Siemens 2008 Annual Report Download - page 318

222 Five-year summary
Revenue and earnings(1) (in millions of euros) 2008 2007 2006 2005 2004
Revenue 77,327 72,448 66,487 55,781 61,480
Gross prot 21,043 20,876 17,379 15,683 18,710
Income from continuing operations 1,859 3,909 2,642 2,813 3,006
Net income 5,886 4,038 3,345 2,576 3,405
Assets, liabilities and equity(1) (in millions of euros) 2008 2007 2006 2005 2004
Current assets 43,242 47,932 50,014 45,502 45,946
Current liabilities 42,451 43,894 38,964 38,376 33,435
Debt 16,079 15,497 15,297 12,035 11,219
Long-term debt 14,260 9,860 13,122 8,040 9,785
Net liquidity(2) (9,034) (11,299) (4,487) (1,681) 2,357
Pension plans and similar commitments 4,361 2,780 5,083 5,460 4,392
Equity 27,380 29,627 25,895 23,791 26,454
as a percentage of total assets 29 32 30 29 33
Total assets 94,463 91,555 87,528 81,579 79,239
Cash ows(1) (in millions of euros) 2008 2007 2006 2005 2004(3)
Net cash provided by operating activities 9,281 9,822 5,003 3,198 5,080
Amortization, depreciation and impairments(4) 3,015 2,625 2,314 2,267 2,821
Net cash used in investing activities (9,989) (10,068) (4,315) (5,052) (1,818)
Additions to intangible assets and property, plant and equipment (3,542) (3,067) (3,183) (2,670) (2,764)
Net cash provided by (used in) nancing activities 3,730 (5,792) 1,540 (2,241) (3,108)
Net increase (decrease) in cash and cash equivalents 1,989 (5,274) 2,093 (4,069) 41
Free cash ow 5,739 6,755 1,820 528 2,316
Employees(1) – continuing operations 2008 2007 2006 2005 2004
Employees(5) (September 30, in thousands) 427 398 371 359 376
Employee costs (in millions of euros) 25,646 22,525 22,790 20,299 22,964
Five-year summary
(1) Amounts for 2008, 2007, 2006 and 2005 are according to IFRS, amounts for 2004
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 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 2008, 2007 and
2006)/Marketable securities (fiscal 2005 and 2004), 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.