P&G 2009 Annual Report – AnnualReports.com - Procter & Gamble
P&G 2009 Annual Report – AnnualReports.com - Procter & Gamble
P&G 2009 Annual Report – AnnualReports.com - Procter & Gamble
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Financial Summary (Unaudited)<br />
The <strong>Procter</strong> & <strong>Gamble</strong> Company 73<br />
Amounts in millions,<br />
except per share amounts <strong>2009</strong> 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999<br />
Net Sales $ 79,029 $ 81,748 $ 74,832 $ 66,724 $55,292 $50,128 $42,133 $38,965 $37,855 $38,545 $36,710<br />
Gross Margin 40,131 42,212 39,173 34,549 28,213 25,709 20,570 18,547 16,473 17,854 16,394<br />
Operating In<strong>com</strong>e 16,123 16,637 15,003 12,916 10,026 9,019 6,931 5,672 3,976 5,457 5,885<br />
Net Earnings from<br />
Continuing Operations 11,293 11,798 10,063 8,478 6,648 5,930 4,554 3,663 2,437 3,225 3,513<br />
Net Earnings from<br />
Discontinued<br />
Operations 2,143 277 277 206 275 226 234 247 175 138 170<br />
Net Earnings 13,436 12,075 10,340 8,684 6,923 6,156 4,788 3,910 2,612 3,363 3,683<br />
Net Earnings Margin from<br />
Continuing Operations 14.3% 14.4% 13.4% 12.7% 12.0% 11.8% 10.8% 9.4% 6.4% 8.4% 9.6%<br />
Basic Net Earnings per<br />
Common Share:<br />
Earnings from<br />
continuing<br />
operations $ 3.76 $ 3.77 $ 3.13 $ 2.72 $ 2.59 $ 2.25 $ 1.71 $ 1.36 $ 0.89 $ 1.19 $ 1.28<br />
Earnings from<br />
discontinued<br />
operations 0.73 0.09 0.09 0.07 0.11 0.09 0.09 0.10 0.07 0.05 0.07<br />
Basic Net Earnings per<br />
Common Share 4.49 3.86 3.22 2.79 2.70 2.34 1.80 1.46 0.96 1.24 1.35<br />
Diluted Net Earnings<br />
per Common Share:<br />
Earnings from<br />
continuing<br />
operations $ 3.58 $ 3.56 $ 2.96 $ 2.58 $ 2.43 $ 2.12 $ 1.62 $ 1.30 $ 0.86 $ 1.13 $ 1.21<br />
Earnings from<br />
discontinued<br />
operations 0.68 0.08 0.08 0.06 0.10 0.08 0.08 0.09 0.06 0.04 0.06<br />
Diluted Net Earnings per<br />
Common Share 4.26 3.64 3.04 2.64 2.53 2.20 1.70 1.39 0.92 1.17 1.27<br />
Dividends per<br />
Common Share 1.64 1.45 1.28 1.15 1.03 0.93 0.82 0.76 0.70 0.64 0.57<br />
Restructuring Program<br />
Charges (1) $ — $ — $ — $ — $ — $ — $ 751 $ 958 $ 1,850 $ 814 $ 481<br />
Research and<br />
Development Expense 2,044 2,212 2,100 2,060 1,926 1,782 1,641 1,572 1,751 1,880 1,709<br />
Advertising Expense 7,579 8,583 7,850 7,045 5,850 5,401 4,406 3,696 3,654 3,828 3,471<br />
Total Assets 134,833 143,992 138,014 135,695 61,527 57,048 43,706 40,776 34,387 34,366 32,192<br />
Capital Expenditures 3,238 3,046 2,945 2,667 2,181 2,024 1,482 1,679 2,486 3,018 2,828<br />
Long-Term Debt 20,652 23,581 23,375 35,976 12,887 12,554 11,475 11,201 9,792 9,012 6,265<br />
Shareholders’ Equity 63,099 69,494 66,760 62,908 18,475 18,190 17,025 14,415 12,560 12,673 12,352<br />
(1) Restructuring program charges, on an after-tax basis, totaled $538, $706, $1,475, $688 and $285 for 2003, 2002, 2001, 2000 and 1999, respectively, related to a multi-year restructuring plan<br />
initiated in 1999 concurrent with the reorganization of our business units from geographic into product-based Global Business Units.
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