Whirlpool 2012 Annual Report Download - page 42

Download and view the complete annual report

Please find page 42 of the 2012 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 46

  • 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
  • 43
  • 44
  • 45
  • 46

40
WHIRLPOOL CORPORATION
Five-Year Selected Financial Data
(Millions of dollars, except share and employee data)
2012 2011 2010 2009 2008
Consolidated Operations
Net sales $ 18,1 43 $ 18,666 $ 18,3 66 $ 17,099 $ 18 ,907
Restructuring costs 237 136 74 126 149
Depreciation and amortization(1) 551 558 555 525 597
Operating profit 869 792 1,008 688 549
Earnings (loss) before income taxes and other items 558 (28)586 293 246
Net earnings 425 408 650 354 447
Net earnings available to Whirlpool 401 390 619 328 418
Capital expenditures 476 608 593 541 547
Dividends 155 148 132 128 128
Consolidated Financial Position
Current assets $ 6,827 $ 6,422 $ 7,315 $ 7,025 $ 6,044
Current liabilities 6,510 6,297 6,149 5,941 5,563
Accounts receivable, inventories and accounts payable, net 694 947 1,410 1,389 1,889
Property, net 3,034 3,102 3,134 3,117 2,985
Total assets 15,396 15,181 15,584 15,094 13,532
Long-term debt 1,944 2,129 2,195 2,502 2,002
Total debt(2) 2,461 2,491 2,509 2,903 2,597
Whirlpool stockholders’ equity 4,260 4,181 4,226 3,664 3,006
Per Share Data
Basic net earnings available to Whirlpool $ 5.14 $ 5.07 $ 8.12 $ 4.39 $ 5.57
Diluted net earnings available to Whirlpool 5.06 4.99 7.97 4.34 5.50
Dividends 2.00 1.93 1.72 1.72 1.72
Book value(3) 53.70 53.50 54.48 48.48 39.54
Closing Stock Price—NYSE 101.75 47.45 88.83 80.66 41.35
Key Ratios
Operating profit margin 4.8%4.2%5.5%4.0%2.9%
Pre-tax margin(4) 3.1%(0.2)% 3.2%1.7%1.3%
Net margin(5) 2.2%2.1%3.4%1.9%2.2%
Return on average Whirlpool stockholders’ equity(6) 9.5%9.3%15.7%9.8%10.7%
Return on average total assets(7) 2.6%2.5%4.0%2.3%3.0%
Current assets to current liabilities 1.0 1.0 1.2 1.2 1.1
Total debt as a percent of invested capital(8) 36.0%36.8%36.7%43.6%46.0%
Price earnings ratio(9) 20.1 9.5 11.2 18.6 7.5
Other Data
Common shares outstanding (in thousands):
Average number—on a diluted basis 79,337 78,143 77,628 75,584 76,019
Year-end common shares outstanding 78,407 76,451 76,030 74,704 73,536
Year-end number of stockholders 12,759 13,527 14,080 14,930 14,515
Year-end number of employees 68,000 68,000 71,000 67,000 70,000
Five-year annualized total return to stockholders(10) 7.6%(8.1)% 3.8%5.8%(8.5)%
(1) Depreciation method changed prospectively from a straight-line method to a modified units of production method in 2009.
(2) Total debt includes notes payable and current and long-term debt.
(3) Total Whirlpool stockholders’ equity divided by average number of shares on a diluted basis.
(4) Earnings (loss) before income taxes, as a percent of net sales.
(5) Net earnings available to Whirlpool, as a percent of net sales.
(6) Net earnings available to Whirlpool, divided by average Whirlpool stockholders’ equity.
(7) Net earnings available to Whirlpool, divided by average total assets.
(8) Total debt divided by total debt and total stockholders’ equity.
(9) Closing stock price divided by diluted net earnings available to Whirlpool.
(10) Stock appreciation plus reinvested dividends, divided by share price at the beginning of the period.