Pfizer 2007 Annual Report Download - page 82

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80 2007 Financial Report
Quarterly Consolidated Financial Data (Unaudited)
Pfizer Inc and Subsidiary Companies
QUARTER
(MILLIONS OF DOLLARS, EXCEPT PER COMMON SHARE DATA) FIRST SECOND THIRD FOURTH
2007
Revenues $12,474 $11,084 $11,990 $12,870
Costs and expenses 7,326 8,414 10,899 9,684
Acquisition-related in-process research and development charges 283———
Restructuring charges and acquisition-related costs 812 1,051 455 216
Income from continuing operations before (benefit)/provision
for taxes on income, and minority interests 4,053 1,619 636 2,970
(Benefit)/provision for taxes on income 689 272 (161) 223
Minority interests 32136
Income from continuing operations 3,361 1,345 796 2,711
Discontinued operations:
Income/(loss) from discontinued operations—net of tax ———(3)
Gains/(losses) on sales of discontinued operations—net of tax 31 (78) (35) 16
Discontinued operations—net of tax 31 (78) (35) 13
Net income $ 3,392 $ 1,267 $ 761 $ 2,724
Earnings per common share—basic:
Income from continuing operations $ 0.48 $ 0.19 $ 0.12 $ 0.40
Discontinued operations—net of tax — (0.01) (0.01) —
Net income $ 0.48 $ 0.18 $ 0.11 $ 0.40
Earnings per common share—diluted:
Income from continuing operations $ 0.48 $ 0.19 $ 0.12 $ 0.40
Discontinued operations—net of tax — (0.01) (0.01) —
Net income $ 0.48 $ 0.18 $ 0.11 $ 0.40
Cash dividends paid per common share $ 0.29 $ 0.29 $ 0.29 $ 0.29
Stock prices
High $ 27.41 $ 27.73 $ 26.15 $ 25.71
Low $ 24.55 $ 25.23 $ 23.13 $ 22.24
Basic and diluted EPS are computed independently for each of the
periods presented. Accordingly, the sum of the quarterly EPS
amounts may not agree to the total for the year.
Acquisition-related in-process research and development charges
primarily includes amounts incurred in connection with our
acquisitions of BioRexis and Embrex (see
Note 2. Acquisitions
).
Restructuring charges and acquisition-related costs
includes
restructuring charges primarily related to our cost-reduction
initiatives (see
Note 5. Cost-Reduction Initiatives
).
As of January 31, 2008, there were 231,737 holders of record of
our common stock (symbol PFE).