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Segment, Geographic, and Significant Customer Information | 12 Months Ended
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Apr. 29, 2022
Segment Reporting [Abstract] |
Segment, Geographic, and Significant Customer Information | 15. Segment, Geographic, and Significant Customer Information Effective July 30, 2021, our Chief Operating Decision Maker (CODM), who is our Chief Executive Officer, realigned internal reporting and began using financial information for components of our business, organized based on category of product/solution, to evaluate performance and allocate resources. This resulted in the creation of two operating segments and two reportable segments for financial reporting purposes: Hybrid Cloud and Public Cloud. The CODM measures performance of each segment based on segment revenue and segment gross profit. We do not allocate to our segments certain cost of revenues which we manage at the corporate level. These unallocated costs include stock-based compensation and amortization of intangible assets. We do not allocate assets to our segments. Hybrid Cloud offers a portfolio of storage and infrastructure solutions that help customers recast their data centers with the power of cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. Hybrid Cloud is composed of software, hardware, and related support, as well as professional and other services. Public Cloud offers a portfolio of products delivered primarily as-a-service, including related support. This portfolio includes cloud storage and data services, and cloud operations services. Public Cloud includes certain reseller arrangements in which the timing of our consideration follows the end user consumption of the reseller services. Financial information for the prior periods have been updated to conform to the current year presentation of two segments. Segment Revenues and Gross Profit Financial information by segment is as follows (in millions, except percentages):
| Year Ended April 29, 2022 |
| Hybrid Cloud |  |  | Public Cloud |  |  | Consolidated |
Product revenues | $ | 3,284 |  |  | $ | — |  |  | $ | 3,284 |
Support revenues |  | 2,344 |  |  |  | — |  |  |  | 2,344 |
Professional and other services revenues |  | 294 |  |  |  | — |  |  |  | 294 |
Public cloud revenues |  | — |  |  |  | 396 |  |  |  | 396 |
Net revenues |  | 5,922 |  |  |  | 396 |  |  |  | 6,318 |
Cost of product revenues |  | 1,541 |  |  |  | — |  |  |  | 1,541 |
Cost of support revenues |  | 184 |  |  |  | — |  |  |  | 184 |
Cost of professional and other services revenues |  | 205 |  |  |  | — |  |  |  | 205 |
Cost of public cloud revenues |  | — |  |  |  | 118 |  |  |  | 118 |
Segment cost of revenues |  | 1,930 |  |  |  | 118 |  |  |  | 2,048 |
Segment gross profit | $ | 3,992 |  |  | $ | 278 |  |  | $ | 4,270 |
Segment gross margin |  | 67.4 | % |  |  | 70.2 | % |  |  | 67.6 | %
Unallocated cost of revenues 1 |  |  |  |  |  |  |  | 50 |
Total gross profit |  |  |  |  |  |  | $ | 4,220 |
Total gross margin |  |  |  |  |  |  |  | 66.8 | %
1 Unallocated cost of revenues are composed of $17 million of stock-based compensation expense and $33 million of amortization of intangible assets. |
| Year Ended April 30, 2021 |
| Hybrid Cloud |  |  | Public Cloud |  |  | Consolidated |
Product revenues | $ | 2,991 |  |  | $ | — |  |  | $ | 2,991 |
Support revenues |  | 2,277 |  |  |  | — |  |  |  | 2,277 |
Professional and other services revenues |  | 277 |  |  |  | — |  |  |  | 277 |
Public cloud revenues |  | — |  |  |  | 199 |  |  |  | 199 |
Net revenues |  | 5,545 |  |  |  | 199 |  |  |  | 5,744 |
Cost of product revenues |  | 1,402 |  |  |  | — |  |  |  | 1,402 |
