Symantec investor presentation february 2017

Investor Presentation
February 2017
The New

DISCLAIMER
This presentation contains "forward-looking" statements that involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, our results may
differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited
to, regarding Symantec’s anticipated scale, growth and profitability, Symantec’s operating efficiencies and the anticipated benefits therefrom, the pace of Symantec’s deleveraging plan, Symantec’s
acquisition of LifeLock and the expected benefits of the acquisition to Symantec, including without limitation expected revenue and subscriber growth, product integration, improvements to total
addressable market and value proposition, earnings accretion and cost savings, statements regarding cost reduction, integration and synergy efforts, and the potential benefits to be derived therefrom,
any statements of the anticipated benefits of the Blue Coat acquisition, and the size and growth outlook of the Consumer Security and Enterprise Security businesses, and any statements of assumptions
underlying any of the items mentioned. These statements are based on estimates and information available to us at the time of this presentation and are not guarantees of future performance. Actual
results could differ materially from our current expectations as a result of many factors, including but not limited to: general economic conditions; the ability of Symantec to successfully execute strategic
plans and maintain customer and partner relationships, including retention rates; lower than anticipated growth of certain market segments; fluctuations in tax rates and currency exchange rates; the
timing and market acceptance of new product releases and upgrades; challenges associated with integration of acquired businesses, including the products and services therefrom; and other risks that
may impact our business are set forth in the section entitled “Risk Factors” of Symantec's Form 10-K for the fiscal year ended April 1, 2016 and the Quarterly Report on Form 10-Q for the fiscal quarter
ended September 30, 2016. We assume no obligation to, and do not currently intend to, update any such forward-looking statements.
Items identified as “pro forma” throughout this presentation are provided for illustrative purposes. The amounts referred to as “pro forma” are calculated as footnoted to enable the reader to better
understand the combined businesses and may not comply with the definition of “pro forma” under U.S. generally accepted accounting principles, or GAAP, or ASC standards. Unless otherwise indicated
herein, all financial measures described as “LTM” are presented as the sum of (x) the applicable financial measure for the twelve months ended December 30, 2016 as adjusted to give pro forma effect to
Symantec’s acquisition of Blue Coat, Inc. as if it had occurred on April 4, 2015, plus (y) the midpoint of preliminary range for the corresponding LifeLock, Inc. financial measure for the year ended
December 31, 2016 as reported in the Form 8-K furnished to Securities and Exchange Commission by LifeLock, Inc. on February 1, 2017.
This presentation includes non-GAAP financial measures. The most directly comparable GAAP information and a reconciliation of the GAAP financial measures to the non-GAAP financial measures are
provided in the Appendix. The method we use to produce non-GAAP results is not computed according to GAAP and may differ from the methods used by other companies. Non-GAAP financial measures
are supplemental, should not be considered a substitute for financial information presented in accordance with GAAP and should be read only in conjunction with our consolidated financial statements
prepared in accordance with GAAP. Our management team uses these non-GAAP financial measures in assessing Symantec’s operating results, as well as when planning, forecasting and analyzing future
periods.
Copyright © 2017 Symantec Corporation
2

Experienced Management Team with Proven Operational
Success and Deep Cybersecurity Knowledge
3
Greg Clark, CEO Nicholas Noviello, CFO
• CEO, Blue Coat
• CEO, E2OPEN
• CEO, Mincom
• Founder, Dascom
(IBM Tivoli Security)
• Distinguished Engineer,
IBM
• Security Systems AT&T
• AT&T Bell Labs
• CFO, Blue Coat
• CFO, NetApp
• CFO, Honeywell (2 Global Strategic Business Units)
• Audit, Tax & M&A PwC
Michael Fey,
President & COO
• President & COO, Blue
Coat
• CTO, Intel Security
• EVP / GM, McAfee
Enterprise Business
• SVP, Opsware Field
Engineering
Fran Rosch, EVP &
GM of Norton
• EVP, User Protection and
Productivity, Symantec
• VP, Identity and
Authentication Services,
Symantec
• VP, Authentication,
VeriSign
Roxane Divol, EVP &
GM Website Security
• Board Member,
Wolverine Worldwide
• Board Member, Global
Fund for Women
• Partner, McKinsey

