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Vmware, Inc. (VMW) SEC Filing 10-K Annual report for the fiscal year ending Friday, January 31, 2020

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Vmware, Inc.

HISTORY TOOLS
CIK: 1124610 Ticker: VMW
Exhibit 99.1
VMware Reports Fourth Quarter and Fiscal Year 2020 Results

Delivers annual revenue of $10.81 billion; growth of 12% year-over-year
Subscription and SaaS increased 52% year-over-year, representing 18% of total revenue in Q4

PALO ALTO, Calif.,  February 27, 2020—VMware, Inc. (NYSE: VMW), a leading innovator in enterprise software, today announced financial results for the fourth quarter and full fiscal year 2020:
Quarterly Review
•
Revenue for the fourth quarter was $3.07 billion, an increase of 11% from the fourth quarter of fiscal 2019.
•
The combination of subscription and SaaS and license revenue was $1.59 billion, an increase of 14% from the fourth quarter of fiscal 2019.
•
Subscription and SaaS revenue for the fourth quarter was $556 million, an increase of 52% year-over-year.
•
GAAP net income for the fourth quarter was $321 million, or $0.76 per diluted share, compared to $496 million, or $1.17 per diluted share, for the fourth quarter of fiscal 2019. Non-GAAP net income for the fourth quarter was $868 million, or $2.05 per diluted share, up 9% per diluted share compared to $795 million, or $1.87 per diluted share, for the fourth quarter of fiscal 2019.
•
GAAP operating income for the fourth quarter was $250 million, a decrease of 58% from the fourth quarter of fiscal 2019. Non-GAAP operating income for the fourth quarter was $1.05 billion, an increase of 12% from the fourth quarter of fiscal 2019.
•
Operating cash flow for the fourth quarter was $1.09 billion. Free cash flow for the fourth quarter was $1.02 billion.
•
Total revenue plus sequential change in total unearned revenue grew 11% year-over-year.
•
The combination of subscription and SaaS and license revenue plus sequential change in unearned subscription and SaaS and license revenue grew 17% year-over-year.
Annual Review
•
Revenue for fiscal year 2020 was $10.81 billion, an increase of 12% from fiscal 2019.
•
The combination of subscription and SaaS and license revenue for fiscal 2020 was $5.06 billion, an increase of 16% from fiscal year 2019.
•
Subscription and SaaS revenue for fiscal year 2020 was $1.88 billion, an increase of 44% from fiscal year 2019.
•
GAAP net income for fiscal year 2020 was $6.41 billion, or $15.08 per diluted share, compared to $1.65 billion, or $3.92 per diluted share, for fiscal 2019. Non-GAAP net income for fiscal year 2020 was $2.66 billion, or $6.24 per diluted share, up 4% per diluted share compared to $2.52 billion, or $5.98 per diluted share, for fiscal 2019.
•
GAAP operating income for fiscal year 2020 was $1.44 billion, a decrease of 20% from fiscal 2019. Non-GAAP operating income for fiscal year 2020 was $3.26 billion, an increase of 11% from fiscal 2019.
•
Operating cash flow for fiscal year 2020 was $3.87 billion. Free cash flow for fiscal year 2020 was $3.59 billion


