Computer Associates 2011 Annual Report Download

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One goal.
Our customers’ success.
Annual report 2011

Table of contents

  • Page 1
    Annual report 2011 One goal. Our customers' success.

  • Page 2
    William E. McCracken Chief Executive Officer

  • Page 3
    .... Today, we're focused on helping all of our customers manage, secure and automate IT in any environment-from physical, to virtual, to cloud. With CA Technologies, our customers can reliably deliver more flexible IT services and, in turn, offer new products, improve service and compete better.

  • Page 4
    ...we invested approximately $1 billion in order to acquire and develop technology that helps customers meet changing business demands. For example, our purchase of Arcot Systems, Inc. enables us to offer second-level authentication through a cloud-based security service. We expanded the breadth of our...

  • Page 5
    ..., increase satisfaction at its clinics and help reduce capital costs by 25 percent. "We consider CA Technologies a strategic partner that offers a practical, efficient and realistic approach to meeting our business objectives," said Intermountain Healthcare CIO Marc Probst. 5 | Letter from CEO

  • Page 6
    ... Tech Todd Abrams, founder and executive vice president of Layered Tech, knows firsthand the benefits of having access to powerful technology such as CA 3Tera AppLogic. Layered Tech is a leader in compliance-based managed hosting services with data centers in the United States, Europe and Japan...

  • Page 7
    ... our employees around the world who have done so much to bring us this far. We believe that the best is yet to come, and we are excited about the prospects of the next 35 years and beyond. Thank you for your continued support, William E. McCracken Chief Executive Officer CA Technologies 7 | Letter...

  • Page 8
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  • Page 9
    ... (Zip Code) One CA Plaza, Islandia, New York (Address of Principal Executive Offices) 1-800-225-5224 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: (Title of each class) (Name of each exchange on which registered) Common stock, par...

  • Page 10
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  • Page 11
    ... III Directors, executive officers and corporate governance ...Executive compensation ...Security ownership of certain beneficial owners and management and related stockholder matters . Certain relatonships and related transactions, and director independence ...Principal accountant fees and services...

  • Page 12
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  • Page 13
    ... Office of Government Commerce in the United Kingdom and other countries. All other trademarks, trade names, service marks and logos referenced herein, belong to their respective companies. References in this Form 10-K to fiscal 2011, fiscal 2010 and fiscal 2009, etc. are to our fiscal years ended...

  • Page 14
    ...the conference, we announced the change of our brand name to CA Technologies. We also introduced the CA Cloud-Connected Management Suite to help customers manage and secure IT in the cloud. • In May 2010, we announced a new stock repurchase program that authorizes us to purchase up to $500 million...

  • Page 15
    ... of identity and access management solutions. Our security solutions include CA SiteMinder», CA Access Control, CA Identity Manager, CA Arcot RiskFortTM and CA Arcot WebFort». • Project and Portfolio Management (PPM), where our CA ClarityTM PPM product is designed to help customers improve IT...

  • Page 16
    ... global systems integrators, technology partners, managed service providers, solution providers, distributors and volume partners, and exclusive representatives. We deliver all of our products on-premises or, for certain products, using SaaS. We license our products worldwide. We service companies...

  • Page 17
    ... most major industries worldwide, including banks, insurance companies, other financial services providers, government agencies, manufacturers, technology companies, retailers, educational organizations and health care institutions. When customers enter into software license agreements with us, they...

  • Page 18
    ... and partners through installing, employing and leveraging IT management software. In fiscal 2011, we announced Go Live with CA Technologies to further enhance the customer and partner experience and value after the sale. This program integrates professional, educational and support services to...

  • Page 19
    ... United States, product development is primarily performed at our facilities in Redwood City and San Francisco, California; Lisle, Illinois; Framingham, Massachusetts; Ewing, New Jersey; Islandia, New York; Pittsburgh, Pennsylvania; Plano and Austin, Texas; and Herndon, Virginia. Our engineers work...

