Segment, Geographic, and Significant Customer Information

9 Months Ended

Jan. 25, 2013

Segment, Geographic, and Significant Customer Information

14.  Segment, Geographic, and Significant Customer Information

We operate in one industry segment: the design, manufacturing, marketing, and technical support of high-performance networked storage solutions. We conduct business globally, and our sales and support activities are managed on a geographic basis. Our management reviews financial information presented on a consolidated basis, accompanied by disaggregated information it receives from its internal management system about revenues by geographic region, based on the location from which the customer relationship is managed, for purposes of allocating resources and evaluating financial performance. We do not allocate costs of revenues, research and development, sales and marketing, or general and administrative expenses to our geographic regions in this internal management system because management does not review operations or operating results, or make planning decisions, below the consolidated entity level.

Summarized revenues by geographic region from our internal management system and utilized by our Chief Executive Officer, who is considered our Chief Operating Decision Maker, is as follows (in millions):

	Three Months Ended				Nine Months Ended
	January 25, 2013		January 27, 2012		January 25, 2013		January 27, 2012
Americas (United States, Canada and Latin America)	$	882.8	$	853.7	$	2,581.2	$	2,564.2
Europe, Middle East and Africa		528.6		525.5		1,405.6		1,411.1
Asia Pacific		218.7		186.3		629.1		555.4
Net revenues	$	1,630.1	$	1,565.5	$	4,615.9	$	4,530.7

Americas revenues consist of Americas commercial and U.S. public sector markets. Sales to customers inside the United States accounted for $778.9 million and $730.5 million of Americas net revenues during the three months ended January 25, 2013 and January 27, 2012, respectively, and $2,287.9 million and $2,190.2 million of Americas net revenues during the nine months ended January 25, 2013 and January 27, 2012, respectively. Sales to Germany accounted for $163.8 million and $181.9 million for the three months ended January 25, 2013 and January 27, 2012, respectively, and $451.6 million and $470.9 million for the nine months ended January 25, 2013 and January 27, 2012, respectively. No other foreign country accounted for 10% or more of our net revenues.

The majority of our assets, excluding cash, cash equivalents, restricted cash, short-term investments and accounts receivable, were attributable to our domestic operations. The following table presents cash, cash equivalents and short-term investments held in the United States and internationally in various foreign subsidiaries (in millions):

	January 25, 2013		April 27, 2012
United States	$	3,351.4	$	2,697.6
International		3,372.5		2,763.8
Total	$	6,723.9	$	5,461.4

With the exception of property and equipment, we do not identify or allocate our long-lived assets by geographic area. The following table presents property and equipment information for geographic areas based on the physical location of the assets (in millions):

	January 25, 2013		April 27, 2012
United States	$	1,093.7	$	1,038.9
International		95.5		98.3
Total	$	1,189.2	$	1,137.2

The following customers, each of which is a distributor, accounted for 10% or more of our net revenues:

	Three Months Ended						Nine Months Ended
	January 25, 2013			January 27, 2012			January 25, 2013			January 27, 2012
Arrow Electronics, Inc.		18	%		15	%		18	%		16	%
Avnet, Inc.		14	%		11	%		14	%		12	%

The following customer accounted for 10% or more of net accounts receivable:

	January 25, 2013		April 27, 2012
Avnet, Inc.		N/A		11	%

N/A - Not Applicable