Computer Associates 2007 Annual Report Download - page 39

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ITEM 6. SELECTED FINANCIAL DATA.
The information set forth below should be read in conjunction with Item 7, “Management’s Discussion and Analysis of
Financial Condition and Results of Operations”, included in this Form 10-K. Previously reported information contained in the
Statements of Operations has been adjusted for the effects of the discontinued operations of Benit Company (“Benit”). The
assets and liabilities for Benit, as well as the cash flows, were deemed immaterial for separate presentation as a discontinued
operation in the Consolidated Balance Sheets and Consolidated Statements of Cash Flow. Refer to Note 2, “Acquisitions and
Divestitures,” of the Consolidated Financial Statements for additional information.
Statement of Operations Data
(IN MILLIONS, EXCEPT PER SHARE AMOUNTS) 2007 2006 2005 2004 2003
YEAR ENDED MARCH 31,
Revenue $ 3,943 $ 3,772 $ 3,583 $ 3,306 $ 3,029
Income (loss) from continuing operations
1
121 160 27 (89) (374)
Basic income (loss) from continuing operations per share 0.22 0.28 0.05 (0.15) (0.65)
Diluted income (loss) from continuing operations per share 0.22 0.27 0.05 (0.15) (0.65)
Dividends declared per common share 0.16 0.16 0.08 0.08 0.08
Balance Sheet and Other Data
(IN MILLIONS) 2007 2006 2005 2004 2003
MARCH 31,
Cash provided by continuing operating activities $ 1,068 $ 1,380 $ 1,527 $ 1,279 $ 1,310
Working (deficit) capital
2
(613) (619) 182 674 (292)
Total assets
2
10,585 10,520 11,455 10,882 11,446
Deferred subscription value
3
5,800 5,415 5,486 4,354 3,959
Long-term debt (less current maturities) 2,572 1,813 1,810 2,298 2,298
Stockholders’ equity 3,690 4,754 5,070 4,947 4,598
1 In fiscal year 2007, we incurred after-tax charges of approximately $124 million for restructuring and other costs and approximately $6 million for write-offs of in-process research and development
costs due to our recent acquisitions. In fiscal year 2006, we incurred after-tax charges of approximately $54 million for restructuring and other costs and an after-tax benefit of approximately
$5 million relating to the gain on the divestiture of assets that were contributed during the formation of Ingres Corp.We also incurred an after-tax charge of approximately $18 million for write-offs of
in-process research and development costs due to our recent acquisitions. In fiscal year 2005, we incurred an after-tax charge of approximately $144 million related to the shareholder litigation and
government investigation settlements, a tax expense charge of $55 million related to the planned repatriation of $500 million in cash under the American Jobs Creation Act of 2004, and an after-tax
charge of approximately $17 million for severance and other expenses in connection with a restructuring plan. Refer to “Shareholder Litigation and Government Investigation Settlement,” “Income
Taxes,” and “Restructuring Charge” within Item 7 “Management’s Discussion and Analysis of Financial Condition and Results of Operations” for additional information.
2 Certain prior year balances have been reclassified to conform to the current year’s presentation. Refer to Note 1, “Significant Accounting Policies — Reclassifications”, in the Notes to the
Consolidated Financial Statements for additional information.
3 See Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations”, for details.
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