EDS Reports Second Quarter 2003 Results; Company Strengthens Balance Sheet; Moves to Improve Cost Competitiveness

   ELECTRONIC DATA SYSTEMS CORPORATION AND SUBSIDIARIES

   SUMMARY OF RESULTS OF OPERATIONS
   (in millions, except per share amounts)

                           Three Months Ended          Six Months Ended
                                June 30,                   June 30,
                           2003          2002         2003          2002

  Revenues (A)            $5,522        $5,395      $10,890       $10,661

  Costs and expenses
    Cost of revenues (B)   4,737         4,416        9,694         8,638
    Selling, general and
     administrative          464           452          931           905
    Other charges (C)         43           ---           91           ---
      Total costs and
       expenses            5,244         4,868       10,716         9,543

      Operating
       income (D)            278           527          174         1,118

  Other income (expense)     (68)          (61)        (128)         (125)
    Income from continuing
     operations before
     income taxes            210           466           46           993
  Provision for income
   taxes                      71           157           15           337
    Income from continuing
     operations              139           309           31           656
  Income (loss) from
   discontinued
   operations, net of
   income taxes (E)           (1)            7           (2)           14
    Income before
     cumulative effect
     of a change in
     accounting principle    138           316           29           670
  Cumulative effect on
   prior years of a change
   in accounting for asset
   retirement obligations,
   net of income taxes (F)   ---           ---          (17)          ---
    Net income              $138          $316          $12          $670

  Basic earnings per share
   of common stock (G)
    Income from continuing
     operations            $0.29         $0.64        $0.06         $1.37
    Income from
     discontinued
     operations              ---          0.02          ---          0.03
    Cumulative effect on
     prior years of a
     change in accounting
     for asset retirement
     obligations             ---           ---        (0.03)          ---
      Net income           $0.29         $0.66        $0.03         $1.40
  Diluted earnings per
   share of common
   stock (G)
    Income from continuing
     operations            $0.28         $0.63        $0.05         $1.33
    Income from
     discontinued
     operations              ---          0.01          ---          0.03
    Cumulative effect on
     prior years of a
     change in accounting
     for asset retirement
     obligations             ---           ---        (0.03)          ---
      Net income           $0.28         $0.64        $0.02         $1.36

  Weighted average number
   of shares outstanding
    Basic                    478           481          478           480
    Diluted                  487           490            486                      492

    Cash  dividends
      per  share                              $0.15                  $0.15                $0.30                  $0.30

 


« Previous Page 1 | 2 | 3 | 4  Next Page »



Review Article Be the first to review this article
Rand3D

Jobs
Mapping & GIS Sales Rep for California Surveying & Drafting Supply at Sacramento, CA
Architectural Designer for Champion Home Builders at Troy, MI
Analyst Programmer for Palm Beach County at West Palm Beach, FL
Upcoming Events
ATE SOLIDWORKS Innovation Day 2017 at LIFELONG LEARNING INSTITUTE LEVEL 2 @ 11 EUNOS ROAD 8 SINGAPORE Singapore - Oct 5, 2017
Additive Manufacturing Conference 2017 at Knoxville Convention Center 701 Henley Street Knoxville TN - Oct 10 - 12, 2017
ASSESS 2017 CONGRESS at Bolger Center Potomac MD - Nov 1 - 3, 2017
FABTECH 2017 at McCormick Place Chicago IL - Nov 6 - 9, 2017
MasterCAM



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise