Income Statement VMware, Inc. Berne S.E.

Equities

BZF1

US9285634021

Software

Delayed Berne S.E. Other stock markets			5-day change	1st Jan Change
- ^CHF	-.--%		-.--%	-.--%

05-28	Mirantis K0rdent Accelerates Ai Infrastructure Adoption with Unified Cloud Native and Virtualized Workload Management	CI
2024	Apps Associates LLC and Matilda Cloud Partner to Offer VMWare Migration on AWS and OCI	CI

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Published financial data: VMWARE, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: February	2019	2020	2021	2022	2023
Revenues	8.97B	10.81B	11.77B	12.85B	13.35B
Total Revenues	8.97B	10.81B	11.77B	12.85B	13.35B
Cost of Goods Sold, Total	1.26B	1.8B	2.04B	2.27B	2.48B
Gross Profit	7.72B	9.01B	9.72B	10.58B	10.87B
Selling General & Admin Expenses, Total	3.68B	4.73B	4.72B	5.07B	5.43B
R&D Expenses	1.98B	2.52B	2.82B	3.06B	3.32B
Other Operating Expenses, Total	5.66B	7.26B	7.53B	8.13B	8.75B
Operating Income	2.06B	1.76B	2.19B	2.45B	2.12B
Interest Expense, Total	-134M	-149M	-204M	-252M	-304M
Interest And Investment Income	161M	60M	7M	2M	65M
Net Interest Expenses	27M	-89M	-197M	-250M	-239M
Currency Exchange Gains (Loss)	-	31M	31M	-	15M
Other Non Operating Income (Expenses)	7M	24M	-4M	10M	-6M
EBT, Excl. Unusual Items	2.09B	1.72B	2.02B	2.21B	1.89B
Restructuring Charges	-9M	-79M	-42M	-1M	-8M
Merger & Related Restructuring Charges	-	-	-	-63M	-87M
Gain (Loss) On Sale Of Investments	799M	31M	172M	-41M	-
Legal Settlements	-	-237M	237M	-	-
Other Unusual Items	-	-	-8M	-21M	-
EBT, Incl. Unusual Items	2.88B	1.44B	2.38B	2.08B	1.79B
Income Tax Expense	461M	-4.92B	324M	265M	478M
Earnings From Continuing Operations	2.42B	6.36B	2.06B	1.82B	1.31B
Net Income to Company	2.42B	6.36B	2.06B	1.82B	1.31B
Minority Interest	-	56M	-	-	-
Net Income - (IS)	2.42B	6.41B	2.06B	1.82B	1.31B
Net Income to Common Incl Extra Items	2.42B	6.41B	2.06B	1.82B	1.31B
Net Income to Common Excl. Extra Items	2.42B	6.41B	2.06B	1.82B	1.31B
Per Share Items
Net EPS - Basic	5.94	15.37	4.9	4.34	3.11
Basic EPS - Continuing Operations	5.94	15.37	4.9	4.34	3.11
Basic Weighted Average Shares Outstanding	408M	417M	420M	420M	423M
Net EPS - Diluted	5.85	15.08	4.86	4.31	3.09
Diluted EPS - Continuing Operations	5.85	15.08	4.86	4.31	3.09
Diluted Weighted Average Shares Outstanding	414M	425M	423M	422M	426M
Normalized Basic EPS	3.21	2.72	3.01	3.29	2.79
Normalized Diluted EPS	3.16	2.66	2.99	3.27	2.77
American Depositary Receipts Ratio (ADR)	0.08	0.08	0.08	0.08	0.08
Supplemental Items
EBITDA	2.43B	2.28B	2.78B	3.04B	2.71B
EBITA	2.22B	2.06B	2.52B	2.75B	2.37B
EBIT	2.06B	1.76B	2.19B	2.45B	2.12B
EBITDAR	2.57B	2.46B	2.98B	3.25B	2.92B
Total Revenues (As Reported)	8.97B	10.81B	11.77B	12.85B	13.35B
Effective Tax Rate - (Ratio)	15.99	-342	13.6	12.71	26.67
Current Domestic Taxes	212M	123M	230M	66M	446M
Current Foreign Taxes	136M	240M	246M	279M	250M
Total Current Taxes	348M	363M	476M	345M	696M
Deferred Domestic Taxes	121M	-263M	-33M	51M	-132M
Deferred Foreign Taxes	-8M	-5.02B	-119M	-131M	-86M
Total Deferred Taxes	113M	-5.28B	-152M	-80M	-218M
Normalized Net Income	1.31B	1.13B	1.26B	1.38B	1.18B
Interest on Long-Term Debt	129M	145M	202M	241M	305M
Supplemental Operating Expense Items
Advertising Expense	28M	25M	33M	35M	24M
Selling and Marketing Expenses	2.92B	3.68B	3.71B	4.07B	4.39B
General and Administrative Expenses	764M	1.06B	1B	1B	1.04B
Research And Development Expense From Footnotes	1.98B	2.52B	2.82B	3.06B	3.32B
Net Rental Expense, Total	145M	179M	202M	204M	214M
Imputed Operating Lease Interest Expense	36.68M	39.14M	51.9M	41.47M	41.19M
Imputed Operating Lease Depreciation	108M	140M	150M	163M	173M
Stock-Based Comp., COGS (Total)	52M	97M	119M	114M	132M
Stock-Based Comp., R&D Exp. (Total)	371M	459M	524M	528M	616M
Stock-Based Comp., S&M Exp. (Total)	203M	293M	322M	302M	376M
Stock-Based Comp., G&A Exp. (Total)	105M	168M	157M	131M	166M
Total Stock-Based Compensation	731M	1.02B	1.12B	1.08B	1.29B

