Raytheon 2007 Annual Report Download - page 122

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
Net Sales by Geographic Areas (In millions)
United
States
Asia/
Pacific
All Other
(Principally
Europe) Total
Net sales
2007 $17,117 $1,836 $2,348 $21,301
2006 16,017 1,676 2,014 19,707
2005 15,106 1,355 2,030 18,491
The country of destination was used to attribute sales to either the United States or outside the United States (including
foreign military sales through the U.S. government of $1.5 billion, $1.3 billion and $1.1 billion in 2007, 2006 and 2005,
respectively). Sales to major customers in 2007, 2006 and 2005 were: U.S. government, including foreign military sales,
$18,312 million, $17,016 million and $15,709 million, respectively, including U.S. Department of Defense, $17,205
million, $15,610 million and $14,272 million, respectively.
Long-lived Assets by Geographic Areas (In millions)
United
States
All Other
(Principally
Europe) Total
December 31, 2007 $3,705 $333 $4,038
December 31, 2006 3,832 307 4,139
Note 16: Quarterly Operating Results (Unaudited)
(In millions except per share amounts, stock prices and workdays)
2007(1) First Second Third Fourth
Net sales $4,804 $5,278 $5,219 $6,000
Gross margin 948 1,084 1,069 1,163
Income from continuing operations 324 355 380 634
Net income 346 1,335 299 598
Earnings per share from continuing operations(2)
Basic $ 0.73 $ 0.81 $ 0.88 $ 1.50
Diluted 0.71 0.79 0.86 1.45
Earnings per share(2)
Basic 0.78 3.06 0.69 1.41
Diluted 0.76 2.97 0.68 1.37
Cash dividends per share
Declared 0.255 0.255 0.255 0.255
Paid 0.24 0.255 0.255 0.255
Common stock prices
High $55.37 $56.91 $63.44 $65.33
Low 51.10 52.35 52.76 60.70
Workdays(3) 59 64 63 63
2006(1) First Second Third Fourth
Net sales $4,520 $4,827 $4,799 $5,561
Gross margin 860 945 889 1,036
Income from continuing operations 284 285 274 344
Net income 287 310 321 365
Earnings per share from continuing operations(2)
Basic $ 0.64 $ 0.64 $ 0.62 $ 0.78
Diluted 0.63 0.63 0.61 0.76
Earnings per share(2)
Basic 0.65 0.70 0.73 0.83
Diluted 0.64 0.69 0.71 0.81
Cash dividends per share
Declared(4) — 0.24 0.48 0.24
Paid 0.22 0.24 0.24 0.24
Common stock prices
High $45.99 $47.27 $47.90 $53.86
Low 39.99 42.95 43.56 47.73
Workdays(3) 59 64 62 63
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