Eaton
 

 

 

 

 
As Reported
On an Operating Basis

2007
2006
2007
2006
(Millions except for per share data)

Continuing operations

 

Net sales

 
$13,033   
$ 12,232   
$13,033   
$12,232   

Income before income taxes

 
1,041   
969   
1,105   
1,009   

Income after income taxes

 
$ 959   
$ 897   
$ 1,001   
$ 924   

Income from discontinued operations

 
35   
53   
35   
53   

Net income

 
$ 994   
$ 950   
$ 1,036   
$ 977   

Net income per Common Share assuming dilution

 

Continuing operations

 
$ 6.38   
$ 5.87   
$ 6.66   
$ 6.04   

Discontinued operations

 
.24   
.35   
.24   
.35   
$ 6.62   
$ 6.22   
$ 6.90   
$ 6.39   

Average number of Common Shares outstanding assuming dilution

 
150.3   
152.9   
Cash dividends paid per Common Share
$ 1.72   
$ 1.48   


Total assets

 
$ 13,430   
$ 11,417   

Total debt

 
3,417   
2,586   
Shareholders’ equity
5,172   
4,106   


Results on an “operating basis” exclude pretax charges for acquisition integration actions of $64 in 2007 ($42 after-tax, or $.28 per Common Share) and $40 in 2006
($27 after-tax, or $.17 per share).

 

The above graph compares the cumulative total shareholder return for the five years ending December 31, 2007 for Eaton Common Shares, the S&P 1500 Industrial Machinery Index, and the S&P 500 Index. These figures assume all dividends are reinvested when received, and are based on $100 invested in Eaton Common Shares on December 31, 2002.