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Segment, Geographic, and Significant Customer Information
 12 Months Ended
Apr. 24, 2015
Segment Reporting [Abstract]  
Segment, Geographic, and Significant Customer Information

16. Segment, Geographic, and Significant Customer Information

We operate in one industry segment: the design, manufacturing, marketing, and technical support of high-performance storage and data management 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 our 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 reporting 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 information 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):

 

 

 

Year Ended

 

 

 

April 24,

2015

 

 

April 25,

2014

 

 

April 26,

2013

 

United States, Canada and Latin America (Americas)

 

$

3,446.8

 

 

$

3,513.3

 

 

$

3,552.5

 

Europe, Middle East and Africa (EMEA)

 

 

1,857.4

 

 

 

1,954.6

 

 

 

1,928.8

 

Asia Pacific (APAC)

 

 

818.5

 

 

 

857.2

 

 

 

851.1

 

Net revenues

 

$

6,122.7

 

 

$

6,325.1

 

 

$

6,332.4

 

 

Americas revenues consist of sales to Americas commercial and U.S. public sector markets. Sales to customers inside the U.S. were $3,096.1 million, $3,130.9 million and $3,152.7 million during fiscal 2015, 2014 and 2013, respectively.

The majority of our assets, excluding cash, cash equivalents, 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 U.S. and internationally in various foreign subsidiaries (in millions):

 

 

 

April 24,

2015

 

 

April 25,

2014

 

U.S.

 

$

596.2

 

 

$

681.8

 

International

 

 

4,730.0

 

 

 

4,321.5

 

Total

 

$

5,326.2

 

 

$

5,003.3

 

 

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

 

 

 

April 24,

2015

 

 

April 25,

2014

 

U.S.

 

$

926.9

 

 

$

1,021.4

 

International

 

 

103.0

 

 

 

87.4

 

Total

 

$

1,029.9

 

 

$

1,108.8

 

 

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

 

 

 

Year Ended

 

 

 

April 24,

2015

 

 

April 25,

2014

 

 

April 26,

2013

 

Arrow Electronics, Inc.

 

 

23

%

 

 

22

%

 

 

19

%

Avnet, Inc.

 

 

16

%

 

 

16

%

 

 

15

%

 

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

 

 

 

April 24,

2015

 

 

April 25,

2014

 

Arrow Electronics, Inc.

 

 

14

%

 

 

14

%

Avnet, Inc.

 

 

16

%

 

 

16

%