Symantec 2004 Annual Report Download - page 51

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SYMANTEC CORPORATION «49»
Symantec Corporation Consolidated Statements of Operations
Year Ended March 31,
(In thousands, except net income (loss) per share) 2004 2003 2002
Net revenues $1,870,129 $1,406,946 $1,071,438
Cost of revenues 327,554 250,116 195,903
Gross profit 1,542,575 1,156,830 875,535
Operating expenses:
Research and development 252,284 197,271 163,979
Sales and marketing 660,573 525,029 425,951
General and administrative 94,645 74,442 55,131
Amortization of goodwill –– 196,806
Amortization of other intangibles from acquisitions 2,954 2,787 2,144
Acquired in-process research and development 3,710 4,700 –
Restructuring, site closures and other 907 11,089 20,428
Patent settlement 13,917 ––
Litigation judgment –– 3,055
Total operating expenses 1,028,990 815,318 867,494
Operating income 513,585 341,512 8,041
Interest income 38,257 37,704 31,717
Interest expense (21,164) (21,166) (9,169)
Income, net of expense, from sale of technologies and product lines 9,547 6,878 15,536
Other income (expense), net 1,997 (1,297) (627)
Income before income taxes 542,222 363,631 45,498
Provision for income taxes 171,603 115,193 73,649
Net income (loss) $370,619 $248,438 $(28,151)
Net income (loss) per share—basic $1.21 $ 0.85 $ (0.10)
Net income (loss) per share—diluted $ 1.07 $ 0.77 $ (0.10)
Shares used to compute net income (loss) per share—basic 305,985 290,790 287,208
Shares used to compute net income (loss) per share—diluted 359,555 341,436 287,208
The accompanying Summary of Significant Accounting Policies and Notes to Consolidated Financial Statements are an integral part of these statements.
2004 Annual Report