Exxon 2008 Annual Report Download - page 40

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SUMMARY STATEMENT OF INCOME
(millions of dollars)
2008 2007 2006
Revenues and Other Income
Sales and other operating revenue(1)459,579
390,328 365,467
Income from equity affiliates 11,081
8,901 6,985
Other income(2) 6,699
5,323 5,183
Total revenues and other income 477,359
404,552 377,635
Costs and Other Deductions
Crude oil and product purchases 249,454
199,498 182,546
Production and manufacturing expenses 37,905
31,885 29,528
Selling, general and administrative expenses 15,873
14,890 14,273
Depreciation and depletion 12,379
12,250 11,416
Exploration expenses, including dry holes 1,451
1,469 1,181
Interest expense 673
400 654
Sales-based taxes(1) 34,508
31,728 30,381
Other taxes and duties 41,719
40,953 39,203
Income applicable to minority interests 1,647
1,005 1,051
Total costs and other deductions 395,609
334,078 310,233
Income before income taxes 81,750
70,474 67,402
Income taxes 36,530
29,864 27,902
Net income 45,220
40,610 39,500
Net Income per Common Share (dollars) 8.78
7.36 6.68
Net Income per Common Share – Assuming Dilution (dollars) 8.69
7.28 6.62
(1) Sales and other operating revenue includes sales-based taxes of $34,508 million for 2008, $31,728 million for 2007, and $30,381 million for 2006.
(2) Other income for 2008 includes a $62 million gain from the sale of a non-U.S. investment and a related $143 million foreign exchange loss.
The information in the Summary Statement of Income (for 2006 to 2008), the Summary Balance Sheet (for 2007 and 2008), and the Summary Statement of Cash Flows (for 2006
to 2008), shown on pages 38 through 40, corresponds to the information in the Consolidated Statement of Income, Consolidated Balance Sheet, and the Consolidated Statement
of Cash Flows in the financial statements of ExxonMobil’s 2009 Proxy Statement. For complete consolidated financial statements, including notes, please refer to Appendix A of
ExxonMobil’s 2009 Proxy Statement. See also Management’s Discussion and Analysis of Financial Condition and Results of Operations and other information
in Appendix A of the 2009 Proxy Statement.
E X X O N ฀ M O B I L ฀ C O R P O R A T I O N ฀ •฀ 2 0 0 8 ฀ S U M M A R Y ฀ A N N U A L ฀ R E P O R T
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