Summary - Funding Rounds

Founding Date

1995

Total Funding

$300 m
In total, Brocade had raised $300 m. Brocade is a subsidiary of Broadcom

Brocade Revenue Breakdown

Embed Graph

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

Brocade Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016

Revenue

2.2b2.3b2.3b

Revenue growth, %

2%4%

Cost of goods sold

592.4m587.5m829.3m

Gross profit

1.6b1.7b1.5b

Gross profit Margin, %

73%74%65%

EBIT

492.7m307.1m

EBIT margin, %

22%13%

Interest expense

36.8m55.6m49.3m

Interest income

1.9m5.3m

Pre tax profit

439.1m262.0m

Income tax expense

115.7m98.7m48.1m

Net Income

340.4m213.9m

Quarterly

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

Revenue

564.5m545.5m536.9m551.8m576.2m546.6m574.3m523.3m590.7m581.0m553.0m549.0m

Cost of goods sold

191.9m183.8m182.6m179.9m186.6m174.4m185.5m173.0m233.8m214.0m210.0m198.0m

Gross profit

372.7m361.7m354.3m371.9m389.7m372.2m388.8m350.3m356.9m367.0m343.0m351.0m

Gross profit Margin, %

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

Sales and marketing expense

132.7m137.3m139.6m144.9m140.2m143.1m151.8m148.9m168.0m180.0m172.0m154.0m

R&D expense

87.2m84.2m90.6m85.1m85.2m91.9m93.3m89.3m115.0m124.0m120.0m117.0m

General and administrative expense

20.1m22.1m21.1m20.4m24.7m20.7m22.4m22.8m33.0m33.5m31.0m27.6m

Operating expense total

251.2m243.8m334.1m252.1m250.3m258.0m267.8m267.6m336.3m363.0m349.0m371.0m

EBIT

121.5m117.9m20.2m119.8m139.4m114.2m121.0m82.7m20.6m4.3m(5.9m)(19.9m)

EBIT margin, %

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

Interest expense

9.2m9.2m9.2m9.8m25.4m10.6m9.9m10.0m13.5m15.5m15.9m15.9m

Interest income

1.3m5.3m20.0k947.0k466.0k669.0k1.1m1.6m458.0k2.1m2.6m

Pre tax profit

111.0m114.0m10.9m111.0m113.4m104.1m111.8m73.8m8.7m(10.7m)(19.8m)(33.2m)

Income tax expense

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

Net Income

80.9m87.4m(13.7m)91.7m87.3m77.0m93.6m43.1m10.5m(5.8m)(11.0m)(19.6m)

Brocade Balance Sheet

Annual

USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

334.0m414.2m713.2m987.0m1.3b1.4b1.3b

Accounts Receivable

329.6m249.1m233.1m249.6m224.9m235.9m

Prepaid Expenses

105.9m49.5m42.8m46.7m56.2m

Inventories

76.8m74.2m68.2m45.3m38.7m40.5m69.4m

Current Assets

874.5m844.2m1.2b1.4b1.7b1.9b1.7b

PP&E

539.1m532.4m518.9m472.9m445.4m439.2m455.3m

Goodwill

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

Total Assets

3.7b3.5b3.6b3.6b3.7b4.0b4.9b

Accounts Payable

147.1m109.5m117.4m88.2m93.7m98.1m128.7m

Short-term debt

28.8m38.7m2.0m3.0m76.7m

Current Liabilities

569.3m566.0m610.5m560.7m587.3m562.4m694.7m

Long-term debt

6.8m748.9m599.2m596.2m595.5m795.8m1.5b

Total Debt

35.6m787.6m601.2m599.2m595.5m795.8m1.6b

Total Liabilities

1.6b1.5b1.3b1.3b1.3b1.5b2.4b

Common Stock

461.0k448.0k457.0k445.0k431.0k414.0k

Preferred Stock

Additional Paid-in Capital

2.0b2.0b2.0b1.9b1.8b1.6b1.5b

Retained Earnings

1.1m40.9m236.0m444.7m652.2m925.1m1.1b

Total Equity

2.0b2.0b2.2b2.3b2.4b2.5b2.5b

Debt to Equity Ratio

0.3 x0.3 x0.6 x

Debt to Assets Ratio

0.2 x0.2 x0.3 x

Financial Leverage

1.8 x1.7 x1.6 x1.5 x1.6 x1.6 x1.9 x

Quarterly

USDQ3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

292.5m414.2m463.6m472.6m484.2m544.3m580.6m683.6m764.3m790.1m998.7m1.1b1.1b1.4b1.4b1.3b1.4b1.4b1.2b1.2b1.3b1.2b

