Computer Associates 2010 Annual Report Download

Download and view the complete annual report

Please find the complete 2010 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 100

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100

expanding
opportunities
Annual report
2010
expanding opportunities CA Technologies annual report 2010

Table of contents

  • Page 1
    expanding opportunities Annual report 2010

  • Page 2
    ... as CA Technologies, we have built ourselves into a trusted partner with technology expertise by enabling customers to leverage IT for the greatest business advantage through these evolutions. We are prepared to take a leadership role in this next phase. William E. McCracken Chief Executive Officer...

  • Page 3
    ...of management and security technology to drive their performance. We also believe we will grow our business as we access new customers and new geographies through expanded channels and routes to market, and offer technology through new delivery models such as Software-as-a-Service (SaaS). Companies...

  • Page 4
    Letter from the CEO security; virtualization management and automation; and cloud computing, both in on-premise and SaaS delivery models. CA Technologies is the leading independent mainframe software vendor. The mainframe is critical for large customers, and we will continue to innovate on this ...

  • Page 5
    ... computing and hosted or managed services are key to business development. As we expand our capabilities, we have a significant opportunity to work with our current customers who have not yet taken advantage of all that we have to offer. We will do this through our sales force and with our partners...

  • Page 6
    ... growing our core business, expanding into virtualization management and cloud computing, and staying balanced as we grow. We will add growth products and pursue new markets through new channels, while we will protect our margins, profitability and cash flow. We believe CA Technologies can and will...

  • Page 7
    (This page intentionally left blank)

  • Page 8
    .... Delaware (State or other jurisdiction of incorporation or organization) 13-2857434 (I.R.S. Employer Identification Number) One CA Plaza, Islandia, New York (Address of Principal Executive Offices) 11749 (Zip Code) 1-800-225-5224 (Registrant's telephone number, including area code) Securities...

  • Page 9
    (This page intentionally left blank)

  • Page 10
    ... Data ...Changes in and Disagreements with Accountants on Accounting and Financial Disclosure ...Controls and Procedures ...Other Information ...Part III Directors, Executive Officers and Corporate Governance ...Executive Compensation...Security Ownership of Certain Beneficial Owners and Management...

  • Page 11
    (This page intentionally left blank)

  • Page 12
    ... a registered trademark of the Office of Government Commerce in the United Kingdom and other countries. All other trademarks, trade names, service marks and logos referenced herein, belong to their respective companies. References in this Form 10-K to fiscal 2010, fiscal 2009, fiscal 2008 and fiscal...

  • Page 13
    ...Directors elected William E. McCracken as Chief Executive Officer, succeeding John A. Swainson, who retired as CEO in December 2009. Mr. McCracken has been a director of the Company since 2005. He was non-executive Chairman of the Board from June 2007 to September 2009 and interim Executive Chairman...

  • Page 14
    ...to take advantage of new technologies like virtualization and cloud computing to significantly increase productivity, flexibility and business responsiveness. As companies add new technologies, their IT environments become more complex and difficult to manage and secure. We believe this trend offers...

  • Page 15
    ...hosted or managed services are key to business development. Sales and marketing We offer our solutions through our direct sales force, and indirectly through global systems integrators, managed service providers, technology partners, value-added resellers, exclusive representatives, and distributors...

  • Page 16
    ... hardware and software, these valued partners help us adapt and respond to the emergence of new technologies and trends, such as virtualization and cloud computing, to ensure that the release of new IT solutions is coupled with management tools that support those installations. • Value-Added...

  • Page 17
    ... facilities in Redwood City and San Francisco, California; Lisle, Illinois; Framingham, Massachusetts; Ewing, New Jersey; Islandia, New York; Pittsburgh, Pennsylvania; Plano, Texas; and Herndon, Virginia. Patents and trademarks Certain aspects of our products and technology are proprietary. We rely...

  • Page 18
    ...MARCH 31, 2010 Corporate headquarters Other U.S. offices International offices Total 1,800 5,700 6,300 13,800 Professional services Support services Selling and marketing General and administrative Product development Total 1,100 1,600 3,900 2,400 4,800 13,800 As of March 31, 2010, and 2009, we...

  • Page 19
    ...common stock was traded on the New York Stock Exchange under the symbol "CA." On April 28, 2008, we commenced trading on The NASDAQ Global Select Market tier of The NASDAQ Stock Market LLC under the same symbol. Our corporate website address is www.ca.com. All filings we make with the Securities and...

