More Related Content Similar to du pont 4Q08 Supplemental Financial Documents Similar to du pont 4Q08 Supplemental Financial Documents (20) du pont 4Q08 Supplemental Financial Documents1. E. I. DUPONT DE NEMOURS AND COMPANY AND CONSOLIDATED SUBSIDIARIES
SUPPLEMENTAL DATA
December 31, 2008
INDEX PAGE
SELECTED OPERATING RESULTS 1
SELECTED INCOME STATEMENT DATA 2
SEGMENT SALES 3
SEGMENT REPORTED INCOME BEFORE INCOME TAXES AND MINORITY INTERESTS 4
SEGEMENT INCOME BEFORE INCOME TAXES AND MINORITY INTERESTS -
EXCLUDING THE IMPACT OF SIGNIFICANT ITEMS 5
SIGNIFICANT ITEMS BY SEGMENT - PRETAX OPERATING INCOME 6
RECONCILIATION OF NON-GAAP MEASURES 7
4Q08 Supplemental Data 1/27/2009
2. E. I. DUPONT DE NEMOURS AND COMPANY AND CONSOLIDATED SUBSIDIARIES
SELECTED OPERATING RESULTS
(dollars in millions)
YTD Year Year Year Year
2008 4Q08 3Q08 2Q08 1Q08 2007 4Q07 3Q07 2Q07 1Q07 2006 4Q06 3Q06 2Q06 1Q06 2005 4Q05 3Q05 2Q05 1Q05 2004
Consolidated Net Sales 30,529 5,820 7,297 8,837 8,575 29,378 6,983 6,675 7,875 7,845 27,421 6,276 6,309 7,442 7,394 26,639 5,827 5,870 7,511 7,431 27,340
Income excluding Significant Items 2,533 (249) 513 1,078 1,191 3,043 522 552 972 997 2,685 422 452 944 867 2,332 126 334 905 967 2,393
Significant Items - After-tax (526) (380) (146) - - (55) 23 (26) - (52) 463 449 33 31 (50) (276) 28 (415) 111 - (613)
Net Income 2,007 (629) 367 1,078 1,191 2,988 545 526 972 945 3,148 871 485 975 817 2,056 154 (81) 1,016 967 1,780
Depreciation 1,169 299 292 291 287 1,158 292 288 288 290 1,157 291 295 285 286 1,128 288 281 276 283 1,124
Cash Provided by (Used for) Operating Activities 3,129 2,635 927 518 (951) 4,290 2,864 1,043 623 (240) 3,736 2,973 695 449 (381) 2,542 2,713 (602) 437 (6) 3,231
Capital Expenditures (1) 2,033 574 548 498 413 1,698 652 402 360 284 1,563 456 380 379 348 1,406 484 335 324 263 1,298
Research and Development Expense (2) 1,393 343 360 360 330 1,338 359 332 337 310 1,302 341 320 328 313 1,336 360 324 339 313 1,333
(1) Includes purchases of property, plant and equipment and investment in affiliates.
(2) Excludes purchased in-process research and development.
4Q08 Supplemental Data 1 1/27/2009
3. E. I. DUPONT DE NEMOURS AND COMPANY AND CONSOLIDATED SUBSIDIARIES
SELECTED INCOME STATEMENT DATA
EXCLUDING THE IMPACT OF SIGNIFICANT ITEMS (1)
(dollars in millions, except per share)
YTD Year Year Year Year
2008 4Q08 3Q08 2Q08 1Q08 2007 4Q07 3Q07 2Q07 1Q07 2006 4Q06 3Q06 2Q06 1Q06 2005 4Q05 3Q05 2Q05 1Q05 2004
Consolidated Net Sales 30,529 5,820 7,297 8,837 8,575 29,378 6,983 6,675 7,875 7,845 27,528 6,383 6,309 7,442 7,394 26,639 5,827 5,870 7,511 7,431 27,340
Segment Sales (2) 30,860 5,873 7,396 8,919 8,672 29,697 7,064 6,753 7,949 7,931 27,833 6,450 6,380 7,519 7,484 26,933 5,893 5,938 7,593 7,509 27,893
Segment PTOI (2) 4,412 (60) 909 1,712 1,851 5,103 937 956 1,579 1,631 4,513 721 850 1,493 1,449 4,195 396 693 1,498 1,608 4,205
EBIT (2) (3) 3,521 (320) 790 1,507 1,544 4,385 728 781 1,415 1,461 3,917 554 700 1,373 1,290 4,072 317 641 1,534 1,580 3,233
EBITDA (2) (3) 4,965 28 1,136 1,877 1,924 5,756 1,070 1,121 1,758 1,807 5,301 900 1,052 1,714 1,635 5,430 663 980 1,867 1,920 4,580
Income Before Income Taxes and
Minority Interests 3,153 (426) 697 1,412 1,470 3,962 620 670 1,308 1,364 3,462 443 586 1,255 1,178 3,591 158 498 1,441 1,494 2,862
Earnings Per Share - Diluted (2) (4) 2.78 (0.28) 0.56 1.18 1.31 3.28 0.57 0.59 1.04 1.07 2.88 0.45 0.49 1.01 0.93 2.34 0.13 0.33 0.90 0.96 2.38
(1) Management believes that an analysis of earnings before significant items, a quot;non-GAAP' measure is meaningful to
investors because it provides insight with respect to ongoing operating results of the company. Significant items
represent special charges or credits that are important to an understanding of the company's ongoing operations.
