filings.toolsItem 8. Financial Statements and Supplementary Data
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Item 8. Financial Statements and Supplementary Data
Annual financial statements
The Consolidated Financial Statements and related disclosures included in Part IV, Item 15 of this annual report are incorporated by reference into this Item 8.
Selected quarterly financial data
| Fiscal 2016 | Fiscal 2015 | ||||||||||||||||||||||||||||||
| Fourth Quarter | Third Quarter | Second Quarter | First Quarter | Fourth Quarter | Third Quarter | Second Quarter | First Quarter | ||||||||||||||||||||||||
| (In millions, except per share data) | |||||||||||||||||||||||||||||||
| Net revenues | $ | 873 | $ | 909 | $ | 906 | $ | 912 | $ | 899 | $ | 970 | $ | 1,001 | $ | 1,086 | |||||||||||||||
| Gross profit | 726 | 759 | 746 | 754 | 723 | 793 | 825 | 888 | |||||||||||||||||||||||
| Operating income | 128 | 146 | 100 | 83 | (49 | ) | 34 | 96 | 73 | ||||||||||||||||||||||
| Income (loss) from continuing operations | (1,013 | ) | 114 | 53 | 25 | 55 | (25 | ) | 32 | 47 | |||||||||||||||||||||
| Income from discontinued operations, net of income taxes | 3,058 | 56 | 103 | 92 | 121 | 247 | 212 | 189 | |||||||||||||||||||||||
| Net income | 2,045 | 170 | 156 | 117 | 176 | 222 | 244 | 236 | |||||||||||||||||||||||
| Income (loss) per share - basic: | |||||||||||||||||||||||||||||||
| Continuing operations | $ | (1.56 | ) | $ | 0.17 | $ | 0.08 | $ | 0.04 | $ | 0.08 | $ | (0.04 | ) | $ | 0.05 | $ | 0.07 | |||||||||||||
| Discontinued operations | $ | 4.70 | $ | 0.08 | $ | 0.15 | $ | 0.13 | $ | 0.18 | $ | 0.36 | $ | 0.31 | $ | 0.27 | |||||||||||||||
| Net income per share - basic | $ | 3.15 | $ | 0.26 | $ | 0.23 | $ | 0.17 | $ | 0.26 | $ | 0.32 | $ | 0.35 | $ | 0.34 | |||||||||||||||
| Income (loss) per share - diluted: | |||||||||||||||||||||||||||||||
| Continuing operations | $ | (1.56 | ) | $ | 0.17 | $ | 0.08 | $ | 0.04 | $ | 0.08 | $ | (0.04 | ) | $ | 0.05 | $ | 0.07 | |||||||||||||
| Discontinued operations | $ | 4.70 | $ | 0.08 | $ | 0.15 | $ | 0.13 | $ | 0.17 | $ | 0.36 | $ | 0.30 | $ | 0.27 | |||||||||||||||
| Net income per share - diluted | $ | 3.15 | $ | 0.25 | $ | 0.23 | $ | 0.17 | $ | 0.25 | $ | 0.32 | $ | 0.35 | $ | 0.34 |
Note: Net income per share amounts may not add due to rounding.
Previous: Item 7A. Quantitative and Qualitative Disclosures about Market Risk · Next: Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
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