IBM 2013 Annual Report Download - page 149

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148 Selected Quarterly Data
International Business Machines Corporation and Subsidiary Companies
($ in millions except per share amounts and stock prices)
2013
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Full
Ye a r
Revenue $23,408 $24,924 $23,720 $27,699 $99,751
Gross profit $10,678 $12,132 $11,380 $14,315 $48,505
Net income $ 3,032 $ 3,226 $ 4,041 $ 6,185 $16,483
Operating (non-GAAP) earnings* $ 3,376 $ 3,579 $ 4,387 $ 6,617 $17,959
Earnings per share of common stock
Assuming dilution $ 2.70 $ 2.91 $ 3.68 $ 5.73 $ 14.94**
Basic $ 2.72 $ 2.93 $ 3.70 $ 5.77 $ 15.06**
Diluted operating (non-GAAP)* $ 3.00 $ 3.22 $ 3.99 $ 6.13 $ 16.28**
Dividends per share of common stock $ 0.85 $ 0.95 $ 0.95 $ 0.95 $ 3.70
Stock prices+
High $215.90 $214.89 $200.94 $187.79
Low 190.39 187.68 181.10 172.57
($ 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
* Refer to page 64 of the company’s first-quarter 2013 Form 10-Q filed on April 30, 2013, pages 80 and 81 of the company’s second-quarter 2013 Form 10-Q filed on July 30, 2013,
pages 81 and 82 of the company’s third-quarter 2013 Form 10-Q filed on October 29, 2013 and page 52 under the heading “GAAP Reconciliation,” for the reconciliation of non-
GAAP information for the quarterly periods of 2013 and 2012. Also see “GAAP Reconciliation,” on page 46 for the reconciliation of non-GAAP financial information for full-year
2013 and 2012.
** 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.