Archer Daniels Midland 2007 Annual Report Download - page 27

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19
Item 6. SELECTED FINANCIAL DATA
Selected Financial Data
(In millions, except ratio and per share data)
2007
2006 2005 2004 2003
Net sales and other operating income $44,018 $36,596 $35,943 $36,151 $30,708
Depreciation 701 657 665 686 644
Net earnings 2,162 1,312 1,044 495 451
Basic earnings per common share 3.32 2.01 1.60 0.76 0.70
Diluted earnings per common share 3.30 2.00 1.59 0.76 0.70
Cash dividends 281 242 209 174 156
Per common share 0.43 0.37 0.32 0.27 0.24
Working capital $7,254 $5,661 $4,344 $3,589 $3,274
Per common share 11.28 8.63 6.68 5.51 5.08
Current ratio 1.9 1.9 1.8 1.5 1.6
Inventories 6,060 4,677 3,907 4,592 3,550
Net property, plant, and equipment 6,010 5,293 5,184 5,255 5,469
Gross additions to property, plant, and
equipment 1,404 841 647 621 1,246
Total assets 25,118 21,269 18,598 19,369 17,183
Long-term debt 4,752 4,050 3,530 3,740 3,872
Shareholders’ equity 11,253 9,807 8,435 7,698 7,069
Per common share 17.50 14.95 12.96 11.83 10.96
Weighted average shares outstanding-basic 651 654 654 648 646
Weighted average shares outstanding-diluted 656 656 656 650 647
Significant items affecting the comparability of the financial data shown above are as follows.
• Net earnings for 2007 include a gain of $440 million ($286 million after tax, equal to $0.44 per share)
related to the exchange of the Company’s interests in certain Asian joint ventures for shares of Wilmar
International Limited, realized securities gains of $357 million ($225 million after tax, equal to $0.34 per
share) related to the Company’s sale of equity securities of Tyson Foods Inc. and Overseas Shipholding
Group Inc. and a $209 million gain ($132 million after tax, equal to $0.20 per share) related to the sale of
businesses.
• Net earnings for 2005 include a gain of $159 million ($119 million after tax, equal to $0.18 per share)
related to sales of the Company’s interest in Tate & Lyle PLC.
• Net earnings for 2004 include a $400 million charge ($252 million after tax, equal to $0.39 per share)
related to the settlement of fructose litigation and a $51 million charge ($32 million after tax, equal to
$0.05 per share) related to the abandonment and write-down of long-lived assets.