IBM 2010 Annual Report Download - page 134

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132
Selected Quarterly Data
International Business Machines Corporation and Subsidiary Companies
($ in millions except per share amounts and stock prices)
First Second Third Fourth Full
2010: Quarter Quarter Quarter Quarter Year
Revenue $22,857 $23,724 $24,271 $29,019 $99,870
Gross profit $ 9,976 $10,809 $11,001 $14,227 $46,014
Net income $ 2,601 $ 3,386 $ 3,589 $ 5,257 $14,833
Earnings per share of common stock:
Assuming dilution $ 1.97 $ 2.61 $ 2.82 $ 4.18 $ 11.52*
Basic $ 2.00 $ 2.65 $ 2.86 $ 4.24 $ 11.69*
Dividends per share of common stock $ 0.55 $ 0.65 $ 0.65 $ 0.65 $ 2.50
Stock prices:**
High $ 134.14 $132.68 $135.48 $146.92
Low 121.88 122.10 121.86 135.25
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
* 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.