Symantec 2007 Annual Report Download - page 36

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Item 6. Selected Financial Data
The following selected consolidated financial data is derived from Symantec’s consolidated financial state-
ments. This data is qualified in its entirety by and should be read in conjunction with the more detailed consolidated
financial statements and related notes included in this annual report and with Item 7, Management’s Discussion and
Analysis of Financial Condition and Results of Operations. Historical results may not be indicative of future results.
During the past five fiscal years, we have made the following acquisitions:
• Company-i Limited and 4FrontSecurity, Inc. during fiscal 2007
• Veritas Software Corporation, XtreamLok Pty. Ltd., WholeSecurity, Inc., Sygate Technologies, Inc.,
BindView Development Corporation, IMlogic, Inc., and Relicore, Inc. during fiscal 2006
• Brightmail, Inc., TurnTide, Inc., @stake, Inc., LIRIC Associates Ltd, and Platform Logic, Inc. during fiscal
2005
• Nexland, Inc., PowerQuest, Inc., Safeweb, Inc., and ON Technology Corp. during fiscal 2004
• Riptech, Inc., Recourse Technologies, Inc., SecurityFocus, Inc., and Mountain Wave, Inc. during fiscal 2003
Each of these acquisitions was accounted for as a business purchase and, accordingly, the operating results of
these businesses have been included in our consolidated financial statements since their respective dates of
acquisition.
In April 2003, we purchased certain assets related to Roxio Inc.’s GoBack
TM
computer recovery software
business. In addition, in August 2003, we purchased a security technology patent as part of a legal settlement in
Hilgraeve, Inc. v. Symantec Corporation and in May 2005, we resolved patent litigation matters with Altiris, Inc. by
entering into a cross-licensing agreement that resolved all legal claims between the companies. We subsequently
acquired Altiris in April 2007. See Note 17 of the Notes to Consolidated Financial Statements.
Five-Year Summary
2007
(a)
2006
(b)
2005 2004 2003
Year Ended March 31,
(c)
(In thousands, except net income per share)
Consolidated Statements of Income Data:
Net revenues ....................... $5,199,366 $4,143,392 $2,582,849 $1,870,129 $1,406,946
Acquired in-process research and
development
(d)
.................... — 285,100 3,480 3,710 4,700
Restructuring ....................... 70,236 24,918 2,776 907 11,089
Integration . . ....................... 744 15,926 3,494 — —
Patent settlement
(e)
................... — 2,200 375 13,917 —
Operating income .................... 519,742 273,965 819,266 513,585 341,512
Interest expense
(f)
.................... (27,233) (17,996) (12,323) (21,164) (21,166)
Income, net of expense, from sale of
technologies and product lines
(g)
....... — — — 9,547 6,878
Net income . ....................... $ 404,380 $ 156,852 $ 536,159 $ 370,619 $ 248,438
Net income per share — basic
(h)
......... $ 0.42 $ 0.16 $ 0.81 $ 0.61 $ 0.43
Net income per share — diluted
(h)
........ $ 0.41 $ 0.15 $ 0.74 $ 0.54 $ 0.38
Shares used to compute net income per
share — basic
(h)
................... 960,575 998,733 660,631 611,970 581,580
Shares used to compute net income per
share — diluted
(h)
.................. 983,261 1,025,856 738,245 719,110 682,872
30