EX-99.1 3 dex991.htm SELECTED FINANCIAL DATA - FIVE-YEAR REVIEW Selected Financial Data - Five-Year Review

Exhibit 99.1

FIVE-YEAR FINANCIAL REVIEW

(dollar amounts in thousands, except per share data)

 

     2006     2005     2004     2003     2002  

FOR THE YEAR

          

Net sales

   $ 14,751,270     $ 12,700,999     $ 11,376,828     $ 6,265,823     $ 4,801,777  

Costs, expenses and other:

          

Cost of products sold

     11,284,606       10,108,805       9,174,611       5,993,492       4,335,409  

Marketing, administrative and other expenses

     592,473       459,460       374,730       165,369       175,589  

Interest (income) expense, net

     (37,365 )     4,201       22,352       24,627       14,286  

Minority interests

     219,121       110,650       80,840       23,904       79,408  

Other income

     —         (9,200 )     (1,596 )     (11,547 )     (29,900 )
                                        
     12,058,835       10,673,916       9,650,937       6,195,845       4,574,792  

Earnings before income taxes

     2,692,435       2,027,083       1,725,891       69,978       226,985  

Provision for income taxes

     935,653       709,834       607,906       5,181       66,899  
                                        

Net earnings

     1,756,782       1,317,249       1,117,985       64,797       160,086  

Net earnings per share:

          

Basic (1)

     5.73       4.19       3.53       0.21       0.51  

Diluted (1)

     5.68       4.15       3.50       0.21       0.51  

Dividends declared per share (1)

     2.15       0.93       0.24       0.20       0.19  

Percentage of net earnings to net sales

     11.9 %     10.4 %     9.8 %     1.0 %     3.3 %

Return on average equity

     38.3 %     33.8 %     38.2 %     2.7 %     7.0 %

Capital expenditures

     338,404       331,466       285,925       215,408       243,598  

Depreciation

     363,936       375,054       383,305       364,112       307,101  

Sales per employee

     1,273       1,159       1,107       637       528  

AT YEAR END

          

Current assets

   $ 4,683,065     $ 4,081,611     $ 3,182,132     $ 1,639,784     $ 1,429,305  

Current liabilities

     1,421,917       1,228,618       1,042,776       615,067       573,697  
                                        

Working capital

     3,261,148       2,852,993       2,139,356       1,024,717       855,608  

Cash provided by operating activities

     2,251,233       2,136,615       1,024,756       493,801       497,220  

Current ratio

     3.3       3.3       3.1       2.7       2.5  

Property, plant and equipment, net

     2,856,415       2,855,717       2,818,307       2,817,135       2,932,058  

Total assets

     7,893,018       7,148,845       6,140,391       4,511,577       4,394,944  

Long-term debt

     922,300       923,550       923,550       903,550       894,550  

Percentage of debt to capital

     15.3 %     17.0 %     20.2 %     26.1 %     25.8 %

Stockholders’ equity

     4,857,351       4,312,049       3,481,281       2,370,873       2,349,770  

Per share

     16.14       13.90       10.91       7.54       7.51  

Shares outstanding

     300,949       310,220       319,024       314,361       312,720  

Employees

     11,900       11,300       10,600       9,900       9,800  

(1) Per share and shares outstanding amounts have been adjusted to reflect the two-for-one stock split effective May 2006.