v2.4.0.6
Segment, Geographic, and Significant Customer Information
 6 Months Ended
Oct. 26, 2012
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 from 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      Six Months Ended  
     October 26,
2012		      October 28,
2011		      October 26,
2012		      October 28,
2011		  

Americas (United States, Canada and Latin America)

    $ 897.3       $ 897.1       $ 1,698.4       $ 1,710.5   

Europe, Middle East and Africa

      437.7         428.9         877.0         885.6   

Asia Pacific and Japan

      206.2         181.0         410.4         369.1   
  

 

 

     

 

 

     

 

 

     

 

 

  

Net revenues

    $ 1,541.2       $ 1,507.0       $ 2,985.8       $ 2,965.2   
  

 

 

     

 

 

     

 

 

     

 

 

  

Americas revenues consist of Americas commercial and U.S. public sector markets. Sales to customers inside the United States accounted for $797.6 million and $770.4 million of Americas net revenues during the three months ended October 26, 2012 and October 28, 2011, respectively, and $1,509.0 million and $1,459.7 million of Americas net revenues during the six months ended October 26, 2012 and October 28, 2011, respectively. No single foreign country accounted for 10% or more of net revenues in any of the periods presented.

 

The majority of our assets, excluding cash, cash equivalents, restricted cash, short-term investments and accounts receivable, were attributable to our domestic operations. The following table presents cash, cash equivalents and short-term investments held in the United States and internationally in various foreign subsidiaries (in millions):

 

     October 26,
2012		      April 27,
2012		  

United States

    $ 2,470.5       $ 2,697.6   

International

      3,100.5         2,763.8   
  

 

 

     

 

 

  

Total

    $ 5,571.0       $ 5,461.4   
  

 

 

     

 

 

  

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 information for geographic areas based on the physical location of the assets (in millions):

 

     October 26,
2012		      April 27,
2012		  

United States

    $ 1,032.7       $ 1,038.9   

International

      99.7         98.3   
  

 

 

     

 

 

  

Total

    $ 1,132.4       $ 1,137.2   
  

 

 

     

 

 

  

The following customers, each of which is a distributor, accounted for 10% or more of our net revenues:

 

     Three Months Ended     Six Months Ended  
     October 26,
2012		     October 28,
2011		     October 26,
2012		     October 28,
2011		  

Arrow Electronics, Inc.

      20 %      18 %      18 %      16 % 

Avnet, Inc.

      15 %      13 %      14 %      12 % 

The following customers accounted for 10% or more of net accounts receivable:

 

     October 26,
2012		     April 27,
2012		  

Arrow Electronics, Inc.

      11 %      N/A   

Avnet, Inc.

      11 %      11 % 

 

N/A - Not Applicable