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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Revenues $ 2,973,903 $ 2,824,686 [1],[2] $ 2,736,080 [1],[2]
Cost of net revenues:      
Amortization and impairment of intangible assets 62,913 82,878 70,494
Total cost of net revenues 433,803 439,646 404,889
Gross margin 2,540,100 2,385,040 2,331,191
Operating expenses:      
Research and development 439,984 415,801 395,373
Sales, marketing and services 1,074,234 1,006,112 976,339
General and administrative 315,343 302,565 316,838
Amortization and impairment of other intangible assets 15,854 17,190 15,076
Restructuring 16,725 72,375 67,401
Total operating expenses 1,862,140 1,814,043 1,771,027
Income from continuing operations 677,960 570,997 560,164
Interest income 40,030 27,808 16,686
Interest expense (80,162) (51,609) (44,949)
Other (expense) income, net (8,373) 3,150 (4,131)
Income from continuing operations before income taxes 629,455 550,346 527,770
Income tax expense 53,788 528,361 57,915
Income from continuing operations 575,667 21,985 469,855
(Loss) income from discontinued operations, net of income tax expense of $2,900 and $22,737 in 2017 and 2016, respectively 0 (42,704) 66,257
Net income (loss) $ 575,667 $ (20,719) $ 536,112
Basic earnings (loss) per share:      
Income from continuing operations (USD per share) $ 4.23 $ 0.15 $ 3.03
(Loss) income from discontinued operations (USD per share) 0.00 (0.28) 0.43
Basic net earnings (loss) per share (USD per share) 4.23 (0.13) 3.46
Diluted earnings (loss) per share:      
Income from continuing operations (USD per share) 3.94 0.14 2.99
(Loss) income from discontinued operations (USD per share) 0.00 (0.27) 0.42
Diluted net earnings (loss) per share (USD per share) $ 3.94 $ (0.13) $ 3.41
Weighted average shares outstanding:      
Basic (in shares) 136,030 150,779 155,134
Diluted (in shares) 145,934 155,503 157,084
Subscription      
Revenues:      
Revenues $ 455,276 $ 314,735 $ 245,606
Product and license      
Revenues:      
Revenues 734,495 766,777 810,975
Cost of net revenues:      
Cost of services and maintenance revenues 120,249 123,356 121,391
Support and services      
Revenues:      
Revenues 1,784,132 1,743,174 1,679,499
Cost of subscription, support and services      
Cost of net revenues:      
Cost of services and maintenance revenues 266,495 250,602 228,080
Product related intangible assets      
Cost of net revenues:      
Amortization and impairment of intangible assets $ 47,059 $ 65,688 $ 55,418
[1] As noted above, prior period amounts have not been adjusted under the modified retrospective method of adoption of therevenue recognition standard. See Note 2 for further information regarding the Company’s adoption of the revenuerecognition standard.
[2] Prior period amounts have not been adjusted under the modified retrospective method of adoption of the revenue recognition standard. See Note 2 for further information regarding the Company’s adoption of the revenue recognition standard.