the three product groups described above.
P. Selected Quarterly Financial Data (unaudited)
Quarterly financial data for 2014 and 2013 were as follows (tables in millions, except per share amounts):
None.
Evaluation of Disclosure Controls and Procedures
We carried out an evaluation required by the Exchange Act, under the supervision and with the participation of our principal executive
officer and principal financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in
Rule 13a-15(e) of the Exchange Act, as of the end of the period covered by this report. Based on this evaluation, our principal executive officer
and principal financial officer concluded that, as of the end of the
98
December 31,
2014
2013
United States
$
801
$
741
International
117
58
Total
$
918
$
799
•
SDDC
• End-
User Computing
•
Hybrid Cloud Computing
2014 Q1 2014
Q2 2014
Q3 2014
Q4 2014
Revenues
$
1,360
$
1,457
$
1,515
$
1,703
Net income
199
167
194
326
Net income per share, basic
$
0.46
$
0.39
$
0.45
$
0.76
Net income per share, diluted
$
0.46
$
0.38
$
0.45
$
0.75
2013 Q1 2013
Q2 2013
Q3 2013
Q4 2013
Revenues
$
1,191
$
1,243
$
1,289
$
1,483
Net income
174
244
261
335
Net income per share, basic
$
0.41
$
0.57
$
0.61
$
0.78
Net income per share, diluted
$
0.40
$
0.57
$
0.60
$
0.77
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURES
ITEM 9A.
CONTROLS AND PROCEDURES