Dell 2000 Annual Report Download - page 22

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Current liabilities:
Accounts payable $ 4,286 $ 3,538
Accrued and other 2,257 1,654
Total current liabilities 6,543 5,192
Long-term debt 509 508
Other 761 463
Commitments and contingent liabilities (Note 7) — —
Total liabilities 7,813 6,163
Stockholders' equity:
Preferred stock and capital in excess of $.01 par value; shares issued and
outstanding: none — —
Common stock and capital in excess of $.01 par value; shares issued and
outstanding: 2,601 and 2,575, respectively 4,795 3,583
Retained earnings 839 1,260
Other comprehensive income 62 533
Other (74) (68)
Total stockholders' equity 5,622 5,308
Total liabilities and stockholders' equity $ 13,435 $ 11,471
The accompanying notes are an integral part of these consolidated financial statements.
27
Table of Contents
DELL COMPUTER CORPORATION
CONSOLIDATED STATEMENT OF INCOME
(in millions, except per share amounts)
Fiscal Year Ended
February 2, January 28, January 29,
2001 2000 1999
Net revenue $ 31,888 $ 25,265 $ 18,243
Cost of revenue 25,445 20,047 14,137
Gross margin 6,443 5,218 4,106
Operating expenses:
Selling, general and administrative 3,193 2,387 1,788
Research, development and engineering 482 374 272
Special charges 105 194 —
Total operating expenses 3,780 2,955 2,060
Operating income 2,663 2,263 2,046
Investment and other income, net 531 188 38
Income before income taxes and cumulative effect of change in accounting principle 3,194 2,451 2,084
Provision for income taxes 958 785 624
Income before cumulative effect of change in accounting principle 2,236 1,666 1,460
Cumulative effect of change in accounting principle, net 59 — —
Net Income $ 2,177 $ 1,666 $ 1,460
Earnings per common share:
Before cumulative of effect change in accounting principle:
Basic $ 0.87 $ 0.66 $ 0.58
Diluted $ 0.81 $ 0.61 $ 0.53