Dow Chemical 2011 Annual Report Download - page 3
Download and view the complete annual report
Please find page 3 of the 2011 Dow Chemical annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
-
253
-
254
-
255
-
256
-
257
-
258
-
259
-
260
-
261
-
262
-
263
-
264
-
265
-
266
-
267
-
268
-
269
-
270
-
271
-
272
 |
 |
2011 Annual Report 1
1 A reconciliation to the most directly comparable U.S. GAAP measure is provided on the Internet at www.dow.com/fi nancial/earnings.
2 Net debt equals total debt (“Notes payable” plus “Long-term debt due within one year” plus “Long-term debt”) minus “Cash and cash equivalents” and “Marketable
securities and interest-bearing deposits.”
The forward-looking statements contained in this document involve risks and uncertainties that may affect the Company´s operations, markets, products, services, prices
and other factors as discussed more fully elsewhere and in fi lings with the U.S. Securities and Exchange Commission. These risks and uncertainties include, but are not
limited to, economic, competitive, legal, governmental and technological factors. Accordingly, there is no assurance that the Company´s expectations will be realized.
The Company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and
other applicable laws. References to “Dow“ or the “Company“ mean The Dow Chemical Company and its consolidated subsidiaries, unless otherwise expressly noted.
Net Sales
(dollars in millions)
07 08 09 10
44,875
57,361
53,375
53,674
07 08
2,962
09
626
10
566
2,321
11
59,985
11
2,784
Total Sales
$59,985
Performance Materials
$14,647
Performance Plastics
$16,257
Feedstocks and Energy
$11,302
Corporate: $325
Electronic and Functional Materials
$4,599
Coatings and Infrastructure Solutions
$7,200
Agricultural Sciences
$5,655
Per Share Data
(dollars)
Net Income from
Continuing Operations
(dollars in millions)
Earnings – Diluted, Excluding Certain
Items and Discontinued Operations1
Earnings – Diluted
Dividends Declared
0.60
1. 6 8
07
2.99
08
3.74
1. 6 3 5
0.62
09
1.79
0.32
10
0.63
0.60
1.72
1.97
11
0.90
2.05
2.54
FINANCIAL HIGHLIGHTS
2011 2010
Net Sales (dollars in millions) $59,985 $53,674
Net Income from Continuing Operations (dollars in millions) $2,784 $2,321
Earnings per Share – Diluted, Excluding Certain Items1 $2.54 $1.97
Dividends Declared per Share $0.90 $0.60
Net Debt to Capital Ratio240.8% 42.6%
2011 Sales by Operating Segment
(dollars in millions)