Fiscal Period: February	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2.83B	2.92B	4.69B	3.61B	5.1B
Short Term Investments	19M	-	23M	19M	-
Total Cash And Short Term Investments	2.85B	2.92B	4.72B	3.63B	5.1B
Accounts Receivable, Total	2.54B	3.37B	3.41B	3.77B	4.62B
Total Receivables	2.54B	3.37B	3.41B	3.77B	4.62B
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	35M	83M	56M	43M	24M
Other Current Assets, Total	230M	327M	431M	519M	486M
Total Current Assets	5.65B	6.69B	8.61B	7.97B	10.23B
Gross Property Plant And Equipment	2.53B	3.6B	3.97B	4.27B	4.61B
Accumulated Depreciation	-1.4B	-1.44B	-1.64B	-1.75B	-2.01B
Net Property Plant And Equipment	1.13B	2.17B	2.33B	2.52B	2.6B
Long-term Investments	95M	159M	268M	163M	87M
Goodwill	5.38B	9.33B	9.6B	9.6B	9.6B
Other Intangibles, Total	541M	1.17B	993M	714M	478M
Deferred Tax Assets Long-Term	103M	5.56B	5.78B	5.91B	6.16B
Deferred Charges Long-Term	756M	938M	1.1B	1.2B	1.5B
Other Long-Term Assets, Total	1B	283M	332M	606M	589M
Total Assets	14.66B	26.29B	29.02B	28.68B	31.24B
Liabilities
Accounts Payable, Total	135M	208M	131M	234M	267M
Accrued Expenses, Total	732M	845M	1.27B	1.41B	1.44B
Short-term Borrowings	-	1.5B	-	-	-
Current Portion of Long-Term Debt	-	1.25B	-	-	1B
Current Portion of Leases	-	113M	114M	150M	153M
Current Income Taxes Payable	-	-	-	-	305M
Unearned Revenue Current, Total	3.97B	5.22B	5.87B	6.48B	7.08B
Other Current Liabilities	861M	1.19B	1B	1.38B	2.15B
Total Current Liabilities	5.7B	10.32B	8.39B	9.65B	12.39B
Long-Term Debt	4.24B	3B	4.99B	12.67B	9.44B
Long-Term Leases	-	801M	941M	970M	884M
Unearned Revenue Non Current	3.01B	4.05B	4.44B	4.74B	5.66B
Deferred Tax Liability Non Current	-	-	60M	-	-
Other Non Current Liabilities	1.16B	1.11B	1.15B	1.52B	1.32B
Total Liabilities	14.11B	19.28B	19.96B	29.55B	29.7B
Common Stock, Total	4M	4M	4M	4M	4M
Additional Paid In Capital	531M	2B	1.98B	-	1.1B
Retained Earnings	14M	5.01B	7.07B	-875M	439M
Comprehensive Income and Other	2M	-4M	-5M	-5M	-4M
Total Common Equity	551M	7.01B	9.05B	-876M	1.53B
Minority Interest	-	-	-	-	-
Total Equity	551M	7.01B	9.05B	-876M	1.53B
Total Liabilities And Equity	14.66B	26.29B	29.02B	28.68B	31.24B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	410M	418M	419M	421M	428M
ECS Total Common Shares Outstanding	411M	418M	419M	419M	427M
Book Value / Share	1.34	16.78	21.59	-2.09	3.59
Tangible Book Value	-5.37B	-3.49B	-1.54B	-11.19B	-8.54B
Tangible Book Value Per Share	-13.08	-8.36	-3.68	-26.71	-20.02
Total Debt	4.24B	6.66B	6.04B	13.79B	11.48B
Net Debt	1.39B	3.75B	1.33B	10.16B	6.38B
Debt Equivalent Oper. Leases	1.16B	1.43B	1.62B	1.63B	1.71B
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	951M	1.09B	1.14B	1.17B	1.24B
Machinery, Total	1.53B	1.52B	1.75B	1.86B	2.21B
Full Time Employees	22.99K	29.45K	32.3K	37.5K	38.3K
Accumulated Allowance for Doubtful Accounts (Supple)	2M	7M	5M	10M	9M
Order Backlog	449M	18M	93M	88M	72M

