Siemens 2007 Annual Report Download - page 324

324 Five-year summary
(1) Amounts for 2007, 2006 and 2005 according to IFRS, amounts for 2004 and 2003
according to U.S. GAAP. The historical results of Siemens VDO Automotive (SV) are
reported as discontinued operations in the Consolidated Statements of Income for
all periods presented. Cash flows for 2004 and 2003 include amounts related to SV.
(2) Net liquidity includes four positions of the Consolidated Balance Sheets: Cash and cash
equivalents, current Available-for-sale financial assets (fiscal 2007 and 2006)/Market-
able securities (fiscal 2005, 2004 and 2003), Short-term debt and current maturities
of long-term debt and Long-term debt.
(3) Continuing and discontinued operations.
(4) Amortization and impairment of intangible assets other than goodwill and depreciation
and impairment of property, plant and equipment.
(5) Without temporary student workers and trainees.
(6) To be proposed at the Annual Shareholders’ Meeting.
(7) XETRA closing prices, Frankfurt.
(8) Based on shares outstanding.
(9) Changed from Aa3 to A1 on November 9, 2007.
See also “Notes to Consolidated Financial Statements”, Note 2, for certain adjustments
related to prior years.
Revenue and earnings(1) (in millions of euros) 2007 2006 2005 2004 2003
Revenue 72,448 66,487 55,781 61,480 61,624
Gross profi t 20,876 17,379 15,683 18,710 18,089
Income from continuing operations 3,909 2,642 2,813 3,006 2,058
Net income 4,038 3,345 2,576 3,405 2,445
Assets, liabilities and equity(1) (in millions of euros) 2007 2006 2005 2004 2003
Current assets 47,932 50,014 45,502 45,946 43,489
Current liabilities 43,894 38,964 38,376 33,435 32,041
Debt 15,497 15,297 12,035 11,219 13,178
Long-term debt 9,860 13,122 8,040 9,785 11,433
Net liquidity(2) (11,299) (4,487) (1,681) 2,357 (379)
Pension plans and similar commitments 2,780 5,083 5,460 4,392 5,843
Equity 29,627 25,895 23,791 26,454 23,404
as a percentage of total assets 32 30 29 33 30
Total assets 91,555 87,528 81,579 79,239 77,378
Employees(1) – continuing operations 2007 2006 2005 2004 2003
Employees(5) (September 30, in thousands) 398 371 359 376 367
Employee costs (in millions of euros) 22,525 22,790 20,299 22,964 23,491
Five-year summary
Cash fl ows(1) (in millions of euros) 2007 2006 2005 2004 2003
Net cash provided by operating activities 9,822 5,003 3,198 5,080 5,712
Amortization, depreciation and impairments(4) 2,625 2,314 2,267 2,821 3,173
Net cash used in investing activities (10,068) (4,315) (5,052) (1,818) (3,939)
Additions to intangible assets and property, plant and equipment (3,067) (3,183) (2,670) (2,764) (2,852)
Net cash provided by (used in) fi nancing activities (5,792) 1,540 (2,241) (3,108) (487)
Net increase (decrease) in cash and cash equivalents (5,274) 2,093 (4,069) 41 953
Free cash fl ow 6,755 1,820 528 2,316 2,860
(3) (3)