SUN MICROSYSTEMS, INC. (JAVA) [Rocket]

In millions, except per share items	Sep-27-09	Jun-30-09	Mar-29-09	Dec-28-08	Sep-28-08	Jun-30-08	Mar-30-08	Dec-30-07
	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q
Revenues:
Products	1,187	1,482	1,519	1,939	1,764	2,386	2,003	2,249
Services	1,056	1,143	1,095	1,281	1,226	1,394	1,263	1,366
Total revenues [+]	2,243	2,625	2,614	3,220	2,990	3,780	3,266	3,615
Products	1,187	1,482	1,519	1,939	1,764	2,386	2,003	2,249
Services	1,056	1,143	1,095	1,281	1,226	1,394	1,263	1,366
Revenue growth [+]	-25.0%	-30.6%	-20.0%	-10.9%	-7.1%	-1.4%	-0.5%	1.4%
Products	-32.7%	-37.9%	-24.2%	-13.8%	-10.9%	-4.3%	-2.8%	-0.5%
Services	-13.9%	-18.0%	-13.3%	-6.2%	-1.0%	3.8%	3.3%	4.6%
Cost of goods sold [+]	1,270	1,561	1,498	1,870	1,789	2,107	1,798	1,862
Cost of product sales	695	924	877	1,180	1,143	1,372	1,106	1,161
Cost of services	575	637	621	690	646	735	692	701
Gross profit	973	1,064	1,116	1,350	1,201	1,673	1,468	1,753
Gross margin	43.4%	40.5%	42.7%	41.9%	40.2%	44.3%	44.9%	48.5%
Selling, general and administrative	668	782	843	916	920	1,032	989	995
Research and development	354	421	393	411	423	468	457	463
Equity in earnings
Other operating expenses		-331	46			-159	14
EBITDA [+]	107	417	13	195	52	540	197	491
EBITDA growth	105.8%	-22.8%	-93.4%	-60.3%	-85.9%	-0.6%	-33.2%	11.3%
EBITDA margin	4.8%	15.9%	0.5%	6.1%	1.7%	14.3%	6.0%	13.6%
Depreciation	104	153	107	100	114	122	113	122
EBITA	3	264	-94	95	-62	418	84	369
EBITA margin	0.1%	10.1%	-3.6%	3.0%	-2.1%	11.1%	2.6%	10.2%
Amortization of intangibles	52	72	72	72	80	86	76	74
EBIT [+]	-49	192	-166	23	-142	332	8	295
EBIT growth	-65.5%	-42.2%	-2175.0%	-92.2%	-180.7%	-2.4%	-180.0%	147.9%
EBIT margin	-2.2%	7.3%	-6.4%	0.7%	-4.7%	8.8%	0.2%	8.2%
Non-recurring items [+]	51	410	3	222	1,508	269	24	33
Asset impairment	6	15			1,445
Restructuring charges	45			222	63			32
In-process research & development			3			6	24	1
Other income (expense), net [+]	-13	48	1	7	-10	71	34	53
Gain (loss) on investments	-2		3	-3	8	10
Pre-tax income	-113	-170	-168	-192	-1,660	134	18	315
Income taxes	7	-23	33	17	21	46	52	55
Tax rate		13.5%				34.3%	288.9%	17.5%
Net income	-120	-147	-201	-209	-1,681	88	-34	260
Net margin	-5.3%	-5.6%	-7.7%	-6.5%	-56.2%	2.3%	-1.0%	7.2%

Basic EPS [+]	($0.16)	($0.20)	($0.27)	($0.28)	($2.24)	$0.11	($0.04)	$0.32
Growth	-92.9%	-280.9%	522.9%	-187.2%	-2283.8%	-70.8%	-157.3%	113.7%
Diluted EPS [+]	($0.16)	($0.20)	($0.27)	($0.28)	($2.24)	$0.11	($0.04)	$0.31
Growth	-92.9%	-283.8%	522.9%	-189.4%	-2329.2%	-70.6%	-159.2%	114.7%

Shares outstanding (basic) [+]	753	747	745	743	749	809	785	806
Growth	0.5%	-7.7%	-5.1%	-7.8%	-13.5%	-8.4%	-11.5%	-8.5%
Shares outstanding (diluted) [+]	753	747	745	743	749	822	785	826
Growth	0.5%	-9.1%	-5.1%	-10.0%	-15.3%	-8.9%	-14.2%	-8.9%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.