Brocade Communications Systems Inc (BRCD) financial statements (2022 and earlier)

Company profile

Business Address 130 HOLGER WAY
SAN JOSE, CA 95134-1376
State of Incorp. DE
Fiscal Year End October 31
SIC 3576 - Computer Communications Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

Current Assets
Cash, cash equivalents, and short-term investments, including:1,2571,4411,255987
Cash and cash equivalents1,2571,4411,255987
Other undisclosed cash, cash equivalents, and short-term investments00(0)0
Inventory, net of allowances, customer advances and progress billings69413945
Prepaid expense and other current assets43
Other current assets  139 
Other undisclosed current assets62135098
Total current assets:1,6731,8521,6581,423
Noncurrent Assets
Property, plant and equipment455439445473
Long-term investments and receivables 318
Long-term investments 318
Intangible assets, net (including goodwill)2,2951,6931,5941,686
Intangible assets, net (excluding goodwill) 762740
Other noncurrent assets545435 
Prepaid expense and other noncurrent assets38
Investments and other noncurrent assets1,6301,726
Deferred tax assets, net13   
Other undisclosed noncurrent assets450(3)(1,631)(1,732)
Total noncurrent assets:3,2672,1862,0762,199
TOTAL ASSETS:4,9404,0383,7343,621
Current Liabilities
Accounts payable and accrued liabilities396331353326
Accounts payable129989488
Accrued liabilities113788580
Employee-related liabilities154142169146
Taxes payable 7611
Interest and dividends payable 7  
Debt 023
Restructuring reserve 1 
Deferred revenue and credits222245240227
Other liabilities  492469
Other undisclosed current liabilities77(15)(499)(464)
Total current liabilities:695562587561
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,502796595596
Long-term debt, excluding current maturities  595596
Other undisclosed long-term debt and lease obligation1,502796  
Liabilities, other than long-term debt, including:198148143118
Deferred revenue and credits90727276
Deferred tax liabilities, net 2427 
Liability for uncertainty in income taxes102474039
Restructuring reserve 131
Other liabilities5342
Other undisclosed liabilities, other than long-term debt  (3) 
Other undisclosed noncurrent liabilities (1)  
Total noncurrent liabilities:1,700942738714
Total liabilities:2,3941,5051,3261,275
Stockholders' equity
Stockholders' equity attributable to parent2,5432,5342,4082,347
Common stock0000
Additional paid in capital1,5151,6331,7741,915
Accumulated other comprehensive loss(27)(25)(19)(13)
Retained earnings1,055925652445
Stockholders' equity attributable to noncontrolling interest3   
Total stockholders' equity:2,5462,5342,4082,347

Income statement (P&L) ($ in millions)

Revenue, net2,3462,2632,2112,223
Cost of revenue(829)(735)(745)(814)
Cost of goods and services sold(829)(735)(745)(814)
Other cost of operating revenue  (745)(814)
Gross profit:1,5161,5281,4661,409
Operating expenses(1,209)(1,035)(1,080)(1,100)
Operating income:307493386308
Nonoperating income (expense)42(32)22
Investment income, nonoperating5261
Foreign currency transaction loss, before tax (0)  
Other nonoperating income (expense)(1)0476
Interest and debt expense(49)(56)(37)(61)
Other undisclosed income from continuing operations before equity method investments, income taxes 03761
Income from continuing operations before income taxes:262439354330
Income tax expense(48)(99)(116)(122)
Net income:214340238209
Net loss attributable to noncontrolling interest(0)   
Net income available to common stockholders, diluted:214340238209

Comprehensive Income ($ in millions)

Net income:214340238209
Other comprehensive loss(2)(6)(5) 
Comprehensive income:212334233209
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0  (4)
Comprehensive income, net of tax, attributable to parent:211334233205

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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