tobacco research

tobacco research - Item 6 SELECTED FINANCIAL DATA The...

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Item 6. SELECTED FINANCIAL DATA
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The following table includes our selected historical consolidated financial information as of the dates and for the periods indicated. The selected historical consolidated financial information as of and for the years ended December 31, 2005 through 2009 have been derived from our audited financial statements. You should read the following selected historical consolidated financial data in conjunction with “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and related notes appearing herein. Years Ended December 31, 2009 2008 2007 2006 2005 (In millions, except per share data) Results of Operations: Net sales(1) $ 5,233 $ 4,204 $ 3,969 $ 3,755 $ 3,568 Cost of sales 3,327 2,434 2,313 2,166 2,119 Gross profit 1,906 1,770 1,656 1,589 1,449 Selling, general and administrative(2) 365 355 382 348 365 Operating income 1,541 1,415 1,274
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This note was uploaded on 05/06/2010 for the course BUAD Buad 381 taught by Professor Proctor during the Spring '10 term at Morgan.

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tobacco research - Item 6 SELECTED FINANCIAL DATA The...

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