Corporate View Quarterly Report
Summary
Address: One Corporate View Drive, Boulder, CO 80303-0103
Ticker: CPVW
Exchange: NASDAQ
Incorporated: DE
Previous SIC Code: 4813 Telephone Communications
Current NAICS Code: 51332 Telecommunications
Number of Employees: 29,431
Number of Stockholders: 8,396
Outstanding Shares: 983,963,321
Description: Corporate View designs, develops, and markets telephony products and services in its TeleView division. It has used its strength in this industry to create a diverse system of strategic units and subsidiaries that create and market products in a wide variety of areas. Corporate View has divisions that focus on niche marketing in medical and pharmaceutical supplies and consumer products, including apparel, sports equipment, and video games. The company has launched a lucrative banking and financial services division by using its technical strength garnered from research in its TeleView division.
Stock Performance
Stock Price Ending Current Quarter: 26 1/4
52 Week High: 38 1/8
52 Week Low: 22 9/16
Financial Statistics
Fiscal Year End: 6/30 Annual Dividend: 0.34 EPS: 0.83 Net Sales/Employee: $193,141 Net Sales: $5,684,336,000 Net Income: $821,457,000
| Corporate View
Income Statement (In Millions) |
Current Year Three Months Ended March 31 |
Previous Year Three Months Ended March 31 |
|
| Net Revenues | $5,684 |
$5,361 | |
| Operating Expenses: | |||
Cost of Revenues |
3,067 |
2,681 | |
Research and Development |
453 |
461 | |
Sales and Marketing |
661 |
656 | |
General and Administrative |
290 |
276 | |
Total Operating Expenses |
4,471 |
4,074 | |
| Operating Income | 1,213 |
1,287 | |
Interest Income |
92 |
50 | |
Other Expenses |
(42) |
(78) | |
| Income Before Taxes | 1,263 | 1,259 | |
Provision for Income Taxes |
(442) | (441) | |
| Net Income | $ 821 | $ 818 | |
|
|
|||
| Corporate View Balance Sheet | |||
| (In Millions) | Current Year March 31 |
Previous Year March 31 |
|
| Assets | |||
| Current Assets | |||
Cash and Short-term Investments |
$6,940 | $6,753 | |
Accounts Receivable |
640 | 860 | |
Other |
260 | 240 | |
Total Current Assets |
7,840 |
7,853 | |
Property, Plant, and Equipment (net) |
1,326 |
1,290 | |
| Other Assets | 928 | 880 | |
| Total Assets | $10,094 | $10,023 | |
| Liabilities and Stockholders' Equity | |||
| Current Liabilities | |||
Accounts Payable |
568 | 526 | |
Accrued Compensations |
203 | 196 | |
Other Accrued Expenses |
484 | 482 | |
Income Taxes Payable |
1,560 | 1,666 | |
Other Liabilities |
371 | 352 | |
Total Current Liabilities |
3,186 | 3,222 | |
| Stockholders' Equity | |||
Common Stock and Paid-in Capital |
2,550 |
2,550 | |
Retained Earnings |
4,358 | 4,251 | |
Total Stockholders' Equity |
6,908 | 6,801 |
|
| Total Liabilities and Stockholders' Equity |
$10,094 |
$10,023 |
|
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