Kodak 2001 Annual Report Download - page 52

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50
For the Year Ended December 31
(in millions, except per share data) 2001 2000 1999
Net sales $13,234 $13,994 $ 14,089
Cost of goods sold 8,670 8,375 8,086
Gross profit 4,564 5,619 6,003
Selling, general and administrative expenses 2,627 2,514 2,701
Research and development costs 779 784 817
Goodwill amortization 154 151 145
Restructuring costs (credits) and other 659 (44) 350
Earnings from operations 345 2,214 1,990
Interest expense 219 178 142
Other income (charges) (18) 96 261
Earnings before income taxes 108 2,132 2,109
Provision for income taxes 32 725 717
Net Earnings $76 $1,407 $ 1,392
Basic earnings per share $.26 $4.62 $ 4.38
Diluted earnings per share $.26 $4.59 $ 4.33
Earnings used in basic and diluted earnings per share $76 $1,407 $ 1,392
Number of common shares used in basic earnings per share 290.6 304.9 318.0
Incremental shares from assumed conversion of options 0.4 1.7 3.5
Number of common shares used in diluted earnings per share 291.0 306.6 321.5
Cash dividends per share $2.21 $1.76 $ 1.76
The accompanying notes are an integral part of these consolidated financial statements.
Eastman Kodak Company and Subsidiary Companies
Consolidated Statement of Earnings