  • Page 20
    ...common stock was traded on the New York Stock Exchange under the symbol "CA." On April 28, 2008, we commenced trading on The NASDAQ Global Select Market tier of The NASDAQ Stock Market LLC under the same symbol. Our corporate website address is www.ca.com. All filings we make with the Securities and...

  • Page 21
    ... and Resource Guide (applicable to all of our employees, including our Chief Executive Officer, Chief Financial Officer, Principal Accounting Officer, and our directors). These documents can also be obtained in print by writing to our Corporate Secretary, CA, Inc., One CA Plaza, Islandia, NY 11749...

  • Page 22
    ... technical services, finance, human resources and facilities functions; • Effectively staffing key managerial and technical positions; • Successfully localizing software products for a significant number of international markets; • More restrictive employment regulation; • Trade restrictions...

  • Page 23
    ... cash flow. Failure to expand our partner programs related to the sale of CA solutions may result in lost sales opportunities, increases in expenses and a weakening in our competitive position. We sell CA solutions through global systems integrators, technology partners, managed service providers...

  • Page 24
    ... expect product and service offerings and pricing competition to increase. Some of our competitors have longer operating histories, greater name recognition, a larger installed base of customers in any particular market niche, larger technical staffs, established relationships with hardware vendors...

  • Page 25
    ... these companies' hardware or software. Although we have to date been able to adapt our products and our business to changes introduced by hardware manufacturers and system software developers, there can be no assurance that we will be able to do so in the future. Failure to adapt our products in...

  • Page 26
    ... revenue and loss of market share; • Loss of customers, including the inability to obtain repeat business with existing key customers; • Damage to our reputation; • Failure to achieve market acceptance; • Diversion of development resources; • Increased service and warranty costs; • Legal...

  • Page 27
    ... of our software contracts. These factors can make it difficult for us to predict sales and cash flow on a quarterly basis. Any failure or delay in executing new or renewed license agreements in a given quarter could cause declines in some of our key financial metrics (e.g., revenue or cash...

  • Page 28
    ... our customer's license, code and information for third-party software and hardware that enables us to develop compatible products and interfaces. Such code and information includes: "source code," which is human-readable and makes the software understandable to programmers; "object code," which is...

  • Page 29
    ... sales and operating requirements. All of the properties are considered to be both suitable and adequate to meet current and anticipated operating requirements. At March 31, 2011, we leased 61 facilities throughout the United States, including our corporate headquarters located in Islandia, New York...

  • Page 30
    ... Manager of North America Sales from 2004 to 2007. Before joining the Company, Mr. Fischer held a number of leadership positions at Platinum Technology Inc., a provider of software products and IT consulting services. Amy Fliegelman Olli, 47, has been Executive Vice President and General Counsel...

  • Page 31
    ..., 51, has been Chief Communications Officer of the Company since June 2010. He is responsible for media relations, employee and executive communications and corporate philanthropy, working closely with the Company's government affairs, marketing and investor relations departments. Mr. Hughes joined...

  • Page 32
    ...of equity securities. Our common stock is traded on The NASDAQ Global Select Market tier of The NASDAQ Stock Market LLC ("NASDAQ") under the symbol "CA." The following table sets forth, for the fiscal quarters indicated, the quarterly high and low closing sales prices on NASDAQ: FISCAL 2011 HIGH LOW...

  • Page 33
    ... due to acquisitions. (3) Deferred revenue includes amounts billed or collected in advance of revenue recognition, including subscription license agreements, maintenance, and professional services. It does not include unearned revenue on future installments not yet billed at the respective balance...

  • Page 34
    ... global outsourcers, regional managed service providers and communication network operators. To enable us to execute our growth strategy more effectively, we have: • Completed several key acquisitions during fiscal 2011 in an effort to expand our product portfolio, including Arcot Systems...

  • Page 35
    ..., consisting primarily of the CA Records Manager and CA Message Manager software offerings and related professional services. At the end of fiscal 2011, we identified our Internet Security business as available for sale, and on April 28, 2011 signed an agreement for the sale of this business. The...

