Symantec 2016 Annual Report Download - page 157
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The following table presents the aggregate carrying amounts of the classes of assets and liabilities of
discontinued operations:
April 3, 2015
(Dollars in millions)
Assets:
Cash and cash equivalents $ 31
Accounts receivable, net 293
Other current assets 91
Property and equipment, net 255
Intangible assets, net 103
Goodwill 2,701
Equity investments 5
Other long-term assets 46
Total assets classified as discontinued operations $ 3,525
Liabilities:
Accounts payable $ 44
Accrued compensation and benefits 166
Deferred revenue 682
Other current liabilities 44
Long-term deferred revenue 111
Other long-term obligations 23
Total liabilities classified as discontinued operations $ 1,070
The following table presents information regarding certain components of income from discontinued
operations, net of income taxes:
Year Ended
April 1, 2016 April 3, 2015 March 28, 2014
(Dollars in millions)
Net revenues $ 1,968 $ 2,552 $ 2,493
Cost of revenues (334) (426) (358)
Operating expenses (1,270) (1,131) (1,096)
Gain on sale of Veritas 4,060 - -
Other income (expense), net 3 (3) 10
Income from discontinued operations before income taxes 4,427 992 1,049
Provision for income taxes 1,118 223 242
Income from discontinued operations, net of income taxes $ 3,309 $ 769 $ 807
Note 4. Goodwill and Intangible Assets
During fiscal 2016, 2015, and 2014 we completed business acquisitions primarily to enhance our technology
portfolio for aggregate cash consideration, net of cash acquired, of $4 million, $19 million, and $17 million,
respectively. The results of operations related to these acquisitions have been included in our Consolidated
Statements of Operations from the acquisition date. Pro forma results of operations have not been presented
because the acquisitions were not material to our results of operations. Goodwill related to the business
acquisitions is summarized in the following table.
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