Management’s Discussion and Analysis of Financial Condition and Results of Operations COMCAST CORPORATION AND SUBSIDIARIES 28 COMCAST CORPORATION AND SUBSIDIARIES the Exchangeable Notes varies based upon the fair market value of the security to which it is indexed.
The Exchangeable Notes are collateralized by our investments in Cablevision, Microsoft and Vodafone, respectively.
The Comcast exchangeable notes are collateralized by our Class A Special common stock held in treasury.
We have settled and intend in the future to settle all of the Comcast exchangeable notes using cash.
During 2004 and 2003, we settled an aggregate of $847 million face amount and $638 million face amount, respectively, of our obligations relating to our notes exchangeable into Comcast stock by delivering cash to the counterparty upon maturity of the instruments, and the equity collar agreements related to the underlying shares expired or were settled.
During 2004 and 2003, we settled $2.359 billion face amount and $1.213 billion face amount, respectively, of our obligations relating to our Exchangeable Notes by delivering the underlying shares of common stock to the counterparty upon maturity of the investments.
As of December 31, 2004, our debt includes an aggregate of $1.699 billion of Exchangeable Notes, including $1.645 billion within current portion of long-term debt.
As of December 31, 2004, the securities we hold collateralizing the Exchangeable Notes were sufficient to substantially satisfy the debt obligations associated with the outstanding Exchangeable Notes.
Stock Repurchases.
During 2004, under our Board-authorized, $2 billion share repurchase program, we repurchased 46.9 million shares of our Class A Special common stock for $1.328 billion.
We expect such repurchases to continue from time to time in the open market or in private transactions, subject to market conditions.
Refer to Notes 8 and 10 to our consolidated financial statements for a discussion of our financing activities.
Investing Activities Net cash used in investing activities from continuing operations was $4.512 billion for the year ended December 31, 2004, and consists primarily of capital expenditures of $3.660 billion, additions to intangible and other noncurrent assets of $628 million and the acquisition of TechTV for approximately $300 million.
Capital Expenditures.
Our most significant recurring investing activity has been and is expected to continue to be capital expenditures.
The following table illustrates the capital expenditures we incurred in our cable segment during 2004 and expect to incur in 2005 (dollars in millions):
## Table 0 ##
The amount of our capital expenditures for 2005 and for subsequent years will depend on numerous factors, some of which are beyond our control, including competition, changes in technology and the timing and rate of deployment of new services.
Additions to Intangibles.
Additions to intangibles during 2004 primarily relate to our investment in a $250 million long-term strategic license agreement with Gemstar, multiple dwelling unit contracts of approximately $133 million and other licenses and software intangibles of approximately $168 million.
Investments.
Proceeds from sales, settlements and restructurings of investments totaled $228 million during 2004, related to the sales of our non-strategic investments, including our 20% interest in DHC Ventures, LLC (Discovery Health Channel) for approximately $149 million.
We consider investments that we determine to be non-strategic, highly-valued, or both to be a source of liquidity.
We consider our investment in $1.5 billion in Time Warner common-equivalent preferred stock to be an anticipated source of liquidity.
We do not have any significant contractual funding commitments with respect to any of our investments.
Refer to Notes 6 and 7 to our consolidated financial statements for a discussion of our investments and our intangible assets, respectively.
OFF-BALANCE SHEET ARRANGEMENTS We do not have any significant off-balance sheet arrangements that are reasonably likely to have a current or future effect on our financial condition, results of operations, liquidity, capital expenditures or capital resources.
Tables of Contents ITEM 6 SELECTED FINANCIAL DATA The following tables show Intuit’s selected financial information for the past five fiscal years.
The comparability of the information is affected by a variety of factors, including acquisitions and divestitures of businesses, issuance of long-term debt, share-based compensation expense, amortization of acquired technology and other acquired intangible assets, and repurchases of common stock under our stock repurchase programs.
In fiscal 2007 we acquired Digital Insight Corporation for a total purchase price of approximately $1.34 billion.
