Computer Associates 2016 Annual Report Download - page 73
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CA, Inc. and Subsidiaries
Consolidated Statements of Operations
Year Ended March 31,
(in millions, except per share amounts) 2016 2015 2014
Revenue:
Subscription and maintenance $ 3,317 $ 3,560 $ 3,683
Professional services 326 351 379
Software fees and other 382 351 350
Total revenue $ 4,025 $ 4,262 $ 4,412
Expenses:
Costs of licensing and maintenance $ 283 $ 297 $ 296
Cost of professional services 300 338 353
Amortization of capitalized software costs 256 273 271
Selling and marketing 1,006 1,060 1,104
General and administrative 367 377 395
Product development and enhancements 560 603 574
Depreciation and amortization of other intangible assets 106 129 144
Other expenses, net 12 23 205
Total expenses before interest and income taxes $ 2,890 $ 3,100 $ 3,342
Income from continuing operations before interest and income taxes $ 1,135 $ 1,162 $ 1,070
Interest expense, net 51 47 54
Income from continuing operations before income taxes $ 1,084 $ 1,115 $ 1,016
Income tax expense 315 305 129
Income from continuing operations $ 769 $ 810 $ 887
Income from discontinued operations, net of income taxes 14 36 27
Net income $ 783 $ 846 $ 914
Basic income per common share:
Income from continuing operations $ 1.79 $ 1.83 $ 1.97
Income from discontinued operations 0.03 0.08 0.06
Net income $ 1.82 $ 1.91 $ 2.03
Basic weighted average shares used in computation 426 439 446
Diluted income per common share:
Income from continuing operations $ 1.78 $ 1.82 $ 1.96
Income from discontinued operations 0.03 0.08 0.06
Net income $ 1.81 $ 1.90 $ 2.02
Diluted weighted average shares used in computation 427 441 448
See accompanying Notes to the Consolidated Financial Statements
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