Sunoco 2005 Annual Report Download - page 45

Download and view the complete annual report

Please find page 45 of the 2005 Sunoco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 78

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78

Consolidated Statements of Income Sunoco, Inc. and Subsidiaries
(Millions of Dollars and Shares, Except Per-Share Amounts)
For the Years Ended December 31 2005 2004 2003
Revenues
Sales and other operating revenue (including consumer excise taxes) $33,754 $25,468 $17,969
Interest income 23 10 7
Other income (loss), net (Notes 2, 3 and 4) (13) 30 40
33,764 25,508 18,016
Costs and Expenses
Cost of products sold and operating expenses 28,028 20,734 14,154
Consumer excise taxes 2,588 2,282 1,999
Selling, general and administrative expenses 946 873 752
Depreciation, depletion and amortization 429 409 369
Payroll, property and other taxes 124 118 105
Provision for write-down of assets and other matters (Note 2) —28
Interest cost and debt expense 94 108 117
Interest capitalized (25) (11) (3)
32,184 24,513 17,521
Income before income tax expense 1,580 995 495
Income tax expense (Note 4) 606 390 183
Net Income $ 974 $ 605 $ 312
Earnings Per Share of Common Stock (Note 14):
Basic $7.13 $4.08 $2.03
Diluted $7.08 $4.04 $2.01
Weighted-Average Number of Shares Outstanding (Notes 5 and 14):
Basic 136.6 148.2 153.4
Diluted 137.5 149.8 155.0
Cash Dividends Paid Per Share of Common Stock (Note 14) $.75 $.575 $.5125
(See Accompanying Notes)
43