Compuware Annual Report 2001

Compuware Corporation and Subsidiaries
Consolidated Financial Statements

Consolidated Statements of Income

YEARS ENDED MARCH 31, 2001, 2000 AND 1999
(In Thousands, Except Per Share Data)


 

NOTES
2001   

2000   

1999 



REVENUES:
  Software license fees

$   495,572
 

$   819,247

$   683,354
 

  Maintenance fees 456,534
 
432,707
334,371
 
  Professional services fees 1,057,944
 
978,674
620,720
 



 
    Total revenues

2,010,050
 
2,230,628
1,638,445
 



 
OPERATING EXPENSES:
  Cost of software license fees

39,551
 
30,739
28,097
 
  Cost of maintenance
53,076
 
45,367
37,286
 
  Cost of professional services
1,039,237
 
946,710
506,765
 
  Software product development
102,617
 
81,133
64,957
 
  Sales and marketing
451,719
 
467,060
418,019
 
  Administrative and general
131,218
 
90,386
78,333
 
  Purchased research and development  2 

 
17,900
4,350
 



 
    Total operating expenses

1,817,418
 
1,679,295
1,137,807
 



 
INCOME FROM OPERATIONS

192,632
 
551,333

500,638
 



 
OTHER INCOME (EXPENSE)
  Interest and investment Income

30,692
 
34,927
30,175
 

  Interest Expense

(31,255
)
(24,484
) (772
)



    Total other income (expense)
(563
)
10,443
29,403
 



 
INCOME BEFORE INCOME TAXES

192,069

561,776
530,041
 
 
INCOME TAX PROVISION
 9 
72,986

209,800
180,178
 



 
NET INCOME

$   119,083

$   351.976
$   349,863
 









 
Basic earnings per share
 8 
$        0.33

$        0.98
$        0.95
 









 
Diluted earnings per share
 8 
$        0.32

$        0.91
$        0.87
 












See notes to consolidated financial statements.