Annual Report 2000

Financial Review - Selected Financial Data


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Selected Financial Data



* Reflects the two-for-one stock split effective March 2000.

(1) All historical financial information has been restated to reflect the acquisitions that were accounted for as poolings of interests (see Note 3 to the Consolidated Financial Statements).

(2) Net income and net income per common share include in-process research and development expenses of $1.37 billion, amortization of goodwill and purchased intangible assets of $291 million, acquisition-related costs of $62 million, payroll tax on stock option exercises of $51 million, and net gains realized on minority investments of $531 million. Pro forma net income and diluted net income per common share, excluding these items net of tax of $0, were $3.91 billion and $0.53, respectively.

(3) Net income and net income per common share include in-process research and development expenses of $471 million, amortization of goodwill and purchased intangible assets of $61 million, and acquisition-related costs of $16 million. Pro forma net income and diluted net income per common share, excluding these items net of tax benefits of $54 million, were $2.52 billion and $0.36, respectively.

(4) Net income and net income per common share include in-process research and development expenses of $594 million, amortization of goodwill and purchased intangible assets of $23 million, and net gains realized on minority investments of $5 million. Pro forma net income and diluted net income per common share, excluding these items net of tax benefits of $67 million, were $1.88 billion and $0.28, respectively.

(5) Net income and net income per common share include in-process research and development expenses of $508 million, amortization of goodwill and purchased intangible assets of $11 million, and net gains realized on minority investments of $152 million. Pro forma net income and diluted net income per common share, excluding these items net of tax benefits of $7 million, were $1.42 billion and $0.23, respectively.

(6) Net income and net income per common share include amortization of goodwill and purchased intangible assets of $14 million. Pro forma net income and diluted net income per common share, excluding this item net of a tax benefit of $2 million, were $927 million and $0.15, respectively.

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