IBM 2003 Annual Report Download - page 125

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selected quarterly data
(dollars in millions except per share amounts and stock prices)
FIRST SECOND THIRD FOURTH FULL
2003: QUARTER QUARTER QUARTER QUARTER YEAR
Revenue $«20,065 $«21,631 $«21,522 $«25,913 $«89,131
Gross profit 7,233 7,998 7,812 9,975 33,018
Income from continuing operations 1,387 1,725 1,785 2,716 7,613
Loss from discontinued operations 320— 730
Net income 1,384 1,705 1,785 2,709 7,583
Earnings/(loss) per share of common stock:
Assuming dilution:
Continuing operations 0.79 0.98 1.02 1.56 4.34 **
Discontinued operations —(0.01) — — (0.02) **
Total 0.79 0.97 1.02 1.55+4.32 **
Basic:
Continuing operations 0.80 1.00 1.04 1.59 4.42 **
Discontinued operations —(0.01) — — (0.02) **
Total 0.80 0.99 1.04 1.59 4.40 **
Dividends per share of common stock 0.15 0.16 0.16 0.16 0.63
Stock prices:++
High $«««88.95 $«««90.40 $«««93.47 $«««94.54
Low 73.17 78.12 78.73 87.53
FIRST SECOND THIRD FOURTH FULL
2002: QUARTER QUARTER QUARTER QUARTER YEAR
Revenue $«18,030 $«19,651 $«19,821 $«23,684 $«81,186
Gross profit 6,500 7,270 7,323 9,191 30,284
Income from continuing operations 1,284 445*1,694 1,911*5,334
Loss from discontinued operations 92 389 381 893 1,755
Net income 1,192 56 1,313 1,018 3,579
Earnings/(loss) per share of common stock:
Assuming dilution:
Continuing operations 0.73 0.25 0.99 1.11 3.07**
Discontinued operations (0.05) (0.22) (0.22) (0.52) (1.01)
Total 0.68 0.03 0.76+0.59 2.06
Basic:
Continuing operations 0.75 0.26 1.00 1.12 3.13
Discontinued operations (0.05) (0.23) (0.23) (0.53) (1.03) **
Total 0.69+0.03 0.78+0.60+2.10
Dividends per share of common stock 0.14 0.15 0.15 0.15 0.59
Stock prices:++
High $«126.39 $«104.00 $«««82.85 $«««89.46
Low 95.76 66.10 57.99 54.01
*The company executed special actions in the second and fourth quarter of 2002 recording charges of $1,727 million and $322 million, respectively. See note S, “2002 Actions,” on pages
105 through 107 for additional information regarding these actions.
** Earnings Per Share (EPS) in each quarter is computed using the weighted-average number of shares outstanding during that quarter while EPS for the full year is computed using
the weighted-average number of shares outstanding during the year. Thus, the sum of the four quarters’ EPS does not equal the full-year EPS.
+Does not total due to rounding.
++The stock prices reflect the high and low prices for IBM’s common stock on the New York Stock Exchange composite tape for the last two years.
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