Canon 2007 Annual Report Download - page 67

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65
Thousands of
Millions of yen U.S. dollars (Note 2)
2007 2006 2005 2007
Net sales ¥4,481,346 ¥4,156,759 ¥3,754,191 $39,310,053
Cost of sales (Notes 7, 10, 13 and 20) 2,234,365 2,096,279 1,935,148 19,599,693
Gross profit 2,246,981 2,060,480 1,819,043 19,710,360
Operating expenses (Notes 1, 7, 10, 13 and 20):
Selling, general and administrative expenses 1,122,047 1,045,140 949,524 9,842,518
Research and development expenses 368,261 308,307 286,476 3,230,360
1,490,308 1,353,447 1,236,000 13,072,878
Operating profit 756,673 707,033 583,043 6,637,482
Other income (deductions):
Interest and dividend income 32,819 27,153 14,252 287,886
Interest expense (1,471) (2,190) (1,741) (12,904)
Other, net (Notes 1, 4 and 19) (19,633) (12,853) 16,450 (172,218)
11,715 12,110 28,961 102,764
Income before income taxes and minority interests 768,388 719,143 612,004 6,740,246
Income taxes (Note 14) 264,258 248,233 212,785 2,318,053
Income before minority interests 504,130 470,910 399,219 4,422,193
Minority interests 15,798 15,585 15,123 138,579
Net income ¥ 488,332 ¥ 455,325 ¥ 384,096 $ 4,283,614
Yen U.S. dollars (Note 2)
Net income per share (Note 18):
Basic ¥ 377.59 ¥ 341.95 ¥ 288.63 $ 3.31
Diluted 377.53 341.84 288.36 3.31
Cash dividends per share 110.00 83.33 66.67 0.96
See accompanying notes to consolidated financial statements.
CONSOLIDATED STATEMENTS OF INCOME
CANON INC. AND SUBSIDIARIES Years ended December 31, 2007, 2006 and 2005