BROCADE COMMUNICATIONS SYSTEMS INC (BRCD) [Rocket]

In millions, except per share items	Oct-29-16	Oct-31-15	Nov-01-14	Oct-26-13	Oct-27-12	Oct-29-11	Oct-30-10	Oct-31-09
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
SAN Products	1,229.2	1,301.2	1,327.0	1,318.5	1,356.1	1,238.0	1,240.6
IP Networking Products	730.4	601.2	525.2	552.1	534.8	551.8	488.2
Global Services	386.0	361.1	359.1	352.3	346.9	357.6	362.3	337.4
Other								1,613.0
Total revenues [+]	2,345.6	2,263.5	2,211.3	2,222.9	2,237.8	2,147.4	2,091.2	1,950.4
Products	1,959.6	1,902.4	1,852.2	1,870.6	1,890.9	1,789.8	1,728.8	1,613.0
Services	386.0	361.1	359.1	352.3	346.9	357.6	362.3	337.4
Revenue growth [+]	3.6%	2.4%	-0.5%	-0.7%	4.2%	2.7%	7.2%	33.0%
SAN Products	-5.5%	-1.9%	0.6%	-2.8%	9.5%	-0.2%
IP Networking Products	21.5%	14.5%	-4.9%	3.2%	-3.1%	13.0%
Global Services	6.9%	0.6%	1.9%	1.6%	-3.0%	-1.3%	7.4%	42.9%
Ethernet Products								6349.4%
Cost of goods sold [+]	829.3	735.4	745.5	814.0	2,564.3	2,591.7	2,580.1	2,869.8
Cost of product sales	657.2	587.5	592.4	658.4	689.9	677.2	683.5	1,613.0
Cost of services	172.1	147.9	153.0	155.6	164.9	186.7	176.5	337.4
Gross profit	1,516.3	1,528.1	1,465.8	1,408.9	-326.5	-444.3	-488.9	-919.4
Gross margin	64.6%	67.5%	66.3%	63.4%	-14.6%	-20.7%	-23.4%	-47.1%
Selling, general and administrative [+]	752.0	672.9	639.5	642.2	683.1	678.0	602.3	470.1
Sales and marketing	641.4	585.2	554.5	567.6	608.5	608.5	534.5	385.2
General and administrative	110.6	87.6	84.9	74.5	74.6	69.5	67.8	85.0
Research and development	413.2	356.7	345.5	378.5	363.1	354.4	354.3	354.8
Other operating expenses	15.7	2.6	10.3	49.2	-1,650.3	-1,667.1	-1,654.4	-1,879.3
EBITDA [+]	459.8	580.8	571.2	523.1	469.9	396.8	408.6	331.6
EBITDA growth	-20.8%	1.7%	9.2%	11.3%	18.4%	-2.9%	23.2%	67.2%
EBITDA margin	19.6%	25.7%	25.8%	23.5%	21.0%	18.5%	19.5%	17.0%
Depreciation	108.7	82.3	90.4	129.9	133.0	145.6	72.8	62.1
EBITA	351.1	498.5	480.8	393.3	336.8	251.1	335.8	269.5
EBITA margin	15.0%	22.0%	21.7%	17.7%	15.1%	11.7%	16.1%	13.8%
Amortization of intangibles	15.7	2.6	10.3	54.3	59.2	60.7	126.9	134.5
EBIT [+]	335.4	495.9	470.5	339.0	277.6	190.4	208.9	135.0
EBIT growth	-32.4%	5.4%	38.8%	22.1%	45.8%	-8.9%	54.8%	72.8%
EBIT margin	14.3%	21.9%	21.3%	15.3%	12.4%	8.9%	10.0%	6.9%
Non-recurring items [+]	28.3	3.3	84.4	30.5	-0.1	12.9	1.1	109.3
Asset impairment	-0.6	-0.7	89.3	25.5	-0.1	0.1	1.1	53.3
Restructuring charges	28.9	3.9						5.1
Loss (gain) on sale of assets							-8.6	-0.6
Loss (gain) on disposal of assets			-4.9			12.8
Legal settlement								23.9
In-process research & development								26.9
Interest expense, net [+]	44.1	53.7	36.1	53.9	51.8	97.2	85.1	94.4
Interest expense	49.3	55.6	36.8	55.3	52.5	97.8	85.9	99.3
Interest income	5.3	1.9	0.7	1.4	0.7	0.6	0.8	4.9
Other income (expense), net [+]	-1.0	0.1	3.6	75.8	-1.5	-0.9	-15.8	-7.9
Other	-1.0	0.1	3.6	75.8	-1.5	-0.9	-7.2	-7.3
Pre-tax income	262.0	439.1	353.6	330.5	224.4	79.4	107.0	-76.6
Income taxes	48.1	98.7	115.7	121.8	29.2	28.8	-9.6	6.6
Tax rate	18.4%	22.5%	32.7%	36.9%	13.0%	36.3%
Minority interest	0.1
Net income	213.8	340.4	238.0	208.6	195.2	50.6	116.5	-83.2
Net margin	9.1%	15.0%	10.8%	9.4%	8.7%	2.4%	5.6%	-4.3%

Basic EPS [+]	$0.52	$0.81	$0.55	$0.46	$0.43	$0.11	$0.26	($0.21)
Growth	-35.4%	48.1%	18.1%	8.3%	300.5%	-59.1%	-225.0%	-146.8%
Diluted EPS [+]	$0.51	$0.79	$0.53	$0.45	$0.41	$0.10	$0.24	($0.21)
Growth	-35.2%	48.4%	18.4%	8.9%	305.8%	-57.8%	-215.8%	-148.0%

Dividends per share [+]	$0.20	$0.16	$0.07
Growth	25.0%	128.6%

Shares outstanding (basic) [+]	409.1	420.3	435.3	450.5	456.6	474.3	447.0	398.9
Growth	-2.7%	-3.4%	-3.4%	-1.3%	-3.7%	6.1%	12.0%	6.3%
Shares outstanding (diluted) [+]	417.1	430.6	446.9	463.7	472.3	497.0	482.7	398.9
Growth	-3.1%	-3.6%	-3.6%	-1.8%	-5.0%	3.0%	21.0%	3.5%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.