Proctor and Gamble 2010 Annual Report Download - page 78

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76 The Procter & Gamble Company
Financial Summary (Unaudited)
Amounts in millions, except per share amounts 2010 2009 2008 2007 2006 2005
Net Sales $ 78,938 $ 76,694 $ 79,257 $ 72,441 $ 64,416 $53,210
Gross Margin 41,019 38,004 39,996 37,065 32,549 26,391
Operating Income 16,021 15,374 15,979 14,485 12,551 9,666
Net Earnings from Continuing Operations 10,946 10,680 11,291 9,662 8,187 6,384
Net Earnings from Discontinued Operations 1,790 2,756 784 678 497 539
Net Earnings 12,736 13,436 12,075 10,340 8,684 6,923
Net Earnings Margin from Continuing Operations 13.9% 13.9% 14.2% 13.3% 12.7% 12.0%
Basic Net Earnings per Common Share:
Earnings from continuing operations $ 3.70 $ 3.55 $ 3.61 $ 3.01 $ 2.63 $ 2.48
Earnings from discontinued operations 0.62 0.94 0.25 0.21 0.16 0.22
Basic Net Earnings per Common Share 4.32 4.49 3.86 3.22 2.79 2.70
Diluted Net Earnings per Common Share:
Earnings from continuing operations 3.53 3.39 3.40 2.84 2.49 2.33
Earnings from discontinued operations 0.58 0.87 0.24 0.20 0.15 0.20
Diluted Net Earnings per Common Share 4.11 4.26 3.64 3.04 2.64 2.53
Dividends per Common Share 1.80 1.64 1.45 1.28 1.15 1.03
Research and Development Expense $ 1,950 $ 1,864 $ 1,946 $ 1,823 $ 1,682 $ 1,538
Advertising Expense 8,576 7,519 8,520 7,799 7,010 5,804
Total Assets 128,172 134,833 143,992 138,014 135,695 61,527
Capital Expenditures 3,067 3,238 3,046 2,945 2,667 2,181
Long-Term Debt 21,360 20,652 23,581 23,375 35,976 12,887
Shareholders’ Equity 61,439 63,382 69,784 67,012 63,171 18,655
Shareholder Return Performance Graphs
MARKET AND DIVIDEND INFORMATION
P&G has been paying a dividend for 120 consecutive years since its incorporation in 1890 and has increased its dividend for 54 consecutive years
at an annual compound average rate of approximately 9.5%.
COMMON STOCK PRICE RANGE
2009 – 2010 2008 – 2009
Quarter Ended High Low High Low
September 30 $58.66 $50.52 $73.57 $60.05
December 31 63.48 56.02 71.94 53.77
March 31 64.58 59.01 62.97 43.93
June 30 64.00 39.37 54.77 46.29
QUARTERLY DIVIDENDS
Quarter Ended 2009 – 2010 2008 – 2009
September 30 $0.4400 $0.4000
December 31 0.4400 0.4000
March 31 0.4400 0.4000
June 30 0.4818 0.4400
(in dollars; split-adjusted) 1956 1970 1984 1998 2010
Dividends per Share $0.01 $0.04 $0.15 $0.51 $1.80
19841956
0.00
0.60
0.30
0.90
1.20
1.50
1.80
2010
19981970
DIVIDENDS PER SHARE
(in dollars; split-adjusted)