Computer Associates 2004 Annual Report Download - page 43

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The following table provides a reconciliation of previously reported selected financial data with amounts adjusted for
the restatement as a result of the Audit Committee’s investigation and the classification of ACCPAC as a discontinued
operation for the fiscal years ended March 31, 2001 and 2000.
STATEMENT OF OPERATIONS Year Ended March 31,
DATA (unaudited) 2001 2000
(in millions, except per share amounts)
Discontinued Discontinued
Previously Restatement ACCPAC Restated Previously Restatement ACCPAC Restated
Reported(1) Adjustment Operation Total Reported(1) Adjustment Operation Total
Revenue.................................. $4,190 $ 558(2) $ (86) $4,662 $6,094 $(2)(3) $ (78) $6,014
(Loss) income from
continuing operations.......... (591) 333(4) 7 (251) 696 —(5) (9) 687
Basic (loss) earnings from
continuing operations
per share ............................ $ (1.02) $0.57 $0.01 $ (0.43) $ 1.29 — $(0.02) $ 1.27
Diluted (loss) earnings from
continuing operations
per share ............................ (1.02) 0.57 0.01 (0.43) 1.25 — (0.02) 1.23
BALANCE SHEET AND March 31,
OTHER DATA (unaudited) 2001 2000
(in millions)
Discontinued Discontinued
ACCPAC ACCPAC
Previously Restatement Operation Restated Previously Restatement Operation Restated
Reported(1) Adjustment and Other Total Reported(1) Adjustment and Other Total
Cash provided by
operating activities .............. $ 1,383 $ — $(23) $1,360 $1,566 $ — $(16) $ 1,550
Working capital ...................... 357 —(6) 23(12) 380 988 (153)(7) 8(12) 843
Total assets ............................ 14,453 —(8) — .14,453 17,510 (561)(9) —.16,949
Deferred subscription
revenue .............................. 1,875 — — 1,875 — — — —
Long-term debt (less
current maturities) .............. 3,629 — — 3,629 4,527 — — 4,527
Stockholders’ equity .............. 5,780 —(10) — 5,780 7,037 (333)(11) — 6,704
(1) As previously reported in Item 6 “Selected Financial Data” of the Company’s Form 10-K for fiscal year 2003.
(2) Reflects a reversal of gross revenue of $445 million, offset by $1,003 million of gross revenue rebooked during the period. Of these amounts,
approximately 93% and 69%, respectively, were associated with contracts that were signed by customers but not signed by the Company prior to
the ends of the respective quarters.
(3) Reflects a reversal of gross revenue of $1,782 million, offset by $1,780 million of gross revenue rebooked during the period. Of these amounts,
approximately 39% and 52%, respectively, were associated with contracts that were signed by customers but not signed by the Company prior to
the end of the respective quarters.
(4) Represents the net revenue adjustment referred to in (2), net of related commission and provision adjustments of $46 million and income taxes of
$179 million.
(5) Represents the net revenue adjustment referred to in (3), net of related commission and provision adjustments of $(2) million.
(6) Represents the cumulative adjustment to beginning working capital of $(153) million, offset by a current period increase of $153 million.
(7) Represents the cumulative adjustment to beginning working capital of $(154) million, offset by a current period increase of $1 million.
(8) Represents the cumulative adjustment to beginning total assets of $(561) million, offset by a current period increase of $561 million.
(9) Represents the cumulative adjustment to beginning total assets of $(562) million, offset by a current period increase of $1 million.
(10) Represents the cumulative adjustment to beginning stockholders’ equity of $(333) million, offset by a current period increase of $333 million.
(11) Represents the cumulative adjustment to beginning stockholders’ equity of $(333) million. The net impact to stockholders’ equity of all adjustments
made in fiscal year 2000 was immaterial.
(12) Included within the working capital adjustment is approximately $5 million of certain international pension liabilities at both March 31, 2001 and 2000,
which has been reclassified from “Salaries, wages, and commissions” to “Other noncurrent liabilities” on the Consolidated Balance Sheet to conform
to the March 31, 2004 presentation.
CA 2004 FORM 10-K | PAGE 15