P&G 2008 AR – Financial Summary: Net, Margin, Debt, Equity, Assets

Financial Summary (Unaudited)

Amounts in millions, except per share amounts	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998
Net Sales	$83,503	$76,476	$68,222	$56,741	$51,407	$43,377	$40,238	$39,244	$39,951	$38,125	$37,154
Gross Margin	42,808	39,790	35,097	28,869	26,264	21,155	19,159	17,071	18,395	16,901	16,019
Operating Income	17,083	15,450	13,249	10,469	9,382	7,312	6,073	4,260	5,678	6,130	5,581
Net Earnings	12,075	10,340	8,684	6,923	6,156	4,788	3,910	2,612	3,363	3,683	3,472
Net Earnings Margin	14.5%	13.5%	12.7%	12.2%	12.0%	11.0%	9.7%	6.7%	8.4%	9.7%	9.3%
Basic Net Earnings per Common Share	$3.86	$3.22	$2.79	$2.70	$2.34	$1.80	$1.46	$0.96	$1.24	$1.35	$1.25
Diluted Net Earnings per Common Share	3.64	3.04	2.64	2.53	2.20	1.70	1.39	0.92	1.17	1.27	1.18
Dividends Per Common Share	1.45	1.28	1.15	1.03	0.93	0.82	0.76	0.70	0.64	0.57	0.51
Restructuring Program Charges⁽¹⁾	$ —	$ —	$ —	$ —	$ —	$751	$958	$1,850	$814	$481	$ —
Research and Development Expense	2,226	2,112	2,075	1,940	1,802	1,665	1,601	1,769	1,899	1,726	1,546
Advertising Expense	8,667	7,937	7,122	5,929	5,466	4,487	3,782	3,729	3,906	3,542	3,638
Total Assets	143,992	138,014	135,695	61,527	57,048	43,706	40,776	34,387	34,366	32,192	31,042
Capital Expenditures	3,046	2,945	2,667	2,181	2,024	1,482	1,679	2,486	3,018	2,828	2,559
Long-Term Debt	23,581	23,375	35,976	12,887	12,554	11,475	11,201	9,792	9,012	6,265	5,774
Shareholders’ Equity	69,494	66,760	62,908	18,475	18,190	17,025	14,415	12,560	12,673	12,352	12,493
(1) Restructuring program charges, on an after-tax basis, totaled $538, $706, $1,475, $688 and $285 for 2003, 2002, 2001, 2000 and 1999, respectively.