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Table of Contents
Ten Years Ended December 31, 2005
The ratio of earnings to fixed charges for each of the five years in the period ended December 31, 2005 was as follows:
Fixed charges consist of interest expense, the estimated interest component of rent expense and capitalized interest.
26
ITEM 6.
SELECTED FINANCIAL DATA
Research &
Operating
(In Millions)
Net Revenue
Gross Margin
Development
Income
Net Income
2005
$
38,826
$
23,049
$
5,145
$
12,090
$
8,664
2004
$
34,209
$
19,746
$
4,778
$
10,130
$
7,516
2003
$
30,141
$
17,094
$
4,360
$
7,533
$
5,641
2002
$
26,764
$
13,318
$
4,034
$
4,382
$
3,117
2001
$
26,539
$
13,052
$
3,796
$
2,256
$
1,291
2000
$
33,726
$
21,076
$
3,897
$
10,395
$
10,535
1999
$
29,389
$
17,553
$
3,111
$
9,767
$
7,314
1998
$
26,273
$
14,185
$
2,509
$
8,379
$
6,068
1997
$
25,070
$
15,125
$
2,347
$
9,887
$
6,945
1996
$
20,847
$
11,683
$
1,808
$
7,553
$
5,157
Basic
Diluted
Earnings
Earnings
Weighted Average
Dividends
Dividends
Net Investment in
Per
Per
Diluted Shares
Declared
Paid Per
Property, Plant
(In Millions—Except Per Share Amounts)
Share
1
Share
1
Outstanding
Per Share
Share
& Equipment
2005
$
1.42
$
1.40
6,178
$
.320
$
.320
$
17,111
2004
$
1.17
$
1.16
6,494
$
.160
$
.160
$
15,768
2003
$
0.86
$
0.85
6,621
$
.080
$
.080
$
16,661
2002
$
0.47
$
0.46
6,759
$
.080
$
.080
$
17,847
2001
$
0.19
$
0.19
6,879
$
.080
$
.080
$
18,121
2000
$
1.57
$
1.51
6,986
$
.070
$
.070
$
15,013
1999
$
1.10
$
1.05
6,940
$
.055
$
.055
$
11,715
1998
$
0.91
$
0.86
7,035
$
.025
$
.033
$
11,609
1997
$
1.06
$
0.97
7,179
$
.029
$
.028
$
10,666
1996
$
0.78
$
0.73
7,101
$
.024
$
.023
$
8,487
Additions to
Long
-
Term
Property,
Employees at
Debt & Put
Stockholders’
Plant &
Year-End
(In Millions
Except Employees)
Total Assets
Warrants
2
Equity
Equipment
(In Thousands)
2005
$
48,314
$
2,106
$
36,182
$
5,818
99.9
2004
$
48,143
$
703
$
38,579
$
3,843
85.0
2003
$
47,143
$
936
$
37,846
$
3,656
79.7
2002
$
44,224
$
929
$
35,468
$
4,703
78.7
2001
$
44,395
$
1,050
$
35,830
$
7,309
83.4
2000
$
47,945
$
707
$
37,322
$
6,674
86.1
1999
$
43,849
$
1,085
$
32,535
$
3,403
70.2
1998
$
31,471
$
903
$
23,377
$
4,032
64.5
1997
$
28,880
$
2,489
$
19,295
$
4,501
63.7
1996
$
23,735
$
1,003
$
16,872
$
3,024
48.5
1
Amortization of goodwill reduced basic earnings per share by $0.23 in 2001, $0.19 in 2000 and $0.05 in 1999, and reduced diluted earnings per
share by $0.22 in 2001, $0.18 in 2000 and $0.05 in 1999. As of 2002, goodwill is no longer amortized.
2
During 2000, all remaining put warrants outstanding expired unexercised.
2005
2004
2003
2002
2001
169x
107x
72x
32x
18x