Symantec 2010 Annual Report Download - page 149
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The retrospective adoption of this guidance resulted in the following adjustments to our Consolidated
Statements of Operations:
As Previously
Reported Adjustments
As
Adjusted
As Previously
Reported Adjustments
As
Adjusted
Fiscal Year Ended April 3, 2009 Fiscal Year Ended March 28, 2008
(In millions, except per share data)
Total net revenue .......... $ 6,150 $ — $ 6,150 $5,874 $ — $5,874
Costs and expenses ........ 12,620 — 12,620 5,272 — 5,272
Operating (loss) income ..... (6,470) — (6,470) 602 — 602
Interest income ........... 37 — 37 77 — 77
Interest expense ........... (29) (96)
(7)
(125) (30) (89)
(7)
(119)
Impairment of marketable
securities .............. (4) — (4) — — —
Other income, net ......... 12 — 12 63 — 63
(Loss) income before income
taxes and loss from joint
venture................ (6,454) (96) (6,550) 712 (89) 623
Provision for income taxes . . . 222 (39)
(8)
183 249 (36)
(8)
213
Loss from joint venture ..... 53 — 53 — — —
Net (loss) income .......... $(6,729) $ (57) $ (6,786) $ 463 $ (53) $ 410
Net (loss) income per share —
basic ................. $ (8.10) $(0.07) $ (8.17) $ 0.53 $(0.06) $ 0.47
Net (loss) income per share —
diluted................ $ (8.10) $(0.07) $ (8.17) $ 0.52 $(0.06) $ 0.46
(1)
This amount represents the cumulative adjustments to the current portion of the debt issuance costs associated
with the Senior Notes.
(2)
This amount represents the cumulative adjustments to the long-term portion of the debt issuance costs
associated with the Senior Notes.
(3)
This amount represents the remaining unamortized debt discount on the Senior Notes.
(4)
This amount represents the long-term deferred income tax impact of the reduction in the book basis, with no
corresponding reduction in the tax basis, of the Senior Notes.
(5)
This amount represents the equity component of the Senior Notes, net of tax adjustments to the tax benefit of
call options, due to the amortization of the debt discount.
(6)
This amount represents the cumulative Net income impact of the amortization of the debt discount, recognized
as additional non-cash interest expense, and the associated tax adjustments since inception of the Senior Notes.
(7)
These amounts represent the amortization of the debt discount, recognized as additional non-cash interest
expense, net of the decrease in interest expense associated with the debt issuance costs.
(8)
These amounts represent the tax effect of the amortization of the debt discount and debt issuance costs.
The retrospective adoption of this guidance does not affect our balance of Cash and cash equivalents and as a
result did not change net cash flows from operating, investing or financing activities in our Consolidated Statements
of Cash Flows for the fiscal years ended April 3, 2009 and March 28, 2008.
73
SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)