Proctor and Gamble 2007 Annual Report Download - page 55

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The Procter & Gamble Company 53
See accompanying Notes to Consolidated Financial Statements.

Amounts in millions; Years ended June 30  2006 2005
   $ 6,389 $ 4,232

Net earnings  8,684 6,923
Depreciation and amortization  2,627 1,884
Share-based compensation expense  585 524
Deferred income taxes  (112) 564
Change in accounts receivable  (524) (86)
Change in inventories  383 (644)
Change in accounts payable, accrued and other liabilities  230 (101)
Change in other operating assets and liabilities  (508) (498)
Other  10 113
  11,375 8,679

Capital expenditures  (2,667) (2,181)
Proceeds from asset sales  882 517
Acquisitions, net of cash acquired ) 171 (572)
Change in investment securities  884 (100)
  (730) (2,336)

Dividends to shareholders  (3,703) (2,731)
Change in short-term debt  (8,627) 2,016
Additions to long-term debt  22,545 3,108
Reductions of long-term debt  (5,282) (2,013)
Impact of stock options and other  1,319 521
Treasury purchases  (16,830) (5,026)
  (10,578) (4,125)
  237 (61)
  304 2,157
   $ 6,693 $ 6,389

Cash payments for:
Interest   $ 1,045 $ 783
Income taxes  2,869 2,644
Assets acquired through noncash capital leases  363 68
Gillette acquisition funded by share issuance 
53,371
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