0001124610-21-000023 8-K 13 20210527 2.02 9.01 20210527 20210527 VMWARE, INC. 0001124610 7372 943292913 DE 0129 8-K 34 001-33622 21972932 3401 HILLVIEW AVENUE PALO ALTO CA 94304 (650) 427-5000 3401 HILLVIEW AVENUE PALO ALTO CA 94304 VMWARE INC 20000923 8-K 1 vmw-20210527.htm 8-K vmw-20210527

Washington, D.C. 20549
Date of report (Date of earliest event reported): May 27, 2021
(Exact name of registrant as specified in its charter)
Delaware 001-33622 94-3292913
(State or Other Jurisdiction
of Incorporation)
File Number)
 (IRS Employer
Identification Number)
3401 Hillview AvenuePalo AltoCA 94304
(Address of Principal Executive Offices) (Zip code)
Registrant’s telephone number, including area code: (650427-5000

(Former Name or Former Address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A common stockVMWNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.
On May 27, 2021, VMware issued a press release announcing its financial results for the quarter ended April 30, 2021 (“Press Release”). The Press Release, which includes information regarding VMware’s use of non-GAAP financial measures, is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
The information in this Item 2.02 and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act ”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
   VMware, Inc.
Date: May 27, 2021By: /s/ Zane Rowe
   Zane Rowe
Chief Financial Officer, interim Chief Executive Officer and Executive Vice President


EX-99.1 2 pressreleasefinancials_430.htm EX-99.1 Document

Exhibit 99.1

VMware Reports Fiscal Year 2022 First Quarter Results
Total Revenue growth of 9% year-over-year
Subscription and SaaS revenue growth of 29% year-over-year

PALO ALTO, Calif., May 27, 2021 — VMware, Inc. (NYSE: VMW), a leading innovator in enterprise software, today announced financial results for the first quarter of fiscal year 2022:

Revenue for the first quarter was $2.99 billion, an increase of 9% from the first quarter of fiscal 2021.

The combination of subscription and SaaS and license revenue was $1.39 billion, an increase of 12% from the first quarter of fiscal 2021.

Subscription and SaaS revenue for the first quarter was $741 million, an increase of 29% year-over-year.

GAAP net income for the first quarter was $425 million, or $1.01 per diluted share, compared to $386 million, or $0.92 per diluted share, for the first quarter of fiscal 2021. Non-GAAP net income for the first quarter was $744 million, or $1.76 per diluted share, up 16% per diluted share compared to $640 million, or $1.52 per diluted share, for the first quarter of fiscal 2021.

GAAP operating income for the first quarter was $559 million, an increase of 34% from the first quarter of fiscal 2021. Non-GAAP operating income for the first quarter was $923 million, an increase of 13% from the first quarter of fiscal 2021.

Operating cash flow for the first quarter was $1.27 billion. Free cash flow for the first quarter was $1.20 billion.

RPO for the first quarter totaled $11.0 billion, up 9% year-over-year.

“We are pleased with our Q1 financial performance as we delivered solutions for customers in strategic areas like multi-cloud, application modernization and digital workspaces, while focusing on providing a broader set of consumption choices with our Subscription and SaaS offerings,” said Zane Rowe, CFO and Interim CEO, VMware. “We are excited to welcome Raghu Raghuram as the next CEO of VMware. This milestone, along with the proposed Dell spin-off, sets the stage for the company’s next innovative chapter.”

Business Highlights & Strategic Announcements
The VMware Special Committee of independent directors and Dell Technologies have agreed to terms in which VMware will be spun-off from Dell Technologies. The terms include significant simplification to the corporate ownership structure and an $11.5B to $12.0B special cash dividend recommended by the independent Special Committee and declared by the VMware Board to all VMware stockholders immediately prior to the spin-off and subject to the satisfaction of all closing conditions. The two companies have also finalized a commercial agreement that preserves and enhances their strategic partnership to deliver joint customer value.
VMware unveiled VMware Cloud, a distributed, multi-cloud platform that enables organizations to accelerate application modernization across the data center, edge, and any cloud. With the launch of VMware Cloud, VMware announced new offerings that bring a more integrated experience to customers, including VMware Cloud Universal, a flexible subscription that simplifies the purchase and consumption of VMware multi-cloud infrastructure and management services.
VMware announced innovations across its VMware vRealize Cloud Management portfolio of on-premises and Software as a Service (SaaS) solutions. The new and enhanced capabilities combine to enable customers to more securely deploy and operate their hybrid and multi-cloud environments.
VMware announced portfolio updates to help customers modernize their applications and infrastructure. The new releases of vSphere 7 and vSAN 7 will help IT teams support new and existing applications with infrastructure that is developer and AI-ready; scales without compromise; boosts infrastructure and data security; and simplifies operations. This includes the next step in our collaboration with NVIDIA to deliver an AI-Ready Enterprise platform that combines the industry-leading compute virtualization software of VMware vSphere and the innovation of NVIDIA AI Enterprise suite.

