Symantec 2014 Annual Report Download - page 152

Download and view the complete annual report

Please find page 152 of the 2014 Symantec annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 183

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183

Condensed Consolidated Statements of Income
Year Ended
March 29, 2013
Year Ended
March 30, 2012
As Reported Adjustment As Adjusted As Reported Adjustment As Adjusted
(In millions, except per share data)
Operating expenses:
Sales and marketing $ 2,735 $ 17 $ 2,752 $ 2,814 $ (25) $ 2,789
Provision for income taxes $ 258 $ (7) $ 251 $ 298 $ 10 $ 308
Net income attributable to
Symantec Corporation
stockholders $ 765 $ (10) $ 755 $ 1,172 $ 15 $ 1,187
Net income per share attributable
to Symantec Corporation
stockholders — basic $ 1.09 $ (0.01) $ 1.08 $ 1.58 $ 0.02 $ 1.60
Net income per share attributable
to Symantec Corporation
stockholders — diluted $ 1.08 $ (0.02) $ 1.06 $ 1.57 $ 0.02 $ 1.59
Weighted-average shares
outstanding attributable to
Symantec Corporation
stockholders — basic 701 - 701 741 - 741
Weighted-average shares
outstanding attributable to
Symantec Corporation
stockholders — diluted 711 - 711 748 - 748
Condensed Consolidated Statements of Comprehensive Income
Year Ended
March 29, 2013
Year Ended
March 30, 2012
As Reported Adjustment As Adjusted As Reported Adjustment As Adjusted
(Dollars in millions)
Net income $ 765 $ (10) $ 755 $ 1,172 $ 15 $ 1,187
Net foreign currency translation
adjustments (1) $7$ -$7$ 4$1$ 5
Comprehensive income (1) $ 789 $ (10) $ 779 $ 1,174 $ 16 $ 1,190
(1) Adjustment includes an increase of $1 million in net foreign currency and comprehensive income for the year
ended March 29, 2013, and an increase of $2 million in net foreign currency and comprehensive income for the
year ended March 30, 2012, related to the correction of the deferred revenue error. See discussion of immaterial
correction of previously provided financial information above.
The change in accounting policy 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 Statement of
Cash Flows for the year ended March 29, 2013.
There have been no other material changes in our significant accounting policies for the year ended
March 28, 2014, as compared to the significant accounting policies described in our Annual Report on Form 10-
K for the fiscal year ended March 29, 2013, other than as discussed above.
73