Symantec 2014 Annual Report Download - page 137

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SYMANTEC CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
Year Ended
March 28,
2014
March 29,
2013
March 30,
2012
(In millions, except per share data)
Net revenue:
Content, subscription, and maintenance $ 5,960 $ 6,021 $ 5,823
License 716 885 907
Total net revenue 6,676 6,906 6,730
Cost of revenue:
Content, subscription, and maintenance 1,008 1,017 943
License 87 89 48
Amortization of intangible assets 54 69 91
Total cost of revenue 1,149 1,175 1,082
Gross profit 5,527 5,731 5,648
Operating expenses:
Sales and marketing 2,435 2,752 2,789
Research and development 1,038 1,012 969
General and administrative 445 450 437
Amortization of intangible assets 156 286 289
Restructuring and transition 270 125 56
Impairment of intangible assets - - 4
Total operating expenses 4,344 4,625 4,544
Operating income 1,183 1,106 1,104
Interest income 12 12 13
Interest expense (84) (139) (115)
Other income (expense), net 45 27 (6)
Loss from joint venture - - (27)
Gain from sale of joint venture - - 526
Income before income taxes 1,156 1,006 1,495
Provision for income taxes 258 251 308
Net income $ 898 $ 755 $ 1,187
Less: Income (loss) attributable to noncontrolling interest - - -
Net income attributable to Symantec Corporation stockholders $ 898 $ 755 $ 1,187
Net income per share attributable to Symantec Corporation
stockholders basic $ 1.29 $ 1.08 $ 1.60
Net income per share attributable to Symantec Corporation
stockholders diluted $ 1.28 $ 1.06 $ 1.59
Weighted-average shares outstanding attributable to Symantec
Corporation stockholders basic 696 701 741
Weighted-average shares outstanding attributable to Symantec
Corporation stockholders diluted 704 711 748
Cash dividends declared per common share $ 0.60 $ - $ -
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
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