Pfizer 2007 Annual Report Download - page 29

Download and view the complete annual report

Please find page 29 of the 2007 Pfizer annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 85

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85

Reconciliation
A reconciliation between Net income, as reported under U.S.
GAAP, and Adjusted income follows:
YEAR ENDED DEC. 31, % CHANGE
__________________________________________ _________________
(MILLIONS OF DOLLARS) 2007 2006 2005 07/06 06/05
Reported net income $ 8,144 $19,337 $ 8,085 (58) 139
Purchase accounting
adjustments—
net of tax 2,511 3,131 3,967 (20) (21)
Acquisition-related
costs—net of tax 10 14 599 (30) (98)
Discontinued
operations—
net of tax 69 (8,313) (498) *M+
Cumulative effect of
a change in
accounting
principles—
net of tax ——23—*
Certain significant
items—net of tax 4,379 813 2,293 438 (65)
Adjusted income $15,113 $14,982 $14,469 14
* Calculation not meaningful.
M+ Change greater than 1,000%.
Certain amounts and percentages may reflect rounding adjustments.
2007 Financial Report 27
Financial Review
Pfizer Inc and Subsidiary Companies