| | Quantités exprimées en millions de US Dollars (excepté sur les produits de parts) | | Veuillez choisir la date de début pour les rapports annuels | |
| BALANCE SHEET (at a glance) |
 | 1993/12 | 1994/12 | 1995/12 | 1996/12 | 1997/12 |   |   |   |   |   | | INDICATORS | | year end date | 1993/12 | 1994/12 | 1995/12 | 1996/12 | 1997/12 |
| date preliminary data loaded | 0000-00-00 | 0000-00-00 | 1996-01-26 | 1997-01-31 | 1998-01-30 |
| earnings period indicator | F | F | F | F | F |
| quarterly indicator | 4 | 4 | 4 | 4 | 4 |
| basic earnings indicator | N | Y | Y | Y | Y |
| template indicator | | | | | |
| preliminary full context ind | N | N | N | N | N |
| projected fiscal year date | 0000-00-00 | 0000-00-00 | 0000-00-00 | 0000-00-00 | 0000-00-00 |
| number of months last report period | 12 | 12 | 12 | 12 | 12 |
| INCOME STATEMENT |
| operating revenue | 13,957.0 | 16,172.0 | 18,018.0 | 18,546.0 | 18,868.0 |
| total revenue | 13,957.0 | 16,172.0 | 18,018.0 | 18,546.0 | 18,868.0 |
| adjustments to revenue | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| cost of sales | 4,800.0 | 5,756.0 | 6,486.0 | 6,259.0 | 5,389.0 |
| cost of sales with depreciation | 4,800.0 | 5,756.0 | 6,486.0 | 6,259.0 | 5,389.0 |
| gross margin | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| gross operating profit | 9,157.0 | 10,416.0 | 11,532.0 | 12,287.0 | 13,479.0 |
| Research & Development (R&D) Expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Selling, General & Administrative (SG&A) Expense | 5,695.0 | 6,297.0 | 6,986.0 | 7,893.0 | 7,852.0 |
| advertising | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| operating income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| EBITDA | 3,462.0 | 4,119.0 | 4,546.0 | 4,394.0 | 5,627.0 |
| depreciation | 360.0 | 411.0 | 454.0 | 479.0 | 626.0 |
| depreciation (unrecognized) | 360.0 | 411.0 | 454.0 | 479.0 | 626.0 |
| amortization | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| amortization of intangibles | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| operating profit after depreciation | 3,102.0 | 3,708.0 | 4,092.0 | 3,915.0 | 5,001.0 |
| interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| earnings from equity interest | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| other income net | 251.0 | 219.0 | 434.0 | 536.0 | 949.0 |
| income, acquired in process r&a | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Income, Restructuring and M&A | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| other special charges | 0.0 | 0.0 | 74.0 | 431.0 | 363.0 |
| special income charges | 0.0 | 0.0 | 74.0 | 431.0 | 363.0 |
| EBIT | 3,353.0 | 3,927.0 | 4,600.0 | 4,882.0 | 6,313.0 |
| interest expense | 168.0 | 199.0 | 272.0 | 286.0 | 258.0 |
| pre-tax income | 3,185.0 | 3,728.0 | 4,328.0 | 4,596.0 | 6,055.0 |
| income taxes | 997.0 | 1,174.0 | 1,342.0 | 1,104.0 | 1,926.0 |
| minority interest | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| pref. securities of subsid. trust | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| income before income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| net income (continuing operations) | 2,188.0 | 2,554.0 | 2,986.0 | 3,492.0 | 4,129.0 |
| net income (discontinued operations) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| net income (total operations) | 2,188.0 | 2,554.0 | 2,986.0 | 3,492.0 | 4,129.0 |
