Raytheon 2011 Annual Report Download - page 127

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
119
Note 17: Quarterly Operating Results (Unaudited)
(In millions, except per share amounts, stock prices and workdays)
2011
Total net sales
Gross margin
Income from continuing operations
Net income attributable to Raytheon Company
EPS from continuing operations attributable to Raytheon Company
common stockholders(1)
Basic
Diluted
EPS attributable to Raytheon Company common stockholders(1)
Basic
Diluted
Cash dividends per share
Declared
Paid
Common stock prices
High
Low
Workdays(2)
First(3)
$ 6,062
1,158
388
384
$ 1.07
1.06
1.07
1.06
0.430
0.375
$ 52.51
46.09
64
Second
$ 6,222
1,280
445
438
$ 1.23
1.23
1.23
1.23
0.430
0.430
$ 51.49
47.93
64
Third(5)
$ 6,132
1,306
509
501
$ 1.43
1.43
1.43
1.43
0.430
0.430
$ 49.63
38.83
63
Fourth
$ 6,441
1,416
555
543
$ 1.58
1.58
1.58
1.57
0.430
0.430
$ 49.07
39.50
57
2010
Total net sales
Gross margin
Income from continuing operations
Net income attributable to Raytheon Company
EPS from continuing operations attributable to Raytheon Company
common stockholders(1)
Basic
Diluted
EPS attributable to Raytheon Company common stockholders(1)
Basic
Diluted
Cash dividends per share
Declared
Paid
Common stock prices
High
Low
Workdays(2)
First
$ 6,053
1,269
461
445
$ 1.20
1.18
1.18
1.16
0.375
0.310
$ 57.29
50.73
60
Second(4)
$ 5,973
935
219
208
$ 0.56
0.56
0.55
0.55
0.375
0.375
$ 60.01
50.38
64
Third(6)
$ 6,272
1,297
649
728
$ 1.72
1.71
1.96
1.94
0.375
0.375
$ 50.59
43.21
63
Fourth(7)
$ 6,885
1,379
514
459
$ 1.38
1.37
1.26
1.25
0.375
0.375
$ 48.33
44.45
62
(1) EPS 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.
(2) Number of workdays per our fiscal calendar, which excludes holidays and weekends.
(3) During the first quarter 2011, RSL was notified by the U.K. Border Agency that it had given notice that it had presented a demand to draw on the
approximately $80 million of letters of credit provided by RSL. The impact of the adjustment reduced IIS operating income by $80 million.
(4) During the second quarter 2010, RSL was notified by the U.K. Border Agency that it had been terminated for default on a program. The impact of the