PACCAR 2012 Annual Report Download - page 89

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Quarter
(a)
first second third fourth
(millions except per share data)
2012
Truck, Parts and Other:
Net sales and revenues $4,514.7 $4,191.1 $3,546.7 $3,699.2
Cost of sales and revenues 3,919.9 3,632.5 3,108.5 3,247.4
Research and development 72.3 73.8 66.8 66.4
Financial Services:
Revenues 261.4 266.1 273.5 297.8
Interest and other borrowing expenses 39.7 38.1 40.6 40.0
Depreciation and other expense 118.8 121.5 127.2 149.9
Net Income 327.3 297.2 233.6 253.5
Net Income Per Share:
Basic $ .92 $ .83 $ .66 $ .72
Diluted .91 .83 .66 .72
2011
Truck, Parts and Other:
Net sales and revenues $3,042.6 $3,702.7 $3,993.0 $4,587.6
Cost of sales and revenues 2,632.3 3,231.1 3,484.0 3,994.4
Research and development 68.4 77.5 70.0 72.3
Financial Services:
Revenues 241.0 258.0 264.1 266.2
Interest and other borrowing expenses 46.5 46.1 44.6 44.1
Depreciation and other expense 110.5 119.4 123.0 123.3
Net Income 193.3 239.7 281.6 327.7
Net Income Per Share:
Basic $ .53 $ .66 $ .78 $ .91
Diluted .53 .65 .77 .91
(a) The fourth quarter 2012 includes the benefit of a $12.7 reduction in cost of sales related to the capitalization of
new product tooling that had been expensed in the first nine months of 2012. The positive effect on net income
for the fourth quarter was $9.0 ($.03 per share).
Q U A R T E R L Y R E S U L T S ( U N A U D I T E D )
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