Symantec | At a Glance
175M endpoints
under protection
9 SOCs threat
response centers
3,500+
R&D engineers
350,000+
customers worldwide
$5.0B
LTM* non-GAAP revenue1 2,100+ patents
* See slide 2 (Disclaimer) for a description of this term.
1. LTM pro forma financials calculated as the sum of $4,299mm standalone Symantec (pro forma adjusted for Blue Coat financial metric) for the twelve months ended December 30, 2016 plus $668mm preliminary estimated LifeLock
financial metric for the year ended December 31, 2016. See appendix for reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measure.
4

Summary
5
Global cybersecurity leader protecting enterprises, governments and consumers
• Largest pure-play cybersecurity company in the world,1 with leadership positions in enterprise and consumer cybersecurity
• Integrated Enterprise Cyber Defense platform across web, users, information, and messaging
• Digital Safety Platform protecting consumers’ information, devices and identity
Technology leader across multiple segments, with unmatched breadth of cybersecurity capabilities
• Leader in four of Gartner’s magic quadrants for enterprise cybersecurity2
• Combining the leading identity protection solution (LifeLock) with the leading consumer security suite (Norton)
Attractive growth outlook driven by differentiated capabilities and strong secular trends
• Focused on cybersecurity end market which is expected to benefit from strong secular growth drivers
• Growth trajectory accelerated by Blue Coat and LifeLock acquisitions3
Strong financial profile4
• Operating at scale globally, with LTM* non-GAAP revenue of $5.0bn and adj. EBITDA of $1.6bn
• Large, diversified install base with highly predictable revenue model
Disciplined capital structure
• Conservative financial policies with expectation of rapid deleveraging
1. As measured by revenue. Source: Gartner 2015.
2. Source: Gartner Magic Quadrants for Endpoint Prevention, Secure Web Gateway, Data Loss Prevention, and Managed Security Services markets, 2015-2016.
3. LifeLock acquisition expected to close in the 1st calendar quarter of 2017.
4. LTM pro forma revenue calculated as the sum of $4,299mm standalone Symantec (pro forma adjusted for Blue Coat financial metric) for the twelve months ended December 30, 2016 plus $668mm preliminary estimated LifeLock
financial metric for the year ended December 31, 2016. LTM pro forma adj. EBITDA calculated as the sum of $1,468mm standalone Symantec (pro forma adjusted for Blue Coat financial metric) for the twelve months ended December 30,
2016 plus $93mm preliminary estimated LifeLock financial metric for the year ended December 31, 2016. See appendix for reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measure.

Market Leading Security & Safety Platforms
7
Consumer Digital Safety Platform
Protects Information Across PC’s, Macs and Mobile
Monitors, Alerts and Restores Your Identity
Protects the Connected Home and Family
Shared Telemetry Across Major Control Points
Positioned To Help Enterprise Securely Move to the Cloud
Integrated For Faster Detection and Remediation of Threats
Enterprise Security Platform
 Consumer Digital Safety market is approximately a $10bn2 opportunity
 Norton is the market share leader of paid consumer endpoint security4
 LifeLock is a leading provider of identity protection6
 Combined customer base of ~50mm consumers
 Over 95%8 of revenue recognized ratably leading to high visibility
 Broad portfolio addressing the over $80bn1 spent annually on enterprise security
 Symantec is the leader in Gartner Magic Quadrants in DLP, MSS and EPP3
 Blue Coat is market share leader and a leader in Gartner Magic Quadrant in SWG5
 Over 350k customers including ~90% of Fortune 1000
 85%7 of revenue recognized ratably leading to high visibility
1. Source: Gartner 2016.
2. Source: Company estimates for 2021, Gartner, McKinsey.
3. Source: Gartner Magic Quadrants for Data Loss Prevention, Managed Security Services and Endpoint Protection
markets 2015-2016.
4. Source: Gartner 2015.
5. Source: IDC 2016. Gartner Magic Quadrant for Secure Web Gateway 2015-2016.
6. Source: Market research, McKinsey analysis.
7. Based on non-GAAP LTM Enterprise revenue pro forma for the Blue Coat acquisition as of fiscal Q1’17.
8. Adjusted to include preliminary estimated revenue of LifeLock as of fiscal Q1’17.