VMware unveiled expanded cloud workload protection capabilities to deliver better security for containers and Kubernetes. The new solution will help increase visibility, enable compliance and enhance security for containerized applications from build to production in public cloud and on-premises environments.
VMware announced VMware Anywhere Workspace, a solution designed to help customers deliver a distributed workforce environment. The offering enables customers to manage multi-modal employee experiences, better secure the distributed edge and automate their workspace.
VMware launched the Customer Lifecycle Incentives Program to help partners facilitate the end-to-end digital transformation for their customers. The program will help partners drive increased profitability through new and expanded customer engagement, a simplified experience, optimized incentive return on investment, and partner-to-partner cooperation rewards.

The company will host a conference call today at 1:30 p.m. PT/ 4:30 p.m. ET to review financial results and business outlook. A live web broadcast of the event will be available on the VMware investor relations website at http://ir.vmware.com. Slides will accompany the web broadcast. The replay of the webcast and slides will be available on the website for two months. In addition, six quarters of historical data for unearned revenue will also be made available at http://ir.vmware.com in conjunction with the conference call.

# # #
About VMware
VMware software powers the world’s complex digital infrastructure. The company’s cloud, app modernization, networking, security, and digital workspace offerings help customers deliver any application on any cloud across any device. Headquartered in Palo Alto, California, VMware is committed to being a force for good, from its breakthrough technology innovations to its global impact. For more information, please visit https://www.vmware.com/company.html

Additional Information
VMware’s website is located at www.vmware.com, and its investor relations website is located at http://ir.vmware.com. VMware’s goal is to maintain the investor relations website as a portal through which investors can easily find or navigate to pertinent information about VMware, all of which is made available free of charge. The additional information includes: materials that VMware files with the SEC; announcements of investor conferences, speeches and events at which its executives talk about its products, services and competitive strategies; webcasts of its quarterly earnings calls, investor conferences and events (archives of which are also available for a limited time); additional information on its financial metrics, including reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures; press releases on quarterly earnings, product and service announcements, legal developments and international news; corporate governance information; other news, blogs and announcements that VMware may post from time to time that investors may find useful or interesting; and opportunities to sign up for email alerts and RSS feeds to have information pushed in real time.

VMware, VMware Cloud Universal, vRealize, vSphere, VMware vSAN, and VMware Anywhere Workspace are registered trademarks or trademarks of VMware, Inc. or its subsidiaries in the United States and other jurisdictions. All other marks and names mentioned herein may be trademarks of their respective organizations.

Use of Non-GAAP Financial Measures
Reconciliations of non-GAAP financial measures to VMware’s financial results as determined in accordance with GAAP are included at the end of this press release following the accompanying financial data. For a description of these non-GAAP financial measures, including the reasons management uses each measure, please see the section of the tables titled “About Non-GAAP Financial Measures.”

Forward-Looking Statements
This press release contains forward-looking statements including, among other things, statements regarding the proposed spin-off from Dell, and the terms and potential impact of the related commercial agreement and corporate governance arrangements to take effect with the spin-off; the payment and size of a special cash dividend in connection with the spin-off; the company’s next innovative chapter; and the expected benefits to customers of VMware product, solutions and service offerings announced, launched and unveiled since the start of the first quarter of fiscal year 2022. These forward-looking statements are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking statements as a result of certain

