Sunoco 2009 Annual Report Download - page 39

PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
The Company did not repurchase any of its common stock during the three-month period ended
December 31, 2009. As of December 31, 2009, the Company had approximately $600 million of its common
stock that may yet be purchased under a $1 billion share repurchase program. This program, which was approved
by the Company’s Board of Directors on September 7, 2006, has no stated expiration date. The Company
currently has no plans to repurchase any of its common stock during 2010.
The other information required by this Item is incorporated herein by reference to the Quarterly Financial
and Stock Market Information on page 103 of this report.
ITEM 6. SELECTED FINANCIAL DATA
(Millions of Dollars or Shares, Except Per-Share Amounts) 2009 2008 2007 2006 2005
Statement of Operations Data:
Sales and other operating revenue
(including consumer excise taxes) .......... $31,191 $50,983 $42,295 $36,445 $31,928
Income (loss) from continuing operations* ..... $(241) $917 $862 $936 $996
Income (loss) from discontinued operations** . . . $41 $(28) $99 $130 $53
Net income (loss) ......................... $(200) $889 $961 $1,066 $1,049
Net income (loss) attributable to Sunoco, Inc.
shareholders ........................... $(329) $776 $891 $979 $974
Per-Share Data Attributable to Sunoco, Inc.
Shareholders:
Income (loss) from continuing operations:
Basic .................................. $(3.16) $6.87 $6.62 $6.62 $6.74
Diluted ................................ $(3.16) $6.87 $6.60 $6.58 $6.70
Net income (loss):
Basic .................................. $(2.81) $6.63 $7.44 $7.63 $7.13
Diluted ................................ $(2.81) $6.63 $7.43 $7.59 $7.08
Cash dividends on common stock ............ $1.20 $1.175 $1.075 $.95 $.75
Balance Sheet Data:
Cash and cash equivalents .................. $377 $240 $648 $263 $919
Total assets .............................. $11,895 $11,150 $12,426 $10,982 $9,931
Short-term borrowings and current portion
of long-term debt ........................ $403 $458 $4 $282 $177
Long-term debt ........................... $2,061 $1,705 $1,724 $1,705 $1,234
Shareholders’ equity ....................... $2,557 $2,842 $2,533 $2,075 $2,051
Outstanding shares of common stock ......... 116.9 116.9 117.6 121.3 133.1
Shareholders’ equity per outstanding share .... $21.87 $24.31 $21.54 $17.11 $15.41
Total equity .............................. $3,119 $3,280 $2,972 $2,693 $2,698
*Includes after-tax gains related to the prior issuance of Sunoco Logistics Partners L.P. limited partnership units totaling $14 and $90
million in 2008 and 2007, respectively, after-tax gains related to income tax matters totaling $26 and $18 million in 2008 and 2005,
respectively, a net after-tax gain totaling $26 million on the divestment of the retail heating oil and propane distribution business in
2009, an after-tax loss associated with a phenol supply contract dispute totaling $56 million in 2005, an after-tax gain totaling $55
million from the liquidation of LIFO inventories in 2009 and after-tax provisions for asset write-downs and other matters totaling $411,
$43 and $32 million in 2009, 2008 and 2007, respectively. (See Notes 2, 4 and 6 to the Consolidated Financial Statements under
Item 8.)
**Consists of income (loss) from the Tulsa refinery which was sold on June 1, 2009. Includes after-tax provisions for asset write-downs
and other matters totaling $3 and $95 million in 2009 and 2008, respectively, and a net after-tax gain related to the divestment of this
facility totaling $41 million in 2009. (See Note 2 to the Consolidated Financial Statements under Item 8.)
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