Computer Associates 2015 Annual Report Download - page 68

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CA, Inc. and Subsidiaries
Consolidated Statements of Operations
YEAR ENDED MARCH 31,
(in millions, except per share amounts) 2015 2014 2013
Revenue:
Subscription and maintenance $ 3,560 $ 3,683 $ 3,764
Professional services 351 379 382
Software fees and other 351 350 358
Total revenue $ 4,262 $ 4,412 $ 4,504
Expenses:
Costs of licensing and maintenance $ 297 $ 296 $ 275
Cost of professional services 338 353 354
Amortization of capitalized software costs 273 271 305
Selling and marketing 1,060 1,104 1,225
General and administrative 377 395 405
Product development and enhancements 603 574 483
Depreciation and amortization of other intangible assets 129 144 158
Other expenses (gains), net 23 205 (5)
Total expenses before interest and income taxes $ 3,100 $ 3,342 $ 3,200
Income from continuing operations before interest and income taxes $ 1,162 $ 1,070 $ 1,304
Interest expense, net 47 54 44
Income from continuing operations before income taxes $ 1,115 $ 1,016 $ 1,260
Income tax expense 305 129 339
Income from continuing operations $ 810 $ 887 $ 921
Income from discontinued operations, net of income taxes 36 27 34
Net income $ 846 $ 914 $ 955
Basic income per common share:
Income from continuing operations $ 1.83 $ 1.97 $ 2.00
Income from discontinued operations 0.08 0.06 0.07
Net income $ 1.91 $ 2.03 $ 2.07
Basic weighted average shares used in computation 439 446 456
Diluted income per common share:
Income from continuing operations $ 1.82 $ 1.96 $ 1.99
Income from discontinued operations 0.08 0.06 0.07
Net income $ 1.90 $ 2.02 $ 2.06
Diluted weighted average shares used in computation 441 448 457
See accompanying Notes to the Consolidated Financial Statements
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