risk factors, including but not limited to: (1) the failure of VMware or Dell Technologies to meet the contractual conditions for consummation of the spin-off and payment of the special cash dividend; (2) the failure to obtain adequate financing sources for the special cash dividend; (3) the failure of VMware to satisfy certain rating agency criteria; (4) the occurrence of any event, change or other circumstances that could give rise to the termination of the commercial agreement with Dell Technologies entered into in connection with the spin-off; (5) the effect of the announcement of the spin-off, and the special cash dividend and their impact on VMware and Dell Technologies’ strategic and commercial relationships and on the ability of VMware to retain and hire key personnel and maintain relationships with its customers, suppliers, operating results and business generally; (6) the impact of the COVID-19 pandemic on our operations, financial condition, our customers, the business environment and the global and regional economies; (7) adverse changes in general economic or market conditions; (8) delays or reductions in consumer, government and information technology spending; (9) competitive factors, including but not limited to pricing pressures, industry consolidation, entry of new competitors into the virtualization software and cloud, end user and mobile computing, modern applications and security industries, as well as new product and marketing initiatives by VMware’s competitors; (10) the ability to successfully integrate into VMware acquired companies and assets and smoothly transition services related to divested assets from VMware; (11) rapid technological changes in the virtualization software and cloud, end user, security, modern applications and mobile computing industries; (12) VMware’s customers’ ability to transition to new products, platforms, services, solutions and computing strategies in such areas as containerization, modern applications, intrinsic security and networking, cloud, digital workspaces, virtualization and the software defined data center, and the uncertainty of their acceptance of emerging technology; (13) VMware’s ability to enter into, maintain and extend strategically effective partnerships, collaborations and alliances; (14) the continued risk of litigation and regulatory actions; (15) VMware’s ability to protect its proprietary technology; (16) changes to product and service development timelines; (17) VMware’s relationship with Dell Technologies and Dell’s ability to control matters requiring stockholder approval, including the election of VMware’s board members and matters relating to Dell’s investment in VMware; (18) VMware’s ability to attract and retain highly qualified employees; (19) the ability of VMware to utilize our relationship with Dell to leverage go-to-market and product development activities; (20) risks associated with cyber-attacks, information security and data privacy; (21) disruptions resulting from key management changes; (22) risks associated with international sales such as fluctuating currency exchange rates and increased trade barriers; (23) changes in VMware’s financial condition; (24) geopolitical changes such as Brexit and increased tariffs and trade barriers that could adversely impact our non-U.S. sales; and (25) the ability of VMware to adapt our offerings, business operations and go-to-market activities to changes in how customers consume information technology resources, such as through subscription and SaaS offerings; (26) other business effects, including those related to industry, market, economic, political, regulatory and global health conditions. These forward-looking statements are made as of the date of this press release, are based on current expectations and are subject to uncertainties and changes in condition, significance, value and effect as well as other risks detailed in documents filed with the Securities and Exchange Commission, including VMware’s most recent reports on Form 10-K and Form 10-Q and current reports on Form 8- K that we may file from time to time, which could cause actual results to vary from expectations. VMware assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.


Paul Ziots
VMware Investor Relations

Michael Thacker
VMware Global PR

VMware, Inc.
(amounts in millions, except per share amounts, and shares in thousands)
Three Months Ended
April 30,May 1,
License$646 $660 
Subscription and SaaS741 572 
Services1,607 1,502 
Total revenue2,994 2,734 
Operating expenses(1):
Cost of license revenue37 40 
Cost of subscription and SaaS revenue157 126 
Cost of services revenue337 318 
Research and development708 665 
Sales and marketing959 917 
General and administrative236 246 
Operating income559 418 
Investment income— 
Interest expense(50)(49)
Other income (expense), net(23)(6)
Income before income tax486 368 
Income tax provision (benefit)61 (18)
Net income$425 $386 
Net income per weighted-average share, basic for Classes A and B$1.01 $0.92 
Net income per weighted-average share, diluted for Classes A and B$1.01 $0.92 
Weighted-average shares, basic for Classes A and B419,116 418,383 
Weighted-average shares, diluted for Classes A and B422,038 421,513 
(1) Includes stock-based compensation as follows:
Cost of subscription and SaaS revenue$$
Cost of services revenue25 22 
Research and development127 125 
Sales and marketing75 72 
General and administrative31 49 

VMware, Inc.
(amounts in millions, except per share amounts, and shares in thousands)
April 30,January 29,
Current assets:
Cash and cash equivalents$5,594 $4,692 
Short-term investments120 23 
Accounts receivable, net of allowance of $5 and $51,532 1,929 
Due from related parties, net753 1,438 
Other current assets537 530 
Total current assets8,536 8,612 
Property and equipment, net1,343 1,334 
Other assets2,592 2,697 
Deferred tax assets5,815 5,781 
Intangible assets, net926 993 
Goodwill9,599 9,599 
Total assets$28,811 $29,016 
Current liabilities:
Accounts payable$205 $131 
Accrued expenses and other1,810 2,382 
Unearned revenue5,830 5,873 
Total current liabilities7,845 8,386 
Note payable to Dell270 270 
Long-term debt4,719 4,717 
Unearned revenue4,370 4,441 
Income tax payable816 805 
Operating lease liabilities891 891 
Other liabilities447 455 
Total liabilities19,358 19,965 
Stockholders’ equity:
Class A common stock, par value $0.01; authorized 2,500,000 shares; issued and outstanding 111,488 and 112,082 shares
Class B convertible common stock, par value $0.01; authorized 1,000,000 shares; issued and outstanding 307,222 shares
Additional paid-in capital1,960 1,985 
Accumulated other comprehensive loss(3)(5)
Retained earnings7,492 7,067 
Total stockholders’ equity9,453 9,051 
Total liabilities and stockholders’ equity$28,811 $29,016 

