Kimberly-Clark 2007 Annual Report Download - page 60

Download and view the complete annual report

Please find page 60 of the 2007 Kimberly-Clark 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 123

  • 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
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123

PART II
(Continued)
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENT
Year Ended December 31
2007 2006 2005
(Millions of dollars, except
per share amounts)
Net Sales ..................................................... $18,266.0 $16,746.9 $15,902.6
Cost of products sold ........................................ 12,562.1 11,664.8 10,827.4
Gross Profit .................................................. 5,703.9 5,082.1 5,075.2
Marketing, research and general expenses ....................... 3,105.9 2,948.3 2,737.4
Other (income) and expense, net ............................... (18.4) 32.3 27.2
Operating Profit .............................................. 2,616.4 2,101.5 2,310.6
Nonoperating expense ....................................... (66.9) (65.5) (179.0)
Interest income ............................................ 32.8 29.2 27.5
Interest expense ............................................ (264.8) (220.3) (190.2)
Income Before Income Taxes, Equity Interests and Cumulative Effect
of Accounting Change ........................................ 2,317.5 1,844.9 1,968.9
Provision for income taxes ................................... (536.5) (469.2) (438.4)
Share of net income of equity companies ........................ 170.0 218.6 136.6
Minority owners’ share of subsidiaries’ net income ................ (128.1) (94.8) (86.5)
Income Before Cumulative Effect of Accounting Change ............. 1,822.9 1,499.5 1,580.6
Cumulative effect of accounting change, net of income taxes ........ —— (12.3)
Net Income ................................................... $ 1,822.9 $ 1,499.5 $ 1,568.3
Per Share Basis
Basic
Income before cumulative effect of accounting change ......... $ 4.13 $ 3.27 $ 3.33
Cumulative effect of accounting change ..................... —— (.03)
Net income ............................................... $ 4.13 $ 3.27 $ 3.30
Diluted
Income before cumulative effect of accounting change ......... $ 4.09 $ 3.25 $ 3.31
Cumulative effect of accounting change ..................... —— (.03)
Net income ............................................... $ 4.09 $ 3.25 $ 3.28
See Notes to Consolidated Financial Statements.
40