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Annual Report 1996


Quarterly Financial Data
Polaroid Corporation and Subsidiary Companies
(In millions, except per share and stock price data)      
1996

First

Second

Third

Fourth

Year


Net Sales

$461.1

$581.6

$569.1

$663.4

$2,275.2

Restructuring and other

110.0

-

-

-

110.0

Special charges

-

-

-

33.0

33.0

Profit/(loss) from operations

(105.5)

56.1

65.3

35.9

51.8

Earnings/(loss) before extraordinary item

(60.7)

28.5

34.2

13.0

15.0

Extraordinary item

-

(54.5)

-

(1.6)

(56.1)

Net earnings/(loss)

(60.7)

(26.0)

34.2

11.4

(41.1)

Primary earnings/(loss) per common share          
Earnings/(loss) before extraordinary item

(1.33)

.63

.74

.28

.32

Extraordinary item  

(1.20)

 

(.03)

(1.21)

Net earnings/(loss)

(1.33)

(.57)

.74

.25

(.89)

Fully diluted earnings per common share

*

*

.71

*

*

Cash dividends per common share

.15

.15

.15

.15

.60

Stock prices**          
High

48.13

47.13

45.88

45.00

48.13

Low

41.13

43.00

42.00

39.38

39.38

           
1995

First

Second

Third

Fourth

Year


Net Sales

$409.6

$572.5

$580.0

$674.8

$2,236.9

Restructuring and other

77.0

-

-

170.0

247.0

Profit/(loss) from operations

(108.6)

41.1

50.3

(140.6)

(157.8)

Net earnings/(loss)

(75.8)

22.9

23.7

(111.0)

(140.2)

Primary earnings/(loss) per common share

(1.66)

.50

.51

(2.44)

(3.09)

Fully diluted earnings per common share

*

.49

.50

*

*

Cash dividends per common share

.15

.15

.15

.15

.60

Stock prices**          
High

35.25

43.88

44.88

49.25

49.25

Low

29.00

33.00

38.88

38.75

29.00

Stockholders of record as of January 31, 1997.......10,742

* Fully diluted earnings per common share are not disclosed because they are greater than primary earnings per common share.

** Recorded on the New York Stock Exchange Composite.




Polaroid Corporation Annual Report 1996
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