Kimberly-Clark 2010 Annual Report Download - page 18

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PART II
(Continued)
ITEM 6. SELECTED FINANCIAL DATA
Year Ended December 31
(In Millions, except per share amounts)
2010 2009 2008 2007 2006
Net Sales ......................................... $19,746 $19,115 $19,415 $18,266 $16,747
Gross Profit ...................................... 6,550 6,420 5,858 5,704 5,082
Operating Profit ................................... 2,773 2,825 2,547 2,616 2,102
Share of net income of equity companies ............... 181 164 166 170 219(a)
Net Income ....................................... 1,943 1,994 1,829 1,951 1,595
Net income attributable to noncontrolling interests ........ (100) (110) (139) (128) (95)
Net Income Attributable to Kimberly-Clark Corporation . . . 1,843 1,884 1,690 1,823 1,500
Per Share Basis:
Basic .................................... 4.47 4.53 4.04 4.11 3.26
Diluted .................................. 4.45 4.52 4.03 4.08 3.24
Cash Dividends Per Share
Declared ..................................... 2.64 2.40 2.32 2.12 1.96
Paid ......................................... 2.58 2.38 2.27 2.08 1.92
Total Assets ...................................... 19,864 19,209 18,089 18,440 17,067
Long-Term Debt ................................... 5,120 4,792 4,882 4,394 2,276
Total Stockholders’ Equity ........................... 6,202 5,690 4,261 5,687 6,502
(a) Kimberly-Clark’s share of net income includes a gain of approximately $46 million from the sale by Kimberly-Clark de Mexico, S.A.B.
de C.V. of its pulp and paper business.
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS
Introduction
This MD&A is intended to provide investors with an understanding of our past performance, financial
condition and prospects. The following will be discussed and analyzed:
• Overview of Business
• Overview of 2010 Results
• Results of Operations and Related Information
• Liquidity and Capital Resources
• Variable Interest Entities
• Critical Accounting Policies and Use of Estimates
• Legal Matters
• New Accounting Standards
• Business Outlook
• Forward-Looking Statements
14