Selected Financial Data -- Three-Year Review

Selected Financial Data -- Three-Year Review
(in millions, except per share data)
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2010
2009
2008
Summary of Operations:
Net revenues
$ 49,207
$ 38,754
$ 40,492
Cost of sales
31,305
24,819
27,164
Operating income
5,666
5,183
3,576
Operating margin
11.5%
13.4%
8.8%
Interest and other expense, net
2,024
1,237
1,240
Earnings from continuing operations before income taxes
3,642
3,946
2,336
Provision for income taxes
1,147
1,136
658
Earnings and gain from discontinued operations, net of income taxes
1,644
218
1,215
Net earnings
4,139
3,028
2,893
Noncontrolling interest
25
7
9
Net earnings attributable to Kraft Foods
4,114
3,021
2,884
Basic EPS attributable to Kraft Foods:
Continuing operations
1.44
1.90
1.11
Discontinued operations
1
0.14
0.81
Net earnings attrubutable to Kraft Foods
2.40
2.04
1.92
Diluted EPS attributable to Kraft Foods:
Continuing operations
1.44
1.89
1.10
Discontinued operations
0.95
0.14
0.08
Net earnings attrubutable to Kraft Foods
2.39
2.03
1.18
Dividends declared per share
1.16
1.16
1.12
Dividends declared as a % of Basic EPS
48.3%
56.9%
58.3%
Dividends declared as a % of Diluted EPS
48.5%
57.1%
58.9%
Weighted-average shares - Basic
1,715
1,478
1,505
Weighted-average shares - Diluted
1,720
1,486
1,515
Net cash provided by operating activities
3,748
5,084
4,141
Capital expenditures
1,661
1,330
1,367
Free Cash Flow*
2,087
3,754
2,774
Depreciation
1,229
905
963
Property, plant and equipment, net
13,792
10,693
9,917
Inventories, net
5,310
3,775
3,881
Total assets
95,289
66,714
63,173
Long-term debt
26,859
18,024
18,589
Total debt
28,724
18,990
20,251
Total long-term liabilities
43,687
29,251
29,773
Total Kraft Foods Shareholders' Equity
35,834
25,876
22,295
Total Equity
35,942
25,972
22,356
Book value per common share outstanding
20.50
17.51
15.18
Market price per Common Stock share - high / low
32.67-27.09
29.84-20.81
34.97-24.75
Closing price of Common Stock at year end
31.51
27.18
26.85
Price / earnings ratio at year end - Basic
13
13
14
Price / earnings ratio at year end - Diluted
13
13
14
Number of common shares outstanding at year end
1,478
1,478
1,469
Number of employees
127,000
97,000
98,000

* Please see Non-GAAP Financial Measures section at the end of Item 7 in the 2009 Annual Report on 10-K.

Selected Financial Data -- Three-Year Review