Ameriprise 2008 Annual Report Download - page 162

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28. Quarterly Financial Data (Unaudited)
2008 2007
12/31 9/30 6/30 3/31 12/31 9/30 6/30 3/31
(in millions, except per share data)
Net revenues(1) $ 1,350 $ 1,641 $ 1,979 $ 2,000 $ 2,260 $ 2,111 $ 2,153 $ 2,032
Separation costs(2) ————28606385
Pretax income (loss) (641) (162) 237 195 338 217 245 216
Net income (loss) $ (369) $ (70) $ 210 $ 191 $ 255 $ 198 $ 196 $ 165
Earnings (loss) per
basic common share $ (1.69) $ (0.32) $ 0.94 $ 0.84 $ 1.10 $ 0.84 $ 0.83 $ 0.69
Earnings (loss) per
diluted common
share $ (1.69)(3) $ (0.32)(3) $ 0.93 $ 0.82 $ 1.08 $ 0.83 $ 0.81 $ 0.68
Weighted average
common shares
outstanding:
Basic 218.5 219.1 223.2 228.4 231.4 235.4 237.4 240.7
Diluted 220.3 221.7 226.0 231.5 235.4 239.2 241.0 244.1
Cash dividends paid per
common share $ 0.17 $ 0.17 $ 0.15 $ 0.15 $ 0.15 $ 0.15 $ 0.15 $ 0.11
Common share price:
High $ 39.48 $ 49.76 $ 56.17 $ 57.55 $ 69.25 $ 68.00 $ 67.45 $ 63.08
Low $ 11.74 $ 32.03 $ 40.60 $ 45.65 $ 53.23 $ 51.31 $ 56.96 $ 53.01
(1) Certain prior year amounts have been reclassified to conform to the current year’s presentation. See Note 1 for a description of the
reclassifications. Revenues as previously reported were $2,086 million for the quarter ended March 31, 2008 and $2,319 million,
$2,170 million, $2,138 million and $2,027 million for the quarters ended December 31, 2007, September 30, 2007, June 30, 2007
and March 31, 2007, respectively.
(2) The Company incurred separation costs beginning with the quarterly period ended March 31, 2005, when the American Express Board
of Directors announced the Separation. The Company continued to incur separation costs in subsequent quarterly periods which reflect
the completion of the Distribution and the costs incurred by the Company to establish itself as an independent company. As of
December 31, 2007, all separation costs have been incurred.
(3) Diluted shares used in this calculation represent basic shares due to the net loss. Using actual diluted shares would result in
anti-dilution.
139