v2.4.0.6
Segment, Geographic, And Significant Customer Information
 9 Months Ended
Jan. 27, 2012
Segment, Geographic, And Significant Customer Information [Abstract]  
Segment, Geographic, And Significant Customer Information

14. Segment, Geographic, and Significant Customer Information

We operate in one reportable industry segment: the design, manufacturing, marketing, and technical support of high-performance networked storage solutions. We conduct business globally, and our sales and support activities are managed on a geographic basis. Our management reviews financial information presented on a consolidated basis, accompanied by disaggregated information it receives from its internal management system about revenues by geographic region, based on the location from which the customer relationship is managed, for purposes of allocating resources and evaluating financial performance. We do not allocate costs of revenues, research and development, sales and marketing, or general and administrative expenses to our geographic regions in this internal management system because management does not review operations or operating results, or make planning decisions, below the consolidated entity level.

Summarized revenues by geographic region based on our internal management system and utilized by our Chief Executive Officer, who is considered our Chief Operating Decision Maker, is as follows (in millions):

 

     Three Months Ended      Nine Months Ended  
     January 27,
2012		      January 28,
2011		      January 27,
2012		      January 28,
2011		  

Americas (United States, Canada and Latin America)*

    $ 853.7       $ 702.8       $ 2,564.2       $ 2,094.2   

Europe, Middle East and Africa

      525.5         457.1         1,411.1         1,232.5   

Asia Pacific and Japan

      186.3         129.7         555.4         367.6   
  

 

 

     

 

 

     

 

 

     

 

 

  

Net revenues

    $ 1,565.5       $ 1,289.6       $ 4,530.7       $ 3,694.3   
  

 

 

     

 

 

     

 

 

     

 

 

  

* Americas revenues consist of Americas commercial and U.S. public sector markets. Sales to customers inside the United States comprised $730.5 million and $631.2 million of Americas net revenues during the three months ended January 27, 2012 and January 28, 2011, respectively, and $2,190.2 million and $1,879.9 million of Americas net revenues during the nine months ended January 27, 2012 and January 28, 2011, respectively.

 

As of January 27, 2012 and April 29, 2011, the majority of our assets, excluding cash, cash equivalents, restricted cash, investments and accounts receivable, were attributable to our domestic operations. The following table presents cash, cash equivalents, restricted cash and debt investments held in the U.S. and internationally in various foreign subsidiaries (in millions):

 

     January 27,
2012		      April 29,
2011		  

United States

    $ 2,391.9       $ 3,037.5   

International

      2,536.7         2,211.8   
  

 

 

     

 

 

  

Total cash, cash equivalents, restricted cash and debt investments

    $ 4,928.6       $ 5,249.3   
  

 

 

     

 

 

  

With the exception of property and equipment, we do not identify or allocate our long-lived assets by geographic area. The following table presents property and equipment, net for geographic areas based on the physical location of the assets (in millions):

 

     January 27,
2012		      April 29,
2011		  

United States

    $ 982.6       $ 840.2   

International

      99.2         71.4   
  

 

 

     

 

 

  

Total property and equipment, net

    $ 1,081.8       $ 911.6   
  

 

 

     

 

 

  

No more than ten percent of property and equipment was located in any single foreign country.

International sales to a single foreign country that accounted for ten percent or more of net revenues are as follows:

 

     Three Months Ended      Nine Months Ended  
     January 27,
2012		      January 28,
2011		      January 27,
2012		      January 28,
2011		  

Germany

    $ 181.9       $ 164.4       $ 470.9       $ 461.3   

The following customers, each of which is a distributor, accounted for ten percent or more of our net revenues (in millions):

 

     Three Months Ended      Nine Months Ended  
     January 27,
2012		      January 28,
2011		      January 27,
2012		      January 28,
2011		  

Arrow Electronics, Inc.

    $ 238.8       $ 223.4       $ 725.9       $ 619.7   

Avnet, Inc.

      179.3         151.3         537.2         461.9   

The following customers accounted for ten percent or more of net accounts receivable (in millions):

 

     January 27,
2012		      April 29,
2011		  

Arrow Electronics, Inc.

    $  N/A       $ 101.4   

Avnet, Inc.

      70.9         107.5   

N/A - Not Applicable