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Archer Daniels Midland CompanyNotes to Consolidated Financial Statements (Continued)Note 16.Quarterly Financial Data (Unaudited)QuarterFirst Second Third Fourth Year(In millions, except per share amounts)Fiscal 2007Net Sales $9,447 $10,976 $11,381 $12,214 $44,018Gross Profit 865 908 746 718 3,237Net Earnings 403 441 363 955 2,162Basic Earnings PerCommon Share 0.61 0.67 0.56 1.48 3.32Diluted Earnings PerCommon Share 0.61 0.67 0.56 1.47 3.30Fiscal 2006Net Sales $8,627 $ 9,299 $ 9,123 $ 9,547 $36,596Gross Profit 583 783 771 829 2,966Net Earnings 186 368 348 410 1,312Basic Earnings PerCommon Share 0.29 0.56 0.53 0.63 2.01Diluted Earnings PerCommon Share 0.29 0.56 0.53 0.62 2.00Net earnings for the three months and year ended June 30, 2007, include credits to other income for gains of$440 million ($286 million after tax, equal to $0.44 per share) related to exchanging shares of certainunconsolidated affiliates for shares in WIL, $357 million ($225 million after tax, equal to $0.34 per share)related to the Company’s sale of equity securities of Tyson Foods Inc. and Overseas Shipholding Group, Inc.,and $157 million ($99 million after tax, equal to $0.15 per share) related to the sale of businesses. Net earningsfor the three months and year ended June 30, 2007, also includes a charge to other income of $46 million ($29million after tax, equal to $0.04 per share) related to the repurchase of $400 million of the Company’soutstanding debentures and a charge to cost of products sold of $19 million ($12 million after tax, equal to $0.02per share) related to abandonment and write-down of long-lived assets. For the year ended June 30, 2007, netearnings include a credit to other income of $209 million ($132 million after tax, equal to $0.20 per share)related to the sale of businesses.Net earnings for the three months and year ended June 30, 2006, include charges to cost of products sold of $34million ($22 million after tax, equal to $.03 per share) and $61 million ($38 million after tax, equal to $.06 pershare), respectively, related to the abandonment and write-down of certain long-lived assets, a charge to cost ofproducts sold of $15 million ($9 million after tax, equal to $0.1 per share) related to the adoption of FIN 47, anda credit to other income of $17 million ($11 million after tax, equal to $.02 per share) related to the sale of longlivedassets. Net earnings for the three months and year ended June 30, 2006, also include a credit to cost ofproducts sold of $27 million ($18 million after tax, equal to $.03 per share) related to Brazilian transactional taxcredits. For the year ended June 30, 2006, net earnings include a credit to income taxes of $36 million ($.05 pershare) related to the adjustment of state and federal income taxes to previously filed returns. The year endedJune 30, 2006 also includes a credit to other income of $19 million ($12 million after tax, equal to $.02 pershare) related to Brazilian transactional tax credits.72
Report of Independent Registered Public Accounting FirmThe Board of Directors and ShareholdersArcher Daniels Midland CompanyDecatur, IllinoisWe have audited the accompanying consolidated balance sheets of Archer Daniels Midland Company as of June30, 2007 and 2006, and the related consolidated statements of earnings, shareholders’ equity, and cash flows foreach of the three years in the period ended June 30, 2007. Our audits also included the financial statementschedule listed in the Index at Item 15(a). These financial statements and schedule are the responsibility of theCompany’s management. Our responsibility is to express an opinion on these financial statements and schedulebased on our audits.We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board(United States). Those standards require that we plan and perform the audit to obtain reasonable assurance aboutwhether the financial statements are free of material misstatement. An audit includes examining, on a test basis,evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing theaccounting principles used and significant estimates made by management, as well as evaluating the overallfinancial statement presentation. We believe that our audits provide a reasonable basis for our opinion.In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidatedfinancial position of Archer Daniels Midland Company at June 30, 2007 and 2006, and the consolidated resultsof its operations and its cash flows for each of the three years in the period ended June 30, 2007, in conformitywith U.S. generally accepted accounting principles. Also, in our opinion, the related financial statement schedule,when considered in relation to the basic financial statements taken as a whole, presents fairly in all materialrespects the information set forth therein.As discussed in Note 13 to the consolidated financial statements, in 2007 Archer Daniels Midland Companyadopted Statement of Financial Accounting Standards Number 158 related to defined benefit pension and otherpostretirement plans.We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board(United States), the effectiveness of Archer Daniels Midland Company’s internal control over financial reportingas of June 30, 2007, based on criteria established in Internal Control – Integrated Framework issued by theCommittee of Sponsoring Organizations of the Treadway Commission, and our report dated August 24, 2007,expressed an unqualified opinion thereon./s/ Ernst & Young LLPSt. Louis, MissouriAugust 24, 200773
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ARCHER DANIELS MIDLAND COMPANY JAHR
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Financial Highlights2007 2006(in mi
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UNITED STATESSECURITIES AND EXCHANG
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Table of ContentsItem No. Descripti
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Item 1.BUSINESS (Continued)Corn Pro
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Item 1.BUSINESS (Continued)Status o
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Item 1.BUSINESS (Continued)The Comp
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Item 1A. RISK FACTORS (Continued)Th
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Item 2.PROPERTIESThe Company owns o
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Item 2.PROPERTIES (Continued)The Co
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Item 5.MARKET FOR REGISTRANT’S CO
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Page 93: INFORMATIONEN FÜR AKTIONÄREBörse
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