Chrysler 2002 Annual Report Download - page 50

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pricing on agricultural equipment and efficiency improvements
had a positive impact on the bottom line.
The Sector’s increasingly successful integration and industrial
streamlining plan, which was undertaken after the merger,
resulted in profit improvements of about $114 million during
2002, bringing the cumulative synergies to about $547 million
at the end of 2002, against a plan objective of about $850
million by the end of 2005.
Depreciation and amortization totaled 541 million euros,
compared with 553 million euros in 2001. The depreciation
and amortization amount for 2002 includes 168 million euros
for amortization of the goodwill from the Case acquisition.
The result for the year was a net loss of 211 million euros,
up from a net loss of 291 million euros the year before.
The Sector’s interest in the net result was a loss of 220
million euros (296 million euros in 2001).
Cash flow was a positive 330 million euros (262 million euros
in 2001). This improvement is due primarily to the smaller
net loss incurred in 2002.
48 Report on Operations CNH Global