VMware, Inc. (VMW) — Financial statements
Income statement, balance sheet, and cash flow for VMware, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 13,350↑3.9% | 12,851↑9.2% | 11,767↑8.8% | 10,811↑20.5% | 8,974 | |
| Cost of Revenue | 2,482↑9.3% | 2,271↑11.2% | 2,043↑13.6% | 1,799↑43.0% | 1,258 | |
| Gross Profit | 10,868↑2.7% | 10,580↑8.8% | 9,724↑7.9% | 9,012↑16.8% | 7,716 | |
| Operating Expenses | ||||||
| R&D Expenses | 3,317↑8.5% | 3,057↑8.6% | 2,816↑11.7% | 2,522↑27.7% | 1,975 | |
| General & Administrative Expenses | 1,130↑5.8% | 1,068↑39.2% | 767↓40.7% | 1,293↑69.2% | 764 | |
| Selling & Marketing Expenses | 4,391↑8.0% | 4,067↑9.6% | 3,711↑0.9% | 3,677↑26.0% | 2,918 | |
| SG&A Expenses | 5,521↑7.5% | 5,135↑14.7% | 4,478↓9.9% | 4,970↑35.0% | 3,682 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 8,838↑7.9% | 8,192↑12.3% | 7,294↓2.6% | 7,492↑32.4% | 5,657 | |
| Total Costs & Expenses | 11,320↑8.2% | 10,463↑12.1% | 9,337↑0.5% | 9,291↑34.4% | 6,915 | |
| Operating Results | ||||||
| Operating Income | 2,022↓15.3% | 2,387↓0.0% | 2,388↑65.7% | 1,441↓29.7% | 2,050 | |
| Depreciation & Amortization | 592↓0.2% | 593↑0.9% | 588↑13.3% | 519↑24.8% | 416 | |
| EBITDA | 2,709↓7.5% | 2,930↑5.4% | 2,781↑22.2% | 2,276↑2.2% | 2,228 | |
| EBIT | 2,117↓9.4% | 2,337↑6.6% | 2,193↑24.8% | 1,757↓3.0% | 1,812 | |
| Interest & Other Income | ||||||
| Net Interest Income | -65↓3150.0% | -2↑71.4% | -7↑88.3% | -60↑55.2% | -134 | |
| Interest Income | 239↓4.4% | 250↑26.9% | 197↑121.3% | 89 | 0.00 | |
| Interest Expense | 304↑20.6% | 252↑23.5% | 204↑36.9% | 149↑11.2% | 134 | |
| Non-Operating Income | 0.00↓100.0% | 50 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | -230↑23.8% | -302↓4933.3% | -6↓100.0% | -3↓100.4% | 833 | |
| Income Before Tax | 1,792↓14.1% | 2,085↓12.5% | 2,382↑65.6% | 1,438↓50.1% | 2,883 | |
| Income Tax Expense | 478↑80.4% | 265↓18.2% | 324↑106.6% | -4,918↓1166.8% | 461 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,314↓27.8% | 1,820↓11.6% | 2,058↓67.9% | 6,412↑164.7% | 2,422 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,314↓27.8% | 1,820↓11.6% | 2,058↓67.9% | 6,412↑164.7% | 2,422 | |
| Bottom-Line Net Income | 1,314↓27.8% | 1,820↓11.6% | 2,058↓67.9% | 6,412↑164.7% | 2,422 | |
| EPS (Basic) | 3.11↓28.3% | 4.34↓11.4% | 4.90↓68.1% | 15.37↑167.3% | 5.75 | |
| EPS (Diluted) | 3.09↓28.3% | 4.31↓11.3% | 4.86↓67.8% | 15.08↑162.3% | 5.75 | |
| Weighted Average Shares | 423↑0.9% | 420↓0.1% | 420↑0.7% | 417↑0.8% | 414 | |
| Weighted Average Diluted Shares | 426↑0.8% | 422↓0.2% | 423↓0.5% | 425↑1.0% | 421 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.