Acquisition
LTM* Non-GAAP Revenue:
$2.3bn2
8
1 2 3
Improve Enterprise
Security Business
Refocused on
Cybersecurity
Two leading business segments with scale, focused
management teams, and strong financial profiles
(growth, profitability, cash flow)
Transforming Enterprise Security
with Integrated Cyber Defense Platform
Divested Security & Storage
• Leadership across information, users,
web, and messaging
• Blue Coat is the market share leader
in Secure Web Gateway
• $150mm of projected cost synergies
• Continuing partnership with
SilverLake & Bain
Enabled Symantec to focus on growing
its security business
• $400mm projected net cost
savings
• Streamlining operational
processes
• Eliminating stranded costs post-
Veritas divestiture
• Partnering with SilverLake to
drive financial discipline
4
Acquisition
Transforming Consumer Security
to a Digital Safety Platform
• ~50mm combined customer base
• Leading market share
• $80mm of projected cost synergies
• Bundle Norton & LifeLock products
Symantec’s Transformation
Driving operational improvement
following the divestiture of Veritas
LTM* Non-GAAP Revenue:
$2.7bn1
* See slide 2 (Disclaimer) for a description of this term. See appendix for reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measure.
1. $2.7 bn LTM pro forma revenue represents $2,688mm standalone Symantec Enterprise business segment (pro forma adjusted for Blue Coat financial metric) for the twelve months ended December 30, 2016.
2. $2.3bn LTM pro forma revenue calculated as the sum of $1,611mm standalone Symantec Consumer business segment for the twelve months ended December 30, 2016 plus $668mm preliminary estimated LifeLock financial metric for
the year ended December 31, 2016.

9
Enterprise Security Platform

Expanding Enterprise Network
Evolving Attack Surface
Encrypted Network
Multi-Phased and Multi-Staged Attacks
10

Multi-Phased and Multi-Staged Attacks
Regional
Office
Headquarters
Data Center
Roaming
Users
Security Stack
SSL Encryption
SSL Encryption
SSL Encryption
IOT DevicesPersonal Devices
11

Innovation for the Cloud Generation:
Ensuring Safe Cloud Usage
Regional
Office
Headquarters
Data Center
Roaming
Users
IOT DevicesPersonal Devices
12

13
Protecting your information, devices, identity and ~50mm consumers every day

14
689 million people globally
were victims of cybercrime
Identity theft has been a top FTC complaint in the
U.S. for the last 15 years, with complaints up 47% to
a combined 27% of all consumer complaints to the
FTC between ID Theft and Imposter Scams
new account fraud
doubled in 2015
Total Reported
Identities Exposed
Every
2 seconds
someone is a victim of identity theft
429
million
39% of Americans
experienced cybercrime
in the past year
Cybercrime is a Large and Growing Problem For Consumers
~$10 billion Digital Safety TAM growing at 7% a year1
Source: Symantec ISTR, Javeline (2016), FTC (2015), ID Theft Center (2015).
1. CAGR over the next four years. Includes Endpoint Security, Identity Protection, Private VPN and Connected Home Security markets.

