Sunoco 2006 Annual Report Download - page 46

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Consolidated Statements of Income Sunoco, Inc. and Subsidiaries
(Millions of Dollars and Shares, Except Per-Share Amounts)
For the Years Ended December 31 2006 2005 2004
Revenues
Sales and other operating revenue (including consumer excise taxes) $38,636 $33,754 $25,468
Interest income 34 23 10
Other income (loss), net (Notes 2, 3 and 4) 45 (13) 30
38,715 33,764 25,508
Costs and Expenses
Cost of products sold and operating expenses 32,947 28,028 20,734
Consumer excise taxes 2,634 2,588 2,282
Selling, general and administrative expenses 881 946 873
Depreciation, depletion and amortization 459 429 409
Payroll, property and other taxes 125 124 118
Interest cost and debt expense 105 94 108
Interest capitalized (16) (25) (11)
37,135 32,184 24,513
Income before income tax expense 1,580 1,580 995
Income tax expense (Note 4) 601 606 390
Net Income $ 979 $ 974 $ 605
Earnings Per Share of Common Stock (Note 16):
Basic $7.63 $7.13 $4.08
Diluted $7.59 $7.08 $4.04
Weighted-Average Number of Shares Outstanding (Notes 5 and 16):
Basic 128.3 136.6 148.2
Diluted 129.0 137.5 149.8
Cash Dividends Paid Per Share of Common Stock (Note 16) $.95 $.75 $.575
(See Accompanying Notes)
44