Mercedes 1999 Annual Report Download - page 78

Download and view the complete annual report

Please find page 78 of the 1999 Mercedes annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 126

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126

DFSGSDFGCONSOLIDATED STATEMENTS OF INCOME
72
CONSOLIDATED STATEMENTS OF INCOME
The accompanying notes are an integral part of these Consolidated Financial Statements.
All 1998 and 1997 balances have been restated from Deutsche Marks into euros using the Official Fixed Conversion Rate.
1) Reflects the tax benefit relating to a special distribution (see Note 20).
2) Includes non-recurring tax benefits of €1,003 relating to the decrease
in the deferred tax asset valuation allowance as of December 31, 1997,
applied to the domestic operations that file a combined tax return.
3) Excluding non-recurring tax benefits, 1997 net income would have
been €4,057 and basic and diluted earnings per share would have
been €4.28 and €4.21, respectively.
30 151,035 149,985 131,782 117,572
5 (119,046) (118,219) (103,666) (92,879)
31,989 31,766 28,116 24,693
5 (17,655) (17,532) (16,229) (15,621)
(5,777) (5,737) (4,971) (4,408)
6 832 827 1,099 848
1 – – (685) –
9,389 9,324 7,330 5,512
7 335 333 763 633
9,724 9,657 8,093 6,145
(818) (812) – –
–––1,487
1)
(3,747) (3,721) (3,014) (970)2)
8 (4,565) (4,533) (3,014) 517
(18) (18) (130) (115)
5,141 5,106 4,949 6,547
9
664 659 – –
(20) (19) (129) –
5,785 5,746 4,820 6,5473)
31
5.13 5.09 5.16 6.903)
0.64 0.64 (0.13) –
5.77 5.73 5.03 6.903)
5.10 5.06 5.04 6.783)
0.63 0.63 (0.13) –
5.73 5.69 4.91 6.783)
(in millions, except per share amounts)
Revenues
Cost of sales
Gross margin
Selling, administrative and other expenses
Research and development
Other income
Merger costs
Income before financial income, income taxes and
extraordinary items
Financial income, net
Income before income taxes and extraordinary items
Effects of changes in 1999 German tax law
Tax benefit relating to a special distribution
Income taxes
Total income taxes
Minority interests
Income before extraordinary items
Extraordinary items:
Gains on disposals of a business, net of taxes
Losses on early extinguishment of debt, net of taxes
Net income
Earnings per share
Basic earnings per share
Income before extraordinary items
Extraordinary items
Net income
Diluted earnings per share
Income before extraordinary items
Extraordinary items
Net income
Consolidated
Year ended December 31,
Note 99
(Note 1)
$
99
€
98
€
97
€