Sony 2003 Annual Report Download - page 170

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Consolidated Financial Information 2003
- 84 -
The following table reflects the net effect on net income and net income per share allocated to the
common stock if Sony had applied the fair value recognition provisions of FAS No. 123 to stock-based
compensation. See Note 17 for detailed assumptions.
Year ended March 31
Year ended
March 31,
2001 2002 2003 2003
Yen in millions
Dollars in
millions
Income before cumulative effect
of accounting changes
allocated to the common stock:
As reported ¥121,227 ¥9,381 ¥115,648 $964
Deduct: Total stock-based
compensation expense
determined under fair value
based method, net of related
tax effects
(2,703)
(5,395)
(7,008)
(59)
Pro forma ¥118,524 ¥3,986 ¥108,640 $905
Net income
allocated to the common stock:
As reported ¥16,754 ¥15,359 ¥115,648 $964
Deduct: Total stock-based
compensation expense
determined under fair value
based method, net of related
tax effects
(2,703)
(5,395)
(7,008)
(59)
Pro forma ¥14,051 ¥9,964 ¥108,640 $905
Yen Dollars
Income before cumulative effect
of accounting changes
allocated to the common stock:
-Basic EPS:
As reported ¥132.64 ¥10.21 ¥125.74 $1.05
Pro forma 129.69 4.34 118.12 0.98
-Diluted EPS:
As reported ¥124.36 ¥10.18 ¥118.21 $0.99
Pro forma 121.64 4.33 111.20 0.93
Net income
allocated to the common stock:
-Basic EPS:
As reported ¥18.33 ¥16.72 ¥125.74 $1.05
Pro forma 15.37 10.85 118.12 0.98
-Diluted EPS:
As reported ¥19.28 ¥16.67 ¥118.21 $0.99
Pro forma 16.56 10.82 111.20 0.93
Net income and net income per share allocated to the subsidiary tracking stock for the years ended March
31, 2002 and 2003 would not be significantly impacted.
Free distribution of common stock -
On occasion, Sony Corporation may make a free distribution of common stock which is accounted for either