Full financial details can also be found online.

financial highlights

(in millions)

2000

1999

% Change

CAGR

 ⁽⁴⁾

Revenue

$

29,771

$

27,052

10.1%

7.2%

Operating Expenses

$

25,259

$

23,147

9.1%

5.9%

Net Income (Adjusted)

$

2,795

 ⁽¹⁾

$

2,325

 ⁽²⁾

20.2%

21.8%

Assets

$

21,662

$

23,028

-5.9%

--

Capital Expenditures

$

2,147

$

1,476

45.5%

--

Long-Term Debt

$

2,981

$

1,912

55.9%

--

Shareowners' Equity

$

9,735

$

12,474

-22.0%

 ⁽³⁾

--

1 Net income reported above excludes several non-recurring transactions that added $139 million to 2000 net income.
   Actual net income reported in 2000 was $2.934 billion.
2 Net income reported above excludes a $1.442 billion tax assessment charge in 1999. Actual net income reported in 1999
   was $883 million.
3 Shareowners' equity as of December 31, 1999 included $5.266 billion in proceeds from the November 1999 IPO. In
   March 2000, $4.1 billion was expended as part of a tender offer and an additional $1.1 billion was used to purchase
   shares during the remainder of 2000.
4 Compound Annual Growth Rate (CAGR) from 1995 to 2000.

1 Amounts reported above exclude a $1.442 billion tax assessment charge in 1999.
2 Amounts reported above exclude several non-recurring items that added $139 million to 2000 net income.
3 Excluding $5.266 billion net IPO proceeds in 1999 and 2000.