Kodak 2000 Annual Report Download - page 28

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(Dollar amounts and shares in millions, except per share data) 2 0 0 0( 1 ) 1 9 9 9( 2 )
Stock price per share at year end $3 9 . 3 8 $6 6 . 2 5
S a l e s $1 3 , 9 9 4 $1 4 , 0 8 9
E a rnings from operations $2 , 2 1 4 $1 , 9 9 0
Net earn i n g s $1 , 4 0 7 $1 , 3 9 2
Basic earnings per share $4 . 6 2 $4 . 3 8
Diluted earnings per share $4 . 5 9 $4 . 3 3
Cash dividends declare d $5 3 3 $5 6 0
—per common share $1 . 7 6 $1 . 7 6
Average number of common shares outstanding 3 0 4 . 9 3 1 8 . 0
S h a reholders at year end 1 1 3 , 3 0 8 1 3 1 , 7 1 9
Total shareholders’ equity $3 , 4 2 8 $3 , 9 1 2
Additions to pro p e rt i e s $9 4 5 $1 , 1 2 7
D e p re c i a t i o n $7 3 8 $7 7 3
Wages, salaries and employee benefits $3 , 7 2 6 $3 , 9 6 2
Employees at year end
—in the U.S. 4 3 , 2 0 0 4 3 , 3 0 0
— w o r l d w i d e 7 8 , 4 0 0 8 0 , 6 5 0
( 1 )Results for the year included charges related to the sale and exit of a manufacturing facility of $50 million, which reduced net earnings by $33 million. Excluding this
item, net earnings were $1,44 0 million. Basic and dilute d earnings per share were $4.73 and $4.70, re s p e c t i v e l y.
( 2 ) Results for the year included $350 million of re s t ructuring charges, which reduced net earnings by $231 million, and an additional $11 million of charges related to this re s t ru c-
turing program, which reduced net earnings by $7 million; $103 million of charges associated with business exits, which reduced net earnings by $68 million; a gain of $95 mil-
lion on the sale of The Image Bank, which increased net earnings by $63 million; and a gain of $25 million on the sale of the Motion Analysis Systems Division, which incre a s e d
net earnings by $16 million. Excluding these items, net earnings were $1,619 million. Basic and diluted earnings per share were $5.09 and $5.03, re s p e c t i v e l y.
Financial Highlights