Proctor and Gamble 2010 Annual Report Download - page 76

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74 The Procter & Gamble Company Notes to Consolidated Financial Statements
Amounts in millions of dollars except per share amounts or as otherwise specified.
NOTE 13
QUARTERLY RESULTS (UNAUDITED)
Quarters Ended Sept 30 Dec 31 Mar 31 Jun 30 Total Year
NET SALES 2009 – 2010 $19,807 $21,027 $19,178 $18,926 $78,938
2008 – 2009 20,983 19,763 17,864 18,084 76,694
OPERATING INCOME 2009 – 2010 4,448 4,655 3,968 2,950 16,021
2008 – 2009 4,386 4,055 3,553 3,380 15,374
GROSS MARGIN 2009 – 2010 52.6% 53.7% 51.9% 49.5% 52.0%
2008 – 2009 49.7% 50.4% 49.0% 49.0% 49.5%
NET EARNINGS:
Earnings from continuing operations 2009 – 2010 $ 3,027 $ 3,149 $ 2,585 $ 2,185 $10,946
2008 – 2009 3,115 2,813 2,429 2,323 10,680
Earnings from discontinued operations 2009 – 2010 280 1,510 — — 1,790
2008 – 2009 233 2,191 184 148 2,756
Net earnings 2009 – 2010 3,307 4,659 2,585 2,185 12,736
2008 – 2009 3,348 5,004 2,613 2,471 13,436
DILUTED NET EARNINGS PER COMMON SHARE:
Earnings from continuing operations 2009 – 2010 $ 0.97 $ 1.01 $ 0.83 $ 0.71 $ 3.53
2008 – 2009 0.96 0.89 0.78 0.75 3.39
Earnings from discontinued operations 2009 – 2010 0.09 0.48 — — 0.58
2008 – 2009 0.07 0.69 0.06 0.05 0.87
Diluted net earnings per common share 2009 – 2010 1.06 1.49 0.83 0.71 4.11
2008 – 2009 1.03 1.58 0.84 0.80 4.26