Symantec 2001 Annual Report Download - page 34

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SYMANTEC CORPORATION CONSOLIDATED STATEMENTS OF INCOME
Year Ended March 31
(In thousands, except net income per share) 2001 2000 1999
Net revenues $ 853,554 $ 745,725 $ 592,628
Cost of revenues 123,860 121,073 96,558
Gross margin 729,694 624,652 496,070
Operating expenses:
Research and development 126,673 108,425 101,563
Sales and marketing 349,921 306,755 286,144
General and administrative 44,784 42,150 35,722
Amortization of goodwill 71,336 17,884 6,175
Amortization of other intangibles from acquisitions 1,416 917 230
Acquired in-process research and development 22,300 4,300 27,465
Restructuring and other expenses 3,664 9,018 5,105
Litigation judgment ——5,825
Total operating expenses 620,094 489,449 468,229
Operating income 109,600 135,203 27,841
Interest income 33,257 13,408 13,552
Interest expense —(22) (1,839)
Income, net of expense, from sale of technologies and product lines 20,448 107,358 41,155
Other income (expense), net (22,525) 1,344 2,464
Income before income taxes 140,780 257,291 83,173
Provision for income taxes 76,844 87,143 32,972
Net income $ 63,936 $ 170,148 $ 50,201
Net income per share - basic $ 0.99 $ 2.94 $ 0.89
Net income per share - diluted $ 0.94 $ 2.73 $ 0.86
Shares used to compute net income per share - basic 64,737 57,870 56,601
Shares used to compute net income per share - diluted 68,237 62,214 59,289
The accompanying summary of significant accounting policies and notes to consolidated financial statements are an integral part of these statements.
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