Canon 2005 Annual Report Download - page 59

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57
Thousands of
Millions of yen U.S. dollars (note 2)
2005 2004 2003 2005
Net sales ¥3,754,191 3,467,853 3,198,072 $31,815,178
Cost of sales (notes 10, 13 and 20) 1,935,148 1,754,510 1,589,172 16,399,559
Gross profit 1,819,043 1,713,343 1,608,900 15,415,619
Selling, general and administrative expenses
(notes 1, 10, 13 and 20) 949,524 894,250 895,336 8,046,814
Research and development expenses 286,476 275,300 259,140 2,427,763
Operating profit 583,043 543,793 454,424 4,941,042
Other income (deductions):
Interest and dividend income 14,252 7,118 9,284 120,780
Interest expense (1,741) (2,756) (4,627) (14,754)
Other, net (notes 1, 4 and 19) 16,450 3,961 (10,911) 139,407
28,961 8,323 (6,254) 245,433
Income before income taxes and minority interests 612,004 552,116 448,170 5,186,475
Income taxes (note 14) 212,785 194,014 162,653 1,803,263
Income before minority interests 399,219 358,102 285,517 3,383,212
Minority interests 15,123 14,758 9,787 128,161
Net income ¥ 384,096 343,344 275,730 $ 3,255,051
Yen U.S. dollars (note 2)
Net income per share (note 18)
Basic ¥ 432.94 387.80 313.81 $ 3.67
Diluted 432.55 386.78 310.75 3.67
Cash dividends per share 100.00 65.00 50.00 0.85
See accompanying notes to consolidated financial statements.
CONSOLIDATED STATEMENTS OF INCOME
CANON INC. AND SUBSIDIARIES Year ended December 31, 2005, 2004 and 2003