Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

Selected Quarterly Financial Data (unaudited)

Quarterly financial data for 2014 and 2013 is as follows (tables in millions, except per share amounts):

2014	Q1 2014		Q2 2014		Q3 2014		Q4 2014
Revenues	$	5,479	$	5,880	$	6,032	$	7,048
Gross profit	3,347		3,654		3,743		4,505
Net income attributable to EMC Corporation	392		589		587		1,147
Net income per weighted average share, diluted: common shareholders	$	0.19	$	0.28	$	0.28	$	0.56
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

The second and fourth quarters of 2014 includes a gain on previously held interests in strategic investments and joint venture of $45 million, or $0.02 per diluted share and $33 million, or $0.02 per diluted share, respectively. The second quarter of 2014 also includes an impairment of strategic investment of $24 million, or $0.01 per diluted share. The fourth quarter of 2014 includes a tax benefit related to the expected R&D tax credit for 2014 of $62 million, or $0.03 per diluted share.

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 and other 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.