financial highlights
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|
Selected Financial Information
(in thousands, except per share amounts)
| |
|
1999 |
|
2000 |
|
2001 |
|
2002 |
|
2003 |
| Net Revenue |
|
$800,940 |
|
$981,718 |
|
$1,096,062 |
|
$1,312,228 |
|
$1,650,743 |
Gains (Losses) on Marketable Securities
and Other Investments, Net |
|
579,211 |
|
481,130 |
|
(98,053) |
|
(15,535) |
|
10,912 |
Net Income (Loss) from Continuing
Operations, Net of Tax |
|
388,788 |
|
325,691 |
|
(124,656) |
|
53,615 |
|
263,202 |
Net Income (Loss) from Discontinued
Operations, Net of Tax |
|
(2,224) |
|
(20,030) |
|
27,549 |
|
86,545 |
|
79,832 |
Net Income (Loss) |
|
386,564 |
|
305,661 |
|
(82,793) |
|
140,160 |
|
343,034 |
Diluted Net Income (Loss) per Share
from Continuing Operations |
|
$1.94 |
|
$1.54 |
|
$(0.60) |
|
$0.24 |
|
$1.25 |
Diluted Net Income (Loss) per Share
from Discontinued Operations |
|
(0.01) |
|
(0.09) |
|
0.13 |
|
0.40 |
|
0.38 |
Diluted Net Income (Loss) per Share |
|
1.93 |
|
1.45 |
|
(0.40) |
|
0.64 |
|
1.63 |
Cash, Cash Equivalents and
Short-term Investments |
|
$805,220 |
|
$1,399,351 |
|
$1,186,215 |
|
$1,224,290 |
|
$1,206,801 |
Marketable Securities |
|
431,176 |
|
225,878 |
|
85,307 |
|
16,791 |
|
865 |
Our Quicken Loans mortgage business and our Japanese subsidiary have been accounted for as discontinued operations
in all periods presented.
Comparability of information is affected by acquisitions, divestitures, gains and losses (including price fluctuations)
relating to marketable securities and other investments, and other factors.
All per share amounts have been adjusted to reflect a three-for-one stock split that was effective September 30, 1999.
Pro Forma Net Income*
(In thousands, except per share amounts; unaudited)
| |
|
1999 |
|
2000 |
|
2001 |
|
2002 |
|
2003 |
| Pro Forma Net Income* |
$ |
89,744 |
$ |
144,958 |
$ |
157,890 |
$ |
201,503 |
$ |
293,814 |
| Diluted Pro Forma Net Income per Share* |
$ |
0.45 |
$ |
0.69 |
$ |
0.73 |
$ |
0.92 |
$ |
1.39 |
*
|
A quantitative reconciliation of this non-GAAP financial measure to the most directly comparable financial information prepared in accordance with GAAP can be found on page 61 of the Annual Report to Stockholders.
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