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Table of Contents
Fiscal Year Ended
January 30, January 31, February 1,
2004 2003 2002
(in millions)
Supplemental Consolidated Statements of Cash Flows Information:
Changes in operating working capital accounts:
Accounts receivable, net $ (813) $ 190 $ 222
Inventories (53) (21) 111
Accounts payable 1,283 844 826
Accrued and other liabilities 867 585 (210)
Other, net (412) (388) (123)
$ 872 $ 1,210 $ 826
Income taxes paid $ 699 $ 607 $ 120
Interest paid $ 30 $ 20 $ 31
NOTE 10 — Unaudited Quarterly Results
The following tables contain selected unaudited consolidated statements of income and stock sales price data for each quarter of fiscal 2004 and 2003:
Fiscal Year 2004
4th 3rd 2nd 1st
Quarter Quarter Quarter Quarter
(in millions, except per share data)
Net revenue $ 11,512 $ 10,622 $ 9,778 $ 9,532
Gross margin $ 2,091 $ 1,935 $ 1,778 $ 1,748
Net income $ 749 $ 677 $ 621 $ 598
Earnings per common share(a):
Basic $ 0.29 $ 0.26 $ 0.24 $ 0.23
Diluted $ 0.29 $ 0.26 $ 0.24 $ 0.23
Weighted average shares outstanding:
Basic 2,557 2,563 2,567 2,572
Diluted 2,616 2,623 2,624 2,614
Stock sales prices per share:
High $ 36.52 $ 36.98 $ 34.00 $ 29.89
Low $ 32.65 $ 30.94 $ 29.49 $ 22.86
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