Kimberly-Clark 2010 Annual Report Download - page 39

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PART II
(Continued)
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENT
Year Ended December 31
2010 2009 2008
(Millions of dollars, except
per share amounts)
Net Sales ......................................................... $19,746 $19,115 $19,415
Cost of products sold ............................................ 13,196 12,695 13,557
Gross Profit ....................................................... 6,550 6,420 5,858
Marketing, research and general expenses ............................ 3,673 3,498 3,291
Other (income) and expense, net ................................... 104 97 20
Operating Profit ................................................... 2,773 2,825 2,547
Interest income ................................................. 20 26 46
Interest expense ................................................ (243) (275) (304)
Income Before Income Taxes, Equity Interests and Extraordinary Loss ..... 2,550 2,576 2,289
Provision for income taxes ........................................ (788) (746) (618)
Income Before Equity Interests and Extraordinary Loss ................. 1,762 1,830 1,671
Share of net income of equity companies ............................ 181 164 166
Income Before Extraordinary Loss ................................... 1,943 1,994 1,837
Extraordinary loss, net of income taxes, attributable to Kimberly-Clark
Corporation .................................................. —— (8)
Net Income ....................................................... 1,943 1,994 1,829
Net income attributable to noncontrolling interests ..................... (100) (110) (139)
Net Income Attributable to Kimberly-Clark Corporation ................ $ 1,843 $ 1,884 $ 1,690
Per Share Basis
Basic
Before extraordinary loss ................................. $ 4.47 $ 4.53 $ 4.06
Extraordinary loss ...................................... —— (.02)
Net Income Attributable to Kimberly-Clark Corporation .... $ 4.47 $ 4.53 $ 4.04
Diluted
Before extraordinary loss ................................. $ 4.45 $ 4.52 $ 4.05
Extraordinary loss ...................................... —— (.02)
Net Income Attributable to Kimberly-Clark Corporation .... $ 4.45 $ 4.52 $ 4.03
See Notes to Consolidated Financial Statements
35