Kraft 2009 Annual Report Download - page 189

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Statement Of Income
Statement Of Income
(USD $) (in Millions except Per Share Data)
12 Months Ended
12/31/2009
12 Months Ended
12/31/2008
12 Months Ended
12/31/2007
Net revenues $ 40,386 $ 41,932 $ 35,858
Cost of sales 25,786 28,088 23,656
Gross profit 14,600 13,844 12,202
Marketing, administration and research costs 9,108 8,862 7,587
Asset impairment and exit costs (64) 1,024 440
(Gains) / losses on divestitures, net 6 92 (14)
Amortization of intangibles 26 23 13
Operating income 5,524 3,843 4,176
Interest and other expense, net 1,237 1,240 604
Earnings from continuing operations before income taxes 4,287 2,603 3,572
Provision for income taxes 1,259 755 1,080
Earnings from continuing operations 3,028 1,848 2,492
Earnings and gain from discontinued operations, net of income taxes
(Note 2)
0 1,045 232
Net earnings 3,028 2,893 2,724
Noncontrolling interest 7 9 3
Net earnings attributable to Kraft Foods $ 3,021 $ 2,884 $ 2,721
Per share data:
Basic earnings per share attributable to Kraft Foods:
Continuing operations $ 2.04 $ 1.22 $ 1.56
Discontinued operations $ 0 $ 0.70 $ 0.15
Net earnings attributable to Kraft Foods $ 2.04 $ 1.92 $ 1.71
Diluted earnings per share attributable to Kraft Foods:
Continuing operations $ 2.03 $ 1.21 $ 1.56
Discontinued operations $ 0 $ 0.69 $ 0.14
Net earnings attributable to Kraft Foods $ 2.03 $ 1.90 $ 1.70
Dividends declared $ 1.16 $ 1.12 $ 1.04
Source: KRAFT FOODS INC, 10-K, February 25, 2010 Powered by Morningstar® Document Research