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)
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NOTES
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 |
2001
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2000
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1999
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REVENUES: Software license fees |
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$ 495,572
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$ 819,247
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$ 683,354
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| Maintenance fees |
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456,534
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432,707
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334,371
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| Professional services fees |
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1,057,944
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978,674
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620,720
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Total revenues |
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2,010,050
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2,230,628
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1,638,445
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OPERATING EXPENSES: Cost of software license fees |
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39,551
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30,739
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28,097
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| Cost of maintenance |
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53,076
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45,367
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37,286
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| Cost of professional services |
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1,039,237
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946,710
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506,765
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| Software product development |
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102,617
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81,133
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64,957
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| Sales and marketing |
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451,719
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467,060
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418,019
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| Administrative and general |
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131,218
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90,386
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78,333
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| Purchased research and development |
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2
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17,900
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4,350
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Total operating expenses |
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1,817,418
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1,679,295
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1,137,807
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INCOME FROM OPERATIONS
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192,632
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551,333
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500,638
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OTHER INCOME (EXPENSE) Interest and investment Income |
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30,692
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34,927
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30,175
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Interest Expense |
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(31,255
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)
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(24,484
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) |
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(772
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)
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| Total other income (expense) |
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(563
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)
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10,443
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29,403
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INCOME BEFORE INCOME TAXES |
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192,069
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561,776
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530,041
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INCOME TAX PROVISION |
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9
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72,986
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209,800
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180,178
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NET INCOME |
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$ 119,083
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$ 351.976
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$ 349,863
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Basic earnings per share |
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8
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$ 0.33
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$ 0.98
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$ 0.95
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Diluted earnings per share |
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8
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$ 0.32
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$ 0.91
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$ 0.87
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| See notes to consolidated financial statements. |
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