Symantec 2003 Annual Report Download - page 20

Download and view the complete annual report

Please find page 20 of the 2003 Symantec 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 76

  • 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

18 Symantec 2003
The following selected financial data is qualified in its entirety by and
should be read in conjunction with the more detailed consolidated
financial statements and related notes included elsewhere herein.
Historical results may not be indicative of future results.
During the past five years, we have acquired the following:
•Riptech, Recourse, SecurityFocus and Mountain Wave during fiscal
2003;
•Lindner & Pelc and Foster-Melliar’s enterprise security management
division during fiscal 2002;
•AXENT during fiscal 2001;
•20/20 Software, L-3 Network Security’s operations and URLabs
during fiscal 2000; and
•Quarterdeck, Intel’s and IBM’s antivirus businesses and the
operations of Binary Research during fiscal 1999.
Each of these acquisitions was accounted for as a purchase and, accord-
ingly, the operating results of these businesses have been included in
our consolidated financial statements since their respective dates of
acquisition.
On August 24, 2001, we divested our Web access management product
line. On December 31, 1999, we divested our Visual Café and ACT!
product lines. These product lines have been included in the results of
operations prior to disposition in our Other segment.
Selected Financial Data
Five-Year Summary
Year Ended March 31,
(IN THOUSANDS, EXCEPT NET INCOME (LOSS) PER SHARE) 2003 2002 2001 2000 1999
Statements of Operations Data:
Net revenues $1,406,946 $1,071,438 $853,554 $745,725 $592,628
Amortization of goodwill –196,806 71,336 17,884 6,175
Acquired in-process research and development 4,700 –22,300 4,300 27,465
Restructuring, site closures and other 11,089 20,428 3,664 9,018 5,105
Litigation judgment –3,055 – – 5,825
Operating income 341,512 8,041 109,600 135,203 27,841
Net income (loss) 248,438 (28,151) 63,936 170,148 50,201
Net income (loss) per share – basic $1.71 $(0.20) $ 0.49 $ 1.47 $ 0.44
Net income (loss) per share – diluted $1.54 $(0.20) $ 0.47 $ 1.37 $ 0.43
Shares used to compute net income (loss) per share – basic 145,395 143,604 129,474 115,740 113,202
Shares used to compute net income (loss) per share – diluted 170,718 143,604 136,474 124,428 118,578
March 31,
(IN THOUSANDS) 2003 2002 2001 2000 1999
Balance Sheet Data:
Working capital $1,093,522 $988,044 $ 369,184 $319,020 $ 94,036
Total assets 3,265,730 2,502,605 1,791,581 846,027 563,476
Convertible subordinated notes 599,998 600,000 – – –
Other long-term obligations, less current portion 6,729 7,954 2,363 1,553 1,455
Stockholders’ equity 1,764,379 1,319,876 1,376,501 617,957 345,113