Accounts Receivable

296.5m277.5m302.8m296.0m219.4m217.8m231.2m216.7m239.3m218.5m218.3m193.8m191.8m239.8m185.1m199.9m174.8m204.9m278.2m262.4m260.3m292.0m

Prepaid Expenses

144.4m49.9m52.3m49.2m53.8m53.3m121.0m41.2m47.7m47.2m43.5m54.5m63.0m51.7m67.6m86.9m66.9m69.1m87.1m

Inventories

87.5m85.8m93.2m78.4m81.0m81.6m74.2m59.9m52.9m50.6m43.2m40.8m40.6m40.3m41.4m40.5m42.6m39.5m81.2m79.5m78.5m70.5m

Current Assets

815.3m911.5m997.1m992.2m895.1m958.8m991.4m1.4b1.2b1.2b1.4b1.5b1.5b2.1b1.8b1.7b1.7b1.7b1.6b1.6b1.7b1.7b

PP&E

516.7m540.4m539.3m534.2m528.1m527.2m523.4m510.3m500.0m487.9m459.4m452.7m448.2m442.6m439.8m440.3m442.2m441.7m459.8m447.2m434.8m416.2m

Goodwill

1.7b1.6b1.6b1.6b1.6b1.6b1.6b1.6b1.6b1.6b1.6b1.6b1.6b1.6b1.6b1.6b1.6b1.6b2.3b2.3b2.3b2.3b

Total Assets

3.6b3.7b3.7b3.7b3.5b3.5b3.5b3.8b3.5b3.5b3.6b3.6b3.6b4.2b3.9b3.9b3.9b4.0b4.9b4.9b4.9b4.8b

Accounts Payable

146.0m134.6m138.5m115.5m99.2m102.7m116.5m101.8m101.3m95.9m78.6m80.0m84.2m88.2m91.9m95.8m74.0m97.5m121.1m85.0m112.0m97.1m

Short-term debt

26.3m34.3m34.5m48.6m27.3m17.3m8.5m302.2m2.3m2.4m3.0m2.3m1.8m300.8m76.6m76.7m76.8m76.7m

Current Liabilities

542.4m563.0m603.5m532.3m532.5m553.1m555.4m828.2m549.2m502.6m490.7m522.2m504.4m806.0m544.1m492.1m484.8m530.3m701.2m629.5m688.6m595.1m

Long-term debt

7.0m6.4m5.9m788.9m692.2m652.4m621.2m597.4m597.0m596.5m595.7m595.5m595.4m783.6m787.6m791.6m798.1m802.5m1.5b1.5b1.5b1.5b

Total Debt

33.3m40.7m40.4m837.5m719.5m669.7m629.7m899.6m599.3m598.9m598.7m597.7m597.2m1.1b787.6m791.6m798.1m802.5m1.6b1.6b1.5b1.5b

Total Liabilities

1.6b1.6b1.5b1.5b1.4b1.3b1.3b1.6b1.3b1.2b1.2b1.3b1.3b1.7b1.5b1.4b1.4b1.5b2.4b2.3b2.3b2.2b

Common Stock

453.0k469.0k477.0k490.0k457.0k458.0k461.0k456.0k453.0k447.0k437.0k436.0k433.0k424.0k418.0k416.0k403.0k399.0k401.0k408.0k410.0k414.0k

Preferred Stock

Additional Paid-in Capital

2.0b2.1b2.1b2.2b2.0b2.1b2.0b2.0b2.0b1.9b1.8b1.8b1.8b1.7b1.7b1.6b1.5b1.5b1.5b1.6b1.6b1.6b

Retained Earnings

(22.3m)28.3m55.9m47.4m99.4m138.7m182.0m214.8m261.7m380.4m525.5m511.9m583.9m724.4m786.7m859.4m1.0b1.0b1.0b1.0b993.8m951.6m

Total Equity

2.0b2.1b2.2b2.2b2.1b2.2b2.2b2.2b2.2b2.3b2.3b2.3b2.3b2.4b2.5b2.5b2.5b2.5b2.5b2.6b2.6b2.5b

Debt to Equity Ratio

0.3 x0.3 x0.3 x0.4 x0.3 x0.3 x0.3 x0.3 x0.6 x0.6 x0.6 x0.6 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x0.3 x0.2 x0.2 x0.2 x0.2 x0.3 x0.3 x0.3 x0.3 x

