Kraft 2002 Annual Report Download - page 49

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45
kraft foods inc. consolidated statements of earnings
(in millions of dollars, except per share data)
For the years ended December 31, 2002 2001 2000
Net revenues $29,723 $29,234 $22,922
Cost of sales 17,720 17,566 13,959
Gross profit 12,003 11,668 8,963
Marketing, administration and research costs 5,709 5,748 4,588
Integration costs and a loss on sale of a food factory 111 82
Separation programs 142
Gains on sales of businesses (80) (8) (172)
Amortization of intangibles 7962 535
Operating income 6,114 4,884 4,012
Interest and other debt expense, net 847 1,437 597
Earnings before income taxes and minority interest 5,267 3,447 3,415
Provision for income taxes 1,869 1,565 1,414
Earnings before minority interest 3,398 1,882 2,001
Minority interest in earnings, net 4
Net earnings $ 3,394 $ 1,882 $ 2,001
Per share data:
Basic earnings per share $1.96 $ 1.17 $ 1.38
Diluted earnings per share $1.96 $ 1.17 $ 1.38
See notes to consolidated financial statements.