Emc Corp (EMC) financial statements (2020 and earlier)

Company profile

Business Address 176 SOUTH STREET
HOPKINTON, MA 01748-9103
State of Incorp. MA
Fiscal Year End December 31
SIC 3572 - Computer Storage Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

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

6/30/2016
TTM
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including: 14,78314,65517,58811,396
Cash and cash equivalents 6,5496,3437,8914,754
Short-term investments 2,7261,9782,7731,413
Other undisclosed cash, cash equivalents, and short-term investments 5,5086,3346,9245,229
Receivables 3,9774,4133,8613,433
Inventory, net of allowances, customer advances and progress billings 1,2451,2761,3341,201
Inventory 1,2451,2761,3341,201
Prepaid expense and other current assets465
Other current assets 566653507
Other undisclosed current assets (5,508)(5,264)(6,012)(4,287)
Total current assets: 15,06315,73317,27812,209
Noncurrent Assets
Property, plant and equipment 3,8503,7663,4783,145
Long-term investments and receivables 5,5066,3326,9215,225
Long-term investments 5,5086,3346,9245,229
Accounts and financing receivable, after allowance for credit loss (2)(2)(3)(4)
Intangible assets, net (including goodwill) 19,23918,25916,20415,875
Goodwill 17,09016,13414,42413,840
Intangible assets, net (excluding goodwill) 2,1492,1251,7802,035
Other noncurrent assets 1,7881,7931,965
Prepaid expense and other noncurrent assets1,612
Deferred tax assets, net 1,164   
Other undisclosed noncurrent assets 2234
Total noncurrent assets: 31,54930,15228,57125,860
TOTAL ASSETS: 46,61245,88545,84938,069
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 5,3766,9495,9345,095
Accounts payable 1,6441,6961,4341,041
Accrued liabilities 3,1233,1412,7832,522
Employee-related liabilities  1,2601,0781,018
Taxes payable 609852639514
Debt 1,299 1,6651,652
Derivative instruments and hedges, liabilities  752340
Restructuring reserve  115
Deferred revenue and credits 6,2106,0215,2784,575
Other undisclosed current liabilities  (1,450)(1,101)(1,059)
Total current liabilities: 12,88511,71011,79910,304
Noncurrent Liabilities
Liabilities, other than long-term debt 5,5335,1554,7704,183
Deferred revenue and credits 4,5924,1443,7012,976
Accounts payable and accrued liabilities 461306  
Accrued income taxes296293
Deferred tax liabilities, net  274421575
Other liabilities 480431352339
Other undisclosed noncurrent liabilities 5,4755,4955,494 
Total noncurrent liabilities: 11,00810,65010,2644,183
Total liabilities: 23,89322,36022,06314,487
Temporary equity, carrying amount    58
Stockholders' equity
Stockholders' equity attributable to parent 21,14021,89622,30122,357
Common stock 19202021
Additional paid in capital   1,4063,691
Accumulated other comprehensive loss (579)(366)(239)(208)
Retained earnings 21,70022,24221,11418,853
Stockholders' equity attributable to noncontrolling interest 1,5791,6291,4851,167
Total stockholders' equity: 22,71923,52523,78623,524
TOTAL LIABILITIES AND EQUITY: 46,61245,88545,84938,069

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

6/30/2016
TTM
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues 24,70424,44023,22221,714
Revenue, net 24,70424,44223,22421,718
Cost of revenue (9,713)(9,195)(8,749)(8,076)
Cost of goods and services sold (9,713)(9,191)(8,749)(8,076)
Other undisclosed gross profit  4  
Gross profit: 14,99115,24914,47313,638
Operating expenses (12,150)(11,212)(10,323)(9,674)
Operating income: 2,8414,0374,1503,964
Nonoperating income (expense) 41(275)(285)(160)
Investment income, nonoperating 94123128115
Other nonoperating income (expense) 111(251)(257)(196)
Interest and debt expense (164)(147)(156)(79)
Other undisclosed income from continuing operations before equity method investments, income taxes 16414715679
Income from continuing operations before income taxes: 2,8823,7623,8653,804
Income tax expense (710)(868)(772)(918)
Net income: 2,1722,8943,0932,886
Net loss attributable to noncontrolling interest (182)(180)(204)(153)
Net income available to common stockholders, basic: 1,9902,7142,8892,733
Dilutive securities, effect on basic earnings per share (5)(7)(8)(10)
Net income available to common stockholders, diluted: 1,9852,7072,8812,723

Comprehensive Income ($ in millions)

6/30/2016
TTM
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income: 2,1722,8943,0932,886
Other comprehensive income (loss) (217)(127)(31)28
Comprehensive income: 1,9552,7673,0622,914
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 4(180)2041
Other undisclosed comprehensive loss, net of tax, attributable to parent (182) (408)(155)
Comprehensive income, net of tax, attributable to parent: 1,7772,5872,8582,759

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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