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Three years ended December 29, 2001
(In millions—except per share amounts) |
2001 |
|
2000 |
|
1999 |
|
|
| Net revenues |
$ |
26,539 |
|
$ |
33,726 |
|
$ |
29,389 |
| |
|
|
|
|
|
| Cost of sales |
|
13,487 |
|
|
12,650 |
|
|
11,836 |
 |
| Research and development |
|
3,796 |
|
|
3,897 |
|
|
3,111 |
 |
| Marketing, general and administrative |
|
4,464 |
|
|
5,089 |
|
|
3,872 |
 |
| Amortization of goodwill
and |
| other acquisition-related intangibles and
costs |
|
2,338 |
|
|
1,586 |
|
|
411 |
 |
| Purchased in-process
research |
| and development |
|
198 |
|
|
109 |
|
|
392 |
| |
|
|
|
|
|
| Operating costs and expenses |
|
24,283 |
|
|
23,331 |
|
|
19,622 |
| |
|
|
|
|
|
| Operating income |
|
2,256 |
|
|
10,395 |
|
|
9,767 |
 |
| Gains (losses) on equity securities, net |
|
(466) |
|
|
3,759 |
|
|
883 |
 |
| Interest and other, net |
|
393 |
|
|
987 |
|
|
578 |
| |
|
|
|
|
|
| Income before taxes |
|
2,183 |
|
|
15,141 |
|
|
11,228 |
| Provision for taxes |
|
892 |
|
|
4,606 |
|
|
3,914 |
| |
|
|
|
|
|
| Net income |
$ |
1,291 |
|
$ |
10,535 |
|
$ |
7,314 |
| |
|
|
|
|
|
| Basic earnings per common share |
$ |
0.19 |
|
$ |
1.57 |
|
$ |
1.10 |
| |
|
|
|
|
|
| Diluted earnings per common share |
$ |
0.19 |
|
$ |
1.51 |
|
$ |
1.05 |
| |
|
|
|
|
|
| |
| Weighted average common
shares |
| outstanding |
|
6,716 |
|
|
6,709 |
|
|
6,648 |
| |
|
|
|
|
|
| Weighted average common
shares |
| outstanding, assuming dilution |
|
6,879 |
|
|
6,986 |
|
|
6,940 |
| |
|
|
|
|
|
See accompanying notes.
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