Kraft 2006 Annual Report Download - page 38

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Consolidated Operating Results
For the Years Ended
December 31,
2006
2005
2004
(in millions)
Volume (in pounds):
North America Beverages 3,102 3,328 3,191
North America Cheese & Foodservice 3,072 3,227 3,231
North America Convenient Meals 2,409 2,398 2,331
North America Grocery 1,881 2,398 2,413
North America Snacks & Cereals 2,643 2,736 2,648
European Union 2,291 2,246 2,333
Developing Markets, Oceania & North Asia 2,853 2,879 2,855
Volume (in pounds) 18,251 19,212 19,002
Net revenues:
North America Beverages $ 3,088 $ 3,056 $ 2,742
North America Cheese & Foodservice 6,078 6,244 6,021
North America Convenient Meals 4,863 4,719 4,445
North America Grocery 2,731 3,024 3,009
North America Snacks & Cereals 6,358 6,250 5,843
European Union 6,672 6,714 6,504
Developing Markets, Oceania & North Asia 4,566 4,106 3,604
Net revenues $ 34,356 $ 34,113 $ 32,168
Operating income:
Operating companies income:
North America Beverages $ 205 $ 463 $ 469
North America Cheese & Foodservice 886 921 793
North America Convenient Meals 914 793 800
North America Grocery 919 724 1,023
North America Snacks & Cereals 829 930 785
European Union 548 722 690
Developing Markets, Oceania & North Asia 416 400 243
Amortization of intangibles (7) (10) (11)
General corporate expenses (184) (191) (180)
Operating income $ 4,526 $ 4,752 $ 4,612
Net Earnings:
Earnings from continuing operations $ 3,060 $ 2,904 $ 2,669
Loss from discontinued operations, net of income taxes (272) (4)
Net earnings $ 3,060 $ 2,632 $ 2,665
Weighted average shares for diluted earnings per share 1,655 1,693 1,714
Diluted earnings per share:
Continuing operations $ 1.85 $ 1.72 $ 1.55
Discontinued operations (0.17)
Net earnings $ 1.85 $ 1.55 $ 1.55
34
Source: KRAFT FOODS INC, 10-K, March 01, 2007