Medtronic 2007 Annual Report Download - page 77
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Fiscal Year
2007
Cost of sales $ 19
Research and development expense 39
Selling, general and administrative expense 127
$ 185
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Fiscal Year
2006 2005
Net earnings, as reported $ 2,547 $ 1,804
Add: Stock-based compensation expense included in
net earnings& 16 12
Less: Stock-based compensation expense determined
under fair value based method for all awards& (142) (224)
Pro forma net earnings $ 2,421 $ 1,592
Basic earnings per share:
As reported $ 2.11 $ 1.49
Pro forma $ 2.01 $ 1.32
Diluted earnings per share:
As reported $ 2.09 $ 1.48
Pro forma $ 1.98 $ 1.31
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Fiscal Year
2007 2006 2005
Options
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Wtd. Avg.
Exercise Price
Options
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Wtd. Avg.
Exercise Price
Options
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Wtd. Avg.
Exercise Price
Beginning balance
88,838
$ 46.23 87,655 $ 43.65
83,240
$ 41.18
Granted
10,529
48.64 13,740 56.16
15,884
50.02
Exercised (6,089) 37.37
(10,617
) 37.53 (9,107) 31.19
Canceled (2,372) 50.22 (1,940) 47.59 (2,362) 47.08
Outstanding at year-end
90,906
$ 46.99 88,838 $ 46.23
87,655
$ 43.65
Exercisable at year-end
67,017
$ 45.47 63,123 $ 44.13
62,948
$ 42.63
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