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Table of Contents
ITEM 6. SELECTED FINANCIAL DATA
The following selected consolidated financial data set forth below is not necessarily indicative of results of future operations, and should be
read in conjunction with "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" and the
Consolidated Financial Statements and related notes thereto included in "Item 8. Financial Statements and Supplementary Data" of this Annual
Report on Form 10-K, which are incorporated herein by reference, to fully understand factors that may affect the comparability of the
information presented below.
The Consolidated Statements of Operations data for the fiscal years ended June 27, 2014, June 28, 2013 and June 29, 2012, and the
Consolidated Balance Sheet data as of June 27, 2014 and June 28, 2013, are derived from our audited Consolidated Financial Statements
appearing elsewhere in this Annual Report on Form 10-K. The Consolidated Statements of Operations data for the fiscal years ended July 1,
2011 and July 2, 2010, and the Consolidated Balance Sheet data at June 29, 2012, July 1, 2011 and July 2, 2010, are derived from our audited
Consolidated Financial Statements that are not included in this Annual Report on Form 10-K.
Supplementary Financial Data (Unaudited)
Quarterly Data
The Company operated and reported financial results based on 13-week quarters in fiscal years 2014 and 2013, which ended on the Friday
closest to September 30, December 31, March 31, and June 30.
41
Fiscal Years Ended
(Dollars in millions, except per share data)
June 27,
2014
June 28,
2013
June 29,
2012
July 1,
2011
July 2,
2010
Revenue
$
13,724
$
14,351
$
14,939
$
10,971
$
11,395
Gross margin
3,846
3,940
4,684
2,146
3,204
Income from operations
1,776
2,091
3,108
806
1,740
Net income
1,570
1,838
2,862
511
1,609
Total assets
9,492
9,243
10,106
9,225
8,247
Total debt
3,920
2,777
2,863
3,512
2,502
Equity
$
2,832
$
3,506
$
3,497
$
2,463
$
2,724
Net income per share:
Basic
$
4.66
$
4.97
$
6.72
$
1.13
$
3.28
Diluted
4.52
4.81
6.49
1.09
3.14
Number of shares used in per share
computations:
Basic
337
370
426
451
491
Diluted
347
382
441
467
514
Cash dividends declared per share
$
1.67
$
1.40
$
0.86
$
0.18
$
—
Fiscal Year 2014 Quarters Ended
(In millions, except per share data)
June 27,
2014
March 28,
2014
December 27,
2013
September 27,
2013
Revenue
$
3,301
$
3,406
$
3,528
$
3,489
Gross margin
925
959
987
975
Income from operations
410
444
444
478
Net income
320
395
428
427
Net income per share:
Basic
$
0.98
$
1.21
$
1.27
$
1.20
Diluted
0.95
1.17
1.24
1.16