Dell 2006 Annual Report Download - page 112
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Table of Contents
DELL INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
The following tables present the impact of the restatement adjustments described in Note 2 of Notes to Consolidated
Financial Statements on Dell's previously reported net earnings for the first quarter of Fiscal 2007 and for each quarter of
Fiscal 2006 and Fiscal 2005:
First
First Quarter of Fiscal 2007 (As Restated) Quarter
(In millions,
except per
share data)
Net income as reported $ 762
Revenue recognition:
Software sales (2)
Other revenue recognition (8)
Revenue recognition (10)
Warranty liabilities 33
Other reserves and accruals (3)
(Provision) benefit for income taxes (6)
Net impact of adjustments 14
Net income as restated $ 776
First Second Third Fourth
Fiscal 2006 (As Restated) Quarter Quarter Quarter Quarter
(In millions, except per share data)
Net income as reported $ 934 $ 1,020 $ 606 $ 1,012
Revenue recognition:
Software sales (3) (3) 3 (1)
Other revenue recognition (20) (3) 9 30
Revenue recognition (23) (6) 12 29
Warranty liabilities (14) (52) (14) 25
Other reserves and accruals (8) 11 41 33
(Provision) benefit for income taxes 19 9 (10) (22)
Net impact of adjustments (26) (38) 29 65
Net income as restated $ 908 $ 982 $ 635 $ 1,077
Stock Prices — The following table contains stock sales price data for each quarter of Fiscal 2007 and 2006:
First Second Third Fourth
Quarter Quarter Quarter Quarter
Price Per Share Price Per Share Price Per Share Price Per Share
High Low High Low High Low High Low
Fiscal 2007 $ 32.00 $ 25.32 $ 26.43 $ 19.91 $ 24.62 $ 20.99 $ 27.62 $ 23.52
Fiscal 2006 $ 41.76 $ 34.83 $ 41.54 $ 34.96 $ 40.84 $ 31.06 $ 32.89 $ 29.00
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