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Table of Contents
EMC CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
R. Selected Quarterly Financial Data (unaudited)
Quarterly financial data for 2005 and 2004 is as follows (tables in thousands, except per share amounts):
2005
Q1 2005
Q2 2005
Q3 2005
Q4 2005
Revenues $ 2,243,131 $ 2,344,815 $ 2,365,742 $ 2,710,267
Gross profit 1,174,221 1,256,642 1,277,617 1,484,339
Net income 269,834 293,364 421,672 148,295
Net income per share, diluted $ 0.11 $ 0.12 $ 0.17 $ 0.06
2004
Q1 2004
Q2 2004
Q3 2004
Q4 2004
Revenues $ 1,871,629 $ 1,971,184 $ 2,028,879 $ 2,357,796
Gross profit 937,669 997,925 1,043,201 1,235,812
Net income 139,805 192,804 218,035 320,545
Net income per share, diluted $ 0.06 $ 0.08 $ 0.09 $ 0.13
Quarterly financial data for the fourth quarter of 2005 includes an after-tax restructuring and other special charge which reduced net income by $80.0 or
$0.03 per diluted share and a $180.2 million income tax charge to repatriate income abroad which reduced net income by $180.2 million or $0.08 per diluted
share.
Quarterly financial data for the third quarter of 2005 includes an income tax adjustment decreasing income tax expense resulting from the favorable
resolution of certain income tax audits and expiration of statutes of limitations which increased net income by $105.7 million or $0.04 per diluted share.
Quarterly financial data for the fourth quarter of 2004 includes an after-tax restructuring and other special charge which reduced net income by $20.7
million or $0.01 per diluted share and an income tax expense adjustment decreasing income tax expense which increased net income by $32.2 million or
$0.01 per diluted share.
Quarterly financial data for the first quarter of 2004 includes an after-tax restructuring and other special charge which reduced net income by $24.7
million or $0.01 per diluted share.
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