Raytheon 2006 Annual Report Download - page 58

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ITEM 6. SELECTED FINANCIAL DATA
FIVE-YEAR STATISTICAL SUMMARY(1)
(In millions except share amounts and total employees) 2006 2005 2004 2003 2002
Results of Operations
Net sales $ 20,291 $ 19,038 $ 17,825 $ 16,032 $ 14,827
Operating income 1,840 1,512 1,301 1,282 1,790
Interest expense 273 312 418 537 496
Income from continuing operations 1,107 818 374 498 752
Income (loss) from discontinued operations, net of tax 176 53 2 (133) (883)
Cumulative effect of change in accounting principle, net of tax —— 41 — (509)
Net income (loss) 1,283 871 417 365 (640)
Net cash provided by operating activities from continuing
operations 2,469 2,313 1,689 2,213 1,034
Net cash provided by (used in) operating activities 2,743 2,515 2,071 2,034 (349)
Diluted earnings per share from continuing operations $ 2.46 $ 1.80 $ 0.85 $ 1.20 $ 1.84
Diluted earnings (loss) per share 2.85 1.92 0.94 0.88 (1.57)
Dividends declared per share 0.96 0.88 0.80 0.80 0.80
Average diluted shares outstanding (in thousands) 450,875 453,302 442,201 415,429 408,031
Financial Position at Year-End
Cash and cash equivalents $ 2,460 $ 1,202 $ 556 $ 661 $ 544
Current assets 9,517 8,313 7,859 7,966 9,175
Property, plant and equipment, net 2,131 2,136 2,172 2,136 1,791
Total assets 25,491 24,381 24,153 24,208 24,678
Current liabilities 6,715 6,188 5,825 4,535 6,032
Long-term liabilities (excluding debt) 4,232 3,396 3,045 3,067 2,641
Long-term debt 3,278 3,969 4,227 6,518 6,277
Subordinated notes payable —408 408 859 858
Total debt 3,965 4,456 5,151 7,391 8,288
Stockholders’ equity 11,101 10,709 10,551 9,162 8,870
General Statistics
Total backlog $ 33,838 $ 31,528 $ 29,905 $ 25,263 $ 21,270
Capital expenditures 295 298 317 370 377
Depreciation and amortization 373 358 349 301 276
Total employees from continuing operations 71,351 71,555 70,809 69,189 67,665
(1) All periods presented have been reclassified to show Raytheon Aircraft as a discontinued operation as a result of entering into a definitive
agreement in 2006 to sell Raytheon Aircraft.
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