- What are some current decisions the company may be facing that would be well-served by doing some ROI calculations?
- What types of calculations/which methods would you recommend the company use to assess those decisions?
- how ROI would help managers in making the capital investment decision.
in 000s, except share and per share amounts) 2019 2018 1,572,150 $ 1,544,944 118,734 135,577 138,965 146,774 146,667 81,261 1,891,713 1,993,359 212,092 342,493 519,937 231,888 373,981 507,871 34,095 101,401 3,140,949 141,979 90,085 3,299,945 $ $ $ 249,525 $ CONSOLIDATED BALANCE SHEETS As of April 30, ASSETS Cash and cash equivalents Cash and cash equivalents - restricted Receivables, less allowance for doubtful accounts of $67,228 and $81,813 Prepaid expenses and other current assets Total current assets Property and equipment, at cost, less accumulated depreciation and amortization of $745,761 and $745,397 Intangible assets, net Goodwill Deferred tax assets and income taxes receivable Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY LIABILITIES: Accounts payable and accrued expenses Accrued salaries, wages and payroll taxes Accrued income taxes and reserves for uncertain tax positions Current portion of long-term debt Deferred revenue and other current liabilities Total current liabilities Long-term debt Deferred tax liabilities and reserves for uncertain tax positions Deferred revenue and other noncurrent liabilities Total liabilities COMMITMENTS AND CONTINGENCIES STOCKHOLDERS' EQUITY: Common stock, no par, stated value $.01 per share, 800,000,000 shares authorized, shares issued of 238,336,760 and 246,198,878 Additional paid-in capital Accumulated other comprehensive loss Retained earnings Less treasury shares, at cost of 36,377,441 and 36,944,789 Total stockholders' equity Total liabilities and stockholders' equity 196,527 271,973 204,976 923,001 1,492,629 197,906 251,975 141,499 263,050 1,026 186,101 843,651 1,494,609 229,430 179,548 2,747,238 144,882 2,758,418 2,383 2,462 767,636 (20,416) 499,386 (707,462) 541,527 3,299,945 760,250 (14,303) 362,980 (717,678) 393,711 3,140,949 $ $ See accompanying notes to consolidated financial statements. (in 000s, except per share amounts) 2018 2017 2019 CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME Year ended April 30, REVENUES: Service revenues $ Royalty, product and other revenues S 2,648,349 2,691,727 403,154 3,094,881 2,766,426 $ 393,505 387,965 3,036,314 3,159,931 1,644,377 1,756,922 722,167 2,479,089 1,739,729 668,152 2,407,881 675,953 2,320,330 6,054 16,419 (87,051) 545,160 (89,372) 668,732 41,823 626,909 6,254 (92,951) 629,287 208,370 420,917 99,904 445,256 (22,747) 422,509 (13,760) 613,149 (11,972) 408,945 $ S $ OPERATING EXPENSES: Costs of revenues Selling, general and administrative Total operating expenses Other income (expense), net Interest expense on borrowings Income from continuing operations before income taxes Income taxes Net income from continuing operations Net loss from discontinued operations, net of tax benefits of $6,788, $7,016 and $6,986 NET INCOME BASIC EARNINGS (LOSS) PER SHARE: Continuing operations Discontinued operations Consolidated DILUTED EARNINGS (LOSS) PER SHARE: Continuing operations Discontinued operations Consolidated COMPREHENSIVE INCOME: Net income Unrealized gains (losses) on securities, net of taxes Change in foreign currency translation adjustments Other comprehensive income (loss) Comprehensive income $ 1.97 2.16 $ (0.11) 2.05 $ 2.99 $ (0.06) 2.93 $ (0.05) $ 1.92 $ 1.96 2.15 $ (0.11) 2.04 S 2.98 $ (0.07) (0.05) $ 2.91 $ 1.91 $ 422,509 $ $ 613,149 1 995 (6,113) (6,113) 416,396 408,945 (16) (4,050) (4,066) 404,879 996 $ 614,145 $ See accompanying notes to consolidated financial statements