| extraordinary income/losses | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| income from cum. effect of acct. change | -12.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| income from tax loss carryforward | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| other gains/losses | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| total net income | 2,176.0 | 2,554.0 | 2,986.0 | 3,492.0 | 4,129.0 |
| normalized income | 2,188.0 | 2,554.0 | 2,912.0 | 3,061.0 | 3,766.0 |
| net income available for common | 2,188.0 | 2,554.0 | 2,986.0 | 3,492.0 | 4,129.0 |
| preferred dividends | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| excise taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| * |
| Basic EPS (Continuing) | 0.84 | 0.99 | 1.18 | 1.40 | 1.67 |
| Basic EPS (Discontinued) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Basic EPS from Total Operations | 0.84 | 0.99 | 1.18 | 1.40 | 1.67 |
| Basic EPS (Extraordinary Items) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Basic EPS (Cum. Effect of Acct. Change) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Basic EPS (Tax Loss Carry Forward) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Basic EPS (Other Gains/Losses) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Basic EPS - Total | 0.84 | 0.99 | 1.18 | 1.40 | 1.67 |
| Basic EPS - Normalized | 0.84 | 0.99 | 1.15 | 1.23 | 1.52 |
| * |
| Diluted EPS (Continuing) | 0.83 | 0.98 | 1.17 | 1.38 | 1.64 |
| Diluted EPS (Discontinued) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS from Total Operations | 0.83 | 0.98 | 1.17 | 1.38 | 1.64 |
| Diluted EPS (Extraordinary) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS (Cum. Effect of Acct. Change) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS (Tax Loss Carry Forward) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS (Other Gains/Losses) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS - Total | 0.83 | 0.98 | 1.17 | 1.38 | 1.64 |
| Diluted EPS - Normalized | 0.83 | 0.98 | 1.14 | 1.21 | 1.50 |
| Dividends Paid Per Share (DPS) | 0.34 | 0.39 | 0.44 | 0.50 | 0.56 |
| INCOME STATEMENT (YEAR-TO-DATE) |
| Revenue (YTD) | 13,957.0 | 16,172.0 | 18,018.0 | 18,546.0 | 18,868.0 |
| Net Income from Total Operations (YTD) | 2,188.0 | 2,554.0 | 2,986.0 | 3,492.0 | 4,129.0 |
| EPS from Total Operations (YTD) | 0.83 | 0.98 | 1.17 | 1.38 | 1.64 |
| Dividends Paid Per Share (YTD) | 0.34 | 0.39 | 0.44 | 0.50 | 0.56 |
| BALANCE SHEET |
| ASSETS |
| cash & equivalents | 998.0 | 1,386.0 | 1,167.0 | 1,433.0 | 1,737.0 |
| restricted cash | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| marketable securities | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| accounts receivable | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| loans receivable | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| other receivable | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| receivables | 1,243.0 | 1,525.0 | 1,750.0 | 1,641.0 | 1,639.0 |
| inventories, raw materials | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| inventories, work in progress | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| inventories, purchased components | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| inventories, finished goods | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| inventories, other | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| inventories, adjustments & allowances | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| inventories | 1,049.0 | 1,047.0 | 1,117.0 | 952.0 | 959.0 |