In that fiscal year we also issued $1 billion in senior notes.
In fiscal 2008, 2009 and 2010 we acquired several smaller companies, including Homestead Technologies Inc. , Electronic Clearing House, Inc. , PayCycle, Inc. , Mint Software Inc.  and Medfusion, Inc.  We have included the results of operations for each of them in our consolidated results of operations from their respective dates of acquisition.
During fiscal 2007 and fiscal 2008 we transitioned certain outsourced payroll customers in connection with a sale of assets to Automatic Data Processing, Inc.  (ADP).
In addition, we sold our Intuit Distribution Management Solutions business in fiscal 2008 and our Intuit Real Estate Solutions business in fiscal 2010.
We accounted for these two businesses as discontinued operations and, accordingly, we have reclassified the selected financial data for all periods presented to reflect them as such.
To better understand the information in these tables, investors should read “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Item 7 of this report, and the financial statements and related notes in Item 8 of this report.
## Table 1 ##
Tables of Contents Operating income from continuing operations increased 26% in fiscal 2010 compared with fiscal 2009 .
Total costs and expenses were $166 million higher in fiscal 2010 .
Total costs and expenses for fiscal 2010 increased about $38 million due to higher cost of service and other revenue associated with growth in service and other revenue; about $42 million due to higher incentive compensation expenses that were directly related to our financial performance; and about $46 million due to operating expenses for PayCycle, Mint and Medfusion.
See “Cost of Revenue” and “Operating Expenses” later in this Item 7 for more information.
Net income from continuing operations increased 21% in fiscal 2010 compared with fiscal 2009 .
Our effective tax rate for fiscal 2010 was approximately 34% and our effective tax rate for fiscal 2009 was approximately 31%.
See “Income Taxes” later in this Item 7 for more information on the discrete tax items that affected both of these effective tax rates.
Diluted net income per share from continuing operations for fiscal 2010 increased 23% to $1.66 as a result of the increase in net income and the decline in weighted average diluted shares compared with fiscal 2009.  Business Segment Results The information below is organized in accordance with our seven reportable business segments.
Results for our Other Businesses segment have been adjusted for all periods presented to exclude results for our Intuit Real Estate Solutions business, which became a discontinued operation in the second quarter of fiscal 2010.
See Note 8 to the financial statements in Item 8 of this report for more information.
Segment operating income is segment net revenue less segment cost of revenue and operating expenses.
Segment expenses do not include certain costs, such as corporate selling and marketing, product development, and general and administrative expenses and share-based compensation expenses, which are not allocated to specific segments.
These unallocated costs totaled $685 million in fiscal 2011 , $609 million in fiscal 2010 and $514 million in fiscal 2009 .
Unallocated costs increased in fiscal 2011 compared with fiscal 2010 due to increases in corporate selling and marketing expenses in support of the growth of our businesses and higher share-based compensation expense.
Segment expenses also do not include amortization of acquired technology, amortization of other acquired intangible assets, and goodwill and intangible asset impairment charges.
See Note 15 to the financial statements in Item 8 of this report for reconciliations of total segment operating income to consolidated operating income for each fiscal year presented.
We calculate revenue growth rates and segment operating margin figures using dollars in thousands.
Those results may vary slightly from figures calculated using the dollars in millions presented.
Financial Management Solutions
## Table 2 ##
Financial Management Solutions (FMS) product revenue is derived primarily from QuickBooks desktop software products and financial supplies such as paper checks, envelopes, invoices, business cards and business stationery.
FMS service and other revenue is derived primarily from QuickBooks Online; QuickBooks support plans; Intuit Websites, which provides website design and hosting services for small and mediumsized businesses; QuickBase; and royalties from small business online services.
Fiscal 2011 Compared with Fiscal 2010 FMS total net revenue increased $90 million or 15% in fiscal 2011 compared with fiscal 2010.
