Kimberly-Clark 2007 Annual Report Download - page 100

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KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Supplemental Cash Flow Statement Data
Summary of Cash Flow Effects of Decrease (Increase) in
Operating Working Capital(a)
Year Ended December 31
2007 2006 2005
Accounts receivable .................................................. $(191.9) $(231.4) $ (41.9)
Inventories ......................................................... (439.3) (252.4) (81.1)
Prepaid expenses .................................................... (34.6) 19.6 (10.6)
Trade accounts payable ............................................... 244.0 150.1 51.1
Other payables ...................................................... (90.6) 29.2 45.6
Accrued expenses .................................................... 183.7 268.2 (2.9)
Accrued income taxes ................................................ (56.9) (65.0) 13.6
Derivatives ......................................................... 9.1 (1.2) 5.3
Currency ........................................................... 47.0 88.0 (159.2)
Decrease (increase) in operating working capital ........................... $(329.5) $ 5.1 $(180.1)
Year Ended December 31
Other Cash Flow Data 2007 2006 2005
Interest paid ........................................................ $ 239.2 $ 234.5 $ 195.8
Income taxes paid .................................................... 674.1 708.9 590.7
Year Ended December 31
Interest Expense 2007 2006 2005
Gross interest cost ................................................... $ 282.7 $ 234.6 $ 197.5
Capitalized interest on major construction projects .......................... (17.9) (14.3) (7.3)
Interest expense ..................................................... $ 264.8 $ 220.3 $ 190.2
(a) Excludes the effects of acquisitions and dispositions.
Note 19. Unaudited Quarterly Data
2007 2006
Fourth Third Second First Fourth Third Second First
(Millions of dollars, except per share amounts)
Net sales ............... $4,758.1 $4,620.6 $4,502.0 $4,385.3 $4,307.2 $4,210.4 $4,161.4 $4,067.9
Gross profit ............ 1,462.1 1,443.5 1,446.0 1,352.3 1,365.9 1,275.5 1,287.6 1,153.1
Operating profit ......... 668.9 682.7 648.7 616.1 610.6 526.4 544.1 420.4
Net income ............. 456.0 453.1 461.8 452.0 482.6 364.2 377.6 275.1
Per share basis:
Basic ......... 1.08 1.05 1.01 .99 1.06 .80 .82 .60
Diluted ........ 1.07 1.04 1.00 .98 1.05 .79 .82 .60
Cash dividends declared
per share ............. .53 .53 .53 .53 .49 .49 .49 .49
Market price per share:
High .............. 71.16 70.78 72.79 70.28 68.58 65.76 62.15 61.75
Low .............. 67.01 63.79 66.05 65.99 65.00 58.63 56.96 56.59
Close ............. 69.34 70.26 66.89 68.49 67.95 65.36 61.70 57.80
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