| prepaid expenses | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| current defered income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| other current assets | 1,144.0 | 1,247.0 | 1,416.0 | 1,884.0 | 1,634.0 |
| total current assets | 4,434.0 | 5,205.0 | 5,450.0 | 5,910.0 | 5,969.0 |
| land and improvements | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| building and improvements | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| machinery, furniture & equipment | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| construction in progress | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| other fixed assets | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| total fixed assets | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| gross fixed assets | 5,596.0 | 6,157.0 | 6,657.0 | 5,581.0 | 5,771.0 |
| accumulated depreciation | 1,867.0 | 2,077.0 | 2,321.0 | 2,031.0 | 2,028.0 |
| net fixed assets | 3,729.0 | 4,080.0 | 4,336.0 | 3,550.0 | 3,743.0 |
| intangibles | 549.0 | 660.0 | 944.0 | 753.0 | 727.0 |
| cost in excess | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| non-current deferred income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| other non-current assets | 3,309.0 | 3,928.0 | 4,311.0 | 5,948.0 | 6,501.0 |
| total non-current assets | 7,587.0 | 8,668.0 | 9,591.0 | 10,251.0 | 10,971.0 |
| total assets | 12,021.0 | 13,873.0 | 15,041.0 | 16,161.0 | 16,940.0 |
| inventory valuation method | B | B | 8 | 8 | 8 |
| EQUITY & LIABILITIES |
| accounts payable | 2,217.0 | 2,564.0 | 2,894.0 | 2,972.0 | 3,249.0 |
| notes payable | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| short-term debt | 1,672.0 | 2,083.0 | 2,923.0 | 3,397.0 | 3,074.0 |
| accrued expenses | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| accrued liabilities | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| deferred revenues | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| current deferred income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| other current liabilities | 1,282.0 | 1,530.0 | 1,531.0 | 1,037.0 | 1,056.0 |
| total current liabilities | 5,171.0 | 6,177.0 | 7,348.0 | 7,406.0 | 7,379.0 |
| long-term debt | 1,428.0 | 1,426.0 | 1,141.0 | 1,116.0 | 801.0 |
| capital lease obligations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| deferred income taxes | 113.0 | 180.0 | 194.0 | 301.0 | 448.0 |
| other non-current liabilities | 725.0 | 855.0 | 966.0 | 1,182.0 | 1,001.0 |
| minority interest liability | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| preferred secur. of subsid. trust | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| preferred equity outside stock equity | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| total non-current liabilities | 2,266.0 | 2,461.0 | 2,301.0 | 2,599.0 | 2,250.0 |
| total liabilities | 7,437.0 | 8,638.0 | 9,649.0 | 10,005.0 | 9,629.0 |
| preferred stock equity | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| common stock equity | 4,584.0 | 5,235.0 | 5,392.0 | 6,156.0 | 7,311.0 |
| common par | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| additional paid-in capital | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| cumulative translation adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| retained earnings | 9,458.0 | 11,006.0 | 12,882.0 | 15,127.0 | 17,869.0 |
| treasury stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| other equity adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| total capitalization | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| total equity | 4,584.0 | 5,235.0 | 5,392.0 | 6,156.0 | 7,311.0 |
