EX-99.1 4 y39692exv99w1.htm EX-99.1: SELECTED FINANCIAL DATA EX-99.1
 

Exhibit 99.1
Selected Financial Data - Five-Year Review
(in millions of dollars, except per share data)
                                                 
        2006     2005   2004   2003   2002  
                 
 
Summary of Operations:
                                             
 
 
                                             
 
Net revenues
    $ 67,051       $ 63,741     $ 57,442     $ 50,822     $ 50,685    
 
United States export sales
      3,459         3,502       3,371       3,430       3,488    
 
Cost of sales
      15,540         14,919       13,678       13,042       15,028    
 
Federal excise taxes on products
      3,617         3,659       3,694       3,698       4,229    
 
Foreign excise taxes on products
      27,466         25,275       21,953       17,430       13,997    
                 
 
Operating income
      12,887         11,840       10,568       9,899       10,487    
 
Interest and other debt expense, net
      367         521       510       485       287    
 
Earnings from continuing operations before income taxes, and equity earnings and minority interest, net
      12,520         11,319       10,058       9,414       12,831    
 
Pre-tax profit margin from continuing operations
      18.7 %       17.8 %     17.5 %     18.5 %     25.3 %  
 
Provision for income taxes
      3,400         3,409       3,266       3,285       4,555    
                 
 
Earnings from continuing operations before equity earnings and minority interest, net
      9,120         7,910       6,792       6,129       8,276    
 
Equity earnings and minority interest, net
      209         260       361       148       (24 )  
 
Earnings from continuing operations
      9,329         8,170       7,153       6,277       8,252    
 
Earnings from discontinued operations, net of income taxes and minority interest
      2,693         2,265       2,263       2,927       2,850    
 
Net earnings
      12,022         10,435       9,416       9,204       11,102    
                 
 
Basic earnings per share - continuing operations
      4.47         3.95       3.49       3.10       3.91    
 
- discontinued operations
      1.29         1.09       1.11       1.44       1.35    
 
- net earnings
      5.76         5.04       4.60       4.54       5.26    
 
Diluted earnings per share - continuing operations
      4.43         3.91       3.47       3.08       3.88    
 
- discontinued operations
      1.28         1.08       1.09       1.44       1.33    
 
- net earnings
      5.71         4.99       4.56       4.52       5.21    
 
Dividends declared per share
      3.32         3.06       2.82       2.64       2.44    
 
Weighted average shares (millions) - Basic
      2,087         2,070       2,047       2,028       2,111    
 
Weighted average shares (millions) - Diluted
      2,105         2,090       2,063       2,038       2,129    
                 
 
Capital expenditures
      1,285         1,035       954       889       825    
 
Depreciation
      890         778       722       627       615    
 
Property, plant and equipment, net (consumer products)
      7,581         6,861       6,320       5,912       5,287    
 
Inventories (consumer products)
      8,680         7,241       6,594       6,197       5,745    
 
Total assets
      104,270         107,949       101,648       96,175       87,540    
 
Total long-term debt
      7,417         9,192       8,960       9,572       10,939    
 
Total debt - consumer products
      7,366         11,371       8,468       9,410       10,166    
 
- financial services
      1,119         2,014       2,221       2,210       2,166    
                 
 
Stockholders’ equity
      39,619         35,707       30,714       25,077       19,478    
 
Common dividends declared as a % of Basic EPS
      57.6 %       60.7 %     61.3 %     58.1 %     46.4 %  
 
Common dividends declared as a % of Diluted EPS
      58.1 %       61.3 %     61.8 %     58.4 %     46.8 %  
 
Book value per common share outstanding
      18.89         17.13       14.91       12.31       9.55    
 
Market price per common share - high/low
      86.45-68.36         78.68-60.40       61.88-44.50       55.03-27.70       57.79-35.40    
                 
 
Closing price of common share at year end
      85.82         74.72       61.10       54.42       40.53    
 
Price/earnings ratio at year end - Basic
      15         15       13       12       8    
 
Price/earnings ratio at year end - Diluted
      15         15       13       12       8    
 
Number of common shares outstanding at year end (millions)
      2,097         2,084       2,060       2,037       2,039    
 
Number of employees
      175,000         199,000       156,000       165,000       166,000