Proctor and Gamble 2012 Annual Report Download - page 6
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Core earnings per share for fi scal year were $., which
is % below the prior-year level. The EPS benefi ts from sales
growth, cost savings and share repurchase this past year were
more than offset by a combination of headwinds from higher raw
material costs, geographic mix, a higher effective core tax rate
and increased investments to support our accelerated portfolio
expansion into developing markets.
Free cash fl ow for the fi scal year was $. billion. Adjusted free
cash fl ow productivity was %, consistent with our target. During
the fi scal year, we returned $ billion of cash to shareholders
through $ billion of dividends and $ billion of share repurchase.
We paid a dividend for the nd consecutive
year, making P&G one of only nine publicly
traded companies headquartered in the U.S.
to have delivered uninterrupted dividends
for years or more.
We also increased the dividend by %. This was the th
consecutive year we have increased the dividend, one of only six
companies to have done this.
Over the last years, P&G has paid out $ billion in dividends.
Excluding $ billion of share repurchase associated with the
Gillette acquisition, we have repurchased $ billion of stock.
In total, through dividends and share repurchase, we have returned
$billion of cash to our shareholders, which is % of reported
net earnings.
Returning capital to shareholders, through
both dividends and share repurchase,
remains a central pillar of our efforts to
create superior shareholder value.
I’m proud of the extraordinary efforts P&G people have made to
keep our Company growing through a very demanding economic
period. We know, however, that we have not delivered suffi cient
growth to rank among the best performers in our industry.
To do this, we must get back on a path toward our long-term
annual objective of high single-digit to low double-digit EPS growth
and total shareholder return in the top third of our competitive
peer group.
/
Innovation that
Sets New Standards
TIDE PODS IS AN EXAMPLE OF P&G innovation
that obsoletes existing products or creates entirely
new product categories. The innovative, three-
chamber, pre-measured packet can simply be dropped
in the wash
—
no measuring, no worrying
—
and it
even dissolves in cold water.
Since launching in the U.S. in February , TidePODS
has had a very strong performance
—
ahead of our
expectations. Since we began shipping PODS, the unit
dose laundry segment has more than doubled to %
of total laundry share
—
and TidePODS is over two-
thirds of this segment.
It’s an innovation that’s making laundry day easier
—
and is saving consumers loads of time.
4 The Procter & Gamble Company