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AAPL » Topics » UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

This excerpt taken from the AAPL 8-K filed Jan 21, 2009.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In millions, except share amounts which are reflected in thousands and per share amounts)

 

     Three Months Ended
     December 27,
2008		    December 29,
2007

Net sales

    $ 10,167    $ 9,608

Cost of sales (1)

      6,635      6,276
             

Gross margin

      3,532      3,332
             

Operating expenses:

      

Research and development (1)

      315      246

Selling, general, and administrative (1)

     1,091      960
             

Total operating expenses

      1,406      1,206
             

Operating income

      2,126      2,126

Other income and expense

      158      200
             

Income before provision for income taxes

      2,284      2,326

Provision for income taxes

      679      745
             

Net income

    $ 1,605    $ 1,581
             

Earnings per common share:

      

Basic

    $ 1.81    $ 1.81

Diluted

    $ 1.78    $ 1.76

Shares used in computing earnings per share:

      

Basic

      889,142      875,860

Diluted

      901,494      900,054

(1)      Includes stock-based compensation expense as follows:

      

Cost of sales

    $ 28    $ 18

Research and development

    $ 60    $ 39

Selling, general, and administrative

    $ 82    $ 53

This excerpt taken from the AAPL 8-K filed Jan 22, 2008.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in millions, except share and per share amounts)

 

     Three Months Ended
    

December 29,

2007

   

December 30,

2006

Net sales

    $ 9,608    $ 7,115

Cost of sales (1)

      6,276      4,895
             

Gross margin

      3,332      2,220
             

Operating expenses:

      

Research and development (1)

      246      184

Selling, general and administrative (1)

     960      714
             

Total operating expenses

      1,206      898
             

Operating income

      2,126      1,322

Other income and expense

      200      126
             

Income before provision for income taxes

      2,326      1,448

Provision for income taxes

      745      444
             

Net income

    $ 1,581    $ 1,004
             

Earnings per common share:

      

Basic

    $ 1.81    $ 1.17

Diluted

    $ 1.76    $ 1.14

Shares used in computing earnings per share (in thousands):

      

Basic

      875,860      857,691

Diluted

      900,054      883,297

(1) Includes stock-based compensation expense as follows:

      

Cost of sales

    $ 18    $ 6

Research and development

    $ 39    $ 16

Selling, general and administrative

    $ 53    $ 24

EXCERPTS ON THIS PAGE:

8-K
Jan 21, 2009
8-K
Jan 22, 2008

RELATED TOPICS for AAPL:

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