  • Page 36
    ... we define as technology acquired within the prior 12 months). Revenue from software fees and other for fiscal 2011 increased by $106 million, or 61%, compared with the prior period, primarily due to revenue from the successful integration of service assurance technologies associated with one of...

  • Page 37
    ... including general trends, can be found in the "Results of Operations" and "Liquidity and Capital Resources" sections of this MD&A. Total revenue - Total revenue is the amount of revenue recognized during the reporting period from the sale of license, maintenance and professional services agreements...

  • Page 38
    ... of the underlying agreements and is reported as subscription and maintenance revenue in our Consolidated Statements of Operations. Generally, we believe that an increase in the current portion of revenue backlog is a positive indicator of future revenue growth. Deferred revenue (billed or collected...

  • Page 39
    ... YEAR ENDED MARCH 31, (DOLLARS IN MILLIONS) 2011(1) 2010(1) 2009(1) CHANGE 2011/2010 PERCENT CHANGE 2011/2010 DOLLAR CHANGE 2010/2009 PERCENT CHANGE 2010/2009 Revenue: Subscription and maintenance revenue Professional services Software fees and other Total revenue Expenses: Costs of licensing and...

  • Page 40
    ... in mainframe capacity and new mainframe product sales. Bookings in Europe, Middle East and Africa (EMEA) region declined due to the lower number of scheduled renewals and new product sales during fiscal 2011. This decline was mostly offset by growth in the United States. We expect the fiscal...

  • Page 41
    ...generally does not include new product and capacity sales and professional services arrangements, ended flat compared to the prior year. Excluding one large IT outsourcer for approximately $500 million, the renewals would have been down approximately 15%, primarily due to the timing of certain deals...

  • Page 42
    ...this agreement. Total revenue by geography The following table presents the amount of revenue earned from sales to unaffiliated customers in the United States and international regions and corresponding percentage changes for fiscal 2011, 2010 and 2009. FISCAL 2011 COMPARED WITH FISCAL 2010 (DOLLARS...

  • Page 43
    ... groups, finance, legal, human resources, corporate communications and other costs such as provisions for doubtful accounts. The decrease in general and administrative expenses for fiscal 2011 compared with fiscal 2010 was primarily related to a decrease in personnel-related and office costs of $29...

  • Page 44
    ... assets, foreign currency exchange rate changes and certain other items. YEAR ENDED MARCH 31, (IN MILLIONS) 2011 2010 2009 Gains attributable to divestitures of assets Changes in foreign currency exchange rates Expenses attributable to litigation claims and settlements Total $ (11) 18 9 $ 16...

  • Page 45
    For fiscal 2011, we recorded a benefit of $2 million relating to adjustments to changes in estimated costs for our Fiscal 2010 and Fiscal 2007 Plans. For fiscal 2010 and 2009, we incurred expenses of $46 million and $96 million, respectively, primarily related to severance and lease abandonment and ...

  • Page 46
    ...the quarter ended March 31, 2010. Liquidity and capital resources Our cash and cash equivalent balances are held in numerous locations throughout the world, with 47% held in our subsidiaries outside the United States at March 31, 2011. Cash, cash equivalents and marketable securities totaled $3,228...

  • Page 47
    .... Sources and uses of cash Under our subscription and maintenance agreements, customers generally make installment payments over the term of the agreement, often with at least one payment due at contract execution, for the right to use our software products and receive product support, software...

  • Page 48
    ... our Consolidated Balance Sheets. MARCH 31, (IN MILLIONS) 2011 2010 Expected future cash collections: Total billings backlog(1) Trade and installment accounts receivable - current, net Installment accounts receivable - noncurrent, net Total expected future cash collections (1) $5,194 849 - $6,043...

  • Page 49
    Cash Generated by operating activities YEAR ENDED MARCH 31, (IN MILLIONS) 2011(1) 2010(1) 2009(1) $ CHANGE 2011 / 2010 2010 / 2009 Cash collections from billings (2) (2) $ 4,774 (3,075) (222) $ 4,653 (2,896) (329) (92) $ 1,336 $ 4,607 (3,013) (351) (59) $ 1,184 $ 121 (179) 107 (8) $ 41 $ 46 ...

