Dow Chemical 2011 Annual Report Download - page 245
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151
Reconciliation of EBITDA to “Income from
Continuing Operations Before Income Taxes”
In millions
EBITDA
- Depreciation and amortization
+ Interest income
- Interest expense and amortization of debt discount
Income from Continuing Operations Before Income Taxes
2011
$ 7,785
2,883
40
1,341
$ 3,601
2010
$ 7,200
2,962
37
1,473
$ 2,802
2009
$ 4,828
2,827
39
1,571
$ 469
The Company operates 197 manufacturing sites in 36 countries. The United States is home to 60 of these sites,
representing 50 percent of the Company’s long-lived assets. Sales are attributed to geographic areas based on customer
location; long-lived assets are attributed to geographic areas based on asset location.
Geographic Area Information
In millions
2011
Sales to external customers
Long-lived assets (1)
2010
Sales to external customers
Long-lived assets (1)
2009
Sales to external customers
Long-lived assets (1)
United States
$ 19,374
$ 8,651
$ 17,497
$ 8,393
$ 14,145
$ 9,212
Europe,
Middle East
and Africa
$ 20,840
$ 3,546
$ 18,464
$ 4,501
$ 16,010
$ 4,021
Rest of World
$ 19,771
$ 5,102
$ 17,713
$ 4,774
$ 14,720
$ 4,908
Total
$ 59,985
$ 17,299
$ 53,674
$ 17,668
$ 44,875
$ 18,141
(1) Long-lived assets in Germany represented 8 percent of the total at December 31, 2011, 9 percent of the total at December 31,
2010 and 11 percent of the total at December 31, 2009.