Symantec 2016 Annual Report Download - page 136

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Selected quarterly financial data
Fiscal 2016 Fiscal 2015
Fourth
Quarter
Third
Quarter
Second
Quarter
First
Quarter
Fourth
Quarter
Third
Quarter
Second
Quarter
First
Quarter
(In millions, except per share data)
Net revenues $ 873 $ 909 $ 906 $ 912 $ 899 $ 970 $ 1,001 $ 1,086
Gross profit 726 759 746 754 723 793 825 888
Operating income 128 146 100 83 (49) 34 96 73
Income (loss) from continuing
operations (1,013) 114 53 25 55 (25) 32 47
Income from discontinued
operations, net of income
taxes 3,058 56 103 92 121 247 212 189
Net income 2,045 170 156 117 176 222 244 236
Income (loss) per share —
basic:
Continuing operations $ (1.56) $ 0.17 $ 0.08 $ 0.04 $ 0.08 $ (0.04) $ 0.05 $ 0.07
Discontinued operations $ 4.70 $ 0.08 $ 0.15 $ 0.13 $ 0.18 $ 0.36 $ 0.31 $ 0.27
Net income per share — basic $ 3.15 $ 0.26 $ 0.23 $ 0.17 $ 0.26 $ 0.32 $ 0.35 $ 0.34
Income (loss) per share —
diluted:
Continuing operations $ (1.56) $ 0.17 $ 0.08 $ 0.04 $ 0.08 $ (0.04) $ 0.05 $ 0.07
Discontinued operations $ 4.70 $ 0.08 $ 0.15 $ 0.13 $ 0.17 $ 0.36 $ 0.30 $ 0.27
Net income per share —
diluted $ 3.15 $ 0.25 $ 0.23 $ 0.17 $ 0.25 $ 0.32 $ 0.35 $ 0.34
Note: Net income per share amounts may not add due to rounding.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.
Item 9A. Controls and Procedures
a) Evaluation of Disclosure Controls and Procedures
The SEC defines the term “disclosure controls and procedures” to mean a company’s controls and other
procedures that are designed to ensure that information required to be disclosed in the reports that it files or
submits under the Exchange Act is recorded, processed, summarized, and reported, within the time periods
specified in the SEC’s rules and forms. “Disclosure controls and procedures” include, without limitation, controls
and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files
or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its
principal executive and principal financial officers, or persons performing similar functions, as appropriate to
allow timely decisions regarding required disclosure. Our disclosure controls and procedures are designed to
provide reasonable assurance that such information is accumulated and communicated to our management. Our
management (with the participation of our Chief Executive Officer and Chief Financial Officer) has conducted an
evaluation of the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-
15(e) of the Securities Exchange Act). Based on such evaluation, our Chief Executive Officer and our Chief
Financial Officer have concluded that our disclosure controls and procedures were effective at the reasonable
assurance level as of the end of the period covered by this report.
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