Symantec 2014 Annual Report Download - page 108

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.
Five-Year Summary
Fiscal (a)
2014 2013 2012 2011 2010
(In millions, except per share data)
Consolidated Statements of Income Data:
Net revenue $ 6,676 $ 6,906 $ 6,730 $ 6,190 $ 5,985
Operating income (b) 1,183 1,106 1,104 927 927
Net income attributable to Symantec Corporation
stockholders (b)(c)
$ 898 $ 755 $ 1,187 $ 626 $ 711
Net income per share attributable to Symantec
Corporation stockholders — basic (b)(c)
$ 1.29 $ 1.08 $ 1.60 $ 0.80 $ 0.88
Net income per share attributable to Symantec
Corporation stockholders — diluted (b)(c)
$ 1.28 $ 1.06 $ 1.59 $ 0.76 $ 0.87
Weighted-average shares outstanding attributable to
Symantec Corporation stockholders — basic
696 701 741 778 810
Weighted-average shares outstanding attributable to
Symantec Corporation stockholders — diluted
704 711 748 786 819
Cash dividends per share attributable to Symantec
Corporation (g)
$ 0.60 $ - $ - $ - $ -
Consolidated Balance Sheet Data:
Cash and cash equivalents $ 3,707 $ 4,685 $ 3,162 $ 2,950 $ 3,029
Total assets (b) 13,539 14,508 13,158 12,841 11,317
Deferred revenue 3,322 3,496 3,444 3,321 2,835
Current portion of long-term debt (d) - 997 - 596 -
Long-term debt(d) (e) 2,095 2,094 2,039 1,987 1,871
Long-term deferred revenue (f) 581 584 596 565 436
Symantec Corporation stockholders’ equity (b) (f) (g) (h) $ 5,797 $ 5,476 $ 5,159 $ 4,558 $ 4,567
Noncontrolling interest in subsidiary - - 78 77 -
Total stockholders’ equity (b) (f) (g) $ 5,797 $ 5,476 $ 5,237 $ 4,635 $ 4,567
(a) We have a 52/53-week fiscal year. Fiscal 2014, 2013, 2012, 2011, and 2010 each consisted of 52 weeks.
(b) Effective March 30, 2013, we changed our accounting policy for sales commissions that are incremental and
directly related to customer sales contracts in which revenue is deferred. The adoption of this accounting
policy change has been applied retrospectively for all periods presented. See Note 1 of the Notes to
Consolidated Financial Statements in this annual report for information regarding the change in accounting
policy for sales commissions.
(c) In fiscal 2008, we formed a joint venture with a subsidiary of Huawei Technologies Co., Limited
(“Huawei”). In fiscal 2012, we sold our 49% ownership interest in the joint venture to Huawei for $530
million in cash. The gain of $530 million, offset by costs to sell the joint venture of $4 million, was included
in gain from sale of joint venture in our fiscal 2012 Consolidated Statements of Income.
(d) In the first quarter of fiscal 2007, we issued $1.0 billion in principal amount of 1.00% Convertible Senior
Notes (“1.00% notes”), due in June 2013. On June 15, 2013, the principal balance on those notes matured
and was settled by a cash payment of $1 billion, along with the $5 million semi-annual interest payment. In
addition, we elected to pay the conversion value above par value of the 1.00% notes in cash in the amount of
29