DuPont 2005 Annual Report Download - page 17

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Part II
Item 6. SELECTED FINANCIAL DATA
(Dollars in millions, except per share) 2005 2004 2003 2002 2001
Summary of operations
Net sales $26,639 $27,340 $26,996 $24,006 $24,726
Income before income taxes and minority interests $ 3,558 $ 1,442 $ 143 $ 2,124 $ 6,844
Provision for (benefit from) income taxes $ 1,468 $ (329) $ (930) $ 185 $ 2,467
Income before cumulative effect of changes in accounting principles $ 2,053 $ 1,780 $ 1,002 $ 1,841 $ 4,328
Net income (loss) $ 2,053 $ 1,780 $ 9731$ (1,103) 2$ 4,339 3
Adjusted net income (loss) $ 2,053 $ 1,780 $ 9731$ (1,103) 2$ 4,505 3, 4
Basic earnings (loss) per share of common stock
Income before cumulative effect of changes in accounting principles $ 2.08 $ 1.78 $ 1.00 $ 1.84 $ 4.17
Net income (loss) $ 2.08 $ 1.78 $ 0.97 1$ (1.12) 2$ 4.18 3
Adjusted net income (loss) $ 2.08 $ 1.78 $ 0.97 1$ (1.12) 2$ 4.34 3, 4
Diluted earnings (loss) per share of common stock
Income before cumulative effect of changes in accounting principles $ 2.07 $ 1.77 $ 0.99 $ 1.84 $ 4.15
Net income (loss) $ 2.07 $ 1.77 $ 0.96 1$ (1.11) 2$ 4.16 3
Adjusted net income (loss) $ 2.07 $ 1.77 $ 0.96 1$ (1.11) 2$ 4.32 3, 4
Financial position at year-end
Working capital $ 4,959 $ 7,272 $ 5,419 $ 6,363 $ 6,734
Total assets $33,250 $35,632 $37,039 $34,621 $40,319
Borrowings and capital lease obligations
Short-term $ 1,397 $ 937 5$ 6,017 5$ 1,185 $ 1,464
Long-term $ 6,783 $ 5,548 $ 4,462 5$ 5,647 $ 5,350
Stockholders’ equity $ 8,907 $11,377 $ 9,781 $ 9,063 $14,452
General
For the year
Purchases of property, plant & equipment and investments in affiliates $ 1,406 $ 1,298 $ 1,784 $ 1,416 $ 1,634
Depreciation $ 1,128 $ 1,124 $ 1,355 $ 1,297 $ 1,320
Research and development (R&D) expense $ 1,336 $ 1,333 $ 1,349 $ 1,264 $ 1,588
Average number of common shares outstanding (millions)
Basic 982 998 997 994 1,036
Diluted 989 1,003 1,000 999 1,041
Dividends per common share $ 1.46 $ 1.40 $ 1.40 $ 1.40 $ 1.40
At year-end
Employees (thousands) 60 60 81 79 79
Closing stock price $ 42.50 $ 49.05 $ 45.89 $ 42.40 $ 42.51
Common stockholders of record (thousands) 101 106 111 116 127
1Includes a cumulative effect of a change in accounting principle charge of $29 and $0.03 per share, basic and diluted, relating to the adoption of Statement of
Financial Accounting Standards (SFAS) No. 143 ‘‘Accounting for Asset Retirement Obligations’’. See Note 9 to the Consolidated Financial Statements.
2Includes a cumulative effect of a change in accounting principle charge of $2,944 and $2.96 (basic) and $2.95 (diluted) per share, relating to the adoption of SFAS
No. 142 ‘‘Goodwill and Other Intangible Assets’’ (SFAS No. 142).
3Includes a cumulative effect of a change in accounting principle benefit of $11 and $0.01 per share, basic and diluted, relating to the adoption of SFAS No. 133
‘‘Accounting for Derivative Instruments and Hedging Activities’’.
4Reflects pro forma effects relating to the adoption of SFAS No. 142 in 2002 and the resulting nonamortization of goodwill and indefinite-lived intangible assets.
5Includes borrowings and capital lease obligations classified as liabilities held for sale.
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