The following selected consolidated financial data is derived from our Consolidated Financial Statements. This data should be read in conjunction with our Consolidated Financial Statements and related notes included in this annual report and with Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations. Historical results may not be indicative of future results.
Five-Year Summary
Summary of Operations:
Year Ended (1)
(In millions, except per share data)
March 29, 2019 (2)
March 30, 2018 (3)
March 31, 2017 (4)
April 1, 2016 (5)
April 3, 2015
Net revenues
$
4,731
$
4,834
$
4,019
$
3,600
$
3,956
Operating income (loss)
$
380
$
49
$
(100
)
$
457
$
154
Income (loss) from continuing operations (3)
$
16
$
1,127
$
(236
)
$
(821
)
$
109
Income from discontinued operations, net of income taxes (5)
$
15
$
11
$
130
$
3,309
$
769
Net income (loss)
$
31
$
1,138
$
(106
)
$
2,488
$
878
Income (loss) per share - basic: (6)
Continuing operations
$
0.03
$
1.83
$
(0.38
)
$
(1.23
)
$
0.16
Discontinued operations
$
0.02
$
0.02
$
0.21
$
4.94
$
1.12
Net income (loss) per share - basic
$
0.05
$
1.85
$
(0.17
)
$
3.71
$
1.27
Income (loss) per share - diluted: (6)
Continuing operations
$
0.02
$
1.69
$
(0.38
)
$
(1.23
)
$
0.16
Discontinued operations
$
0.02
$
0.02
$
0.21
$
4.94
$
1.10
Net income (loss) per share - diluted
$
0.05
$
1.70
$
(0.17
)
$
3.71
$
1.26
Cash dividends declared per common share
$
0.30
$
0.30
$
0.30
$
4.60
$
0.60
Consolidated Balance Sheets Data:
(In millions)
March 29, 2019
March 30, 2018
March 31, 2017
April 1, 2016
April 3, 2015
Cash, cash equivalents and short-term investments
$
2,043
$
2,162
$
4,256
$
6,025
$
3,860
Total assets
$
15,938
$
15,759
$
18,174
$
11,767
$
13,233
Long-term debt
$
3,961
$
5,026
$
6,876
$
2,207
$
1,746
Total stockholders’ equity
$
5,738
$
5,023
$
3,487
$
3,676
$
5,935
(1)
We have a 52/53-week fiscal year. Our fiscal 2019, 2018, 2017, and 2016 each consisted of 52 weeks, whereas fiscal 2015 was a 53-week year.
(2)
We adopted the new revenue recognition accounting standard on a modified retrospective basis during the first quarter of fiscal 2019. The results for fiscal 2019 are presented under the new revenue recognition accounting standard, while prior years are not adjusted.
(3)
In fiscal 2018, we sold Website Security (WSS) and Public Key Infrastructure (PKI) solutions and recognized a gain of $653 million before income taxes associated with the sale (see Note 4 to the Consolidated Financial Statements), and we recognized an income tax benefit of $659 million as a result of the enactment of the Tax Cuts and Jobs Act (H.R.1) (the 2017 Tax Act) (see Note 11 to the Consolidated Financial Statements).
(4)
In fiscal 2017, we acquired Blue Coat and LifeLock, and the results of operations of those entities were included from their respective dates of acquisition (see Note 4 to the Consolidated Financial Statements).
(5)
In fiscal 2016, we recorded $1.1 billion in income tax expense related to unremitted earnings of foreign subsidiaries from the proceeds of the sale of our Veritas information management business. This charge was presented in loss from continuing operations in the Consolidated Statements of Operations. As a result of the sale, a net gain of $3.0 billion was presented as part of income from discontinued operations, net of income taxes.
(6)
Net income per share amounts may not add due to rounding.
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