Proctor and Gamble 2005 Annual Report Download - page 45

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41The฀Procter฀&฀Gamble฀Company฀and฀Subsidiaries
Consolidated฀Statements฀of฀Earnings
See฀accompanying฀Notes฀to฀Consolidated฀Financial฀Statements
฀Years฀Ended฀June฀30
Amounts฀in฀millions฀except฀per฀share฀amounts฀ ฀ ฀ ฀ ฀ 2004฀ 2003
Net฀Sales฀ ฀ ฀ ฀ ฀$51,407฀ $43,377฀
Cost฀of฀products฀sold฀ ฀ ฀ ฀ ฀ 25,076฀ 22,141฀
Selling,฀general฀and฀administrative฀expense฀ ฀ ฀ ฀ ฀16,504฀ 13,383฀
Operating฀Income฀ ฀ ฀ ฀ ฀ 9,827฀ 7,853฀
Interest฀expense฀ ฀ ฀ ฀ ฀ 629฀ 561฀
Other฀non-operating฀income,฀net฀ ฀ ฀ ฀ ฀152฀ 238฀
Earnings฀Before฀Income฀Taxes฀ ฀ ฀ ฀ ฀9,350฀ 7,530฀
Income฀taxes฀ ฀ ฀ ฀ ฀2,869฀ 2,344฀
฀ ฀ ฀ ฀  $6,481฀ $5,186฀
฀ ฀ ฀ ฀ ฀ ฀
฀ ฀ ฀ ฀ ฀$2.46฀$1.95฀
฀ ฀ ฀ ฀  $2.32฀ $1.85฀
฀ ฀ ฀ ฀ ฀$0.93฀ $0.82฀