The following information was filed by Vmware, Inc. (VMW) on Thursday, February 27, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Vmware, Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Cover Page
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts (Details)
Condensed Consolidated Balance Sheets (Parentheticals)
Consolidated Balance Sheets
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (Parentheticals)
Consolidated Statements Of Income
Consolidated Statements Of Stockholders??? Equity
Accrued Expenses And Other
Accrued Expenses And Other (Components Of Accrued Expenses) (Details)
Accrued Expenses And Other (Narrative) (Details)
Accrued Expenses And Other (Tables)
Business Combinations, Definite-Lived Intangible Assets, Net And Goodwill
Business Combinations, Definite-Lived Intangible Assets, Net And Goodwill (Amortization Of Intangible Assets) (Details)
Business Combinations, Definite-Lived Intangible Assets, Net And Goodwill (Assets Acquired And Liabilities Assumed) (Details)
Business Combinations, Definite-Lived Intangible Assets, Net And Goodwill (Business Combination) (Details)
Business Combinations, Definite-Lived Intangible Assets, Net And Goodwill (Changes In Carrying Amount Of Goodwill) (Details)
Business Combinations, Definite-Lived Intangible Assets, Net And Goodwill (Intangible Assets Detail) (Details)
Business Combinations, Definite-Lived Intangible Assets, Net And Goodwill (Roll-Forward Of Intangible Assets) (Details)
Business Combinations, Definite-Lived Intangible Assets, Net And Goodwill (Tables)
Cash And Cash Equivalents
Cash And Cash Equivalents (Cash And Cash Equivalents) (Details)
Cash And Cash Equivalents (Restricted Cash) (Details)
Cash And Cash Equivalents (Tables)
Commitments And Contingencies
Commitments And Contingencies (Narrative) (Details)
Commitments And Contingencies (Tables)
Commitments And Contingencies Commitments And Contingencies (Operating Leases And Other Contractual Commitments) (Details)
Coronavirus (Covid-19) Impact
Debt
Debt (Carrying Value Of Senior Notes) (Details)
Debt (Narrative) (Details)
Debt (Tables)
Derivatives And Hedging Activities
Derivatives And Hedging Activities (Narrative) (Details)
Fair Value Measurements
Fair Value Measurements (Fair Value Hierarchy) (Details)
Fair Value Measurements (Narrative) (Details)
Fair Value Measurements (Tables)
Income Taxes
Income Taxes (Tables)
Income Taxes Income Taxes (Deferred Tax Assets And Liabilities) (Details)
Income Taxes Income Taxes (Effective Income Tax Rate Reconciliation) (Details)
Income Taxes Income Taxes (Income (Loss) Before Income Taxes) (Details)
Income Taxes Income Taxes (Narrative) (Details)
Income Taxes Income Taxes (Tax Expense (Benefit) By Jurisdiction) (Details)
Income Taxes Income Taxes (Tax Sharing Agreement) (Details)
Income Taxes Income Taxes (Unrecognized Tax Benefits) (Details)
Leases
Leases (Lease Assets And Liabilities) (Details)
Leases (Lease Cash Flow) (Details)
Leases (Lease Cost) (Details)
Leases (Lease Liability Maturity) (Details)
Leases (Lease Term And Discount Rate) (Details)
Leases (Narrative) (Details)
Leases (Tables)
Net Income Per Share
Net Income Per Share (Anti-Dilutive Shares Excluded From Net Income) (Details)
Net Income Per Share (Computations Of Basic And Diluted Net Income Per Share) (Details)
Net Income Per Share (Tables)
Overview And Basis Of Presentation
Overview And Basis Of Presentation (Advertising) (Details)
Overview And Basis Of Presentation (Basis Of Presentation And Principles Of Consolidation) (Details)
Overview And Basis Of Presentation (Concentrations Of Risks) (Details)
Overview And Basis Of Presentation (Employee Benefit Plans) (Details)
Overview And Basis Of Presentation (Foreign Currency Remeasurement) (Details)
Overview And Basis Of Presentation (Leases) (Details)
Overview And Basis Of Presentation (Policies)
Overview And Basis Of Presentation (Property And Equipment, Net) (Details)
Overview And Basis Of Presentation (Purchased Intangible Assets And Goodwill) (Details)
Overview And Basis Of Presentation (Schedule Of Prior Period Reclassifications For Revenue) (Details)
Overview And Basis Of Presentation (Tables)
Pivotal Acquisition
Pivotal Acquisition (Details)
Pivotal Acquisition (Effect Of Pivotal Acquisition On Consolidated Statements Of Income) (Details)
Pivotal Acquisition (Tables)
Property And Equipment, Net
Property And Equipment, Net (Components Of Property And Equipment) (Details)
Property And Equipment, Net (Narrative) (Details)
Property And Equipment, Net (Tables)
Realignment And Loss On Disposition
Realignment And Loss On Disposition (Disposition Of Vmware Vcloud Air Business) (Details)
Realignment And Loss On Disposition (Realignment) (Details)
Realignment And Loss On Disposition (Schedule Of Restructuring Reserve) (Details)
Realignment And Loss On Disposition (Tables)
Related Parties
Related Parties (Dell Financial Services) (Details)
Related Parties (Due To/From Related Parties, Net) (Details)
Related Parties (Note Payable To Dell) (Details)
Related Parties (Other Related Party Transactions) (Details)
Related Parties (Schedule Of Related Party Transactions) (Details)
Related Parties (Special Dividend) (Details)
Related Parties (Tables)
Revenue, Unearned Revenue And Remaining Performance Obligations
Revenue, Unearned Revenue And Remaining Performance Obligations (Narrative) (Details)
Revenue, Unearned Revenue And Remaining Performance Obligations (Remaining Performance Obligations) (Details)
Revenue, Unearned Revenue And Remaining Performance Obligations (Summary Of Unearned Revenue) (Details)
Revenue, Unearned Revenue And Remaining Performance Obligations (Tables)
Segment Information
Segment Information (Schedule Of Long-Lived Assets By Geographic Area) (Details)
Segment Information (Schedule Of Revenue By Geographic Area) (Details)
Segment Information (Schedule Of Revenue By Type) (Details)
Segment Information (Tables)
Selected Quarterly Financial Data (Unaudited)
Selected Quarterly Financial Data (Unaudited) (Details)
Selected Quarterly Financial Data (Unaudited) (Tables)
Stockholders' Equity
Stockholders' Equity (Accumulated Other Comprehensive Income (Loss)) (Details)
Stockholders' Equity (Employee Stock Purchase Plan) (Details)
Stockholders' Equity (Equity Plans) (Details)
Stockholders' Equity (Net Excess Tax Benefits) (Details)
Stockholders' Equity (Share-Based Compensation Valuation Method) (Details)
Stockholders' Equity (Share-Based Compensation) (Details)
Stockholders' Equity (Shares Repurchased For Tax Withholdings) (Details)
Stockholders' Equity (Special Dividend) (Details)
Stockholders' Equity (Stock Repurchase Program) (Details)
Stockholders' Equity (Summary Of Restricted Stock Activity) (Details)
Stockholders' Equity (Summary Of Stock Option Activity) (Details)
Stockholders' Equity (Tables)
Ticker: VMW
CIK: 1124610
Form Type: 10-K Annual Report
Accession Number: 0001124610-20-000019
Submitted to the SEC: Thu Mar 26 2020 4:28:46 PM EST
Accepted by the SEC: Thu Mar 26 2020
Period: Friday, January 31, 2020
Industry: Prepackaged Software

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