Symantec 2004 Annual Report Download - page 75

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SYMANTEC CORPORATION «73»
2004 Annual Report
SIGNIFICANT CUSTOMERS
In fiscal 2004, three customers accounted for more than 10%
of our total net revenues. In fiscal 2003 and 2002, two customers
accounted for more than 10% of our total net revenues.
Note 17. Fiscal 2004 Reclassifications of Previously
Reported Financial Information
As of March 31, 2004, we reclassified certain previously reported
amounts to conform to the current presentation format with no
impact on net income (loss).
Advertising Costs We have revised our disclosure of advertising
costs for fiscal 2003 and 2002 reported in Note 2to include
all costs defined by Statement of Position 93-7, Reporting on
Advertising Costs. Advertising costs are included in Sales and
marketing expense in the Consolidated Statements of Operations.
Our revision was for disclosure purposes only, with no impact to
total Sales and marketing expense for fiscal 2003 and 2002.
Consolidated Balance Sheet As of March 31, 2004, the long-term
portion of deferred revenue grew to $92 million and was presented
separately as a long-term liability on the Consolidated Balance
Sheet. The Consolidated Balance Sheet as of March 31, 2003 has
been reclassified to conform to the current presentation format.
GEOGRAPHICAL INFORMATION
The following table represents revenue amounts reported for products shipped to customers in the corresponding regions.
(In thousands) Year Ended March 31,
2004 2003 2002
Net revenues from external customers:
United States $ 896,452 $ 714,111 $ 566,837
Other foreign countries (*) 973,677 692,835 504,601
$1,870,129 $1,406,946 $1,071,438
(In thousands) Year Ended March 31,
2004 2003
Long-lived assets (excluding deferred income taxes):
United States $1,500,192 $1,186,071
Other foreign countries (*) 114,172 83,527
$1,614,364 $1,269,598
(*) No individual country represented more than 10% of the respective totals.
A summary of reclassifications on the Consolidated Balance Sheet as of March 31, 2003 is as follows:
Year Ended March 31, 2003
As Originally As Reclassified in
(In thousands) Reported 2004 Form 10-K
Current deferred revenue $589,629 $530,378
Total current liabilities 894,624 835,373
Long-term deferred revenue – 59,251