Tyson Foods 2002 Annual Report Download - page 4

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p 2
2002 Financial Highlights
Tyson Foods, Inc. 2002 Annual Report
in millions, except per share data
2002 2001 2000
Sales* $23,367 $10,563 $7,268
Gross profit* 1,817 903 815
Operating income 887 316 349
Income before income taxes and minority interest 593 165 234
Provision for income taxes 210 58 83
Net income 383 88 151
Diluted earnings per share 1.08 0.40 0.67
Shareholders’ equity 3,662 3,354 2,175
Book value per share 10.37 9.61 9.67
Total assets 10,372 10,632 4,841
Depreciation and amortization 467 335 294
Total debt 3,987 4,776 1,542
Cash provided by operating activities 1,174 511 587
Capital expenditures $ 433 $ 261 $ 196
Shares outstanding 353 349 225
Diluted average shares outstanding 355 222 226
7.3
10.6
23.4
0.74
0.47
1.08
587
511
1,174
2000 2001 2002 2000 2001 2002 2000 2001 2002
0.40
0.67
sales
dollars in billions
diluted
earnings
per share
dollars
cash
provided by
operating
activities
dollars in millions
*Sales and gross profit have been reclassified to account for EITF 00-14,
“
Accounting for Certain Sales Incentives,” and EITF 00-25,
“
Vendor
Income Statement Characterization of Consideration Paid to a Reseller of the Vendor’s Products.”
before pretax and non-recurring charges of $26 million and $24 million in 2001 and 2000, respectively