Fiscal Period: February	2019	2020	2021	2022	2023
Net Income	2.42B	6.41B	2.06B	1.82B	1.31B
Depreciation & Amortization - CF	208M	219M	260M	290M	338M
Amortization of Goodwill and Intangible Assets - (CF)	161M	300M	328M	303M	254M
Depreciation & Amortization, Total	369M	519M	588M	593M	592M
Amortization of Deferred Charges, Total - (CF)	261M	354M	437M	517M	642M
(Gain) Loss From Sale Of Asset	13M	-4M	24M	-	-
(Gain) Loss on Sale of Investments - (CF)	-799M	-31M	-172M	33M	-6M
Stock-Based Compensation (CF)	731M	1.02B	1.12B	1.08B	1.29B
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	120M	-5.33B	-145M	-49M	-211M
Change In Accounts Receivable	-178M	-119M	-37M	-379M	-218M
Change In Accounts Payable	104M	35M	-69M	98M	38M
Change in Unearned Revenues	1.13B	1.67B	1.01B	908M	1.52B
Change In Income Taxes	-40M	-23M	-68M	28M	283M
Change in Other Net Operating Assets	-474M	-625M	-342M	-287M	-944M
Cash from Operations	3.66B	3.87B	4.41B	4.36B	4.3B
Capital Expenditure	-245M	-279M	-329M	-386M	-450M
Sale of Property, Plant, and Equipment	38M	22M	28M	14M	91M
Cash Acquisitions	-938M	-2.44B	-409M	-23M	-17M
Divestitures	-12M	-4M	-	-	-
Investment in Marketable and Equity Securities, Total	5.6B	-30M	-3M	66M	9M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	4.45B	-2.73B	-713M	-329M	-367M
Long-Term Debt Issued, Total	-	3.39B	1.98B	9.94B	-
Total Debt Issued	-	3.39B	1.98B	9.94B	-
Long-Term Debt Repaid, Total	-	-1.9B	-2.76B	-2.29B	-2.26B
Total Debt Repaid	-	-1.9B	-2.76B	-2.29B	-2.26B
Issuance of Common Stock	188M	335M	273M	270M	250M
Repurchase of Common Stock	-399M	-1.87B	-1.36B	-1.55B	-464M
Special Dividend Paid	-11B	-	-	-11.5B	-
Other Financing Activities, Total	-8M	-1.67B	-91M	-	-
Cash from Financing	-11.22B	-1.71B	-1.96B	-5.14B	-2.47B
Foreign Exchange Rate Adjustments	-	-2M	-	-	-
Net Change in Cash	-3.11B	-565M	1.74B	-1.11B	1.46B
Supplemental Items
Cash Interest Paid	129M	134M	200M	200M	292M
Cash Income Tax Paid (Refund)	398M	369M	543M	331M	383M
Levered Free Cash Flow	2.59B	3.27B	3.75B	3.97B	4.15B
Unlevered Free Cash Flow	2.67B	3.36B	3.88B	4.12B	4.34B
Change In Net Working Capital	-267M	-650M	-687M	-793M	-939M
Net Debt Issued / Repaid	-	1.49B	-782M	7.65B	-2.26B

