Item 8. Financial Statements and Supplementary Data

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Item 8. Financial Statements and Supplementary Data

The financial statements required by Item 8 are submitted as a separate section of this Annual Report on Form 10-K. See Part IV, Item 15, “Exhibits and Financial Statement Schedules.”

Summary Quarterly Data-Unaudited



	2019								2018
	4th		3rd		2nd		1st		4th		3rd		2nd		1st
	(In thousands, except per share amounts)
Revenue	$	599,555	$	579,603	$	580,419	$	576,742	$	569,850	$	532,468	$	518,391	$	517,313
Cost of revenue	73,328		60,975		61,469		70,585		76,124		60,454		58,960		63,209
Net income (1)	659,675		101,514		107,235		120,555		98,425		99,318		75,149		72,885
Net income per share –basic (1)	2.41		0.37		0.39		0.44		0.36		0.36		0.27		0.27
Net income per share –diluted (1)	2.36		0.36		0.38		0.43		0.35		0.35		0.27		0.26

(1) During the fourth quarter of fiscal 2019, we completed intercompany transfers of certain intangible property rights to our Irish subsidiary, which resulted in the establishment of a net deferred tax asset and the recognition of an income tax benefit of $575.6 million. For further discussion regarding the realignment of our international operating structure, see Note 6 in the notes to the consolidated financial statements.

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