Tyson Foods 2005 Annual Report Download - page 2

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CONTENTS
02 Letter to Shareholders
06 Our Core Values Tyson Core
Values are our guiding principles.
They reflect who we are and our
responsibilities beyond the
business of producing food.
12 Value-Added Products In 2005,
Tyson Foods focused on market
share growth, execution and
market penetration of value-
added food products.
14 Operational Efficiencies Tyson
Foods is building capacity to
manufacture cost-effective,
value-added chicken, beef and
pork products.
16 International Growth Tyson Foods’
international strategy is to support
our global customers’ growth,
diversify sales in all markets and
increase in-country production.
18 Financial Contents
2005 FINANCIAL HIGHLIGHTS
TYSON FOODS, INC. 2005 ANNUAL REPORT
in millions, except per share data 2005 2004 2003
Sales $26,014 $26,441 $24,549
Gross profit 1,740 1,891 1,744
Operating income 765 925 837
Income before income taxes 528 635 523
Provision for income taxes 175 232 186
Net income 353 403 337
Diluted earnings per share 0.99 1.13 0.96
Shareholders’ equity 4,652 4,292 3,954
Book value per share 13.13 12.19 11.21
Total assets 10,504 10,464 10,486
Depreciation and amortization 501 490 458
Total debt 2,995 3,362 3,604
Cash provided by operating activities 999 932 820
Capital expenditures $ 571 $ 486 $ 402
Year end shares outstanding 355 353 353
Diluted average shares outstanding 357 357 352
Tyson Foods, Inc., founded in 1935 with
headquarters in Springdale, Arkansas, is the
world’s largest processor and marketer of
chicken, beef and pork and the second-
largest food company in the Fortune 500. The
Company produces a wide variety of protein-
based and prepared food products, which are
marketed under the “Powered by Tyson™”
strategy. Tyson is the recognized market leader
in the retail and foodservice markets it serves,
providing products and service to customers
throughout the United States and more than
80 countries. Tyson has approximately 114,000
Team Members employed at more than 300
facilities and offices in the United States and
around the world.
Our vision is to be the world's first choice
for protein solutions while maximizing
shareholder value.
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