Fiscal Period: February	2019	2020	2021	2022	2023
Profitability
Return on Assets	7.18	5	4.96	5.31	4.42
Return on Total Capital	14.58	10.56	9.53	10.94	10.21
Return On Equity %	52.8	128.4	25.63	44.53	399.39
Return on Common Equity	52.8	144.51	25.63	44.53	399.39
Margin Analysis
Gross Profit Margin %	85.98	83.36	82.64	82.33	81.41
SG&A Margin	41.03	43.78	40.07	39.47	40.7
EBITDA Margin %	27.06	21.05	23.63	23.69	20.29
EBITA Margin %	24.74	19.03	21.42	21.43	17.76
EBIT Margin %	22.94	16.25	18.64	19.07	15.86
Income From Continuing Operations Margin %	26.99	58.79	17.49	14.16	9.84
Net Income Margin %	26.99	59.31	17.49	14.16	9.84
Net Avail. For Common Margin %	26.99	59.31	17.49	14.16	9.84
Normalized Net Income Margin	14.58	10.48	10.74	10.75	8.83
Levered Free Cash Flow Margin	28.82	30.21	31.85	30.86	31.06
Unlevered Free Cash Flow Margin	29.75	31.07	32.94	32.09	32.48
Asset Turnover
Asset Turnover	0.5	0.49	0.43	0.45	0.45
Fixed Assets Turnover	8.13	6.5	5.23	5.3	5.21
Receivables Turnover (Average Receivables)	4	3.49	3.47	3.58	3.18
Short Term Liquidity
Current Ratio	0.99	0.65	1.03	0.83	0.83
Quick Ratio	0.95	0.61	0.97	0.77	0.78
Operating Cash Flow to Current Liabilities	0.64	0.38	0.53	0.45	0.35
Days Sales Outstanding (Average Receivables)	91.06	104.43	104.8	101.7	116.61
Average Days Payable Outstanding	21.7	36.52	30.2	29.25	37.44
Long Term Solvency
Total Debt/Equity	769.87	95.05	66.76	-1.57K	748.17
Total Debt / Total Capital	88.5	48.73	40.03	106.78	88.21
LT Debt/Equity	769.87	54.24	65.5	-1.56K	673.01
Long-Term Debt / Total Capital	88.5	27.81	39.28	105.62	79.35
Total Liabilities / Total Assets	96.24	73.34	68.81	103.05	95.09
EBIT / Interest Expense	15.37	11.79	10.75	9.73	6.96
EBITDA / Interest Expense	18.12	16.48	14.62	12.89	9.62
(EBITDA - Capex) / Interest Expense	16.29	14.6	13.01	11.36	8.13
Total Debt / EBITDA	1.75	2.71	2.03	4.25	3.93
Net Debt / EBITDA	0.57	1.53	0.44	3.13	2.18
Total Debt / (EBITDA - Capex)	1.94	3.06	2.28	4.82	4.64
Net Debt / (EBITDA - Capex)	0.64	1.72	0.5	3.55	2.58
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	14.14	12.46	8.84	9.21	3.88
Gross Profit, 1 Yr. Growth %	14.8	11.8	7.9	8.8	2.72
EBITDA, 1 Yr. Growth %	13.4	2.15	22.19	9.46	-9.12
EBITA, 1 Yr. Growth %	14.26	-0.1	22.56	9.24	-11.89
EBIT, 1 Yr. Growth %	14.01	-3.04	24.82	11.76	-11.35
Earnings From Cont. Operations, 1 Yr. Growth %	267.53	299.75	-67.62	-11.56	-27.8
Net Income, 1 Yr. Growth %	267.53	288.61	-67.9	-11.56	-27.8
Normalized Net Income, 1 Yr. Growth %	12.59	-6.95	11.61	8.17	-12.15
Diluted EPS Before Extra, 1 Yr. Growth %	267.92	284.69	-67.77	-11.32	-28.31
Accounts Receivable, 1 Yr. Growth %	29.9	18.65	1.31	10.59	22.54
Net Property, Plant and Equip., 1 Yr. Growth %	5.49	86.4	7.62	8.24	2.93
Total Assets, 1 Yr. Growth %	-30.86	49.46	10.35	-1.17	8.93
Tangible Book Value, 1 Yr. Growth %	-254.38	-46.43	-55.87	626.02	-23.65
Common Equity, 1 Yr. Growth %	-93.61	275.82	29.13	-109.68	-275.11
Cash From Operations, 1 Yr. Growth %	13.83	5.88	13.87	-1.18	-1.31
Capital Expenditures, 1 Yr. Growth %	-6.84	9.84	17.92	17.33	16.58
Levered Free Cash Flow, 1 Yr. Growth %	38.78	19.51	14.76	5.82	5.58
Unlevered Free Cash Flow, 1 Yr. Growth %	39.8	19.27	15.38	6.41	6.16
