Qualcomm 2011 Annual Report Download - page 102

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QUALCOMM Incorporated
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Note 13. Summarized Quarterly Data (Unaudited)
The following financial information reflects all normal recurring adjustments that are, in the opinion of management, necessary for a fair
statement of the results of the interim periods.
The table below presents quarterly data for fiscal 2011 and 2010 (in millions, except per share data):
*As adjusted for discontinued operations (Note 11)
(1) Revenues, operating income, income from continuing operations, discontinued operations, net of tax, and net income attributable to
Qualcomm are rounded to millions each quarter. Therefore, the sum of the quarterly amounts may not equal the annual amounts reported.
(2) Earnings per share attributable to Qualcomm are computed independently for each quarter and the full year based upon respective average
shares outstanding. Therefore, the sum of the quarterly earnings per share amounts may not equal the annual amounts reported.
1st Quarter*
2nd Quarter*
3rd Quarter
4th Quarter
2011
Revenues (1)
$
3,348
$
3,870
$
3,623
$
4,117
Operating income (1)
1,247
1,430
1,113
1,238
Income from continuing operations (1)
1,252
1,264
985
1,055
Discontinued operations, net of tax (1)
(82
)
(269
)
44
(6
)
Net income attributable to Qualcomm (1)
1,170
999
1,035
1,056
Basic earnings (loss) per share attributable to Qualcomm (2) :
Continuing operations
$
0.77
$
0.76
$
0.59
$
0.63
Discontinued Operations
$
(0.05
)
$
(0.16
)
$
0.03
$
0.00
Net income
$
0.72
$
0.60
$
0.62
$
0.63
Diluted earnings (loss) per share attributable to Qualcomm (2) :
Continuing operations
$
0.76
$
0.75
$
0.58
$
0.62
Discontinued Operations
$
(0.05
)
$
(0.16
)
$
0.03
$
0.00
Net income
$
0.71
$
0.59
$
0.61
$
0.62
2010*
Revenues (1)
$
2,668
$
2,661
$
2,700
$
2,952
Operating income (1)
980
896
893
958
Income from continuing operations (1)
898
852
832
938
Discontinued operations, net of tax (1)
(57
)
(78
)
(65
)
(73
)
Net income attributable to Qualcomm (1)
841
774
767
865
Basic earnings (loss) per share attributable to Qualcomm (2) :
Continuing operations
$
0.53
$
0.52
$
0.51
$
0.59
Discontinued operations
$
(0.03
)
$
(0.05
)
$
(0.04
)
$
(0.05
)
Net income
$
0.50
$
0.47
$
0.47
$
0.54
Diluted earnings (loss) per share attributable to Qualcomm (2) :
Continuing operations
$
0.53
$
0.51
$
0.51
$
0.58
Discontinued operations
$
(0.03
)
$
(0.05
)
$
(0.04
)
$
(0.05
)
Net income
$
0.50
$
0.46
$
0.47
$
0.53