Dell 1999 Annual Report Download - page 35

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48
Fiscal Year 1999
4th 3rd 2nd 1st
Quarter Quarter Quarter Quarter
(in millions, except per share data)
Net revenues $ 5,173 $ 4,818 $ 4,331 $ 3,920
Gross margin 1,161 1,086 985 873
Net income 425 384 346 305
Earnings per common share (a):
Basic $ 0.17 $ 0.15 $ 0.14 $ 0.12
Diluted $ 0.15 $ 0.14 $ 0.12 $ 0.11
Weighted average shares outstanding (a):
Basic 2,527 2,527 2,529 2,547
Diluted 2,749 2,762 2,785 2,799
Stock sales prices per share (a):
High $ 50.19 $ 34.63 $ 29.56 $ 21.06
Low $ 29.78 $ 20.38 $ 19.31 $ 12.61
(a) Earnings per common share are computed independently for each of the quarters presented. Therefore, the sum of the quarterly
per common share information may not equal the annual earnings per common share. All share, per share and stock sales price
information has been retroactively restated to reflect prior common stock splits. See Note 7 — Common Stock.
49
ITEM 9 —CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURE
None.
PART III
The information called for by Part III of Form 10-K (consisting of Item 10 — Directors and Executive Officers of the Registrant,
Item 11 — Executive Compensation, Item 12 — Security Ownership of Certain Beneficial Owners and Management and Item 13 —
Certain Relationships and Transactions), to the extent not set forth herein under "Item 1 — Business — Executive Officers of the
Company," is incorporated by reference from the Company's definitive proxy statement, which will be filed with the Securities and
Exchange Commission within 120 days after the end of the fiscal year to which this Report relates.
PART IV
ITEM 14 — EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K
Financial Statements
The following financial statements are filed as a part of this Report under "Item 8 — Financial Statements and Supplementary Data":
Page
Report of Independent Accountants 28
Consolidated Statement of Financial Position at January 28, 2000 and January 29, 1999 29
Consolidated Statement of Income for the three fiscal years ended January 28, 2000 30
Consolidated Statement of Cash Flows for the three fiscal years ended January 28, 2000 31
Consolidated Statement of Stockholders' Equity for the three fiscal years ended January 28, 2000 32
Notes to Consolidated Financial Statements 33
Financial Statement Schedules
The following financial statement schedule is filed as a part of this Report under Schedule II immediately preceding the signature
page: Schedule II — Valuation and Qualifying Accounts for the three fiscal years ended January 28, 2000. All other schedules called
for by Form 10-K are omitted because they are inapplicable or the required information is shown in the financial statements, or notes
thereto, included herein.
50