VMware, Inc.
(in millions)
Three Months Ended
April 30,May 1,
Operating activities:
Net income$425 $386 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 269 244 
Stock-based compensation263 272 
Deferred income taxes, net(48)(98)
Unrealized (gain) loss on equity securities, net35 (6)
(Gain) Loss on disposition of assets, revaluation and impairment, net
Changes in assets and liabilities, net of acquisitions:
Accounts receivable395 352 
Other current assets and other assets(161)(171)
Due to/from related parties, net685 690 
Accounts payable65 (10)
Accrued expenses and other liabilities(630)(249)
Income taxes payable80 15 
Unearned revenue(114)(53)
Net cash provided by operating activities1,266 1,374 
Investing activities:
Additions to property and equipment(70)(87)
Sales of investments in equity securities— 
Purchases of strategic investments— (5)
Proceeds from disposition of assets— 
Business combinations, net of cash acquired, and purchases of intangible assets(10)(38)
Net cash used in investing activities(72)(126)
Financing activities:
Proceeds from issuance of common stock131 106 
Net proceeds from issuance of long-term debt— 1,984 
Repurchase of common stock(371)(181)
Shares repurchased for tax withholdings on vesting of restricted stock(56)(115)
Principal payments on finance lease obligations(1)(1)
Net cash provided by (used in) financing activities(297)1,793 
Effect of exchange rate changes on cash, cash equivalents and restricted cash— (1)
Net increase in cash, cash equivalents and restricted cash897 3,040 
Cash, cash equivalents and restricted cash at beginning of the period4,770 3,031 
Cash, cash equivalents and restricted cash at end of the period$5,667 $6,071 
Supplemental disclosures of cash flow information:
Cash paid for interest$46 $74 
Cash paid for taxes, net38 76 
Non-cash items:
Changes in capital additions, accrued but not paid$$(7)

VMware, Inc.
(in millions)
Growth in Total Revenue Plus Sequential Change in Unearned Revenue
Three Months Ended
April 30,May 1,
Total revenue, as reported$2,994 $2,734 
Sequential change in unearned revenue(1)
Total revenue plus sequential change in unearned revenue$2,880 $2,684 
Change (%) over prior year, as reported%
Growth in License and Subscription and SaaS Revenue Plus Sequential Change in Unearned License and Subscription and SaaS Revenue
Three Months Ended
April 30,May 1,
Total license and subscription and SaaS revenue, as reported$1,387 $1,232 
Sequential change in unearned license and subscription and SaaS revenue(2)
67 41 
Total license and subscription and SaaS revenue plus sequential change in unearned license and subscription and SaaS revenue$1,454 $1,273 
Change (%) over prior year, as reported14 %
(1) Consists of the change in total unearned revenue from the preceding quarter. Total unearned revenue consists of current and non-current unearned revenue amounts presented in the consolidated balance sheets. 
(2) Consists of the change in unearned license and subscription and SaaS revenue from the preceding quarter. 
(in millions)
Growth in Remaining Performance Obligations
April 30,May 1,
Remaining performance obligations(3)
$11,032 $10,137 
Change (%) over prior year%
Remaining performance obligations, current(4)
$6,164 $5,518 
Change (%) over prior year12 %
(3) Remaining performance obligations represent the aggregate amount of the transaction price in contracts allocated to performance obligations not delivered, or partially undelivered, as of the end of the reporting period. Remaining performance obligations include unearned revenue, multi-year contracts with future installment payments and certain unfulfilled orders against accepted customer contracts at the end of any given period.
(4) Current remaining performance obligations represent the amount expected to be recognized as revenue over the next twelve months.

VMware, Inc.
(in millions)
April 30,January 29,October 30,July 31,May 1,January 31,
Unearned revenue as reported:
License $16 $15 $11 $11 $15 $19 
Subscription and SaaS2,064 1,998 1,596 1,619 1,579 1,534 
Software maintenance6,957 7,092 6,574 6,696 6,611 6,700 
Professional services1,163 1,209 1,054 1,059 1,013 1,015 
Total unearned revenue$10,200 $10,314 $9,235 $9,385 $9,218 $9,268 

VMware, Inc.
For the Three Months Ended April 30, 2021
(amounts in millions, except per share amounts, and shares in thousands)
Payroll Taxes
on Employee
Stock Transactions
Acquisition, Disposition
and Other
As Adjusted
Operating expenses:
Cost of license revenue$37 — — (11)— — — $26 
Cost of subscription and SaaS revenue$157 (5)— (42)— — — $109 
Cost of services revenue$337 (25)— — — — — $312 
Research and development $708 (127)— (2)— — — $578 
Sales and marketing $959 (75)(1)(22)— — — $863 
General and administrative $236 (31)— — — (22)— $183 
Realignment$— — — (1)— — $— 
Operating income $559 263 77 22 — $923 
Operating margin(2)
18.7 %8.8 %— %2.6 %— %0.7 %— 30.8 %
Other income (expense), net(3)
$(23)— — — — 36 — $12 
Income before income tax$486 263 77 58 — $885 
Income tax provision$61 80 $141 
Tax rate(2)
12.6 %16.0 %
Net income$425 263 77 58 (80)$744 
Net income per weighted-average share, diluted for Classes A and B(2)(4)
$1.01 $0.62 $— $0.18 $— $0.14 $(0.19)$1.76 
(1) Non-GAAP financial information for the quarter is adjusted for a tax rate equal to our annual estimated tax rate on non-GAAP income. This rate is based on our estimated annual GAAP income tax rate forecast, adjusted to account for items excluded from GAAP income in calculating the non-GAAP financial measures presented above as well as significant tax adjustments. Our estimated tax rate on non-GAAP income is determined annually and may be adjusted during the year to take into account events or trends that we believe materially impact the estimated annual rate including, but not limited to, significant changes resulting from tax legislation, material changes in the geographic mix of revenue and expenses, changes to our corporate structure and other significant events. Due to the differences in the tax treatment of items excluded from non-GAAP earnings, as well as the methodology applied to our estimated annual tax rates as described above, our estimated tax rate on non-GAAP income may differ from our GAAP tax rate and from our actual tax liabilities.
(2) Totals may not sum, due to rounding. Operating margin, tax rate and net income per weighted average share information are calculated based upon the respective underlying, non-rounded data.
(3) Non-GAAP adjustment to other income (expense), net includes gains or losses on investments in equity securities, whether realized or unrealized.
(4) Calculated based upon 422,038 diluted weighted-average shares for Classes A and B.

