Symantec 2009 Annual Report Download - page 109

Net cash used in investing activities of $1.5 billion for 2008 was primarily related to an aggregate payment of
$1.2 billion in cash paid for acquisitions and the joint venture, net of cash acquired.
Net cash used in investing activities of $222 million in fiscal 2007 was primarily due to a net increase in capital
expenditures of $298 million and $46 million in cash paid for acquisitions, net of cash acquired, partially offset by
the net proceeds from sales of short-term investments of $123 million.
Financing Activities
Net cash used in financing activities of $676 million in fiscal 2009 was primarily due to stock repurchases of
42 million shares of our common stock for $700 million and the repayment of $200 million on our revolving credit
facility, partially offset by net proceeds of $229 million received from the issuance of our common stock through
employee stock plans.
Net cash used in financing activities of $1.1 billion in fiscal 2008 was primarily related to the repurchase of
81 million shares of our common stock for $1.5 billion, partially offset by the net proceeds of $224 million received
from the issuance of our common stock through employee stock plans and a borrowing of $200 million on our
revolving credit facility.
Net cash used in financing activities of $1.3 billion in fiscal 2007 was primarily related to the repurchase of
162 million shares of our common stock for $2.8 billion, the purchase of note hedges for $592 million and
repayment of the Veritas notes for $520 million; partially offset by $2.1 billion proceeds from the issuance of our
Senior Notes, proceeds from the sale of common stock warrants of $326 million and $230 million proceeds from the
issuance of our common stock through employee stock plans.
Contractual Obligations and Commitments
The following table summarizes our significant contractual obligations and commitments as of April 3, 2009:
Total Fiscal 2010
Fiscal 2011
and 2012
Fiscal 2013
and 2014
Fiscal 2015
and Thereafter Other
Payments Due by Period
(In thousands)
Convertible Senior Notes
(1)
........ $2,100,000 $ — $1,100,000 $1,000,000 $ — $ —
Interest payments on Convertible
Senior Notes
(1)
................ 59,959 18,250 29,814 11,895 — —
Purchase obligations
(2)
............ 443,880 394,848 48,865 167 — —
Operating leases
(3)
............... 426,609 93,203 128,580 90,394 114,432 —
Norton royalty agreement
(4)
........ 10,830 5,311 5,033 186 300 —
Uncertain tax positions
(5)
.......... 522,384 — — — — 522,384
Total contractual obligations ...... $3,563,662 $511,612 $1,312,292 $1,102,642 $114,732 $522,384
(1)
Senior Notes are due in fiscal 2012 and 2014. Holders of the Senior Notes may convert their Senior Notes prior
to maturity upon the occurrence of certain circumstances. Upon conversion, we would pay the holder the cash
value of the applicable number of shares of our common stock, up to the principal amount of the note. Amounts
in excess of the principal amount, if any, may be paid in cash or in stock at our option. As of April 3, 2009, the
conditions to conversion had not been met. Interest payments were calculated based on terms of the related
notes.
(2)
These amounts are associated with agreements for purchases of goods or services generally including
agreements that are enforceable and legally binding and that specify all significant terms, including fixed
or minimum quantities to be purchased; fixed, minimum, or variable price provisions; and the approximate
timing of the transaction. The table above also includes agreements to purchase goods or services that have
cancellation provisions requiring little or no payment. The amounts under such contracts are included in the
table above because management believes that cancellation of these contracts is unlikely and the Company
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