Symantec’s Consumer Security Journey
15
Protecting all Consumer Devices
against Malware, Ransomware,
Phishing Scams and Trojans
Protecting online activity and information
across Microsoft, Android, Mac and iOS
devices
IoT and Connected Home
Protecting homes and family
Identity and Fraud Protection
Protecting personal information and identity
across the device, network, and cloud
Known and Trusted Brand
Strong Security Expertise
Deep Technology
Leadership
Outstanding
Service & Support

16
LifeLock is a Leading Provider of Identity Protection
Compelling Value Proposition, Competitive Differentiation, High Retention, Scale & Growth
Implied
Customer Life
6.7 year
Retention
Rate3
85.5%
ARPU1
$147 $668mm
2016
Total Revenue4
(up from $587mm5
in 2015)
Million
Members in
the U.S.
4.4
Enterprises
Leveraging
Data Analytics
400+
Monitor Alert Restore
Detect identity
related incidents
Alert members of
suspicious activity
Addresses fraud-related issues
on behalf of victims
ID Analytics proprietary Data Platform powers LifeLock Identity Protection offerings
Constantly increasing the value to members and to the financial and insurance institutions contributing content to the platform
Net Promoter
Score2
64
Note: This information is based on information provided in the LifeLock public filings. Information is derived from internal analysis by LifeLock’s management.
1. Source: LifeLock SEC filings: the product of 12 multiplied by the monthly average revenue per member reported as of September 30, 2016.
2. Source: NPS® Benchmarks 2015.
3. Source: LifeLock SEC filings: member retention rate is the percentage of members on the last day of the prior year period who remain members on the last day of the current year period.
4. LifeLock SEC filings: represent preliminary estimated year-end December 31, 2016 revenue, adjusted EBITDA, and free cash flow and are calculated based on the mid-point of range provided in the 8-K filed on February 1, 2017.
5. Source: LifeLock SEC filings.
6. Financial metrics are non-GAAP.
$93mm
2016
Adj. EBITDA4,6
(up from $72mm5
in 2015)
$91mm
2016
Free Cash
Flow4,6
(up from $89mm5
in 2015)

82.7%
87.1% 87.8% 87.7% 86.5% 85.5%
2011 2012 2013 2014 2015 First 3Q 2016
Value Proposition Has Driven Strong Member Growth and High Retention
17
Subscriber Profile Growing Members…with Robust Retention Rate
40+
3 Credit Cards
~$80K Income
Auto Insurance
Years Old
Homeowner’s
Insurance
Children
1.5
2.0
2.5
3.0
3.5
4.0
4.5
2010 2011 2012 2013 2014 2015 2016
Cumulative Ending Members (mm)1
4.4mm members in
Q3 2016
Member Retention Rate2
Note: This information is based on information provided in the LifeLock public filings. Information is derived from internal analysis by LifeLock’s management.
1. Source: LifeLock SEC filings.
2. Source: LifeLock SEC filings: member retention rate is the percentage of members on the last day of the prior year period who remain members on the last day of the current year period.

Creating the First Comprehensive Digital Safety Platform
18
Protects and Monitors Your Digital Life
Alerts You to Malicious Activity
Restores Your Identity When Compromised
• Identity Protection
• Identity Threat Notification
Protects Information Across PC’s, Macs and Mobile
• Multi-Device Security
supporting Microsoft,
Mac, Android and iOS
platforms
• Parental controls
• Consumer IoT
• Private VPN
• Backup
• Credit Reports
• Service Guarantee
Prevents, detects, and remediates malware
across PCs, laptops, and mobile
Secure multi-device VPN
Protects consumer IoT devices
Identity protection from fraudulent activity*
Monitors identity in “dark web”
Provides identity remediation services
Note: LifeLock does not monitor all transactions at all businesses. No one can prevent all identity theft.

