XML 54 R36.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information (Tables)
9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Segment Information
Our segment information for the three and nine months ended September 30, 2014 and 2013 is as follows (tables in millions, except percentages):
 
EMC Information Infrastructure
 
 
 
 
 
 
 
Information
Storage
 
Information
Intelligence
Group
 
RSA
Information
Security
 
EMC
Information
Infrastructure
 
Pivotal
 
EMC Information Infrastructure plus Pivotal
Three Months Ended:
 
 
 
 
 
 
 
 
 
 
 
September 30, 2014
 
 
 
 
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
 
 
 
 
Product revenues
$
2,595

 
$
36

 
$
114

 
$
2,745

 
$
17

 
$
2,762

Services revenues
1,456

 
118

 
147

 
1,721

 
41

 
1,762

Total consolidated revenues
4,051

 
154

 
261

 
4,466

 
58

 
4,524

 
 
 
 
 
 
 
 
 
 
 
 
Gross profit
$
2,238

 
$
100

 
$
173

 
$
2,511

 
$
27

 
$
2,538

Gross profit percentage
55.2
%
 
65.2
%
 
66.3
%
 
56.2
%
 
46.9
%
 
56.1
%
 
 
 
 
 
 
 
 
 
 
 
 
Research and development
 
 
 
 
 
 
372

 
33

 
405

Selling, general and administrative
 
 
 
 
 
 
1,146

 
46

 
1,192

Restructuring and acquisition-related charges
 
 
 
 
 
 

 

 

Total costs and expenses
 
 
 
 
 
 
1,518

 
79

 
1,597

Operating income (expense)
 
 
 
 
 
 
$
993

 
$
(52
)
 
$
941

 
EMC
Information
Infrastructure plus Pivotal
 
VMware
Virtual
Infrastructure
within EMC
 
Corp
Reconciling
Items
 
Consolidated
Three Months Ended
 
 
 
 
 
 
 
September 30, 2014
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
Product revenues
$
2,762

 
$
638

 
$

 
$
3,400

Services revenues
1,762

 
870

 

 
2,632

Total consolidated revenues
4,524

 
1,508

 

 
6,032

 
 
 
 
 
 
 

Gross profit
$
2,538

 
$
1,304

 
$
(99
)
 
$
3,743

Gross profit percentage
56.1
%
 
86.5
%
 
%
 
62.0
%
 
 
 
 
 
 
 
 
Research and development
405

 
263

 
99

 
767

Selling, general and administrative
1,192

 
586

 
212

 
1,990

Restructuring and acquisition-related charges

 

 
39

 
39

Total costs and expenses
1,597

 
849

 
350

 
2,796

 
 
 
 
 
 
 
 
Operating income (expense)
941

 
455

 
(449
)
 
947

 
 
 
 
 
 
 
 
Non-operating income (expense), net
(120
)
 
6

 

 
(114
)
Income tax provision (benefit)
207

 
99

 
(100
)
 
206

Net income
614

 
362

 
(349
)
 
627

Net income attributable to the non-controlling interest in VMware, Inc.

 
(73
)
 
33

 
(40
)
Net income attributable to EMC Corporation
$
614

 
$
289

 
$
(316
)
 
$
587

 
EMC Information Infrastructure
 
 
 
 
 
 
 
Information
Storage
 
Information
Intelligence
Group
 
RSA
Information
Security
 
EMC
Information
Infrastructure
 
Pivotal
 
EMC Information Infrastructure plus Pivotal
Three Months Ended:
 
 
 
 
 
 
 
 
 
 
 
September 30, 2013
 
 
 
 
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
 
 
 
 
Product revenues
$
2,430

 
$
32

 
$
120

 
$
2,582

 
$
20

 
$
2,602

Services revenues
1,376

 
117

 
132

 
1,625

 
27

 
1,652

Total consolidated revenues
3,806

 
149

 
252

 
4,207

 
47

 
4,254

 
 
 
 
 
 
 
 
 

 
 
Gross profit
$
2,106

 
$
94

 
$
170

 
$
2,370

 
$
29

 
$
2,399

Gross profit percentage
55.3
%
 
63.3
%
 
67.6
%
 
56.3
%
 
61.0
%
 
56.4
%
 
 
 
 
 
 
 
 
 
 
 
 
Research and development
 
 
 
 
 
 
356

 
30

 
386

Selling, general and administrative
 
 
 
 
 
