Symantec 2007 Annual Report Download - page 37

(a)
In fiscal 2007, we adopted SFAS No. 123R, which resulted in stock-based compensation charges of
$154 million.
(b)
We acquired Veritas on July 2, 2005 and its results of operations are included from the date of acquisition.
(c)
We have a 52/53-week fiscal year. Fiscal 2007, 2006, 2005, and 2003 were each comprised of 52 weeks of
operations. Fiscal 2004 was comprised of 53 weeks of operations.
(d)
In fiscal 2006, we wrote off $284 million and $1 million, respectively, of acquired in-process research and
development in connection with our acquisitions of Veritas and BindView Development Corporation.
(e)
In fiscal 2006, we recorded patent settlement costs and entered into a cross-licensing agreement with Altiris, Inc.
For more information, see Note 4 of the Notes to Consolidated Financial Statements. In fiscal 2004, we recorded
patent settlement costs and purchased a security technology patent as part of a settlement in Hilgraeve, Inc. v.
Symantec Corporation.
(f)
In fiscal 2007, we issued $1.1 billion principal amount of 0.75% Convertible Senior Notes and $1.0 billion
principal amount of 1.00% Convertible Senior Notes. In fiscal 2006, in connection with our acquisition of
Veritas, we assumed $520 million of 0.25% convertible subordinated notes which we paid off in their entirety in
August 2006. In October 2001, we issued $600 million of 3% convertible subordinated notes. In November
2004, substantially all of the outstanding 3% convertible subordinated notes were converted into 70.3 million
shares of our common stock and the remainder was redeemed for cash. For more information, see Note 6 of the
Notes to Consolidated Financial Statements.
(g)
Income, net of expense, from sale of technologies and product lines primarily related to royalty payments
received in connection with the licensing of substantially all of the ACT!
TM
product line technology. In
December 2003, Interact Commerce Corporation purchased this technology from us.
(h)
Share and per share amounts reflect the two-for-one stock splits effected as stock dividends, which occurred on
November 30, 2004, and November 19, 2003.
2007 2006 2005 2004 2003
March 31,
(In thousands)
Balance Sheet Data:
Working capital
(i)
........... $ 752,958 $ 430,365 $1,987,259 $1,555,094 $1,152,773
Total assets . . ............. 17,750,870 17,913,183 5,614,221 4,456,498 3,265,730
Convertible subordinated
notes
(j)
................. — 512,800 — 599,987 599,998
Convertible senior notes
(k)
.... 2,100,000 — — — —
Long-term obligations, less
current portion ........... 21,370 24,916 4,408 6,032 6,729
Stockholders’ equity ......... 11,601,513 13,668,471 3,705,453 2,426,208 1,764,379
(i)
A portion of deferred revenue as of March 31, 2003 was reclassified from current to long-term to conform to the
current presentation.
(j)
In fiscal 2006, in connection with our acquisition of Veritas, we assumed $520 million of 0.25% convertible
subordinated notes, which are classified as a current liability and are included in the calculation of working
capital. These notes were paid off in their entirety in August 2006. For more information, see Note 6 of the Notes
to Consolidated Financial Statements. In October 2001, we issued $600 million of 3% convertible subordinated
notes. In November 2004, substantially all of the outstanding 3% convertible subordinated notes were converted
into 70.3 million shares of our common stock and the remainder was redeemed for cash.
(k)
In fiscal 2007, we issued $1.1 billion principal amount of 0.75% Convertible Senior Notes and $1.0 billion
principal amount of 1.00% Convertible Senior Notes. For more information, see Note 6 of the Notes to
Consolidated Financial Statements.
31