Brocade Communications Systems Inc (BRCD) financial statements (2020 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 equivalents 1,2571,4411,255987
Other undisclosed cash, cash equivalents, and short-term investments 00(0)0
Receivables 284236225250
Inventory, net of allowances, customer advances and progress billings 69413945
Inventory 69413945
Prepaid expense and other current assets43
Other current assets   139 
Other undisclosed current assets 62135098
Total current assets: 1,6731,8521,6581,423
Noncurrent Assets
Property, plant and equipment 455439445473
Long-term investments and receivables  318
Long-term investments  318
Intangible assets, net (including goodwill) 2,2951,6931,5941,686
Goodwill 2,2951,6171,5681,645
Intangible assets, net (excluding goodwill)  762740
Other noncurrent assets 545435 
Prepaid expense and other noncurrent assets38
Investments and other noncurrent assets1,6301,726
Deferred tax assets, net 13   
Other undisclosed noncurrent assets 450(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 liabilities 396331353326
Accounts payable 129989488
Accrued liabilities 113788580
Employee-related liabilities 154142169146
Taxes payable  7611
Interest and dividends payable  7  
Debt  023
Restructuring reserve  1 
Deferred revenue and credits 222245240227
Other liabilities   492469
Other undisclosed current liabilities 77(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 obligation 1,502796  
Liabilities, other than long-term debt, including: 198148143118
Deferred revenue and credits 90727276
Deferred tax liabilities, net  2427 
Liability for uncertainty in income taxes 102474039
Restructuring reserve  131
Other liabilities 5342
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 parent 2,5432,5342,4082,347
Common stock 0000
Additional paid in capital 1,5151,6331,7741,915
Accumulated other comprehensive loss (27)(25)(19)(13)
Retained earnings 1,055925652445
Stockholders' equity attributable to noncontrolling interest 3   
Total stockholders' equity: 2,5462,5342,4082,347
TOTAL LIABILITIES AND EQUITY: 4,9404,0383,7343,621

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

Revenues 2,3462,2632,2112,223
Revenue, net 2,3462,2632,2112,223
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, nonoperating 5261
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 parent 0  (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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