PG Extracts

PG Extracts - The Procter & Gamble Company 51 Consolidated...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
± ± The Procter & Gamble Company 51 See accompanying Notes to Consolidated Financial Statements. Consolidated Statements of Earnings Amounts±in±millions±except±per±share±amounts;±Years±ended±June±30 2010 2009 2008 NET SALES $78,938 $76,694 $79,257 Cost of products sold 37,919 38,690 39,261 Selling, general and administrative expense 24,998 22,630 24,017 OPERATING INCOME 16,021 15,374 15,979 Interest expense 946 1,358 1,467 Other non-operating income/(expense), net (28) 397 373 EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 15,047 14,413 14,885 Income taxes on continuing operations 4,101 3,733 3,594 NET EARNINGS FROM CONTINUING OPERATIONS 10,946 10,680 11,291 NET EARNINGS FROM DISCONTINUED OPERATIONS 1,790 2,756 784 NET EARNINGS $12,736 $13,436 $12,075 BASIC NET EARNINGS PER COMMON SHARE: Earnings from continuing operations $ 3.70 $ 3.55 $ 3.61 Earnings from discontinued operations 0.62 0.94 0.25 BASIC NET EARNINGS PER COMMON SHARE 4.32 4.49 3.86 DILUTED NET EARNINGS PER COMMON SHARE: Earnings from continuing operations 3.53 3.39 3.40 Earnings from discontinued operations 0.58 0.87 0.24 DILUTED NET EARNINGS PER COMMON SHARE 4.11 4.26 3.64 DIVIDENDS PER COMMON SHARE $ 1.80 $ 1.64 $ 1.45
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
52 The Procter & Gamble Company See accompanying Notes to Consolidated Financial Statements. Consolidated Balance Sheets Amounts±in±millions;±June±30 Assets 2010 2009 CURRENT ASSETS Cash and cash equivalents $ 2,879 $ 4,781 Accounts receivable 5,335 5,836 INVENTORIES Materials and supplies 1,692 1,557 Work in process 604 672 Finished goods 4,088 4,651 Total inventories 6,384 6,880 Deferred income taxes 990 1,209 Prepaid expenses and other current assets 3,194 3,199 TOTAL CURRENT ASSETS 18,782 21,905 PROPERTY, PLANT AND EQUIPMENT Buildings 6,868 6,724 Machinery and equipment 29,294 29,042 Land 850 885 Total property, plant and equipment 37,012 36,651 Accumulated depreciation (17,768) (17,189) NET PROPERTY, PLANT AND EQUIPMENT 19,244 19,462 GOODWILL AND OTHER INTANGIBLE ASSETS
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 03/02/2011 for the course AC 612 taught by Professor Ac612 during the Spring '11 term at Bentley.

Page1 / 4

PG Extracts - The Procter & Gamble Company 51 Consolidated...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online