Symantec 2007 Annual Report Download - page 76

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SYMANTEC CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
2007 2006 2005
Year Ended March 31,
(In thousands, except net income per share)
Net revenues:
Content, subscriptions, and maintenance, net ................ $3,917,572 $2,873,211 $1,945,310
Licenses, net........................................ 1,281,794 1,270,181 637,539
Total net revenues .................................. 5,199,366 4,143,392 2,582,849
Cost of revenues:
Content, subscriptions, and maintenance ................... 823,525 621,636 351,077
Licenses ........................................... 49,968 45,943 52,138
Amortization of acquired product rights .................... 342,333 314,290 48,894
Total cost of revenues ............................... 1,215,826 981,869 452,109
Gross profit ........................................ 3,983,540 3,161,523 2,130,740
Operating expenses:
Sales and marketing .................................. 2,007,651 1,499,904 845,022
Research and development ............................. 866,882 682,125 334,046
General and administrative ............................. 316,783 228,563 116,865
Amortization of other intangible assets .................... 201,502 148,822 5,416
Acquired in-process research and development............... — 285,100 3,480
Restructuring ....................................... 70,236 24,918 2,776
Integration ......................................... 744 15,926 3,494
Patent settlement ..................................... — 2,200 375
Total operating expenses ............................. 3,463,798 2,887,558 1,311,474
Operating income ...................................... 519,742 273,965 819,266
Interest income ...................................... 122,043 108,404 50,195
Interest expense ..................................... (27,233) (17,996) (12,323)
Other income (expense), net ............................ 17,070 (1,650) 990
Income before income taxes .............................. 631,622 362,723 858,128
Provision for income taxes ............................. 227,242 205,871 321,969
Net income .......................................... $ 404,380 $ 156,852 $ 536,159
Net income per share — basic ............................. $ 0.42 $ 0.16 $ 0.81
Net income per share — diluted ........................... $ 0.41 $ 0.15 $ 0.74
Shares used to compute net income per share — basic ........... 960,575 998,733 660,631
Shares used to compute net income per share — diluted ......... 983,261 1,025,856 738,245
The accompanying Summary of Significant Accounting Policies and Notes to Consolidated Financial Statements
are an integral part of these statements.
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