VMW · Vmware LLC - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '24 | Q1 '24 | Q1 '23 | Q3 '23 | Q2 '23 | Q1 '22 | Q3 '22 | Q2 '22 | Q1 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.41B | $3.28B | $3.09B | $3.21B | $3.34B | $2.99B | $3.19B | $3.14B | $2.73B | $2.86B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | $835.00M | $847.00M | $774.00M | $832.00M | $803.00M | $708.00M | $768.00M | $775.00M | $665.00M | $714.00M |
| SG&A | $287.00M | $373.00M | $251.00M | $289.00M | $276.00M | $236.00M | $316.00M | $256.00M | $246.00M | $250.00M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | $331.00M | $288.00M | - | - | $269.00M | - | - | $244.00M | - |
| Operating Income | $547.00M | $309.00M | $408.00M | $390.00M | $566.00M | $559.00M | $519.00M | $525.00M | $418.00M | $428.00M |
| Interest Expense | $79.00M | $80.00M | $71.00M | $77.00M | $74.00M | $50.00M | $74.00M | $49.00M | $49.00M | $52.00M |
| Income Tax | $84.00M | $75.00M | $86.00M | $88.00M | $132.00M | $61.00M | $59.00M | $69.00M | ($18.00M) | $120.00M |
| Net Income | $477.00M | $224.00M | $242.00M | $231.00M | $347.00M | $425.00M | $398.00M | $411.00M | $386.00M | $434.00M |
| EPS - Basic | $1.11 | $0.52 | $0.58 | $0.55 | $0.82 | $1.01 | $0.95 | $0.98 | $0.92 | $1.03 |
| EPS - Diluted | $1.10 | $0.52 | $0.57 | $0.54 | $0.82 | $1.01 | $0.94 | $0.97 | $0.92 | $1.02 |
Balance Sheet
| Line item | Q2 '24 | Q1 '24 | Q1 '23 | Q3 '23 | Q2 '23 | Q1 '22 | Q3 '22 | Q2 '22 | Q1 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $6.80B | $6.55B | $5.10B | $3.97B | $3.24B | $3.61B | $12.50B | $5.86B | $4.69B | $3.90B |
| Accounts Receivable | $2.43B | $1.83B | $2.51B | $1.91B | $2.07B | $2.30B | $1.68B | $1.72B | $1.93B | $1.79B |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $217.00M | $225.00M | $267.00M | $297.00M | $208.00M | $234.00M | $229.00M | $220.00M | $131.00M | $190.00M |
| Current Assets | $11.02B | $9.60B | $10.23B | $7.32B | $7.22B | $7.97B | $15.45B | $9.17B | $8.61B | $6.83B |
| Total Assets | $32.20B | $30.57B | $31.24B | $28.13B | $27.99B | $28.68B | $35.71B | $29.46B | $29.02B | $27.32B |
| Current Liabilities | $12.73B | $11.67B | $12.39B | $10.40B | $9.48B | $9.65B | $9.81B | $8.28B | $8.39B | $7.63B |
| Long-term Debt | $9.45B | $9.45B | $9.44B | $9.69B | $11.18B | $12.67B | $9.17B | $4.72B | $4.72B | $4.71B |
| Total Liabilities | $29.65B | $28.71B | $29.70B | $27.32B | $27.85B | $29.55B | $25.48B | $19.84B | $19.96B | $18.85B |
| Stockholders' Equity | $2.55B | $1.87B | $1.53B | $806.00M | $140.00M | ($876.00M) | $10.22B | $9.62B | $9.05B | $8.48B |
| Retained Earnings | $1.14B | $663.00M | $439.00M | ($55.00M) | ($286.00M) | ($875.00M) | $8.30B | $7.90B | $7.07B | $6.28B |
Cash Flow
| Line item | Q2 '24 | Q1 '24 | Q1 '23 | Q3 '23 | Q2 '23 | Q1 '22 | Q3 '22 | Q2 '22 | Q1 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $1.75B | $1.00B | - | - | $1.27B | - | - | $1.37B | - |
| Investing Cash Flow | - | ($113.00M) | ($91.00M) | - | - | ($72.00M) | - | - | ($126.00M) | - |
| Financing Cash Flow | - | ($189.00M) | ($815.00M) | - | - | ($297.00M) | - | - | $1.79B | - |
| CapEx | - | $105.00M | $106.00M | - | - | $70.00M | - | - | $87.00M | - |
| Free Cash Flow | - | $1.65B | $899.00M | - | - | $1.20B | - | - | $1.29B | - |
Ratios
| Metric | Q2 '24 | Q1 '24 | Q1 '23 | Q3 '23 | Q2 '23 | Q1 '22 | Q3 '22 | Q2 '22 | Q1 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 16.1% | 9.4% | 13.2% | 12.1% | 17.0% | 18.7% | 16.3% | 16.7% | 15.3% | 14.9% |
| EBITDA margin | - | 19.5% | 22.5% | - | - | 27.7% | - | - | 24.2% | - |
