Selected Quarterly Financial Information (Unaudited)

12 Months Ended

Sep. 27, 2014

Selected Quarterly Financial Information (Unaudited)

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 2014 and 2013 (in millions, except per share amounts):


	Fourth Quarter		Third Quarter		Second Quarter		First Quarter
2014:
Net sales	$	42,123	$	37,432	$	45,646	$	57,594
Gross margin	$	16,009	$	14,735	$	17,947	$	21,846
Net income	$	8,467	$	7,748	$	10,223	$	13,072

Earnings per share ⁽¹⁾:
Basic	$	1.43	$	1.29	$	1.67	$	2.08
Diluted	$	1.42	$	1.28	$	1.66	$	2.07

2013:
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 ⁽¹⁾:
Basic	$	1.19	$	1.07	$	1.45	$	1.99
Diluted	$	1.18	$	1.07	$	1.44	$	1.97

⁽¹⁾

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.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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