Focus - The Dow Chemical Company

More documents

Recommendations

Info

�The Way Forward At Dow, we know that the way forward requires us to accelerate and intensify our efforts to improve our business and maximize both near- and long-term shareholder value. This is why we are constantly striving to eliminate waste, reduce costs, improve productivity, find better ways to do business, create new and improved products and services, enhance production methods and be more sustainable. We are also conscious that the actions we take today not only set the foundation for long-term business success, but also pave the way forward for improving the daily lives of current and future generations. Dow invites you to explore our 2002 Annual Report to learn more about how we are leading the way forward.
2002 Financial Highlights IN MILLIONS, EXCEPT AS NOTED 2002 2001 Net Sales $27,609 $28,075 Earnings before Interest, Income Taxes and Minority Interests (“EBIT”)* 86 35 Net Income (Loss) (338) (385) Return on Stockholders’ Equity (4.4)% (3.9)% Earnings (Loss) per Share—Basic (in dollars) (0.37) (0.43) Earnings (Loss) per Share—Diluted (in dollars) (0.37) (0.43) Dividends Declared per Share (in dollars) 1.34 1.295 *See page 22 for a reconciliation of EBIT to “Income (Loss) before Income Taxes and Minority Interests.” Net Sales (dollars in millions) 98 $25,396 99 $26,131 00 $29,798 01 $28,075 02 $27,609 Earnings (Loss) per Share—Diluted (dollars) 98 $1.89 99 $1.82 00 $1.85 01 $(0.43) 02 $(0.37) 2002 Sales by Operating Segment (dollars in millions) Performance Plastics $7,095 Performance Chemicals $5,130 Agricultural Sciences $2,717 Plastics $6,476 Chemicals $3,361 Hydrocarbons and Energy $2,435 Unallocated and Other $395 EBIT (dollars in millions) 98 $3,093 99 $3,022 00 $3,105 01 $35 02 $86 Dividends Declared per Share (dollars) 98 $1.16 99 $1.16 00 $1.16 01 $1.295 02 $1.34 2002 Sales by Geographic Area (dollars in millions) United States $11,259 Europe $9,209 Rest of World $7,141 Results for 2002 included the pretax impact of merger-related expenses and restructuring of $280 million and a pretax charge of $828 million related to Union Carbide Corporation’s potential asbestos-related liability. Results for 2001 included the impact of a $1.5 billion pretax special charge for merger-related expenses and restructuring. See Notes B and J to the Consolidated Financial Statements for additional information. The Dow Chemical Company 1 >
Page 1: The Dow Chemical Company 2002 Annua
Page 5 and 6: • Continued growth in Asia, where
Page 7 and 8: Board of Directors at March 1, 2003
Page 9 and 10: At Dow, we continue to shape, simpl
Page 11 and 12: The key to Dow’s success is being
Page 13 and 14: A steadfast and disciplined approac
Page 15 and 16: Dow is working to conserve water at
Page 17 and 18: Living. Improved daily. Corporate S
Page 19 and 20: Fabricated Products business manufa
Page 21 and 22: Polypropylene business, a major glo
Page 23 and 24: 2002 Financial Report Management’
Page 25 and 26: Management’s Discussion and Analy
Page 43 and 44: Consolidated Statements of Income (
Page 45 and 46: Consolidated Statements of Cash Flo
Page 47 and 48: Consolidated Statements of Comprehe
Page 49 and 50: Notes to the Consolidated Financial
Page 51 and 52: Notes to the Consolidated Financial
Page 53 and 54:
Notes to the Consolidated Financial
Page 55 and 56:
Page 57 and 58:
Page 59 and 60:
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Quarterly Statistics IN MILLIONS, E
Page 77 and 78:
Eleven-Year Summary of Selected Fin
Page 79 and 80:
�Mission To constantly improve wh
show all

Focus - The Dow Chemical Company

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?