Sunoco 2009 Annual Report Download - page 72
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Sunoco, Inc. and Subsidiaries
Consolidated Statements of Operations
(Millions of Dollars and Shares, Except Per-Share Amounts)
For the Years Ended December 31
2009 2008* 2007*
Revenues
Sales and other operating revenue (including consumer
excise taxes) ............................................. $31,191 $50,983 $42,295
Interest income ............................................. 5 17 25
Gain related to issuance of Sunoco Logistics Partners L.P.
limited partnership units (Note 15) ............................ — 23 151
Other income, net (Notes 2 and 3) .............................. 116 53 98
31,312 51,076 42,569
Costs and Expenses
Cost of products sold and operating expenses .................... 27,364 45,687 37,056
Consumer excise taxes ....................................... 2,387 2,439 2,568
Selling, general and administrative expenses ..................... 699 834 880
Depreciation, depletion and amortization ......................... 521 499 468
Payroll, property and other taxes ............................... 143 144 131
Provision for asset write-downs and other matters (Note 2) .......... 693 68 53
Interest cost and debt expense ................................. 145 111 127
Interest capitalized ........................................... (39) (39) (26)
31,913 49,743 41,257
Income (loss) from continuing operations before income tax
expense (benefit) .......................................... (601) 1,333 1,312
Income tax expense (benefit)(Note 4) ........................... (360) 416 450
Income (loss) from continuing operations ........................ (241) 917 862
Income (loss) from discontinued operations, net of income taxes ..... 41 (28) 99
Net income (loss) ............................................ (200) 889 961
Less: Net income attributable to noncontrolling interests ............ 129 113 70
Net income (loss) attributable to Sunoco, Inc. shareholders ......... $ (329) $ 776 $ 891
Earnings (loss) attributable to Sunoco, Inc. shareholders per share
of common stock (Note 16):
Basic:
Income (loss) from continuing operations .................... $(3.16) $6.87 $6.62
Income (loss) from discontinued operations .................. .35 (.24) .82
Net income (loss) ........................................ $(2.81) $6.63 $7.44
Diluted:
Income (loss) from continuing operations .................... $(3.16) $6.87 $6.60
Income (loss) from discontinued operations .................. .35 (.24) .83
Net income (loss) ........................................ $(2.81) $6.63 $7.43
Weighted-average number of shares outstanding (Notes 5 and 16):
Basic .................................................... 116.9 117.0 119.7
Diluted ................................................... 116.9 117.1 120.0
Cash dividends paid per share of common stock (Note 16) .......... $1.20 $1.175 $1.075
*Reclassified to conform to 2009 presentation (Notes 1 and 2).
(See Accompanying Notes)
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