VMware, Inc.
For the Three Months Ended May 1, 2020
(amounts in millions, except per share amounts, and shares in thousands)
Payroll Taxes
on Employee
Stock Transactions
Acquisition, Disposition
and Other
As Adjusted
Operating expenses:
Cost of license revenue$40 — — (12)— — — $27 
Cost of subscription and SaaS revenue$126 (4)— (42)— — — $81 
Cost of services revenue$318 (22)— (1)— — — $295 
Research and development$665 (125)— — — — — $540 
Sales and marketing$917 (72)(3)(25)— (2)— $816 
General and administrative$246 (49)— — — (39)— $157 
Realignment$— — — (4)— — $— 
Operating income$418 272 80 41 — $818 
Operating margin(2)
15.3 %10.0 %0.1 %2.9 %0.1 %1.5 %— 29.9 %
Other income (expense), net(3)
$(6)— — — — (6)— $(12)
Income before income tax$368 272 80 35 — $762 
Income tax provision (benefit)$(18)140 $122 
Tax rate(2)
N/A16.0 %
Net income$386 272 80 35 (140)$640 
Net income per weighted-average share, diluted for Classes A and B(2)(4)
$0.92 $0.65 $0.01 $0.19 $0.01 $0.08 $(0.33)$1.52 
N/A - GAAP tax rate was not applicable due to the income tax benefit recorded for the three months ended May 1, 2020.
(1) Non-GAAP financial information for the quarter is adjusted for a tax rate equal to our annual estimated tax rate on non-GAAP income. This rate is based on our estimated annual GAAP income tax rate forecast, adjusted to account for items excluded from GAAP income in calculating the non-GAAP financial measures presented above as well as significant tax adjustments. Our estimated tax rate on non-GAAP income is determined annually and may be adjusted during the year to take into account events or trends that we believe materially impact the estimated annual rate including, but not limited to, significant changes resulting from tax legislation, material changes in the geographic mix of revenue and expenses, changes to our corporate structure and other significant events. Due to the differences in the tax treatment of items excluded from non-GAAP earnings, as well as the methodology applied to our estimated annual tax rates as described above, our estimated tax rate on non-GAAP income may differ from our GAAP tax rate and from our actual tax liabilities.
(2) Totals may not sum, due to rounding. Operating margin, tax rate and net income per weighted average share information are calculated based upon the respective underlying, non-rounded data.
(3) Non-GAAP adjustment to other income (expense), net includes gains or losses on investments in equity securities, whether realized or unrealized.
(4) Calculated based upon 421,513 diluted weighted-average shares for Classes A and B.

VMware, Inc.
(in millions)
Three Months Ended
April 30,May 1,
License$646 $660 
Subscription and SaaS741 572 
Total license and subscription and SaaS1,387 1,232 
Software maintenance1,321 1,245 
Professional services286 257 
Total services1,607 1,502 
Total revenue$2,994 $2,734 
Percentage of revenue:
License21.6 %24.1 %
Subscription and SaaS24.7 %21.0 %
Total license and subscription and SaaS46.3 %45.1 %
Software maintenance44.1 %45.5 %
Professional services9.6 %9.4 %
Total services53.7 %54.9 %
Total revenue100.0 %100.0 %

VMware, Inc.
(in millions)
Three Months Ended
April 30,May 1,
United States$1,466 $1,363 
International1,528 1,371 
Total revenue$2,994 $2,734 
Percentage of revenue:
United States49.0 %49.9 %
International51.0 %50.1 %
Total revenue100.0 %100.0 %

VMware, Inc.
(in millions)
Three Months Ended
April 30,May 1,
GAAP cash flows from operating activities$1,266 $1,374 
Capital expenditures(70)(87)
Free cash flows$1,196 $1,287 