  • Page 20
    ...of sales, research and development, technical services, finance, human resources and facilities functions; • Effectively staffing key managerial and technical positions; • Successfully localizing software products for a significant number of international markets; • More restrictive employment...

  • Page 21
    ...internal controls, could adversely affect our ability to accurately forecast sales demand, manage our supply chain, achieve accuracy in the conversion of electronic data and records, and report financial and management information, including the filing of our quarterly or annual reports with the SEC...

  • Page 22
    ... may have difficulty incorporating the acquired technologies or products into our existing product lines; • We may have product liability, customer liability or intellectual property liability associated with the sale of the acquired company's products; • Our ongoing business may be disrupted by...

  • Page 23
    ... the incorporated products rather than purchase our products. In addition, the software industry is currently undergoing consolidation as software companies seek to offer more extensive suites and broader arrays of software products and services, as well as integrated software and hardware solutions...

  • Page 24
    ... us to costly and time consuming product liability claims. The software products we offer are inherently complex. Despite testing and quality control, we cannot be certain that errors will not be found in current versions, new versions or enhancements of our products after commencement of commercial...

  • Page 25
    ..., including our software and our source code for that software. Failure to protect such technology could lead to the loss of valuable assets and our competitive advantage. We protect our proprietary information through the use of patents, copyrights, trademarks, trade secret laws, confidentiality...

  • Page 26
    ... software and hardware that enables us to develop compatible products and interfaces. Such code and information includes: "source code," which is human-readable and makes the software understandable to programmers; "object code," which is machine-readable and can be directly executed by a computer...

  • Page 27
    .... Risks associated with these actions and other workforce management issues include delays in implementation of anticipated workforce reductions, changes in restructuring plans that increase or decrease the number of employees affected, adverse effects on employee morale and the failure to meet...

  • Page 28
    ...has been Executive Vice President, Risk, and Chief Administrative Officer of the Company since April 2009. He is responsible for the Company's information technology, facilities and administration, corporate transformation, enterprise risk management, internal audit and internal controls. Mr. Bryant...

  • Page 29
    ... President and General Manager of the Management Business Unit and Security Business Unit from May 2007 to January 2008 and as Executive Vice President, EITM Group from January 2008 to January 2009. Dr. Gopal was with Symantec Corporation, a provider of security and storage software, from September...

  • Page 30
    ... registrant's common equity, related stockholder matters and issuer purchases of equity securities. Through April 27, 2008, our common stock was traded on the New York Stock Exchange under the symbol "CA." On April 28, 2008, our common stock commenced trading on The NASDAQ Global Select Market tier...

  • Page 31
    ...data AS OF MARCH 31, (IN MILLIONS) 2010 2009 2008 2007 2006 Cash provided by continuing operating activities Working capital surplus (deficit) Working capital, excluding deferred... after-tax charges of $54 million for restructuring and other costs and an after-tax benefit of $5 million relating to ...

  • Page 32
    ... offer our software products and solutions directly to our customers through our direct sales force and indirectly through global systems integrators, managed service providers, technology partners, value-added resellers, exclusive representatives and distributors and volume partners. CA's business...

  • Page 33
    ... license agreements that were in effect during the period, generally including maintenance that is bundled with and not separately identifiable from software usage fees or product sales, (ii) maintenance agreements associated with providing customer technical support and access to software...

  • Page 34
    ... license agreement duration in years - The weighted average subscription and maintenance license agreement duration in years reflects the duration of all subscription and maintenance agreements executed during a period, weighted by the total contract value of each individual agreement. Annualized...

  • Page 35
    ...line items reported in our Consolidated Statements of Operations for fiscal 2010, 2009 and 2008 and the period-over-period dollar and percentage changes for those line items. DOLLAR YEAR ENDED MARCH 31, (DOLLARS IN MILLIONS) 2010 2009 2008 CHANGE 2010/2009 PERCENT CHANGE 2010/2009 DOLLAR CHANGE 2009...

  • Page 36
    ... THE YEAR ENDED MARCH 31, 2010 2009 2008 Revenue: Subscription and maintenance revenue Professional services Software fees and other Total revenue Expenses: Costs of licensing and maintenance Cost of professional services Amortization of capitalized software costs Selling and marketing General and...

  • Page 37
    ...and certain revenue associated with products sold on an upfront basis. In fiscal 2009 we recorded $5 million under the license agreement we entered into in connection with a litigation settlement entered into with Rocket Software, Inc. (Rocket) that expires in fiscal 2014. In fiscal 2010 we recorded...

