Symantec 2001 Annual Report Download - page 14

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selected financial data
The following selected financial data is qualified in its entirety by and
should be read in conjunction with the more detailed consolidated
financial statements and related notes included elsewhere herein.
During fiscal 2001, we acquired AXENT Technologies, Inc. (“AXENT”).
During fiscal 2000, we acquired URLabs, L-3 Network Security’s
operations and 20/20 Software. During fiscal 1999, we acquired
Quarterdeck, Intel’s and IBM’s anti-virus businesses and the operations
of Binary Research. Each of these acquisitions was accounted for as a
purchase and, accordingly, the operating results of these businesses
have been included in our consolidated financial statements since their
respective dates of acquisition. We did not complete any acquisitions
during fiscal 1998.
During fiscal 1997, we acquired Fast Track, Inc. in a transaction
accounted for as a pooling of interests. Since the results of operations
of Fast Track were not material to our consolidated financial state-
ments, amounts prior to the date of acquisition were not restated to
reflect the combined operations of the companies.
On December 31, 1999, we divested our Visual Café and ACT! product
lines. Because the divestitures of the Visual Café and ACT! product
lines were effective at the close of business on December 31, 1999,
these product lines are included in the results of operations through
that date for the year ended March 31, 2000.
symantec 2001__12
Five-Year Summary
Year Ended March 31
(In thousands, except net income per share) 2001 2000 1999 1998 1997
Statements of Income Data:
Net revenues $ 853,554 $ 745,725 $ 592,628 $ 532,940 $ 452,933
Amortization of goodwill 71,336 17,884 6,175 ——
Acquired in-process research and development 22,300 4,300 27,465 —3,050
Litigation judgment, restructuring and other expenses 3,664 9,018 10,930 —5,535
Operating income 109,600 135,203 27,841 54,924 17,550
Net income 63,936 170,148 50,201 85,089 26,068
Net income per share - basic $ 0.99 $ 2.94 $ 0.89 $ 1.52 $ 0.48
Net income per share - diluted $ 0.94 $ 2.73 $ 0.86 $ 1.42 $ 0.47
Shares used to compute net income per share - basic 64,737 57,870 56,601 56,097 54,705
Shares used to compute net income per share - diluted 68,237 62,214 59,289 60,281 55,407
March 31
(In thousands) 2001 2000 1999 1998 1997
Balance Sheet Data:
Working capital $ 369,184 $ 319,020 $ 94,036 $ 175,537 $ 129,569
Total assets 1,791,581 846,027 563,476 476,460 339,398
Long-term obligations, less current portion 2,363 1,553 1,455 5,951 15,066
Stockholders’equity 1,376,501 617,957 345,113 317,507 217,979