Annual Report 2008 Financial Highlights
ANNUAL REPORT 2008 FINANCIAL HIGHLIGHTS (Thousands of Dollars and Shares Except Per Share Data) 2008 2007 2006 2005 2004 FOR THE YEAR Net revenues $ 4,021,520 3,837,557 3,151,481 3,087,627 2,997,510 Operating profi t $ 494,296 519,350 376,363 310,521 293,012 Net earnings $ 306,766 333,003 230,055 212,075 195,977 EBITDA Net earnings $ 306,766 333,003 230,055 212,075 195,977 Interest expense $ 47,143 34,618 27,521 30,537 31,698 Income taxes $ 134,289 129,379 111,419 98,838 64,111 Depreciation and amortization $ 166,138 156,520 146,707 180,132 146,180 EBITDA (1) $ 654,336 653,520 515,702 521,582 437,966 Cash provided by operating activities $ 593,185 601,794 320,647 496,624 358,506 Cash utilized by investing activities $ 271,920 112,465 83,604 120,671 84,967 Weighted average number of common shares outstanding Basic 140,877 156,054 167,100 178,303 176,540 Diluted 155,230 171,205 181,043 197,436 196,048 PER COMMON SHARE Net earnings Basic $ 2.18 2.13 1.38 1.19 1.11 Diluted $ 2.00 1.97 1.29 1.09 0.96 Cash dividends declared $ 0.80 0.64 0.48 0.36 0.24 Shareholders’ equity $ 9.99 9.54 9.57 9.69 9.25 AT YEAR END Shareholders’ equity $ 1,390,786 1,385,092 1,537,890 1,723,476 1,639,724 Total assets $ 3,168,797 3,237,063 3,096,905 3,301,143 3,240,660 Long-term debt, including current portions $ 709,723 845,071 494,917 528,389 626,822 (1) EBITDA (earnings before interest, taxes, depreciation and amortization) represents net earnings, excluding interest expense, income taxes, depreciation and amortization.
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