Proctor and Gamble 2013 Annual Report Download - page 24

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22 The Procter & Gamble Company
Item 6. Selected Financial Data.
The information required by this item is incorporated by reference to Note 1 and Note 12 to our Consolidated Financial
Statements.
Financial Summary (Unaudited)
Amounts in millions, except per share amounts 2013 2012 2011 2010 2009 2008
Net sales $ 84,167 $ 83,680 $ 81,104 $ 77,567 $ 75,295 $ 77,714
Gross profit 41,739 41,289 41,245 40,525 37,644 39,534
Operating income 14,481 13,292 15,495 15,732 15,188 15,743
Net earnings from continuing operations 11,402 9,317 11,698 10,851 10,645 11,224
Net earnings from discontinued operations —1,587 229 1,995 2,877 930
Net earnings attributable to Procter & Gamble 11,312 10,756 11,797 12,736 13,436 12,075
Net Earnings margin from continuing operations 13.5% 11.1% 14.4% 14.0% 14.1% 14.4%
Basic net earnings per common share (1):
Earnings from continuing operations $ 4.04 $ 3.24 $ 4.04 $ 3.63 $ 3.51 $ 3.56
Earnings from discontinued operations —0.58 0.08 0.69 0.98 0.30
Basic net earnings per common share 4.04 3.82 4.12 4.32 4.49 3.86
Diluted net earnings per common share (1):
Earnings from continuing operations $ 3.86 $ 3.12 $ 3.85 $ 3.47 $ 3.35 $ 3.36
Earnings from discontinued operations —0.54 0.08 0.64 0.91 0.28
Diluted net earnings per common share 3.86 3.66 3.93 4.11 4.26 3.64
Dividends per common share $ 2.29 $ 2.14 $ 1.97 $ 1.80 $ 1.64 $ 1.45
Research and development expense $ 2,023 $ 2,029 $ 1,982 $ 1,931 $ 1,844 $ 1,927
Advertising expense 9,729 9,345 9,210 8,475 7,453 8,426
Total assets 139,263 132,244 138,354 128,172 134,833 143,992
Capital expenditures 4,008 3,964 3,306 3,067 3,238 3,046
Long-term debt 19,111 21,080 22,033 21,360 20,652 23,581
Shareholders' equity 68,709 64,035 68,001 61,439 63,382 69,784
(1) Basic net earnings per common share and diluted net earnings per common share are calculated based on net earnings attributable to
Procter & Gamble.