CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (In Millions, Except Per Share Amounts) Revenues Cost of revenues Gross profit Three Months Ended $787.0 501.8 285.20 $672.1 425.5 246.60 Percent Change 17% 16.00 Research and development Selling, general and administrative Operating expenses 45.4 136.1 181.5 36.6 132.1 168.7 8 Operating income 103.7 77.9 33 Interest expense Other 2.2 1.0 2.0 1.5 Earnings before income taxes 100.5 74.4 35 Provision for income taxes Net earnings 32.7 $ 67.8 24.9 $ 49.5 37 Basic earnings per share $ 1.04 $ 0.73 43 Diluted earnings per share $ 0.96 $ 0.69 40 Shares used in per share calculation: Basic Diluted 65.3 70.5 68.1 72.2
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (In Millions, Except Per Share Amounts) Revenues Cost of revenues Gross profit Three Months Ended $787.0 501.8 285.20 $672.1 425.5 246.60 Percent Change 17% 16.00 Research and development Selling, general and administrative Operating expenses 45.4 136.1 181.5 36.6 132.1 168.7 8 Operating income 103.7 77.9 33 Interest expense Other 2.2 1.0 2.0 1.5 Earnings before income taxes 100.5 74.4 35 Provision for income taxes Net earnings 32.7 $ 67.8 24.9 $ 49.5 37 Basic earnings per share $ 1.04 $ 0.73 43 Diluted earnings per share $ 0.96 $ 0.69 40 Shares used in per share calculation: Basic Diluted 65.3 70.5 68.1 72.2
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (In Millions, Except Per Share Amounts) Revenues Cost of revenues Gross profit Three Months Ended $787.0 501.8 285.20 $672.1 425.5 246.60 Percent Change 17% 16.00 Research and development Selling, general and administrative Operating expenses 45.4 136.1 181.5 36.6 132.1 168.7 8 Operating income 103.7 77.9 33 Interest expense Other 2.2 1.0 2.0 1.5 Earnings before income taxes 100.5 74.4 35 Provision for income taxes Net earnings 32.7 $ 67.8 24.9 $ 49.5 37 Basic earnings per share $ 1.04 $ 0.73 43 Diluted earnings per share $ 0.96 $ 0.69 40 Shares used in per share calculation: Basic Diluted 65.3 70.5 68.1 72.2
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (In Millions, Except Per Share Amounts) Revenues Cost of revenues Gross profit Three Months Ended $787.0 501.8 285.20 $672.1 425.5 246.60 Percent Change 17% 16.00 Research and development Selling, general and administrative Operating expenses 45.4 136.1 181.5 36.6 132.1 168.7 8 Operating income 103.7 77.9 33 Interest expense Other 2.2 1.0 2.0 1.5 Earnings before income taxes 100.5 74.4 35 Provision for income taxes Net earnings 32.7 $ 67.8 24.9 $ 49.5 37 Basic earnings per share $ 1.04 $ 0.73 43 Diluted earnings per share $ 0.96 $ 0.69 40 Shares used in per share calculation: Basic Diluted 65.3 70.5 68.1 72.2
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (In Millions, Except Per Share Amounts) Revenues Cost of revenues Gross profit Three Months Ended $787.0 501.8 285.20 $672.1 425.5 246.60 Percent Change 17% 16.00 Research and development Selling, general and administrative Operating expenses 45.4 136.1 181.5 36.6 132.1 168.7 8 Operating income 103.7 77.9 33 Interest expense Other 2.2 1.0 2.0 1.5 Earnings before income taxes 100.5 74.4 35 Provision for income taxes Net earnings 32.7 $ 67.8 24.9 $ 49.5 37 Basic earnings per share $ 1.04 $ 0.73 43 Diluted earnings per share $ 0.96 $ 0.69 40 Shares used in per share calculation: Basic Diluted 65.3 70.5 68.1 72.2
CONSOLIDATED CONDENSED STATEMENTS OF FINANCIAL POSITION (In Millions) December 31 ASSETS Current assets: Cash and cash equivalents Trade receivables, net Inventories Prepaid expenses and other current assets Total current assets $ 81.2 423.1 351.2 75.0 930.5 $ 149.0 469.4 333.0 68.6 1,020.0 Property, plant and equipment, net Other assets Total assets 437.9 430.5 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Shortterm debt Accounts payable Accrued liabilities Total current liabilities $ 7.9 275.1 320.9 603.9 $ 11.7 267.1 326.9 605.7 Longterm debt Other liabilities Total liabilities 903.5 905.3 Stockholders' equity: Preferred stock Common stock and capital in excess of par Retained earnings Treasury stock Accumulated other comprehensive earnings (loss) Total stockholders' equity Total liabilities and stockholders' equity 571.0 479.6 (524.9) (27.9) 497.8 565.6 411.8 (370.3) (29.0) 578.1
