Conclusion
In conclusion, it is true that Brocade is a successful company. This is due to its increased realization of profits over the last few years. This is evidence from its financial statements including income statements, balance sheet as well as cash flow. From these financial statements, it is a clear indication that the company will move to greater heights in the near future.
By considering the above recommendations, the company can be able to overcome financial threats such as global competition, recession and higher interest. This will see the company realize significant profits in the near future.
References
Brocade announces Q4 and fiscal 2002 financial results. (2002, Nov 21). PR Newswire. Retrieved from http://search.proquest.com/docview/448912320?accountid=35812
Brocade communications systems. (2009). The IPO Reporter,, 1-6. Retrieved from http://search.proquest.com/docview/222519265?accountid=35812
Brocade communications systems assigned patent. (2012, Dec 27). Targeted News Service. Retrieved from http://search.proquest.com/docview/1259779604?accountid=35812
Brocade financial results: Retrieved from Http://www.brcd.com/results.cfm
Financials: Brocade communications systems inc. Pays fines. (2007, Jun 04). M2 Presswire. Retrieved from http://search.proquest.com/docview/444693785?accountid=35812
Hamblen, M. (2003). Brocade communications systems inc. Computerworld, 37(38), 26-26. Retrieved from http://search.proquest.com/docview/216110301?accountid=35812
Many financial threats on display. (2008, Sep 24). The Ledger. Retrieved from http://search.proquest.com/docview/390278553?accountid=35812
Appendices
Balance sheet
Period Ending
Oct 26, 2012
Oct 28, 2011
Oct 29, 2010
Assets
Current Assets
Cash and Cash Equivalents
713,226
414,202
333,984
Short-Term Investments
1,998
Net Receivables
324,678
302,745
388,481
Inventory
68,179
74,172
76,808
Other Current Assets
49,496
52,308
65,017
Total Current Assets
1,155,579
844,201
866,288
Long-Term Investments
Property Plant and Equipment
518,940
532,384
539,117
Goodwill
1,624,089
1,630,967
1,644,950
Intangible Assets
109,265
214,697
344,000
Accumulated Amortization
Other Assets
37,213
42,031
48,203
Deferred Long-Term Asset Charges
136,175
210,028
203,454
Total Assets
3,581,261
3,474,308
3,646,012
Liabilities
Current Liabilities
Accounts Payable
391,232
322,571
349,951
Short/Current Long-Term Debt
1,977
40,539
30,540
Other Current Liabilities
217,259
202,877
191,615
Total Current Liabilities
610,468
565,987
572,106
Long-Term Debt
599,203
748,904
899,273
Other Liabilities
58,863
76,255
73,986
Deferred Long-Term Liability Charges
76,907
69,024
65,242
Minority Interest
Negative Goodwill
Total Liabilities
1,345,441
1,460,170
1,610,607
Stockholders' Equity
Misc Stocks Options Warrants
Redeemable Preferred Stock
Preferred Stock
Common Stock
Retained Earnings
236,037
40,856
(9,754)
Treasury Stock
Capital Surplus
2,009,190
1,984,830
2,047,525
Other Stockholder Equity
(9,864)
(11,996)
(2,827)
Total Stockholder Equity
2,235,820
2,014,138
2,035,405
Net Tangible Assets
502,466
168,474
46,455
Income Statements
Period Ending
Oct 26, 2012
Oct 28, 2011
Oct 29, 2010
Total Revenue
2,237,770
2,147,442
2,091,153
Cost of Revenue
854,751
863,908
860,033
Gross Profit
1,383,019
1,283,534
1,231,120
Operating Expenses
Research Development
363,090
354,401
354,260
Selling General and Administrative
683,085
678,019
602,306
Non-Recurring
(89)
1,100
Others
59,204
60,713
65,623
Total Operating Expenses
1,105,290
1,093,258
1,023,289
Operating Income or Loss
277,729
177,520
207,831
Income from Continuing Operations
Total Other Income/Expenses Net
(840)
(13,010)
(15,003)
Earnings Before Interest and Taxes
276,889
177,266
192,828
Interest Expense
52,488
97,838
85,858
Income Before Tax
224,401
79,428
106,970
Income Tax Expense
29,220
28,818
(9,553)
Minority Interest
Net Income From Continuing Ops
195,181
50,610
116,523
Non-recurring Events
Discontinued Operations
Extraordinary Items
Effect of Accounting Changes
Other Items
Net Income
195,181
50,610
116,523
Preferred Stock and Other Adjustments
Net Income Applicable to Common Shares
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