  • Page 50
    ... On May 12, 2010, our Board of Directors approved a stock repurchase program that authorizes us to acquire up to $500 million of our common stock. During fiscal 2011, we entered into brokerage arrangements with third-party financial institutions to purchase our common stock in the open market on our...

  • Page 51
    ...$83 million and $83 million for fiscal 2011, 2010 and 2009, respectively. On May 12, 2011, we announced an increase of the Company's regular quarterly dividend to $0.05 per share as and when declared by the Board of Directors. Effect of exchange rate changes There was an $89 million favorable effect...

  • Page 52
    ... is removed through the receipt of cash payment. We do not typically offer installment payments for perpetual license agreements that are recognized up-front, within "Software fees and other." See Note 1, "Significant Accounting Policies" for additional information on our revenue recognition policy...

  • Page 53
    ... goodwill impairment based on a single reporting unit. We are in the process of reorganizing our internal management reporting and will change our segment reporting in the first quarter of fiscal 2012, which could give rise to changing how the Company tests for goodwill impairment. The goodwill...

  • Page 54
    ...to estimate technological feasibility, the reported product development and enhancement expense could have been affected. Annual amortization of capitalized software costs is the greater of the amount computed using the ratio that current gross revenues for a product bear to the total of current and...

  • Page 55
    ... rates relates primarily to our investment portfolio, debt and installment accounts receivable. We have a prescribed methodology whereby we invest our excess cash in investments that are composed of money market funds, debt instruments of government agencies and investment grade corporate issuers...

  • Page 56
    ..., the Chief Executive Officer and Chief Financial Officer have concluded that these disclosure controls and procedures are effective at the end of the period covered by this Form 10-K. (b) Management's report on internal control over financial reporting The Company's management is responsible...

  • Page 57
    ... end of the period covered by this Form 10-K. The Company's independent registered public accounting firm, KPMG LLP, has audited the effectiveness of the Company's internal control over financial reporting as stated in their report which appears on page 55 of this Form 10-K. (c) Changes in internal...

  • Page 58
    ... "Compensation and Human Resources Committee Report on Executive Compensation" in the definitive proxy statement to be filed with the SEC relating to our 2011 Annual Meeting of Stockholders is incorporated herein by reference. Item 12. Security ownership of certain beneficial owners and management...

  • Page 59
    ... Indenture dated as of June 1, 2008. Addendum to Registration Rights Agreement, dated as of November 30, 2007, relating to $500,000,000 5.625% Senior Notes Due 2014. CA, Inc. 1991 Stock Incentive Plan, as amended. Filed as Exhibit 3.3 to the Company's Current Report on Form 8-K dated March 6, 2006...

  • Page 60
    ... Award Certificate (Employment Agreement). CA, Inc. Deferred Compensation Plan for John A. Swainson, dated April 29, 2005. Trust Agreement between Computer Associates International, Inc. and Fidelity Management Trust Company, dated as of April 29, 2005. Program whereby certain designated employees...

  • Page 61
    ... Company and Nancy E. Cooper. Amended and Restated Employment Agreement, dated as of September 30, 2009, between the Company and Amy Fliegelman Olli. Retention Letter Agreement dated as of October 1, 2009, between the Company and Michael J. Christenson. Filed as Exhibit 10.52 to the Company's Annual...

  • Page 62
    ..., 2010. Employment Agreement dated as of May 6, 2010 between the Company and William E. McCracken. Employment Agreement, dated as of June 23, 2010, between the Company and David C. Dobson. Summary description of Director compensation. Schedules A, B, and C (as amended) to CA, Inc. Change in Control...

