EX-99.1 4 dex991.htm SELECTED FINANCIAL DATA - FIVE YEAR REVIEW Selected Financial Data - Five Year Review

Exhibit 99.1

Selected Financial Data—Five-Year Review (in millions of dollars, except per share data)

 

         2007            2006            2005            2004            2003    

Summary of Operations:

              

Net revenues

   $18,664    $18,790    $18,452    $17,901    $17,424

Cost of sales

   7,827    7,387    7,274    6,956    6,649

Excise taxes on products

   3,452    3,617    3,659    3,694    3,698

Operating income

   4,373    4,518    4,104    4,082    3,696

Interest and other debt expense, net

   205    225    427    506    502

Equity earnings in SABMiller

   510    460    446    507    296

Earnings from continuing operations before income taxes

   4,678    4,753    4,123    4,083    3,490

Pre-tax profit margin from continuing operations

   25.1%    25.3%    22.3%    22.8%    20.0%

Provision for income taxes

   1,547    1,571    1,574    1,502    1,199

Earnings from continuing operations

   3,131    3,182    2,549    2,581    2,291

Earnings from discontinued operations, net of income taxes and minority interest

   6,655    8,840    7,886    6,835    6,913

Net earnings

   9,786    12,022    10,435    9,416    9,204

Basic earnings per share - continuing operations

   1.49    1.52    1.23    1.26    1.13

                  - discontinued operations

   3.17    4.24    3.81    3.34    3.41

                  - net earnings

   4.66    5.76    5.04    4.60    4.54

Diluted earnings per share - continuing operations

   1.48    1.51    1.22    1.25    1.12

          - discontinued operations

   3.14    4.20    3.77    3.31    3.40

          - net earnings

   4.62    5.71    4.99    4.56    4.52

Dividends declared per share

   3.05    3.32    3.06    2.82    2.64

Weighted average shares (millions) - Basic

   2,101    2,087    2,070    2,047    2,028

Weighted average shares (millions) - Diluted

   2,116    2,105    2,090    2,063    2,038

Capital expenditures

   386    399    299    243    303

Depreciation

   232    255    269    269    257

Property, plant and equipment, net (consumer products)

   2,422    2,343    2,259    2,278    2,400

Inventories (consumer products)

   1,254    1,605    1,821    1,780    1,924

Total assets

   57,211    104,270    107,949    101,648    96,175

Total long-term debt

   2,385    5,195    6,459    8,960    9,571

Total debt - consumer products

   4,239    4,580    6,462    7,740    9,223

      - financial services

   500    1,119    2,014    2,221    2,210

Stockholders’ equity

   18,554    39,619    35,707    30,714    25,077

Common dividends declared as a % of Basic EPS

   65.5%    57.6%    60.7%    61.3%    58.1%

Common dividends declared as a % of Diluted EPS

   66.0%    58.1%    61.3%    61.8%    58.4%

Book value per common share outstanding

   8.80    18.89    17.13    14.91    12.31

Market price per common share - high/low

   90.50-63.13    86.45-68.36    78.68-60.40    61.88-44.50    55.03-27.70

Closing price of common share at year end

   75.58    85.82    74.72    61.10    54.42

Price/earnings ratio at year end - Basic

   16    15    15    13    12

Price/earnings ratio at year end - Diluted

   16    15    15    13    12

Number of common shares outstanding at year end (millions)

   2,108    2,097    2,084    2,060    2,037

Number of employees

   84,000    175,000    199,000    156,000    165,000