Transforming Symantec’s Consumer Business
19
Expands Consumer
Market Opportunity
• Digital Safety Platform protecting your information, devices and identity
• Accelerating position in identity protection with acquisition of LifeLock
• Combines the leading consumer security and identity protection providers to serve ~50 million
consumers globally
Additional Upside
Opportunities
• Cross-sell identity protection into large Norton US customer base
• Optimize retention of LifeLock customer base by adding cyber defense value from Norton
security offerings
• International expansion of LifeLock offering
Consumer Security
Revenue Growth
Expectations
• Improving revenue growth
• High visibility, subscription revenue model
Strong Margin
Expectations
• Estimated $30 million annual cost synergies by end of FY18, expected to increase to
$80 million by end of FY20
• Incremental operating income and healthy margins
• Meaningful leverage across operations and overhead

Financial Transformation of Symantec
21
• Pure play cyber security company
• $5.0bn LTM* non-GAAP revenue and $1.6bn adj. EBITDA1
• Highly recurring and predictable revenue model and industry-leading profitability
• Strong and sustainable cash flow generation with significant liquidity and strong balance sheet
• $4.4bn of pre-payable or maturing debt; expect to pay down debt rapidly
• Blue Coat acquisition accelerates transformation of enterprise business
• Integrated cyber defense platform of $2.7bn2 in LTM* non-GAAP revenue
• Substantial improvement in profitability
• Benefiting from $400mm cost savings and $150mm Blue Coat synergies
• LifeLock acquisition enables transformation of consumer business to growth
• Consumer digital safety platform of $2.3bn2 in LTM* non-GAAP revenue
• Incremental operating income and healthy margins
• $80mm expected synergies from LifeLock acquisition
2. $2.7 bn LTM pro forma revenue represents $2,688mm standalone Symantec Enterprise business segment (pro forma adjusted for Blue Coat financial metric) for the twelve months ended December 30, 2016. $2.3bn LTM pro forma
revenue calculated as the sum of $1,611mm standalone Symantec Consumer business segment for the twelve months ended December 30, 2016 plus $668mm preliminary estimated LifeLock financial metric for the year ended December
31, 2016.

Transition to Profitable Growth at Scale
22
$3,986
$3,600
$4,299
$4,967
FY15A FY16A LTM
Non-GAAP Revenue1 ($mm)
$1,548
$1,239
$1,468
$1,561
FY15A FY16A LTM
Adj. EBITDA1,2 ($mm)
33
LTM Pro Forma for LTM Pro Forma for
Standalone
Standalone
1. Historical amounts in USD. All amounts and adjustments are from continuing operations (excluding the impact of Veritas).
2. Adj. EBITDA is calculated as Non-GAAP operating income plus depreciation.
4. Source: LifeLock SEC filings: represent preliminary estimated year-end December 31, 2016 revenue and adjusted EBITDA are calculated based on mid-point of range provided in the 8-K filed on February 1, 2017.
3 3
4
4

Symantec + LifeLock: Well Balanced, Highly Predictable Revenue Model
23
Source: Symantec SEC filings, 8-K filed on February 1, 2017; please refer to the 10-Q when it is available. See appendix for reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measure.
1. Historical amounts in USD and are on a non-GAAP basis. All amounts are from continuing operations, excluding the impacts of Veritas.
2. Fiscal Q3’17 metrics, pro forma for LifeLock financials as reported by the company (LifeLock SEC filings: represents preliminary estimated quarter-end December 31, 2016 revenue and is calculated as based on mid-point of range
provided in the 8-K filed on February 1, 2017).
3. Based on LTM Enterprise non-GAAP revenue pro forma for the Blue Coat acquisition as of fiscal Q1’17.
4. Adjusted to include preliminary estimated revenue of LifeLock as of fiscal Q1’17.
5. LifeLock SEC filings.
45%
55%
Enterprise Consumer
Most Recent Quarter Revenue1,2
Enterprise:
• Large install base with 350K+ customers
• Strong renewal rates
• Significant deferred revenue
• Up-sell/cross-sell opportunity
• 85%3 of revenue ratably recognized
Consumer:
• Combined customer base of ~50mm consumers
• High visibility, subscription revenue model
• Auto-renewals driving strong retention
• 95%4 of revenue ratably recognized
• LifeLock retention rate 85%+5
Highly Predictable Revenue Model

