Peoplesoft, Inc. Form 8-K Dated 10-29-2003

Exhibit

Description

Supplemental financial information posted October 29, 2003.

-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Hwx5+fshWuy2oSAYTD7oYCftKAfTnlK7gchoy2m2YCCWG+gL6HVFCKOKjal68cfz N7R3G365lxKu9wckBXV5Jw== 0000891618-03-005564.txt : 20031030 0000891618-03-005564.hdr.sgml : 20031030 20031029193638 ACCESSION NUMBER: 0000891618-03-005564 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031029 ITEM INFORMATION: FILED AS OF DATE: 20031030 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PEOPLESOFT INC CENTRAL INDEX KEY: 0000875570 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 680137069 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20710 FILM NUMBER: 03964823 BUSINESS ADDRESS: STREET 1: 4460 HACIENDA DRIVE CITY: PLEASANTON STATE: CA ZIP: 94588-8618 BUSINESS PHONE: 925-225-3000 MAIL ADDRESS: STREET 1: 4460 HACIENDA DRIVE CITY: PLEASANTON STATE: CA ZIP: 94588-8618 8-K 1 f93813e8vk.htm FORM 8-K Peoplesoft, Inc. Form 8-K Dated 10-29-2003

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 29, 2003

PEOPLESOFT, INC.

(Exact name of registrant as specified in its charter)

0-20710
(Commission file number)


Delaware (State or other jurisdiction of incorporation)		68-0137069 (I.R.S. Employer Identification Number)

4460 Hacienda Drive, Pleasanton, CA (Address of principal executive offices)		94588-8618 (Zip Code)

Registrant’s telephone number, including area code: (925) 225-3000

ITEM 12. Results of Operations and Financial Condition

On October 29, 2003, PeopleSoft, Inc. posted supplemental financial information to its website with respect to its fiscal quarter ended September 30, 2003. A copy of such supplemental information is attached as exhibit 99.1 hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: October 29, 2003


		PEOPLESOFT, INC.

		By:		/s/ KEVIN T. PARKER

				Kevin T. Parker Executive Vice President, Finance and Administration, Chief Financial Officer (Principal Financial and Accounting Officer)

EXHIBIT INDEX

EX-99.1 3 f93813exv99w1.txt EXHIBIT 99.1 EXHIBIT 99.1 PEOPLESOFT, INC. Q3' 03 RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL MEASURES (A) ($ in millions, other than EPS)
REVENUE EXPENSES & COSTS ------------------------------------------ -------------------------------------------------------------------- PROF. TOTAL TOTAL LIC MAINT. SERVICES SERVICE REVENUE COL COS S&M DEV G&A RESTRUCTURING Total --- ------ -------- ------- ------- --- --- --- --- --- ------------- ----- GAAP RESULTS $160.5 $234.6 $ 229.0 $463.6 $ 624.1 $(21.9) $ (230.2) $(168.6) $(127.7) $ (61.9) $(23.3) $(633.6) LICENSE AND SERVICE GROSS MARGIN PERCENTAGES: 86% 50% DEFERRED MAINT $ 50.9 $ 50.9 $ 50.9 S/W AMORT $ 8.7 $ 8.7 INTANGIBLE AMORT $ 10.9 $ 2.8 $ 2.3 $ 16.0 ------- TOTAL $ 24.7 ------- IP R&D $ 14.5 $ 14.5 RESTRUCTURING $ 8.8 $ 8.8 ------ ------ ------- ------ ------- ------ -------- ------- ------- ------- ------ ------- PRO FORMA RESULTS $160.5 $285.5 $ 229.0 $514.5 $ 675.0 $ (13.2) $ (219.3) $(165.8) $(125.4) $ (61.9) $ -- $(585.6) ====== ====== ======= ====== ======= ======= ======== ======= ======= ======= ====== ======= PRO FORMA LICENSE AND SERVICE GROSS MARGIN PERCENTAGES: 92% 57% ORACLE COSTS $ 2.6 $ 15.3 $ 17.9 ------ ------ ------- ------ ------- ------ -------- ------- ------- ------- ------ ------- RESULTS EXCL ORACLE COSTS $160.5 $ 285.5 $ 229.0 $514.5 $ 675.0 $ (13.2) $(219.3) $(163.2) $(125.4) $ (46.6) $ -- $(567.7) ====== ====== ======= ====== ======= ======= ======== ======= ======= ======= ====== =======
[TABLE CONTINUES BELOW]
NET OPER OPER OTHER INCOME INCOME MINORITY NET Shares INCOME MARGIN INC. B/F TAX TAXES B/F MI INTEREST INC (000) EPS ------ ------ ---- ------- ----- ------ -------- --- ---- --- GAAP RESULTS $ (9.5) -1.5% $ 7.6 $ (1.9) $ (4.2) $ (6.1) $ (1.2) $ (7.3) 357,289 $ (0.02) DEFERRED MAINT $ 50.9 $ 50.9 $(17.6) $ 33.3 $ 33.3 $ 0.09 S/W AMORT $ 8.7 $ 8.7 $ (3.0) $ 5.7 $ 5.7 $ 0.01 INTANGIBLE AMORT $ 16.0 $ 16.0 $ (5.5) $ 10.5 $ 10.5 $ 0.03 ------ ------ ------ ------ ------ ------- TOTAL $ 24.7 $ 24.7 $ (8.5) $ 16.2 $ 16.2 $ 0.04 ------ ------ ------ ------ ------ ------- IP R&D $ 14.5 $ 14.5 $ -- $ 14.5 $ 14.5 $ 0.04 RESTRUCTURING $ 8.8 $ 8.8 $ (3.3) $ 5.5 $ 5.5 $ 0.02 ------ ---- ----- ------ ------ ------ ------ ------ ------- PRO FORMA RESULTS $ 89.4 13.2% $ 7.6 $ 97.0 $(33.6) $ 63.4 $ (1.2) $ 62.2 361,900 $ 0.17 ====== ==== ===== ====== ====== ====== ====== ====== ======= ORACLE COSTS $ 17.9 $ 17.9 $ (6.2) $ 11.7 $ 11.7 $ 0.03 ------ ---- ----- ------ ------ ------ ------ ------ ------- RESULTS EXCL ORACLE COSTS $107.3 15.9% $ 7.6 $114.9 $(39.8) $ 75.1 $ (1.2) $ 73.9 361,900 $ 0.20 ====== ==== ===== ====== ====== ======= ====== ====== =======
(A) GAAP REPRESENTS ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA For a complete set of PeopleSoft's financial statements, see PeopleSoft's website located at www.peoplesoft.com NON-GAAP FINANCIAL MEASURES PeopleSoft has used non-GAAP pro forma financial measures, excluding adjustments related to purchase accounting and restructuring costs, in analyzing financial results because they provide meaningful information regarding the Company's operational performance and facilitate management's internal comparisons to the Company's historical operating results and comparisons to competitors' operating results. PeopleSoft believes that these non-GAAP financial measures are useful to investors because they allow for greater transparency. Wherever non-GAAP financial measures have been included in these materials, the Company has reconciled them in the table above to their GAAP counterparts. Non-GAAP financial measures are not prepared in accordance with generally accepted accounting principles and may be different from non-GAAP financial measures used by other companies. Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. -----END PRIVACY-ENHANCED MESSAGE-----