Summary - Funding Rounds

Founding Date

1995
Brocade is a subsidiary of Broadcom

Brocade Revenue Breakdown

Embed Graph

Brocade revenue breakdown by business segment: 16.5% from Global Services, 31.1% from IP Networking Products and 52.4% from SAN Products

Brocade Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016

Revenue

2.2 b2.3 b2.3 b

Revenue growth, %

2%4%

Cost of goods sold

592.4 m587.5 m829.3 m

Gross profit

1.6 b1.7 b1.5 b

Gross profit Margin, %

73%74%65%

EBIT

492.7 m307.1 m

EBIT margin, %

22%13%

Interest expense

36.8 m55.6 m49.3 m

Interest income

1.9 m5.3 m

Pre tax profit

439.1 m262 m

Income tax expense

115.7 m98.7 m48.1 m

Net Income

340.4 m213.9 m

Quarterly

USDQ1, 2014Q3, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

564.5 m545.5 m536.9 m551.8 m576.2 m546.6 m574.3 m523.3 m590.7 m581 m553 m549 m

Cost of goods sold

191.9 m183.8 m182.6 m179.9 m186.6 m174.4 m185.5 m173 m233.8 m214 m210 m198 m

Gross profit

372.7 m361.7 m354.3 m371.9 m389.7 m372.2 m388.8 m350.3 m356.9 m367 m343 m351 m

Gross profit Margin, %

66%66%66%67%68%68%68%67%60%63%62%64%

Sales and marketing expense

132.7 m137.3 m139.6 m144.9 m140.2 m143.1 m151.8 m148.9 m168 m180 m172 m154 m

R&D expense

87.2 m84.2 m90.6 m85.1 m85.2 m91.9 m93.3 m89.3 m115 m124 m120 m117 m

General and administrative expense

20.1 m22.1 m21.1 m20.4 m24.7 m20.7 m22.4 m22.8 m33 m33.5 m31 m27.6 m

Operating expense total

251.2 m243.8 m334.1 m252.1 m250.3 m258 m267.8 m267.6 m336.3 m363 m349 m371 m

EBIT

121.5 m117.9 m20.2 m119.8 m139.4 m114.2 m121 m82.7 m20.6 m4.3 m(5.9 m)(19.9 m)

EBIT margin, %

22%22%4%22%24%21%21%16%3%1%(1%)(4%)

Interest expense

9.2 m9.2 m9.2 m9.8 m25.4 m10.6 m9.9 m10 m13.5 m15.5 m15.9 m15.9 m

Interest income

1.3 m5.3 m20 k947 k466 k669 k1.1 m1.6 m458 k2.1 m2.6 m

Pre tax profit

111 m114 m10.9 m111 m113.4 m104.1 m111.8 m73.8 m8.7 m(10.7 m)(19.8 m)(33.2 m)

Income tax expense

30.1 m26.7 m24.6 m19.4 m26.2 m27.1 m18.1 m30.7 m(1.8 m)(4.9 m)(8.8 m)(13.6 m)

Net Income

80.9 m87.4 m(13.7 m)91.7 m87.3 m77 m93.6 m43.1 m10.5 m(5.8 m)(11 m)(19.6 m)

