Computer Associates 2013 Annual Report Download - page 54

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amounts of our billings backlog and trade receivables already reflected in our Consolidated Balance Sheets represent the
amounts we expect to collect in the future from committed contracts.
38
MARCH 31, 2013 MARCH 31, 2012
(in millions)
Billings backlog:
Amounts to be billed — current $ 2,142 $ 2,220
Amounts to be billed — noncurrent 2,175 2,623
Total billings backlog $ 4,317 $ 4,843
Revenue backlog:
Revenue to be recognized within the next 12 months — current $ 3,563 $ 3,714
Revenue to be recognized beyond the next 12 months — noncurrent 4,211 4,759
Total revenue backlog $ 7,774 $ 8,473
Deferred revenue (billed or collected) $ 3,457 $ 3,630
Total billings backlog 4,317 4,843
Total revenue backlog $ 7,774 $ 8,473
Note: Revenue backlog includes deferred subscription and maintenance and professional services revenue.
We can also estimate the total cash to be collected in the future from committed contracts, referred to as our ‘‘Expected
future cash collections,’’ by adding the total billings backlog to the trade accounts receivable, which represent amounts
already billed but not collected, from our Consolidated Balance Sheets.
MARCH 31, 2013 MARCH 31, 2012
(in millions)
Expected future cash collections:
Total billings backlog $ 4,317 $ 4,843
Trade accounts receivable, net 856 902
Total expected future cash collections $ 5,173 $ 5,745
The decrease in total billings backlog in fiscal 2013 compared with fiscal 2012 was primarily driven by a decrease in total
bookings.
The decrease in total expected future cash collections in fiscal 2013 compared with fiscal 2012 was primarily driven by a
decrease in billings backlog and to a lesser extent a decrease in trade accounts receivable.
The decrease in total revenue backlog in fiscal 2013 compared with fiscal 2012 was primarily due to the decline of total
bookings in fiscal 2013 and prior periods and the increase in the percentage of bookings recognized as software fees and
other revenue in fiscal 2013, which is not included in revenue backlog.
Revenue to be recognized in the next 12 months decreased by 4% at March 31, 2013 compared with March 31, 2012.
Excluding the effect of foreign exchange, revenue to be recognized in the next 12 months decreased by 3% at March 31,
2013 compared with March 31, 2012.
Based on fiscal 2013 performance and our expectation that our renewal portfolio for fiscal 2014 will be back-end loaded, we
expect a continued decline in current revenue backlog into the second half of fiscal 2014. Generally, we believe that an
increase or decrease in the current portion of revenue backlog on a year-over-year basis is a favorable or unfavorable
indicator of future subscription and maintenance revenue performance, respectively, due to the high percentage of our
revenue that is recognized from license agreements that are already committed and being recognized ratably.
Unbilled amounts relating to subscription licenses are mostly collectible over a period of one-to-five years and at March 31,
2013, on a cumulative basis, 50%, 80%, 94%, 98% and 100% come due within fiscal 2014 through 2018, respectively.