  • Page 63
    ... the Sarbanes-Oxley Act of 2002. Certification of the CFO pursuant to §302 of the Sarbanes-Oxley Act of 2002. Certification pursuant to §906 of the SarbanesOxley Act of 2002. The following financial statements from CA, Inc.'s Annual Report on Form 10-K for the year ended March 31, 2011, formatted...

  • Page 64
    ... and in the capacities and on the dates indicated: By: /s/ Nancy E. Cooper Nancy E. Cooper Executive Vice President and Chief Financial Officer (Principal Financial Officer) By: /s/ Richard J. Beckert Richard J. Beckert Corporate Controller (Principal Accounting Officer) Dated: May 16, 2011 52

  • Page 65
    ... /s/ GARY J. FERNANDES Gary J. Fernandes /s/ ROHIT KAPOOR Rohit Kapoor /s/ KAY KOPLOVITZ Kay Koplovitz /s/ CHRISTOPHER B. LOFGREN Christopher B. Lofgren /s/ WILLIAM E. MCCRACKEN William E. McCracken Director Director Director Director Director Director /s/ RICHARD SULPIZIO Richard Sulpizio...

  • Page 66
    ... Financial Statements of CA, Inc. and subsidiaries are included in Items 8 and 9A: Report of Independent Registered Public Accounting Firm Consolidated Statements of Operations - Years Ended March 31, 2011, 2010, and 2009 Consolidated Balance Sheets - March 31, 2011 and 2010 Consolidated Statements...

  • Page 67
    ... consolidated financial statement schedule, and an opinion on the Company's internal control over financial reporting based on our audits. We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan...

  • Page 68
    ...) 2011 2010 2009 Revenue: Subscription and maintenance revenue Professional services Software fees and other Total revenue Expenses: Costs of licensing and maintenance Cost of professional services Amortization of capitalized software costs Selling and marketing General and administrative Product...

  • Page 69
    CA, Inc. and subsidiaries consolidated balance sheets MARCH 31, (IN MILLIONS, EXCEPT SHARE AMOUNTS) 2011 2010 Assets Current assets Cash and cash equivalents Marketable securities - current Trade and installment accounts receivable, net Deferred income taxes - current Other current assets Total ...

  • Page 70
    ... 31, 2010 Net income Translation adjustment Realized loss on derivatives, net of $2 million in taxes Comprehensive income Share-based compensation Dividends declared ($0.16 per share) Exercise of common stock options and other items Treasury stock purchased Balance at March 31, 2011 See accompanying...

  • Page 71
    ... (gains) Changes in other operating assets and liabilities, net of effect of acquisitions: Decrease in trade and current installment accounts receivable, net (Decrease) increase in deferred revenue Increase (decrease) in taxes payable, net Increase (decrease) in accounts payable, accrued expenses...

  • Page 72
    Notes to the consolidated financial statements Note 1 - Significant Accounting Policies (a) Description of business: CA, Inc. and subsidiaries (the Company) develops, markets, delivers and licenses software products and services. (b) Presentation of financial statements: The accompanying audited ...

  • Page 73
    ...of the related software license. VSOE of professional services is established based on daily rates when sold on a stand-alone basis. If it is not probable that a project will be completed or the payment will be received, revenue recognition is deferred until the uncertainty is removed. Software fees...

  • Page 74
    ...and cash equivalents were maintained outside the United States at March 31, 2011 and 2010, respectively. Total interest income, which primarily relates to the Company's cash and cash equivalent balances and marketable securities, for fiscal year 2011, 2010 and 2009 was approximately $24 million, $26...

  • Page 75
    ... associated with new products and significant enhancements to existing software products are expensed as incurred until technological feasibility has been established. Annual amortization of capitalized software costs is the greater of the amount computed using the ratio that current gross revenues...

  • Page 76
    ... commitments executed under license and maintenance agreements that will be billed in future periods. See Note 8, "Deferred Revenue," for additional information. Note 2 - acquisitions During fiscal year 2011, the Company acquired 100% of the voting equity interests of Arcot Systems, Inc. (Arcot...

