Kraft 2003 Annual Report Download - page 41

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39
Kraft Foods Inc. Selected Financial Data
—
Five-Year Review
(in millions of dollars, except per share data)
2003 2002 2001 2000 1999
Summary of Operations:
Net revenues $31,010 $29,723 $29,234 $22,922 $23,430
Cost of sales 18,828 17,720 17,566 13,959 14,615
Operating income 6,011 6,114 4,884 4,012 3,579
Interest and other debt expense, net 665 847 1,437 597 539
Earnings before income taxes and minority interest 5,346 5,267 3,447 3,415 3,040
Pre-tax profit margin 17.2% 17.7% 11.8% 14.9% 13.0%
Provision for income taxes 1,866 1,869 1,565 1,414 1,287
Net earnings 3,476 3,394 1,882 2,001 1,753
Basic EPS 2.01 1.96 1.17 1.38 1.20
Diluted EPS 2.01 1.96 1.17 1.38 1.20
Dividends declared per share 0.66 0.56 0.26
——
Weighted average shares (millions)—Basic 1,727 1,734 1,610 1,455 1,455
Weighted average shares (millions)—Diluted 1,728 1,736 1,610 1,455 1,455
Capital expenditures 1,085 1,184 1,101 906 860
Depreciation 804 709 680 499 491
Property, plant and equipment, net 10,155 9,559 9,109 9,405 6,526
Inventories 3,343 3,382 3,026 3,041 2,563
Total assets 59,285 57,100 55,798 52,071 30,336
Long-term debt 11,591 10,416 8,134 2,695 433
Notes payable to Altria Group, Inc. and affiliates —2,560 5,000 21,407 6,602
Total debt 13,462 14,443 16,007 25,826 7,828
To tal deferred income taxes 5,175 4,917 4,565 942 789
Shareholders’ equity 28,530 25,832 23,478 14,048 13,461
Common dividends declared as a % of Basic EPS 32.8% 28.6% 22.2%
——
Common dividends declared as a % of Diluted EPS 32.8% 28.6% 22.2%
——
Book value per common share outstanding 16.57 14.92 13.53 9.65 9.25
Market price per Class A common share—high/low 39.40-26.35 43.95-32.50 35.57-29.50
——
Closing price of Class A common share at year end 32.22 38.93 34.03
——
Price/earnings ratio at year end—Basic 16 20 29
——
Price/earnings ratio at year end—Diluted 16 20 29
——
Number of common shares outstanding at
year end (millions) 1,722 1,731 1,735 1,455 1,455
Number of employees 106,000 109,000 114,000 117,000 71,000