CONSOLIDATED CONDENSED STATEMENTS OF FINANCIAL POSITION (In Millions) December 31 ASSETS Current assets: Cash and cash equivalents Trade receivables, net Inventories Prepaid expenses and other current assets Total current assets $ 81.2 423.1 351.2 75.0 930.5 $ 149.0 469.4 333.0 68.6 1,020.0 Property, plant and equipment, net Other assets Total assets 437.9 430.5 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Shortterm debt Accounts payable Accrued liabilities Total current liabilities $ 7.9 275.1 320.9 603.9 $ 11.7 267.1 326.9 605.7 Longterm debt Other liabilities Total liabilities 903.5 905.3 Stockholders' equity: Preferred stock Common stock and capital in excess of par Retained earnings Treasury stock Accumulated other comprehensive earnings (loss) Total stockholders' equity Total liabilities and stockholders' equity 571.0 479.6 (524.9) (27.9) 497.8 565.6 411.8 (370.3) (29.0) 578.1
CONSOLIDATED CONDENSED STATEMENTS OF FINANCIAL POSITION (In Millions) December 31 ASSETS Current assets: Cash and cash equivalents Trade receivables, net Inventories Prepaid expenses and other current assets Total current assets $ 81.2 423.1 351.2 75.0 930.5 $ 149.0 469.4 333.0 68.6 1,020.0 Property, plant and equipment, net Other assets Total assets 437.9 430.5 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Shortterm debt Accounts payable Accrued liabilities Total current liabilities $ 7.9 275.1 320.9 603.9 $ 11.7 267.1 326.9 605.7 Longterm debt Other liabilities Total liabilities 903.5 905.3 Stockholders' equity: Preferred stock Common stock and capital in excess of par Retained earnings Treasury stock Accumulated other comprehensive earnings (loss) Total stockholders' equity Total liabilities and stockholders' equity 571.0 479.6 (524.9) (27.9) 497.8 565.6 411.8 (370.3) (29.0) 578.1
CONSOLIDATED CONDENSED STATEMENTS OF FINANCIAL POSITION (In Millions) December 31 ASSETS Current assets: Cash and cash equivalents Trade receivables, net Inventories Prepaid expenses and other current assets Total current assets $ 81.2 423.1 351.2 75.0 930.5 $ 149.0 469.4 333.0 68.6 1,020.0 Property, plant and equipment, net Other assets Total assets 437.9 430.5 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Shortterm debt Accounts payable Accrued liabilities Total current liabilities $ 7.9 275.1 320.9 603.9 $ 11.7 267.1 326.9 605.7 Longterm debt Other liabilities Total liabilities 903.5 905.3 Stockholders' equity: Preferred stock Common stock and capital in excess of par Retained earnings Treasury stock Accumulated other comprehensive earnings (loss) Total stockholders' equity Total liabilities and stockholders' equity 571.0 479.6 (524.9) (27.9) 497.8 565.6 411.8 (370.3) (29.0) 578.1
CONSOLIDATED CONDENSED STATEMENTS OF FINANCIAL POSITION (In Millions) December 31 ASSETS Current assets: Cash and cash equivalents Trade receivables, net Inventories Prepaid expenses and other current assets Total current assets $ 81.2 423.1 351.2 75.0 930.5 $ 149.0 469.4 333.0 68.6 1,020.0 Property, plant and equipment, net Other assets Total assets 437.9 430.5 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Shortterm debt Accounts payable Accrued liabilities Total current liabilities $ 7.9 275.1 320.9 603.9 $ 11.7 267.1 326.9 605.7 Longterm debt Other liabilities Total liabilities 903.5 905.3 Stockholders' equity: Preferred stock Common stock and capital in excess of par Retained earnings Treasury stock Accumulated other comprehensive earnings (loss) Total stockholders' equity Total liabilities and stockholders' equity 571.0 479.6 (524.9) (27.9) 497.8 565.6 411.8 (370.3) (29.0) 578.1