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Table of Contents
FIVE-YEAR SELECTED CONSOLIDATED FINANCIAL DATA
(in thousands, except per share amounts)
40
ITEM 6.
SELECTED FINANCIAL DATA
Year Ended December 31,
2009
2008
2007
2006
2005
Summary of Operations:
Revenues:
License
$
1,029,442
$
1,178,142
$
905,368
$
491,902
$
287,006
Services
994,495
702,885
420,443
212,002
100,068
Total revenues
$
2,023,937
$
1,881,027
$
1,325,811
$
703,904
$
387,074
Operating income
$
219,295
$
312,525
$
235,341
$
120,639
$
93,595
Net income
$
197,098
$
290,133
$
218,137
$
85,890
$
66,775
Net income per weighted average share, basic, for Class A and
Class B
$
0.50
$
0.75
$
0.62
$
0.26
$
0.20
Net income per weighted average share, diluted, for Class A and
Class B
$
0.49
$
0.73
$
0.61
$
0.26
$
0.20
Weighted average shares, basic, for Class A
and Class B
394,269
385,068
350,493
332,500
332,500
Weighted average shares, diluted, for Class A
and Class B
399,776
397,185
359,189
332,500
332,500
December 31,
2009
2008
2007
2006
2005
Balance Sheet Data:
Cash and cash equivalents
$
2,486,461
$
1,840,812
$
1,231,168
$
176,134
$
38,653
Working capital (deficiency)
$
1,888,438
$
1,510,338
$
935,162
$
(55,318
)
$
(134,198
)
Total assets
$
5,066,984
$
3,839,205
$
2,695,700
$
1,145,950
$
799,803
Long
-
term obligations
$
450,000
$
450,000
$
450,000
$
800,000
$
—
Stockholders
’
equity (deficit)
$
2,742,951
$
2,070,067
$
1,340,617
$
(230,812
)
$
453,829
Cash Flow Data:
Net cash provided by operating activities
$
985,616
$
800,131
$
552,436
$
279,863
$
238,247
Free cash flows
$
839,844
$
603,411
$
235,742
$
194,766
$
196,037
(1)
In evaluating our results, we also focus on operating margin excluding stock
-
based compensation, employer payroll taxes on employee
stock transactions, amortization of intangible assets, the write-off of in-process research and development, acquisition-related items, and
the net effect of the amortization and capitalization of software development costs as we believe this measure reflects our ongoing business
in a manner that allows meaningful period- to-period comparisons. In accordance with generally accepted accounting principles, operating
income in the table above includes these items as shown in the table below.
(1)
(2)
(2)
(2)
(3)
(2)
(3)
(4)