Revenue Growth
Internal revenue growth is measured as total revenue growth less acquired revenue from acquisitions. Acquired revenue
from acquisitions is based on pre acquisition normalized revenue of acquired companies. The Company uses the calculation
of internal revenue growth to measure revenue growth excluding the impact of acquired revenues and believes these
adjustments to historical reported results are necessary to accurately reflect the internal revenue growth of the Company.
The following table sets forth the calculation of internal revenue growth (in thousands):
Consolidated
Year ended June 30,
Year ended June 30,
2003
2002
$ Growth
Growth %
2002
2001
$ Growth
Growth %
Total Revenues
$ 3,787,206
$ 3,062,918
$ 724,288
24%
$ 3,062,918
$ 2,063,559
$ 999,359
48%
Less: Divestitures
(37,340)
37,340
(37,320) 37,320
Adjusted
$ 3,787,206
$ 3,025,578
$ 761,628
25%
$ 3,062,918
$ 2,026,239
$ 1,036,679
51%
Acquired revenues
$ 451,583
$ 146,236
$ 305,347
10%
$ 779,585
$ 23,424
$ 756,161
37%
Internal
revenues
3,335,623 2,879,342 456,281
15% 2,283,333 2,002,815 280,518
14%
Total
$ 3,787,206
$ 3,025,578
$ 761,628
25%
$ 3,062,918
$ 2,026,239
$ 1,036,679
51%
State & Local Government
Year ended June 30,
Year ended June 30,
2003
2002
$ Growth
Growth %
2002
2001
$ Growth
Growth %
Total Revenues
$ 1,694,178
$ 1,294,250
$ 399,928
31%
$ 1,294,250
$ 386,436
$ 907,814
235%
Less:
Divestitures
Adjusted
$ 1,694,178
$ 1,294,250
$ 399,928
31%
$ 1,294,250
$ 386,436
$ 907,814
235%
Acquired revenues
$ 242,379
$ 111,371
$ 131,008
10%
$ 689,995
$ 23,424
$ 666,571
173%
Internal revenues
1,451,799
1,182,879
268,920
21%
604,255
363,012
241,243
62%
Total
$ 1,694,178
$ 1,294,250
$ 399,928
31%
$ 1,294,250
$ 386,436
$ 907,814
235%
Commercial
Year ended June 30,
Year ended June 30,
2003
2002
$ Growth
Growth %
2002
2001
$ Growth
Growth %
Total Revenues
$ 1,242,908
$ 957,333
$ 285,575
30%
$ 957,333
$ 929,457
$ 27,876
3%
Less: Divestitures
(32,997) 32,997
(37,320) 37,320
Adjusted
$ 1,242,908
$ 924,336
$ 318,572
34%
$ 957,333
$ 892,137
$ 65,196
7%
Acquired revenues
$ 190,004
$ 28,465
$ 161,539
17%
$ 76,790
$
$ 76,790
8%
Internal
revenues 1,052,904 895,871
157,033
17% 880,543 892,137 (11,594)
1%
Total
$ 1,242,908
$ 924,336
$ 318,572
34%
$ 957,333
$ 892,137
$ 65,196
7%
Federal Government
Year ended June 30,
Year ended June 30,
2003
2002
$ Growth
Growth %
2002
2001
$ Growth
Growth %
Total Revenues
$ 850,120
$ 811,335
$ 38,785
5%
$ 811,335
$ 747,666
$ 63,669
9%
Less:
Divestitures
(4,343)
4,343
Adjusted
$ 850,120
$ 806,992
$ 43,128
5%
$ 811,335
$ 747,666
$ 63,669
9%
Acquired revenues
$ 19,200
$ 6,400
$ 12,800
1%
$ 12,800
$
$ 12,800
2%
Internal
revenues
830,920 800,592
30,328
4% 798,535 747,666 50,869
7%
Total
$ 850,120
$ 806,992
$ 43,128
5%
$ 811,335
$ 747,666
$ 63,669
9%
17