Sunoco 2003 Annual Report Download - page 42

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Consolidated Statements of Operations Sunoco, Inc. and Subsidiaries
(Millions of Dollars and Shares Except Per Share Amounts)
For the Years Ended December 31 2003 2002 2001
Revenues
Sales and other operating revenue (including consumer excise taxes) $17,866 $14,299 $14,063
Interest income 979
Other income (Note 2) 54 78 71
17,929 14,384 14,143
Costs and Expenses
Cost of products sold and operating expenses 14,087 11,430 10,699
Consumer excise taxes 1,999 1,834 1,741
Selling, general and administrative expenses 742 622 583
Depreciation, depletion and amortization 363 329 321
Payroll, property and other taxes 104 100 103
Provision for write-down of assets and other matters (Note 3) 28 34 6
Interest cost and debt expense 114 111 103
Interest capitalized (3) (3) —
17,434 14,457 13,556
Income (loss) before income tax expense (benefit) 495 (73) 587
Income tax expense (benefit) (Note 4) 183 (26) 189
Net Income (Loss) $ 312 $ (47) $ 398
Earnings (Loss) Per Share of Common Stock:
Basic $4.07 $(.62) $4.92
Diluted $4.03 $(.62) $4.85
Weighted Average Number of Shares Outstanding (Note 5):
Basic 76.7 76.2 80.9
Diluted 77.5 76.2 82.0
Cash Dividends Paid Per Share of Common Stock (Note 14) $1.025 $1.00 $1.00
(See Accompanying Notes)
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