Symantec 2010 Annual Report Download - page 136
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SYMANTEC CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
April 2,
2010
April 3,
2009 *
March 28,
2008 *
Year Ended
(In millions, except per share data)
Net revenue:
Content, subscription, and maintenance ........................... $5,034 $ 4,863 $4,561
License ................................................... 951 1,287 1,313
Total net revenue .......................................... 5,985 6,150 5,874
Cost of revenue:
Content, subscription, and maintenance ........................... 849 840 826
License ................................................... 22 35 45
Amortization of acquired product rights ........................... 234 352 349
Total cost of revenue ....................................... 1,105 1,227 1,220
Gross profit................................................ 4,880 4,923 4,654
Operating expenses:
Salesandmarketing ......................................... 2,367 2,386 2,415
Research and development..................................... 857 870 895
General and administrative .................................... 352 343 348
Amortization of other purchased intangible assets. . . ................. 247 233 225
Restructuring and transformation ................................ 94 96 74
Impairment of goodwill ....................................... — 7,419 —
Loss and impairment of assets held for sale ........................ 30 46 95
Total operating expenses .................................... 3,947 11,393 4,052
Operating (loss) income ........................................ 933 (6,470) 602
Interest income ............................................. 6 37 77
Interest expense ............................................ (129) (125) (119)
Other income, net ........................................... 55 8 63
Income (loss) before income taxes and loss from joint venture ............ 865 (6,550) 623
Provision for income taxes .................................... 112 183 213
Loss from joint venture ....................................... 39 53 —
Net income (loss) ............................................. $ 714 $(6,786) $ 410
Net income (loss) per share — basic ............................... $ 0.88 $ (8.17) $ 0.47
Net income (loss) per share — diluted .............................. $ 0.87 $ (8.17) $ 0.46
Weighted-average shares outstanding — basic ........................ 810 831 868
Weighted-average shares outstanding — diluted ....................... 819 831 884
* As adjusted for the retrospective adoption of new authoritative guidance on convertible debt instruments. See
Note 1 for further discussion.
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
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