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CONSOLIDATED INCOME STATEMENTS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Product sales $ 3,225 $ 3,319 $ 6,130 $ 6,327
Services 2,772 2,561 5,480 5,032
Total consolidated revenues 5,997 5,880 11,610 11,359
Costs and expenses:        
Cost of product sales 1,433 1,372 2,762 2,668
Cost of services 977 854 1,922 1,690
Research and development 782 740 1,570 1,472
Selling, general and administrative 2,102 2,010 4,139 3,861
Restructuring and acquisition-related charges 23 30 158 149
Operating income 680 874 1,059 1,519
Non-operating income (expense):        
Investment income 26 35 51 71
Interest expense (41) (34) (81) (68)
Other income (expense), net 24 (66) 34 (142)
Total non-operating income (expense) 9 (65) 4 (139)
Income before provision for income taxes 689 809 1,063 1,380
Income tax provision 170 187 252 326
Net income 519 622 811 1,054
Less: Net income attributable to the non-controlling interest in VMware, Inc. (32) (33) (72) (74)
Net income attributable to EMC Corporation $ 487 $ 589 $ 739 $ 980
Net income per weighted average share, basic attributable to EMC Corporation common shareholders $ 0.25 $ 0.29 $ 0.38 $ 0.48
Net income per weighted average share, diluted attributable to EMC Corporation common shareholders $ 0.25 $ 0.28 $ 0.37 $ 0.47
Weighted average shares, basic 1,927 2,037 1,950 2,033
Weighted average shares, diluted 1,947 2,064 1,971 2,070
Cash dividends declared per common share (in usd per share) $ 0.12 $ 0.12 $ 0.23 $ 0.22