Cost of support revenues |  | 201 |  |  |  | — |  |  |  | 201 |
Cost of professional and other services revenues |  | 206 |  |  |  | — |  |  |  | 206 |
Cost of public cloud revenues |  | — |  |  |  | 65 |  |  |  | 65 |
Segment cost of revenues |  | 1,809 |  |  |  | 65 |  |  |  | 1,874 |
Segment gross profit | $ | 3,736 |  |  | $ | 134 |  |  | $ | 3,870 |
Segment gross margin |  | 67.4 | % |  |  | 67.3 | % |  |  | 67.4 | %
Unallocated cost of revenues 1 |  |  |  |  |  |  |  | 55 |
Total gross profit |  |  |  |  |  |  | $ | 3,815 |
Total gross margin |  |  |  |  |  |  |  | 66.4 | %
1 Unallocated cost of revenues are composed of $14 million of stock-based compensation expense and $41 million of amortization of intangible assets. |
| Year Ended April 24, 2020 |
| Hybrid Cloud |  |  | Public Cloud |  |  | Consolidated |
Product revenues | $ | 2,995 |  |  | $ | — |  |  | $ | 2,995 |
Support revenues |  | 2,114 |  |  |  | — |  |  |  | 2,114 |
Professional and other services revenues |  | 241 |  |  |  | — |  |  |  | 241 |
Public cloud revenues |  | — |  |  |  | 62 |  |  |  | 62 |
Net revenues |  | 5,350 |  |  |  | 62 |  |  |  | 5,412 |
Cost of product revenues |  | 1,326 |  |  |  | — |  |  |  | 1,326 |
Cost of support revenues |  | 188 |  |  |  | — |  |  |  | 188 |
Cost of professional and other services revenues |  | 188 |  |  |  | — |  |  |  | 188 |
Cost of public cloud revenues |  | — |  |  |  | 35 |  |  |  | 35 |
Segment cost of revenues |  | 1,702 |  |  |  | 35 |  |  |  | 1,737 |
Segment gross profit | $ | 3,648 |  |  | $ | 27 |  |  | $ | 3,675 |
Segment gross margin |  | 68.2 | % |  |  | 43.5 | % |  |  | 67.9 | %
Unallocated cost of revenues 1 |  |  |  |  |  |  |  | 52 |
Total gross profit |  |  |  |  |  |  | $ | 3,623 |
Total gross margin |  |  |  |  |  |  |  | 66.9 | %
1 Unallocated cost of revenues are composed of $13 million of stock-based compensation expense and $39 million of amortization of intangible assets. |
Geographical Revenues and Certain Assets Revenues summarized by geographic region are as follows (in millions):
|  | Year Ended |
|  | April 29, 2022 |  |  | April 30, 2021 |  |  | April 24, 2020 |
United States, Canada and Latin America (Americas) |  | $ | 3,460 |  |  | $ | 3,097 |  |  | $ | 2,863 |
Europe, Middle East and Africa (EMEA) |  |  | 1,979 |  |  |  | 1,775 |  |  |  | 1,742 |
Asia Pacific (APAC) |  |  | 879 |  |  |  | 872 |  |  |  | 807 |
Net revenues |  | $ | 6,318 |  |  | $ | 5,744 |  |  | $ | 5,412 |
Americas revenues consist of sales to Americas commercial and U.S. public sector markets. Sales to customers inside the U.S. were $3,041 million, $2,784 million and $2,584 million during fiscal 2022, 2021 and 2020, 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 29, 2022 |  |  | April 30, 2021 |
U.S. |  | $ | 1,820 |  |  | $ | 2,098 |
International |  |  | 2,314 |  |  |  | 2,498 |
Total |  | $ | 4,134 |  |  | $ | 4,596 |
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 29, 2022 |  |  | April 30, 2021 |
U.S. |  | $ | 392 |  |  | $ | 340 |
International |  |  | 210 |  |  |  | 185 |
Total |  | $ | 602 |  |  | $ | 525 |
Significant Customers The following customers, each of which is a distributor, accounted for 10% or more of our net revenues:
|  | Year Ended |
|  | April 29, 2022 |  |  | April 30, 2021 |  |  | April 24, 2020 |
Arrow Electronics, Inc. |  |  | 24 | % |  |  | 24 | % |  |  | 25 | %
Tech Data Corporation |  |  | 21 | % |  |  | 20 | % |  |  | 21 | %
The following customers accounted for 10% or more of accounts receivable:
|  | April 29, 2022 |  |  | April 30, 2021 |
Arrow Electronics, Inc. |  |  | 10 | % |  |  | 10 | %
Tech Data Corporation |  |  | 19 | % |  |  | 21 | %

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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