Kraft 2005 Annual Report Download - page 31

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MERRILL CORPORATION ABLIJDE// 7-MAR-06 14:42 DISK126:[06CHI5.06CHI1135]DK1135A.;21
mrll.fmt Free: 1DM/0D Foot: 0D/ 0D VJ Seq: 1 Clr: 0
DISK024:[PAGER.PSTYLES]UNIVERSAL.BST;51
KRAFT FOODS-FSC CERTIFIED-10K/AR Proj: P1102CHI06 Job: 06CHI1135 File: DK1135A.;21
Merrill Corporation/Chicago (312) 786-6300 Page Dim: 8.250X 10.750Copy Dim: 38. X 54.3
Consolidated Operating Results
For the Years Ended
December 31,
2005 2004 2003
(in millions)
Volume (in pounds):
U.S. Beverages .......................................... 3,109 2,968 2,634
U.S. Cheese, Canada & North America Foodservice ................. 4,493 4,527 4,373
U.S. Convenient Meals ..................................... 2,267 2,205 2,171
U.S. Grocery ............................................ 1,709 1,690 1,678
U.S. Snacks & Cereals ..................................... 2,509 2,424 2,389
Total Kraft North America Commercial ......................... 14,087 13,814 13,245
Europe, Middle East & Africa ................................. 2,862 2,915 2,953
Latin America & Asia Pacific ................................. 2,263 2,273 2,295
Total Kraft International Commercial ........................... 5,125 5,188 5,248
Volume (in pounds) .................................... 19,212 19,002 18,493
Net revenues:
U.S. Beverages .......................................... $ 2,852 $ 2,555 $ 2,433
U.S. Cheese, Canada & North America Foodservice ................. 7,774 7,420 6,716
U.S. Convenient Meals ..................................... 4,497 4,250 4,058
U.S. Grocery ............................................ 2,421 2,425 2,388
U.S. Snacks & Cereals ..................................... 5,749 5,410 5,342
Total Kraft North America Commercial ......................... 23,293 22,060 20,937
Europe, Middle East & Africa ................................. 7,999 7,522 7,014
Latin America & Asia Pacific ................................. 2,821 2,586 2,547
Total Kraft International Commercial ........................... 10,820 10,108 9,561
Net revenues ........................................ $34,113 $32,168 $30,498
Operating income:
Operating companies income:
U.S. Beverages .......................................... $ 458 $ 479 $ 630
U.S. Cheese, Canada & North America Foodservice ................. 1,018 989 1,271
U.S. Convenient Meals ..................................... 741 771 817
U.S. Grocery ............................................ 743 894 894
U.S. Snacks & Cereals ..................................... 871 737 1,046
Europe, Middle East & Africa ................................. 798 683 1,002
Latin America & Asia Pacific ................................. 324 250 391
Amortization of intangibles .................................... (10) (11) (9)
General corporate expenses ................................... (191) (180) (182)
Operating income ..................................... $ 4,752 $ 4,612 $ 5,860
For the Years Ended
December 31,
2005 2004 2003
(in millions,
except per share data)
Net Earnings:
Earnings from continuing operations ............................. $ 2,904 $ 2,669 $ 3,379
(Loss) earnings from discontinued operations, net of income taxes ......... (272) (4) 97
Net earnings ............................................. $ 2,632 $ 2,665 $ 3,476
Weighted average shares for diluted earnings per share .............. 1,693 1,714 1,728
Diluted earnings per share:
Continuing operations ..................................... $ 1.72 $ 1.55 $ 1.95
Discontinued operations .................................... (0.17) 0.06
Net earnings ........................................... $ 1.55 $ 1.55 $ 2.01
30
6 C Cs: 29028