Proctor and Gamble 2006 Annual Report Download - page 43

Download and view the complete annual report

Please find page 43 of the 2006 Proctor and Gamble 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 72

  • 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

The Procter &Gamble Company and Subsidiaries 41
See accompanying Notes to Consolidated Financial Statements.
Consolidated Statements of Earnings
Amounts in millions except per share amounts; Years ended June 30 2006 2005 2004
NET SALES $68,222 $56,741 $51,407
Cost of products sold 33,125 27,872 25,143
Selling, general and administrative expense 21,848 18,400 16,882
OPERATING INCOME 13,249 10,469 9,382
Interest expense 1,119 834 629
Other non-operating income, net 283 346 152
EARNINGS BEFORE INCOME TAXES 12,413 9,981 8,905
Income taxes 3,729 3,058 2,749
NET EARNINGS $ 8,684 $6,923 $6,156
BASIC NET EARNINGS PER COMMON SHARE $2.79 $ 2.70 $ 2.34
DILUTED NET EARNINGS PER COMMON SHARE $2.64 $ 2.53 $ 2.20
DIVIDENDS PER COMMON SHARE $1.15 $ 1.03 $ 0.93