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CONSOLIDATED INCOME STATEMENTS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Product sales $ 3,269 $ 3,400 $ 9,399 $ 9,728
Services 2,810 2,632 8,290 7,663
Total consolidated revenues 6,079 6,032 17,689 17,391
Costs and expenses:        
Cost of product sales 1,379 1,400 4,141 4,068
Cost of services 995 889 2,917 2,579
Research and development 802 767 2,372 2,239
Selling, general and administrative 2,145 1,990 6,285 5,852
Restructuring and acquisition-related charges 68 39 226 187
Operating income 690 947 1,748 2,466
Non-operating income (expense):        
Investment income 25 29 76 100
Interest expense (41) (40) (121) (108)
Other income (expense), net 22 (103) 56 (245)
Total non-operating income (expense) 6 (114) 11 (253)
Income before provision for income taxes 696 833 1,759 2,213
Income tax provision 168 206 420 532
Net income 528 627 1,339 1,681
Less: Net income attributable to the non-controlling interest in VMware, Inc. (48) (40) (120) (113)
Net income attributable to EMC Corporation $ 480 $ 587 $ 1,219 $ 1,568
Net income per weighted average share, basic attributable to EMC Corporation common shareholders $ 0.25 $ 0.29 $ 0.63 $ 0.77
Net income per weighted average share, diluted attributable to EMC Corporation common shareholders $ 0.25 $ 0.28 $ 0.62 $ 0.76
Weighted average shares, basic 1,934 2,032 1,945 2,033
Weighted average shares, diluted 1,948 2,057 1,963 2,065
Cash dividends declared per common share $ 0.12 $ 0.12 $ 0.34 $ 0.33