filings.toolsItem 8. Financial Statements and Supplementary Data
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Item 8. Financial Statements and Supplementary Data
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 (Unaudited)
| Fiscal 2017 | Fiscal 2016 | ||||||||||||||||||||||||||||||
| (In millions, except per share data) | Fourth Quarter | Third Quarter | Second Quarter | First Quarter | Fourth Quarter | Third Quarter | Second Quarter | First Quarter | |||||||||||||||||||||||
| Net revenues | $ | 1,115 | $ | 1,041 | $ | 979 | $ | 884 | $ | 873 | $ | 909 | $ | 906 | $ | 912 | |||||||||||||||
| Gross profit | 856 | 806 | 769 | 735 | 726 | 759 | 746 | 754 | |||||||||||||||||||||||
| Operating income (loss) | (178 | ) | (16 | ) | (12 | ) | 106 | 128 | 146 | 100 | 83 | ||||||||||||||||||||
| Income (loss) from continuing operations | (177 | ) | (56 | ) | (69 | ) | 66 | (1,013 | ) | 114 | 53 | 25 | |||||||||||||||||||
| Income (loss) from discontinued operations, net of income taxes | 34 | 102 | (75 | ) | 69 | 3,058 | 56 | 103 | 92 | ||||||||||||||||||||||
| Net income (loss) | (143 | ) | 46 | (144 | ) | 135 | 2,045 | 170 | 156 | 117 | |||||||||||||||||||||
| Income (loss) per share - basic: | |||||||||||||||||||||||||||||||
| Continuing operations | $ | (0.29 | ) | $ | (0.09 | ) | $ | (0.11 | ) | $ | 0.11 | $ | (1.56 | ) | $ | 0.17 | $ | 0.08 | $ | 0.04 | |||||||||||
| Discontinued operations | $ | 0.06 | $ | 0.16 | $ | (0.12 | ) | $ | 0.11 | $ | 4.70 | $ | 0.08 | $ | 0.15 | $ | 0.13 | ||||||||||||||
| Net income (loss) per share - basic | $ | (0.23 | ) | $ | 0.07 | $ | (0.23 | ) | $ | 0.22 | $ | 3.15 | $ | 0.26 | $ | 0.23 | $ | 0.17 | |||||||||||||
| Income (loss) per share - diluted: | |||||||||||||||||||||||||||||||
| Continuing operations | $ | (0.29 | ) | $ | (0.09 | ) | $ | (0.11 | ) | $ | 0.11 | $ | (1.56 | ) | $ | 0.17 | $ | 0.08 | $ | 0.04 | |||||||||||
| Discontinued operations | $ | 0.06 | $ | 0.16 | $ | (0.12 | ) | $ | 0.11 | $ | 4.70 | $ | 0.08 | $ | 0.15 | $ | 0.13 | ||||||||||||||
| Net income (loss) per share - diluted | $ | (0.23 | ) | $ | 0.07 | $ | (0.23 | ) | $ | 0.22 | $ | 3.15 | $ | 0.25 | $ | 0.23 | $ | 0.17 |
Note: Net income (loss) per share amounts may not add due to rounding.
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