Symantec 2009 Annual Report Download - page 121
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SYMANTEC CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
April 3,
2009
March 28,
2008
March 30,
2007
Year Ended
(In thousands, except per share data)
Net revenues:
Content, subscriptions, and maintenance .................. $ 4,862,287 $4,561,566 $3,917,572
Licenses .......................................... 1,287,567 1,312,853 1,281,794
Total net revenues ................................. 6,149,854 5,874,419 5,199,366
Cost of revenues:
Content, subscriptions, and maintenance .................. 839,843 826,339 823,525
Licenses .......................................... 34,657 44,664 49,968
Amortization of acquired product rights ................... 352,427 349,327 342,333
Total cost of revenues .............................. 1,226,927 1,220,330 1,215,826
Gross profit ....................................... 4,922,927 4,654,089 3,983,540
Operating expenses:
Sales and marketing ................................. 2,385,987 2,415,264 2,007,651
Research and development ............................ 879,702 894,042 866,882
General and administrative ............................ 342,805 347,642 316,783
Amortization of other purchased intangible assets ........... 233,461 225,131 201,502
Restructuring ...................................... 95,616 73,914 70,980
Impairment of goodwill ............................... 7,418,574 — —
Impairment of assets held for sale ....................... 46,592 95,816 —
Patent settlement .................................... (9,900) — —
Total operating expenses ............................ 11,392,837 4,051,809 3,463,798
Operating (loss) income ................................ (6,469,910) 602,280 519,742
Interest income ..................................... 37,054 76,896 122,043
Interest expense .................................... (29,705) (29,480) (27,233)
Impairment of marketable securities...................... (3,658) — —
Settlements of litigation, net ........................... — 58,500 —
Other income, net ................................... 12,041 4,327 17,070
(Loss) income before income taxes and loss from joint venture . . . (6,454,178) 712,523 631,622
Provision for income taxes ............................ 221,630 248,673 227,242
Loss from joint venture ............................... 53,062 — —
Net (loss) income ..................................... $(6,728,870) $ 463,850 $ 404,380
Net (loss) income per share — basic ....................... $ (8.10) $ 0.53 $ 0.42
Net (loss) income per share — diluted ...................... $ (8.10) $ 0.52 $ 0.41
Weighted-average shares outstanding — basic ................ 830,983 867,562 960,575
Weighted-average shares outstanding — diluted ............... 830,983 884,136 983,261
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
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