Raytheon 2003 Annual Report Download - page 20

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RAYTHEON COMPANY 333
FIVE-YEAR STATISTICAL SUMMARY
3333333333333333333333333333333333333333
(In millions except share amounts and total employees) 2003 2002 2001 2000 1999
RESULTS OF OPERATIONS 333
Net sales $18,109 $16,760 $16,017 $15,817 $16,142
Operating income 1,316 1,783 766(1) 1,580 1,645
Interest expense 537 497 696 761 724
Income from continuing operations 535 756 2(1) 477 546
Loss from discontinued operations, net of tax (170) (887) (757) (339) (94)
Cumulative effect of change in accounting principle, net of tax —(509) — — (53)
Net income (loss) 365 (640) (755)(1) 138 399
Diluted earnings per share from continuing operations $ 1.29 $ 1.85 $ 0.01(1) $1.40 $1.60
Diluted earnings (loss) per share 0.88 (1.57) (2.09)(1) 0.40 1.17
Dividends declared per share 0.80 0.80 0.80 0.80 0.80
Average diluted shares outstanding (in thousands) 415,429 408,031 361,323 341,118 340,784
FINANCIAL POSITION AT YEAR-END 333
Cash and cash equivalents $661 $ 544 $ 1,214 $ 871 $ 230
Current assets 6,585 7,190 9,647 9,444 10,732
Property, plant, and equipment, net 2,711 2,396 2,196 2,339 2,224
Total assets 23,668 23,946 26,773 27,049 28,222
Current liabilities 3,849 5,107 5,815 5,071 7,998
Long-term liabilities (excluding debt) 3,281 2,831 1,846 2,021 1,886
Long-term debt 6,517 6,280 6,874 9,051 7,293
Subordinated notes payable 859 858 857 — —
Total debt 7, 3 91 8,291 9,094 9,927 9,763
Stockholders’ equity 9,162 8,870 11,381 10,906 11,045
GENERAL STATISTICS 333
Total backlog $27,542 $25,666 $25,605 $25,709 $24,034
U.S. government backlog included above 21,353 18,254 16,943 16,650 14,575
Capital expenditures 428 458 461 421 507
Depreciation and amortization 393 364 677 642 646
Total employees from continuing operations 77,700 76,400 81,100 87,500 90,600
(1) Includes charges of $745 million pretax related to the Company’s commuter aircraft business and Starship aircraft portfolio, $484 million after-tax, or $1.34 per diluted share.
Certain prior year amounts have been reclassified to conform with the current year presentation.