FIN 4320 Capital Budgeting

DELL INC (DELL) INCOME STATEMENT
Fiscal year ends in January. USD in millions except per share data. 2009-01 2010-01 2011-01 2012-01 2013-01 TTM
Revenue 61,101.00 52,902.00 61,494.00 62,071.00 56,940.00 56,623.00
Cost of revenue 50,144.00 43,641.00 50,098.00 48,260.00 44,754.00 45,206.00
Gross profit 10,957.00 9,261.00 11,396.00 13,811.00 12,186.00 11,417.00
Operating expenses
Research and development 663.00 624.00 661.00 856.00 1,072.00 1,210.00
Sales, General and administrative 7,102.00 6,465.00 7,302.00 8,524.00 8,102.00 8,422.00
Other operating expenses 2.00
Total operating expenses 7,767.00 7,089.00 7,963.00 9,380.00 9,174.00 9,632.00
Operating income 3,190.00 2,172.00 3,433.00 4,431.00 3,012.00 1,785.00
Interest Expense 93.00 160.00 199.00 279.00 270.00 251.00
Other income (expense) 227.00 12.00 116.00 88.00 99.00 54.00
Income before taxes 3,324.00 2,024.00 3,350.00 4,240.00 2,841.00 1,588.00
Provision for income taxes 846.00 591.00 715.00 748.00 469.00 249.00
Net income from continuing operations 2,478.00 1,433.00 2,635.00 3,492.00 2,372.00 1,339.00
Net income 2,478.00 1,433.00 2,635.00 3,492.00 2,372.00 1,339.00
Net income available to common shareholders 2,478.00 1,433.00 2,635.00 3,492.00 2,372.00 1,339.00
Earnings per share
Basic 1.25 0.73 1.36 1.90 1.36 0.77
Diluted 1.25 0.73 1.35 1.88 1.35 0.76
Weighted average shares outstanding
Basic 1,980.00 1,954.00 1,944.00 1,838.00 1,745.00 1,744.00
Diluted 1,986.00 1,962.00 1,955.00 1,853.00 1,755.00 1,754.00
EBITDA 4,186.00 3,036.00 4,519.00 5,455.00 4,255.00 3,104.00