Dell 2008 Annual Report Download - page 96

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Table of Contents
DELL INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
The table below provides a detailed presentation of investment and other income, net for Fiscal 2009, Fiscal 2008, and Fiscal 2007:
Fiscal Year Ended
January 30, February 1, February 2,
2009 2008 2007
(in millions)
Investment and other income, net:
Investment income, primarily interest $ 180 $ 496 $ 368
(Losses) gains on investments, net (10) 14 (5)
Interest expense (93) (45) (45)
CIT minority interest - (29) (23)
Foreign exchange 115 (30) (37)
Gain on sale of building - - 36
Other (58) (19) (19)
Investment and other income, net $ 134 $ 387 $ 275
NOTE 13 —UNAUDITED QUARTERLY RESULTS AND STOCK PRICES
Unaudited Quarterly Results — The following tables present selected unaudited Consolidated Statements of Income and stock sales price data for
each quarter of Fiscal 2009 and Fiscal 2008:
Fiscal Year 2009
First Second Third Fourth
Quarter Quarter Quarter Quarter
(in millions, except per share data)
Net revenue $ 16,077 $ 16,434 $ 15,162 $ 13,428
Gross margin $ 2,965 $ 2,827 $ 2,853 $ 2,312
Net income $ 784 $ 616 $ 727 $ 351
Earnings per common share:
Basic $ 0.39 $ 0.31 $ 0.37 $ 0.18
Diluted $ 0.38 $ 0.31 $ 0.37 $ 0.18
Weighted-average shares outstanding:
Basic 2,036 1,991 1,953 1,944
Diluted 2,040 1,999 1,957 1,948
Stock sales price per share:
High $ 21.18 $ 25.26 $ 26.04 $ 13.32
Low $ 18.13 $ 18.66 $ 10.59 $ 8.72
92