Kraft 2001 Annual Report Download - page 46

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Kraft Foods Inc.
40
(in millions of dollars, except per share data)
For the years ended December 31, 2001 2000 1999
Operating revenues $33,875 $26,532 $26,797
Cost of sales 17,531 13,917 14,573
Gross profit 16,344 12,615 12,224
Marketing, administration and research costs 10,498 8,068 8,106
Amortization of goodwill and other intangible assets 962 535 539
Operating income 4,884 4,012 3,579
Interest and other debt expense, net 1,437 597 539
Earnings before income taxes 3,447 3,415 3,040
Provision for income taxes 1,565 1,414 1,287
Net earnings $ 1,882 $ 2,001 $ 1,753
Per share data:
Basic earnings per share $1.17 $ 1.38 $ 1.20
Diluted earnings per share $1.17 $ 1.38 $ 1.20
See notes to consolidated financial statements.
Consolidated Statements of Earnings