Exxon 2007 Annual Report Download - page 6

FINANCIAL HIGHLIGHTS 2007 2006 2005 2004 2003
(millions of dollars, unless noted)
Sales and other operating revenue(1)(2) 390,328 365,467 358,955 291,252 237,054
Net income 40,610 39,500 36,130 25,330 21,510
Cash flow from operations and asset sales(3) 56,206 52,366 54,174 43,305 30,788
Capital and exploration expenditures(3) 20,853 19,855 17,699 14,885 15,525
Cash dividends to ExxonMobil shareholders 7,621 7,628 7,185 6,896 6,515
Common stock purchases (gross) 31,822 29,558 18,221 9,951 5,881
Research and development costs 814 733 712 649 618
Cash and cash equivalents at year end(4) 33,981 28,244 28,671 18,531 10,626
Total assets at year end 242,082 219,015 208,335 195,256 174,278
Total debt at year end 9,566 8,347 7,991 8,293 9,545
Shareholders’ equity at year end 121,762 113,844 111,186 101,756 89,915
Average capital employed(3) 128,760 122,573 116,961 107,339 95,373
Share price at year end (dollars) 93.69 76.63 56.17 51.26 41.00
Market valuation at year end 504,220 438,990 344,491 328,128 269,294
Regular employees at year end (thousands) 80.8 82.1 83.7 85.9 88.3
KE Y FINA N CI A L R AT I O S 2007 2006 2005 2004 2003
Net income per common share (dollars) 7.36 6.68 5.76 3.91 3.24
Net income per common share – assuming dilution (dollars) 7.28 6.62 5.71 3.89 3.23
Return on average capital employed(3) (percent) 31.8 32.2 31.3 23.8 20.9
Net income to average shareholders’ equity (percent) 34.5 35.1 33.9 26.4 26.2
Debt to capital(5) (percent) 7.1 6.6 6.5 7.3 9.3
Net debt to capital(6) (percent) (24.0) (20.4) (22.0) (10.7) (1.2)
Ratio of current assets to current liabilities 1.47 1.55 1.58 1.40 1.20
Fixed charge coverage (times) 49.9 46.3 50.2 36.1 30.8
(1) Sales and other operating revenue includes sales-based taxes of $31,728 million for 2007, $30,381 million for 2006, $30,742 million for 2005, $27,263 million for 2004,
and $23,855 million for 2003.
(2) Sales and other operating revenue includes $30,810 million for 2005, $25,289 million for 2004 and $20,936 million for 2003 for purchases/sales contracts with the same
counterparty. Associated costs were included in Crude oil and product purchases. Effective January 1, 2006, these purchases/sales were recorded on a net basis with
no resulting impact on net income.
(3) See Frequently Used Terms on pages 44 through 45.
(4) Excluding restricted cash of $4,604 million in 2006, 2005, and 2004.
(5) Debt includes short- and long-term debt. Capital includes short- and long-term debt, shareholders’ equity, and minority interests.
(6) Debt net of cash and cash equivalents, excluding restricted cash.
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