Archer Daniels Midland 2009 Annual Report Download - page 26

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20
Item 6.
SELECTED FINANCIAL DATA
Selected Financial Data
(In millions, except ratio and per share data)
2009
2008
2007
2006
2005
Net sales and other operating income
$69,207
$69,816
$44,018
$36,596
$35,943
Depreciation
730
721
701
657
665
Net earnings
1,707
1,802
2,162
1,312
1,044
Basic earnings per common share
2.66
2.80
3.32
2.01
1.60
Diluted earnings per common share
2.65
2.79
3.30
2.00
1.59
Cash dividends
347
316
281
242
209
Per common share
0.54
0.49
0.43
0.37
0.32
Working capital
$10,523
$10,834
$ 7,254
$ 5,661
$ 4,344
Current ratio
2.2
1.7
1.9
1.9
1.8
Inventories
7,782
10,160
6,060
4,677
3,907
Net property, plant, and equipment
7,950
7,125
6,010
5,293
5,184
Gross additions to property, plant, and
equipment
2,059
1,789
1,404
841
647
Total assets
31,585
37,056
25,118
21,269
18,598
Long-term debt
7,800
7,690
4,752
4,050
3,530
Shareholders’ equity
13,499
13,490
11,253
9,807
8,435
Per common share
21.03
20.95
17.50
14.95
12.96
Weighted average shares outstanding-basic
643
644
651
654
654
Weighted average shares outstanding-diluted
644
646
656
656
656
Significant items affecting the comparability of the financial data shown above are as follows.
Net earnings for 2009 include a non-cash charge of $275 million ($171 million after tax, equal to $0.27 per
share) related to currency derivative losses of the Company’s equity investee, Gruma S.A.B. de C.V. and a
$158 million income tax charge (equal to $0.24 per share) related to the reorganization of the holding
company structure in which the Company holds a portion of its equity investment in Wilmar International
Limited. For further information concerning these two significant items see Notes 6 and 12 in Item 8,
Financial Statements and Supplementary Data (Item 8).
Net earnings for 2007 include a gain of $440 million ($286 million after tax, equal to $0.44 per share)
related to the exchange of the Company’s interests in certain Asian joint ventures for shares of Wilmar
International Limited, realized securities gains of $357 million ($225 million after tax, equal to $0.34 per
share) related to the Company’s sale of equity securities of Tyson Foods Inc. and Overseas Shipholding
Group Inc. and a $209 million gain ($132 million after tax, equal to $0.20 per share) related to the sale of
businesses.
Net earnings for 2005 include a gain of $159 million ($119 million after tax, equal to $0.18 per share)
related to the sale of the Company’s interest in Tate & Lyle PLC.