| total liabilities & stock equity | 12,021.0 | 13,873.0 | 15,041.0 | 16,161.0 | 16,940.0 |
| * |
| cash flow | 2,548.0 | 2,965.0 | 3,440.0 | 3,971.0 | 4,755.0 |
| working capital | -737.0 | -972.0 | -1,898.0 | -1,496.0 | -1,410.0 |
| free cash flow | 825.0 | 988.0 | 730.0 | 581.0 | 453.0 |
| invested capital | 6,012.0 | 6,661.0 | 6,533.0 | 7,272.0 | 8,112.0 |
| * |
| shares out (common class only) | 2,594.9 | 2,551.9 | 2,504.6 | 2,481.0 | 2,470.6 |
| preferred shares | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| total ordinary shares | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| total common shares out | 2,594.9 | 2,551.9 | 2,504.6 | 2,481.0 | 2,470.6 |
| treasury shares | 812.1 | 863.4 | 919.1 | 952.0 | 972.8 |
| basic weighted shares | 0.0 | 2,580.0 | 2,525.0 | 2,494.0 | 2,477.0 |
| diluted weighted shares | 0.0 | 2,580.0 | 2,549.0 | 2,523.0 | 2,515.0 |
| number of employees | 34000 | 33000 | 32000 | 26000 | 29500 |
| number of part-time employees | | | | | |
| CASH-FLOW STATEMENT |
| OPERATING ACTIVITIES |
| net income/loss | 2,188.0 | 2,554.0 | 2,986.0 | 3,492.0 | 4,129.0 |
| depreciation | 360.0 | 411.0 | 454.0 | 479.0 | 626.0 |
| amortization | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| amortization of intangibles | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| deferred income taxes | -62.0 | 58.0 | 157.0 | -145.0 | 380.0 |
| operating gains | -110.0 | -10.0 | -48.0 | -580.0 | -1,055.0 |
| extraordinary gains | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| (increase) decrease in receivables | -151.0 | -169.0 | -255.0 | -230.0 | -164.0 |
| (increase) decrease in inventories | -41.0 | 43.0 | -80.0 | -33.0 | -43.0 |
| (increase) decrease in prepaid expenses | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| (increase) decrease in other current assets | -76.0 | -273.0 | -373.0 | -65.0 | -145.0 |
| decrease (increase) in payables | -44.0 | 197.0 | 214.0 | 361.0 | 299.0 |
| decrease (increase) in other current liabilities | 366.0 | 331.0 | 89.0 | 3.0 | 6.0 |
| decrease (increase) in other working capital | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| other non-cash items | 78.0 | 41.0 | -29.0 | 181.0 | 0.0 |
| net cash from continuing operations | 2,508.0 | 3,183.0 | 3,115.0 | 3,463.0 | 4,033.0 |
| net cash from discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| net cash from total operating activities | 2,508.0 | 3,183.0 | 3,115.0 | 3,463.0 | 4,033.0 |
| INVESTING ACTIVITIES |
| sale of property, plant & equipment | 0.0 | 109.0 | 44.0 | 81.0 | 71.0 |
| sale of long-term investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| sale of short-term investments | 29.0 | 856.0 | 580.0 | 1,302.0 | 1,999.0 |
| purchase of property, plant & equipment | -800.0 | -878.0 | -937.0 | -990.0 | -1,093.0 |
| acquisitions | 0.0 | -311.0 | -338.0 | -645.0 | -1,100.0 |
| purchase of long-term investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| purchase of short-term investments | -816.0 | -758.0 | -190.0 | -623.0 | -459.0 |
| other investing changes, net | 702.0 | -55.0 | -172.0 | -175.0 | 82.0 |
| cash from discontinued investing activities | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| net cash from investing activities | -885.0 | -1,037.0 | -1,013.0 | -1,050.0 | -500.0 |
| FINANCING ACTIVITIES |
| issuance of debt | 445.0 | 491.0 | 754.0 | 1,122.0 | 155.0 |