 
1,115

 
42

 
1,157

Restructuring and acquisition-related charges
 
 
 
 
 
 

 

 

Total costs and expenses
 
 
 
 
 
 
1,471

 
72

 
1,543

Operating income (expense)
 
 
 
 
 
 
$
899

 
$
(43
)
 
$
856

 
 
EMC
Information
Infrastructure plus Pivotal
 
VMware
Virtual
Infrastructure
within EMC
 
Corp
Reconciling
Items
 
Consolidated
Three Months Ended
 
 
 
 
 
 
 
September 30, 2013
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
Product revenues
$
2,602

 
$
563

 
$

 
$
3,165

Services revenues
1,652

 
722

 

 
2,374

Total consolidated revenues
4,254

 
1,285

 

 
5,539

 
 
 
 
 
 
 
 
Gross profit
$
2,399

 
$
1,141

 
$
(98
)
 
$
3,442

Gross profit percentage
56.4
%
 
88.8
%
 
%
 
62.1
%
 
 
 
 
 
 
 
 
Research and development
386

 
208

 
92

 
686

Selling, general and administrative
1,157

 
493

 
159

 
1,809

Restructuring and acquisition-related charges

 

 
40

 
40

Total costs and expenses
1,543

 
701

 
291

 
2,535

 
 
 
 
 
 
 
 
Operating income (expense)
856

 
440

 
(389
)
 
907

 
 
 
 
 
 
 
 
Non-operating income (expense), net
(106
)
 
7

 
12

 
(87
)
Income tax provision (benefit)
193

 
70

 
(82
)
 
181

Net income
557

 
377

 
(295
)
 
639

Net income attributable to the non-controlling interest in VMware, Inc.

 
(74
)
 
21

 
(53
)
Net income attributable to EMC Corporation
$
557

 
$
303

 
$
(274
)
 
$
586

 
EMC Information Infrastructure
 
 
 
 
 
 
 
Information
Storage
 
Information
Intelligence
Group
 
RSA
Information
Security
 
EMC
Information
Infrastructure
 
Pivotal
 
EMC Information Infrastructure plus Pivotal
Nine Months Ended:
 
 
 
 
 
 
 
 
 
 
 
September 30, 2014
 
 
 
 
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
 
 
 
 
Product revenues
$
7,447

 
$
108

 
$
323

 
$
7,878

 
$
43

 
$
7,921

Services revenues
4,260

 
358

 
425

 
5,043

 
118

 
5,161

Total consolidated revenues
11,707

 
466

 
748

 
12,921

 
161

 
13,082

 
 
 
 
 
 
 
 
 
 
 
 
Gross profit
$
6,405

 
$
300

 
$
497

 
$
7,202

 
$
71

 
$
7,273

Gross profit percentage
54.7
%
 
64.4
%
 
66.4
%
 
55.7
%
 
44.3
%
 
55.6
%
 
 
 
 
 
 
 
 
 
 
 
 
Research and development
 
 
 
 
 
 
1,106

 
98

 
1,204

Selling, general and administrative
 
 
 
 
 
 
3,388

 
133

 
3,521

Restructuring and acquisition-related charges
 
 
 
 
 
 

 

 

Total costs and expenses
 
 
 
 
 
 
4,494

 
231

 
4,725

Operating income (expense)
 
 
 
 
 
 
$
2,708

 
$
(160
)
 
$
2,548


 
EMC
Information
Infrastructure plus Pivotal
 
VMware
Virtual
Infrastructure
within EMC
 
Corp
Reconciling
Items
 
Consolidated
Nine Months Ended:
 
 
 
 
 
 
 
September 30, 2014
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
Product revenues
$
7,921

 
$
1,807

 
$

 
$
9,728

Services revenues
5,161

 
2,502

 

 
7,663

Total consolidated revenues
13,082

 
4,309

 

 
17,391

 
 
 
 
 
 
 
 
Gross profit
$
7,273

 
$
3,761

 
$
(290
)
 
$
10,744

Gross profit percentage
55.6
%
 
87.3
%
 
%
 
61.8
%
 
 
 
 
 
 
 
 
Research and development
1,204

 
737

 
298

 
2,239

Selling, general and administrative
3,521

 
1,725

 
606

 
5,852

Restructuring and acquisition-related charges

 

 
187

 
187

Total costs and expenses
4,725

 
2,462

 
1,091

 
8,278

 
 
 
 
 
 
 
 
Operating income (expense)
2,548

 
1,299

 
(1,381
)
 
2,466

 
 
 
 
 
 
 
 
Non-operating income (expense), net
(285
)
 
21

 
11

 
(253
)
Income tax provision (benefit)
584

 
274

 
(326
)
 
532

Net income
1,679

 
1,046

 
(1,044
)
 
1,681

Net income attributable to the non-controlling interest in VMware, Inc.