  • Page 38
    ... in product support expenses and other costs. The increase in costs of licensing and maintenance for fiscal 2009 compared with fiscal 2008 was primarily due to the strategic partnership agreement that we signed with an outside third party relating to our Internet Security business during the...

  • Page 39
    ... the strategic partnership agreement relating to the development of products associated with our Internet Security business and increased capitalization of internally developed software, partially offset by higher personnel costs. For fiscal 2010, 2009 and 2008, product development and enhancements...

  • Page 40
    ...$4 million expense related to a loss on the sale of an investment in marketable securities associated with the closure of an international location. During fiscal 2008, we incurred $12 million in legal fees in connection with matters under review by the Special Litigation Committee. Interest expense...

  • Page 41
    ... for fiscal 2008 included charges of $26 million associated with certain corporate income tax rate reductions enacted in various non-U.S. tax jurisdictions (with corresponding impacts on our net deferred tax assets). As enacted income tax rates decline, the future value of the deferred tax assets...

  • Page 42
    ... our subscription and maintenance agreements, customers generally make installment payments over the term of the agreement, often with one payment due at contract execution, for the right to use our software products and receive product support, software fixes and new products when available. The...

  • Page 43
    ... "Critical Accounting Policies and Estimates" for additional information regarding the prior business model. Amounts due from customers under our subscription license model are offset by deferred revenue related to these license agreements, leaving no or minimal net carrying value for such amounts...

  • Page 44
    ... under our business model come due within fiscal 2011 through 2015, respectively. Cash generated by operating activities YEAR ENDED MARCH 31, (IN MILLIONS) 2010 2009 2008 $ CHANGE 2010/2009 2009/2008 Cash collections from billings(1) Vendor disbursements and payroll(1) Income tax payments Other...

  • Page 45
    ...December 2009 6.125% Senior Notes due December 2014 International line of credit Capital lease obligations and other Total - - - 25 - - - 501 - 44 $ 1,545 - - - 25 - 431 176 500 - 51 $ 1,908 $ 1,000 - $ 250 750 $ 1,000 - $ 750 - During fiscal 2010, we repaid $500 million of borrowing under our 2008...

  • Page 46
    ... of $0.04 per share as and when declared by our Board of Directors. Total cash dividends paid was $83 million, $83 million and $82 million for fiscal 2010, fiscal 2009 and fiscal 2008, respectively. Effect of exchange rate changes There was a $104 million favorable effect to our cash balances in...

  • Page 47
    ... make installment payments for the right to use our software products over the term of the associated software license agreement. While the timing of revenue recognition is affected by the offering of unspecified future software products, it generally has not changed the timing of how we bill and...

  • Page 48
    ... transactions with distributors and volume partners, value added resellers and exclusive representatives (sometimes referred to as the Company's "indirect" or "channel" revenue) and certain revenue associated with new or acquired products sold on an up-front basis. For bundle arrangements that...

  • Page 49
    ... reporting unit is allocated to all of the assets and liabilities of that unit (including any unrecognized intangible assets) as if the reporting unit had been acquired in a business combination and the fair value of the reporting unit was the purchase price paid to acquire the reporting unit. 38

  • Page 50
    ... the product became available for general release to customers. We amortize capitalized software costs using the straight-line method. Accounting for stock-based compensation We currently maintain several stock-based compensation plans. We use the Black-Scholes option-pricing model to compute the...

  • Page 51
    ... based on the quoted market price of our stock on the reporting period date. Each quarter, we compare the actual performance we expect to achieve with the performance targets. Legal contingencies We are currently involved in various legal proceedings and claims. Periodically, we review the status of...

  • Page 52
    ...Securities Exchange Act of 1934 (Exchange Act). Based on that evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that these disclosure controls and procedures are effective as of the end of the period covered by this report. (b) Management's report on internal control...

  • Page 53
    ...that the Company's internal control over financial reporting was effective as of the end of the period covered by this report. The Company's independent registered public accounting firm, KPMG LLP, have audited the effectiveness of the Company's internal control over financial reporting as stated in...

  • Page 54
    ... performing similar functions. Our Code of Conduct is available on our website at www.ca.com/investor. Any amendment or waiver to the "code of ethics" provisions of our Code of Conduct that applies to our directors or executive officers will be included in a report filed with the SEC on Form 8-K or...

