Computer Associates 1997 Annual Report Download - page 28

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Note 4 — Geographic Area Information and Foreign Operations
United States Foreign (a) Eliminations Total
(Dollars in millions)
March 31, 1997:
Revenue:
To unaffiliated customers $2,315 $1,725 $4,040
Between geographic areas (b) 335 $(335)
Total Revenue 2,650 1,725 (335) 4,040
Net income 101 265 366
Identifiable assets 4,584 2,014 (514) 6,084
Total liabilities 3,791 1,304 (514) 4,581
March 31, 1996:
Revenue:
To unaffiliated customers $1,678 $1,827 $3,505
Between geographic areas (b) 403 $(403)
Total Revenue 2,081 1,827 (403) 3,505
Net (loss) income (281) 225 (56)
Identifiable assets 3,709 1,897 (590) 5,016
Total liabilities 2,767 1,357 (590) 3,534
March 31, 1995:
Revenue:
To unaffiliated customers $1,263 $1,360 $2,623
Between geographic areas (b) 290 $(290)
Total Revenue 1,553 1,360 (290) 2,623
Net income 277 155 432
Identifiable assets 2,305 1,470 (506) 3,269
Total liabilities 1,124 1,073 (506) 1,691
(a) The Company operates wholly owned subsidiaries in 43 foreign countries, including Canada, Middle East, Africa, Europe (22),
South America (6) and the Pacific Rim (12).
(b) Represents royalties from foreign subsidiaries generally determined as a percentage of certain amounts invoiced to customers.
For the years ended March 31, 1997, 1996, and 1995, $36 million, $39 million, and $43 million, respectively, of export sales to
unaffiliated customers are included in United States revenue.
The amortized cost and estimated fair value based on published
closing prices of debt securities at March 31, 1997, by contractu-
al maturity, are shown below. Expected maturities will differ from
contractual maturities because the issuers of the securities may
have the right to prepay obligations without prepayment penalties.
March 31, 1997
Estimated
Cost Fair Value
(Dollars in millions)
Available-for-Sale:
Due in one year or less $21 $21
Due one through three years 18 18
Due in three through five years 17 17
$56 $56
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