Pizza Hut 2003 Annual Report Download - page 76

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74.
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
note
25
2003 First Quarter Second Quarter Third Quarter Fourth Quarter Total
Revenues:
Company sales $ 1,597 $ 1,723 $ 1,765 $ 2,356 $ 7,441
Franchise and license fees 205 213 224 297 939
Total revenues 1,802 1,936 1,989 2,653 8,380
Wrench litigation — 35 7 — 42
AmeriServe and other charges (credits) — 2 (3) (25) (26)
Total costs and expenses, net 1,585 1,716 1,720 2,300 7,321
Operating profit 217 220 269 353 1,059
Income before cumulative effect of accounting change 118 122 164 214 618
Cumulative effect of accounting change, net of tax (1) — — — (1)
Net income 117 122 164 214 617
Diluted earnings per common share 0.39 0.40 0.53 0.70 2.02
2002 First Quarter Second Quarter Third Quarter Fourth Quarter Total
Revenues:
Company sales $ 1,426 $ 1,571 $ 1,705 $ 2,189 $ 6,891
Franchise and license fees 188 196 210 272 866
Total revenues 1,614 1,767 1,915 2,461 7,757
AmeriServe and other charges (credits) (11) (9) (4) (3) (27)
Total costs and expenses, net 1,388 1,526 1,657 2,156 6,727
Operating profit 226 241 258 305 1,030
Net income 124 140 147 172 583
Diluted earnings per common share 0.40 0.45 0.47 0.56 1.88
See Note 24 for details of Wrench litigation and Note 7 for details of AmeriServe other charges (credits).