Microsoft 2012 Annual Report Download - page 81

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NOTE 23 — QUARTERLY INFORMATION (UNAUDITED)
(In millions, except per share amounts)
Quarter Ended
September 30
December 31
March 31
June 30
Total
Fiscal Year 2012
Revenue
$
17,372
$
20,885
$
17,407
$
18,059
$
73,723
Gross profit
13,595
15,247
13,455
13,896
56,193
Net income
5,738
6,624
5,108
(492
)
(a)
16,978
(a)
Basic earnings (loss) per share
0.68
0.79
0.61
(0.06
)
2.02
Diluted earnings (loss) per share
0.68
0.78
0.60
(0.06
)
(a)
2.00
(a)
Fiscal Year 2011
Revenue
$
16,195
$
19,953
$
16,428
$
17,367
$
69,943
Gross profit
13,056
15,120
12,531
13,659
54,366
Net income
5,410
6,634
5,232
(b)
5,874
(c)
23,150
Basic earnings per share
0.63
0.78
0.62
0.70
2.73
Diluted earnings per share
0.62
0.77
0.61
0.69
2.69
(a) Includes a goodwill impairment charge related to our OSD business segment which decreased net income by $6.2
billion and diluted earnings per share by $0.73.
(b) Includes a partial settlement of an I.R.S. audit of tax years 2004 to 2006, which increased net income by $461
million.
(c) Reflects an effective tax rate of 7% due mainly to the adjustment of our previously estimated effective tax rate for the
year to reflect the actual full year mix of foreign and U.S. taxable income. In addition, upon completion of our annual
domestic and foreign tax returns, we adjusted the estimated tax provision to reflect the tax returns filed and recorded
an income tax benefit which lowered our effective tax rate.