Computer Associates 2010 Annual Report Download - page 31

Download and view the complete annual report

Please find page 31 of the 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

Item 6. Selected financial data.
The information set forth below should be read in conjunction with the “Results of Operations” section included in Item 7,
“Management’s Discussion and Analysis of Financial Condition and Results of Operations.”
Statement of operations data
(IN MILLIONS, EXCEPT PER SHARE AMOUNTS) 2010 2009 2008 2007 2006
YEAR ENDED MARCH 31,
Revenue $ 4,353 $ 4,271 $ 4,277 $ 3,943 $ 3,772
Income from continuing operations
(1)
771 671 479 103 143
Basic income from continuing operations per share 1.48 1.29 0.92 0.19 0.25
Diluted income from continuing operations per share 1.47 1.29 0.92 0.19 0.25
Dividends declared per common share 0.16 0.16 0.16 0.16 0.16
Balance sheet and other data
(IN MILLIONS) 2010 2009 2008 2007 2006
AS OF MARCH 31,
Cash provided by continuing operating activities $ 1,360 $ 1,212 $ 1,103 $ 1,068 $ 1,380
Working capital surplus (deficit) 402 147 213 (34) (450)
Working capital, excluding deferred revenue
(2)
2,972 2,553 2,860 2,343 1,706
Total assets 11,838 11,241 11,731 11,479 11,118
Long-term debt (less current maturities) 1,530 1,287 2,155 2,472 1,683
Stockholders’ equity 4,983 4,362 3,750 3,716 4,798
(1) In fiscal 2010, 2009, 2008 and 2007, we incurred after-tax charges of $33 million, $64 million, $74 million and $124 million, respectively, for restructuring and other costs.
In fiscal 2007, we also incurred after-tax charges of $6 million for write-offs of in-process research and development costs due to acquisitions.
In fiscal 2006, we incurred after-tax charges of $54 million for restructuring and other costs and an after-tax benefit of $5 million relating to the gain on the divestiture of assets that were
contributed during the formation of Ingres Corp. We also incurred an after-tax charge of $18 million for write-offs of in-process research and development costs due to acquisitions.
(2) Deferred revenue includes all amounts billed or collected in advance of revenue recognition from all sources, including subscription license agreements, maintenance, and professional services. It
does not include unearned revenue on future installments not yet billed as of the respective balance sheet dates.
20