| Financial Statements |
Becton, Dickinson and Company
|
| Consolidated Statements of Income |
| Years Ended September 30 |
| Thousands of dollars, except per-share amounts |
| |
2006 |
2005 |
2004 |
|
| Operations |
|
| Revenues |
$ |
5,834,827 |
|
$ |
5,414,681 |
|
$ |
4,934,745 |
|
| |
|
| Cost of products sold |
|
2,886,853 |
|
|
2,662,029 |
|
|
2,500,362 |
|
| Selling and administrative expense |
|
1,537,494 |
|
|
1,449,856 |
|
|
1,311,467 |
|
| Research and development expense |
|
360,011 |
|
|
271,626 |
|
|
235,649 |
|
| Litigation settlement |
|
— |
|
|
— |
|
|
100,000 |
|
|
| |
|
| Total Operating Costs and Expenses |
|
4,784,358 |
|
|
4,383,511 |
|
|
4,147,478 |
|
|
| |
|
| Operating Income |
|
1,050,469 |
|
|
1,031,170 |
|
|
787,267 |
|
| Interest expense |
|
(66,046 |
) |
|
(55,673 |
) |
|
(44,832 |
) |
| Interest income |
|
59,296 |
|
|
36,421 |
|
|
15,225 |
|
| Other expense, net |
|
(8,762 |
) |
|
(7,064 |
) |
|
(4,792 |
) |
|
| |
|
| Income From Continuing Operations |
|
| Before Income Taxes |
|
1,034,957 |
|
|
1,004,854 |
|
|
752,868 |
|
| |
|
| Income tax provision |
|
279,366 |
|
|
312,571 |
|
|
170,364 |
|
|
| |
|
| Income from Continuing Operations |
|
755,591 |
|
|
692,283 |
|
|
582,504 |
|
|
| |
|
| (Loss) income from Discontinued Operations |
|
| Net of income tax benefit of $1,397, $14,439 and $7,961 |
|
(3,311 |
) |
|
29,980 |
|
|
(115,102 |
) |
|
| |
|
| Net Income |
$ |
752,280 |
|
$ |
722,263 |
|
$ |
467,402 |
|
|
| |
|
| Basic Earnings Per Share |
|
| |
|
| Income from Continuing Operations |
$ |
3.06 |
|
$ |
2.75 |
|
$ |
2.30 |
|
| (Loss) income from Discontinued Operations |
$ |
(0.01 |
) |
$ |
0.12 |
|
$ |
(0.46 |
) |
|
| Basic Earnings Per Share(A) |
$ |
3.04 |
|
$ |
2.87 |
|
$ |
1.85 |
|
|
| |
|
| Diluted Earnings Per Share |
|
| Income from Continuing Operations |
$ |
2.95 |
|
$ |
2.66 |
|
$ |
2.21 |
|
| (Loss) income from Discontinued Operations |
$ |
(0.01 |
) |
$ |
0.11 |
|
$ |
(0.44 |
) |
|
| Diluted Earnings Per Share(A) |
$ |
2.93 |
|
$ |
2.77 |
|
$ |
1.77 |
|
|
(A) Total per share amounts may not add due to rounding.
See notes to consolidated financial statements
|
