General Dynamics 2010 Annual Report Download - page 86

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SUPPLEMENTARYDATA
(UNAUDITED)
ITEM 9. CHANGES IN ANDDISAGREEMENTSWITHACCOUNTANTSONACCOUNTINGAND
FINANCIALDISCLOSURE
None.
ITEM 9A.CONTROLS ANDPROCEDURES
EVALUATIONOFDISCLOSURE CONTROLSAND PROCEDURES
Thecompany’smanagement, underthesupervision and withtheparticipationoftheChiefExecutiveOfficer and theChief Financial Officer,evaluated
theeffectiveness ofthecompany’sdisclosurecontrolsand procedures (asdefinedinRule13a-15(e) and Rule15d-15(e) undertheSecurities Exchange
Actof1934,asamended)asofDecember31,2010. Basedonthisevaluation,theChiefExecutiveOfficer and Chief Financial Officerconcludedthat,
asofDecember31,2010, thecompany’sdisclosurecontrolsand procedures wereeffective.
Thecertificationsofthecompany’sChiefExecutiveOfficerandChief Financial OfficerrequiredunderSection302 oftheSarbanes-OxleyActhavebeen
filedasExhibits 31.1and31.2 to thisreport.
General Dynamics Annual Report • 201066
2009 2010
1Q 2Q3Q4Q 1Q 2Q3Q4Q
Revenues $8,264$8,100 $7,719$7,898 $7,750 $8,104$8,011 $ 8,601
Operating earnings 905 945874 951918 985 966 1,076
Earningsfromcontinuing operations 593 621575618 599 651649729
Discontinuedoperations (3) (3) (3) (4) (2) (3) 1–
Net earnings 590 618572614 597648 650 729
Earningspershare-Basic*:
Continuing operations$1.54$1.61$1.49$1.60 $1.56 $1.70$1.71 $ 1.94
Discontinuedoperations (0.01) (0.01)(0.01)(0.01) (0.01) (0.01)––
Net earnings1.53 1.60 1.481.59 1.55 1.69 1.71 1.94
Earningspershare-Diluted*:
Continuing operations$1.54$1.61$1.48$1.58 $1.54$1.68 $1.70$1.91
Discontinuedoperations (0.01) (0.01)(0.01) (0.01) (0.01) (0.01)––
Net earnings1.53 1.60 1.47 1.571.53 1.671.701.91
Market pricerange:
High $ 61.46$61.12$65.32 $70.84$78.62 $79.00 $64.60 $71.44
Low 35.28 42.30 49.85 62.19 65.30 57.68 55.4661.51
Dividendsdeclared$0.38 $0.38 $0.38 $0.38 $0.42$0.42$0.42$0.42
(Quarterly dataarebasedona13-weekperiod.Because our fiscal year endsonDecember31,thenumberofdaysin our first and fourth quartersvaries slightly fromyear to year.)
*Thesum ofthebasic and dilutedearningspershareforthefour quartersoftheyear may differfromtheannual basic and dilutedearningspershareduetotherequiredmethodof
computing theweightedaveragenumberofshares in interim periods.
(Dollarsin millions, exceptper-shareamounts)