Exhibit 99.1
Selected Financial Data - Five-Year Review
(in millions of dollars, except per share data)
2006 | 2005 | 2004 | 2003 | 2002 | ||||||||||||||||||||
Summary of Operations: | ||||||||||||||||||||||||
Net revenues | $ | 67,051 | $ | 63,741 | $ | 57,442 | $ | 50,822 | $ | 50,685 | ||||||||||||||
United States export sales | 3,459 | 3,502 | 3,371 | 3,430 | 3,488 | |||||||||||||||||||
Cost of sales | 15,540 | 14,919 | 13,678 | 13,042 | 15,028 | |||||||||||||||||||
Federal excise taxes on products | 3,617 | 3,659 | 3,694 | 3,698 | 4,229 | |||||||||||||||||||
Foreign excise taxes on products | 27,466 | 25,275 | 21,953 | 17,430 | 13,997 | |||||||||||||||||||
Operating income | 12,887 | 11,840 | 10,568 | 9,899 | 10,487 | |||||||||||||||||||
Interest and other debt expense, net | 367 | 521 | 510 | 485 | 287 | |||||||||||||||||||
Earnings from continuing operations before income taxes, and equity earnings and minority interest, net | 12,520 | 11,319 | 10,058 | 9,414 | 12,831 | |||||||||||||||||||
Pre-tax profit margin from continuing operations | 18.7 | % | 17.8 | % | 17.5 | % | 18.5 | % | 25.3 | % | ||||||||||||||
Provision for income taxes | 3,400 | 3,409 | 3,266 | 3,285 | 4,555 | |||||||||||||||||||
Earnings from continuing operations before equity earnings and minority interest, net | 9,120 | 7,910 | 6,792 | 6,129 | 8,276 | |||||||||||||||||||
Equity earnings and minority interest, net | 209 | 260 | 361 | 148 | (24 | ) | ||||||||||||||||||
Earnings from continuing operations | 9,329 | 8,170 | 7,153 | 6,277 | 8,252 | |||||||||||||||||||
Earnings from discontinued operations, net of income taxes and minority interest | 2,693 | 2,265 | 2,263 | 2,927 | 2,850 | |||||||||||||||||||
Net earnings | 12,022 | 10,435 | 9,416 | 9,204 | 11,102 | |||||||||||||||||||
Basic earnings per share - continuing operations | 4.47 | 3.95 | 3.49 | 3.10 | 3.91 | |||||||||||||||||||
- discontinued operations | 1.29 | 1.09 | 1.11 | 1.44 | 1.35 | |||||||||||||||||||
- net earnings | 5.76 | 5.04 | 4.60 | 4.54 | 5.26 | |||||||||||||||||||
Diluted earnings per share - continuing operations | 4.43 | 3.91 | 3.47 | 3.08 | 3.88 | |||||||||||||||||||
- discontinued operations | 1.28 | 1.08 | 1.09 | 1.44 | 1.33 | |||||||||||||||||||
- net earnings | 5.71 | 4.99 | 4.56 | 4.52 | 5.21 | |||||||||||||||||||
Dividends declared per share | 3.32 | 3.06 | 2.82 | 2.64 | 2.44 | |||||||||||||||||||
Weighted average shares (millions) - Basic | 2,087 | 2,070 | 2,047 | 2,028 | 2,111 | |||||||||||||||||||
Weighted average shares (millions) - Diluted | 2,105 | 2,090 | 2,063 | 2,038 | 2,129 | |||||||||||||||||||
Capital expenditures | 1,285 | 1,035 | 954 | 889 | 825 | |||||||||||||||||||
Depreciation | 890 | 778 | 722 | 627 | 615 | |||||||||||||||||||
Property, plant and equipment, net (consumer products) | 7,581 | 6,861 | 6,320 | 5,912 | 5,287 | |||||||||||||||||||
Inventories (consumer products) | 8,680 | 7,241 | 6,594 | 6,197 | 5,745 | |||||||||||||||||||
Total assets | 104,270 | 107,949 | 101,648 | 96,175 | 87,540 | |||||||||||||||||||
Total long-term debt | 7,417 | 9,192 | 8,960 | 9,572 | 10,939 | |||||||||||||||||||
Total debt - consumer products | 7,366 | 11,371 | 8,468 | 9,410 | 10,166 | |||||||||||||||||||
- financial services | 1,119 | 2,014 | 2,221 | 2,210 | 2,166 | |||||||||||||||||||
Stockholders’ equity | 39,619 | 35,707 | 30,714 | 25,077 | 19,478 | |||||||||||||||||||
Common dividends declared as a % of Basic EPS | 57.6 | % | 60.7 | % | 61.3 | % | 58.1 | % | 46.4 | % | ||||||||||||||
Common dividends declared as a % of Diluted EPS | 58.1 | % | 61.3 | % | 61.8 | % | 58.4 | % | 46.8 | % | ||||||||||||||
Book value per common share outstanding | 18.89 | 17.13 | 14.91 | 12.31 | 9.55 | |||||||||||||||||||
Market price per common share - high/low | 86.45-68.36 | 78.68-60.40 | 61.88-44.50 | 55.03-27.70 | 57.79-35.40 | |||||||||||||||||||
Closing price of common share at year end | 85.82 | 74.72 | 61.10 | 54.42 | 40.53 | |||||||||||||||||||
Price/earnings ratio at year end - Basic | 15 | 15 | 13 | 12 | 8 | |||||||||||||||||||
Price/earnings ratio at year end - Diluted | 15 | 15 | 13 | 12 | 8 | |||||||||||||||||||
Number of common shares outstanding at year end (millions) | 2,097 | 2,084 | 2,060 | 2,037 | 2,039 | |||||||||||||||||||
Number of employees | 175,000 | 199,000 | 156,000 | 165,000 | 166,000 | |||||||||||||||||||