Chairman's - FMC Corporation
Chairman's - FMC Corporation
Chairman's - FMC Corporation
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
ITEM 6. SELECTED FINANCIAL DATA<br />
SELECTED CONSOLIDATED FINANCIAL DATA<br />
The selected consolidated financial and other data presented below for, and as of the end of, each of the<br />
years in the five-year period ended December 31, 2009, are derived from our consolidated financial statements.<br />
The selected consolidated financial data should be read in conjunction with our consolidated financial statements<br />
for the year ended December 31, 2009.<br />
Year Ended December 31,<br />
2009 2008 2007 2006 2005<br />
(in Millions, except per share data and ratios)<br />
Income Statement Data:<br />
Revenue ................................................... $2,826.6 $3,115.3 $2,632.9 $2,345.9 $2,146.0<br />
Income from continuing operations before equity in (earnings) loss of<br />
affiliates, investment gains, interest income and expense, loss on<br />
extinguishment of debt, income taxes and cumulative effect of change<br />
in accounting principle ...................................... 334.7 500.7 228.0 250.8 235.3<br />
Income from continuing operations before income taxes and cumulative<br />
effect of change in accounting principle ........................ 310.0 471.9 195.3 220.2 196.6<br />
Income from continuing operations before cumulative effect of change<br />
in accounting principle ...................................... 257.0 346.5 166.3 151.9 115.9<br />
Discontinued operations, net of income taxes (1) ................... (18.2) (24.9) (24.3) (12.8) 6.1<br />
Cumulative effect of change in accounting principle, net of income<br />
taxes (2) ................................................. — — — — (0.5)<br />
Net income ................................................. 238.8 321.6 142.0 139.1 121.5<br />
Less: Net income attributable to noncontrolling interest . ............. 10.3 17.0 9.6 7.8 7.5<br />
Net income attributable to <strong>FMC</strong> stockholders ...................... $ 228.5 $ 304.6 $ 132.4 $ 131.3 $ 114.0<br />
Amounts attributable to <strong>FMC</strong> stockholders:<br />
Continuing operations, net of income taxes ........................ 246.7 329.5 156.7 144.1 108.4<br />
Discontinued operations, net of income taxes ...................... (18.2) (24.9) (24.3) (12.8) 6.1<br />
Cumulative effect of change in accounting principle, net of income<br />
taxes (2) ................................................. — — — — (0.5)<br />
Net income ................................................. $ 228.5 $ 304.6 $ 132.4 $ 131.3 $ 114.0<br />
Basic earnings (loss) per common share attributable to <strong>FMC</strong><br />
stockholders:<br />
Continuing operations ........................................ $ 3.40 $ 4.44 $ 2.06 $ 1.86 $ 1.42<br />
Discontinued operations ....................................... (0.25) (0.34) (0.32) (0.17) 0.08<br />
Cumulative effect of change in accounting principle ................ — — — — (0.01)<br />
Net earnings per common share ................................. $ 3.15 $ 4.10 $ 1.74 $ 1.69 $ 1.49<br />
Diluted earnings (loss) per common share attributable to <strong>FMC</strong><br />
stockholders:<br />
Continuing operations ........................................ $ 3.37 $ 4.35 $ 2.02 $ 1.82 $ 1.38<br />
Discontinued operations ....................................... (0.25) (0.33) (0.31) (0.16) 0.08<br />
Cumulative effect of change in accounting principle ................ — — — — (0.01)<br />
Net earnings per common share ................................. $ 3.12 $ 4.02 $ 1.71 $ 1.66 $ 1.45<br />
Balance Sheet Data:<br />
Total assets ................................................. $3,136.2 $2,993.9 $2,733.4 $2,740.7 $2,745.3<br />
Long-term debt .............................................. $ 610.5 $ 595.0 $ 497.3 $ 576.0 $ 640.7<br />
Other Data:<br />
Ratio of earnings to fixed charges (3) ............................ 9.2x 11.6x 5.1x 5.3x 2.5x<br />
Cash dividends declared per share ............................... $ 0.500 $ 0.480 $ 0.405 $ 0.360 $ —<br />
26