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SUPPLEMENTAL FINANCIAL INFORMATION


Year Ended December 31 (in millions, except per share)          2006           2005            2004               2003            2002

Barrels of Anheuser-Busch beer brands sold worldwide           125.0           121.9           116.8              111.0           109.8

Gross sales                                              $17,957.8       $17,253.5       $17,160.2         $16,320.2        $15,686.8
Excise taxes                                              (2,240.7)       (2,217.8)       (2,226.0)         (2,173.5)        (2,120.4)

 Net sales                                                15,717.1        15,035.7        14,934.2             14,146.7     13,566.4
Cost of sales                                            (10,165.0)       (9,606.3)        (9,020.0)            (8,485.1)    (8,161.4)

  Gross profit                                                5,552.1         5,429.4         5,914.2           5,661.6          5,405.0
Marketing, distribution and administrative expenses          (2,832.5)       (2,837.5)       (2,740.5)         (2,642.7)        (2,575.7)
Litigation settlement                                            —             (105.0)           —                  —                —

  Operating income                                           2,719.6         2,486.9         3,173.7            3,018.9         2,829.3
Interest expense                                              (451.3)         (454.5)         (426.9)            (401.5)         (368.7)
Interest capitalized                                            17.6            19.9            21.9               24.4            17.7
Interest income                                                  1.8             2.4             4.7                1.7             1.3
Other income/(expense), net                                    (10.8)            2.7            38.7                0.4            (6.4)

Income before income taxes                                   2,276.9         2,057.4          2,812.1           2,643.9         2,473.2
Provision for income taxes                                    (900.5)         (811.1)        (1,097.5)         (1,026.3)         (984.2)
Equity income, net of tax                                      588.8           498.1            404.1             344.9           351.7

 Net income                                              $ 1,965.2       $ 1,744.4       $ 2,118.7         $ 1,962.5        $ 1,840.7

Basic earnings per share                                 $      2.55     $      2.24     $      2.65       $       2.38     $      2.13
Diluted earnings per share                               $      2.53     $      2.23     $      2.62       $       2.34     $      2.09

Basic weighted average common shares                           770.6           777.5           798.9              826.2           866.0
Diluted weighted average common shares                         777.0           782.6           808.5              837.0           878.9




64                                                                                                     ANHEUSER-BUSCH COMPANIES, INC.
SUPPLEMENTAL FINANCIAL INFORMATION


Year Ended December 31 (in millions, except per share)                  2006           2005        2004        2003           2002

  Total assets                                                     $ 16,377.2      $ 16,555.0   $16,173.4   $14,689.5      $14,119.5
  Debt                                                             $ 7,653.5       $ 7,972.1    $ 8,278.6   $ 7,285.4      $ 6,603.2
  Common dividends paid                                            $    871.6      $ 800.8      $ 742.8     $ 685.4        $ 649.5
    Per share                                                      $     1.13      $     1.03   $     .93   $     .83      $     .75


Selected unaudited quar terly information for 2006 and 2005 (in millions, except per share).

Year Ended December 31, 2006
                                                                         Net          Gross         Net         Earnings Per Share
                                                                        Sales         Profit     Income        Basic         Diluted
First quar ter                                                     $ 3,755.6       $ 1,337.9    $ 499.2       $ .64           $ .64
Second quar ter                                                      4,256.0         1,595.3      637.8         .83             .82
Third quar ter                                                       4,280.7         1,636.1      637.5         .83             .82
Four th quar ter                                                     3,424.8           982.8      190.7         .25             .25
  Annual                                                           $15,717.1       $ 5,552.1    $1,965.2      $2.55           $2.53


Year Ended December 31, 2005
                                                                         Net          Gross         Net         Earnings Per Share
                                                                        Sales         Profit     Income        Basic         Diluted
First quar ter                                                      $ 3,563.7       $1,332.7    $ 500.4        $ .64          $ .64
Second quar ter                                                       4,018.1        1,538.3      593.6          .76            .76
Third quar ter                                                        4,088.5        1,570.9      504.8          .65            .65
Four th quar ter                                                      3,365.4          987.5      145.6          .19            .19
  Annual                                                            $15,035.7       $5,429.4    $1,744.4       $2.24          $ 2.23