| issuance of capital stock | 145.0 | 69.0 | 86.0 | 124.0 | 150.0 |
| repayment of long-term debt | -567.0 | -154.0 | -212.0 | -580.0 | -751.0 |
| repurchase of capital stock | -680.0 | -1,192.0 | -1,796.0 | -1,521.0 | -1,262.0 |
| payment of cash dividends | -883.0 | -1,006.0 | -1,110.0 | -1,247.0 | -1,387.0 |
| other financing charges, net | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| cash from discontinued financing activities | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| net cash from financing activities | -1,540.0 | -1,792.0 | -2,278.0 | -2,102.0 | -3,095.0 |
| NET CASH FLOW |
| effect exchange rate changes | -41.0 | 34.0 | -43.0 | -45.0 | -134.0 |
| net change in cash & equivalents | 42.0 | 388.0 | -219.0 | 266.0 | 304.0 |
| cash at beginning of period | 956.0 | 998.0 | 1,386.0 | 1,167.0 | 1,433.0 |
| cash end of period | 0.0 | 1,386.0 | 1,167.0 | 1,433.0 | 1,737.0 |
| * |
| foreign sales | 0.0 | 11,080.0 | 12,757.0 | 12,496.0 | 12,425.0 |
| domestic sales | 0.0 | 5,092.0 | 5,261.0 | 6,050.0 | 6,443.0 |
| auditor name | Ernst & Young LLP | Ernst & Young LLP | Ernst & Young LLP | Ernst & Young LLP | Ernst & Young LLP |
| auditor report | QL | UQ | UQ | UQ | UQ |
| RATIOS CALCULATIONS |
| PROFIT MARGINS |
| Close PE Ratio | 26.9 | 26.3 | 31.7 | 38.1 | 40.7 |
| High PE Ratio | 27.2 | 27.3 | 34.3 | 39.3 | 44.3 |
| Low PE Ratio | 22.6 | 19.8 | 20.8 | 26.1 | 30.5 |
| gross profit margin | 65.6 | 64.4 | 64.0 | 66.3 | 71.4 |
| pre-tax profit margin | 22.8 | 23.1 | 24.0 | 24.8 | 32.1 |
| post-tax profit margin | 15.7 | 15.8 | 16.6 | 18.8 | 21.9 |
| net profit margin | 15.7 | 15.8 | 16.6 | 18.8 | 21.9 |
| interest coverage (cont. operations) | 20.0 | 19.7 | 16.9 | 17.1 | 24.5 |
| interest as % of invested capital | 2.8 | 3.0 | 4.2 | 3.9 | 3.2 |
| effective tax rate | 31.3 | 31.5 | 31.0 | 24.0 | 31.8 |
| income per employee | 64353 | 77394 | 93313 | 134308 | 139966 |
| NORMALIZED RATIOS |
| Normalized Close PE Ratio | 26.9 | 26.3 | 32.6 | 43.5 | 44.5 |
| Normalized High PE Ratio | 27.2 | 27.3 | 35.3 | 44.8 | 48.4 |
| Normalized Low PE Ratio | 22.6 | 19.8 | 21.4 | 29.8 | 33.3 |
| normalized net profit margin | 15.7 | 15.8 | 16.2 | 16.5 | 20.0 |
| Normalized ROE | 47.7 | 48.8 | 54.0 | 49.7 | 51.5 |
| Normalized ROA | 18.2 | 18.4 | 19.4 | 18.9 | 22.2 |
| Normalized ROCI | 36.4 | 38.3 | 44.6 | 42.1 | 46.4 |
| normalized income per employee | 64353 | 77394 | 91000 | 117731 | 127661 |
| SOLVENCY RATIOS |
| quick ratio | 0.4 | 0.5 | 0.4 | 0.4 | 0.5 |
| current ratio | 0.9 | 0.8 | 0.7 | 0.8 | 0.8 |
| payout ratio | 41 | 40 | 38 | 36 | 34 |
| total debt/equity ratio | 0.68 | 0.67 | 0.75 | 0.73 | 0.53 |
| long-term debt/total capital | 0.24 | 0.21 | 0.17 | 0.15 | 0.10 |
| EFFICIENCY RATIOS |
| leverage ratio | 2.6 | 2.7 | 2.8 | 2.6 | 2.3 |
| asset turnover | 1.2 | 1.2 | 1.2 | 1.2 | 1.1 |
| cash as % of revenue | 7.2 | 8.6 | 6.5 | 7.7 | 9.2 |
| receivables as % of revenue | 8.9 | 9.4 | 9.7 | 8.8 | 8.7 |
| SG&A as % of Revenue | 40.8 | 38.9 | 38.8 | 42.6 | 41.6 |
| R&D as % of Revenue | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| ACTIVITY RATIOS |
| revenue per $ cash | 13.98 | 11.67 | 15.44 | 12.94 | 10.86 |
| revenue per $ plant (net) | 3.74 | 3.96 | 4.16 | 5.22 | 5.04 |
| revenue per $ common equity | 3.04 | 3.09 | 3.34 | 3.01 | 2.58 |
| revenue per $ invested capital | 2.32 | 2.43 | 2.76 | 2.55 | 2.33 |
| LIQUIDITY RATIOS |
| receivables turnover | 12.0 | 11.7 | 11.0 | 10.9 | 11.5 |