Such measurements are not recognized in accordance with generally accepted accounting principles (GAAP) and
should not be viewed as an alternative to GAAP measures of performance.
(2) See Reconciliation of Non-GAAP Measures
(3) EBIT is earnings before income taxes, corporate minority interests and interest expense.
EBITDA is EBIT before depreciation and amortization of intangible assets.
(4) Earnings per share for the year may not equal the sum of quarterly earning per share due to changes in average share
calculations.
Note: The data above provides a historical display of Selected Income Statement Data included in our Quarterly Earnings
Release financials. See Quarterly Earnings Release financials for full details, including details on quot;Significant Itemsquot;.
4Q08 Supplemental Data 2 1/27/2009
4. E. I. DUPONT DE NEMOURS AND COMPANY AND CONSOLIDATED SUBSIDIARIES
SEGMENT SALES (1)
(dollars in millions)
SEGMENT SALES YTD Year Year Year Year
2008 4Q08 3Q08 2Q08 1Q08 2007 4Q07 3Q07 2Q07 1Q07 2006 4Q06 3Q06 2Q06 1Q06 2005 4Q05 3Q05 2Q05 1Q05 2004
Agriculture & Nutrition 7,952 1,225 1,303 2,541 2,883 6,842 1,251 1,067 2,074 2,450 6,008 1,014 885 1,935 2,174 6,090 867 912 2,021 2,290 5,939
Coatings & Color Technologies 6,606 1,337 1,757 1,867 1,645 6,609 1,700 1,649 1,701 1,559 6,290 1,575 1,612 1,625 1,478 6,055 1,472 1,497 1,592 1,494 5,839
Electronic & Communication Technologies 3,988 834 1,054 1,074 1,026 3,797 963 935 979 920 3,573 854 892 942 885 3,408 829 861 907 811 3,138
Performance Materials 6,425 1,194 1,708 1,810 1,713 6,630 1,711 1,651 1,679 1,589 6,179 1,523 1,559 1,556 1,541 6,062 1,408 1,378 1,665 1,611 5,863
Safety & Protection 5,729 1,252 1,529 1,583 1,365 5,641 1,397 1,408 1,466 1,370 5,496 1,338 1,385 1,413 1,360 5,144 1,269 1,247 1,366 1,262 4,632
Textiles & Interiors - - - - - - - - - - - - - - - - - - - - 2,319
Other 160 31 45 44 40 178 42 43 50 43 180 39 47 48 46 174 48 43 42 41 163
Total Segment Sales 30,860 5,873 7,396 8,919 8,672 29,697 7,064 6,753 7,949 7,931 27,726 6,343 6,380 7,519 7,484 26,933 5,893 5,938 7,593 7,509 27,893
Elimination of Transfers (331) (53) (99) (82) (97) (319) (81) (78) (74) (86) (305) (67) (71) (77) (90) (294) (66) (68) (82) (78) (553)
CONSOLIDATED NET SALES 30,529 5,820 7,297 8,837 8,575 29,378 6,983 6,675 7,875 7,845 27,421 6,276 6,309 7,442 7,394 26,639 5,827 5,870 7,511 7,431 27,340
(1) Includes transfers. Beginning in 2005, Textiles & Interiors is no longer an operating segment of
the company - any residual activity is reported under Other.
See Quarterly Earnings Release financials for full details.
