Computer Associates 2007 Annual Report Download - page 112

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In addition to its United States operations, the Company operates through branches and wholly-owned subsidiaries in 46
foreign countries located in North America (3), Africa (1), South America (6), Asia/Pacific (16), and Europe (20). Revenue is
allocated to a geographic area based on the location of the sale. The following table presents information about the Company
by geographic area for the fiscal years ended March 31, 2007, 2006 and 2005:
(IN MILLIONS)
UNITED
STATES EUROPE OTHER ELIMINATIONS TOTAL
March 31, 2007
Revenue
To unaffiliated customers $ 2,131 $ 1,131 $ 681 $ — $ 3,943
Between geographic areas
1
510 — — (510) —
Total revenue 2,641 1,131 681 (510) 3,943
Property and equipment, net 242 177 50 — 469
Identifiable assets 9,241 908 436 — 10,585
Total liabilities 5,545 879 471 — 6,895
March 31, 2006
Revenue
To unaffiliated customers $ 2,006 $ 1,123 $ 643 $ — $ 3,772
Between geographic areas
1
459 — — (459) —
Total revenue 2,465 1,123 643 (459) 3,772
Property and equipment, net 428 166 40 — 634
Identifiable assets 9,130 1,054 336 — 10,520
Total liabilities 4,296 948 522 — 5,766
March 31, 2005
Revenue:
To unaffiliated customers $ 1,878 $ 1,096 $ 609 $ — $ 3,583
Between geographic areas
1
472 — — (472) —
Total revenue 2,350 1,096 609 (472) 3,583
Property and equipment, net 404 184 34 — 622
Identifiable assets 9,916 1,144 395 — 11,455
Total liabilities 5,081 903 401 — 6,385
1 Represents royalties from foreign subsidiaries determined as a percentage of certain amounts invoiced to customers.
No single customer accounted for 10% or more of total revenue for the fiscal years ended March 31, 2007, 2006, or 2005.
Note 6 — Trade and Installment Accounts Receivable
The Company uses installment license agreements as a standard business practice and has a history of successfully collecting
substantially all amounts due under the original payment terms without making concessions on payments, software products,
maintenance, or professional services. Net trade and installment accounts receivable represent financial assets derived from
the committed amounts due from the Company’s customers that have been earned by the Company. These accounts
receivable balances are reflected net of unamortized discounts based on imputed interest for the time value of money for
license agreements under our prior business model, unearned revenue attributable to maintenance and allowances for
100