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Summary of Selected Financial Data
(dollars in millions, except per share data)
| Year Ended December 31 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
| Summary of Operations: Net Sales |
$25,914.2 | 22,476.3 | 22,337.8 | 19,680.0 | 17,280.3 | 15,279.5 | 13,918.5 |
| Cost of products sold | $11,422.0 | 9,815.1 | 10,641.1 | 8,884.2 | 7,774.2 | 6,820.5 | 6,107.1 |
| Research and development (a) | $2,505.6 | 2,255.3 | 1,821.2 | 1,696.8 | 1,623.8 | 1,474.5 | 1,491.8 |
| Selling, general and administrative | $7,408.0 | 6,349.7 | 5,496.1 | 4,921.8 | 4,808.1 | 3,724.9 | 3,491.0 |
| Operating earnings | $4,578.5 | 2,042.2 | 4,362.3 | 3,898.3 | 2,974.0 | 3,151.9 | 1,498.2 |
| Interest expense | $593.1 | 416.2 | 241.4 | 200.2 | 188.3 | 238.9 | 307.3 |
| Interest income | $(136.8) | (123.8) | (87.7) | (51.1) | (41.9) | (33.5) | (71.4) |
| Other (income), net | $(347.5) | (526.5) | (411.3) | (376.4) | (559.5) | (374.4) | (231.3) |
| Earnings from continuing operations before taxes | $4,469.6 | 2,276.4 | 4,619.9 | 4,125.6 | 3,387.2 | 3,321.0 | 1,493.6 |
| Taxes on earnings from continuing operations | $863.3 | 559.6 | 1,247.9 | 949.8 | 882.4 | 774.0 | 215.9 |
| Earnings from continuing operations | $3,606.3 | 1,716.8 | 3,372.1 | 3,175.8 | 2,504.7 | 2,547.0 | 1,277.7 |
| Basic earnings per share from continuing operations | $2.34 | 1.12 | 2.17 | 2.03 | 1.60 | 1.63 | 0.82 |
| Diluted earnings per share from continuing operations | $2.31 | 1.12 | 2.16 | 2.02 | 1.59 | 1.62 | 0.82 |
| Financial Position: Working capital |
$4,939.5 | (669.3) | 3,970.5 | 3,908.8 | 2,650.9 | 2,119.6 | 492.4 |
| Long-term investments | $1,125.3 | 1,229.9 | 134.0 | 145.8 | 406.4 | 250.8 | 647.2 |
| Net property and equipment | $7,518.1 | 6,946.4 | 6,003.1 | 6,007.9 | 6,281.8 | 5,828.1 | 5,551.5 |
| Total assets | $39,713.9 | 36,178.2 | 29,141.2 | 28,767.5 | 26,039.3 | 23,592.7 | 22,755.5 |
| Long-term debt | $9,487.8 | 7,009.7 | 4,571.5 | 4,787.9 | 3,452.3 | 4,274.0 | 4,335.5 |
| Shareholders' investment | $17,778.5 | 14,054.2 | 14,415.3 | 14,325.8 | 13,072.3 | 10,664.6 | 9,059.4 |
| Return on shareholders' investment from continuing operations | % 22.7 | 12.1 | 23.5 | 23.8 | 22.6 | 28.0 | 15.9 |
| Book value per share | $11.47 | 9.14 | 9.37 | 9.18 | 8.36 | 6.82 | 5.83 |
| Other Statistics: Gross profit margin |
% 55.9 | 56.3 | 52.4 | 54.9 | 55.0 | 55.4 | 56.1 |
| Research and development to net sales | % 9.7 | 10.0 | 8.2 | 8.6 | 9.4 | 9.7 | 10.7 |
| Net cash from operating activities of continuing operations | $5,183.8 | 5,262.1 | 5,047.4 | 4,306.0 | 3,385.2 | 3,653.5 | 3,083.7 |
| Capital expenditures | $1,656.2 | 1,337.8 | 1,207.5 | 1,291.6 | 1,050.1 | 1,105.4 | 963.6 |
| Cash dividends declared per common share | $1.30 | 1.18 | 1.10 | 1.04 | 0.98 | 0.94 | 0.84 |
| Common shares outstanding (in thousands) | 1,549,910 | 1,537,243 | 1,539,235 | 1,560,024 | 1,564,518 | 1,563,068 | 1,554,530 |
| Number of common shareholders | 73,176 | 77,727 | 82,237 | 88,582 | 91,212 | 94,687 | 97,760 |
| Number of employees | 68,697 | 66,663 | 59,735 | 60,617 | 58,181 | 57,819 | 56,426 |
| Sales per employee (in dollars) | $377,225 | 337,163 | 373,948 | 324,662 | 297,010 | 264,265 | 246,668 |
| Market price per share – high | $59.50 | 49.87 | 50.00 | 47.63 | 47.15 | 58.00 | 57.17 |
| Market price per share – low | $48.75 | 39.18 | 37.50 | 38.26 | 33.75 | 29.80 | 42.00 |
| Market price per share – close | $56.15 | 48.71 | 39.43 | 46.65 | 46.60 | 40.00 | 55.75 |
(a) In 2006, 2005, 2004, 2003, 2002 and 2001 Abbott also recorded pretax charges of $2,014, $17, $279, $100, $108 and $1,330, respectively, for acquired in-process research and development related to business acquisitions.
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