Kraft 2005 Annual Report Download - page 76

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MERRILL CORPORATION FLANGST// 9-MAR-06 02:25 DISK126:[06CHI5.06CHI1135]EA1135A.;8
mrll.fmt Free: 1360D*/4570D Foot: 0D/ 0D VJ RSeq: 1 Clr: 0
DISK024:[PAGER.PSTYLES]UNIVERSAL.BST;51
KRAFT FOODS-FSC CERTIFIED-10K/AR Proj: P1102CHI06 Job: 06CHI1135 File: EA1135A.;8
Merrill Corporation/Chicago (312) 786-6300 Page Dim: 8.250X 10.750Copy Dim: 38. X 54.3
Segment data were as follows:
For the Years Ended
December 31,
2005 2004 2003
(in millions)
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
Europe, Middle East & Africa ........................... 7,999 7,522 7,014
Latin America & Asia Pacific ............................ 2,821 2,586 2,547
Net revenues ..................................... $34,113 $32,168 $30,498
For the Years Ended
December 31,
2005 2004 2003
(in millions)
Earnings from continuing operations before income taxes and
minority interest:
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
Interest and other debt expense, net ....................... (636) (666) (665)
Earnings from continuing operations before income taxes and
minority interest ................................... $ 4,116 $ 3,946 $ 5,195
The Company’s largest customer, Wal-Mart Stores, Inc. and its affiliates, accounted for
approximately 14%, 14% and 12% of consolidated net revenues for 2005, 2004 and 2003, respectively.
These net revenues occurred primarily in the United States and were across all segments.
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6 C Cs: 25347