Cost Savings & Synergies Initiatives
24
Transaction Cost Synergies
Standalone Cost Savings
(announced Q4 FY16)
$400 million $150 million $80 million
Committed Transaction Cost Synergies
Cost Savings Initiatives and Blue Coat Integration on Track
TSA & Stranded Costs
Procurement
Headcount
Real Estate Utilization
Source: Company press release, earnings call.
Sales and
Marketing
G&A and
Facilities
Products IT

Financial Philosophy
25
• Committed to strong balance sheet
• Expected to have total liquidity of $5.2bn1 at close including $1.0bn under revolving credit facility
• Conservative financial policies with expectation of rapid deleveraging
• Majority of capital return extended / redeployed to fund LifeLock
• Maintain $0.30 annual dividend
• Strategy not dependent on future acquisitions, focus on integrating Blue Coat and LifeLock
• Disciplined approach when evaluating future acquisition opportunities
Balance Sheet
Rapid
Deleveraging
Capital Allocation
M&A
1. Adjusted for the portion of the LifeLock equity purchase price, net of LifeLock cash and cash equivalents as of September 30, 2016, estimated to be financed with cash on hand and for estimated transaction fees and expenses. Not adjusted
for the $500M ASR to be completed in Q4’FY17.

Capital Structure and Debt Maturity Profile
26
1,800
$45
$180 $180
$380
$180
$990$600 $750
$400
$500
$1,250
$1,000
FY17 FY18 FY19 FY20 FY21 FY22 FY23
US Term Loan A
Int'l Term Loan A
Bonds
Convertible Notes
Revolver
$mm
Q3’FY17 PF Q3’FY17
(ex. ASR)
Cash and cash equivalents $5,575 $4,2191
Existing notes 1,750 1,750
Pre-payable loans 3,755 3,755
Acquisition financing - 1,000
Convertible notes 1,750 1,750
Total debt $7,255 $8,255
Net Debt $1,680 $4,036
Source: Symantec SEC filings, 8-K filed on February 1, 2017; please refer to the 10-Q when it is available. See appendix for reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measure.
1. Adjusted for the portion of the LifeLock equity purchase price, net of LifeLock cash and cash equivalents as of September 30, 2016, estimated to be financed with cash on hand and for estimated transaction fees and expenses. Not adjusted
for the $500mm ASR to be completed in Q4’FY17.
2. Symantec LTM Pro Forma Adj. EBITDA represents LTM Symantec pro forma for Blue Coat EBITDA (LTM pro forma financials calculated as twelve months ended December 30, 2016 as adjusted to give pro forma effect to Symantec’s
acquisition of Blue Coat as if it had occurred on April 4, 2015).
3. Source: LifeLock SEC filings: represents preliminary estimated year-end December 31, 2016 adjusted EBITDA and is calculated based on mid-point of range provided in the 8-K filed on February 1, 2017.
4. LifeLock acquisition estimated to generate annual run rate cost synergies of approximately $30mm by end of FY18, accelerating to over $80mm by end of FY20.
Current Debt Maturity Profile

Summary
27
Global cybersecurity leader protecting enterprises, governments and consumers
Technology leader across multiple segments, with unmatched breadth of
cybersecurity capabilities
Attractive growth outlook driven by differentiated capabilities and strong secular
trends
Strong financial profile and disciplined capital structure
Experienced management team with deep cybersecurity background and vision

Symantec Net Revenue Reconciliation
$mm
29
Year ended Six months ended
($mm) 01-Apr-16 03-Apr-15 28-Mar-14 30-Sep-16 02-Oct-15
Net revenues $3,600 $3,956 $4,183 $1,863 $1,818
Adjustments:
Deferred revenue fair value adjustment – – – 36 –
GSA investigation – – 25 – –
EDS & NDI contingency – 30 – – –
Non-GAAP net revenues $3,600 $3,986 $4,208 $1,899 $1,818

