Raytheon 2006 Annual Report Download - page 3
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Years ended December 31 2004 2005 2006
Dollars in millions, except per share amounts
Backlog $29,905 $31,528 $33,838
Net Sales 17,825 19,038 20,291
Operating Income 1,301 1,512 1,840
Net Income 417 871 1,283
Diluted EPS from Continuing Operations 0.85 1.80 2.46
Operating Cash Flow from Continuing Operations 1,689 2,313 2,469
Dividends Declared per Share 0.80 0.88 0.96
Net Debt1 4,595 3,254 1,505
Net Debt to Net Capital2 30.3% 23.3% 11.9%
Return on Invested Capital3 5.2% 5.9% 7.6%
BACKLOG NET SALES OPERATING INCOME ROIC3 NET DEBT1
Dollars in billions
1 Net debt is defined as total debt less cash and cash equivalents.
2 Net capital is defined as net debt plus equity.
3 ROIC is not a measure of financial performance under GAAP. For details about the company’s calculation of ROIC, see page 106 of this report.
Raytheon Financial Highlights
04 05 06
$29.9
$31.5
$33.8
$17.8
$19.0
$20.3
$1.3
$1.5
$1.8
5.2%
5.9%
7.6% $4.6
$3.3
$1.5
1
04 05 06 04 05 06 04 05 06 04 05 06