Tyson Foods 2002 Annual Report Download - page 51

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notes to
consolidated
financial
statements
p 49
in millions
Prepared
Beef Chicken Pork Foods Other Consolidated
Fiscal year ended September 28, 2002
Sales
$10,488 $7,222 $2,503 $3,072 $ 82 $23,367
Operating income
220 428 25 158 56 887
Other expense
294
Income before income taxes and minority interest
593
Depreciation
80 226 26 48 51 431
Total assets
3,234 4,221 834 1,261 822 10,372
Additions to property, plant and equipment
82 229 19 53 50 433
Fiscal year ended September 29, 2001
Sales $ 2,027 $7,057 $ 619 $ 818 $ 42 $10,563
Operating income (loss) 32 250 27 15 (8) 316
Other expense 151
Income before income taxes and minority interest 165
Depreciation 15 214 5 22 38 294
Total assets 3,203 4,084 944 1,406 995 10,632
Additions to property, plant and equipment 19 176 4 26 36 261
Fiscal year ended September 30, 2000
Sales $ –$6,767 $ 157 $ 292 $ 52 $ 7,268
Operating income –316 23 7 3 349
Other expense 115
Income before income taxes and minority interest 234
Depreciation –209 3 14 31 257
Total assets –4,016 101 180 544 4,841
Additions to property, plant and equipment –139 –8 49 196
The majority of the Company’s operations are domiciled in the United States. Approximately 94.0% of sales to external
customers for fiscal 2002 were sourced from the United States and 97% were sourced from the United States in fiscal years ending
2001 and 2000. Approximately $6.5 billion, $6.6 billion and $3.0 billion of long-lived assets were located in the United States at fiscal
years ended 2002, 2001 and 2000, respectively. Approximately $193 million, $204 million and $74 million of long-lived assets were
located in foreign countries, primarily Mexico and Canada, at fiscal years ended 2002, 2001 and 2000, respectively.
The Company sells certain of its products in foreign markets, primarily Canada, China, European Union, Japan, Mexico, Puerto Rico,
Russia, Taiwan and South Korea. The Company’s export sales for 2002, 2001 and 2000 totaled $2.0 billion, $1.2 billion and $550 million,
respectively. Substantially all of the Company’s export sales are transacted through unaffiliated brokers, marketing associations and
foreign sales staffs. Foreign sales were less than 10% of total consolidated sales for 2002, 2001 and 2000, respectively.
Tyson Foods, Inc. 2002 annual report