Financial Statements
Consolidated Statements of Income
Consolidated Statements of Comprehensive Income
Consolidated Balance Sheets
Consolidated Statements of Cash Flows
Consolidated Statements of Income
Years Ended September 30
Thousands of dollars, except per-share amounts
| | | 2002 |
| | 2001 |
| | 2000 |
![]() |
Operations
Revenues |
$ |
4,033,069 | |
$ |
3,746,182 | |
$ |
3,618,334 | |
![]() |
|
Cost of products sold |
| 2,083,669 | |
| 1,913,292 | |
| 1,848,332 | |
![]() |
|
Selling and administrative expense |
| 1,032,043 | |
| 983,296 | |
| 973,902 | |
![]() |
|
Research and development expense |
| 220,186 | |
| 211,834 | |
| 223,782 | |
![]() |
|
Special charges |
| 21,508 | |
| - | |
| 57,514 | |
![]() |
Total Operating Costs and Expenses |
| 3,357,406 | |
| 3,108,422 | |
| 3,103,530 | |
![]() |
Operating Income |
| 675,663 | |
| 637,760 | |
| 514,804 | |
![]() |
Interest expense, net |
| (33,304 | ) |
| (55,414 | ) |
| (74,197 | ) |
![]() |
|
Other (expense) income, net |
| (13,770 | ) |
| (5,596) | ) |
| 79,327 | |
![]() |
Income Before Income Taxes and Cumulative
Effect of Change in Accounting Principle |
| 628,589 | |
| 576,750 | |
| 519,934 | |
![]() |
Income tax provision |
| 148,607 | |
| 138,348 | |
| 127,037 | |
![]() |
Income Before Cumulative Effect of Change in Accounting Principle |
| 479,982 | |
| 438,402 | |
| 392,897 | |
![]() |
Cumulative effect of change in accounting principle, net of tax |
| - | |
| (36,750 | ) |
| - | |
![]() |
Net Income |
$ |
479,982 | |
$ |
401,652 | |
$ |
392,897 | |
![]() |
Basic Earnings Per Share
Before Cumulative Effect of Change in Accounting Principle |
$ |
1.85 | |
$ |
1.69 | |
$ |
1.54 | |
![]() |
|
Cumulative effect of change in accounting principle, net of tax |
| - | |
| (0.14 | ) |
| - | |
![]() |
|
Basic Earnings Per Share |
$ |
1.85 | |
$ |
1.55 | |
$ |
1.54 | |
![]() |
Diluted Earnings Per Share
Before Cumulative Effect of Change in Accounting Principle |
$ |
1.79 | |
$ |
1.63 | |
$ |
1.49 | |
![]() |
|
Cumulative effect of change in accounting principle, net of tax |
| - | |
| (0.14 | ) |
| - | |
![]() |
|
Diluted Earnings Per Share |
$ |
1.79 | |
$ |
1.49 | |
$ |
1.49 | |
![]() |
See Notes to Consolidated Financial Statements
|