Proctor and Gamble 2003 Annual Report Download - page 2

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Financial Highlights
Years ended June 30
% Change
8%
18%
19%
19%
8%
2002
$40,238
6,678
4,352
3.09
1.52
2003
$43,377
7,853
5,186
3.69
1.64
Net Sales
Operating Income
Net Earnings
Per Common Share
Diluted Net Earnings
Dividends
Amounts in millions
except per share amounts
Net Sales
(in billions of dollars)
2003
40.2
39.2 43.4
20022001
Operating Cash Flow
(in billions of dollars)
7.7 8.7
5.8
20032001 2002
1
Restructuring charges per share total $1.05 in 2001, $0.50 in 2002 and $0.39 in 2003. 2001 includes charges of $0.15 per share for
the amortization of goodwill and indefinite-lived intangibles no longer required under accounting rules beginning in 2002.
Additional Earnings Information1
(per common share, on a diluted basis)
2001 2002 2003
0
1
2
3
$4
Reported EPS
Goodwill
Restructuring Charges
Diluted Net Earnings
(per common share)
200320022001
0
1
2
3
$4
Two billion times a day, P&G brands touch the lives of people
around the world. We have one of the largest and strongest
portfolios of trusted, quality brands, including Pampers, Tide,
Ariel, Always, Whisper, Pantene, Bounty, Pringles, Folgers,
Charmin, Downy, Lenor, Iams, Crest, Clairol Nice ‘n Easy, Actonel,
Dawn and Olay. Nearly 98,000 P&G people working in almost
80 countries worldwide make sure P&G brands live up to their
promise to make everyday life just a little better.
P&G’s Promise
Table of Contents
Letter to Shareholders 1
P&G’s Billion-Dollar Brands 6
Business Perspective 8
Directors and Corporate Officers 20
Financial Contents 22
Shareholder Information 56