Symantec 2013 Annual Report Download - page 137

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benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement. We adjust
reserves for our uncertain tax positions due to changing facts and circumstances, such as the closing of a tax
audit, the refinement of estimates, or the realization of earnings or deductions that differ from our estimates. To
the extent that the final outcome of these matters is different than the amounts recorded, such differences will
impact our tax provision in our Consolidated Statements of Income in the period in which such determination is
made.
We must also assess the likelihood that deferred tax assets will be realized from future taxable income and,
based on this assessment establish a valuation allowance, if required. The determination of our valuation
allowance involves assumptions, judgments and estimates, including forecasted earnings, future taxable income,
and the relative proportions of revenue and income before taxes in the various domestic and international
jurisdictions in which we operate. To the extent we establish a valuation allowance or change the valuation
allowance in a period, we reflect the change with a corresponding increase or decrease to our tax provision in our
Consolidated Statements of Income.
RESULTS OF OPERATIONS
Total net revenue
Fiscal
2013
Change in Fiscal
2012
Change in Fiscal
2011$ % $ %
($ in millions)
Content, subscription, and maintenance revenue .... $6,021 $198 3% $5,823 $581 11% $5,242
Percentage of total net revenue ................. 87% 87% 85%
License revenue ............................. $ 885 $(22) (2)% $ 907 $ (41) (4)% $ 948
Percentage of total net revenue ................. 13% 13% 15%
Total net revenue ............................ $6,906 $176 3% $6,730 $540 9% $6,190
Fiscal 2013 compared to Fiscal 2012:
Content, subscription, and maintenance revenue increased primarily due to increases from our Storage and
Server Management segment of $94 million and Security and Compliance segment of $91 million. License
revenue includes sales of software licenses, appliances, and certain revenue sharing arrangements. License
revenue decreased primarily due to a decline from our Storage and Server Management segment of $27 million.
Fiscal 2012 compared to Fiscal 2011:
Content, subscription, and maintenance revenue increased primarily due to increases from our Security and
Compliance segment of $339 million, Consumer segment of $152 million, and Storage and Server Management
segment of $131 million, partially offset by a decrease in our Services segment of $41 million. License revenue
decreased primarily due to declines in our Storage and Server Management segment of $29 million and Security
and Compliance segment of $12 million.
Net revenue and operating income by segment
Consumer segment
Fiscal
2013
Change in Fiscal
2012
Change in Fiscal
2011$ % $ %
($ in millions)
Consumer revenue .................... $2,109 $ 5 0% $2,104 $151 8% $1,953
Percentage of total net revenue .......... 30% 31% 32%
Consumer operating income ............ $1,006 $(6) (1)% $1,012 $113 13% $ 899
Percentage of Consumer revenue ........ 48% 48% 46%
39