IBM 2008 Annual Report Download - page 123
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Selected Quarterly Data
INTERNATIONAL BUSINESS MACHINES CORPORATION and Subsidiary Companies
($ )
First Second Third Fourth Full
2008: Quarter Quarter Quarter Quarter Year
Revenue $24,502 $26,820 $25,302 $27,006 $103,630
Gross profit $10,166 $11,599 $10,959 $12,936 $ 45,661
Income from continuing operations $ 2,319 $ 2,765 $ 2,824 $ 4,427 $ 12,334
Income/(loss) from discontinued operations — — — — —
Net income $ 2,319 $ 2,765 $ 2,824 $ 4,427 $ 12,334*
Earnings per share of common stock:
Assuming dilution:
Continuing operations $ 1.65 $ 1.98 $ 2.05 $ 3.28 $ 8.93*
Discontinued operations — — — — —
Total $ 1.65 $ 1.98 $ 2.05 $ 3.28 $ 8.93*
Basic:
Continuing operations $ 1.68 $ 2.02 $ 2.09 $ 3.31 $ 9.07*
Discontinued operations — — — — —
Total $ 1.68 $ 2.02 $ 2.09 $ 3.31 $ 9.07*
Dividends per share of common stock $ 0.40 $ 0.50 $ 0.50 $ 0.50 $ 1.90
Stock prices:**
High $119.78 $129.99 $130.92 $116.80
Low 97.04 113.86 109.95 69.50
First Second Third Fourth Full
2007: Quarter Quarter Quarter Quarter Year
Revenue $22,029 $23,772 $24,119 $28,866 $98,786
Gross profit $ 8,866 $ 9,938 $ 9,956 $12,970 $41,729
Income from continuing operations $ 1,844 $ 2,261 $ 2,362 $ 3,951 $10,418
Income/(loss) from discontinued operations — (1) (1) 1 (00)
Net income $ 1,844 $ 2,260 $ 2,361 $ 3,952 $10,418*
Earnings/(loss) per share of common stock:
Assuming dilution:
Continuing operations $ 1.21 $ 1.55 $ 1.68 $ 2.80 $ 7.18*
Discontinued operations — (0.00) (0.00) 0.00 (0.00)
Total $ 1.21 $ 1.55 $ 1.68 $ 2.80 $ 7.18*
Basic:
Continuing operations $ 1.23 $ 1.57 $ 1.72 $ 2.85 $ 7.32*
Discontinued operations — (0.00) (0.00) 0.00 (0.00)
Total $ 1.23 $ 1.57 $ 1.72 $ 2.86 $ 7.32*
Dividends per share of common stock $ 0.30 $ 0.40 $ 0.40 $ 0.40 $ 1.50
Stock prices:**
High $100.90 $108.04 $118.89 $121.45
Low 88.77 93.92 104.58 99.27
* 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.
** 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.