Tyson Foods 2012 Annual Report Download - page 75

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75
NOTE 20: QUARTERLY FINANCIAL DATA (UNAUDITED)
in millions, except per share data
First
Quarter Second
Quarter Third
Quarter Fourth
Quarter
2012
Sales $ 8,329 $ 8,268 $ 8,308 $ 8,373
Gross profit 493 535 562 570
Operating income 278 302 336 332
Net income 156 166 73 181
Net income attributable to Tyson 156 166 76 185
Net income per share attributable to Tyson:
Class A Basic $ 0.43 $ 0.47 $ 0.21 $ 0.53
Class B Basic $ 0.39 $ 0.42 $ 0.19 $ 0.48
Diluted $ 0.42 $ 0.44 $ 0.21 $ 0.51
2011
Sales $ 7,615 $ 8,000 $ 8,247 $ 8,404
Gross profit 744 533 531 391
Operating income 498 303 312 172
Net income 294 156 188 95
Net income attributable to Tyson 298 159 196 97
Net income per share attributable to Tyson:
Class A Basic $ 0.81 $ 0.43 $ 0.53 $ 0.27
Class B Basic $ 0.73 $ 0.39 $ 0.48 $ 0.24
Diluted $ 0.78 $ 0.42 $ 0.51 $ 0.26
Third quarter fiscal 2012 net income included a $167 million pretax charge related to the early extinguishment of debt. Fourth quarter
fiscal 2012 net income included a $15 million non-cash charge related to the impairment of non-core assets in China.
First quarter fiscal 2011 net income included $11 million gain related to a sale of interests in an equity method investment. Third
quarter fiscal 2011 net income included $21 million reduction to income tax expense related to a reversal of reserves for foreign
uncertain tax positions.