Computer Associates 2008 Annual Report Download - page 74

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CA, Inc. and Subsidiaries
Consolidated Statements of Operations
(IN MILLIONS, EXCEPT PER SHARE AMOUNTS) 2008 2007 2006
YEAR ENDED MARCH 31,
Revenue:
Subscription and maintenance revenue $ 3,762 $ 3,458 $ 3,252
Professional services 383 351 315
Software fees and other 132 134 205
Total Revenue 4,277 3,943 3,772
Expenses:
Costs of licensing and maintenance 267 244 236
Cost of professional services 350 326 263
Amortization of capitalized software costs 117 354 449
Selling and marketing 1,258 1,269 1,327
General and administrative 632 646 547
Product development and enhancements 516 544 559
Depreciation and amortization of other intangible assets 156 148 134
Other expenses (gains), net 6(13) (15)
Restructuring and other 121 201 88
Charge for in-process research and development costs —10 18
Total Expenses Before Interest and Income Taxes 3,423 3,729 3,606
Income from continuing operations before interest and income taxes 854 214 166
Interest expense, net 46 60 41
Income from continuing operations before income taxes 808 154 125
Income tax expense (benefit) 308 33 (35)
Income from Continuing Operations 500 121 160
Loss from discontinued operations, inclusive of realized losses on sale, net of income taxes —(3) (1)
Net Income $ 500 $ 118 $ 159
Basic Income Per Share
Income from continuing operations $ 0.97 $ 0.22 $ 0.28
Loss from discontinued operations —— (0.01)
Net income $ 0.97 $ 0.22 $ 0.27
Basic weighted average shares used in computation 514 544 581
Diluted Income Per Share
Income from continuing operations $ 0.93 $ 0.22 $ 0.27
Loss from discontinued operations ———
Net income $ 0.93 $ 0.22 $ 0.27
Diluted weighted average shares used in computation 541 569 607
See accompanying Notes to the Consolidated Financial Statements.
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