Finance and Accounting

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

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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