Dow Chemical 2013 Annual Report Download - page 160
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138
The Dow Chemical Company and Subsidiaries
Selected Quarterly Financial Data
In millions, except per share amounts (Unaudited)
2013 1st 2nd 3rd 4th Year
Net sales $ 14,383 $ 14,577 $ 13,734 $ 14,386 $ 57,080
Cost of sales 11,707 12,103 11,716 12,068 47,594
Gross margin 2,676 2,474 2,018 2,318 9,486
Restructuring charges (credits) — — — (22) (22)
Net income available for common stockholders 550 2,340 594 963 4,447
Earnings per common share - basic (1) 0.46 1.96 0.50 0.80 3.72
Earnings per common share - diluted (1) (2) 0.46 1.87 0.49 0.79 3.68
Common stock dividends declared per share of
common stock 0.32 0.32 0.32 0.32 1.28
Market price range of common stock: (3)
High 34.83 36.00 41.08 44.99 44.99
Low 30.63 29.81 32.05 38.04 29.81
In millions, except per share amounts (Unaudited)
2012 1st 2nd 3rd 4th Year
Net sales $ 14,719 $ 14,513 $ 13,637 $ 13,917 $ 56,786
Cost of sales 12,285 12,200 11,368 11,939 47,792
Gross margin 2,434 2,313 2,269 1,978 8,994
Goodwill impairment loss — — — 220 220
Restructuring charges 357 — — 986 1,343
Net income (loss) available for common
stockholders 412 649 497 (716) 842
Earnings (loss) per common share - basic (1) 0.35 0.55 0.42 (0.61) 0.71
Earnings (loss) per common share - diluted (1) 0.35 0.55 0.42 (0.61) 0.70
Common stock dividends declared per share of
common stock 0.25 0.32 0.32 0.32 1.21
Market price range of common stock: (3)
High 36.00 36.08 32.48 32.95 36.08
Low 29.27 29.27 28.45 27.45 27.45
See Notes to the Consolidated Financial Statements.
(1) Due to an increase in the share count and the allocation of income to participating securities, the sum of the four quarters may not equal
the earnings per share amount calculated for the year.
(2) For the quarter ended June 30, 2013 and the year ended December 31, 2013, an assumed conversion of the Company's Cumulative
Convertible Perpetual Preferred Stock, Series A into shares of the Company's common stock was included in the calculation of earnings
per common share - diluted. See Note 13 for additional information.
(3) Composite price as reported by the New York Stock Exchange.