CONSOLIDATED STATEMENTS OF INCOME (LOSS)
(in millions; except per share amounts)
| Successor | Predecessor | |||||||||||||||||
| Fiscal Year Ended January 29, 2016 |
Fiscal Year Ended January 30, 2015 |
October 29, 2013 through January 31, 2014 |
February 2, 2013 through October 28, 2013 |
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| Net revenue: |
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| Products |
$ | 43,317 | $ | 46,690 | $ | 11,253 | $ | 32,786 | ||||||||||
| Services, including software related |
11,569 | 11,429 | 2,822 | 9,516 | ||||||||||||||
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| Total net revenue |
54,886 | 58,119 | 14,075 | 42,302 | ||||||||||||||
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| Cost of net revenue: |
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| Products |
37,923 | 40,415 | 10,695 | 28,150 | ||||||||||||||
| Services, including software related |
7,131 | 7,496 | 1,987 | 6,161 | ||||||||||||||
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| Total cost of net revenue |
45,054 | 47,911 | 12,682 | 34,311 | ||||||||||||||
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| Gross margin |
9,832 | 10,208 | 1,393 | 7,991 | ||||||||||||||
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| Operating expenses: |
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| Selling, general, and administrative |
8,900 | 9,428 | 2,863 | 6,528 | ||||||||||||||
| Research, development, and engineering |
1,315 | 1,202 | 328 | 945 | ||||||||||||||
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| Total operating expenses |
10,215 | 10,630 | 3,191 | 7,473 | ||||||||||||||
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| Operating income (loss) |
(383 | ) | (422 | ) | (1,798 | ) | 518 | |||||||||||
| Interest and other, net |
(792 | ) | (924 | ) | (204 | ) | (198 | ) | ||||||||||
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| Income (loss) before income taxes |
(1,175 | ) | (1,346 | ) | (2,002 | ) | 320 | |||||||||||
| Income tax provision (benefit) |
(71 | ) | (125 | ) | (390 | ) | 413 | |||||||||||
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| Net income (loss) |
$ | (1,104 | ) | $ | (1,221 | ) | $ | (1,612 | ) | $ | (93 | ) | ||||||
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| Earnings (loss) per share: |
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| Basic |
$ | (2.73 | ) | $ | (3.02 | ) | $ | (4.06 | ) | $ | (0.05 | ) | ||||||
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| Diluted |
$ | (2.73 | ) | $ | (3.02 | ) | $ | (4.06 | ) | $ | (0.05 | ) | ||||||
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| Cash dividends declared per common share |
$ | — | $ | — | $ | — | $ | 0.37 | ||||||||||
| Weighted-average shares outstanding: |
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| Basic |
405 | 404 | 397 | 1,755 | ||||||||||||||
| Diluted |
405 | 404 | 397 | 1,755 | ||||||||||||||
The accompanying notes are an integral part of these Consolidated Financial Statements.
- F-5 -
DENALI HOLDING INC.
