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SYMANTEC CORPORATION
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
AND COMPREHENSIVE INCOME
Shares Amount
Capital in
Excess of
Par Value
Accumulated
Other
Comprehensive
Income
Deferred
Stock-Based
Compensation
Retained
Earnings
Total
Stockholders’
Equity
Common Stock
(In thousands)
Balances, March 31, 2004 . . . . . . . . . . . . . . . . . . 311,854 $ 3,119 $ 1,573,466 $125,484 $ — $ 724,139 $ 2,426,208
Components of comprehensive income:
Net income . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — 536,159 536,159
Change in unrealized loss on available-for-sale
securities, net of tax . . . . . . . . . . . . . . . . . . — — — (1,776) — — (1,776)
Translation adjustment, net of tax of $18,014 . . . . — — — 68,230 — — 68,230
Total comprehensive income . . . . . . . . . . . . . . 602,613
Issuance of common stock under employee stock
plans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,951 149 159,778 — — — 159,927
Stock dividend . . . . . . . . . . . . . . . . . . . . . . . . . 352,623 3,526 — — — (3,526) —
Repurchases of common stock . . . . . . . . . . . . . . . (4,148) (41) (49,636) — — (142,239) (191,916)
Conversion of convertible debt . . . . . . . . . . . . . . . 35,142 352 593,182 — — — 593,534
Restricted stock grant . . . . . . . . . . . . . . . . . . . . 100 — 5,535 — (5,535) — —
Assumed Brightmail stock options . . . . . . . . . . . . — — 21,298 — (20,059) — 1,239
Amortization of deferred stock-based compensation,
net of actual forfeitures . . . . . . . . . . . . . . . . . . — — — — 4,524 — 4,524
Income tax benefit from employee stock transactions . . — — 109,324 — — — 109,324
Balances, March 31, 2005 . . . . . . . . . . . . . . . . . . 710,522 7,105 2,412,947 191,938 (21,070) 1,114,533 3,705,453
Components of comprehensive income:
Net income . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — 156,852 156,852
Change in unrealized loss on available-for-sale
securities, net of tax . . . . . . . . . . . . . . . . . . — — — (4,264) — — (4,264)
Translation adjustment, net of tax of $16,641 . . . . — — — (40,864) — — (40,864)
Total comprehensive income . . . . . . . . . . . . . . 111,724
Issuance of common stock under employee stock
plans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,010 210 217,248 — — — 217,458
Repurchases of common stock . . . . . . . . . . . . . . . (173,666) (1,737) (3,483,200) — — (143,228) (3,628,165)
Grant of restricted stock units . . . . . . . . . . . . . . . — — 3,388 — (3,388) — —
Stock issued for acquisition of Veritas . . . . . . . . . . 483,119 4,831 12,493,505 — — — 12,498,336
Fair value of assumed Veritas stock options and
restricted stock units. . . . . . . . . . . . . . . . . . . . — — 698,514 — (63,092) — 635,422
Amortization of deferred stock-based compensation,
net of actual forfeitures . . . . . . . . . . . . . . . . . . — — — — 37,712 — 37,712
Reduction of deferred stock-based compensation due to
stock option and restricted stock unit cancellations . . (100) — (6,243) — 6,243 — —
Other stock transactions . . . . . . . . . . . . . . . . . . . — — 386 — — — 386
Income tax benefit from employee stock transactions . . — — 90,145 — — — 90,145
Balances, March 31, 2006 . . . . . . . . . . . . . . . . . . 1,040,885 10,409 12,426,690 146,810 (43,595) 1,128,157 13,668,471
Cumulative effect of adjustments from the adoption
of SAB No. 108, net of taxes . . . . . . . . . . . . . . — — — — — (33,788) (33,788)
Adjusted balances, March 31, 2006 . . . . . . . . . . . . 1,040,885 10,409 12,426,690 146,810 (43,595) 1,094,369 13,634,683
Components of comprehensive income:
Net income . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — 404,380 404,380
Change in unrealized loss on available-for-sale
securities, net of tax . . . . . . . . . . . . . . . . . . — — — 4,093 — — 4,093
Translation adjustment, net of tax of $14,783 . . . . — — — 32,030 — — 32,030
Total comprehensive income . . . . . . . . . . . . . . 440,503
Reversal of deferred compensation due to
SFAS No. 123R adoption . . . . . . . . . . . . . . . . — — (43,595) — 43,595 — —
Issuance of common stock under employee stock
plans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,172 201 221,890 — — — 222,091
Repurchases of common stock . . . . . . . . . . . . . . . (161,704) (1,617) (2,694,388) — — (150,307) (2,846,312)
Restricted stock units released, net of taxes . . . . . . . 64 1 (699) — — — (698)
Stock-based compensation, net of estimated
forfeitures. . . . . . . . . . . . . . . . . . . . . . . . . . . — — 152,272 — — — 152,272
Issuance of warrants . . . . . . . . . . . . . . . . . . . . . — — 326,102 — — — 326,102
Purchase of bond hedge, net of tax . . . . . . . . . . . . — — (359,546) — — — (359,546)
Income tax benefit from employee stock transactions . . — — 32,418 — — — 32,418
Balances, March 31, 2007 . . . . . . . . . . . . . . . . . . 899,417 $ 8,994 $10,061,144 $182,933 $ — $1,348,442 $11,601,513
The accompanying Summary of Significant Accounting Policies and Notes to Consolidated Financial Statements
are an integral part of these statements.
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