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Vmware (VMW)

VMware software powers the world’s complex digital infrastructure. The company’s cloud, app modernization, networking, security, and digital workspace offerings help customers deliver any application on any cloud across any device. Headquartered in Palo Alto, California, VMware is committed to being a force for good, from its breakthrough technology innovations to its global impact.

Company profile

Ticker
VMW
Exchange
Website
CEO
Patrick Gelsinger
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
3401 Hillview LLC • A.W.S. Holding, LLC • AetherPal LLC • AirWatch LLC • Avi Networks Germany GmbH • Avi Networks India Private Limited • Avi Networks International, Inc. • Avi Networks, LLC • BitRock, LLC • Carbon Black, LLC ...
IRS number
943292913

VMW stock data

Calendar

2 Sep 22
1 Oct 22
3 Feb 23
Quarter (USD) Jul 22 Apr 22 Jan 22 Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Jan 20 Jan 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 3.27B 3.27B 3.27B 3.27B 3.27B 3.27B
Cash burn (monthly) 163.33M 220.83M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 341.61M 461.87M n/a n/a n/a n/a
Cash remaining 2.93B 2.81B n/a n/a n/a n/a
Runway (months of cash) 17.9 12.7 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
22 Sep 22 Brulard Jean Pierre Class A Common Stock Sell Dispose S No No 111.05 359 39.87K 82,777
6 Sep 22 Sumit Dhawan Class A Common Stock Sell Dispose S No No 115.22 1,600 184.35K 96,880
1 Sep 22 Sumit Dhawan Class A Common Stock Payment of exercise Dispose F No No 114.82 2,984 342.62K 98,480
1 Aug 22 Pebbie L Verdecanna Class A Common Stock Payment of exercise Dispose F No No 116.17 44 5.11K 14,807
12 Jul 22 Sagan Paul Class A Common Stock Grant Acquire A No No 0 2,275 0 22,417
12 Jul 22 Denman Kenneth D Class A Common Stock Grant Acquire A No No 0 2,275 0 5,439
55.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 825 845 -2.4%
Opened positions 126 90 +40.0%
Closed positions 146 125 +16.8%
Increased positions 216 281 -23.1%
Reduced positions 312 296 +5.4%
13F shares Current Prev Q Change
Total value 22.06B 27.45B -19.6%
Total shares 235.58M 237.07M -0.6%
Total puts 2.41M 2.16M +11.6%
Total calls 1.57M 1.82M -13.8%
Total put/call ratio 1.5 1.2 +29.4%
Largest owners Shares Value Change
Silver Lake Group, L.L.C. 42.05M $4.79B 0.0%
SL SPV-2 42.05M $0 0.0%
Dodge & Cox 28.03M $3.2B +4.0%
Vanguard 13.24M $1.51B +1.5%
BLK Blackrock 12.02M $1.37B -6.6%
Ubs Global Asset Management Americas 5.82M $663.31M +16.8%
STT State Street 4.93M $562.33M -8.2%
Temasek 4.57M $521.27M 0.0%
IVZ Invesco 4.14M $472.26M -2.5%
Wellington Management 2.84M $323.84M -16.6%
Largest transactions Shares Bought/sold Change
Marshall Wace 2.11M +1.57M +286.7%
Magnetar Financial 1.28M +1.28M NEW
Millennium Management 1.54M +1.18M +326.4%
Dodge & Cox 28.03M +1.08M +4.0%
Nordea Investment Management Ab 1.63M -1.03M -38.7%
First Trust Advisors 2.59M -986.03K -27.5%
HRT Financial 974.56K +974.56K NEW
Alliancebernstein 845.4K -941.95K -52.7%
GS Goldman Sachs 1.86M -858.13K -31.6%
BLK Blackrock 12.02M -843.64K -6.6%

