Whirlpool 2005 Annual Report Download - page 39

(4) Key ratios include charges for restructuring charges, as well as other non-recurring items, which increased
(decreased) operating profit, earnings before tax and net earnings in the following years: 2002 – Accounting
for goodwill under SFAS No. 141 and 142 and impairments of $0, $0, and $(613) million, restructuring charges
$(101) million, $(101) million and $(76) million, discontinued operations and accounting changes of $(19) million,
$(19) million and $(57) million, and a minority investment write-off in a European business of $0, $0 and $(22)
million; 2001 – Restructuring charges of $(150) million, $(150) million and $(110) million, product recalls of $(295)
million, $(295) million and $(181) million, and discontinued operations and accounting changes of $0, $0 and $(13)
million; 1999 – Brazil devaluation of $0, $(158) million and $(60) million; 1998 – Gain from discontinued operations
of $0, $0 and $15 million; 1997 – Restructuring charges of $(343) million, $(343) million and $(213) million.
(5) Earnings from continuing operations before income taxes and other items, as a percent of sales.
(6) Earnings from continuing operations, as a percent of sales.
(7) Net earnings (loss), divided by average stockholders’ equity. Average stockholders’ equity is computed on
a 13-month average beginning in 2001.
(8) Net earnings (loss), divided by average total assets.
(9) Debt divided by debt, stockholders’ equity and minority interests.
(10) Ratio of earnings before interest and income tax expense to interest expense.
(11) Stock appreciation plus reinvested dividends.
2001 2000 1999 1998 1997 1996 1995
$ 10,343 $ 10,325 $ 10,511 $ 10,323 $ 8,617 $ 8,523 $ 8,163
306 807 875 688 11 278 366
93 577 514 564 (171) 100 214
34 367 347 310 (46) 141 195
(21) – – 15 31 15 14
21 367 347 325 (15) 156 209
378 375 437 542 378 336 483
368 371 386 399 322 318 282
113 70 103 102 102 101 100
3,311 3,237 3,177 3,882 4,281 3,812 3,541
3,102 3,303 2,892 3,267 3,676 4,022 3,829
209 (66) 285 615 605 (210) (288)
2,052 2,134 2,178 2,418 2,375 1,798 1,779
6,967 6,902 6,826 7,935 8,270 8,015 7,800
1,295 795 714 1,087 1,074 955 983
1,458 1,684 1,867 2,001 1,771 1,926 1,877
0.51 5.24 4.61 4.09 (0.62) 1.90 2.64
0.50 5.20 4.56 4.06 (0.62) 1.88 2.60
0.31 5.20 4.56 4.25 (0.20) 2.08 2.78
1.36 1.36 1.36 1.36 1.36 1.36 1.36
21.44 23.84 24.55 26.16 23.71 25.93 25.40
73.33 47.69 65.06 55.38 55.00 46.63 53.25
3.0% 7.8% 8.3% 6.7% 0.1% 3.3% 4.5%
0.9% 5.6% 4.9% 5.5% (2.0)% 1.2% 2.6%
0.3% 3.6% 3.3% 3.0% (0.5)% 1.7% 2.4%
1.3% 20.7% 17.9% 17.2% (0.8)% 8.2% 11.6%
0.3% 5.4% 4.7% 4.0% (0.2)% 2.0% 2.9%
1.1 x 1.0 x 1.1 x 1.2 x 1.2 x 0.9 x 0.9 x
48.0% 49.4% 37.7% 43.5% 46.1% 44.2% 45.2%
236.5 x 9.2 x 14.3 x 13.0 x – 22.4 x 19.2 x
1.4 x 4.1 x 4.3 x 3.1 x 0.9 x 2.5 x 3.4 x
68,036 70,637 76,044 76,507 74,697 77,178 76,812
67,215 66,265 74,463 76,089 75,262 74,415 74,081
8,840 11,780 12,531 13,584 10,171 11,033 11,686
61,923 62,527 62,706 59,885 62,419 49,254 46,546
12.2% 0.3% 7.9% (1.2)% 6.8% 6.3% 20.8%