VMWARE, INC. VMW Cash Flow

Vmware, inc. (VMW)

CashFlow / Yearly

Jan'20	Feb'19	Feb'18	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Operating activities:
Net income
6,356	1,590	425	1,223	997	886	1,014	746	724	357	197	290
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
873	727	618	542	335	345	337	355	316	260	198	158
Stock-based compensation
1,017	800	712	636	504	529	454	426	335	291	231	166
Excess tax benefits from stock-based compensation
-	-	-	15	28	36	70	138	224	223	26	85
Deferred income taxes, net
-5,284	-110	303	-15	-31	-128	56	74	20	56	40	-38
Unrealized (gain) loss on equity securities, net
31	-14	0	0	-	-	-	-	-	-	-	-
Loss on disposition
0	-7	-95	0	0	-	-	-	-	-	-	-
(Gain) loss on disposition of assets, revaluation and impairment, net
4	-2	45	-30	-5	0	-	-	-	-	-	-
Non-cash realignment charges
-	-	-	-	-	-	15	0	0	-	-	-
Impairment of strategic investments
-	-	-	-	-	0	13	-	-	-	-	-
Gain on extinguishment of debt
0	0	6	0	0	-	-	-	-	-	-	-
Loss on Dell stock purchase
0	0	-2	8	0	0	-	-	-	-	-	-
Gain on disposition of certain lines of business and other, net
-	-	-	-	-	-	44	0	0	-	-	-
Gain on sales of strategic investments
-	-	-	-	-	-	0	0	56	0	0	-
Other
-9	-11	-5	2	1	7	-7	-2	-21	-13	-2	8
Changes in assets and liabilities, net of acquisitions:
Accounts receivable
119	214	76	216	114	267	71	268	263	77	193	52
Other current assets and other assets
668	347	455	475	-32	70	59	112	76	79	14	21
Due to/from related parties, net
-374	-480	-568	-54	-21	-46	60	6	-18	28	64	-40
Accounts payable
35	105	-22	-9	-35	69	30	24	-16	8	-17	3
Accrued expenses and other liabilities
417	290	354	223	1	135	1	22	115	120	124	22
Income taxes receivable from EMC
-	-	-	-	-	-	-17	-19	-269	-2	-107	111
Income taxes payable
-23	-40	660	-15	13	77	19	138	79	89	32	26
Unearned revenue
1,668	1,302	1,099	534	242	693	756	751	840	495	447	315
Net cash provided by operating activities
3,872	3,657	3,101	2,379	1,899	2,180	2,535	1,897	2,026	1,174	985	800
Investing activities:
Additions to property and equipment
279	254	276	153	333	352	345	234	230	131	103	191
Purchases of available-for-sale securities
0	780	4,269	3,725	3,323	3,937	3,181	3,189	2,668	2,101	0	-
Sales of available-for-sale securities
0	3,999	2,195	2,227	2,193	2,076	1,599	1,880	816	389	0	-
Purchase of leasehold interest (see Note H)
-	-	-	-	-	-	-	-	151	-	-	-
Capitalized software development costs
-	-	-	-	-	-	-	-	74	-64	68	-90
Maturities of available-for-sale securities
0	2,393	1,573	1,307	1,100	717	717	902	974	127	0	-
Purchases of strategic investments
30	8	37	49	14	52	8	51	-	-	-	1
Proceeds from disposition of assets
22	41	13	4	4	-	37	0	0	-	-	-
Proceeds from sales of strategic investments
-	-	-	-	-	11	0	0	79	2	0	-
Business combinations, net of cash acquired, and purchases of intangible assets
2,437	938	671	74	38	1,168	289	1,344	304	-	356	138
Net cash paid on disposition of a business
4	11	52	0	0	-	-	-	-	-	-	-
Decrease (increase) in restricted cash
-	-	-	-	-75	78	3	-	-	-	-	-0
Decrease (increase) in restricted cash
-	-	-	-	-	-	-	-1	-	-	-	-
Transfer of net assets under common control
-	-	-	-	-	-	-	-	22	185	0	-
Other investing
-	-	-	-	-	2	-1	0	31	4	34	-
Net cash provided by (used in) investing activities
-2,728	4,442	-1,524	-463	-336	-2,785	-1,472	-2,035	-1,611	-2,261	-562	-421
Financing activities:
Proceeds from the initial public offering of Pivotal, net of issuance costs paid
0	544	0	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock
308	259	131	109	126	164	197	253	338	431	227	190
Net proceeds from issuance of long-term debt
0	0	3,961	0	0	-	-	-	-	-	-	-
Borrowings under term loan, net of issuance costs
3,393	0	0	-	-	-	-	-	-	-	-	-
Borrowings under term loan, net of issuance costs
0	15	19	-	-	-	-	-	-	-	-	-
Repayments of Short-term Debt
1,900	0	0	-	-	-	-	-	-	-	-	-
Proceeds from issuance of notes payable to Dell
-	-	-	-	-	1,050	0	0	-	-	-	-
Repayments of Related Party Debt
0	0	1,225	0	0	-	-	-	-	-	-	-
Repayments of Lines of Credit
0	35	0	-	-	-	-	-	-	-	-	-
Reduction in capital from Dell
-	-	-	-	-	-24	0	0	-	-	-	-
Proceeds from non-controlling interests
-	-	-	-	-	7	0	0	-	-	-	-
Repurchase of common stock
1,334	42	1,449	1,575	1,125	700	508	467	526	338	0	-
Excess tax benefits from stock-based compensation
-	-	-	15	28	36	70	138	224	223	26	85
Shares repurchased for tax withholdings on vesting of restricted stock
534	357	351	164	174	162	126	133	124	86	31	-44
Payment for Special Dividend
0	11,000	0	0	-	-	-	-	-	-	-	-
Payment to acquire non-controlling interests
-1,666	0	0	-4	4	0	-	-	-	-	-	-
Contribution from Dell
27	44	43	-	-	-	-	-	-	-	-	-
Payment for common control transaction with Dell
0	8	0	0	-	-	-	-	-	-	-	-
Principal payments on finance lease obligations
1	0	0	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-1,707	-10,580	1,129	-1,619	-1,141	371	-367	-209	-88	230	222	231
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-2	1	-3	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash, cash equivalents and restricted cash
-565	-2,480	2,703	297	422	-234	696	-347	327	-857	645	609
Supplemental disclosures of cash flow information:
Issuance of VMware Class B common stock for Pivotal Class B common stock held by Dell
1,101	0	0	-	-	-	-	-	-	-	-	-
Cash paid for interest
134	129	21	29	28	27	6	7	6	6	10	20
Cash paid for taxes, net
369	399	178	467	231	215	35	56	-269	23	-74	74
Non-cash items:
Changes in capital additions, accrued but not paid
18	9	10	-7	-49	19	-16	37	12	-1	-11	19
Changes in tax withholdings on vesting of restricted stock, accrued but not paid
-13	17	-4	3	-	7	0	2	-	0	0	-
Fair value of stock-based awards assumed in acquisitions
-	-	-	-	-	24	0	17	-	0	16	2
Capitalization of facilities under financing lease transaction
-	-	-	-	-	-	-	-	-	-	-	19