Symantec 2008 Annual Report Download - page 109

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Item 6. Selected Financial Data
The following selected consolidated financial data is derived from the Consolidated Financial Statements
included in this annual report. 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:
• Altiris Inc., Vontu Inc., and Transparent Logic Technologies, Inc. during fiscal 2008
• 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
Each of these acquisitions was accounted for as a business purchase and, accordingly, the operating results of
these businesses have been included in the Consolidated Financial Statements included in this annual report since
their respective dates of acquisition.
Five-Year Summary
2008 2007
(a)
2006
(b)
2005 2004
Fiscal
(c)
(In thousands, except net income per share)
Consolidated Statements of Income Data:
Net revenues ....................... $5,874,419 $5,199,366 $4,143,392 $2,582,849 $1,870,129
Acquired in-process research and
development
(d)
.................... — — 285,100 3,480 3,710
Restructuring ....................... 73,914 70,236 24,918 2,776 907
Integration . . ....................... — 744 15,926 3,494 —
Loss on sale of a business
(e)
............ 94,616 ————
Operating income .................... 602,280 519,742 273,965 819,266 513,585
Net income . ....................... $ 463,850 $ 404,380 $ 156,852 $ 536,159 $ 370,619
Earnings per share — basic
(f)
........... $ 0.53 $ 0.42 $ 0.16 $ 0.81 $ 0.61
Earnings per share — diluted
(f)
.......... $ 0.52 $ 0.41 $ 0.15 $ 0.74 $ 0.54
Shares used to compute earnings per
share — basic
(f)
................... 867,562 960,575 998,733 660,631 611,970
Shares used to compute earnings per
share — diluted
(f)
.................. 884,136 983,261 1,025,856 738,245 719,110
(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 2008, 2007, 2006, and 2005 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 of acquired in-process research and development in
connection with our acquisitions of Veritas and BindView Development Corporation, respectively.
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