Dell 2002 Annual Report Download - page 58

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Table of Contents
NOTE 11 — Unaudited Quarterly Results
The following tables contain selected unaudited Consolidated Statement of Income and stock sales price data for each quarter of fiscal 2003 and 2002.
Fiscal Year 2003
4th 3rd 2nd 1st
Quarter Quarter Quarter Quarter
(in millions, except per share data)
Net revenue $ 9,735 $ 9,144 $ 8,459 $ 8,066
Gross margin $ 1,781 $ 1,662 $ 1,515 $ 1,391
Net income $ 603 $ 561 $ 501 $ 457
Earnings per common share(a):
Basic $ 0.23 $ 0.22 $ 0.19 $ 0.18
Diluted $ 0.23 $ 0.21 $ 0.19 $ 0.17
Weighted average shares outstanding:
Basic 2,576 2,582 2,586 2,595
Diluted 2,621 2,634 2,649 2,672
Stock sales prices per share:
High $ 30.94 $ 29.06 $ 27.95 $ 28.91
Low $ 23.86 $ 23.11 $ 22.33 $ 23.76
Fiscal Year 2002
4th 3rd 2nd 1st
Quarter Quarter Quarter Quarter
(in millions, except per share data)
Net revenue $ 8,061 $ 7,468 $ 7,611 $ 8,028
Gross margin $ 1,416 $ 1,313 $ 1,330 $ 1,448
Net income (loss) $ 456 $ 429 $ (101) $ 462
Earnings (loss) per common share(a):
Basic $ 0.18 $ 0.16 $ (0.04) $ 0.18
Diluted $ 0.17 $ 0.16 $ (0.04) $ 0.17
Weighted average shares outstanding:
Basic 2,599 2,611 2,601 2,600
Diluted 2,690 2,728 2,601 2,757
Stock sales prices per share:
High $ 29.67 $ 27.84 $ 28.74 $ 30.49
Low $ 25.30 $ 16.63 $ 23.41 $ 20.63
(a) Earnings (loss) per common share are computed independently for each of the quarters presented. Therefore, the sum of the quarterly per common share
information may not equal the annual earnings per common share. 55