Dow Chemical 2012 Annual Report Download - page 164

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138
Reconciliation of EBITDA to “Income Before Income Taxes”
In millions 2012 2011 2010
EBITDA $ 5,591 $ 7,785 $ 7,200
- Depreciation and amortization 2,698 2,883 2,962
+ Interest income 41 40 37
- Interest expense and amortization of debt discount 1,269 1,341 1,473
Income Before Income Taxes $ 1,665 $ 3,601 $ 2,802
The Company operates 188 manufacturing sites in 36 countries. The United States is home to 58 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
United States
Europe,
Middle East
and Africa Rest of World Total
In millions
2012
Sales to external customers $ 18,391 $ 19,185 $ 19,210 $ 56,786
Long-lived assets $ 8,953 $ 3,374 $ 5,193 $ 17,520
2011
Sales to external customers $ 19,374 $ 20,840 $ 19,771 $ 59,985
Long-lived assets $ 8,651 $ 3,546 $ 5,102 $ 17,299
2010
Sales to external customers $ 17,497 $ 18,464 $ 17,713 $ 53,674
Long-lived assets $ 8,393 $ 4,501 $ 4,774 $ 17,668