Symantec 1999 Annual Report Download - page 49

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35
Item 8: Financial Statements and Supplementary Data.
Annual Financial Statements . See Part IV, Item 14 of this Form 10-K.
Selected Quarterly Data .
We have a 52/53-week fiscal accounting year. Accordingly, we have presented quarterly fiscal periods comprised of
13 weeks, with the exception of the quarter ended June 30, 1997, which was comprised of 14 weeks.
(In thousands, except net income per share; unaudited)
Fiscal 1999 Fiscal 1998
Mar. 31, Dec. 31, Sep. 30, Jun. 30, Mar. 31, Dec. 31, Sep. 30, Jun. 30,
1999 1998 1998 1998 1998 1997 1997 1997
Net revenues $169,618 $155,206 $130,034 $137,770 $142,792 $137,784 $129,305 $123,059
Gross margin 141,168 128,718 108,697 117,487 121,261 115,193 106,916 102,139
Acquisition,
restructuring and
other expenses ** 740 7,560 10,122 19,973 -- -- -- --
Net income 24,758 15,883 1,945 7,615 24,138 21,836 20,580 18,535
Net income per share -
basic $0.44 $0.29 $0.03 $0.13 $0.43 $0.39 $0.37 $0.33
diluted $0.43 $0.28 $0.03 $0.13 $0.40 $0.37 $0.35 $0.32
** Acquisition, restructuring and other expenses, net income and net income per share are different from the
amounts previously reported on Symantec’s Form 10-Qs for fiscal 1999 as a result of changes in the companies
allocation of purchase price in connection with the acquisition of Binary’s operations and IBM’s anti-virus
business. See Note 14 of Notes to Consolidated Financial Statements.
Note: Additionally, we have reclassified our financial results related to the sale of certain product lines and
technologies. There was no impact to our net income, we have restated our Form 10-Qs for fiscal 1999 and 1998
financials to reflect the reclassifications from net revenue to income, net of expense, from sale of technologies and
product lines. See further discussion in our Summary of Significant Accounting Policies section in this Form 10-
K.
Item 9: Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure.
None.