Cisco 2003 Annual Report Download - page 63

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Property and equipment information is based on the physical location of the assets. The following table presents property and
equipment information for geographic areas (in millions):
July 26, 2003 July 27, 2002 July 28, 2001
Property and equipment, net:
United States $3,264 $3,555 $ 1,966
International 457 547 625
Total $3,721 $4,102 $ 2,591
13. NET INCOME (LOSS) PER SHARE
The following table presents the calculation of basic and diluted net income (loss) per share (in millions, except per-share amounts):
Years Ended July 26, 2003 July 27, 2002 July 28, 2001
Net income (loss) $3,578 $1,893 $ (1,014)
Weighted-average shares—basic 7,124 7,301 7,196
Effect of dilutive potential common shares 99 146 —
Weighted-average shares—diluted 7,223 7,447 7,196
Net income (loss) per share—basic $0.50 $0.26 $ (0.14)
Net income (loss) per share—diluted $0.50 $0.25 $ (0.14)
Dilutive potential common shares consist of employee stock options and restricted common stock. The weighted-average dilutive
potential common shares, which were antidilutive for fiscal 2001, amounted to 348 million shares. Employee stock options to
purchase approximately 838 million, 712 million, and 426 million shares in fiscal 2003, 2002, and 2001, respectively, were outstanding,
but were not included in the computation of diluted earnings per share because the exercise price of the stock options was greater
than the average share price of the common shares and, therefore, the effect would have been antidilutive.
2003 ANNUAL REPORT 61