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Segment, Geographic, and Significant Customer Information
9 Months Ended
Jan. 25, 2019
Segment Reporting [Abstract]  
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 storage and data management 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 our 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 reporting because management does not review operations or operating results, or make planning decisions, below the consolidated entity level.

Summarized revenues by geographic region based on information 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,

2019

 

 

January 26,

2018

 

 

January 25,

2019

 

 

January 26,

2018

 

United States, Canada and Latin America (Americas)

 

$

814

 

 

$

809

 

 

$

2,525

 

 

$

2,322

 

Europe, Middle East and Africa (EMEA)

 

 

523

 

 

 

509

 

 

 

1,382

 

 

 

1,336

 

Asia Pacific (APAC)

 

 

226

 

 

 

221

 

 

 

647

 

 

 

617

 

Net revenues

 

$

1,563

 

 

$

1,539

 

 

$

4,554

 

 

$

4,275

 

Americas revenues consist of sales to Americas commercial and U.S. public sector markets. Sales to customers inside the U.S. were $744 million and $731 million during the three months ended January 25, 2019 and January 26, 2018, respectively, and were $2,294 million and 2,092 million during the nine months ended January 25, 2019 and January 26, 2018, respectively.

The majority of our assets, excluding cash, cash equivalents, 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 U.S. and internationally in various foreign subsidiaries (in millions):

 

 

 

January 25,

2019

 

 

April 27,

2018

 

U.S.

 

$

254

 

 

$

853

 

International

 

 

3,795

 

 

 

4,538

 

Total

 

$

4,049

 

 

$

5,391

 

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,

2019

 

 

April 27,

2018

 

U.S.

 

$

578

 

 

$

566

 

International

 

 

185

 

 

 

190

 

Total

 

$

763

 

 

$

756

 

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,

2019

 

 

January 26,

2018

 

 

January 25,

2019

 

 

January 26,

2018

 

Arrow Electronics, Inc.

 

 

25

%

 

 

22

%

 

 

24

%

 

 

22

%

Tech Data Corporation

 

 

20

%

 

 

19

%

 

 

19

%

 

 

20

%

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

 

 

 

January 25,

2019

 

 

April 27,

2018

 

Arrow Electronics, Inc.

 

 

11

%

 

 

17

%

Tech Data Corporation

 

 

16

%

 

 

17

%