Dell 2000 Annual Report Download - page 37

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Basic $ 0.17 $ 0.26 $ 0.23 $ 0.20
Diluted $ 0.16 $ 0.25 $ 0.22 $ 0.19
After cumulative effect of change in accounting principle
Basic $ 0.17 $ 0.26 $ 0.23 $ 0.18
Diluted $ 0.16 $ 0.25 $ 0.22 $ 0.17
Weighted average shares outstanding:
Basic 2,582 2,586 2,582 2,575
Diluted 2,783 2,739 2,726 2,737
Stock sales prices per share:
High $ 33.06 $ 44.25 $ 54.67 $ 59.69
Low $ 16.25 $ 22.75 $ 42.00 $ 35.00
Fiscal Year 2000
4th 3rd 2nd 1st
Quarter Quarter Quarter Quarter
(in millions, except per share data)
Net revenue $ 6,802 $ 6,784 $ 6,142 $ 5,537
Gross margin 1,304 1,370 1,354 1,190
Net income $ 436 $ 289 $ 507 $ 434
Earnings per common share (b):
Basic $ 0.17 $ 0.11 $ 0.20 $ 0.17
Diluted $ 0.16 $ 0.11 $ 0.19 $ 0.16
Weighted average shares outstanding:
Basic 2,559 2,538 2,524 2,528
Diluted 2,731 2,724 2,725 2,738
Stock sales prices per share:
High $ 53.97 $ 49.94 $ 45.06 $ 55.00
Low $ 37.06 $ 37.38 $ 31.38 $ 35.38
(a) Reflects the adoption of SAB 101 as discussed in Note 1. The cumulative effect of this change was $59 million, net of taxes. Other than the cumulative
effect, this accounting change had no material effect on the Company's previously reported revenue or quarterly earnings during fiscal 2001.
(b) 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. 46
Table of Contents
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 Related 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 26
Consolidated Statement of Financial Position at February 2, 2001 and January 28, 2000 27
Consolidated Statement of Income for each of the three fiscal years ended February 2, 2001 28