Dell 2006 Annual Report Download - page 31
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Table of Contents
Impact of Restatement Adjustments on Fiscal 2005 Quarterly Financial Data
The following tables present selected quarterly financial data for Fiscal 2005:
First Quarter Second Quarter
April 30, 2004 July 30, 2004
As As As As
Fiscal 2005 Reported Adjustments Restated Reported Adjustments Restated
(in millions, expect per share data)
Results of Operations:
Net revenue $ 11,540 $ 44 $ 11,584 $ 11,706 $ (56) $ 11,650
Gross margin $ 2,073 $ (14) $ 2,059 $ 2,134 $ 59 $ 2,193
Operating income $ 966 $ (34) $ 932 $ 1,006 $ 59 $ 1,065
Income before income taxes $ 1,015 $ (15) $ 1,000 $ 1,052 $ 54 $ 1,106
Net income $ 731 $ (10) $ 721 $ 799 $ 41 $ 840
Earnings per common share:
Basic $ 0.29 $ (0.01) $ 0.28 $ 0.32 $ 0.01 $ 0.33
Diluted $ 0.28 $ — $ 0.28 $ 0.31 $ 0.02 $ 0.33
Number of weighted-average shares outstanding:
Basic 2,539 — 2,539 2,518 — 2,518
Diluted 2,593 — 2,593 2,574 — 2,574
Cash Flow and Balance Sheet Data:
Net cash provided by operating activities(d) $ 1,002 $ 135 $ 1,137 $ 703 $ 62 $ 765
Cash, cash equivalents and investments $ 11,886 $ — $ 11,886 $ 11,810 $ — $ 11,810
Total assets $ 19,709 $ 10 $ 19,719 $ 19,932 $ 17 $ 19,949
Short-term borrowings(a) $ — $ 101 $ 101 $ — $ 80 $ 80
Long-term debt(b) $ 505 $ 126 $ 631 $ 505 $ 133 $ 638
Total stockholders' equity $ 6,105 $ (61) $ 6,044 $ 6,207 $ (20) $ 6,187
Third Quarter Fourth Quarter(c)
October 29, 2004 January 28, 2005
As As As As
Fiscal 2005 Reported Adjustments Restated Reported Adjustments Restated
(in millions, expect per share data)
Results of Operations:
Net revenue $ 12,502 $ 11 $ 12,513 $ 13,457 $ (83) $ 13,374
Gross margin $ 2,313 $ (11) $ 2,302 $ 2,495 $ (31) $ 2,464
Operating income $ 1,095 $ (20) $ 1,075 $ 1,187 $ (53) $ 1,134
Income before income taxes $ 1,143 $ (21) $ 1,122 $ 1,235 $ (60) $ 1,175
Net income $ 846 $ (14) $ 832 $ 667 $ (42) $ 625
Earnings per common share:
Basic $ 0.34 $ (0.01) $ 0.33 $ 0.27 $ (0.02) $ 0.25
Diluted $ 0.33 $ — $ 0.33 $ 0.26 $ (0.02) $ 0.24
Number of weighted-average shares outstanding:
Basic 2,493 — 2,493 2,485 — 2,485
Diluted 2,546 — 2,546 2,553 — 2,553
Cash Flow and Balance Sheet Data:
Net cash provided by operating activities(d) $ 1,787 $ 83 $ 1,870 $ 1,818 $ 231 $ 2,049
Cash, cash equivalents and investments $ 12,436 $ — $ 12,436 $ 14,101 $ — $ 14,101
Total assets $ 21,054 $ 73 $ 21,127 $ 23,215 $ 103 $ 23,318
Short-term borrowings(a) $ — $ 79 $ 79 $ — $ 74 $ 74
Long-term debt(b) $ 505 $ 154 $ 659 $ 505 $ 157 $ 662
Total stockholders' equity $ 5,880 $ (35) $ 5,845 $ 6,485 $ (73) $ 6,412
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