  • Page 55
    ... Rights Agreement, dated as of November 30, 2007, relating to $500,000,000 5.625% Senior Notes Due 2014. CA, Inc. 1991 Stock Incentive Plan, as amended. Filed as Exhibit 3.3 to the Company's Current Report on Form 8-K dated March 6, 2006.** Filed as Exhibit 3.1 to the Company's Current Report on...

  • Page 56
    ... Award Certificate. Form of Incentive Stock Option Award Certificate (Employment Agreement). CA, Inc. Deferred Compensation Plan for John A. Swainson, dated April 29, 2005. Trust Agreement between Computer Associates International, Inc. and Fidelity Management Trust Company, dated as of April 29...

  • Page 57
    ...Inc. Executive Deferred Compensation Plan, effective February 25, 2008. CA, Inc. Change in Control Severance Policy. First Amendment to CA, Inc. 2003 Compensatory Plan for Non-Employee Directors. Amended and Restated Employment Agreement, dated December 8, 2008, between the Company and John Swainson...

  • Page 58
    ... Stock Option Certificate for William E. McCracken. Summary description of financial planning benefit available to certain executives. Amendment No. 2 to the CA, Inc. 2003 Compensation Plan for Non-Employee Directors. Form of Restricted Stock Unit Award Agreement for certain named executive officers...

  • Page 59
    ...' Equity - Years Ended March 31, 2010, 2009 and 2008. (iv) Consolidated Statements of Cash Flows - Years Ended March 31, 2010, 2009 and 2008. (v) Notes to Consolidated Financial Statements - March 31, 2010 tagged as blocks of text. * Management contract or compensatory plan or arrangement...

  • Page 60
    ... William E. McCracken Chief Executive Officer Dated: May 14, 2010 Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed by the following persons on behalf of the Registrant and in the capacities and on the dates indicated: By: /s/ Nancy E. Cooper Nancy...

  • Page 61
    ... E. McCracken William E. McCracken /s/ Richard Sulpizio Richard Sulpizio /s/ Laura S. Unger Laura S. Unger /s/ Arthur F. Weinbach Arthur F. Weinbach /s/ Renato Zambonini Renato (Ron) Zambonini Dated: May 14, 2010 Director Director Director Director Chief Executive Officer and Director Director...

  • Page 62
    ...Inc. and Subsidiaries Islandia, New York Annual report on form 10-k Item 8, Item 9A, Item 15(a)(1) and (2), and ITEM 15(c) List of consolidated financial statements and financial statement schedule Consolidated financial statements and financial statement schedule Year ended March 31, 2010 PAGE The...

  • Page 63
    ... statement schedule, and an opinion on the Company's internal control over financial reporting based on our audits. We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits...

  • Page 64
    ...) 2010 2009 2008 Revenue: Subscription and maintenance revenue Professional services Software fees and other Total revenue Expenses: Costs of licensing and maintenance Cost of professional services Amortization of capitalized software costs Selling and marketing General and administrative Product...

  • Page 65
    ...) 2010 2009 Assets Current assets Cash and cash equivalents Trade and installment accounts receivable, net Deferred income taxes - current Other current assets Total current assets Installment accounts receivable, due after one year, net Property and equipment, net Goodwill Capitalized software and...

  • Page 66
    ... 31, 2009 Net income Translation adjustment Unrealized gain on derivatives, net of $1 million in taxes Comprehensive income Stock-based compensation Dividends declared ($0.16 per share) Exercise of common stock options, ESPP, and other items Treasury stock purchased Balance as of March 31, 2010 See...

  • Page 67
    ... cash flows YEAR ENDED MARCH 31, (IN MILLIONS) 2010 2009 2008 Operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization Provision for deferred income taxes Provision for bad debts Share based compensation expense...

  • Page 68
    ... of foreign currency related derivatives, net of taxes, were approximately $(6) million, $7 million and $17 million in the fiscal years ended March 31, 2010, 2009 and 2008, respectively. (f) Revenue recognition: The Company begins to recognize revenue from software licensing and maintenance when...

  • Page 69
    ... license agreements that were in effect during the period, which generally include maintenance that is bundled with and not separately identifiable from software usage fees or product sales; (ii) maintenance agreements associated with providing customer technical support and access to software...

  • Page 70
    .... The related interest expense, net of tax, for the fiscal year ended March 31, 2008 was approximately $24 million. For the fiscal years ended March 31, 2010, 2009 and 2008, approximately 6 million, 14 million and 13 million restricted stock units and options to purchase common stock, respectively...

