2018 Annual Report Our Leadership Team (From Left to Right): Frank A
FINANCIAL HIGHLIGHTS In millions, except per share data 2018 2017 2016 Net Sales $53,762 $49,960 $47,290 Segment Operating Profit 5,877 5,092 4,982 Consolidated Operating Profit 7,334 6,744 5,888 Net Earnings From Continuing Operations 5,046 1,890 3,661 Net Earnings 5,046 1,963 5,173 Diluted Earnings Per Common Share Continuing Operations 17.59 6.50 12.08 Net Earnings 17.59 6.75 17.07 Cash Dividends Per Common Share 8.20 7.46 6.77 Average Diluted Common Shares Outstanding 287 291 303 Cash and Cash Equivalents $772$ 2,861 $ 1,837 Total Assets 44,876 46,620 47,560 Total Debt, net 14,104 14,263 14,282 Total Equity (Deficit) 1,449 (776) 1,477 Common Shares Outstanding at Year-End 281 284 289 Net Cash Provided by Operating Activities $3,138 $ 6,476 $ 5,189 NOTE: For additional information regarding the amounts presented above, see the Form 10-K portion of this Annual Report. A reconciliation of Segment Operating Profit to Consolidated Operating Profit is included on the page preceding the back cover of this Annual Report. On the Cover: F-35B Lightning II On September 29, 2018, the first F-35B Lightning II stealth fighters landed on the flight deck of HMS Queen Elizabeth, as Britain’s newest Royal Navy aircraft carrier conducted trials off the Eastern Seaboard of the United States. These developmental trials included more than 500 take-offs and landings from the warship over an 11-week period. The F-35B is one of three variants of the world’s most advanced supersonic fifth-generation fighter jet.
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