Emerson 2006 Annual Report Download - page 62
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Please find page 62 of the 2006 Emerson 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.Eleven-Year Summary
2006 2005 2004
Net sales 17,305 15,615
Gross profit 6,183 5,566
Interest expense 243 234
Earnings from continuing operations 1,422(a) 1,257
Percent of net sales 8.2% 8.1%
Net earnings 1,422(a) 1,257
Operating cash flow 2,187 2,216
Return on average stockholders’ equity 19.4% 18.4%
Diluted:
Earnings from continuing operations 3.40(a) 2.98
Net earnings 3.40(a) 2.98
Cash dividends 1.66 1.60
Book value 18.02 17.26
Operating working capital 1,643 1,633
Percent of net sales 9.5% 10.5%
Property, plant and equipment, net 3,003 2,937
Total assets 17,227 16,361
Long-term debt 3,128 3,136
Stockholders’ equity 7,400 7,238
Total debt to total capital 35.6% 35.8%
Net debt to net capital 27.7% 27.0%
Capital expenditures 518 400
Depreciation 472 478
Total taxes, including income taxes 1,227 1,044
Salaries and wages 3,161 3,320
Average number of employees 114,200 107,800
Approximate number of stockholders of record at year-end 28,780 30,200
Average common shares – diluted (in thousands) 418,860 422,195
Note: All share and per share data reect the 1997 two-for-one stock split.
See Note 3 for information regarding the Company’s acquisition and divestiture activities.
The operating results of Dura-Line are classied as discontinued operations for 2000-2003.
(a) Includes a tax expense of $63 ($0.15 per share) related to the one-time opportunity to repatriate foreign earnings under the American Jobs Creaton Act of 2004.
(b) Includes the cumulative effect of a change in accounting principle of $938 ($2.23 per share).
(c) Before change in accounting principle.
(d) Includes a $377 charge ($260 after-tax, or $0.61 per share), of which $358 ($248 after-tax, or $0.58 per share) was reported in continuing operations,
primarily for the disposition of facilities and exiting of product lines.
Eleven-Year Summary
Years ended September 30 | Dollars in millions, except per share amounts