VMware, Inc.
About Non-GAAP Financial Measures

To provide investors and others with additional information regarding VMware’s results, VMware has disclosed in this earnings release the following non-GAAP financial measures: non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, non-GAAP net income per diluted share and free cash flow. VMware has provided a reconciliation of each non-GAAP financial measure used in this earnings release to the most directly comparable GAAP financial measure. These non-GAAP financial measures, other than free cash flow, differ from GAAP in that they exclude stock-based compensation, employer payroll taxes on employee stock transactions, amortization of acquired intangible assets, realignment charges, acquisition, disposition and other items, and discrete items that impacted our GAAP tax rate, each as discussed below. Our non-GAAP financial measures also reflect the application of our non-GAAP tax rate. Free cash flow differs from GAAP cash flow from operating activities with respect to the treatment of capital expenditures.

VMware’s management uses these non-GAAP financial measures to understand and compare operating results across accounting periods, for internal budgeting and forecasting purposes, for short- and long-term operating plans, to calculate bonus payments and to evaluate VMware’s financial performance, the performance of its individual functional groups and the ability of operations to generate cash. Management believes these non-GAAP financial measures reflect VMware’s ongoing business in a manner that allows for meaningful period-to-period comparisons and analysis of trends in VMware’s business, as they exclude charges and gains that are not reflective of ongoing operating results. Management also believes that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating VMware’s operating results and future prospects in the same manner as management and in comparing financial results across accounting periods and to those of peer companies. Additionally, management believes information regarding free cash flow provides investors and others with an important perspective on the cash available to make strategic acquisitions and investments, to repurchase shares, to fund ongoing operations and to fund other capital expenditures.

Management believes these non-GAAP financial measures are useful to investors and others in assessing VMware’s operating performance due to the following factors:

Stock-based compensation. Stock-based compensation is generally fixed at the time the stock-based instrument is granted and amortized over a period of several years. Although stock-based compensation is an important aspect of the compensation of VMware’s employees and executives, the expense for the fair value of the stock-based instruments VMware utilizes may bear little resemblance to the actual value realized upon the vesting or future exercise of the related stock-based awards. Management believes it is useful to exclude stock-based compensation in order to better understand the long-term performance of VMware’s core business.

Employer payroll taxes on employee stock transactions. The amount of employer payroll taxes on stock-based compensation is dependent on VMware’s stock price and other factors that are beyond VMware’s control and do not correlate to the operation of the business.

Amortization of acquired intangible assets. A portion of the purchase price of VMware’s acquisitions is generally allocated to intangible assets, such as intellectual property, and is subject to amortization. However, VMware does not acquire businesses on a predictable cycle. Additionally, the amount of an acquisition’s purchase price allocated to intangible assets and the term of its related amortization can vary significantly and are unique to each acquisition. Therefore, VMware believes that the presentation of non-GAAP financial measures that adjust for the amortization of intangible assets provides investors and others with a consistent basis for comparison across accounting periods.

Realignment charges. Realignment charges include workforce reductions, asset impairments, losses on asset disposals and costs to exit facilities. VMware’s management believes it is useful to exclude these items, when significant, as they are not reflective of VMware’s core business and operating results.

Acquisition, disposition and other items. As VMware does not acquire or dispose of businesses on a predictable cycle and the terms of each transaction can vary significantly and are unique to each transaction, VMware believes it is useful to exclude acquisition, disposition and other items when looking for a consistent basis for comparison across accounting periods. These items include:
Direct costs of acquisitions and dispositions, such as transaction and advisory fees.
Costs associated with integrating acquired businesses.
Accruals for the portion of merger consideration payable in installments that may be paid in cash or VMware stock, at the option of VMware.
Gains or losses on investments in equity securities, whether realized or unrealized.

VMware, Inc.
Charges recognized for non-recoverable strategic investments or gains recognized on the disposition of strategic investments.
Gains or losses on sale or disposal of distinct lines of business or product offerings, or transactions with features similar to discontinued operations, including recoveries or charges recognized to adjust the fair value of assets that qualify as “held for sale.”

Certain litigation and other contingencies. VMware, from time to time, may incur charges or benefits that are outside of the ordinary course of VMware’s business related to litigation and other contingencies. VMware believes it is useful to exclude such charges or benefits because it does not consider such amounts to be part of the ongoing operation of VMware’s business and because of the singular nature of the claims underlying such matters.

Tax adjustment. Non-GAAP financial information for the quarter is adjusted for a tax rate equal to VMware’s annual estimated tax rate on non-GAAP income. This rate is based on VMware’s estimated annual GAAP income tax rate forecast, adjusted to account for items excluded from GAAP income in calculating VMware’s non-GAAP income as well as significant tax adjustments. VMware’s estimated tax rate on non-GAAP income is determined annually and may be adjusted during the year to take into account events or trends that VMware management believes materially impact the estimated annual rate including, but not limited to, significant changes resulting from tax legislation, material changes in the geographic mix of revenue and expenses, changes to our corporate structure and other significant events. Due to the differences in the tax treatment of items excluded from non-GAAP earnings, as well as the methodology applied to VMware’s estimated annual tax rates as described above, the estimated tax rate on non-GAAP income may differ from the GAAP tax rate and from VMware’s actual tax liabilities.

