Siemens 2006 Annual Report Download - page 242

Five-year summary
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Sales and earnings (in millions of euros) 2006 2005 2004 2003 2002(1)
Net sales 87,325 75,445 70,237 69,775 84,016
Gross profit on sales 23,513 21,299 20,128 19,836 23,206
Income from continuing operations 3,087 3,058 3,450 2,355
Net income 3,033 2,248 3,405 2,445 2,597
Employees – continuing operations 2006 2005 2004 2003 2002(1)
Employees(4) (September 30, in thousands) 475 461 424 411 426
Employee costs (in millions of euros) 29,396 26,646 25,096 25,434 27,195
Cash flows (in millions of euros) 2006 2005 2004 2003 2002(1)
Net cash provided by operating activities 5,174 4,217 4,704 5,419 5,564
Amortization, depreciation and impairments 3,007 3,316 3,248 3,230 4,126
Net cash used in investing activities (4,435) (5,706) (1,689) (3,848) (810)
Capital spending(3) (6,409) (6,511) (4,481) (4,544) (8,013)
Net cash provided by (used in) financing activities 1,802 (1,403) (3,108) (487) (859)
Net increase (decrease) in cash and cash equivalents 2,093 (4,069) 41 953 3,394
Assets, liabilities and shareholders’ equity (in millions of euros) 2006 2005 2004 2003 2002(1)
Current assets 51,611 46,803 45,946 43,489 44,062
Current liabilities 38,957 39,631 33,379 32,028 34,712
Debt 15,574 12,435 11,219 13,178 12,346
Long-term debt 13,399 8,436 9,785 11,433 10,243
Net debt(2) (4,764) (2,525) 2,357 (379) (751)
Pension plans and similar commitments 4,101 4,917 4,392 5,843 5,326
Shareholders’ equity 29,306 27,022 26,760 23,620 23,465
as a percentage of total assets 32 31 34 30 30
Total assets 90,973 86,117 79,430 77,517 77,890
(1) Amounts for 2002 are not adjusted for discontinued operations (see Note 3 for further
information on discontinued operations). Accordingly, amounts for 2002 are not directly
comparable with the Company’s fiscal data for 2006, 2005, 2004 and 2003.
(2) Net debt includes four positions of the Consolidated Balance Sheets: Cash and cash
equivalents, Marketable securities, Short-term debt and current maturities of long-term
debt and Long-term debt.
(3) Intangible assets, property, plant and equipment, acquisitions, and investments.
(4) Without temporary student workers and trainees.
(5) EVA for fiscal 2006, 2005 and 2004 has been calculated according to the assumptions
used in fiscal 2006.
(6) Amounts for 2003 are not adjusted for discontinued operations.
(7) To be proposed at the Annual Shareholders’ Meeting.
(8) XETRA closing prices, Frankfurt.
(9) Based on shares outstanding.
See also “Notes to Consolidated Financial Statements”, Note 2, for certain adjustments
performed for previously published information.
Five-year summary