 
(211
)
 
98

 
(113
)
Net income attributable to EMC Corporation
$
1,679

 
$
835

 
$
(946
)
 
$
1,568

 
EMC Information Infrastructure
 
 
 
 
 
 
 
Information
Storage
 
Information
Intelligence
Group
 
RSA
Information
Security
 
EMC
Information
Infrastructure
 
Pivotal
 
EMC Information Infrastructure plus Pivotal
Nine Months Ended:
 
 
 
 
 
 
 
 
 
 
 
September 30, 2013
 
 
 
 
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
 
 
 
 
Product revenues
$
7,478

 
$
115

 
$
317

 
$
7,910

 
$
48

 
$
7,958

Services revenues
4,079

 
343

 
395

 
4,817

 
76

 
4,893

Total consolidated revenues
11,557

 
458

 
712

 
12,727

 
124

 
12,851

 
 
 
 
 
 
 
 
 
 
 
 
Gross profit
$
6,429

 
$
290

 
$
471

 
$
7,190

 
$
65

 
$
7,255

Gross profit percentage
55.6
%
 
63.3
%
 
66.1
%
 
56.5
%
 
52.9
%
 
56.5
%
 
 
 
 
 
 
 
 
 
 
 
 
Research and development
 
 
 
 
 
 
1,099

 
82

 
1,181

Selling, general and administrative
 
 
 
 
 
 
3,309

 
115

 
3,424

Restructuring and acquisition-related charges
 
 
 
 
 
 

 

 

Total costs and expenses
 
 
 
 
 
 
4,408

 
197

 
4,605

Operating income (expense)
 
 
 
 
 
 
$
2,782

 
$
(132
)
 
$
2,650


 
EMC
Information
Infrastructure plus Pivotal
 
VMware
Virtual
Infrastructure
within EMC
 
Corp
Reconciling
Items
 
Consolidated
Nine Months Ended:
 
 
 
 
 
 
 
September 30, 2013
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
Product revenues
$
7,958

 
$
1,577

 
$

 
$
9,535

Services revenues
4,893

 
2,112

 

 
7,005

Total consolidated revenues
12,851

 
3,689

 

 
16,540

 
 
 
 
 
 
 
 
Gross profit
$
7,255

 
$
3,292

 
$
(298
)
 
$
10,249

Gross profit percentage
56.5
%
 
89.2
%
 
%
 
62.0
%
 
 
 
 
 
 
 
 
Research and development
1,181

 
606

 
269

 
2,056

Selling, general and administrative
3,424

 
1,432

 
452

 
5,308

Restructuring and acquisition-related charges

 

 
195

 
195

Total costs and expenses
4,605

 
2,038

 
916

 
7,559

 
 
 
 
 
 
 
 
Operating income (expense)
2,650

 
1,254

 
(1,214
)
 
2,690

 
 
 
 
 
 
 
 
Non-operating income (expense), net
(258
)
 
14

 
31

 
(213
)
Income tax provision (benefit)
594

 
247

 
(367
)
 
474

Net income
1,798

 
1,021

 
(816
)
 
2,003

Net income attributable to the non-controlling interest in VMware, Inc.

 
(202
)
 
66

 
(136
)
Net income attributable to EMC Corporation
$
1,798

 
$
819

 
$
(750
)
 
$
1,867



Revenues By Geographic Area
Our revenues are attributed to the geographic areas according to the location of the customers. Revenues by geographic area are included in the following table (table in millions):
 
For the Three Months Ended
 
For the Nine Months Ended
 
September 30,
2014
 
September 30,
2013
 
September 30,
2014
 
September 30,
2013
United States
$
3,212

 
$
2,956

 
$
9,102

 
$
8,752

Europe, Middle East and Africa
1,672

 
1,455

 
4,933

 
4,418

Asia Pacific and Japan
821

 
789

 
2,346

 
2,361

Latin America, Mexico and Canada
327

 
339

 
1,010

 
1,009

Total
$
6,032

 
$
5,539

 
$
17,391

 
$
16,540