CVS 1999 Annual Report Download - page 42

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Notes to Consolidated Financial Statements
40
CVS Corporation
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Quarterly Financial Information (Unaudited)
Following is a summary of the unaudited quarterly results of operations and common stock prices for the respective
fiscal quarters:
Dollars in millions, except per share amounts First Quarter Second Quarter Third Quarter Fourth Quarter Fiscal Year
Fiscal 1999:
Net sales $ 4,240.5 $ 4,362.4 $ 4,311.8 $ 5,183.6 $ 18,098.3
Gross margin 1,169.4 1,190.4 1,141.1 1,360.5 4,861.4
Operating profit 293.2 290.2 219.7 332.4 1,135.5
Net earnings 164.6 162.6 121.6 186.3 635.1
Net earnings per common share, basic 0.41 0.41 0.30 0.47 1.59
Net earnings per common share, diluted 0.40 0.40 0.30 0.46 1.55
Dividends per common share 0.0575 0.0575 0.0575 0.0575 0.2300
Stock price: (New York Stock Exchange)
High 56.44 52.06 53.00 45.75 56.44
Low 45.50 40.50 37.75 30.31 30.31
Registered shareholders at year-end 11,200
Fiscal 1998:
Net sales $ 3,601.5 $ 3,755.9 $ 3,725.1 $ 4,191.1 $ 15,273.6
Gross margin 1,006.9 1,020.5 995.3 1,106.5 4,129.2
Operating profit 233.8 71.9 181.1 265.1 751.9
Net earnings 129.0 14.6 96.2 144.7 384.5
Net earnings per common share, basic 0.33 0.03 0.24 0.36 0.96
Net earnings per common share, diluted 0.32 0.03 0.23 0.36 0.95
Dividends per common share 0.0550 0.0550 0.0575 0.0575 0.2250
Stock price: (New York Stock Exchange)
High 37.44 39.63 46.50 55.69 55.69
Low 31.06 33.38 36.38 42.06 31.06
Registered shareholders at year-end 10,500