Sony 1997 Annual Report Download - page 39

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37
Quarterly Financial and Stock Information
Sony Corporation and Consolidated Subsidiaries
(Unaudited)
Year ended March 31
Dollars in millions
except per share
Yen in billions except per share amounts amounts
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 4th Quarter
1996 1997 1996 1997 1996 1997 1996 1997 1997
Sales and operating
revenue . . . . . . . . . . . . . . ¥895.5 ¥1,172.2 ¥1,159.5 ¥1,358.5 ¥1,350.6 ¥1,666.8 ¥1,186.9 ¥1,465.7 $11,820.1
Operating income . . . . . . . 17.8 55.3 64.8 80.6 117.3 164.5 35.4 69.9 563.8
Interest income
(expense), net . . . . . . . . . . (9.7) (12.6) (12.8) (13.5) (14.9) (13.9) (11.6) (11.5) (93.0)
Foreign exchange gain
(loss), net . . . . . . . . . . . . . 30.0 (0.6) (32.4) 7.6 (21.7) 5.8 (1.4) 5.3 42.8
Income before
income taxes . . . . . . . . . . . 29.4 43.8 18.6 65.7 74.0 147.4 16.3 55.6 448.4
Income taxes . . . . . . . . . . . 20.2 25.9 8.4 28.0 32.9 67.8 15.6 41.8 337.3
Net income . . . . . . . . . . . . 7.5 17.1 8.6 34.6 37.1 75.4 1.0 12.3 99.5
Net income per share . . . . . ¥ 19.3 ¥ 38.2 ¥ 22.0 ¥ 76.0 ¥ 90.3 ¥ 163.8 ¥ 3.7 ¥ 27.9 $ 0.23
Depreciation and
amortization* . . . . . . . . . . ¥ 49.1 ¥ 59.7 ¥ 56.0 ¥ 61.8 ¥ 59.7 ¥ 66.9 ¥ 62.5 ¥ 78.2 $ 630.4
Capital expenditures
(additions to fixed assets). . 62.7 67.5 64.5 76.6 48.0 57.3 76.0 96.7 780.2
R&D expenses . . . . . . . . . . 61.5 62.8 65.9 74.6 62.1 67.1 67.8 78.0 629.1
Tokyo Stock Exchange
price per share of
Common Stock:
High . . . . . . . . . . . . . . . . ¥4,320 ¥ 7,310 ¥ 5,630 ¥ 7,260 ¥ 6,230 ¥ 7,700 ¥ 7,030 ¥ 9,180 $ 74.03
Low . . . . . . . . . . . . . . . . 3,730 6,350 4,010 6,680 4,570 6,720 6,040 7,250 58.47
New York Stock Exchange
price per American
Depositary Share:
High . . . . . . . . . . . . . . . . $ 521/2$ 665/8$ 581/4$ 661/4$ 611/2$ 677/8$ 661/4$ 741/4
Low . . . . . . . . . . . . . . . . 457/859 483/4611/2451/2587/8573/8633/8
* Including amortization of deferred insurance acquisition costs
Notes: 1. U.S. dollar amounts have been translated from yen, for convenience only, at the rate of ¥124=U.S.$1, the approximate Tokyo foreign
exchange market rate as of March 31, 1997, as described in Note 3 of Notes to Consolidated Financial Statements.
2. Net income per share is computed based on the average number of common shares outstanding during each period after consideration of
the dilutive effect of common stock equivalents.
3. During the fiscal year ended March 31, 1996, the Company changed its method of accounting for assessing the carrying values of
intercompany foreign currency commitments to comply with the Emerging Issues Task Force Issue No. 95-2. This did not have a material
impact on results of operations for the years ended March 31, 1996 and 1997.
4. Refer to Note 2 of Notes to Consolidated Financial Statements, regarding the accounting policy for the earnings per share computation.