IBM 2012 Annual Report Download - page 141

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140140 Selected Quarterly Data
International Business Machines Corporation and Subsidiary Companies
($ in millions except per share amounts and stock prices)
2012
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Full
Ye a r
Revenue $24,673 $25,783 $24,747 $29,304 $104,507
Gross profit $11,118 $12,281 $11,732 $15,167 $ 50,298
Net income $ 3,066 $ 3,881 $ 3,824 $ 5,833 $ 16,604
Operating (non-GAAP) earnings* $ 3,265 $ 4,077 $ 4,155 $ 6,129 $ 17,627
Earnings per share of common stock
Assuming dilution $ 2.61 $ 3.34 $ 3.33 $ 5.13 $ 14.37**
Basic $ 2.65 $ 3.38 $ 3.36 $ 5.19 $ 14.53**
Diluted operating (non-GAAP)* $ 2.78 $ 3.51 $ 3.62 $ 5.39 $ 15.25**
Dividends per share of common stock $ 0.75 $ 0.85 $ 0.85 $ 0.85 $ 3.30
Stock prices+
High $209.12 $210.69 $208.32 $211.79
Low 177.34 187.00 181.85 184.78
($ in millions except per share amounts and stock prices)
2011
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Full
Ye a r
Revenue $24,607 $26,666 $26,157 $29,486 $106,916
Gross profit $10,858 $12,385 $12,173 $14,722 $ 50,138
Net income $ 2,863 $ 3,664 $ 3,839 $ 5,490 $ 15,855
Operating (non-GAAP) earnings* $ 2,990 $ 3,777 $ 3,954 $ 5,597 $ 16,318
Earnings per share of common stock
Assuming dilution $ 2.31 $ 3.00 $ 3.19 $ 4.62 $ 13.06**
Basic $ 2.34 $ 3.04 $ 3.23 $ 4.68 $ 13.25**
Diluted operating (non-GAAP)* $ 2.41 $ 3.09 $ 3.28 $ 4.71 $ 13.44**
Dividends per share of common stock $ 0.65 $ 0.75 $ 0.75 $ 0.75 $ 2.90
Stock prices+
High $166.05 $172.87 $185.21 $194.56
Low 147.05 162.33 157.54 173.29
* Refer to page 61 of the company’s first-quarter 2012 Form 10-Q filed on April 24, 2012, pages 75 and 76 of the company’s second-quarter 2012 Form 10-Q filed on July 31, 2012,
pages 75 and 76 of the company’s third-quarter 2012 Form 10-Q filed on October 30, 2012 and page 43 under the heading “GAAP Reconciliation,” for the reconciliation of non-
GAAP information for the quarterly periods of 2012 and 2011. Also see “GAAP Reconciliation,” on page 38 for the reconciliation of non-GAAP financial information for full-year
2012 and 2011.
** 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 periods presented.