Symantec 2011 Annual Report Download - page 134
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SYMANTEC CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
April 1,
2011
April 2,
2010
April 3,
2009 *
Year Ended
(In millions, except per share data)
Net revenue:
Content, subscription, and maintenance ............................. $5,266 $5,034 $ 4,863
License . . . ................................................. 924 951 1,287
Total net revenue ........................................... 6,190 5,985 6,150
Cost of revenue:
Content, subscription, and maintenance ............................. 903 849 840
License . . . ................................................. 27 22 35
Amortization of acquired product rights ............................ 115 234 352
Total cost of revenue ........................................ 1,045 1,105 1,227
Gross profit ................................................. 5,145 4,880 4,923
Operating expenses:
Sales and marketing ........................................... 2,622 2,367 2,386
Research and development ...................................... 862 857 870
General and administrative ...................................... 390 352 343
Amortization of other purchased intangible assets ..................... 270 247 233
Restructuring and transition ..................................... 92 94 96
Impairment of intangible assets and goodwill ........................ 27 — 7,419
Loss and impairment of assets held for sale ......................... 2 30 46
Total operating expenses ...................................... 4,265 3,947 11,393
Operating income (loss) .......................................... 880 933 (6,470)
Interest income .............................................. 10 6 37
Interest expense .............................................. (143) (129) (125)
Other (expense) income, net ..................................... (2) 55 8
Loss on early extinguishment of debt .............................. (16) — —
Income (loss) before income taxes and loss from joint venture ............. 729 865 (6,550)
Provision for income taxes ...................................... 105 112 183
Loss from joint venture ........................................ 31 39 53
Net income (loss) .............................................. 593 714 (6,786)
Less: Loss attributable to noncontrolling interest ........................ (4) — —
Net income (loss) attributable to Symantec Corporation stockholders ......... $ 597 $ 714 $(6,786)
Net income (loss) per share attributable to Symantec Corporation
stockholders — basic .......................................... $ 0.77 $ 0.88 $ (8.17)
Net income (loss) per share attributable to Symantec Corporation
stockholders — diluted ......................................... $ 0.76 $ 0.87 $ (8.17)
Weighted-average shares outstanding attributable to Symantec Corporation
stockholders — basic .......................................... 778 810 831
Weighted-average shares outstanding attributable to Symantec Corporation
stockholders — diluted ......................................... 786 819 831
* As adjusted for the retrospective adoption of authoritative guidance on convertible debt instruments.
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
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