  • Page 71
    ... for general release to customers. The Company amortizes capitalized software costs using the straight-line method. Purchased software products: Purchased software products includes the cost of software technology acquired in purchase business combinations. In allocating the purchase price to...

  • Page 72
    ... of the aggregate purchase price over the fair value of the net tangible and identifiable intangible assets and in-process research and development acquired by the Company in a purchase business combination. Goodwill is not amortized into results of operations but instead is reviewed for impairment...

  • Page 73
    ... fiscal years ended March 31, 2010, 2009 and 2008 consisted of treasury shares issued in connection with the following: share-based incentive awards issued under the Company's equity compensation plans of approximately $65 million (net of approximately $24 million of withholding taxes), $53 million...

  • Page 74
    ... management. The total purchase price of the acquisition was approximately $200 million. • Cassatt Corporation (Cassatt) - On June 2, 2009, the Company acquired the data center automation and policy-based optimization assets of Cassatt. Cassatt was a provider of innovative cloud computing software...

  • Page 75
    ...2010 Plan is composed of a workforce reduction of approximately 1,000 positions and global facilities consolidations. These actions are intended to better align the Company's cost structure with the skills and resources required to more effectively pursue opportunities in the marketplace and execute...

  • Page 76
    ...in the accruals for fiscal years 2010 and 2009 associated with the Fiscal 2007 Plan were as follows: (IN MILLIONS) SEVERANCE FACILITIES ABANDONMENT Accrued balance as of March 31, 2008 Additions Payments Accrued balance as of March 31, 2009 Payments Reductions Accretion and other Accrued balance as...

  • Page 77
    ... ENDED MARCH 31, 2010 YEAR ENDED MARCH 31, 2009 Interest expense - interest rate swaps designated as cash flow hedges Interest income - interest rate swaps designated as fair value hedges Other expenses (gains), net - foreign currency contracts $ 6 $ $ 2 - $ (1) $ 20 $ (77) For the Company...

  • Page 78
    ... The Company does not manage its business by solution or focus area (i.e. product) and therefore does not maintain financial statements on such a basis. In addition to its United States operations, the Company operates through branches and wholly-owned subsidiaries in 46 foreign countries located in...

  • Page 79
    ...% or more of total revenue for the fiscal year ended March 31, 2010, 2009 or 2008. Note 6 - trade and installment accounts receivable The Company uses installment license agreements as a standard business practice and has a history of successfully collecting substantially all amounts due under the...

  • Page 80
    ... years ended March 31, 2010, 2009 and 2008, respectively, which was included in the "Amortization of capitalized software costs" line item in the Consolidated Statements of Operations. Other intangible assets: During fiscal years 2010 and 2009, the Company did not record impairment charges relating...

  • Page 81
    ...reporting unit. During the fourth quarter of fiscal year 2010, the Company performed its annual impairment review of goodwill and concluded that there was no impairment in fiscal year 2010. Similar impairment reviews were performed during the fourth quarter of fiscal years 2009 and 2008. The Company...

  • Page 82
    ... agreement of its lenders. Total interest expense relating to borrowings under the 2008 Revolving Credit Facility for fiscal years 2010, 2009 and 2008 was approximately $5 million, $24 million and $44 million, respectively. Borrowings under the 2008 Revolving Credit Facility bear interest at a rate...

  • Page 83
    ...1.625% Notes for shares of the Company's common stock at a price of $20.04 per share. Total interest expense associated with the 1.625% Notes was approximately $34 million and $45 million for the fiscal years ended March 31, 2010 and 2009, respectively. Interest expense included amortization expense...

  • Page 84
    ...- 44 $ 25 - $ - 51 International line of credit An unsecured and uncommitted multi-currency line of credit is available to meet short-term working capital needs for the Company's subsidiaries operating outside the United States. The line of credit is available on an offering basis, meaning that...

  • Page 85
    ...) on January 7, 2005. The Consolidated Complaint names as defendants Charles Wang, Sanjay Kumar, Ira Zar, Charles McWade, Peter Schwartz, William de Vogel, Richard Grasso, Roel Pieper, Russell Artzt, Alfonse D'Amato, Lewis Ranieri, Stephen Richards, Steven Woghin, David Kaplan, David Rivard, Lloyd...

  • Page 86
    ... of certain class action litigation commenced against the Company and certain officers and directors in 1998 and 2002, (2) compensatory and consequential damages in an amount not less than $500 million in connection with the investigations giving rise to the Deferred Prosecution Agreement (DPA...

