APC 2004 Annual Report Download - page 7

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5
991
2000
966
2001
968
2002
942
2003
1,260
2004
( million and as a % of sales)
10.2%9.8% 10.7%10.7%12.2%
Operating cash flow up 34%
Once again, Schneider Electric demonstrated its ability
to generate a high level of cash flow. In 2004, cash flow
surged to 12.2% of sales and represented 96% of
operating income.
After capital spending and changes in working capital
requirement, free cash flow stood at 839 million, or 8%
of sales.
625
2000
(986)
2001
422
2002
433
2003
565
2004
( million)
Net income up 30%
Net income before amortization of goodwill rose 25%
to 782 million.
Net income grew a strong 30% to 565 million.
Consolidated shareholders equity totaled 7.6 billion.
1.85
2002
1.94
2003
2.56
2004
()
1.00
2002
1.10
2003
1.80
2004*
()
EPS up 32%
47%
2000
27%
2001
-11%
2002
-5%
2003
6.3%
2004
(%)
Debt to equity
Our excellent performance allowed us to maintain
a very solid balance sheet.
Despite acquisitions totaling 1.1 billion and
dividends of 612 million, the debt to equity ratio
remained low at 6.3%.
Dividend before
tax credit up 64%
* Proposed dividend to be approved by shareholders at
the Annual Meeting on May 12, 2005.
If approved, the dividend will be paid on May 17, 2005.
Dividend up 64%