Apple 1994 Annual Report Download - page 44

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Selected Quarterly Financial Information (Unaudited)
(Tabular amounts in thousands, except per share amounts)
At September 30, 1994, there were 32,219 shareholders of record.
The Company began declaring quarterly cash dividends on its common stock in April 1987. The dividend policy is determined quarterly by the
Board of Directors and is dependent on the Company's earnings, capital requirements, financial condition, and other factors.
The price range per common share represents the highest and lowest closing prices for the Company's common stock on the Nasdaq National
Market during each quarter.
Net income for the third quarter of 1994 includes a restructuring adjustment that increased income by $127 million ($79 million, or $0.66 per
share, after taxes). Net loss for the third quarter of 1993 includes a restructuring charge of $321 million ($199 million, or $ 1.72 per share, after
taxes).
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Not applicable.
41
Fourth Third Second First
Quarter Quarter Quarter Quarter
1994
Net sales $2,493,286 $2,149,908 $2,076,700 $2,468,854
Gross margin $ 678,873 $ 573,872 $ 499,064 $ 592,024
Net income $ 114,655 $ 138,101 $ 17,404 $ 40,018
Earnings per
common and common
equivalent share $ 0.95 $ 1.16 $ 0.15 $ 0.34
Cash dividends
declared per
common share $ 0.12 $ 0.12 $ 0.12 $ 0.12
Price range per
common share $36 3/8-$26 1/8 $33 1/2-$25 1/8 $38 1/8-$29 1/4 $34-$22 1/2
1993
Net sales $2,140,789 $1,861,979 $1,973,894 $2,000,292
Gross margin $ 550,428 $ 606,004 $ 760,763 $ 810,925
Net income (loss) $ 2,664 $(188,316) $ 110,900 $ 161,341
Earnings (loss) per
common and common
equivalent share $ 0.02 $ (1.63) $ 0.92 $ 1.33
Cash dividends
declared per
common share $ 0.12 $ 0.12 $ 0.12 $ 0.12
Price range per
common share $40 1/8-$24 1/4 $58 3/4-$39 5/8 $65-$52 3/4 $60 5/8-$43 3/8