Occidental Petroleum 2012 Annual Report Download - page 43
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Please find page 43 of the 2012 Occidental Petroleum 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.Consolidated Statements of Income
For the years ended December 31,
2011
2010
Net sales
$23,939
$19,045
Interest, dividends and other income
180
112
24,119
19,157
Cost of sales (excludes depreciation, depletion and amortization of $4,504 in 2012, $3,584 in 2011 and $3,145
in 2010)
7,385
6,112
Selling, general and administrative and other operating expenses
1,523
1,396
Depreciation, depletion and amortization
3,591
3,153
Asset impairments and related items
—
275
Taxes other than on income
605
484
Exploration expense
258
262
Interest and debt expense, net
298
116
13,660
11,798
10,459
7,359
Provision for domestic and foreign income taxes
(4,201)
(2,995)
Income from equity investments
382
277
6,640
4,641
Discontinued operations, net
131
(39)
6,771
4,602
Less: Net income attributable to noncontrolling interest
—
(72)
$6,771
$4,530
Income from continuing operations
$8.16
$5.62
Discontinued operations, net
0.16
(0.05)
$8.32
$5.57
Income from continuing operations
$8.16
$5.61
Discontinued operations, net
0.16
(0.05)
$8.32
$5.56
$1.84
$1.47
The accompanying notes are an integral part of these consolidated financial statements.