AFFILIATED COMPUTER SERVICES, INC. AND SUBSIDIARIES 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) 
The following tables reflect the results of the segments consistent with our management system (in thousands): 
State and 
Local 
Federal 
Government Commercial Government Corporate  Consolidated 
Fiscal 2003 
Revenues 
$       1,694,178 
$      1,242,908 
$         850,120 
$                     
$       3,787,206 
Operating expenses   
1,353,585 
954,762 
763,440 
44,010 
3,115,797 
Adjusted EBITDA (b) 
340,593 
288,146 
86,680 
(44,010) 
671,409 
Depreciation and amortization expense  
47,700 
80,111 
21,495 
2,822 
152,128 
Operating income 
$          292,893 
$         208,035 
$           65,185 
$        (46,832) 
$          519,281 
Total assets 
$       1,865,072 
$      1,338,728 
$         376,727 
$       118,178 
$       3,698,705 
Capital expenditures 
$            94,241 
$           93,912 
$           15,578 
$           1,942 
$          205,673 
Fiscal 2002 
Revenues(a) 
$       1,294,250 
$        957,333 
$         811,335 
$                     
$       3,062,918 
Operating expenses 
1,021,067 
774,197 
727,783 
28,753 
2,551,800 
Adjusted EBITDA (b) 
273,183 
183,136 
83,552 
      (28,753) 
511,118 
Depreciation and amortization expense 33,457 
57,020 
17,894 
2,115 
110,486 
Operating income 
$          239,726 
$         126,116 
$          65,658 
$        (30,868) 
$          400,632 
Total assets 
$       1,660,307 
$      1,235,841 
$        425,732 
$         81,687 
$       3,403,567 
Capital expenditures 
$            61,725 
$           43,432 
$          28,380 
$         10,869 
$          144,406 
Fiscal 2001 
Revenues(a) 
$          386,436 
$         929,457 
$         747,666 
$                     
$       2,063,559 
Operating expenses  
291,905 
757,212 
          676,728 
20,371 
1,746,216 
Adjusted EBITDA (b) 
94,531 
172,245 
70,938 
(20,371) 
317,343 
Depreciation and amortization expense 
(excluding goodwill amortization) 
10,335 
45,319 
11,795 
1,700 
69,149 
Goodwill amortization expense 10,422 
9,328 
4,718 
  
24,468 
Operating income 
$            73,774 
$         117,598   
$           54,425 
$        (22,071) 
$          223,726 
Total assets 
$          524,340 
$         670,666 
$         392,389 
$       304,292 
$       1,891,687 
Capital expenditures 
$            24,400 
$           55,152 
$           15,268 
$           4,250 
$            99,070 
(a)  Commercial revenues include $33.0 million and $37.3 million in fiscal year 2002 and 2001, respectively related to divested units.  Federal 
government revenues include $4.3 million in fiscal 2002 related to divested units. 
(b)  Adjusted EBITDA is earnings before interest expense, income taxes, depreciation and amortization, and additionally excludes other net non 
operating expenses. We use Adjusted EBITDA, together with operating income, as a measure of segment and consolidated performance.  We 
believe the exclusion of depreciation and amortization charges and net non operating expense provides a meaningful measure of operating 
performance, and consistently excludes only these items in the calculation of Adjusted EBITDA. We believe that net income is the most directly 
comparable financial measure calculated in accordance with GAAP, therefore, we have reconciled Adjusted EBITDA to net income.  We do not 
use Adjusted EBITDA as a measure of liquidity.  Adjusted EBITDA is not a measure of financial performance or liquidity under GAAP and 
should not be considered in isolation or as an alternative to net income or as an indicator of our performance or to cash flows from operating 
activities as a measure of liquidity.  Our measure of Adjusted EBITDA may not be comparable to similarly titled measures of other companies. 
  
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