Canon 2004 Annual Report Download - page 55

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53
Thousands of
Millions of yen U.S. dollars (note 2)
2004 2003 2002 2004
Net sales ¥3,467,853 3,198,072 2,940,128 $33,344,740
Cost of sales (notes 9, 12 and 19) 1,754,510 1,589,172 1,540,097 16,870,288
Gross profit 1,713,343 1,608,900 1,400,031 16,474,452
Selling, general and administrative expenses
(notes 1, 9, 12 and 19) 1,169,550 1,154,476 1,053,672 11,245,673
Operating profit 543,793 454,424 346,359 5,228,779
Other income (deductions):
Interest and dividend income 7,118 9,284 9,198 68,442
Interest expense (2,756) (4,627) (6,788) (26,500)
Other, net (notes 1, 4 and 18) 3,961 (10,911) (18,752) 38,087
8,323 (6,254) (16,342) 80,029
Income before income taxes and minority interests 552,116 448,170 330,017 5,308,808
Income taxes (note 13) 194,014 162,653 134,703 1,865,520
Income before minority interests 358,102 285,517 195,314 3,443,288
Minority interests 14,758 9,787 4,577 141,903
Net income ¥343,344 275,730 190,737 $3,301,385
Yen U.S. dollars (note 2)
Net income per share (note 17)
Basic ¥387.80 313.81 217.56 $3.73
Diluted 386.78 310.75 214.80 3.72
Cash dividends per share 65.00 50.00 30.00 0.63
See accompanying notes to consolidated financial statements.
CANON INC. AND SUBSIDIARIES Year ended December 31, 2004, 2003 and 2002
CONSOLIDATED STATEMENTS OF INCOME