Computer Associates 2000 Annual Report Download - page 14

Download and view the complete annual report

Please find page 14 of the 2000 Computer Associates annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 22

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22

2524
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Accumulated
Additional Other Total
Common Paid-In Retained Comprehensive Treasury Stockholders’
Stock(1) Capital(1) Earnings Income (Loss) Stock Equity
(Dollars in millions)
Balance at March 31, 1997. . . . . . $63 $ 497 $1,757 $ (27) $ (787) $1,503
Net income . . . . . . . . . . . . . . . . . . 1,169 1,169
Translation adjustment
in 1998 . . . . . . . . . . . . . . . . . . . (84) (84)
Comprehensive income . . . . . . . . . 1,085
Dividends declared
($.073 per share)(1) . . . . . . . . . . . (40) (40)
Exercise of common stock
options and other . . . . . . . . . . . . 18 7 59 84
401(k) discretionary contribution . . . 8 4 12
Purchases of treasury
stock . . . . . . . . . . . . . . . . . . . . . (163) (163)
Balance at March 31, 1998. . . . . . 63 523 2,886 (104) (887) 2,481
Net income . . . . . . . . . . . . . . . . . . 626 626
Translation adjustment
in 1999 . . . . . . . . . . . . . . . . . . . (84) (84)
Unrealized gain on
equity securities . . . . . . . . . . . . . 8 8
Comprehensive income . . . . . . . . . 550
Dividends declared
($.080 per share) . . . . . . . . . . . . (44) (44)
Exercise of common stock
options and other . . . . . . . . . . . . 604 211 815
401(k) discretionary contribution . . . 14 3 17
Purchases of treasury
stock . . . . . . . . . . . . . . . . . . . . . (1,090) (1,090)
Balance at March 31, 1999 . . . . . . 63 1,141 3,468 (180) (1,763) 2,729
Net income . . . . . . . . . . . . . . . . . . 696 696
Translation adjustment
in 2000 . . . . . . . . . . . . . . . . . . . (91) (91)
Reclassification adjustment
included in net income . . . . . . . . . (9) (9)
Comprehensive income . . . . . . . . . 596
Dividends declared
($.080 per share) . . . . . . . . . . . . (43) (43)
Exercise of common stock
options and other . . . . . . . . . . . . 9 117 126
Business acquisitions . . . . . . . . . . 2,742 867 3,609
401(k) discretionary contribution. . . 10 10 20
Balance at March 31, 2000. . . . . . $63 $3,902 $4,121 $(280) $ (769) $7,037
(1) Amounts adjusted for the three-for-two stock split effective November 5, 1997.
See Notes to Consolidated Financial Statements.
CONSOLIDATED STATEMENTS OF OPERATIONS
Year Ended March 31,
2000 1999 1998
(in millions, except per share amounts)
License and other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,726 $3,636 $3,321
Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 877 742 733
Professional services . . . . . . . . . . . . . . . . . . . . . . . . . . 500 288 152
NET REVENUE
(Contract value: $6,766, $5,253, and $4,719) . . . . . . . 6,103 4,666 4,206
Costs and Expenses:
Selling, general and administrative . . . . . . . . . . . . . . . . . 1,889 1,451 1,238
Product development and enhancements . . . . . . . . . . . . . 568 423 369
Commissions and royalties . . . . . . . . . . . . . . . . . . . . . . 328 263 233
Depreciation and amortization . . . . . . . . . . . . . . . . . . . . 594 325 349
Purchased research and development . . . . . . . . . . . . . . . 795 – –
1995 Stock Plan charge . . . . . . . . . . . . . . . . . . . . . . . . –1,071 –
TOTAL OPERATING COSTS . . . . . . . . . . . . . . . . . . . . . . 4,174 3,533 2,189
Income before other expenses . . . . . . . . . . . . . . . . . . . . 1,929 1,133 2,017
Interest expense, net . . . . . . . . . . . . . . . . . . . . . . . . . . 339 123 143
Income before income taxes . . . . . . . . . . . . . . . . . . . . . 1,590 1,010 1,874
Income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 894 384 705
NET INCOME . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 696 $ 626 $1,169
BASIC EARNINGS PER SHARE . . . . . . . . . . . . . . . . . . . $ 1.29 $ 1.15 $ 2.14
Basic weighted-average shares
used in computation* . . . . . . . . . . . . . . . . . . . . . . . . . 539 545 546
DILUTED EARNINGS PER SHARE . . . . . . . . . . . . . . . . . . $ 1.25 $ 1.11 $ 2.06
Diluted weighted-average shares
used in computation* . . . . . . . . . . . . . . . . . . . . . . . . . 557 562 566
*Share amounts adjusted for the three-for-two stock split effective November 5, 1997.
See Notes to Consolidated Financial Statements.