Additionally, VMware’s management believes that the non-GAAP financial measure of free cash flow is meaningful to investors because management reviews cash flow generated from operations after taking into consideration capital expenditures due to the fact that these expenditures are considered to be a necessary component of ongoing operations.

The use of non-GAAP financial measures has certain limitations because they do not reflect all items of income and expense that affect VMware’s operations. Specifically, in the case of stock-based compensation, if VMware did not pay out a portion of its compensation in the form of stock-based compensation and related employer payroll taxes, the cash salary expense included in operating expenses would be higher, which would affect VMware’s cash position. VMware compensates for these limitations by reconciling the non-GAAP financial measures to the most comparable GAAP financial measures. These non-GAAP financial measures should be considered in addition to, not as a substitute for or in isolation from, measures prepared in accordance with GAAP and should not be considered measures of VMware’s liquidity. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore comparability may be limited.
Management encourages investors and others to review VMware’s financial information in its entirety and not rely on a single financial measure.

EX-101.SCH 3 vmw-20210527.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 0001001 - Document - Cover Page link:presentationLink link:calculationLink link:definitionLink EX-101.LAB 4 vmw-20210527_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Document Type Document Type Entity Address, Postal Zip Code Entity Address, Postal Zip Code Local Phone Number Local Phone Number Amendment Flag Amendment Flag City Area Code City Area Code Written Communications Written Communications Title of 12(b) Security Title of 12(b) Security Entity Address, State or Province Entity Address, State or Province Security Exchange Name Security Exchange Name Soliciting Material Soliciting Material Document Period End Date Document Period End Date Entity Address, City or Town Entity Address, City or Town Entity Tax Identification Number Entity Tax Identification Number Cover [Abstract] Cover [Abstract] Pre-commencement Issuer Tender Offer Pre-commencement Issuer Tender Offer Pre-commencement Tender Offer Pre-commencement Tender Offer Entity Incorporation, State or Country Code Entity Incorporation, State or Country Code Entity Address, Address Line One Entity Address, Address Line One Entity Emerging Growth Company Entity Emerging Growth Company Entity Registrant Name Entity Registrant Name Entity File Number Entity File Number Entity Central Index Key Entity Central Index Key Trading Symbol Trading Symbol EX-101.PRE 5 vmw-20210527_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT XML 6 vmw-20210527_htm.xml IDEA: XBRL DOCUMENT 0001124610 2021-05-27 2021-05-27 0001124610 false 8-K 2021-05-27 VMWARE, INC. DE 001-33622 94-3292913 3401 Hillview Avenue Palo Alto CA 94304 650 427-5000 false false false false Class A common stock VMW NYSE false XML 7 R1.htm IDEA: XBRL DOCUMENT v3.21.1
Cover Page
May 27, 2021
Cover [Abstract]  
Document Type 8-K
Entity Emerging Growth Company false
Title of 12(b) Security Class A common stock
Written Communications false
Entity Address, Address Line One 3401 Hillview Avenue
Entity Incorporation, State or Country Code DE
Entity File Number 001-33622
Entity Tax Identification Number 94-3292913
Entity Address, City or Town Palo Alto
Entity Address, State or Province CA
Entity Address, Postal Zip Code 94304
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Trading Symbol VMW
Security Exchange Name NYSE
Document Period End Date May 27, 2021
Entity Registrant Name VMWARE, INC.
City Area Code 650
Local Phone Number 427-5000
Entity Central Index Key 0001124610
Amendment Flag false
EXCEL 8 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 9 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 10 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ .report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } .report table.authRefData a { display: block; font-weight: bold; } .report table.authRefData p { margin-top: 0px; } .report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } .report table.authRefData .hide a:hover { background-color: #2F4497; } .report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } .report table.authRefData table{ font-size: 1em; } /* Report Styles */ .pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ .report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } .report hr { border: 1px solid #acf; } /* Top labels */ .report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } .report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } .report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } .report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } .report td.pl div.a { width: 200px; } .report td.pl a:hover { background-color: #ffc; } /* Header rows... */ .report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ .report .rc { background-color: #f0f0f0; } /* Even rows... */ .report .re, .report .reu { background-color: #def; } .report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ .report .ro, .report .rou { background-color: white; } .report .rou td { border-bottom: 1px solid black; } .report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ .report .fn { white-space: nowrap; } /* styles for numeric types */ .report .num, .report .nump { text-align: right; white-space: nowrap; } .report .nump { padding-left: 2em; } .report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ .report .text { text-align: left; white-space: normal; } .report .text .big { margin-bottom: 1em; width: 17em; } .report .text .more { display: none; } .report .text .note { font-style: italic; font-weight: bold; } .report .text .small { width: 10em; } .report sup { font-style: italic; } .report .outerFootnotes { font-size: 1em; } XML 11 FilingSummary.xml IDEA: XBRL DOCUMENT 3.21.1 html 1 96 1 false 0 0 false 0 false false R1.htm 0001001 - Document - Cover Page Sheet http://www.vmware.com/role/CoverPage Cover Page Cover 1 false false All Reports Book All Reports vmw-20210527.htm pressreleasefinancials_430.htm vmw-20210527.xsd vmw-20210527_lab.xml vmw-20210527_pre.xml http://xbrl.sec.gov/dei/2020-01-31 true false JSON 13 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "vmw-20210527.htm": { "axisCustom": 0, "axisStandard": 0, "contextCount": 1, "dts": { "inline": { "local": [ "vmw-20210527.htm" ] }, "labelLink": { "local": [ "vmw-20210527_lab.xml" ], "remote": [ "https://xbrl.sec.gov/dei/2020/dei-doc-2020-01-31.xml" ] }, "presentationLink": { "local": [ "vmw-20210527_pre.xml" ] }, "referenceLink": { "remote": [ "https://xbrl.sec.gov/dei/2020/dei-ref-2020-01-31.xml" ] }, "schema": { "local": [ "vmw-20210527.xsd" ], "remote": [ "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd", "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/deprecated-2009-12-16.