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CA » Topics » Note 12 - Subsequent Events

These excerpts taken from the CA 10-K filed May 23, 2008.
Note 13 — Subsequent Events
Fiscal 1999 Senior Notes
In April 2008, the Company paid the $350 million portion of the fiscal 1999 Senior Notes that was due and payable at that time. Subsequent to this scheduled payment, there were no further amounts due under this issuance.

107

Table of Contents

 
SCHEDULE II
 
CA, INC. AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS
 
                             
        ADDITIONS/
            
        (DEDUCTIONS)
            
        CHARGED/
            
    BALANCE AT
   (CREDITED) TO
           BALANCE
DESCRIPTION
   BEGINNING
   COSTS AND
           AT END
(IN MILLIONS)   OF PERIOD   EXPENSES     DEDUCTIONS1     OF PERIOD
                             
Allowance for doubtful accounts
                           
Year ended March 31, 2008
  $  37   $  22     $  (28 )   $  31
Year ended March 31, 2007
  $ 45   $ 11     $ (19 )   $ 37
Year ended March 31, 2006
  $ 88   $  (18 )   $ (25 )   $ 45
 
1 Write-offs and recoveries of amounts against allowance provided.
 
 
Note 13 —
Subsequent Events






Fiscal
1999 Senior Notes






In April 2008, the Company paid the $350 million portion of
the fiscal 1999 Senior Notes that was due and payable at that
time. Subsequent to this scheduled payment, there were no
further amounts due under this issuance.




107






Table of Contents





 




SCHEDULE II



 




CA,
INC. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS



 

























































































































































































                             

 

 

 

 

ADDITIONS/


 

 

 

 

 

 

 

 

 

 

(DEDUCTIONS)


 

 

 

 

 

 

 

 

 

 

CHARGED/


 

 

 

 

 

 

 

 

BALANCE AT


 

(CREDITED) TO


 

 

 

 

 

BALANCE


DESCRIPTION


 

BEGINNING


 

COSTS AND


 

 

 

 

 

AT END


(IN MILLIONS)

 

OF PERIOD

 

EXPENSES

 

 

DEDUCTIONS1

 

 

OF PERIOD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Allowance for doubtful accounts


 

 

 

 

 

 

 

 

 

 

 

 

 

 


Year ended March 31, 2008


 

$


 37


 

$


 22


 

 

$


 (28


)


 

$


 31



Year ended March 31, 2007


 

$

45

 

$

11

 

 

$

(19

)

 

$

37


Year ended March 31, 2006


 

$

88

 

$

 (18

)

 

$

(25

)

 

$

45






 



















1
Write-offs and recoveries of
amounts against allowance provided.


 


 




This excerpt taken from the CA 10-K filed May 30, 2007.
Note 13 — Subsequent Events
On May 23, 2007, the Company announced that as part of its previously authorized share repurchase plan of up to $2 billion, it will repurchase $500 million of its shares under an Accelerated Share Repurchase program (ASR). The Company anticipates that the ASR will be completed during the first half of fiscal year 2008.


126

 

Schedule II
 
CA, INC. AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS
 
                                     
        ADDITIONS/
 		                 
        (DEDUCTIONS)
 		                 
        CHARGED/
 		    CHARGED/
 		           
    BALANCE AT
 		  (CREDITED) TO
 		    (CREDITED)
 		          BALANCE
DESCRIPTION
 		  BEGINNING
 		  COSTS AND
 		    TO OTHER
 		          AT END
(IN MILLIONS)   OF PERIOD   EXPENSES     ACCOUNTS1     DEDUCTIONS2     OF PERIOD
 
Allowance for Doubtful Accounts
                                   
Year ended March 31, 2007
  $ 45   $ 11     $ —     $ (19 )   $ 37
Year ended March 31, 2006
  $ 88   $ (18 )   $ —     $ (25 )   $ 45
Year ended March 31, 2005
  $  136   $  (25 )   $  (2 )   $  (21 )   $  88
 
 
1 Reserves and adjustments thereto of acquired and divested operations.
 
2 Write-offs and recoveries of amounts against allowance provided.


127

This excerpt taken from the CA 10-K filed Jul 31, 2006.
Note 13 — Subsequent Events
 
In May 2006, the Company announced the acquisition of Cybermation, a privately-held provider of enterprise workload automation solutions, for a total purchase price of approximately $75 million. Cybermation specializes in software and services that modernize traditional job scheduling solutions and simplify the management of complex IT infrastructures. The acquisition extends the Company’s workload automation portfolio, which helps customers unify and simplify their IT environments by automating the scheduling and deployment of workloads across mainframe and distributed systems.
 
In June 2006, the Board of Directors authorized a new $2 billion common stock repurchase plan for fiscal year 2007 which will replace the prior $600 million common stock repurchase plan. The Company expects to finance the stock repurchase plan through a combination of cash on hand and bank financing.
 
In June 2006, the Company announced the acquisition of MDY Group International, Inc. (MDY), a provider of enterprise records management software and services. MDY’s solutions help organizations to centrally manage physical and electronic records distributed across the enterprise, regardless of location or origin. The acquisition will help CA customers more easily fulfill their company-wide compliance, corporate governance and legal discovery requirements.
 
In July 2006, the Company acquired XOsoft, Inc., a privately held company that provided continuous application availability solutions that minimize application downtime and accelerate time to recovery. The acquisition enables CA to offer a complete recovery management solution that allows customers to minimize the risk of data loss, reduce the time spent on backups and expedite recovery of critical business services.


146

Table of Contents

This excerpt taken from the CA 8-K filed Jun 29, 2006.
Note 12 — Subsequent Events

In May 2006, the Company announced the acquisition of Cybermation, a privately-held provider of enterprise workload automation solutions, for a total purchase price of approximately $75 million. Cybermation specializes in software and services that modernize traditional job scheduling solutions and simplify the management of complex IT infrastructures. The acquisition extends the Company’s workload automation portfolio, which helps customers


112

 

Note 12 — Subsequent Events (Continued)
 
unify and simplify their IT environments by automating the scheduling and deployment of workloads across mainframe and distributed systems.
 
In June 2006, the Board of Directors authorized a new $2 billion common stock repurchase plan for fiscal year 2007 which will replace the prior $600 million common stock repurchase plan. Repurchases under the new plan will not be made until after the Company files its Annual Report on Form 10-K for the fiscal year ended March 31, 2006. Until the new plan is implemented, the Company will continue to repurchase shares under the prior plan.
 
In June 2006, the Company announced the acquisition of MDY Group International, Inc. (MDY), a provider of enterprise records management software and services. MDY’s solutions help organizations to centrally manage physical and electronic records distributed across the enterprise, regardless of location or origin. The acquisition will help CA customers more easily fulfill their company-wide compliance, corporate governance and legal discovery requirements.


113

 

EXCERPTS ON THIS PAGE:

10-K (2 sections)
May 23, 2008
10-K
May 30, 2007
10-K
Jul 31, 2006
8-K
Jun 29, 2006

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