Archer Daniels Midland 2009 Annual Report Download - page 42

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36
Archer Daniels Midland Company
Consolidated Statements of Earnings
Year Ended June 30
2009
2008
2007
(In millions, except per share amounts)
Net sales and other operating income
$69,207
$69,816
$44,018
Cost of products sold
65,118
65,974
40,781
Gross Profit
4,089
3,842
3,237
Selling, general and administrative expenses
1,412
1,419
1,195
Other (income) expense - net
143
(201)
(1,112)
Earnings Before Income Taxes
2,534
2,624
3,154
Income taxes
827
822
992
Net Earnings
$ 1,707
$ 1,802
$ 2,162
Average number of shares outstanding – basic
643
644
651
Average number of shares outstanding – diluted
644
646
656
Basic earnings per common share
$ 2.66
$ 2.80
$ 3.32
Diluted earnings per common share
$ 2.65
$ 2.79
$ 3.30
See notes to consolidated financial statements.