DuPont 2015 Annual Report Download - page 22

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Part II
ITEM 6. SELECTED FINANCIAL DATA
21
(Dollars in millions, except per share) 2015 2014 2013 2012 2011
Summary of operations1
Net sales $ 25,130 $ 28,406 $ 28,998 $ 27,610 $ 25,883
Employee separation / asset related charges, net $ 810 $ 476 $ 112 $ 457 $ 53
Income from continuing operations before income taxes $ 2,591 $ 4,313 $ 2,566 $ 1,290 $ 1,715
Provision for income taxes on continuing operations $ 696 $ 1,168 $ 360 $ 122 $ 59
Net income attributable to DuPont $ 1,953 $ 3,625 $ 4,848 $ 2,755 $ 3,559
Basic earnings per share of common stock from continuing operations $ 2.10 $ 3.42 $ 2.36 $ 1.21 $ 1.73
Diluted earnings per share of common stock from continuing operations $ 2.09 $ 3.39 $ 2.34 $ 1.20 $ 1.71
Financial position at year-end
Working capital2$ 7,402 $ 8,517 $ 10,541 $ 7,173 $ 6,452
Total assets $ 41,166 $ 50,490 $ 52,142 $ 50,339 $ 49,062
Borrowings and capital lease obligations
Short-term $ 1,165 $ 1,422 $ 1,721 $ 1,275 $ 817
Long-term $ 7,642 $ 9,233 $ 10,699 $ 10,429 $ 11,691
Total equity $ 10,200 $ 13,378 $ 16,286 $ 10,299 $ 9,208
General
For the year
Purchases of property, plant & equipment and investments in
affiliates $ 1,705 $ 2,062 $ 1,940 $ 1,890 $ 1,910
Depreciation1$ 978 $ 1,006 $ 1,027 $ 1,065 $ 941
Research and development expense1$ 1,898 $ 1,958 $ 2,037 $ 2,001 $ 1,843
Weighted-average number of common shares outstanding (millions)
Basic 894 915 926 933 928
Diluted 900 922 933 942 941
Dividends per common share $ 1.72 $ 1.84 $ 1.78 $ 1.70 $ 1.64
At year-end
Employees (thousands)352 54 55 61 61
Closing stock price $ 66.60 $ 73.94 $ 64.97 $ 44.98 $ 45.78
Common stockholders of record (thousands) 63 66 70 74 78
1. Information has been restated to reflect the impact of discontinued operations, as applicable. See Note 1, Basis of Presentation, to the Consolidated Financial
Statements for further information.
2. Working capital has been restated to exclude the assets and liabilities related to the Performance Chemicals segment. The assets and liabilities related to the
Performance Chemicals business are presented as assets of discontinued operations and liabilities of discontinued operations, respectively, in the Consolidated
Balance Sheets for all periods presented. At December 31, 2012, working capital included approximately $2 billion of net assets related to the Performance
Coatings business, of which approximately $1.3 billion was previously considered to be noncurrent and was classified as held for sale as of December 31,
2012. Working capital at December 31, 2013 includes cash received from the sale of the Performance Coatings business. See Note 3 to the Consolidated
Financial Statements for further information.
3. Number of employees excludes employees associated with the Performance Chemicals segment for all periods presented.