| QUARTERLY INFORMATION (UNAUDITED) |
NOTE 22 — QUARTERLY INFORMATION (UNAUDITED)
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(In millions, except per share amounts) |
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Quarter Ended |
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September 30 |
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December 31 |
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March 31 |
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June 30 |
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Total |
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Fiscal Year 2018 |
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Revenue |
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$ |
24,538 |
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$ |
28,918 |
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$ |
26,819 |
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$ |
30,085 |
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$ |
110,360 |
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Gross margin |
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16,260 |
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17,854 |
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17,550 |
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20,343 |
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72,007 |
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Operating income |
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7,708 |
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8,679 |
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8,292 |
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10,379 |
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35,058 |
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Net income (loss) (a) |
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6,576 |
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(6,302 |
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7,424 |
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8,873 |
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16,571 |
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Basic earnings (loss) per share |
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0.85 |
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(0.82 |
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0.96 |
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1.15 |
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2.15 |
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Diluted earnings (loss) per share (b) |
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0.84 |
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(0.82 |
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0.95 |
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1.14 |
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2.13 |
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Fiscal Year 2017 (c) |
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Revenue |
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$ |
21,928 |
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$ |
25,826 |
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$ |
23,212 |
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$ |
25,605 |
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$ |
96,571 |
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Gross margin |
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14,084 |
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15,925 |
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15,152 |
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17,149 |
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62,310 |
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Operating income |
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6,715 |
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7,905 |
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6,723 |
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7,682 |
(d) |
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29,025 |
(d) |
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Net income |
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5,667 |
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6,267 |
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5,486 |
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8,069 |
(d) |
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25,489 |
(d) |
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Basic earnings per share |
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0.73 |
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0.81 |
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0.71 |
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1.05 |
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3.29 |
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Diluted earnings per share |
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0.72 |
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0.80 |
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0.70 |
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1.03 |
(d) |
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3.25 |
(d) |
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(a) |
Reflects the net charge (benefit) related to the TCJA of $13.8 billion for the second quarter, $(104) million for the fourth quarter, and $13.7 billion for fiscal year 2018. |
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(b) |
Reflects the net charge (benefit) related to the TCJA, which decreased (increased) diluted EPS $1.78 for the second quarter, $(0.01) for the fourth quarter, and $1.75 for fiscal year 2018. |
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(c) |
On December 8, 2016, we acquired LinkedIn Corporation. LinkedIn has been included in our consolidated results of operations starting on the acquisition date. |
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(d) |
Includes $306 million of employee severance expenses primarily related to our sales and marketing restructuring plan, which decreased operating income, net income, and diluted EPS by $306 million, $243 million, and $0.04, respectively. |
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