Bridgestone 2004 Annual Report Download - page 36

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34
Bridgestone Annual Report 2004
Thousands of
Millions of yen U.S. dollars (Note 2)
2004 2003 2002 2004
Net Sales (Note 16) ¥2,416,685 ¥2,303,917 ¥2,247,769 $23,190,529
Cost of Sales 1,533,251 1,441,639 1,405,391 14,713,089
Gross profit 883,434 862,278 842,378 8,477,440
Selling, General and Administrative Expenses 685,737 678,984 658,516 6,580,338
Operating income (Note 16) 197,697 183,294 183,862 1,897,102
Other Income (Expenses):
Interest and dividend income 4,936 5,356 4,822 47,366
Interest expense (11,331) (11,962) (16,205) (108,732)
Foreign currency exchange loss (1,657) (4,404) (8,540) (15,901)
Insurance claims received (Note 12) — 4,340 — —
Gain on sales of property, plant and equipment (Note 12) 2,523 ——24,211
Impairment losses on assets (Note 12) — (5,768) (36,935) —
Loss on fire incident (Note 12) — (3,833) — —
Loss on voluntary tire replacement (Notes 12 and 17) (3,240) ——(31,091)
Other–net (8,051) (4,988) (16,068) (77,258)
Income before income taxes and minority interests 180,877 162,035 110,936 1,735,697
Income Taxes (Note 13):
Current 60,359 20,912 10,984 579,205
Deferred 2,459 47,815 50,191 23,597
Total 62,818 68,727 61,175 602,802
Income before minority interests 118,059 93,308 49,761 1,132,895
Minority Interests (3,606) (4,588) (4,382) (34,603)
Net Income ¥ 114,453 ¥88,720 ¥ 45,379 $ 1,098,292
Yen U.S. dollars (Note 2)
Per Share of Common Stock:
Basic (Notes 3 and 10) ¥138.96 ¥102.75 ¥51.97 $1.33
Diluted (Notes 3, 8 and 10) 138.94 102.56 51.89 1.33
Cash dividends applicable to the year 19.00 16.00 16.00 0.18
See notes to consolidated financial statements.
Consolidated Statements of Income
Bridgestone Corporation and Subsidiaries
Years ended December 31, 2004, 2003 and 2002