Symantec 2015 Annual Report Download - page 109

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)
2015 2014 2013 2012 2011
(In millions, except per share data)
Consolidated Statements of Income Data:
Net revenue $ 6,508 $ 6,676 $ 6,906 $ 6,730 $ 6,190
Operating income 1,149 1,183 1,106 1,104 927
Net income attributable to Symantec Corporation
stockholders (b) 878 898 755 1,187 626
Net income per share attributable to Symantec
Corporation stockholders: (c)
Basic $ 1.27 $ 1.29 $ 1.08 $ 1.60 $ 0.80
Diluted $ 1.26 $ 1.28 $ 1.06 $ 1.59 $ 0.76
Weighted-average shares outstanding:
Basic 689 696 701 741 778
Diluted 696 704 711 748 786
Cash dividends per share $ 0.60 $ 0.60 $ - $ - $ -
Consolidated Balance Sheet Data:
Cash, cash equivalents, and short-term investments $ 3,891 $ 4,084 $ 4,747 $ 3,211 $ 2,958
Total assets 13,233 13,539 14,508 13,158 12,841
Deferred revenue 3,109 3,322 3,496 3,444 3,321
Current portion of long-term debt (c)(d) 350 - 997 - 596
Long-term debt (c)(d) 1,746 2,095 2,094 2,039 1,987
Long-term deferred revenue 555 581 584 596 565
Total stockholders’ equity (e) 5,935 5,797 5,476 5,237 4,635
(a) We have a 52/53-week fiscal year. Our fiscal 2015 was a 53-week year whereas fiscal 2014, 2013, 2012,
and 2011 each consisted of 52 weeks.
(b) 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.
(c) 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
$189 million. Concurrently with the payment of the conversion value we received $189 million from the
note hedge we entered into at the time of the issuance of the 1.00% notes. At the time of issuance of the
1.00% notes, we granted warrants to affiliates of certain initial purchasers of the notes whereby they had the
option to purchase up to 52.7 million shares of our common stock at a price of $27.1330 per share. All the
warrants expired unexercised on various dates during the second quarter of fiscal 2014 and there was no
dilutive impact from the warrants on our earnings per share for fiscal 2014.
(d) In fiscal 2011, we issued $350 million in principal amount of 2.75% senior notes due September 2015
(“2.75% notes due 2015”) and $750 million in principal amount of 4.20% senior notes due September 2020
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