Emerson 2008 Annual Report Download - page 36

Download and view the complete annual report

Please find page 36 of the 2008 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.

Page out of 65

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65

A Powerful Force for Innovation [ 29 ]
CONSOLIDATED STATEMENTS OF EARNINGS
  2006 2007 2008
 $19,734 22,131 
Costs and expenses:
Cost of sales 12,605 14,066 
Selling, general and administrative expenses 4,076 4,569 
Other deductions, net 173 175 
Interest expense (net of interest income: 2006, $18; 2007, $33; 2008, $56) 207 228 
 2,673 3,093 
Income taxes 834 964 
 $ 1,839 2,129 
Discontinued operations, net of tax 6 7 
 $ 1,845 2,136 

Earnings from continuing operations $ 2.25 2.68 
Discontinued operations 0.01 0.01 
 $ 2.26 2.69 

Earnings from continuing operations $ 2.23 2.65 
Discontinued operations 0.01 0.01 
 $ 2.24 2.66 

Years ended September 30 | Dollars in millions, except per share amounts
See accompanying Notes to Consolidated Financial Statements.