Abbott 2006 Annual Report | Financial Report: Summary of Selected Financial Data

Year Ended December 31

2006

2005

2004

2003

2002

2001

2000

Summary of Operations:
Net Sales

22,476.3

22,337.8

19,680.0

17,280.3

15,279.5

13,918.5

11,520.6

Cost of products sold

9,815.1

10,641.1

8,884.2

7,774.2

6,820.5

6,107.1

4,762.1

Research and development (a)

2,255.3

1,821.2

1,696.8

1,623.8

1,474.5

1,491.8

1,245.6

Selling, general and administrative

6,349.7

5,496.1

4,921.8

4,808.1

3,724.9

3,491.0

2,669.6

Operating earnings

2,042.2

4,362.3

3,898.3

2,974.0

3,151.9

1,498.2

2,981.9

Interest expense

416.2

241.4

200.2

188.3

238.9

307.3

113.9

Interest income

(123.8

)

(87.7

)

(51.1

)

(41.9

)

(33.5

)

(71.4

)

(90.1

)

Other (income), net

(526.5

)

(411.3

)

(376.4

)

(559.5

)

(374.4

)

(231.3

)

(436.9

)

Earnings from continuing
operations before taxes

2,276.4

4,619.9

4,125.6

3,387.2

3,321.0

1,493.6

3,395.0

Taxes on earnings from
continuing operations

559.6

1,247.9

949.8

882.4

774.0

215.9

906.1

Earnings from continuing operations

1,716.8

3,372.1

3,175.8

2,504.7

2,547.0

1,277.7

2,488.9

Basic earnings per share
from continuing operations

1.12

2.17

2.03

1.60

1.63

0.82

1.61

Diluted earnings per share
from continuing operations

1.12

2.16

2.02

1.59

1.62

0.82

1.59

Financial Position:
Working capital

(669.3

)

3,970.5

3,908.8

2,650.9

2,119.6

492.4

3,078.7

Long-term investments

1,229.9

134.0

145.8

406.4

250.8

647.2

638.0

Net property and equipment

6,946.4

6,003.1

6,007.9

6,281.8

5,828.1

5,551.5

4,816.9

Total assets

36,178.2

29,141.2

28,767.5

26,039.3

23,592.7

22,755.5

14,796.7

Long-term debt

7,009.7

4,571.5

4,787.9

3,452.3

4,274.0

4,335.5

1,076.4

Shareholders’ investment

14,054.2

14,415.3

14,325.8

13,072.3

10,664.6

9,059.4

8,570.9

Return on shareholders’ investment
from continuing operations

12.1

23.5

23.8

22.6

28.0

15.9

34.4

Book value per share

9.14

9.37

9.18

8.36

6.82

5.83

5.54

Other Statistics:
Gross profit margin

56.3

52.4

54.9

55.0

55.4

56.1

58.7

Research and development
to net sales

10.0

8.2

8.6

9.4

9.7

10.7

10.8

Net cash from operating activities
of continuing operations

5,262.1

5,047.4

4,306.0

3,385.2

3,653.5

3,083.7

2,780.0

Capital expenditures

1,337.8

1,207.5

1,291.6

1,050.1

1,105.4

963.6

836.8

Cash dividends declared
per common share

1.18

1.10

1.04

0.98

0.94

0.84

0.76

Common shares outstanding
(in thousands)

1,537,243

1,539,235

1,560,024

1,564,518

1,563,068

1,554,530

1,545,934

Number of common shareholders

77,727

82,237

88,582

91,212

94,687

97,760

101,272

Number of employees

66,663

59,735

60,617

58,181

57,819

56,426

45,571

Sales per employee (in dollars)

337,163

373,948

324,662

297,010

264,265

246,668

252,806

Market price per share — high

49.87

50.00

47.63

47.15

58.00

57.17

56.25

Market price per share — low

39.18

37.50

38.26

33.75

29.80

42.00

29.375

Market price per share — close

48.71

39.43

46.65

46.60

40.00

55.75

48.438

(a)	In 2006, 2005, 2004, 2003, 2002 and 2001 Abbott also recorded pretax charges of $2,014, $17, $279, $100, $108 and $1,330 for acquired in-process research and development related to business acquisitions.

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