US Bank 2004 Annual Report Download - page 113
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Please find page 113 of the 2004 US Bank 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.U.S. BANCORP
SUPPLEMENTAL FINANCIAL DATA
Earnings Per Share Summary 2004 2003 2002 2001 2000
Earnings per share from continuing operations*********************** $2.21 $1.93 $1.68 $ .79 $1.43
Discontinued operations ****************************************** — .01 (.01) (.02) .01
Cumulative effect of accounting change **************************** — — (.02) — —
Earnings per share*********************************************** $2.21 $1.94 $1.65 $ .77 $1.44
Diluted earnings per share from continuing operations **************** $2.18 $1.92 $1.68 $.79 $1.42
Discontinued operations ****************************************** — .01 (.01) (.03) .01
Cumulative effect of accounting change **************************** — — (.02) — —
Diluted earnings per share **************************************** $2.18 $1.93 $1.65 $ .76 $1.43
Ratios
Return on average assets***************************************** 2.17% 1.99% 1.84% .89% 1.74%
Return on average equity ***************************************** 21.4 19.2 18.3 9.0 19.0
Average total equity to average assets****************************** 10.2 10.3 10.0 9.9 9.1
Dividends per share to net income per share ************************ 46.2 44.1 47.3 97.4 45.1
Other Statistics (Dollars and Shares in Millions)
Common shares outstanding (a) *********************************** 1,857.6 1,922.9 1,917.0 1,951.7 1,902.1
Average common shares outstanding and common stock equivalents
Earnings per share******************************************* 1,887.1 1,923.7 1,916.0 1,927.9 1,906.0
Diluted earnings per share ************************************ 1,912.9 1,936.2 1,924.8 1,940.3 1,918.5
Number of shareholders (b) *************************************** 71,492 74,341 74,805 76,395 46,052
Common dividends declared ************************************** $1,917 $1,645 $1,488 $1,447 $1,267
(a) Defined as total common shares less common stock held in treasury at December 31.
(b) Based on number of common stock shareholders of record at December 31.
Stock Price Range and Dividends
2004 2003
Sales Price Sales Price
Closing Dividends Closing Dividends
High Low Price Declared High Low Price Declared
First quarter ******************************* $29.70 $26.41 $27.65 $.240 $23.47 $18.56 $18.98 $.205
Second quarter **************************** 28.65 24.89 27.56 .240 24.99 18.96 24.50 .205
Third quarter******************************* 30.00 27.42 28.90 .240 25.82 22.93 23.99 .205
Fourth quarter ***************************** 31.65 27.52 31.32 .300 30.00 24.04 29.78 .240
The common stock of U.S. Bancorp is traded on the New York Stock Exchange, under the ticker symbol ‘‘USB.’’
Reconciliation of Quarterly Consolidated Financial Data
2003
First Second Third
(Dollars in Millions and After-tax) Quarter Quarter Quarter
Income before cumulative effect of accounting change, as previously reported ********************************* $911.2 $953.6 $984.9
Less
Discontinued operations of Piper Jaffray Companies (a)*************************************************** .7 4.9 10.2
Adoption of SFAS 123 for stock options (a) ************************************************************* 26.4 33.7 34.0
Income from continuing operations ********************************************************************** $884.1 $915.0 $940.7
(a) The Company’s quarterly financial results previously filed on Form 10-Q with the Securities and Exchange Commission have been retroactively restated to give effect to the spin-off of Piper
Jaffray Companies on December 31, 2003, and the adoption of the fair value method of accounting for stock-based compensation. The accounting change was adopted using the
retroactive restatement method.
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