| inventory turnover | 4.6 | 5.5 | 6.0 | 6.1 | 5.6 |
| receivables per day sales | 32.06 | 33.95 | 34.97 | 31.85 | 31.27 |
| sales per $ receivables | 11.23 | 10.60 | 10.30 | 11.30 | 11.51 |
| sales per $ inventory | 13.31 | 15.45 | 16.13 | 19.48 | 19.67 |
| revenue/assets | 1.2 | 1.2 | 1.2 | 1.1 | 1.1 |
| number of days cost of goods in inventory | 78 | 66 | 60 | 60 | 64 |
| current assets per share | 1.71 | 2.04 | 2.18 | 2.38 | 2.42 |
| total assets per share | 4.63 | 5.44 | 6.01 | 6.51 | 6.86 |
| intangibles as % of book-value | 12.0 | 12.6 | 17.5 | 12.2 | 9.9 |
| inventory as % of revenue | 7.5 | 6.5 | 6.2 | 5.1 | 5.1 |
| CAPITAL STRUCTURE RATIOS |
| long-term debt per share | 0.55 | 0.56 | 0.46 | 0.45 | 0.32 |
| current liabilities per share | 1.99 | 2.42 | 2.93 | 2.99 | 2.99 |
| cash per share | 0.38 | 0.54 | 0.47 | 0.58 | 0.70 |
| LT-Debt to Equity Ratio | 0.31 | 0.27 | 0.21 | 0.18 | 0.11 |
| LT-Debt as % of Invested Capital | 23.8 | 21.4 | 17.5 | 15.3 | 9.9 |
| LT-Debt as % of Total Debt | 19.2 | 16.5 | 11.8 | 11.2 | 8.3 |
| total debt as % total assets | 61.9 | 62.3 | 64.2 | 61.9 | 56.8 |
| working captial as % of equity | -16.1 | -18.6 | -35.2 | -24.3 | -19.3 |
| revenue per share | 5.38 | 6.34 | 7.19 | 7.48 | 7.64 |
| book value per share | 1.77 | 2.05 | 2.15 | 2.48 | 2.96 |
| tangible book value per share | 1.55 | 1.79 | 1.78 | 2.18 | 2.66 |
| price/revenue ratio | 4.15 | 4.06 | 5.16 | 7.04 | 8.73 |
| price/equity ratio | 12.61 | 12.56 | 17.27 | 21.22 | 22.53 |
| price/tangible book ratio | 14.40 | 14.39 | 20.86 | 24.14 | 25.07 |
| working capital as % of price | -1.3 | -1.5 | -2.0 | -1.1 | -0.9 |
| PROFITABILITY |
| working capital per share | -0.28 | -0.38 | -0.76 | -0.60 | -0.57 |
| cash flow per share | 0.98 | 1.16 | 1.37 | 1.60 | 1.92 |
| free cash flow per share | 0.32 | 0.39 | 0.29 | 0.23 | 0.18 |
| Return on Stock Equity (ROE) | 47.7 | 48.8 | 55.4 | 56.7 | 56.5 |
| Return on Capital Invested (ROCI) | 36.4 | 38.3 | 45.7 | 48.0 | 50.9 |
| Return on Assets (ROA) | 18.2 | 18.4 | 19.9 | 21.6 | 24.4 |
| price/cash flow ratio | 22.8 | 22.2 | 27.1 | 32.9 | 34.7 |
| price/free cash flow ratio | 69.7 | 66.0 | 128.0 | 228.8 | 370.5 |
| sales per employee | 410500 | 490061 | 563063 | 713308 | 639593 |
| AGAINST THE INDUSTRY RATIOS |
| % of sales-to-industry | 25.8 | 26.2 | 26.4 | 0.0 | 27.8 |
| % of earnings-to-industry | 50.3 | 50.9 | 56.2 | 0.0 | 51.6 |
| % of EPS-to-Industry | 97.6 | 99.0 | 111.4 | 0.0 | 112.3 |
| % of price-to-industry | 107.1 | 121.0 | 146.6 | 0.0 | 158.4 |
| % of PE-to-Industry | 109.8 | 122.3 | 131.5 | 0.0 | 119.7 |
| % of price/book-to-industry | 189.3 | 206.9 | 248.8 | 0.0 | 216.6 |
| % of price/sales-to-industry | 213.9 | 234.7 | 277.4 | 0.0 | 243.9 |
| % of price/cashflow-to-industry | 151.0 | 164.4 | 181.9 | 0.0 | 164.5 |
| % of pric/free cashlow-to-industry | 135.6 | 129.2 | 227.0 | 0.0 | 1476.1 |
| % of debt/equity-to-industry | 34.4 | 30.0 | 23.1 | 0.0 | 14.1 |
| % of current ratio-to-industry | 100.0 | 88.9 | 77.8 | 0.0 | 80.0 |
| % of gross profit margin-to-industry | 116.3 | 115.4 | 115.5 | 0.0 | 122.1 |
| % of pre-tax profit margin-to-industry | 183.9 | 187.8 | 208.7 | 0.0 | 203.2 |
| % of post-tax profit margin-to-industry | 196.3 | 195.1 | 212.8 | 0.0 | 204.7 |
| % of net profit margin-to-industry | 196.3 | 195.1 | 212.8 | 0.0 | 185.6 |
| % of ROE-to-Industry | 172.8 | 171.2 | 191.7 | 0.0 | 165.2 |
| % of leverage-to-industry | 78.8 | 81.8 | 82.4 | 0.0 | 71.9 |
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