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Prudential Financial 2001 Annual Report - page 162 / 172

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162 / 172

Prudential Financial, Inc.

Notes to Consolidated Financial Statements

21.

Commitments and Guarantees, Contingencies and Litigation (continued)

however, that the ultimate outcome of all pending litigation and regulatory matters, after consideration of applicable reserves, should not have a material adverse effect on the Company’s financial position.

22. Quarterly Results of Operations (Unaudited)

The unaudited quarterly results of operations for the years ended December 31, 2001 and 2000 are summarized in the table below:

2001

Total revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total benefits and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (loss) from continuing operations before income taxes . . . . . . . . . . . . . . . . . . . Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Basic and diluted earnings per share — Common Stock . . . . . . . . . . . . . . . . . . . . . . . . Basic and diluted earnings per share — Class B Stock . . . . . . . . . . . . . . . . . . . . . . . . . .

$6,747

$7,168

$6,356

$6,906

6,024

7,012

6,853

7,515

723

156

(497)

(609)(a)

437

195

(280)

(506)(a)

(In Millions, Except Per Share Amounts)

$ 0.07 (b) $ 1.50 (b)

March 31

For The Three Months Ended

June 30

September 30

December 31

2000

Total revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total benefits and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (loss) from continuing operations before income taxes . . . . . . . . . . . . . . . . . . . Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$6,838 6,146

$6,730 6,273

$6,311 6,115

692 376

457 223

196 67

$6,625 7,243 (618) (268)

  • (a)

    Income from continuing operations and net income after the date of demutualization is $41 million.

  • (b)

    Earnings per share data reflects earnings for the period commencing with the date of demutualization only.

160

Growing and Protecting Your Wealth

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