ANHEUSER-BUSCH COMPANIES, INC.                                                                                                     65

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anheuser-busch SupplementalFinancialInfo

  • 1. SUPPLEMENTAL FINANCIAL INFORMATION Year Ended December 31 (in millions, except per share) 2006 2005 2004 2003 2002 Barrels of Anheuser-Busch beer brands sold worldwide 125.0 121.9 116.8 111.0 109.8 Gross sales $17,957.8 $17,253.5 $17,160.2 $16,320.2 $15,686.8 Excise taxes (2,240.7) (2,217.8) (2,226.0) (2,173.5) (2,120.4) Net sales 15,717.1 15,035.7 14,934.2 14,146.7 13,566.4 Cost of sales (10,165.0) (9,606.3) (9,020.0) (8,485.1) (8,161.4) Gross profit 5,552.1 5,429.4 5,914.2 5,661.6 5,405.0 Marketing, distribution and administrative expenses (2,832.5) (2,837.5) (2,740.5) (2,642.7) (2,575.7) Litigation settlement — (105.0) — — — Operating income 2,719.6 2,486.9 3,173.7 3,018.9 2,829.3 Interest expense (451.3) (454.5) (426.9) (401.5) (368.7) Interest capitalized 17.6 19.9 21.9 24.4 17.7 Interest income 1.8 2.4 4.7 1.7 1.3 Other income/(expense), net (10.8) 2.7 38.7 0.4 (6.4) Income before income taxes 2,276.9 2,057.4 2,812.1 2,643.9 2,473.2 Provision for income taxes (900.5) (811.1) (1,097.5) (1,026.3) (984.2) Equity income, net of tax 588.8 498.1 404.1 344.9 351.7 Net income $ 1,965.2 $ 1,744.4 $ 2,118.7 $ 1,962.5 $ 1,840.7 Basic earnings per share $ 2.55 $ 2.24 $ 2.65 $ 2.38 $ 2.13 Diluted earnings per share $ 2.53 $ 2.23 $ 2.62 $ 2.34 $ 2.09 Basic weighted average common shares 770.6 777.5 798.9 826.2 866.0 Diluted weighted average common shares 777.0 782.6 808.5 837.0 878.9 64 ANHEUSER-BUSCH COMPANIES, INC.
  • 2. SUPPLEMENTAL FINANCIAL INFORMATION Year Ended December 31 (in millions, except per share) 2006 2005 2004 2003 2002 Total assets $ 16,377.2 $ 16,555.0 $16,173.4 $14,689.5 $14,119.5 Debt $ 7,653.5 $ 7,972.1 $ 8,278.6 $ 7,285.4 $ 6,603.2 Common dividends paid $ 871.6 $ 800.8 $ 742.8 $ 685.4 $ 649.5 Per share $ 1.13 $ 1.03 $ .93 $ .83 $ .75 Selected unaudited quar terly information for 2006 and 2005 (in millions, except per share). Year Ended December 31, 2006 Net Gross Net Earnings Per Share Sales Profit Income Basic Diluted First quar ter $ 3,755.6 $ 1,337.9 $ 499.2 $ .64 $ .64 Second quar ter 4,256.0 1,595.3 637.8 .83 .82 Third quar ter 4,280.7 1,636.1 637.5 .83 .82 Four th quar ter 3,424.8 982.8 190.7 .25 .25 Annual $15,717.1 $ 5,552.1 $1,965.2 $2.55 $2.53 Year Ended December 31, 2005 Net Gross Net Earnings Per Share Sales Profit Income Basic Diluted First quar ter $ 3,563.7 $1,332.7 $ 500.4 $ .64 $ .64 Second quar ter 4,018.1 1,538.3 593.6 .76 .76 Third quar ter 4,088.5 1,570.9 504.8 .65 .65 Four th quar ter 3,365.4 987.5 145.6 .19 .19 Annual $15,035.7 $5,429.4 $1,744.4 $2.24 $ 2.23 ANHEUSER-BUSCH COMPANIES, INC. 65