Dow Chemical 2014 Annual Report Download - page 3
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2014 Annual Report 1
13
4,447
Excluding Certain Items1
From Continuing Operations
09 10
336
725
11
1,970
2,263
2,402
12 14
842
2,959
2,249
2,981
3,432
3,709
Earnings – Diluted
Dividends Declared
13 14
1.28
3.68
2.48
09 10 11
1.53
2.87
3.11
0.60
0.60
0.63
0.32
1.72
1.97
0.90
2.05
2.54
12
1.21
0.70 1.90
Earnings – Diluted, Excluding Certain
Items and Discontinued Operations1
13
57,080
58,167
09 10 11
53,674
44,875
59,985
12 14
56,786
Corporate: $309
Performance Materials
& Chemicals
$15 ,114
Performance Plastics
$22,386
Infrastructure Solutions
$8,429
Consumer Solutions
$4,639
Agricultural Sciences
$7,290
Total Sales: $58,167
Financial Highlights
2014 2013
Net Sales (dollars in millions) $ 58,167 $ 57,080
Net Income Available for Common Shareholders (dollars in millions) $ 3,432 $ 4,447
Net Income Available for Common Shareholders, Excluding Certain Items1$ 3,709 $ 2,981
Earnings per Share – Diluted $ 2.87 $ 3.68
Earnings per Share – Diluted, Excluding Certain Items1$ 3.11 $ 2.48
Dividends Declared per Share $ 1.53 $ 1.28
2014 Sales by
Operating Segment
(dollars in millions)
Net Income Available for
Common Shareholders
(dollars in millions)
Net Sales
(dollars in millions)
Per Share Data
(dollars)
1 For a reconciliation to the most directly comparable U.S. GAAP measure, see supplemental information located in the Appendix on pages 20 and 21, or visit
www.dow.com/investors/earnings.
Certain statements in this report, other than purely historical information, including estimates, projections, statements relating to business plans, objectives,
and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934.
“expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “outlook,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely
result,” and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties
which may cause actual results to differ materially from the forward-looking statements. The Dow Chemical Company undertakes no obligation to update or
revise any forward-looking statements whether because of new information, future events or otherwise, except as 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.