Symantec 2007 Annual Report Download - page 118

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Geographical information
The following table represents revenue amounts reported for products shipped to customers in the corre-
sponding regions:
2007 2006 2005
Year Ended March 31,
(In thousands)
Net revenues from external customers:
United States .................................. $2,560,342 $2,046,226 $1,235,536
United Kingdom ............................... 542,244 425,717 184,295
Other foreign countries
*
.......................... 2,096,780 1,671,449 1,163,018
$5,199,366 $4,143,392 $2,582,849
*
No individual country represented more than 10% of the respective totals.
2007 2006
*
March 31,
(In thousands)
Long-lived assets:
**
United States ........................................... $13,365,036 $13,680,210
Foreign countries*** ..................................... 314,787 325,041
$13,679,823 $14,005,251
*
Amounts at March 31, 2006 have been corrected to reflect an accurate allocation of long-lived assets to
geographic locations.
**
Amounts include goodwill and intangible assets.
***
No individual country represented more than 10% of the respective totals.
Significant customers
In fiscal 2007, one distributor, Ingram Micro, accounted for more than 10% of our total net revenues. In fiscal
2006 and 2005, two distributors, Ingram Micro and Tech Data Product Management, each accounted for more than
10% of our total net revenues. In fiscal 2007, 2006, and 2005, one reseller, Digital River, Inc., accounted for more
than 10% of our total net revenues.
Note 16. Cumulative Adjustment to Net Revenues and Deferred Revenue
In August 2004, during a review of our revenue maintenance application used to calculate the amount of
deferred revenue for our consumer products, we discovered an error in the unit renewal prices manually entered into
the application. The unit renewal prices used to calculate the deferred revenue did not reflect the correct
subscription renewal prices for foreign currency sales, which serves as the basis for our deferral. As a result,
the deferred revenue from these consumer products was understated and the portion of revenue from these products
that was recognized at the time of sale was overstated. The cumulative overstatement of revenue for periods prior to
the three months ended June 30, 2004 totaled approximately $20 million. The effect of the error was not material to
any prior period. To correct this error, we recorded the cumulative $20 million as a reduction in Net revenues in the
Consolidated Statements of Income and a corresponding $20 million increase in Current deferred revenue in the
Consolidated Balance Sheets during the three-month period ended June 2004. Substantially all of the $20 million of
current deferred revenue was recognized as revenue during fiscal 2005.
112
SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)