Emerson 2006 Annual Report Download - page 62

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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 reect 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 classied 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