EX-99.5 16 l86762aex99-5.txt EXHIBIT 99.5 1 EXHIBIT 99.5 THE GOODYEAR TIRE & RUBBER COMPANY AND SUBSIDIARIES RESTATED CONSOLIDATED STATEMENT OF INCOME UNAUDITED
(In millions, except per share) TWELVE MONTHS ENDED DECEMBER 31, -------------------------------------------- 1999 1998 1997 1996 ---- ---- ---- ---- NET SALES $13,355.4 $13,081.6 $13,502.0 $13,400.7 Cost of Goods Sold 10,832.3 10,210.2 10,511.5 10,412.3 Selling, Administrative and General Expense 2,016.7 1,881.1 1,886.7 1,887.2 Rationalizations 171.6 (29.7) 265.2 116.4 Interest Expense 179.4 147.8 119.5 128.6 Other (Income) Expense (147.1) (76.5) 25.5 22.6 Foreign Currency Exchange (27.6) (2.6) (34.1) 7.4 Equity in Earnings of Affiliates (10.3) (10.6) (19.9) (19.9) Minority Interest in Net Income of Subsidiaries 40.3 31.5 44.6 43.1 --------- --------- --------- --------- Income from Continuing Operations before Income Taxes 300.1 930.4 703.0 803.0 United States and Foreign Taxes on Income 56.9 258.2 205.6 249.8 --------- --------- --------- --------- INCOME FROM CONTINUING OPERATIONS $ 243.2 $ 672.2 $ 497.4 $ 553.2 Discontinued Operations -- (34.7) 36.3 (456.8) --------- --------- --------- --------- NET INCOME $ 243.2 $ 637.5 $ 533.7 $ 96.4 --------- --------- --------- --------- PER SHARE OF COMMON STOCK -- BASIC Income from Continuing Operations $ 1.55 $ 4.29 $ 3.18 $ 3.56 Discontinued Operations -- (0.22) 0.24 (2.94) --------- --------- --------- --------- Net Income 1.55 4.07 $ 3.42 $ 0.62 --------- --------- --------- --------- Average Shares Outstanding 156.2 156.6 156.2 155.1 PER SHARE OF COMMON STOCK -- DILUTED Income from Continuing Operations $ 1.53 $ 4.25 $ 3.14 $ 3.53 Discontinued Operations -- (0.22) 0.23 (2.91) --------- --------- --------- --------- Net Income $ 1.53 $ 4.03 $ 3.37 $ 0.62 --------- --------- --------- --------- Average Shares Outstanding 158.9 158.3 158.2 156.8
X-99.5