Financial report summary

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Risks
  • The pendency of our acquisition by Broadcom may have an adverse effect on our business, results of operations, cash flows and financial position.
  • Completion of the transaction is subject to the conditions contained in the Merger Agreement, including regulatory approvals, which may not be received, may take longer than expected or may impose conditions that are not presently anticipated or that cannot be met, and if these conditions are not satisfied or waived, the transaction will not be completed.
  • Lawsuits have been and may in the future be filed against us and our directors challenging the transaction, and an adverse ruling in any such lawsuit may delay or prevent the consummation of the transaction and result in substantial costs to us.
  • The failure to complete the planned acquisition of us by Broadcom could have a material and adverse effect on our business, results of operations, financial condition, cash flows, and stock price.
  • A significant decrease in demand for our data center virtualization products would adversely affect our operating results.
  • Our subscription and SaaS offerings, which constitute a growing portion of our business, and our initiatives to extend our data center virtualization and container platforms into the public cloud involve various risks, including, among others, reliance on third-party providers for data center space and colocation services and on public cloud providers to prevent service disruptions.
  • Our success depends upon our ability to adapt our business and pricing models to a subscription and SaaS model appropriately.
  • We face intense competition that could adversely affect our operating results.
  • Our commercial relationship with Dell could adversely impact our business, stock price, market share and ability to build and maintain other strategic relationships.
  • Our success depends increasingly on customer acceptance of our newer products and services.
  • Competition for our highly skilled employees is intense and costly, and our business and growth prospects may suffer if we cannot attract and retain them.
  • The loss of key management personnel could harm our business.
  • Our current research and development efforts may not produce significant revenue for several years, if at all.
  • Acquisitions and divestitures could materially harm our business and operating results.
  • Disruptions to our distribution channels, including our various routes to market through Dell, could harm our business.
  • The evolution of our business requires more complex go-to-market strategies, which involve significant risk.
  • We may not be able to respond to rapid technological changes with new solutions and services offerings.
  • We operate a global business that exposes us to additional risks.
  • Russia’s military actions in Ukraine have affected and may continue to affect our business.
  • Our success depends on the interoperability of our products and services with those of other companies.
  • Failure to effectively manage our product and service lifecycles could harm our business.
  • Our operating results may fluctuate significantly.
  • Adverse economic conditions may harm our business.
  • We have substantial indebtedness, and we may incur other debt in the future, which may adversely affect our financial condition and future financial results.
  • We have potential tax liabilities as a result of our former controlling ownership by Dell, which could have an adverse effect on our operating results and financial condition.
  • Our operating results may be adversely impacted by exposure to additional tax liabilities and higher than expected tax rates.
  • Cybersecurity breaches of our systems or the systems of our vendors, partners and suppliers could materially harm our business.
  • Our products and services are highly technical and may contain, or be subject to our own or suppliers’, errors, defects or security vulnerabilities.
  • Problems with our information systems could interfere with our business and could adversely impact our operations.
  • We are involved in litigation, investigations and regulatory inquiries and proceedings that could negatively affect us.
  • We may not be able to adequately protect our intellectual property rights.
  • Actual or perceived non-compliance with privacy and data protection laws, regulations and standards could adversely impact our business.
  • Our use of “open source” software in our products could negatively affect our ability to sell our products and subject us to litigation.
  • If we fail to comply with government contracting regulations, our business could be adversely affected.
  • Some of our directors have potential conflicts of interest with Dell.
  • The MSD Stockholders and the SLP Stockholders have significant influence over us, and their interests may conflict with our interests and the interests of our other stockholders.
  • The price of our Common Stock has fluctuated significantly in recent years and may fluctuate significantly in the future.
  • Anti-takeover provisions in Delaware law and our charter documents could discourage takeover attempts.
  • Our bylaws provide for an exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.
  • We are exposed to foreign exchange risks.
  • If our goodwill or amortizable intangible assets become impaired, we may be required to record a significant charge to earnings.
  • Changes in accounting principles and guidance could result in unfavorable accounting charges or effects.
  • Natural disasters, catastrophic events or geo-political conditions could disrupt our business.
  • Climate change may have a long-term negative impact on our business.
  • Social and ethical issues, including our ability to make progress on our ESG (environmental, social and governance) goals and commitments, may result in reputational harm and liability.
Management Discussion
  • Approximately 70% of our sales are denominated in the U.S. dollar. In certain countries, however, we also invoice and collect in various foreign currencies, principally euro, British pound, Japanese yen, Australian dollar and Chinese renminbi. In addition, we incur and pay operating expenses in currencies other than the U.S. dollar. As a result, our financial statements, including our revenue, operating expenses, unearned revenue and the resulting cash flows derived from the U.S. dollar equivalent of foreign currency transactions, are affected by foreign exchange fluctuations.
  • Revenue from our subscription offerings consisted primarily of our VMware Cloud Provider Program cloud-based offerings that are billed to customers on a consumption basis and revenue from VMware Tanzu and other offerings that are billed on a subscription basis. Revenue from our SaaS offerings consisted primarily of our Workspace ONE Unified Endpoint
  • Management, VMware Carbon Black Cloud, VMware Cloud on AWS, VMware SD-WAN by VeloCloud and CloudHealth by VMware.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: cease, ceased, cessation, confirming, correct, credential, deadline, devoted, disagree, Dunn, eradicating, excise, expert, flat, Gibson, half, inaccurate, incomplete, IRA, NQDC, orderly, overcome, password, pre, representation, restraining, revoked, shipped, sought, spraying, stuffing, substantively, true, upward, withdrawn
Removed: affiliate, authorization, average, blocked, collaborative, concurrently, Department, Federation, filing, FSB, importation, Iran, LLC, notification, OFAC, permitting, returning, scheduled, Syria

Patents

Utility
Dynamic Object Policy Reconfiguration Mechanism for Object Storage System
29 Sep 22
A method for dynamic storage object configuration in a datacenter is provided.
Utility
System and Method to Maintain Quality of Service Associated with Cloud Application
29 Sep 22
Example methods relating to maintain a quality of service of a cloud application are described.
Utility
Dynamic Linker for Loading and Running an Application Over a Plurality of Nodes
29 Sep 22
A method for a dynamic linker to load and run an application that is executed over a plurality of nodes, includes relocating a primary binary of the application from an initial location to an executable location, loading library dependencies, altering a system call table used during execution of the application for the dynamic linker to catch all system calls made by the application, and executing the relocated primary binary from the executable location.
Utility
Application-level Virtualization
29 Sep 22
A method for executing an application over a plurality of nodes in each of which an application monitor and a runtime are executing includes executing a first portion of the application by first threads of the runtime of the first node and a second portion of the application by second threads of the runtime of the second node, and under control of the application monitors of the first and second nodes and while executing the first portions and second portions of the application, migrating workloads of one or more of the first threads from the first node to the second node for execution by the second threads.
Utility
Allocating and Using File Descriptors for an Application Executing on a Plurality of Nodes
29 Sep 22
A method for allocating and using file descriptors for an application executing over a plurality of nodes, each having a file system, includes receiving a system call from the application running on a first node to access a file in a file system, determining whether the file resides in a file system of a first node or the second node, and upon determining that the file resides on the second node, sending the system call and arguments of the system call to the one of the second nodes for execution on the one of the second nodes and returning a result of the system call executed on the second node to the application on the first node.