Dow Chemical 2015 Annual Report Download - page 39
Download and view the complete annual report
Please find page 39 of the 2015 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
 |
 |
29
The Dow Chemical Company and Subsidiaries
PART II, Item 6. Selected Financial Data.
SELECTED FINANCIAL DATA
In millions, except as noted (Unaudited) 2015 2014 2013 2012 2011
Summary of Operations
Net sales $ 48,778 $ 58,167 $ 57,080 $ 56,786 $ 59,985
Net income $ 7,783 $ 3,839 $ 4,816 $ 1,100 $ 2,784
Per share of common stock (in dollars):
Net income per common share - basic $ 6.45 $ 2.91 $ 3.72 $ 0.71 $ 2.06
Net income per common share - diluted $ 6.15 $ 2.87 $ 3.68 $ 0.70 $ 2.05
Cash dividends declared per share of common stock $ 1.72 $ 1.53 $ 1.28 $ 1.21 $ 0.90
Book value per share of common stock $ 23.06 $ 19.71 $ 22.59 $ 17.73 $ 19.28
Year-end Financial Position
Total assets (1) $ 68,026 $ 68,687 $ 69,402 $ 69,492 $ 69,119
Long-term debt (1) $ 16,215 $ 18,741 $ 16,732 $ 19,819 $ 18,219
Financial Ratios
Research and development expenses as percent of net sales 3.3% 2.8% 3.1% 3.0% 2.7%
Income before income taxes as percent of net sales 20.4% 9.1% 11.9% 2.9% 6.0%
Return on stockholders’ equity 34.4% 18.6% 19.4% 5.0% 13.1%
Debt as a percent of total capitalization (1) 39.7% 45.5% 38.9% 48.7% 47.8%
(1) Adjusted for reclassification of debt issuance costs related to the adoption of ASU 2015-03. See Note 2 to the Consolidated
Financial Statements for further information.