Baker Hughes 2004 Annual Report Download - page 89
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Please find page 89 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.CONSOLIDATEDSTATEMENTSOFOPERATIONS
YearEndedDecember31,
(Inmillions,exceptpershareamounts) 2004 2003 2002
Revenues $ 6,103.8 $ 5,252.4 $ 4,860.2
Costsandexpenses:
Costofrevenues 4,367.4 3,820.9 3,490.1
Selling,generalandadministrative 915.4 827.0 807.7
Impairmentofinvestmentinaffiliate – 45.3 –
Reversalofrestructuringcharge – (1.1) –
Total 5,282.8 4,692.1 4,297.8
Operatingincome 821.0 560.3 562.4
Equityinincome(loss)ofaffiliates 36.3 (137.8) (69.7)
Interestexpense (83.6) (103.1) (111.1)
Interestincome 6.8 5.3 5.2
Incomefromcontinuingoperationsbeforeincometaxes 780.5 324.7 386.8
Incometaxes (252.3) (146.8) (159.0)
Incomefromcontinuingoperations 528.2 177.9 227.8
Income(loss)fromdiscontinuedoperations,netoftax 0.4 (43.4) (16.4)
Incomebeforecumulativeeffectofaccountingchange 528.6 134.5 211.4
Cumulativeeffectofaccountingchange,netoftax – (5.6) (42.5)
Netincome $ 528.6 $ 128.9 $ 168.9
Basicearningspershare:
Incomefromcontinuingoperations $ 1.58 $ 0.53 $ 0.67
Income(loss)fromdiscontinuedoperations – (0.13) (0.05)
Cumulativeeffectofaccountingchange – (0.02) (0.12)
Netincome $ 1.58 $ 0.38 $ 0.50
Dilutedearningspershare:
Incomefromcontinuingoperations $ 1.57 $ 0.53 $ 0.67
Income(loss)fromdiscontinuedoperations 0.01 (0.13) (0.05)
Cumulativeeffectofaccountingchange – (0.02) (0.12)
Netincome $ 1.58 $ 0.38 $ 0.50
SeeNotestoConsolidatedFinancialStatements
2004Form10-K39