Mercedes 2001 Annual Report Download - page 126

122 Six-Year Summary
Six-Year Summary
1) Excluding one-time positive tax effects, especially due to extra distribution of €10.23 per share.
2) For our stockholders who are taxable in Germany. There is no tax credit from 2001 due to a change in the corporate income tax system.
1997 1998 1999 2000Amounts in millions of € 20011996
From the statements of income:
Revenues 101,415 117,572 131,782 149,985 162,384 152,873
Personnel expenses 21,648 23,370 25,033 26,158 26,500 25,095
of which: Wages and salaries 17,143 18,656 19,982 21,044 21,836 20,073
Research and development costs 5,751 6,501 6,693 7,575 7,395 6,008
Operating profit (loss) 6,212 6,230 8,593 11,012 9,752 (1,318)
Operating margin 6.1% 5.3% 6.5% 7.3% 6.0% (0.9%)
Financial results 408 633 763 333 156 154
Income (loss) before income taxes and extraordinary items 5,693 6,145 8,093 9,657 4,476 (1,483)
Net operating income – 4,946 6,359 7,032 4,383 1,647
Net operating income as % of net assets (RONA) – 10.9% 12.7% 13.2% 7.4% 2.5%
Net income (loss) 4,022 6,547 4,820 5,746 7,894 (662)
Net income (loss) per share (€)4.09 4.281) 5.03 5.73 7.87 (0.66)
Diluted net income (loss) per share (€)4.05 4.211) 4.91 5.69 7.80 (0.66)
Net income per share (excluding one-time effects) (€)4.24 4.28 5.58 6.21 3.47 0.73
Diluted net income per share (excluding one-time effects) (€)4.20 4.21 5.45 6.16 3.45 0.73
Cash dividend – – 2,356 2,358 2,358 1,003
Cash dividend per share (€)– – 2.35 2.35 2.35 1.00
Cash dividend including tax credit2) per share (€)– – 3.36 3.36 3.36 –
From the balance sheets:
Property, plant and equipment 23,111 28,558 29,532 36,434 40,145 41,165
Leased equipment 7,905 11,092 14,662 27,249 33,714 36,002
Current assets 54,888 68,244 75,393 93,199 99,852 103,389
of which: Liquid assets 12,851 17,325 19,073 18,201 12,510 14,525
Total assets 101,294 124,831 136,149 174,667 199,274 207,410
Stockholders’ equity 22,355 27,960 30,367 36,060 42,409 39,004
of which: Capital stock 2,444 2,391 2,561 2,565 2,609 2,609
Accrued liabilities 31,988 35,787 34,629 37,695 36,441 41,570
Liabilities 41,672 54,313 62,527 90,560 109,661 115,327
of which: Financial liabilities 25,496 34,375 40,430 64,488 84,783 90,908
Debt-to-equity ratio 114% 123% 133% 179% 200% 233%
Mid- and long-term provisions and liabilities 36,989 45,953 47,601 55,291 75,349 87,532
Short-term provisions and liabilities 41,950 50,918 58,181 83,315 81,516 80,874
Current ratio – 85% 79% 66% 67% 64%
Net assets (average of the year) – 45,252 50,062 53,174 59,489 65,882
Credit rating, long-term
Standard & Poor’s – – A + A + A BBB+
Moody’s – –A 1A 1A 2A3
From the statements of cash flows:
Investments in property, plant and equipment 6,721 8,051 8,155 9,470 10,392 8,896
Investments in leased equipment 4,891 7,225 10,245 19,336 19,117 17,951
Depreciation on property, plant and equipment 4,427 5,683 4,937 5,655 6,645 7,580
Depreciation on leased equipment 1,159 1,456 1,972 3,315 6,487 7, 254
Cash provided by operating activities 9,956 12,337 16,681 18,023 16,017 15,944
Cash used for investing activities (8,745) (14,530) (23,445) (32,110) (32,709) (13,287)
From the stock exchanges:
Share price at year-end Frankfurt (€)–– 83.60 77.00 44.74 48.35
New York (US $) – – 96.06 78.25 41.20 41. 67
Average shares outstanding (in millions) 981.6 949.3 959.3 1,002.9 1,003.2 1,003.2
Average dilutive shares outstanding (in millions) 994.0 968.2 987.1 1,013.6 1,013.9 1,003.2
Average annual number of employees 419,758 421,661 433,939 463,561 449,594 379,544