Qualcomm 2014 Annual Report Download - page 89

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QUALCOMM Incorporated
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Note 15. 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 2014 and 2013 (in millions, except per share data):
F- 33
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
2014 (1)
Revenues
$
6,622
$
6,367
$
6,806
$
6,692
Operating income
1,493
1,990
2,075
1,992
Income from continuing operations
1,444
1,958
2,237
1,893
Discontinued operations, net of tax
430
—
—
—
Net income
1,874
1,958
2,237
1,893
Net income attributable to Qualcomm
1,875
1,959
2,238
1,894
Basic earnings per share attributable to Qualcomm (2):
Continuing operations
$
0.86
$
1.16
$
1.33
$
1.13
Discontinued operations
0.25
—
—
—
Net income
1.11
1.16
1.33
1.13
Diluted earnings per share attributable to Qualcomm (2):
Continuing operations
$
0.84
$
1.14
$
1.31
$
1.11
Discontinued operations
0.25
—
—
—
Net income
1.09
1.14
1.31
1.11
2013 (1)
Revenues
$
6,018
$
6,124
$
6,243
$
6,480
Operating income
2,088
1,877
1,677
1,588
Net income
1,903
1,863
1,578
1,501
Net income attributable to Qualcomm
1,906
1,866
1,580
1,501
Basic earnings per share attributable to Qualcomm (2):
$
1.12
$
1.08
$
0.91
$
0.88
Diluted earnings per share attributable to Qualcomm (2):
$
1.09
$
1.06
$
0.90
$
0.86
(1)
Amounts, other than per share amounts, 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.