Computer Associates 2006 Annual Report Download - page 119

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CA, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
2006 2005 2004
Year Ended March 31,
(restated) (restated)
(in millions, except per share
amounts)
Revenue:
Subscription revenue ............................................ $2,838 $2,587 $2,113
Maintenance .................................................. 430 441 520
Software fees and other .......................................... 162 254 331
Financing fees ................................................. 45 77 134
Professional services ............................................ 321 244 234
TOTAL REVENUE ............................................. 3,796 3,603 3,332
Operating Expenses:
Amortization of capitalized software costs ............................ 449 447 463
Cost of professional services ...................................... 272 230 225
Selling, general, and administrative ................................. 1,597 1,353 1,318
Product development and enhancements .............................. 697 708 703
Commissions, royalties and bonuses ................................. 394 339 267
Depreciation and amortization of other intangible assets .................. 134 130 134
Other (gains) expenses, net ....................................... (15) (5) 52
Restructuring and other .......................................... 88 28 —
Charge for in-process research and development costs ................... 18 — —
Shareholder litigation and government investigation settlements ............ — 234 168
TOTAL EXPENSES BEFORE INTEREST AND TAXES ................. 3,634 3,464 3,330
Income from continuing operations before interest and taxes . . . ............ 162 139 2
Interest expense, net ............................................ 41 106 117
Income (loss) from continuing operations before taxes ................... 121 33 (115)
Tax (benefit) expense............................................ (35) 7 (26)
INCOME (LOSS) FROM CONTINUING OPERATIONS ................. 156 26 (89)
Income from discontinued operations, net of income taxes ................ 3 — 61
Adjustment to gain on disposal of discontinued operations, net of income
taxes ...................................................... — (2) —
NET INCOME (LOSS) .......................................... $ 159 $ 24 $ (28)
BASIC INCOME (LOSS) PER SHARE
Income (loss) from continuing operations ............................. $ 0.27 $ 0.04 $ (0.15)
Income from discontinued operations ................................ 0.00 0.00 0.10
Net income (loss) .............................................. $ 0.27 $ 0.04 $ (0.05)
Basic weighted average shares used in computation ..................... 581 588 580
DILUTED INCOME (LOSS) PER SHARE
Income (loss) from continuing operations ............................. $ 0.26 $ 0.04 $ (0.15)
Income from discontinued operations ................................ 0.01 0.00 0.10
Net income (loss) .............................................. $ 0.27 $ 0.04 $ (0.05)
Diluted weighted average shares used in computation .................... 607 590 580
See Accompanying Notes to the Consolidated Financial Statements.
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