Selected Financial Data

Selected Financial Data

(In Millions, Except Per Share Amounts)   2009   2008   2007   2006   2005(1)
                               
Net revenue   $ 35,127   $ 37,586   $ 38,334   $ 35,382   $ 38,826
Gross margin   $ 19,561   $ 20,844   $ 19,904   $ 18,218   $ 23,049
Research and development   $ 5,653   $ 5,722   $ 5,755   $ 5,873   $ 5,145
Operating income   $ 5,711   $ 8,954   $ 8,216   $ 5,652   $ 12,090
Net income   $ 4,369   $ 5,292   $ 6,976   $ 5,044   $ 8,664
Earnings per common share                              
Basic
  $ 0.79   $ 0.93   $ 1.20   $ 0.87   $ 1.42
Diluted
  $ 0.77   $ 0.92   $ 1.18   $ 0.86   $ 1.40
Weighted average diluted common shares outstanding     5,645     5,748     5,936     5,880     6,178
Dividends per common share                              
Declared
  $ 0.56   $ 0.5475   $ 0.45   $ 0.40   $ 0.32
Paid
  $ 0.56   $ 0.5475   $ 0.45   $ 0.40   $ 0.32
Net cash provided by operating activities   $ 11,170   $ 10,926   $ 12,625   $ 10,632   $ 14,851
Additions to property, plant and equipment   $ 4,515   $ 5,197   $ 5,000   $ 5,860   $ 5,871


(Dollars in Millions)   Dec. 26, 2009   Dec. 27, 2008(2)   Dec. 29, 2007(2)   Dec. 30, 2006(2)   Dec. 31, 2005(2)
                               
Property, plant and equipment, net   $ 17,225   $ 17,574   $ 16,938   $ 17,614   $ 17,114
Total assets   $ 53,095   $ 50,472   $ 55,664   $ 48,372   $ 48,309
Long-term debt   $ 2,049   $ 1,185   $ 1,269   $ 1,128   $ 1,377
Stockholders' equity   $ 41,704   $ 39,546   $ 43,220   $ 37,210   $ 36,640
Employees (in thousands)     79.8     83.9     86.3     94.1     99.9
(1) Beginning in 2006, we adopted new standards that changed the accounting for employee equity incentive plans requiring the recognition of share-based compensation.
(2) As adjusted due to changes to the accounting for convertible debt instruments. See "Note 3: Accounting Changes" in Part II, Item 8 of this Form 10-K.

The ratio of earnings to fixed charges for each of the five years in the period ended December 26, 2009 was as follows:

2009       2008       2007       2006       2005
                                 
44x       51x       72x       50x       169x

Fixed charges consist of interest expense, capitalized interest, and the estimated interest component of rental expense.

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