Baker Hughes 2004 Annual Report Download - page 66
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Please find page 66 of the 2004 Baker Hughes annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.ITEM6.SELECTEDFINANCIALDATA
TheSelectedFinancialDatashouldbereadinconjunctionwith“Item7.Management’sDiscussionandAnalysisofFinancial
ConditionandResultsofOperations”and“Item8.FinancialStatementsandSupplementaryData,”bothcontainedherein.
YearEndedDecember31,
(Inmillions,exceptpershareamounts) 2004 2003 2002 2001 2000
Revenues $ 6,103.8 $ 5,252.4 $ 4,860.2 $ 5,000.1 $ 4,791.1
Costsandexpenses:
Costofrevenues 4,367.4 3,820.9 3,490.1 3,532.2 3,692.3
Selling,generalandadministrative 915.4 827.0 807.7 751.5 689.1
Impairmentofinvestmentinaffiliate – 45.3 – – –
Restructuringcharges(reversals) – (1.1) – (4.2) 7.0
(Gain)lossondisposalofassets – – – (2.4) 67.9
Total 5,282.8 4,692.1 4,297.8 4,277.1 4,456.3
Operatingincome 821.0 560.3 562.4 723.0 334.8
Equityinincome(loss)ofaffiliates 36.3 (137.8) (69.7) 45.8 (4.6)
Interestexpense (83.6) (103.1) (111.1) (126.3) (179.9)
Interestincome 6.8 5.3 5.2 11.7 4.3
Gainontradingsecurities – – – – 14.1
Incomefromcontinuingoperationsbefore
incometaxes 780.5 324.7 386.8 654.2 168.7
Incometaxes (252.3) (146.8) (159.0) (222.9) (99.1)
Incomefromcontinuingoperations 528.2 177.9 227.8 431.3 69.6
Income(loss)fromdiscontinuedoperations,
netoftax 0.4 (43.4) (16.4) 7.4 32.7
Incomebeforeextraordinarylossand
cumulativeeffectofaccountingchange 528.6 134.5 211.4 438.7 102.3
Extraordinaryloss,netoftax – – – (1.5) –
Cumulativeeffectofaccountingchange,
netoftax – (5.6) (42.5) 0.8 –
Netincome $ 528.6 $ 128.9 $ 168.9 $ 438.0 $ 102.3
Pershareofcommonstock:
Incomefromcontinuingoperations:
Basic $ 1.58 $ 0.53 $ 0.67 $ 1.29 $ 0.21
Diluted 1.57 0.53 0.67 1.28 0.21
Dividends 0.46 0.46 0.46 0.46 0.46
FinancialPosition:
Workingcapital $ 1,731.1 $ 1,208.6 $ 1,496.9 $ 1,659.8 $ 1,704.5
Totalassets 6,821.3 6,416.5 6,499.7 6,676.2 6,489.1
Long-termdebt 1,086.3 1,133.0 1,424.3 1,682.4 2,049.6
Stockholders’equity 3,895.4 3,350.4 3,397.2 3,327.8 3,046.7
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