Symantec 2016 Annual Report Download - page 142
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SYMANTEC CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
Year Ended
April 1,
2016
April 3,
2015
March 28,
2014
(In millions, except per share data)
Net revenues $ 3,600 $3,956 $ 4,183
Cost of revenues 615 727 791
Gross profit 2,985 3,229 3,392
Operating expenses:
Sales and marketing 1,292 1,650 1,766
Research and development 748 812 722
General and administrative 295 362 420
Amortization of intangible assets 57 87 93
Restructuring, separation, and transition 136 164 247
Total operating expenses 2,528 3,075 3,248
Operating income 457 154 144
Interest income 10 11 11
Interest expense (75) (78) (84)
Other income, net - 14 36
Income from continuing operations before income taxes 392 101 107
Income tax expense (benefit) 1,213 (8) 16
Income (loss) from continuing operations (821) 109 91
Income from discontinued operations, net of income taxes 3,309 769 807
Net income $ 2,488 $ 878 $ 898
Income (loss) per share — basic:
Continuing operations $ (1.23) $ 0.16 $ 0.13
Discontinued operations $ 4.94 $ 1.12 $ 1.16
Net income per share — basic $ 3.71 $ 1.27 $ 1.29
Income (loss) per share — diluted:
Continuing operations $ (1.23) $ 0.16 $ 0.13
Discontinued operations $ 4.94 $ 1.10 $ 1.15
Net income per share — diluted $ 3.71 $ 1.26 $ 1.28
Weighted-average shares outstanding:
Basic 670 689 696
Diluted 670 696 704
Cash dividends declared per common share $ 4.60 $ 0.60 $ 0.60
Note: Net income per share amounts may not add due to rounding.
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
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