  • Page 87
    ..., a lawsuit captioned Information Protection and Authentication of Texas LLC v. Symantec Corp., et al. was filed in the United States District Court for the Eastern District of Texas. The complaint seeks monetary damages in an undisclosed amount against 22 separate defendants including the Company...

  • Page 88
    ... tax expense computed at the federal statutory tax rate as follows: YEAR ENDED MARCH 31, (IN MILLIONS) 2010 2009 2008 Tax expense at U.S. federal statutory tax rate Increase in tax expense resulting from: Effect of international operations Corporate tax rate changes State taxes, net of federal tax...

  • Page 89
    ...(IN MILLIONS) 2010 2009 Deferred tax assets: Modified accrual basis accounting Share-based compensation Accrued expenses Net operating losses Purchased intangibles amortizable for tax purposes Depreciation Deductible state tax and interest benefits Purchased software Other Total deferred tax assets...

  • Page 90
    ... the fiscal years ending March 31, 2010, 2009 and 2008, respectively. A roll-forward of the Company's uncertain tax positions for all federal, state and foreign tax jurisdictions is as follows: MARCH 31, (IN MILLIONS) 2010 2009 Balance, beginning of year Additions for tax positions related to the...

  • Page 91
    ... compensation in the following line items in the Consolidated Statements of Operations for the periods indicated: YEAR ENDED MARCH 31, (IN MILLIONS) 2010 2009 2008 Cost of licensing and maintenance Cost of professional services Selling and marketing General and administrative Product development...

  • Page 92
    ... 19.17 36.32 $ 27.70 18.85 32.09 $ 27.21 20.87 18.96 41.94 $ 24.65 NUMBER (SHARES IN MILLIONS) OF SHARES WEIGHTED AVERAGE EXERCISE PRICE Options exercisable at: March 31, 2008 March 31, 2009 March 31, 2010 14.9 13.5 11.2 $28.22 $27.46 $24.67 The following table summarizes...

  • Page 93
    ... periods indicated: YEAR ENDED MARCH 31, (IN MILLIONS) 2010 2009 2008 Cash received from options exercised Intrinsic value of options exercised Tax benefit from options exercised (1) Less than $1 million. $ 11 2 -(1) $ 7 2 -(1) $ 19 7 2 Restricted stock and restricted stock unit awards RSAs are...

  • Page 94
    .... Under the terms of the Purchase Plan, employees were able to elect a withholding between 1% and 25% of their base pay through regular payroll deductions, subject to Internal Revenue Code of 1986 (the Code) limitations. Shares of the Company's common stock were purchased at six-month intervals at...

  • Page 95
    ...would occur on the next business day after: (i) the Company's announcement that a person or group (an Acquiring Person) has become the beneficial owner of 20% or more of the Company's outstanding common stock (other than Walter Haefner and his affiliates and associates, who are "grandfathered" under...

  • Page 96
    ... doubtful accounts (In millions) Year ended March 31, 2010 Year ended March 31, 2009 Year ended March 31, 2008 (1) Write-offs of amounts against allowance provided. $ 25 $ 31 $ 37 $ $ 6 9 $ (7) $ 24 $ 25 $ 31 $ (15) $ (28) $ 22 This concludes the Form 10-K portion of the Annual Report. 85

  • Page 97
    ... 3/09 3/10 CA Technologies S&P 500 Peer group *$100 invested on 3/31/05 in stock or index, including reinvestment of dividends. Fiscal year ending March 31. Copyright © 2010 S&P, a division of The McGraw-Hill Companies Inc. All rights reserved. 3/05 CA Technologies S&P 500 Peer group $100.00...

  • Page 98
    ... William E. McCracken Chief Executive Officer Russell M. Artzt Vice Chairman and Founder James E. Bryant Executive Vice President, Risk and Chief Administrative Officer Nancy E. Cooper Executive Vice President, Chief Financial Officer Dr. Donald F. Ferguson Executive Vice President, Chief Technology...

  • Page 99
    ... the Annual Report on Form 10-K, filed with the Securities and Exchange Commission, is available without charge upon written request addressed to: Investor relations CA Technologies, Inc. 520 Madison Avenue New York, NY 10022 The Form 10-K, quarterly earnings releases and general Company information...

  • Page 100
    ca.com Copyright © 2010 CA, Inc. All rights reserved. All trademarks, trade names, service marks and logos referenced herein belong to their respective companies.