Whirlpool 2013 Annual Report Download - page 48

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WHIRLPOOL CORPORATION
Five-Year Selected Financial Data
(Millions of dollars, except share and employee data)
2013 2012 2011 2010 2009
Consolidated Operations
Net sales $ 18,769 $ 18,143 $ 18,666 $ 18,366 $ 17,099
Restructuring costs 196 237 136 74 126
Depreciation and amortization 540 551 558 555 525
Operating profit 1,249 869 792 1,008 688
Earnings (loss) before income taxes and other items 917 558 (28) 586 293
Net earnings 849 425 408 650 354
Net earnings available to Whirlpool 827 401 390 619 328
Capital expenditures 578 476 608 593 541
Dividends paid 187 155 148 132 128
Consolidated Financial Position
Current assets $ 7,022 $ 6,827 $ 6,422 $ 7,315 $ 7,025
Current liabilities 6,794 6,510 6,297 6,149 5,941
Accounts receivable, inventories and accounts
payable, net 548 694 947 1,410 1,389
Property, net 3,041 3,034 3,102 3,134 3,117
Total assets 15,544 15,396 15,181 15,584 15,094
Long-term debt 1,846 1,944 2,129 2,195 2,502
Total debt(1) 2,463 2,461 2,491 2,509 2,903
Whirlpool stockholders’ equity 4,924 4,260 4,181 4,226 3,664
Per Share Data
Basic net earnings available to Whirlpool $ 10.42 $ 5.14 $ 5.07 $ 8.12 $ 4.39
Diluted net earnings available to Whirlpool 10.24 5.06 4.99 7.97 4.34
Dividends 2.38 2.00 1.93 1.72 1.72
Book value(2) 60.97 53.70 53.50 54.48 48.48
Closing Stock Price—NYSE 156.86 101.75 47.45 88.83 80.66
Key Ratios
Operating profit margin 6.7% 4.8% 4.2% 5.5% 4.0%
Pre-tax margin(3) 4.9% 3.1% (0.2)% 3.2% 1.7%
Net margin(4) 4.4% 2.2% 2.1% 3.4% 1.9%
Return on average Whirlpool stockholders’ equity(5) 18.0% 9.5% 9.3% 15.7% 9.8%
Return on average total assets(6) 5.3% 2.6% 2.5% 4.0% 2.3%
Current assets to current liabilities 1.0 1.0 1.0 1.2 1.2
Total debt as a percent of invested capital(7) 33.0% 36.0% 36.8% 36.7% 43.6%
Price earnings ratio(8) 15.3 20.1 9.5 11.2 18.6
Other Data
Common shares outstanding (in thousands):
Average number—on a diluted basis 80,761 79,337 78,143 77,628 75,584
Year-end common shares outstanding 77,417 78,407 76,451 76,030 74,704
Year-end number of stockholders 11,889 12,759 13,527 14,080 14,930
Year-end number of employees 69,000 68,000 68,000 71,000 67,000
Five-year annualized total return to stockholders(9) 34.0% 7.6% (8.1)% 3.8% 5.8%
(1) Total debt includes notes payable and current and long-term debt.
(2) Total Whirlpool stockholders’ equity divided by average number of shares on a diluted basis.
(3) Earnings (loss) before income taxes, as a percent of net sales.
(4) Net earnings available to Whirlpool, as a percent of net sales.
(5) Net earnings available to Whirlpool, divided by average Whirlpool stockholders’ equity.
(6) Net earnings available to Whirlpool, divided by average total assets.
(7) Total debt divided by total debt and total stockholders’ equity.
(8) Closing stock price divided by diluted net earnings available to Whirlpool.
(9) Stock appreciation plus reinvested dividends, divided by share price at the beginning of the period.
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