Symantec 2010 Annual Report Download - page 103

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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 significant acquisitions:
• AppStream, Inc., SwapDrive, Inc., PC Tools Pty. Limited, MessageLabs Group Limited during fiscal 2009
• Altiris Inc. and Vontu Inc. during fiscal 2008
• Veritas Software Corporation, WholeSecurity, Inc., Sygate Technologies, Inc., BindView Development
Corporation, IMlogic, Inc., Relicore, Inc. during fiscal 2006
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
2010
(c)
2009 2008 2007
(d)
2006
(e)
Fiscal
(a,b)
(In millions, except per share data)
Consolidated Statements of Operations Data:
Net revenue....................................... $ 5,985 $ 6,150 $ 5,874 $ 5,199 $ 4,143
Operating income (loss)
(f)
............................. 933 (6,470) 602 520 274
Net income (loss)
(f)
................................. $ 714 $(6,786) $ 410 $ 366 $ 157
Net income (loss) per share — basic
(f)
.................... $ 0.88 $ (8.17) $ 0.47 $ 0.38 $ 0.16
Net income (loss) per share — diluted
(f)
.................. $ 0.87 $ (8.17) $ 0.46 $ 0.37 $ 0.15
Shares used to compute earnings per share — basic . . . ....... 810 831 868 961 999
Shares used to compute earnings per share — diluted . . ....... 819 831 884 983 1,026
Balance Sheet Data:
Cash and cash equivalents ............................ 3,029 1,793 1,890 2,559 2,316
Total assets
(f)
...................................... 11,232 10,638 18,085 17,743 17,913
Convertible subordinated notes
(g)
....................... — — — — 513
Convertible Senior Notes
(h)
............................ 1,871 1,766 1,669 1,578 —
Other long-term liabilities
(i)
........................... 50 90 106 21 25
Stockholders’ equity . . . ............................. $ 4,548 $ 4,147 $11,229 $11,911 $13,668
(a)
We have a 52/53-week fiscal year. Fiscal 2010, 2008, 2007, and 2006 was comprised of 52 weeks of operations.
Fiscal 2009 was comprised of 53 weeks of operations.
(b)
The summary reflects adjustments for the retrospective adoption of new authoritative guidance on convertible
debt instruments in the first quarter of fiscal 2010.
(c)
In the fourth quarter fiscal 2010, we adopted new authoritative guidance on revenue recognition. Our adoption
of this guidance was applied to the beginning of our fiscal year and did not have a material impact on our
consolidated financial statements. Our joint venture also adopted this guidance during its period ended
December 31, 2009, which was applied to the beginning of its fiscal year. As a result of the joint venture’s
adoption of the guidance, our net income increased by $12 million during our fiscal 2010.
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