Brocade Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

987 m1.3 b1.4 b1.3 b

Inventories

45.3 m38.7 m40.5 m69.4 m

Current Assets

1.4 b1.7 b1.9 b1.7 b

PP&E

472.9 m445.4 m439.2 m455.3 m

Goodwill

1.6 b1.6 b1.6 b2.3 b

Total Assets

3.6 b3.7 b4 b4.9 b

Accounts Payable

88.2 m93.7 m98.1 m128.7 m

Short-term debt

3 m76.7 m

Current Liabilities

560.7 m587.3 m562.4 m694.7 m

Long-term debt

596.2 m595.5 m795.8 m1.5 b

Total Debt

599.2 m1.6 b

Total Liabilities

2.4 b

Additional Paid-in Capital

1.9 b1.8 b1.6 b1.5 b

Retained Earnings

444.7 m652.2 m925.1 m1.1 b

Total Equity

2.5 b2.5 b

Debt to Equity Ratio

0.6 x

Debt to Assets Ratio

0.2 x0.3 x

Financial Leverage

1.6 x1.9 x

Quarterly

USDQ1, 2014Q3, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

998.7 m1.1 b1.1 b1.3 b1.4 b1.4 b1.4 b1.4 b1.2 b1.2 b1.3 b1.2 b

Inventories

43.2 m40.6 m40.8 m40.5 m40.3 m41.4 m42.6 m39.5 m81.2 m79.5 m78.5 m70.5 m

Current Assets

1.4 b1.5 b1.5 b1.7 b2.1 b1.8 b1.7 b1.7 b1.6 b1.6 b1.7 b1.7 b

PP&E

459.4 m448.2 m452.7 m440.3 m442.6 m439.8 m442.2 m441.7 m459.8 m447.2 m434.8 m416.2 m

Goodwill

1.6 b1.6 b1.6 b1.6 b1.6 b1.6 b1.6 b1.6 b2.3 b2.3 b2.3 b2.3 b

Total Assets

3.6 b3.6 b3.6 b3.9 b4.2 b3.9 b3.9 b4 b4.9 b4.9 b4.9 b4.8 b

Accounts Payable

78.6 m84.2 m80 m95.8 m88.2 m91.9 m74 m97.5 m121.1 m85 m112 m97.1 m

Short-term debt

3 m1.8 m2.3 m300.8 m76.6 m76.7 m76.8 m76.7 m

Current Liabilities

490.7 m504.4 m522.2 m492.1 m806 m544.1 m484.8 m530.3 m701.2 m629.5 m688.6 m595.1 m

Long-term debt

595.7 m595.4 m595.5 m791.6 m783.6 m787.6 m798.1 m802.5 m1.5 b1.5 b1.5 b1.5 b

Total Debt

598.7 m597.2 m597.7 m791.6 m1.1 b787.6 m798.1 m802.5 m1.6 b1.6 b1.5 b1.5 b

Total Liabilities

1.2 b1.3 b1.3 b1.4 b1.7 b1.5 b1.4 b1.5 b2.4 b2.3 b2.3 b2.2 b

Additional Paid-in Capital

1.8 b1.8 b1.8 b1.6 b1.7 b1.7 b1.5 b1.5 b1.5 b1.6 b1.6 b1.6 b

Retained Earnings

525.5 m583.9 m511.9 m859.4 m724.4 m786.7 m1 b1 b1 b1 b993.8 m951.6 m

Total Equity

2.5 b2.5 b2.5 b2.5 b2.6 b2.6 b2.5 b

Financial Leverage

1.6 x1.6 x1.6 x2 x1.9 x1.9 x1.9 x

Brocade Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

208.6 m238 m340.4 m213.9 m

Depreciation and Amortization

184.1 m100.6 m2.6 m15.7 m

Accounts Receivable

(26 m)17.1 m(16 m)(9.4 m)

Inventories

24.2 m6.6 m(1.8 m)3.6 m

Accounts Payable

(28.9 m)2.3 m107 k15.8 m

Cash From Operating Activities

451 m541.6 m447.5 m409.9 m

Purchases of PP&E

(52.4 m)(54.7 m)(68.7 m)(77 m)

Cash From Investing Activities

(27 m)(50.8 m)(172.4 m)(493.8 m)

Cash From Financing Activities

(149.4 m)(219.7 m)(83.7 m)(97.8 m)

Interest Paid

39.8 m34.7 m29.6 m28.3 m

Income Taxes Paid

14.5 m22.2 m41.4 m49.9 m

Quarterly

USDQ1, 2014Q3, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

80.9 m87.4 m(13.7 m)91.7 m87.3 m77 m93.6 m43.1 m10.5 m(5.8 b)(11 b)

Depreciation and Amortization

131 k889 k138 k627 k902 k902 k5.5 m7.6 b7.6 b

Inventories

40.5 m42.6 m39.5 m81.2 m79.5 m78.5 m

Accounts Payable

95.8 m74 m97.5 m121.1 m85 m112 m
Report incorrect company information

Brocade Operating Metrics

FY, 2014FY, 2015FY, 2016

Patents (US)

22 620 774

Patents (foreign)

330 28 110

Patents Pending

550 362 420
Report incorrect company information