Dell 2004 Annual Report Download - page 61

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Table of Contents
Fiscal Year Ended
January 28, January 30, January 31,
2005 2004 2003
(in millions)
Supplemental Consolidated Statements of Cash Flows Information:
Changes in operating working capital accounts:
Accounts receivable, net $ (837) $ (813) $ 190
Inventories (130) (53) (21)
Accounts payable 1,595 1,283 844
Accrued and other liabilities 1,538 867 585
Other, net (411) (412) (388)
$ 1,755 $ 872 $ 1,210
Income taxes paid $ 575 $ 699 $ 607
Interest paid $ 31 $ 30 $ 20
NOTE 11 — Unaudited Quarterly Results
The following tables contain selected unaudited consolidated statements of income and stock sales price data for each quarter of fiscal 2005
and 2004:
Fiscal Year 2005
4th 3rd 2nd 1st
Quarter(a) Quarter Quarter Quarter
(in millions, except per share data)
Net revenue $ 13,457 $ 12,502 $ 11,706 $ 11,540
Gross margin $ 2,495 $ 2,313 $ 2,134 $ 2,073
Net income $ 667 $ 846 $ 799 $ 731
Earnings per common share(b):
Basic $ 0.27 $ 0.34 $ 0.32 $ 0.29
Diluted $ 0.26 $ 0.33 $ 0.31 $ 0.28
Weighted average shares outstanding:
Basic 2,485 2,493 2,518 2,539
Diluted 2,553 2,546 2,574 2,593
Stock sales prices per share:
High $ 42.38 $ 36.66 $ 36.66 $ 36.31
Low $ 35.06 $ 33.12 $ 34.05 $ 31.20
Fiscal Year 2004
4th 3rd 2nd 1st
Quarter Quarter Quarter Quarter
(in millions, except per share data)
Net revenue $ 11,512 $ 10,622 $ 9,778 $ 9,532
Gross margin $ 2,091 $ 1,935 $ 1,778 $ 1,748
Net income $ 749 $ 677 $ 621 $ 598
Earnings per common share(b):
Basic $ 0.29 $ 0.26 $ 0.24 $ 0.23
Diluted $ 0.29 $ 0.26 $ 0.24 $ 0.23
Weighted average shares outstanding:
Basic 2,557 2,563 2,567 2,572
Diluted 2,616 2,623 2,624 2,614
Stock sales prices per share:
High $ 36.52 $ 36.98 $ 34.00 $ 29.89
Low $ 32.65 $ 30.94 $ 29.49 $ 22.86
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