Note 12 – Selected Quarterly Financial Information (Unaudited)
The following tables show a summary of the Company’s quarterly financial information for each of the four quarters of 2013 and 2012 (in millions, except per share amounts):
| Fourth Quarter | Third Quarter | Second Quarter | First Quarter | |||||||||||||
|
2013 |
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|
Net sales |
$ | 37,472 | $ | 35,323 | $ | 43,603 | $ | 54,512 | ||||||||
|
Gross margin |
$ | 13,871 | $ | 13,024 | $ | 16,349 | $ | 21,060 | ||||||||
|
Net income |
$ | 7,512 | $ | 6,900 | $ | 9,547 | $ | 13,078 | ||||||||
|
Earnings per share (a): |
||||||||||||||||
|
Basic |
$ | 8.31 | $ | 7.51 | $ | 10.16 | $ | 13.93 | ||||||||
|
Diluted |
$ | 8.26 | $ | 7.47 | $ | 10.09 | $ | 13.81 | ||||||||
| Fourth Quarter | Third Quarter | Second Quarter | First Quarter | |||||||||||||
|
2012 |
||||||||||||||||
|
Net sales |
$ | 35,966 | $ | 35,023 | $ | 39,186 | $ | 46,333 | ||||||||
|
Gross margin |
$ | 14,401 | $ | 14,994 | $ | 18,564 | $ | 20,703 | ||||||||
|
Net income |
$ | 8,223 | $ | 8,824 | $ | 11,622 | $ | 13,064 | ||||||||
|
Earnings per share (a): |
||||||||||||||||
|
Basic |
$ | 8.76 | $ | 9.42 | $ | 12.45 | $ | 14.03 | ||||||||
|
Diluted |
$ | 8.67 | $ | 9.32 | $ | 12.30 | $ | 13.87 | ||||||||
| (a) |
Basic and diluted earnings per share are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share. |