Cisco 2013 Annual Report Download - page 129

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Supplementary Financial Data (Unaudited)
(in millions, except per-share amounts)
Quarters Ended July 27, 2013 April 27, 2013 January 26, 2013 (1) October 27, 2012
Revenue ........................................... $12,417 $12,216 $12,098 $11,876
Gross margin ...................................... $ 7,347 $ 7,511 $ 7,343 $ 7,239
Operating income ................................... $ 2,814 $ 2,942 $ 2,789 $ 2,651
Net income ........................................ $ 2,270 $ 2,478 $ 3,143 $ 2,092
Net income per share—basic .......................... $ 0.42 $ 0.47 $ 0.59 $ 0.39
Net income per share—diluted ........................ $ 0.42 $ 0.46 $ 0.59 $ 0.39
Cash dividends declared per common share ............. $ 0.17 $ 0.17 $ 0.14 $ 0.14
Cash and cash equivalents and investments ............. $50,610 $47,388 $46,376 $45,000
Quarters Ended July 28, 2012 April 28, 2012 January 28, 2012 October 29, 2011
Revenue ........................................... $11,690 $11,588 $11,527 $11,256
Gross margin ....................................... $ 7,085 $ 7,169 $ 7,065 $ 6,890
Operating income .................................... $ 2,371 $ 2,750 $ 2,734 $ 2,210
Net income ......................................... $ 1,917 $ 2,165 $ 2,182 $ 1,777
Net income per share—basic ........................... $ 0.36 $ 0.40 $ 0.41 $ 0.33
Net income per share—diluted ......................... $ 0.36 $ 0.40 $ 0.40 $ 0.33
Cash dividends declared per common share ............... $ 0.08 $ 0.08 $ 0.06 $ 0.06
Cash and cash equivalents and investments ............... $48,716 $48,412 $46,742 $44,388
(1) In the second quarter of fiscal 2013, the IRS and the Company settled all outstanding items related to the Company’s federal income tax returns for the
fiscal years ended July 27, 2002 through July 28, 2007. As a result of the settlement, the Company recorded a net tax benefit of $794 million. Also during
the three months ended January 26, 2013, the American Taxpayer Relief Act of 2012 reinstated the U.S. federal R&D tax credit, retroactive to January 1,
2012. As a result of the credit, the Company recognized tax benefits of $184 million in fiscal 2013, of which $72 million related to fiscal 2012 R&D
expenses.
Stock Market Information
Cisco common stock is traded on the NASDAQ Global Select Market under the symbol CSCO. The following table lists the
high and low sales prices for each period indicated:
FISCAL 2013 FISCAL 2012
Fiscal High Low High Low
First quarter .............................................................. $19.75 $15.65 $18.60 $13.30
Second quarter ........................................................... $21.25 $16.68 $20.07 $17.22
Third quarter ............................................................. $21.98 $19.98 $21.30 $19.27
Fourth quarter ............................................................ $26.15 $20.29 $20.17 $14.96
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures
None.
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