Symantec 2013 Annual Report Download - page 153

Item 8. Financial Statements and Supplementary Data
Annual financial statements
The Consolidated Financial Statements and related disclosures included in Part IV, Item 15 of this annual
report are incorporated by reference into this Item 8.
Selected quarterly financial data
Fiscal 2013 Fiscal 2012
Mar. 29,
2013
Dec. 28,
2012
Sep. 28,
2012
Jun. 29,
2012
Mar. 30,
2012(a)
Dec. 31,
2010
Oct. 1,
2010
Jul. 2,
2010
(Unaudited)
(In millions, except per share data)
Net revenue .................... $1,748 $1,791 $1,699 $1,668 $1,681 $1,715 $1,681 $1,653
Gross profit .................... 1,440 1,492 1,415 1,384 1,394 1,444 1,416 1,394
Operating income ................ 251 298 305 269 192 300 285 302
Net income ..................... 188 212 193 172 559 241 182 190
Less: Income (loss) attributable to
noncontrolling interest .......... — — — — — 1 — (1)
Net income attributable to Symantec
Corporation stockholders ........ 188 212 193 172 559 240 182 191
Net income per share attributable to
Symantec Corporation
stockholders — basic ........... $ 0.27 $ 0.31 $ 0.27 $ 0.24 $ 0.77 $ 0.33 $ 0.24 $ 0.25
Net income per share attributable to
Symantec Corporation
stockholders — diluted ......... $ 0.26 $ 0.30 $ 0.27 $ 0.24 $ 0.76 $ 0.32 $ 0.24 $ 0.25
(a) In fiscal 2012, we sold our 49% ownership interest in the joint venture to Huawei for $530 million in cash.
The gain of $530 million, offset by costs to sell the joint venture of $4 million, was included in Gain from
sale of joint venture in our Consolidated Statements of Income.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.
Item 9A. Controls and Procedures
a) Evaluation of Disclosure Controls and Procedures
The SEC defines the term “disclosure controls and procedures” to mean a company’s controls and other
procedures that are designed to ensure that information required to be disclosed in the reports that it files or
submits under the Exchange Act is recorded, processed, summarized, and reported, within the time periods
specified in the SEC’s rules and forms. “Disclosure controls and procedures” include, without limitation, controls
and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files
or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its
principal executive and principal financial officers, or persons performing similar functions, as appropriate to
allow timely decisions regarding required disclosure. Our disclosure controls and procedures are designed to
provide reasonable assurance that such information is accumulated and communicated to our management. Our
Chief Executive Officer and our Chief Financial Officer have concluded, based on an evaluation of the
effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the
Exchange Act) by our management, with the participation of our Chief Executive Officer and our Chief Financial
Officer, that our disclosure controls and procedures were effective at the reasonable assurance level as of the end
of the period covered by this report.
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