Louis Vuitton 2004 Annual Report Download - page 11

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LVMH annual report 2004
9
DIVIDEND PER SHARE
(EUR)
CASH FLOW
FROM OPERATIONS
(EUR million)
CAPITAL
EXPENDITURES(1)
(EUR million)
(EUR million and %) 2002 2003 2004
Stockholders’equity(2) 8 842 8 769 9 175
Net financial debt
to equity ratio 73 % 62 % 55 %
Net financial debt
to adjusted equity(3) 69 % 57 % 50 %
(2) Includes minority interests.
(3) After deduction of the market value of the equity in Bouygues.
NET INCOME BEFORE
AMORTIZATION
OF GOODWILL
(EUR million)
NET INCOME
(EUR million)
EARNINGS PER SHARE
BEFORE AMORTIZATION
OF GOODWILL
(EUR)
(1) Acquisitions of intangible and tangible long-term assets.
556 723 1,010
2002 2003 2004
1.67 2.09 2.64
2002 2003 2004
0.80 0.85 0.95
2002 2003 2004
1,518 1,949 2,137
2002 2003 2004
559 578 628
2002 2003 2004