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd" ] } }, "elementCount": 23, "entityCount": 1, "hidden": { "http://xbrl.sec.gov/dei/2020-01-31": 2, "total": 2 }, "keyCustom": 0, "keyStandard": 96, "memberCustom": 0, "memberStandard": 0, "nsprefix": "vmw", "nsuri": "http://www.vmware.com/20210527", "report": { "R1": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "vmw-20210527.htm", "contextRef": "ibbe74228d6ba45d29e205af17e690a53_D20210527-20210527", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "0001001 - Document - Cover Page", "role": "http://www.vmware.com/role/CoverPage", "shortName": "Cover Page", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "vmw-20210527.htm", "contextRef": "ibbe74228d6ba45d29e205af17e690a53_D20210527-20210527", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 0, "tag": { "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag", "terseLabel": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.vmware.com/role/CoverPage" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Area code of city", "label": "City Area Code", "terseLabel": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.vmware.com/role/CoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Cover page.", "label": "Cover [Abstract]", "terseLabel": "Cover [Abstract]" } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "xbrltype": "stringItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is YYYY-MM-DD.", "label": "Document Period End Date", "terseLabel": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.vmware.com/role/CoverPage" ], "xbrltype": "dateItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type", "terseLabel": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.vmware.com/role/CoverPage" ], "xbrltype": "submissionTypeItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address, Address Line One", "terseLabel": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.vmware.com/role/CoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address, City or Town", "terseLabel": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.vmware.com/role/CoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address, Postal Zip Code", "terseLabel": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.vmware.com/role/CoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address, State or Province", "terseLabel": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.vmware.com/role/CoverPage" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key", "terseLabel": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.vmware.com/role/CoverPage" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company", "terseLabel": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.vmware.com/role/CoverPage" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number", "terseLabel": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.vmware.com/role/CoverPage" ], "xbrltype": "fileNumberItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation, State or Country Code", "terseLabel": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.vmware.com/role/CoverPage" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name", "terseLabel": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.vmware.com/role/CoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number", "terseLabel": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.vmware.com/role/CoverPage" ], "xbrltype": "employerIdItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number", "terseLabel": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.vmware.com/role/CoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre-commencement Issuer Tender Offer", "terseLabel": "Pre-commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.vmware.com/role/CoverPage" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r3" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre-commencement Tender Offer", "terseLabel": "Pre-commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.vmware.com/role/CoverPage" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r0" ], "lang": { "en-us": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Title of 12(b) Security", "terseLabel": "Title of 12(b) Security" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.vmware.com/role/CoverPage" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name", "terseLabel": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.vmware.com/role/CoverPage" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r4" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material", "terseLabel": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.vmware.com/role/CoverPage" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol", "terseLabel": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.vmware.com/role/CoverPage" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r6" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications", "terseLabel": "Written Communications" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2020-01-31", "presentation": [ "http://www.vmware.com/role/CoverPage" ], "xbrltype": "booleanItemType" } }, "unitCount": 0 } }, "std_ref": { "r0": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b" }, "r1": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1" }, "r2": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c" }, "r3": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b" }, "r4": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12" }, "r5": { "Name": "Regulation 12B", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r6": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425" } }, "version": "2.1" } ZIP 14 0001124610-21-000023-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001124610-21-000023-xbrl.zip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