Raytheon 2005 Annual Report Download - page 111

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
Operations by Geographic Areas (In millions)
United
States
Outside United States
(Principally Europe) Total
Net sales
2005 $18,689 $3,205 $21,894
2004 17,925 2,320 20,245
2003 15,718 2,391 18,109
Long-lived assets at
December 31, 2005 $ 4,961 $ 299 $ 5,260
December 31, 2004 5,195 318 5,513
The country of destination was used to attribute sales to either United States or Outside United States (excluding foreign
military sales). Sales to major customers in 2005, 2004, and 2003 were: U.S. government, including foreign military sales,
$16,133 million, $14,973 million, and $13,436 million, respectively, including U.S. Department of Defense, $14,692
million, $13,616 million, and $11,766 million, respectively.
Note P: Quarterly Operating Results (Unaudited)
(In millions except per share amounts and stock prices)
2005 First Second Third Fourth
Net sales $4,944 $5,409 $5,331 $6,210
Gross margin 826 919 886 1,033
Income from continuing operations 196 233 231 282
Net income 166 201 228 276
Earnings per share from continuing operations
Basic $ 0.43 $ 0.52 $ 0.52 $ 0.64
Diluted 0.43 0.51 0.51 0.63
Earnings per share
Basic 0.37 0.45 0.51 0.62
Diluted 0.36 0.44 0.50 0.61
Cash dividends per share
Declared 0.22 0.22 0.22 0.22
Paid 0.20 0.22 0.22 0.22
Common stock prices
High $39.19 $39.69 $39.83 $40.21
Low 36.41 36.54 36.99 36.34
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