Crucial 2011 Annual Report Download - page 86

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Quarterly Financial Information (Unaudited)
(in millions except per share amounts)
The results of operations for the third quarter of 2011 included a gain of $54 million in connection with the sale of the Japan Fab. In addition,
we recorded a tax provision of $74 million related to the gain on the sale and to write down certain deferred tax assets associated with the Japan
Fab.
The results of operations for the first, second and third quarters of 2011 included license revenue, net of tax,of $167 million , $33 million and
$30 million , respectively, for a life-of-patents license for existing patents and applications, and a 10-year term license for all other patents, from
Samsung Electronics, Ltd.
The results of operations in the first quarter of 2011 included a loss of $113 million for a debt restructure transaction.
The results of operations for the third quarter of 2010 included a gain of $437 million
for the acquisition of Numonyx. (See "Numonyx" note.)
83
2011
Fourth
Quarter
Third Quarter
Second
Quarter
First Quarter
Net sales
$
2,140
$
2,139
$
2,257
$
2,252
Gross margin
321
478
435
524
Operating income (loss)
(51
)
237
179
390
Net income (loss)
(134
)
77
75
172
Net income (loss) attributable to Micron
(135
)
75
72
155
Earnings (loss) per share:
Basic
$
(0.14
)
$
0.07
$
0.07
$
0.16
Diluted
(0.14
)
0.07
0.07
0.15
2010
Fourth
Quarter
Third Quarter
Second
Quarter
First Quarter
Net sales
$
2,493
$
2,288
$
1,961
$
1,740
Gross margin
781
848
642
443
Operating income
433
540
415
201
Net income
359
960
379
202
Net income attributable to Micron
342
939
365
204
Earnings per share:
Basic
$
0.35
$
1.06
$
0.43
$
0.24
Diluted
0.32
0.92
0.39
0.23