VMware 2015 Annual Report Download - page 33

Download and view the complete annual report

Please find page 33 of the 2015 VMware annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 106

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106

TableofContents
ITEM 6. SELECTED FINANCIAL DATA
FIVE-YEAR SELECTED CONSOLIDATED FINANCIAL DATA
(amounts in millions, except per share amounts, and shares in thousands)
For the Year Ended December 31,
2015
2014
2013
2012
2011
Summary of Operations:
Revenues:
License $ 2,720
$ 2,591
$ 2,270
$ 2,087
$ 1,841
Services 3,927
3,444
2,937
2,518
1,926
GSAsettlement (76)
—
—
—
—
Totalrevenues $ 6,571
$ 6,035
$ 5,207
$ 4,605
$ 3,767
Operatingincome 1,197
1,027
1,093
872
735
Netincome 997
886
1,014
746
724
Netincomeperweightedaverageshare,basic,
forClassAandClassB $ 2.35
$ 2.06
$ 2.36
$ 1.75
$ 1.72
Netincomeperweightedaverageshare,diluted,
forClassAandClassB $ 2.34
$ 2.04
$ 2.34
$ 1.72
$ 1.68
Weightedaverageshares,basic,forClassAand
ClassB 424,003
430,355
429,093
426,658
421,188
Weightedaverageshares,diluted,forClassA
andClassB 426,547
434,513
433,415
433,974
431,750
December 31,
2015
2014
2013
2012
2011
Balance Sheet Data:
Cash,cashequivalentsandshort-terminvestments(1) $ 7,509
$ 7,075
$ 6,175
$ 4,631
$ 4,512
Workingcapital(1)(3) 5,231
4,886
4,198
2,982
3,148
Totalassets 15,746
15,216
12,327
10,596
8,681
Totalunearnedrevenues 5,076
4,833
4,092
3,461
2,708
Long-termobligations(2) 1,500
1,500
450
450
450
Totalstockholders’equity 7,923
7,586
6,816
5,740
4,770
Cash Flow Data:
Netcashprovidedbyoperatingactivities $ 1,899
$ 2,180
$ 2,535
$ 1,897
$ 2,026
____________________________
(1) In2012,weacquiredalloftheoutstandingcapitalstockofNicira,Inc.(“Nicira”)for$1,100million,netofcashacquired,consistingof$1,083millionincash
and$17millionforthefairvalueofassumedequityattributedtopre-combinationservices.
(2) OnJanuary21,2014,inconnectionwithouragreementtoacquireA.W.S.Holding,LLC(“AirWatchHolding”),thesolememberandequityholderof
AirWatchLLC(“AirWatch”),weandEMCenteredintoanoteexchangeagreementprovidingfortheissuanceofthreepromissorynotesintheaggregate
principalamountof$1,500million.Thetotaldebtof$1,500millionincludes$450millionthatwasexchangedforthe$450millionpromissorynote
outstandinginprioryears.RefertoNoteBtotheconsolidatedfinancialstatementsinPartII,Item8ofthisAnnualReportonForm10-Kforfurther
information.
(3) Duringthefourthquarterof2015,VMwareearly-adoptedAccountingStandardsUpdateNo.2015-17,BalanceSheetClassificationofDeferredTaxes,using
retrospectiveapplication.Thisstandardrequiresthatalldeferredtaxassetsandliabilities,andanyrelatedvaluationallowance,beclassifiedasnon-currenton
thebalancesheets.Theupdatedstandardhasbeenappliedretrospectivelytoallperiodspresented.
32