Bridgestone 2002 Annual Report Download - page 28

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26
Thousands of
Millions of yen U.S. dollars (Note 2)
2002 2001 2000 2002
Net Sales (Note 15) ¥2,247,769 ¥2,133,825 ¥2,006,902 $18,747,031
Cost of Sales 1,405,391 1,376,439 1,276,312 11,721,359
Gross profit 842,378 757,386 730,590 7,025,672
Selling, General and Administrative Expenses 658,516 639,363 568,805 5,492,210
Operating income (Note 15) 183,862 118,023 161,785 1,533,462
Other Income (Expenses):
Interest and dividend income 4,822 4,572 4,760 40,217
Interest expense (16,205) (26,835) (20,561) (135,154)
Foreign currency exchange loss (8,540) (2,439) (3,480) (71,226)
Impairment losses on assets (Note 11) (36,935) (93,019) — (308,049)
North American plant restructuring costs (Note 11) —(29,753) — —
Loss on voluntary tire recall (Notes 11 and 16) —(80,392) (81,424) —
Other, net (16,068) (18,919) (13,198) (134,012)
Income (loss) before income taxes and
minority interests 110,936 (128,762) 47,882 925,238
Income Taxes (Note 12):
Current 10,984 4,783 53,747 91,610
Deferred 50,191 (153,774) (26,589) 418,607
Total 61,175 (148,991) 27,158 510,217
Income before minority interests 49,761 20,229 20,724 415,021
Minority Interests (4,382) (2,840) (2,983) (36,547)
Net Income ¥ 45,379 ¥17,389 ¥ 17,741 $378,474
Yen U.S. dollars (Note 2)
Per Share of Common Stock:
Basic (Note 3) ¥51.97 ¥20.20 ¥20.60 $0.43
Diluted (Notes 3 and 8) 51.89 20.19 20.59 0.43
Cash dividends applicable to the year 16.00 16.00 16.00 0.13
See notes to consolidated financial statements.
Consolidated Statements of Income
Bridgestone Corporation and Subsidiaries
For the years ended December 31, 2002, 2001 and 2000