| Net margin | 14.0% | 6.8% | 7.8% | 7.2% | 10.4% | 14.2% | 12.5% | 13.1% | 14.1% | 15.2% |
| Free cash flow margin | - | 50.2% | 29.1% | - | - | 39.9% | - | - | 47.1% | - |
| FCF / Net income | - | 7.34 | 3.71 | - | - | 2.81 | - | - | 3.33 | - |
| R&D / Revenue | 24.5% | 25.8% | 25.1% | 25.9% | 24.1% | 23.6% | 24.1% | 24.7% | 24.3% | 24.9% |
| SG&A / Revenue | 8.4% | 11.4% | 8.1% | 9.0% | 8.3% | 7.9% | 9.9% | 8.2% | 9.0% | 8.7% |
| Effective tax rate | 15.0% | 25.1% | 26.2% | 27.6% | 27.6% | 12.6% | 12.9% | 14.4% | -4.9% | 21.7% |
| Return on assets | 1.5% | 0.7% | 0.8% | 0.8% | 1.2% | 1.5% | 1.1% | 1.4% | 1.3% | 1.6% |
| Return on equity | 18.7% | 12.0% | 15.8% | 28.7% | 247.9% | -48.5% | 3.9% | 4.3% | 4.3% | 5.1% |
| Return on invested capital | 3.9% | 2.0% | 2.7% | 2.7% | 3.6% | 4.1% | 2.3% | 3.1% | 3.0% | 2.5% |
| Liquidity | ||||||||||
| Current ratio | 0.87 | 0.82 | 0.83 | 0.70 | 0.76 | 0.83 | 1.57 | 1.11 | 1.03 | 0.90 |
| Quick ratio | 0.87 | 0.82 | 0.83 | 0.70 | 0.76 | 0.83 | 1.57 | 1.11 | 1.03 | 0.90 |
| Cash ratio | 0.53 | 0.56 | 0.41 | 0.38 | 0.34 | 0.37 | 1.27 | 0.71 | 0.56 | 0.51 |
| Leverage | ||||||||||
| Debt / Equity | 3.71 | 5.06 | 6.15 | 12.02 | 79.86 | -14.46 | 0.90 | 0.49 | 0.52 | 0.56 |
| Debt / Assets | 0.29 | 0.31 | 0.30 | 0.34 | 0.40 | 0.44 | 0.26 | 0.16 | 0.16 | 0.17 |
| Debt / EBITDA | - | 14.76 | 13.56 | - | - | 15.30 | - | - | 7.13 | - |
| Interest coverage | 6.9x | 3.9x | 5.7x | 5.1x | 7.6x | 11.2x | 7.0x | 10.7x | 8.5x | 8.2x |
| Equity multiplier | 12.64 | 16.38 | 20.36 | 34.90 | 199.95 | -32.74 | 3.49 | 3.06 | 3.21 | 3.22 |
| Liabilities / Assets | 0.92 | 0.94 | 0.95 | 0.97 | 0.99 | 1.03 | 0.71 | 0.67 | 0.69 | 0.69 |
| Efficiency | ||||||||||
| Asset turnover | 0.11 | 0.11 | 0.10 | 0.11 | 0.12 | 0.10 | 0.09 | 0.11 | 0.09 | 0.10 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 260d | 204d | 297d | 217d | 227d | 280d | 192d | 200d | 258d | 228d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 2.2% | 6.1% | 3.1% | 0.7% | 6.3% | 9.5% | 11.3% | 9.1% | 20.7% | 16.6% |
| Revenue CAGR (3y) | 5.8% | 6.2% | 10.9% | 9.3% | 11.0% | 14.2% | 13.2% | 13.0% | 16.3% | 13.2% |
| Revenue CAGR (5y) | 9.4% | 10.3% | 12.2% | 10.2% | 11.9% | - | - | - | 11.5% | 10.0% |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -3.4% | -24.3% | -27.0% | -24.9% | 7.8% | 33.7% | 21.3% | -1.7% | 0.7% | -0.7% |
| Net income growth (YoY) | 37.5% | -7.4% | -43.1% | -42.0% | -15.6% | 10.1% | -8.3% | -8.1% | -23.6% | -30.1% |
| EPS growth (YoY) | 34.1% | -8.8% | -43.6% | -42.6% | -15.5% | 9.8% | -7.8% | -8.5% | -24.0% | -32.0% |
| EPS CAGR (3y) | 1.2% | -17.3% | -22.2% | -28.9% | -58.9% | -23.9% | 5.1% | -14.6% | 18.0% | -1.6% |
| EPS CAGR (5y) | -6.7% | -25.7% | 0.4% | -12.8% | 0.2% | - | - | - | 19.3% | 6.3% |
| FCF growth (YoY) | - | 83.0% | -24.8% | - | - | -7.1% | - | - | 7.1% | - |
| FCF CAGR (5y) | - | 9.7% | 4.4% | - | - | - | - | - | 13.6% | - |
| Book value growth (YoY) | 1719.3% | 21.7% | - | -92.1% | -98.5% | - | 20.6% | 21.7% | 29.1% | 45.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2022-01-28.
Product / service
$25.70B totalService$6.52B · 25.4%
License And Subscription And Saa SRevenue$6.33B · 24.6%
Services Software Maintenance$5.36B · 20.8%
Subscription And Saa SRevenue$3.21B · 12.5%
License$3.13B · 12.2%
Services Professional$1.16B · 4.5%
Geographic
$12.85B totalNon Us$6.62B · 51.5%
US$6.23B · 48.5%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing VMWARE LLC against the 5 most active filers in the same SIC group.