Computer Associates 2005 Annual Report Download - page 100

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Table of Contents
COMPUTER ASSOCIATES INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
Year Ended March 31,
2005 2004 2003
(restated) (restated) (restated)
(in millions, except per share amounts)
Revenue:
Subscription revenue $ 2,544 $ 2,101 $ 1,578
Maintenance 441 520 648
Software fees and other 254 331 364
Financing fees 77 134 219
Professional services 244 234 248
TOTAL REVENUE 3,560 3,320 3,057
Operating Expenses:
Amortization of capitalized software costs 447 463 465
Cost of professional services 229 224 242
Selling, general, and administrative 1,346 1,300 1,384
Product development and enhancements 704 693 688
Commissions and royalties 339 267 243
Depreciation and amortization of other intangible assets 130 134 140
Goodwill impairment
—
—
80
Other gains/expenses, net (5 ) 52 94
Restructuring charge 28
—
—
Shareholder litigation and government investigation settlements 234 168
—
TOTAL EXPENSES BEFORE INTEREST AND TAXES 3,452 3,301 3,336
Income (loss) from continuing operations before interest and taxes 108 19 (279)
Interest expense, net 106 117 169
Income (loss) from continuing operations before taxes 2 (98) (448)
Tax expense (benefit) 4 (17) (108)
LOSS FROM CONTINUING OPERATIONS (2 ) (81) (340)
Income from discontinued operation, inclusive of realized gain on sale in 2004 of $60,
net of income taxes
—
61 3
Adjustment to gain on disposal of discontinued operation, net of income taxes (2 )
—
—
NET LOSS $(4 ) $ (20) $(337)
BASIC LOSS PER SHARE
Loss from continuing operations $(0.01 ) $ (0.14) $(0.60)
Income from discontinued operation
—
0.11 0.01
Net loss $(0.01 ) $ (0.03) $(0.59)
Basic weighted average shares used in computation 588 580 575
DILUTED LOSS PER SHARE
Loss from continuing operations $ (0.01 ) $ (0.14) $ (0.60)
Income from discontinued operation
—
0.11 0.01
Net loss $ (0.01 ) $ (0.03) $ (0.59)