Financial Leverage

1.8 x1.7 x1.7 x1.7 x1.6 x1.6 x1.6 x1.7 x1.6 x1.5 x1.5 x1.5 x1.5 x1.7 x1.6 x1.6 x1.6 x1.6 x2 x1.9 x1.9 x1.9 x

Brocade Cash Flow

Quarterly

USDQ3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

95.4m27.2m54.8m54.9m58.6m97.9m141.2m(21.3m)25.7m144.4m80.9m67.2m154.6m87.3m164.3m256.0m93.6m136.7m147.2m(5.8m)(16.9m)(36.4m)

Depreciation and Amortization

148.1m52.5m104.2m155.5m50.1m97.5m144.7m49.4m93.4m139.0m38.8m59.9m80.4m19.6m40.2m62.6m22.8m45.8m81.0m41.9m82.6m118.4m

Accounts Receivable

7.4m49.8m22.2m13.8m27.1m25.4m8.5m14.3m(10.6m)8.0m29.8m52.3m52.3m(17.3m)35.2m18.0m61.2m32.1m988.0k21.0m21.7m(16.6m)

Inventories

15.4m(10.3m)(17.7m)(2.9m)(6.8m)(7.4m)(2.1m)9.6m16.6m18.9m2.1m4.6m4.8m1.2m3.0m(1.8m)(2.0m)(424.0k)5.6m(10.7m)(2.2m)(6.0m)

Accounts Payable

30.1m(18.6m)(10.3m)(31.9m)(9.6m)(6.7m)8.5m(15.0m)(14.7m)(21.7m)(8.1m)(7.1m)(4.4m)(8.8m)(6.2m)2.3m(23.9m)(5.1m)5.5m(39.6m)(25.0m)(27.4m)

Cash From Operating Activities

192.1m118.2m231.9m243.0m127.1m267.3m380.4m59.5m179.1m281.3m109.5m277.7m383.7m10.4m212.3m267.2m112.2m224.6m252.9m(2.8m)105.2m44.6m

Purchases of PP&E

(156.0m)(23.4m)(50.6m)(76.7m)(17.6m)(38.3m)(56.0m)(18.5m)(31.6m)(41.9m)(13.0m)(27.4m)(41.2m)(16.5m)(34.1m)(53.1m)(23.8m)(42.4m)(59.8m)(12.3m)(19.9m)(28.6m)

Cash From Investing Activities

(124.0m)(23.4m)(50.6m)(75.1m)(17.8m)(38.2m)(56.0m)(63.1m)(76.2m)(86.6m)(2.7m)(17.4m)(20.4m)(24.0m)(137.0m)(156.8m)(23.6m)(52.2m)(476.1m)(12.1m)(19.6m)3.4m

Long-term Borrowings

(456.0k)(920.0k)(1.4m)(484.0k)(975.0k)(1.5m)(608.0k)(1.7m)(2.4m)(1.2m)(1.3m)(1.7m)(83.0k)(197.0k)(282.0k)

Dividends Paid

(15.3m)(15.1m)(29.9m)(48.8m)(18.4m)(36.4m)(61.7m)(22.3m)(44.8m)(67.4m)

Cash From Financing Activities

(105.4m)(14.7m)(53.0m)(30.1m)(37.4m)(97.4m)(153.7m)(25.8m)(50.1m)(114.9m)(94.2m)(110.2m)(201.2m)122.2m41.2m(40.8m)(136.2m)(186.0m)(63.7m)(10.9m)(42.9m)(127.4m)

Net Change in Cash

(41.7m)80.2m129.6m138.6m70.0m130.1m166.4m(29.6m)51.1m76.9m11.7m150.6m162.4m104.3m111.8m64.7m(48.9m)(13.2m)(287.8m)(26.8m)42.6m(77.7m)

Interest Paid

23.6m44.5m20.5m22.6m39.7m17.3m17.4m34.6m17.3m18.9m29.6m10.9m10.9m24.3m15.7m20.2m36.5m

Income Taxes Paid

474.0k3.2m1.8m8.6m14.9m4.1m16.4m20.9m13.1m23.6m35.4m4.8m31.7m46.2m2.1m2.6m5.3m

Brocade Operating Metrics

FY, 2014FY, 2015FY, 2016

Patents (Foreign)

22 28 110

Patents (US)

550 620 774

Patents Pending

550 362 420

Brocade Employee Rating

4.0905 votes
Culture & Values
3.8
Work/Life Balance
4.1
Senior Management
3.4
Salary & Benefits
4.1
Career Opportunities
3.4
Source