Raytheon 2009 Annual Report Download - page 126

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
Note 17: Quarterly Operating Results (Unaudited)
(In millions, except per share amounts, stock prices and workdays)
2009(1) First Second Third Fourth
Total net sales $5,884 $6,125 $6,205 $6,667
Gross margin 1,187 1,286 1,311 1,350
Income from continuing operations 457 504 499 517
Net income attributable to Raytheon Company 452 489 490 504
Earnings per share from continuing operations attributable to Raytheon Company
common stockholders(2)
Basic $ 1.12 $ 1.25 $ 1.27 $ 1.32
Diluted 1.11 1.24 1.25 1.30
Earnings per share attributable to Raytheon Company common stockholders(2)
Basic 1.13 1.24 1.26 1.32
Diluted 1.12 1.23 1.25 1.30
Cash dividends per share
Declared 0.31 0.31 0.31 0.31
Paid 0.28 0.31 0.31 0.31
Common stock prices
High $53.00 $48.34 $48.64 $53.84
Low 33.20 38.00 41.90 45.02
Workdays(3) 61 64 63 61
2008(1) First Second Third Fourth
Total net sales $5,354 $5,870 $5,864 $6,086
Gross margin 1,096 1,206 1,200 1,183
Income from continuing operations 401 432 437 428
Net income attributable to Raytheon Company 398 426 427 421
Earnings per share from continuing operations attributable to Raytheon Company
common stockholders(2)
Basic $ 0.94 $ 1.02 $ 1.03 $ 1.03
Diluted 0.92 0.99 1.01 1.01
Earnings per share attributable to Raytheon Company common stockholders(2)
Basic 0.94 1.02 1.03 1.03
Diluted 0.92 0.99 1.00 1.01
Cash dividends per share
Declared 0.28 0.28 0.28 0.28
Paid 0.255 0.28 0.28 0.28
Common stock prices
High $67.11 $66.63 $61.71 $54.00
Low 59.82 56.00 55.46 43.40
Workdays(3) 63 64 63 60
(1) All periods presented have been prepared to reflect the adoption in 2009 of the required new accounting standards related to the accounting and
disclosure of noncontrolling interests and the earnings per share (EPS) impact of instruments granted in share-based payment transactions.
(2) Earnings per share is computed independently for each of the quarters presented; therefore, the sum of the quarterly earnings per share may not
equal the total computed for each year.
(3) Number of workdays per our fiscal calendar, which excludes holidays and weekends.
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