 |
|
|
 |
RECONCILIATION OF PRO FORMA FINANCIAL MEASURES
TO MOST DIRECTLY COMPARABLE GAAP MEASURES |
|
|
| (In thousands, except per share amounts--unaudited) |
PRO FORMA |
ADJUSTMENTS |
GAAP |
|
Fiscal 1999
Operating income |
$ |
124,799 |
$ |
(89,848) (a) |
$ |
34,951 |
 |
| Operating margin |
|
15.6% |
|
-11.2% (a) |
|
4.4% |
|
| Net income |
$ |
89,744 |
$ |
296,820 (b) |
$ |
386,564 |
|
| Diluted net income per share |
$ |
0.45 |
$ |
1.48 (b) |
$ |
1.93 |
|
Fiscal 2000
Operating income |
$ |
170,937 |
$ |
(158,523) (c) |
$ |
12,414 |
|
| Operating margin |
|
17.4% |
|
-16.1% (c) |
|
1.3% |
|
| Net income |
$ |
144,958 |
$ |
160,703 (d) |
$ |
305,661 |
|
| Diluted net income per share |
$ |
0.69 |
$ |
0.76 (d) |
$ |
1.45 |
|
Fiscal 2001
Operating income (loss) |
$ |
181,635 |
$ |
(262,993) (e) |
$ |
(81,358) |
|
| Operating margin |
|
16.6% |
|
-24.0% (e) |
|
-7.4% |
|
| Net income (loss) |
$ |
157,890 |
$ |
(240,683) (f) |
$ |
(82,793) |
|
| Diluted net income per share |
$ |
0.73 |
$ |
(1.13) (f) |
$ |
(0.40) |
|
Fiscal 2002
Operating income |
$ |
273,475 |
$ |
(222,975) (g) |
$ |
50,500 |
|
| Operating margin |
|
20.8% |
|
-17.0% (g) |
|
3.8% |
|
| Net income |
$ |
201,503 |
$ |
(61,343) (h) |
$ |
140,160 |
|
| Diluted net income per share |
$ |
0.92 |
$ |
(0.28) (h) |
$ |
0.64 |
|
Fiscal 2003
Operating income |
$ |
399,834 |
$ |
(56,602) (i) |
$ |
343,232 |
|
| Operating margin |
|
24.2% |
|
-3.4% (i) |
|
20.8% |
|
| Net income |
$ |
293,814 |
$ |
49,220 (j) |
$ |
343,034 |
|
| Diluted net income per share |
$ |
1.39 |
$ |
0.24 (j) |
$ |
1.63 |
|
Fiscal 2004
Operating income |
$ |
476,919 |
$ |
(56,592) (k) |
$ |
420,327 |
|
| Operating margin |
|
25.5% |
|
-3.0% (k) |
|
22.5% |
|
| Net income |
$ |
335,124 |
$ |
(18,094) (l) |
$ |
317,030 |
|
| Diluted net income per share |
$ |
1.67 |
$ |
(0.09) (l) |
$ |
1.58 |
|
NOTES
| (a) |
Pro forma operating income reflects adjustments for amortization of purchased software of $5.3 million and amortization of goodwill and purchased intangible assets of $84.6 million.
|
| (b) |
Pro forma net income reflects the adjustments in item (a) and adjustments for net gains on marketable securities of $579.2 million, net loss from discontinued operations of $2.2 million and the tax effect of these adjustments. These pro forma adjustments resulted in a $1.48 per diluted share adjustment for the twelve months ended July 31, 1999.
|
| (c) |
Pro forma operating income reflects adjustments for amortization of purchased software of $7.0 million, amortization of goodwill and purchased intangible assets of $150.2 million and a charge for purchased research and development of $1.3 million.
|
| (d) |
Pro forma net income reflects the adjustments in item (c) and adjustments for net gains on marketable securities of $481.1 million, net loss from discontinued operations of $20.0 million and the tax effect of these adjustments. These pro forma adjustments resulted in a $0.76 per diluted share adjustment for the twelve months ended July 31, 2000.
|
| (e) |
Pro forma operating income reflects adjustments for amortization of purchased software of $14.9 million, amortization of goodwill and purchased intangible assets of $247.8 million and a charge for purchased research and development of $0.2 million.
|
| (f) |
Pro forma net income reflects the adjustments in item (e) and adjustments for net losses on marketable securities of $98.1 million, net loss on divestiture of businesses of $15.3 million, net income from discontinued operations of $27.5 million, the cumulative effect of an accounting change of $14.3 million and the tax effect of these adjustments. These pro forma adjustments resulted in a $1.13 per diluted share adjustment for the twelve months ended July 31, 2001.
|
| (g) |
Pro forma operating income reflects adjustments for amortization of purchased software of $7.1 million, amortization of goodwill and purchased intangible assets of $159.4 million, a loss on impairment of goodwill and intangible assets of $27.3 million, a charge for purchased research and development of $2.2 million and a loss on impairment of long-lived asset of $27.0 million.
|
| (h) |
Pro forma net income reflects the adjustments in item (g) and adjustments for net losses on marketable securities of $15.5 million, gain on divestiture of business of $8.3 million, net income from discontinued operations of $86.5 million and the tax effect of these adjustments. These pro forma adjustments resulted in a $0.28 per diluted share adjustment for the twelve months ended July 31, 2002.
|
| (i) |
Pro forma operating income reflects adjustments for amortization of purchased software of $13.8 million, amortization of purchased intangible assets of $33.9 million and a charge for purchased research and development of $8.9 million.
|
| (j) |
Pro form net income reflects the adjustments in item (i) and adjustments for net gains on marketable securities of $10.9 million, net income from discontinued operations of $79.8 million and the tax effect of these adjustments. These pro forma adjustments resulted in a $0.24 per diluted share adjustment for the twelve months ended July 31, 2003.
|
| (k) |
Pro forma operating income reflects adjustments for amortization of purchased software of $13.5 million, amortization of purchased intangible assets of $24.5 million and a loss on impairment of goodwill and purchased intangible assets of $18.7 million.
|
| (l) |
Pro form net income reflects the adjustments in item (k), adjustments for net gains on marketable securities of $1.7 million and the tax effect of these adjustments. These pro forma adjustments resulted in a $0.09 per diluted share adjustment for the twelve months ended July 31, 2004.
|
|
|
|
