Computer Associates 2007 Annual Report Download - page 87

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CA, Inc. and Subsidiaries
Consolidated Statements of Operations
(IN MILLIONS, EXCEPT PER SHARE AMOUNTS) 2007 2006 2005
YEAR ENDED MARCH 31,
Revenue:
Subscription revenue $ 3,067 $ 2,837 $2,586
Maintenance 391 415 426
Software fees and other 108 160 254
Financing fees 26 45 77
Professional services 351 315 240
Total Revenue 3,943 3,772 3,583
Expenses:
Amortization of capitalized software costs 354 449 447
Cost of professional services 326 263 222
Selling, general, and administrative 1,653 1,578 1,340
Product development and enhancements 712 697 708
Commissions, royalties, and bonuses 338 394 339
Depreciation and amortization of other intangible assets 148 134 130
Other gains, net (13) (15) (5)
Restructuring and other 201 88 28
Charge for in-process research and development costs 10 18 —
Shareholder litigation and government investigation settlements —— 234
Total Expenses Before Interest and Income Taxes 3,729 3,606 3,443
Income from continuing operations before interest and income taxes 214 166 140
Interest expense, net 60 41 106
Income from continuing operations before income taxes 154 125 34
Income tax expense (benefit) 33 (35) 7
Income from Continuing Operations 121 160 27
Loss from discontinued operations, inclusive of realized gains (losses) on sales, net of income taxes (3) (1) (3)
Net Income $118 $159 $24
Basic Income Per Share
Income from continuing operations $ 0.22 $ 0.28 $ 0.05
Loss from discontinued operations 0.00 (0.01) (0.01)
Net income $ 0.22 $ 0.27 $ 0.04
Basic weighted average shares used in computation 544 581 588
Diluted Income Per Share
Income from continuing operations $ 0.22 $ 0.27 $ 0.05
Loss from discontinued operations 0.00 0.00 (0.01)
Net income $ 0.22 $ 0.27 $ 0.04
Diluted weighted average shares used in computation 569 607 590
See Accompanying Notes to the Consolidated Financial Statements.
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