Whirlpool 2005 Annual Report Download - page 31

Download and view the complete annual report

Please find page 31 of the 2005 Whirlpool annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 42

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42

Whirlpool Corporation 27
Year Ended December 31 (millions of dollars except per share data) 2005 2004 2003
Net sales $ 14,317 $ 13,220 $ 12,176
Expenses
Cost of products sold 11,269 10,358 9,423
Selling, general and administrative 2,199 2,089 1,920
Restructuring costs 57 15 3
Operating profit 792 758 830
Other income (expense)
Interest and sundry income (expense) (65) (14) (41)
Interest expense (130) (128) (137)
Earnings before income taxes and other items 597 616 652
Income taxes 171 209 228
Earnings before equity earnings and minority interests 426 407 424
Equity in income (loss) of affiliated companies 1 (1) –
Minority interests (5) – (10)
Net earnings $ 422 $ 406 $ 414
Per share of common stock:
Basic net earnings $ 6.30 $ 6.02 $ 6.03
Diluted net earnings $ 6.19 $ 5.90 $ 5.91
Dividends $ 1.72 $ 1.72 $ 1.36
Weighted-average shares outstanding (millions):
Basic 67.1 67.4 68.7
Diluted 68.3 68.9 70.1
Consolidated Condensed Statements of Operations