IBM 2009 Annual Report Download - page 130

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Selected Quarterly Data
INTERNATIONAL BUSINESS MACHINES CORPORATION AND SUBSIDIARY COMPANIES
($ in millions except per share amounts and stock prices)
First Second Third Fourth Full
2009: Quarter Quarter Quarter Quarter Year
Revenue $21,711 $23,250 $23,566 $27,230 $ 95,758
Gross profit $ 9,431 $10,581 $10,627 $13,145 $ 43,785
Net income $ 2,295 $ 3,103 $ 3,214 $ 4,813 $ 13,425
Earnings per share of common stock:
Assuming dilution $ 1.70 $ 2.32 $ 2.40 $ 3.59 $ 10.01*
Basic $ 1.71 $ 2.34 $ 2.44 $ 3.65 $ 10.12*
Dividends per share of common stock $ 0.50 $ 0.55 $ 0.55 $ 0.55 $ 2.15
Stock prices:**
High $ 99.86 $110.62 $122.88 $132.85
Low 81.76 95.70 99.50 117.31
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
Net income $ 2,319 $ 2,765 $ 2,824 $ 4,427 $ 12,334
Earnings per share of common stock:
Assuming dilution $ 1.64+ $ 1.97+ $ 2.04+ $ 3.27+ $ 8.89+
Basic $ 1.67+ $ 2.01+ $ 2.08+ $ 3.29+ $ 9.02+
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
* 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 quarter’s 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.
+ Reflects the adoption of the FASB guidance in determining whether instruments granted in share-based payment transactions are participating securities. See note B,
“Accounting Changes,” on pages 79 to 82 for additional information.
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