Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

Selected Quarterly Financial Data (unaudited)

Quarterly financial data for 2013 and 2012 is as follows (tables in millions, except per share amounts):

2013	Q1 2013		Q2 2013		Q3 2013		Q4 2013
Revenues	$	5,387	$	5,614	$	5,539	$	6,682
Gross profit	3,298		3,509		3,442		4,224
Net income attributable to EMC Corporation	580		701		586		1,022
Net income per weighted average share, diluted: common shareholders	$	0.26	$	0.32	$	0.27	$	0.48
2012	Q1 2012		Q2 2012		Q3 2012		Q4 2012
Revenues	$	5,094	$	5,311	$	5,278	$	6,030
Gross profit	3,113		3,347		3,288		3,890
Net income attributable to EMC Corporation	587		650		626		870
Net income per weighted average share, diluted: common shareholders	$	0.27	$	0.29	$	0.28	$	0.39

The first quarter of 2013 includes the benefit of the R&D tax credit for 2012 of $60 million, or $0.03 per diluted share. The second and third quarters of 2013 each include net gains on VMware's disposition of certain lines of business of $10 million and $11 million or $0.01 and $0.01 per diluted share, respectively. The third and fourth quarters of 2013 also include special tax items related to our tax-related reorganizations of $23 million or $0.01 per diluted share and a tax benefit of $4 million or $0.00 per diluted share, respectively.

The second quarter of 2012 includes a benefit related to the release of the residual reserve for expansion of customer remediation programs resulting from a cyber attack on RSA of $18 million or $0.01 per diluted share, after tax. In addition, the second quarter of 2012 includes an after-tax charge related to a loss on interest rate swaps of $24 million or $0.01 per diluted share as well as an after-tax realized gain related to the gain on our XtremIO strategic investment of $32 million or $0.01 per diluted share in connection with our acquisition of XtremIO. The fourth quarter of 2012 includes special tax items related to our tax-related reorganizations of $11 million or $0.01 per diluted share.