  • Page 77
    ... subject to indemnification protections. Note 3 - discontinued operations In June 2010, the Company sold its Information Governance business, consisting primarily of the CA Records Manager and CA Message Manager software offerings and related professional services, for approximately $19 million to...

  • Page 78
    ... less than $1 million, respectively. At March 31, 2011, the Company identified its Internet Security Business as available for sale and on April 28, 2011, the Company signed an agreement for the sale of the business. The income from the discontinued operations was approximately $10 million, net of...

  • Page 79
    ... fiscal year ended March 31, 2011, 2010 and 2009. Accretion and other includes accretion of the Company's lease obligations related to facilities abandonment as well as changes in the assumptions related to future sublease income. These costs are included in the "General and administrative" expense...

  • Page 80
    ...include unbilled contractual commitments executed under license agreements implemented since October 2000. The components of trade and installment accounts receivable, net are as follows: AT MARCH 31, (IN MILLIONS) 2011 2010 Current: Accounts receivable - billed Accounts receivable - unbilled Other...

  • Page 81
    ... of depreciation and amortization expense is as follows: FISCAL YEAR ENDING MARCH 31, (IN MILLIONS) 2011 2010 2009 Depreciation Amortization of purchased software Amortization of internally developed software products Amortization of other intangible assets Total $114 88 104 73 $379 $105 50 83 54...

  • Page 82
    ... from Nimsoft and 3Tera. Note 8 - deferred revenue The components of deferred revenue at March 31, 2011 and 2010 are as follows: (IN MILLIONS) MARCH 31, 2011 MARCH 31, 2010 Current: Subscription and maintenance Professional services Financing obligations and other Total deferred revenue (billed or...

  • Page 83
    ... fee, the applicable interest rate at March 31, 2011, based on the Company's credit rating, is approximately 0.66% (Eurocurrency rate plus the applicable margin). Total interest expense relating to borrowings under the Revolving Credit Facility for fiscal years 2011, 2010 and 2009 was approximately...

  • Page 84
    ... existed for fiscal years 2011, 2010 and 2009. Foreign currency contracts: The Company enters into foreign currency option and forward contracts to manage foreign currency risks. The Company has not designated its foreign exchange derivatives as hedges. Accordingly, changes in fair value from...

  • Page 85
    ... is as follows: LOCATION OF AMOUNTS RECOGNIZED (IN MILLIONS) AMOUNT OF NET (GAIN)/LOSS RECOGNIZED IN THE CONSOLIDATED STATEMENTS OF OPERATIONS YEAR ENDED MARCH 31, 2011 YEAR ENDED MARCH 31, 2010 YEAR ENDED MARCH 31, 2009 Interest expense, net - interest rate swaps designated as cash flow hedges...

  • Page 86
    ... 2010, a lawsuit captioned Stragent, LLC et ano. v. Amazon.com, Inc., et al. was filed in the United States District Court for the Eastern District of Texas against the Company and five other defendants. The complaint alleges, among other things, that Company technology infringes a patent assigned...

  • Page 87
    ...the United States District Court for the Eastern District of Texas against the Company and 10 other defendants. The complaint alleges, among other things, that Company technology, including Internet Security Suite Plus 2010, infringes a patent licensed to plaintiff Uniloc USA, Inc., entitled "System...

  • Page 88
    ... Rights Agreement, dated November 5, 2009 (the Rights Agreement). The Rights will trade with the common stock until the Separation Time, which would occur on the next business day after: (i) the Company's announcement that a person or group (an Acquiring Person) has become the beneficial owner of...

  • Page 89
    ... Company typically settles awards under employee and non-employee director compensation plans with stock held in treasury. All Plans, with the exception of acquired companies' stock plans, have been approved by the Company's shareholders. The Company grants annual performance cash incentive bonuses...

  • Page 90
    ... 2011, 2010 or 2009. Stock option awards: Stock options are awards issued to employees that entitle the holder to purchase shares of the Company's stock at a fixed price. Stock option awards are generally granted at an exercise price equal to or greater than the Company's closing quoted market value...

