Diese Präsentation wurde erfolgreich gemeldet.
Wir verwenden Ihre LinkedIn Profilangaben und Informationen zu Ihren Aktivitäten, um Anzeigen zu personalisieren und Ihnen relevantere Inhalte anzuzeigen. Sie können Ihre Anzeigeneinstellungen jederzeit ändern.

emerson electricl 2009 Annual Investor Conference Reconciliation/Non-GAAP

266 Aufrufe

Veröffentlicht am

  • Als Erste(r) kommentieren

  • Gehören Sie zu den Ersten, denen das gefällt!

emerson electricl 2009 Annual Investor Conference Reconciliation/Non-GAAP

  1. 1. The following reconciles each non-GAAP measure with the most directly comparable GAAP measure ($ M): 2003 2004 2005 2006 2007 2008 2009E Operating Profit * $1,936 $2,258 $2,565 $3,053 $3,496 $4,802 ~$3,640 - $3,885 % Sales * 14.2% 14.8% 15.2% 15.5% 15.8% 16.5% 15.9 - 16.4% Interest Expense and Other Deductions, Net (544) (428) (433) (380) (403) (491) ~(630 - 660) Pretax Earnings $1,392 $1,830 $2,132 $2,673 $3,093 $3,591 ~$2,980 - 3,255 % Sales 10.2% 12.0% 12.6% 13.5% 14.0% 14.5% 13.0% - 13.8% 2003 2004 2005 2006 2007 2008 2009E Operating Cash Flow $1,731 $2,216 $2,187 $2,512 $3,016 $3,293 ~$3,200 - 3,400 Capital Expenditures (337) (400) (518) (601) (681) (714) ~$700 Free Cash Flow* $1,394 $1,816 $1,669 $1,911 $2,335 $2,579 ~$2,500 - 2,700 Net Earnings $1,089 $1,257 $1,422 $1,845 $2,136 $2,412 ~$2,000 - 2,200 % of Net Earnings Operating Cash Flow 159% 176% 154% 136% 141% 137% 142% - 160% Capital Expenditures (31%) (32%) (37%) (32%) (32%) (30%) 30% - 32% Free Cash Flow* 128% 144% 117% 104% 109% 107% 110% - 130% Sales $13,958 $15,615 $17,305 $20,133 $22,572 $24,807 ~$23,000 - 23,700 % of Sales Operating Cash Flow 12.4% 14.2% 12.6% 12.5% 13.4% 13.3% ~14.0 - 14.5% Capital Expenditures (2.4%) (2.6%) (3.0%) (3.0%) (3.0%) (2.9%) ~(3%) Free Cash Flow* 10% 11.6% 9.6% 9.5% 10.3% 10.4% 11.0% - 11.5%
  2. 2. 1994 1995 1996 1997 1998 1999 2000 2001 Underlying Sales* 6.6% 7.9% 5.4% 4.5% 4.8% 1.8% 7.2% 0.7% Currency/Acq/Div (1.3%) 8.4% 6.0% 5.8% 4.5% 4.3% 1.7% (1.1%) Net Sales 5.3% 16.3% 11.4% 10.3% 9.3% 6.1% 8.9% (0.4%) 2002 2003 2004 2005 2006 2007 2008 2009E Underlying Sales* (11.5%) (1.4%) 8.3% 5.7% 12.5% 6.9% 6.8% (3-6%) Currency/Acq/Div 0.8% 2.9% 3.6% 5.1% 3.8% 5.2% 5.3% (2 pts) Net Sales (10.7%) 1.5% 11.9% 10.8% 16.3% 12.1% 12.1% (5-8%) Business Group Reconciliation Process Network Power Industrial Climate Appliance & Tools Management Automation Technologies 2008 2009E 2008 2009E 2008 2009E 2008 2009E 2008 2009E Underlying 14% 6-8% 11% (2-6%) 7% (9-12%) 3% (6-10%) (3%) (14-17%) Sales* Currency/Acq/Div 3% (7 pts) 12% (4 pts) 7% (4 pts) 3% (3-4 pts) (1%) - Total Sales 17% (1)-1% 23% (6-10%) 14% (13-16%) 6% (10-13%) (4%) (14-17%)

×