Kimberly-Clark 2007 Annual Report Download - page 36

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PART II
(Continued)
ITEM 6. SELECTED FINANCIAL DATA
Year Ended December 31
2007 2006 2005(b) 2004(c) 2003(c)
(Millions of dollars, except per share amounts)
Net Sales ................................. $18,266.0 $16,746.9 $15,902.6 $15,083.2 $14,026.3
Gross Profit ............................... 5,703.9 5,082.1 5,075.2 5,068.5 4,794.4
Operating Profit ............................ 2,616.4 2,101.5 2,310.6 2,506.4 2,331.6
Share of Net Income of Equity Companies ....... 170.0 218.6(a) 136.6 124.8 107.0
Income from:
Continuing operations ................... 1,822.9 1,499.5 1,580.6 1,770.4 1,643.6
Discontinued operations ................. — — — 29.8 50.6
Cumulative effect of accounting change ..... — — (12.3) — —
Net income ............................... 1,822.9 1,499.5 1,568.3 1,800.2 1,694.2
Per share basis:
Basic
Continuing operations ........... 4.13 3.27 3.33 3.58 3.24
Discontinued operations ......... — — — .06 .10
Cumulative effect of accounting
change ..................... — — (.03) — —
Net income ................... 4.13 3.27 3.30 3.64 3.34
Diluted ...........................
Continuing operations ........... 4.09 3.25 3.31 3.55 3.23
Discontinued operations ......... — — — .06 .10
Cumulative effect of accounting
change ..................... — — (.03) — —
Net income ................... 4.09 3.25 3.28 3.61 3.33
Cash Dividends Per Share
Declared ............................. 2.12 1.96 1.80 1.60 1.36
Paid ................................. 2.08 1.92 1.75 1.54 1.32
Total Assets ............................... $18,439.7 $17,067.0 $16,303.2 $17,018.0 $16,779.9
Long-Term Debt ........................... 4,393.9 2,276.0 2,594.7 2,298.0 2,733.7
Stockholders’ Equity ........................ 5,223.7 6,097.4 5,558.2 6,629.5 6,766.3
(a) The Corporation’s share of net income includes a gain of approximately $46 million from the sale by Kimberly-Clark de Mexico, S.A.B.
de C.V. of its pulp and paper business.
(b) In accordance with the requirements of Financial Accounting Standards Board Interpretation (“FIN”) 47, Accounting for Conditional
Asset Retirement Obligations, the Corporation recorded a pretax asset retirement obligation of $23.6 million at December 31, 2005. The
cumulative effect on income, net of related income tax effects, of recording the asset retirement obligation was $12.3 million, or $.03 per
share. See Item 8, Note 1 to the Consolidated Financial Statements.
(c) Income statement data present the results of Neenah Paper’s fine and technical papers businesses as discontinued operations since those
businesses were spun-off in 2004.
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