  • Page 91
    .... For stock options granted in fiscal year 2011, the Company's computation of expected life was determined based on the simplified method (the average of the vesting period and option term), due to changes in the vesting terms, the contractual lives and the population of employees granted options...

  • Page 92
    ...YEAR ENDED MARCH 31, (IN MILLIONS) 2011 2010 2009 Cash received from options exercised Intrinsic value of options exercised Excess tax benefits from options exercised (1) Less than $1 million. $ 10 2 -(1) $ 11 2 -(1) $ 7 2 -(1) Restricted stock and restricted stock unit awards: Restricted Stock...

  • Page 93
    ... during fiscal years 2011, 2010 and 2009 was approximately $82 million, $64 million and $78 million, respectively. Performance awards: The Company rewards certain senior executives with performance awards under its long-term incentive plans. These Performance Share Units (PSUs) include 1-year...

  • Page 94
    ... Internal Revenue Code of 1986 (the Code) limitations. Shares of the Company's common stock were purchased at six-month intervals at 85% of the lower of the fair market value of the Company's common stock on the first or last day of each six-month period. During fiscal years 2010 and 2009, employees...

  • Page 95
    ... is reconciled to the tax expense computed at the federal statutory tax rate as follows: YEAR ENDED MARCH 31, (IN MILLIONS) 2011 2010 2009 Tax expense at U.S. federal statutory tax rate Effect of international operations US federal and state tax contingencies State taxes, net of federal tax benefit...

  • Page 96
    .... The number of years with open tax audits varies depending on the tax jurisdiction. The Company is subject to tax audits in the following major taxing jurisdictions: • United States - federal tax years are open for years 2005 and forward; • Germany - tax years are open for years 2007 and...

  • Page 97
    ... as current). In addition, as of March 31, 2011, the Company has recorded approximately $43 million of deferred tax assets for future deductions of interest and state income taxes related to these uncertain tax positions. As of March 31, 2010, the gross liability for income taxes associated with...

  • Page 98
    ... on the location of the sale, which is generally the customer's country of domicile. The following table presents information about the Company by geographic area for fiscal years 2011, 2010 and 2009: UNITED (IN MILLIONS) STATES EUROPE OTHER ELIMINATIONS TOTAL Year Ended March 31, 2011 Revenue To...

  • Page 99
    ...500 million of its common stock, in addition to the previous program approved on May 12, 2010. The Company will fund the program with available cash on hand and repurchase shares on the open market from time to time based on market conditions and other factors. On May 12, 2011, the Company announced...

  • Page 100
    .../ (DEDUCTIONS) CHARGED/ BALANCE AT BEGINNING DESCRIPTION OF PERIOD (CREDITED) TO COSTS AND EXPENSES DEDUCTIONS(1) BALANCE AT END OF PERIOD Allowance for doubtful accounts (in millions) Year ended March 31, 2011 Year ended March 31, 2010 Year ended March 31, 2009 (1) Write-offs of amounts against...

  • Page 101
    ...$20 $0 3/06 3/07 3/08 3/09 3/10 3/11 CA Technologies S&P 500 S&P Software *$100 invested on 3/31/06 in stock or index, including reinvestment of dividends. Fiscal year ending March 31. Copyright© 2011 Standard & Poor's, a division of The McGraw-Hill Companies Inc. All rights reserved. (www...

  • Page 102
    ... Fischer Executive Vice President and Group Executive, Worldwide Sales and Operations Amy Fliegelman Olli Executive Vice President and General Counsel Phillip J. Harrington, Jr. Executive Vice President, Risk, and Chief Administrative Officer William L. Hughes Chief Communications Officer Jacob Lamm...

  • Page 103
    ... or telephone number below. Transfer agent Questions concerning dividend reinvestment, stock certificates, address changes, account consolidation, 1099 tax forms and dividend checks or direct deposit should be directed to: BNY Mellon Shareowner Services PO Box 358015 Pittsburgh, PA 15252-8015 1-800...

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