It was 30 cents.
$1.18 Diluted as reported and $.88 Diluted pro forma.
From bottom of page 43 of the 10-K.
The following table illustrates the effect on net income and
earnings per share for each of the past three fiscal years as
if Dell had applied the fair value recognition provisions of
SFAS No. 123 to stock-based employee compensation:
Fiscal Year Ended
January 28, January 30, January 31,
2005 2004 2003
(in millions, except per share amounts)
Net income — as reported $ 3,043 $ 2,645 $ 2,122
Deduct: Total stock-based employee compensation determined
under fair value method for all awards, net of related tax
effects (812 ) (829 ) (723 )
Net income — pro forma $ 2,231 $ 1,816 $ 1,399
Earnings per common share:
Basic — as reported $ 1.21 $ 1.03 $ 0.82
Basic — pro forma $ 0.89 $ 0.71 $ 0.54
Diluted — as reported $ 1.18 $ 1.01 $ 0.80
Diluted — pro forma $ 0.88 $ 0.68 $ 0.51
Under the Black-Scholes option pricing model, the weighted
average fair value of stock options at date of grant was
$10.72, $10.25, and $11.41 per option for options granted
during fiscal 2005, 2004, and 2003, respectively.
$280 million of taxes were due to repatriation (possibly to be reduced later after technical corrections are passed). See Note 3 onpage 47. |