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	20.86	13.88	10.64	9.03	6.51
Gross Profit, 2 Yr. CAGR %	23.88	14.04	9.83	8.35	5.72
EBITDA, 2 Yr. CAGR %	294.51	9.16	11.72	15.65	-1.3
EBITA, 2 Yr. CAGR %	140.44	8.54	10.65	15.71	-3.02
EBIT, 2 Yr. CAGR %	102.12	5.89	10.01	18.11	-1.75
Earnings From Cont. Operations, 2 Yr. CAGR %	535.35	286.72	13.77	-46.49	-20.09
Net Income, 2 Yr. CAGR %	535.35	283.05	11.68	-46.72	-20.09
Normalized Net Income, 2 Yr. CAGR %	123.23	4.9	1.91	10.57	-3.73
Diluted EPS Before Extra, 2 Yr. CAGR %	531.2	280.79	11.35	-46.54	-20.26
Accounts Receivable, 2 Yr. CAGR %	40.51	31.28	9.63	5.85	16.41
Net Property, Plant and Equip., 2 Yr. CAGR %	4.28	42.01	41.63	7.93	5.55
Total Assets, 2 Yr. CAGR %	-5.44	11.35	28.42	4.43	3.76
Tangible Book Value, 2 Yr. CAGR %	20.86	0.19	-51.38	78.99	135.44
Common Equity, 2 Yr. CAGR %	-74.1	-9.85	120.3	-64.65	-58.83
Cash From Operations, 2 Yr. CAGR %	-8.05	11.74	9.8	6.08	-1.24
Capital Expenditures, 2 Yr. CAGR %	6.5	0.54	13.81	17.62	16.95
Levered Free Cash Flow, 2 Yr. CAGR %	-	35.34	17.11	10.2	5.18
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	35.51	17.3	10.8	5.77
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	20.73	12.18	10.16	7.28
Gross Profit, 3 Yr. CAGR %	-	21.47	11.96	9.49	6.44
EBITDA, 3 Yr. CAGR %	-	144.35	13.34	10.96	5.98
EBITA, 3 Yr. CAGR %	-	74.97	13.03	10.18	4.85
EBIT, 3 Yr. CAGR %	-	51.63	11.86	10.59	6.41
Earnings From Cont. Operations, 3 Yr. CAGR %	-	373.16	69.18	4.61	-40.87
Net Income, 3 Yr. CAGR %	-	374.55	67.62	3.32	-41.04
Normalized Net Income, 3 Yr. CAGR %	-	62.81	7.09	4.31	1.42
Diluted EPS Before Extra, 3 Yr. CAGR %	-	368.3	67.19	3.21	-41.05
Accounts Receivable, 3 Yr. CAGR %	-	37.85	20.42	9.95	11.14
Net Property, Plant and Equip., 3 Yr. CAGR %	-	27.62	29.47	29.49	6.24
Total Assets, 3 Yr. CAGR %	-	17.05	11.02	17.69	5.91
Tangible Book Value, 3 Yr. CAGR %	-	-1.71	-23.77	19.73	34.74
Common Equity, 3 Yr. CAGR %	-	-5.16	1.62	-22.27	-39.74
Cash From Operations, 3 Yr. CAGR %	-	-3.67	12.45	6.01	3.56
Capital Expenditures, 3 Yr. CAGR %	-	8.91	6.03	14.97	17.27
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	28.1	13.22	8.28
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	28.43	13.55	8.88
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	15.9	9.88
Gross Profit, 5 Yr. CAGR %	-	-	-	16.04	9.42
EBITDA, 5 Yr. CAGR %	-	-	-	81.16	7.24
EBITA, 5 Yr. CAGR %	-	-	-	48.3	6.31
EBIT, 5 Yr. CAGR %	-	-	-	37.21	6.2
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	97.87	25.33
Net Income, 5 Yr. CAGR %	-	-	-	97.87	24.63
Normalized Net Income, 5 Yr. CAGR %	-	-	-	39.4	2.76
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	96.58	24.33
Accounts Receivable, 5 Yr. CAGR %	-	-	-	24.03	18.8
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	19.35	19.31
Total Assets, 5 Yr. CAGR %	-	-	-	11.83	8.05
Tangible Book Value, 5 Yr. CAGR %	-	-	-	24.93	19.68
Common Equity, 5 Yr. CAGR %	-	-	-	-36.09	-29.2
Cash From Operations, 5 Yr. CAGR %	-	-	-	0.12	6.76
Capital Expenditures, 5 Yr. CAGR %	-	-	-	12.31	10.27
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	18.38
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	18.84