Computer Associates 2013 Annual Report Download - page 76

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CA, Inc. and Subsidiaries
Consolidated Statements of Operations
YEAR ENDED MARCH 31,
(in millions, except per share amounts) 2013 2012 2011
Revenue:
Subscription and maintenance revenue $ 3,858 $ 4,021 $ 3,822
Professional services 382 382 327
Software fees and other 403 411 280
Total revenue $ 4,643 $ 4,814 $ 4,429
Expenses:
Costs of licensing and maintenance $ 284 $ 286 $ 278
Cost of professional services 354 357 303
Amortization of capitalized software costs, including impairment of $55 for fiscal year 2013 319 225 192
Selling and marketing 1,276 1,394 1,286
General and administrative 405 462 451
Product development and enhancements 490 510 471
Depreciation and amortization of other intangible assets 158 176 187
Other (gains) expenses, net (5) 15 7
Total expenses before interest and income taxes $ 3,281 $ 3,425 $ 3,175
Income from continuing operations before interest and income taxes $ 1,362 $ 1,389 $ 1,254
Interest expense, net 44 35 45
Income from continuing operations before income taxes $ 1,318 $ 1,354 $ 1,209
Income tax expense 363 416 386
Income from continuing operations $ 955 $ 938 $ 823
Income from discontinued operations, net of income taxes —13 4
Net income $ 955 $ 951 $ 827
Basic income per common share
Income from continuing operations $ 2.07 $ 1.91 $ 1.60
Income from discontinued operations — 0.03 0.01
Net income $ 2.07 $ 1.94 $ 1.61
Basic weighted average shares used in computation 456 486 506
Diluted income per common share
Income from continuing operations $ 2.07 $ 1.90 $ 1.60
Income from discontinued operations — 0.03 0.01
Net income $ 2.07 $ 1.93 $ 1.61
Diluted weighted average shares used in computation 457 487 507
See accompanying Notes to the Consolidated Financial Statements
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