PACCAR 2009 Annual Report Download - page 42

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PACCAR Inc and Subsidiaries
39
Year Ended December 31 2009 2008 2007
(millions except per share data)
TRUCK AND OTHER:
Net sales and revenues $ 7,076.7 $13,709.6 $14,030.4
Cost of sales and revenues 6,483.4 11,736.9 11,917.3
Research and development 199.2 341.8 255.5
Selling, general and administrative 348.4 470.2 491.4
Curtailment gain (66.0)
Interest and other expense (income), net 43.6 (1.8) (18.6)
7,008.6 12,547.1 12,645.6
Truck and Other Income Before Income Taxes 68.1 1,162.5 1,384.8
FINANCIAL SERVICES:
Interest and fees 501.8 683.4 672.8
Operating lease, rental and other income 508.0 579.5 518.5
Revenues 1,009.8 1,262.9 1,191.3
Interest and other borrowing expenses 291.8 394.1 391.2
Depreciation and other 442.5 437.8 364.1
Selling, general and administrative 86.5 111.2 110.9
Provision for losses on receivables 104.4 102.9 41.0
925.2 1,046.0 907.2
Financial Services Income Before Income Taxes 84.6 216.9 284.1
Investment income 22.3 84.6 95.4
Total Income Before Income Taxes 175.0 1,464.0 1,764.3
Income taxes 63.1 446.1 537.0
Net Income $ 111.9 $ 1,017.9 $ 1,227.3
Net Income Per Share
Basic $ .31 $ 2.79 $ 3.31
Diluted $ .31 $ 2.78 $ 3.29
Weighted average number of common shares outstanding
Basic 363.8 364.2 371.1
Diluted 364.9 365.9 373.3
See notes to consolidated financial statements.
CONSOLIDATED STATEMENTS OF INCOME