Sara Lee 2009 Annual Report Download - page 2

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Financial highlights
Dollars in millions except per share data Years ended June 27, 2009 1June 28, 2008 1% Change
Results of Operations
Continuing operations
Net sales $12,881 $13,212 (2.5)
Income before income taxes 588 160 NM
Income (loss) 364 (41) NM
Income (loss) per share of common stock – diluted 0.52 (0.06) NM
Income (loss) from discontinued operations – (14) NM
Gain (loss) on sale of discontinued operations – (24) NM
Net income (loss) 364 (79) NM
Net income (loss) per share of common stock – diluted 0.52 (0.11) NM
Other Information2
Net cash from operating activities 900 596 51.1
Total media advertising and promotion expense 503 594 (15.4)
Depreciation 383 398 (3.7)
Capital expenditures 379 509 (25.6)
Annualized dividends per share of common stock30.44 0.42 4.8
1See Financial Review and Notes to Financial Statements regarding the exit activities, asset and business dispositions,
impairment charges, transformation charges and Project Accelerate charges included in these reported results.
2Financial amounts include results for businesses reported in continuing operations.
3Represents the dividend declared in the fourth quarter, annualized for the year.
Contents
2Letter to stockholders
4Coffee, now
6Meat, now
8Bakery, now
10 Operational excellence, now
12 Household and body care, now
14 Financial section
88 Directors and senior corporate officers
89 Investor information
Mission
To simply delight you… every day
Vision
To be the first choice of consumers
and customers around the world by
bringing together innovative ideas,
continuous improvement and
people who make things happen
Values
Act with integrity
Use imagination
Be inclusive
Work as a team
Have passion to excel
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