Higher FMS revenue in fiscal 2011 was driven by strong growth in QuickBooks Online, QuickBooks Enterprise, and Intuit Websites revenue, and to a lesser extent by growth in QuickBooks desktop revenue.
Higher average selling prices for QuickBooks offerings more than offset a 9% decline in total QuickBooks software units for fiscal 2011.

<table><tr><td></td><td>2004</td><td>2005</td></tr><tr><td>Deployment of cable modems, digital converters, and new service offerings</td><td>$2,106</td><td>$2,300</td></tr><tr><td>Upgrading of cable systems</td><td>902</td><td>200</td></tr><tr><td>Recurring capital projects</td><td>614</td><td>500</td></tr><tr><td>Total cable segment capital expenditures</td><td>$3,622</td><td>$3,000</td></tr></table>
<table><tr><td>Consolidated Statement of Operations Data</td><td colspan="5">Fiscal</td></tr><tr><td>(In millions, except per share amounts)</td><td>2011</td><td>2010</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>Total net revenue</td><td>$3,851</td><td>$3,455</td><td>$3,109</td><td>$2,993</td><td>$2,606</td></tr><tr><td>Total costs and expenses</td><td>2,844</td><td>2,592</td><td>2,426</td><td>2,349</td><td>1,976</td></tr><tr><td>Operating income from continuing operations</td><td>1,007</td><td>863</td><td>683</td><td>644</td><td>630</td></tr><tr><td>Total share-based compensation expense included in total costs and expenses</td><td>153</td><td>134</td><td>130</td><td>111</td><td>75</td></tr><tr><td>Net income from continuing operations</td><td>634</td><td>539</td><td>447</td><td>447</td><td>439</td></tr><tr><td>Net income from discontinued operations</td><td>—</td><td>35</td><td>—</td><td>30</td><td>1</td></tr><tr><td>Net income</td><td>634</td><td>574</td><td>447</td><td>477</td><td>440</td></tr><tr><td>Net income per common share:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic net income per share from continuing operations</td><td>$2.07</td><td>$1.71</td><td>$1.39</td><td>$1.36</td><td>$1.28</td></tr><tr><td>Basic net income per share from discontinued operations</td><td>—</td><td>0.11</td><td>—</td><td>0.09</td><td>—</td></tr><tr><td>Basic net income per share</td><td>$2.07</td><td>$1.82</td><td>$1.39</td><td>$1.45</td><td>$1.28</td></tr><tr><td>Diluted net income per share from continuing operations</td><td>$2.00</td><td>$1.66</td><td>$1.35</td><td>$1.32</td><td>$1.24</td></tr><tr><td>Diluted net income per share from discontinued operations</td><td>—</td><td>0.11</td><td>—</td><td>0.09</td><td>—</td></tr><tr><td>Diluted net income per share</td><td>$2.00</td><td>$1.77</td><td>$1.35</td><td>$1.41</td><td>$1.24</td></tr></table>
<table><tr><td>(Dollars in millions)</td><td>Fiscal2011</td><td>Fiscal2010</td><td>Fiscal2009</td><td>2011-2010% Change</td><td>2010-2009% Change</td></tr><tr><td>Product revenue</td><td>$405</td><td>$382</td><td>$383</td><td></td><td></td></tr><tr><td>Service and other revenue</td><td>296</td><td>229</td><td>196</td><td></td><td></td></tr><tr><td>Total segment revenue</td><td>$701</td><td>$611</td><td>$579</td><td>15%</td><td>6%</td></tr><tr><td>% of total revenue</td><td>18%</td><td>18%</td><td>19%</td><td></td><td></td></tr><tr><td>Segment operating income</td><td>$220</td><td>$152</td><td>$113</td><td>44%</td><td>34%</td></tr><tr><td>% of related revenue</td><td>31%</td><td>25%</td><td>20%</td><td></td><td></td></tr></table>

Question: What's the growth rate of Net income in Fiscal 2010?
Answer: 0.28412