Sunoco 2010 Annual Report Download - page 116

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Sunoco, Inc. and Subsidiaries
Quarterly Financial and Stock Market Information (Unaudited)
(Millions of Dollars, Except Per-Share Amounts and Common Stock Prices)
2010 2009
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Sales and other operating revenue
(including consumer excise taxes) . . . $8,166 $9,572 $9,319 $10,207 $5,945 $7,271 $8,389 $8,666
Gross profit* ....................... $194 $482 $257 $401 $303 $162 $169 $171
Income (loss) from continuing
operations ....................... $(15) $176 $172 $118 $41 $(38) $(287) $33
Net income (loss) ................... $(38)** $176*** $172†$118†† $51††† $(21)#$(286)## $56###
Net income (loss) attributable to
Sunoco, Inc. shareholders .......... $(63) $145 $65 $87 $12 $(55) $(312) $26
Earnings (loss) attributable to
Sunoco, Inc. shareholders per share
of common stock:
Basic:
Income (loss) from continuing
operations ................... $(.34) $1.20 $.54 $.72 $.05 $(.59) $(2.67) $.04
Net income (loss) ............... $(.53) $1.20 $.54 $.72 $.10 $(.47) $(2.67) $.22
Diluted:
Income (loss) from continuing
operations ................... $(.34) $1.20 $.54 $.72 $.05 $(.59) $(2.67) $.04
Net income (loss) ............... $(.53) $1.20 $.54 $.72 $.10 $(.47) $(2.67) $.22
Cash dividends per share of common
stock ........................... $.15 $.15 $.15 $.15 $.30 $.30 $.30 $.30
Common stock price@—high .......... $30.98 $36.48 $37.96 $41.23 $47.40 $32.74 $29.75 $34.49
—low .......... $24.64 $26.93 $32.00 $35.72 $25.79 $22.61 $21.45 $24.25
—end of period . . $29.71 $34.77 $36.50 $40.31 $26.48 $23.20 $28.45 $26.10
*Gross profit equals sales and other operating revenue less cost of products sold; operating expenses; depreciation, depletion and amortization; and
consumer excise, payroll and other applicable taxes.
**Includes a $27 million after-tax provision for asset write-downs and other matters, a $44 million net after-tax loss related to the divestment of the
discontinued polypropylene operations and a $9 million unfavorable adjustment related to income tax matters.
***Includes a $13 million after-tax provision for asset write-downs and other matters.
†Includes a $1 million after-tax gain related to asset write-downs and other matters and a $37 million after-tax gain attributable to Sunoco
shareholders from the remeasurement of its pre-acquisition equity interests to fair value.
††Includes a $26 million after-tax provision for asset write-downs and other matters and a $100 million after-tax gain from the liquidation of LIFO
inventories largely attributable to the permanent shutdown of the Eagle Point refinery.
†††Includes a $47 million after-tax provision for asset write-downs and other matters (including $3 and $4 million after tax attributable to the discontinued
Tulsa and polypropylene chemicals operations, respectively).
#Includes a $44 million after-tax provision for asset write-downs and other matters and a $20 million net after-tax gain related to the divestment of the
discontinued Tulsa operations.
##Includes a $304 million after-tax provision for asset write-downs and other matters and a $26 million after-tax gain on the divestment of the retail
heating oil and propane distribution business.
###Includes a $19 million after-tax provision for asset write-downs and other matters, a $21 million after-tax favorable adjustment to the gain related to
the divestment of the discontinued Tulsa operations and a $55 million after-tax gain from the liquidation of LIFO inventories in connection with the
permanent shutdown of the Eagle Point refinery.
@The Company’s common stock is principally traded on the New York Stock Exchange, Inc. under the symbol “SUN.” The Company had
approximately 19,000 holders of record of common stock as of January 31, 2011.
108