2013 Quarter 3 | ||||||||||||||||
(Dollars in millions except per share data) | 1st | 2nd | 3rd | 4th | ||||||||||||
Sales and revenues | $ | 13,210 | $ | 14,621 | $ | 13,423 | $ | 14,402 | ||||||||
Less: Revenues | (726 | ) | (735 | ) | (745 | ) | (756 | ) | ||||||||
Sales | 12,484 | 13,886 | 12,678 | 13,646 | ||||||||||||
Cost of goods sold | 9,639 | 10,773 | 9,774 | 10,541 | ||||||||||||
Gross margin | 2,845 | 3,113 | 2,904 | 3,105 | ||||||||||||
Profit 1 | $ | 880 | $ | 960 | $ | 946 | $ | 1,003 | ||||||||
Profit per common share | $ | 1.34 | $ | 1.48 | $ | 1.48 | $ | 1.57 | ||||||||
Profit per common share–diluted 2 | $ | 1.31 | $ | 1.45 | $ | 1.45 | $ | 1.54 | ||||||||
2012 Quarter 3 | ||||||||||||||||
1st | 2nd | 3rd | 4th | |||||||||||||
Sales and revenues | $ | 15,981 | $ | 17,374 | $ | 16,445 | $ | 16,075 | ||||||||
Less: Revenues | (693 | ) | (690 | ) | (706 | ) | (718 | ) | ||||||||
Sales | 15,288 | 16,684 | 15,739 | 15,357 | ||||||||||||
Cost of goods sold | 11,237 | 12,280 | 11,639 | 11,899 | ||||||||||||
Gross margin | 4,051 | 4,404 | 4,100 | 3,458 | ||||||||||||
Profit 1, 4 | $ | 1,586 | $ | 1,699 | $ | 1,699 | $ | 697 | ||||||||
Profit per common share 4 | $ | 2.44 | $ | 2.60 | $ | 2.60 | $ | 1.07 | ||||||||
Profit per common share–diluted 2, 4 | $ | 2.37 | $ | 2.54 | $ | 2.54 | $ | 1.04 | ||||||||
1 | Profit attributable to common stockholders. |
2 | Diluted by assumed exercise of stock-based compensation awards using the treasury stock method. |
3 | See Note 24 - Acquisitions and Note 26 - Divestitures and Assets held for sale for additional information. |
4 | The fourth quarter 2012 includes a goodwill impairment charge related to Siwei of $580 million. |