Apple 2010 Annual Report Download - page 49

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Table of Contents
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except share amounts which are reflected in thousands and per share amounts)
See accompanying Notes to Consolidated Financial Statements.
46
Three years ended September 25, 2010
2010
2009
2008
Net sales
$
65,225
$
42,905
$
37,491
Cost of sales
39,541
25,683
24,294
Gross margin
25,684
17,222
13,197
Operating expenses:
Research and development
1,782
1,333
1,109
Selling, general and administrative
5,517
4,149
3,761
Total operating expenses
7,299
5,482
4,870
Operating income
18,385
11,740
8,327
Other income and expense
155
326
620
Income before provision for income taxes
18,540
12,066
8,947
Provision for income taxes
4,527
3,831
2,828
Net income
$
14,013
$
8,235
$
6,119
Earnings per common share:
Basic
$
15.41
$
9.22
$
6.94
Diluted
$
15.15
$
9.08
$
6.78
Shares used in computing earnings per share:
Basic
909,461
893,016
881,592
Diluted
924,712
907,005
902,139