AFFILIATED COMPUTER SERVICES, INC. AND SUBSIDIARIES 

CONSOLIDATED STATEMENTS OF INCOME 

 (In thousands except per share amounts) 

Year ended June 30, 

2003  2002  2001 

Revenues 

$      3,787,206 

$     3,062,918 

$  2,063,559 

Operating expenses: 

     Wages and benefits 

1,716,946 

1,350,057 

904,684 

     Services and supplies 

994,410 

888,497 

598,797 

     Rent, lease and maintenance 

351,855 

278,621 

223,679 

     Depreciation and amortization 

152,128 

110,486 

93,617 

     Other operating expenses 

52,586 

34,625 

19,056 

         Total operating expenses 

3,267,925 

2,662,286 

1,839,833 

Operating income 

519,281 

400,632 

223,726 

Interest expense 

25,194 

30,619 

23,742 

Other non operating expense (income), net 

3,140 

9,557 

(21,076) 

     Pretax profit 

490,947 

360,456 

221,060 

Income tax expense 

184,105 

130,860 

86,768 

     Net income  

$         306,842 

$        229,596 

$     134,292 

Earnings per share: 

     Basic 

$               2.32 

$              1.94 

$           1.35 

     Diluted 

$               2.20 

$              1.76 

$           1.23 

Shares used in computing earnings per share: 

     Basic  

132,445 

118,646 

99,758 

     Diluted 

143,430 

137,464 

116,456 

The accompanying notes are an integral part of these consolidated financial statements. 

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