Symantec Adj. EBITDA Reconciliation
$mm
30
Year ended Six months ended
($mm) 01-Apr-16 03-Apr-15 28-Mar-14 30-Sep-16 02-Oct-15
Income (loss) from continuing operations (821) 109 91 (3) 78
Net interest expense 65 67 73 70 34
Income tax expense (benefit) 1,213 (8) 16 50 69
Depreciation and amortization 299 351 367 190 151
EBITDA 756 519 547 307 332
Adjustments:
Stock-based compensation expense 161 131 105 134 80
Other corporate expenses(1)
322 868 897 185 252
Impact of purchase accounting(2)
– – – 47 –
Significant litigation charges(3)
– 30 25 – –
Adjusted EBITDA 1,239 1,548 1,574 673 664
1. Represent restructuring, separation and transition costs, unallocated corporate charges, acquisition and integration costs, financial sponsor and debt financing fees and debt extinguishment and refinancing costs.
2. Represents the non-cash effects of acquisition fair value adjustments, including for deferred revenue and inventory.
3. Represents costs related to certain extraordinary litigation. See Note 7 to our consolidated financial statements included in our Annual Report on Form 10-K..

Symantec Pro Forma non-GAAP Revenue Reconciliation
$mm
31
Twelve months ended Nine months ended Twelve months ended
($mm) 1-Apr-16 30-Dec-16 01-Jan-16 30-Dec-16
Consumer Security net revenues 1,670 1,205 1,264 1,611
Enterprise Security net revenues 2,528 1,922 1,888 2,562
Adjustments:
Deferred revenue fair value adjustment(1)
157 104 135 126
Non-GAAP Enterprise Security revenue 2,685 2,025 2,023 2,688
1. Reflects deferred revenue fair value adjustments related to the Blue Coat Acquisition by us on August 1, 2016 and the acquisition of Blue Coat by affiliates of Bain Capital Investors, LLC on May 22, 2015.

Symantec Pro Forma Adj. EBITDA Reconciliation
$mm
32
Twelve months ended Nine months ended Twelve months ended
($mm) 1-Apr-16 30-Dec-16 01-Jan-16 30-Dec-16
Loss from continuing operations 1,270 160 162 1,268
Net interest expense 177 153 132 198
Income tax expense (benefit) 1,051 (12) (38) 1,077
Depreciation and amortization 617 437 464 590
EBITDA 575 418 396 598
Adjustments:
Stock-based compensation expense 309 264 226 347
Other corporate expenses(1)
398 301 365 334
Impact of purchase accounting(2)
185 128 164 149
Significant litigation charges(3)
– 40 – 40
Adjusted EBITDA 1,467 1,152 1,150 1,468
1. Represents restructuring, separation and transition costs, unallocated corporate charges, acquisition and integration costs, financial sponsor and debt financing fees, debt extinguishment and refinancing costs.
2. Represents the non-cash effects of acquisition fair value adjustments, including for deferred revenue and inventory.
3. Represents costs related to certain extraordinary litigation. See Note 7 to our consolidated financial statements included in our Annual Report on Form 10-K.

CY15 CY16
Revenue $587 $667 - $668
Net income (loss) (51) 14 - 15
Depreciation and amortization 19 22
Stock-based compensation 27 34
Income tax (benefit) expense (33) 8
Legal reserves and settlement 99 6
Expenses related to the FTC litigation 10 4
Acquisition related expenses 3 5
Adjusted EBITDA $72 $92 - $93
Net cash provided by (used in) operating activities $(4) $77 - $78
Acquisition of property and equipment (14) (14)
Legal settlement 100 21
Expenses paid for the FTC litigation 7 6
Adjusted FCF $89.5 $90 - $91
LifeLock non-GAAP Reconciliation
$mm
33

Symantec investor presentation february 2017

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