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Table of Contents
The ratio of earnings to fixed charges for each of the five years in the period ended December 27, 2008 was as follows:
Fixed charges consist of interest expense, capitalized interest, and the estimated interest component of rent expense.
26
ITEM 6.
SELECTED FINANCIAL DATA
(In Millions, Except Per Share Amounts)
2008
2007
2006
2005
1
2004
1
Net revenue
$
37,586
$
38,334
$
35,382
$
38,826
$
34,209
Gross margin
$
20,844
$
19,904
$
18,218
$
23,049
$
19,746
Research and development
$
5,722
$
5,755
$
5,873
$
5,145
$
4,778
Operating income
$
8,954
$
8,216
$
5,652
$
12,090
$
10,130
Net income
$
5,292
$
6,976
$
5,044
$
8,664
$
7,516
Earnings per common share
Basic
$
0.93
$
1.20
$
0.87
$
1.42
$
1.17
Diluted
$
0.92
$
1.18
$
0.86
$
1.40
$
1.16
Weighted average diluted shares outstanding
5,748
5,936
5,880
6,178
6,494
Dividends per share
Declared
$
0.5475
$
0.45
$
0.40
$
0.32
$
0.16
Paid
$
0.5475
$
0.45
$
0.40
$
0.32
$
0.16
(Dollars in Millions)
Dec. 27, 2008
Dec. 29, 2007
Dec. 30, 2006
Dec. 31, 2005
Dec. 25, 2004
Property, plant and equipment, net
$
17,544
$
16,918
$
17,602
$
17,111
$
15,768
Total assets
$
50,715
$
55,651
$
48,368
$
48,314
$
48,143
Long
-
term debt
$
1,886
$
1,980
$
1,848
$
2,106
$
703
Stockholders
’
equity
$
39,088
$
42,762
$
36,752
$
36,182
$
38,579
Additions to property, plant and equipment
$
5,197
$
5,000
$
5,860
$
5,871
$
3,843
Employees (in thousands)
83.9
86.3
94.1
99.9
85.0
1
We started recognizing the provisions of SFAS No. 123(R) beginning in fiscal year 2006. See “Note 2: Accounting Policies”
and
“
Note 19: Employee Equity Incentive Plans
”
in Part II, Item 8 of this Form
-
K.
2008
2007
2006
2005
2004
51x
72x
50x
169x
107x