4Q08 Supplemental Data 3 1/27/2009
5. E. I. DUPONT DE NEMOURS AND COMPANY AND CONSOLIDATED SUBSIDIARIES
INCOME BEFORE INCOME TAXES AND MINORITY INTERESTS (1)
(dollars in millions)
SEGMENT PRETAX OPERATING INCOME - YTD Year Year Year Year
INCLUDING IMPACT OF SIGNIFICANT ITEMS 2008 4Q08 3Q08 2Q08 1Q08 2007 4Q07 3Q07 2Q07 1Q07 2006 4Q06 3Q06 2Q06 1Q06 2005 4Q05 3Q05 2Q05 1Q05 2004
Agriculture & Nutrition 1,087 (182) (21) 504 786 894 (89) (96) 428 651 604 (269) (154) 430 597 875 (267) (135) 514 763 790
Coatings & Color Technologies 326 (301) 190 247 190 840 216 204 226 194 817 287 281 228 21 536 155 29 190 162 718
Electronic & Communication Technologies 436 (46) 137 170 175 594 156 138 176 124 577 117 132 168 160 558 93 145 212 108 202
Performance Materials 128 (223) (91) 223 219 626 53 196 227 150 559 44 169 191 155 515 52 67 189 207 282
Safety & Protection 829 4 251 302 272 1,199 277 313 318 291 1,080 211 293 308 268 994 215 260 286 233 844
Total Growth Platforms 2,806 (748) 466 1,446 1,642 4,153 613 755 1,375 1,410 3,637 390 721 1,325 1,201 3,478 248 366 1,391 1,473 2,836
Pharmaceuticals 1,025 265 260 265 235 949 246 237 241 225 819 240 210 200 169 751 203 197 192 159 681
Textiles & Interiors - - - - - - - - - - - - - - - - - - (533)
Other (181) (112) (44) 1 (26) (224) (55) (76) (37) (56) (173) (54) (31) (32) (56) (90) (55) (16) 5 (24) (249)
TOTAL SEGMENT PRETAX OPERATING INCOME 3,650 (595) 682 1,712 1,851 4,878 804 916 1,579 1,579 4,283 576 900 1,493 1,314 4,139 396 547 1,588 1,608 2,735
Exchange Gains and Losses (255) (116) 45 (29) (155) (85) (35) (30) 8 (28) (4) (9) (3) 26 (18) 445 80 71 183 111 (411)
Corporate Expenses & Interest (1,004) (250) (257) (271) (226) (1,050) (276) (256) (279) (239) (950) (179) (261) (264) (246) (1,021) (318) (266) (212) (225) (882)
INCOME BEFORE INCOME TAXES AND
AND MINORITY INTERESTS 2,391 (961) 470 1,412 1,470 3,743 493 630 1,308 1,312 3,329 388 636 1,255 1,050 3,563 158 352 1,559 1,494 1,442
(1) Beginning in 2005, Textiles & Interiors is no longer an operating segment of the company. Any residual charges are reported under Other.
Note: The data above provides a historical display of selected data included in our Quarterly Earnings Release financials.
See Quarterly Earnings Release financials for full details, including details on quot;Significant Itemsquot;.
4Q08 Supplemental Data 4 1/27/2009
6. E. I. DUPONT DE NEMOURS AND COMPANY AND CONSOLIDATED SUBSIDIARIES
INCOME BEFORE INCOME TAXES AND MINORITY INTERESTS (1)
(dollars in millions)
SEGMENT PRETAX OPERATING INCOME - YTD Year Year Year Year
EXCLUDING IMPACT OF SIGNIFICANT ITEMS 2008 4Q08 3Q08 2Q08 1Q08 2007 4Q07 3Q07 2Q07 1Q07 2006 4Q06 3Q06 2Q06 1Q06 2005 4Q05 3Q05 2Q05 1Q05 2004
Agriculture & Nutrition 1,109 (164) (17) 504 786 894 (89) (96) 428 651 725 (148) (154) 430 597 875 (267) (135) 514 763 818
Coatings & Color Technologies 562 (65) 190 247 190 840 216 204 226 194 827 205 238 228 156 649 155 142 190 162 814
Electronic & Communication Technologies 493 9 139 170 175 594 156 138 176 124 572 112 132 168 160 510 93 145 164 108 377
Performance Materials 438 (129) 125 223 219 811 186 196 227 202 636 121 169 191 155 523 52 78 186 207 623
Safety & Protection 935 105 256 302 272 1,199 277 313 318 291 1,107 245 286 308 268 1,016 215 282 286 233 914
Total Growth Platforms 3,537 (244) 693 1,446 1,642 4,338 746 755 1,375 1,462 3,867 535 671 1,325 1,336 3,573 248 512 1,340 1,473 3,546
Pharmaceuticals 1,025 265 260 265 235 949 246 237 241 225 819 240 210 200 169 751 203 197 192 159 681
Textiles & Interiors - - - - - - - - - - - - - - - - - - - - 124
Other (150) (81) (44) 1 (26) (184) (55) (36) (37) (56) (173) (54) (31) (32) (56) (129) (55) (16) (34) (24) (146)
TOTAL SEGMENT PRETAX OPERATING INCOME 4,412 (60) 909 1,712 1,851 5,103 937 956 1,579 1,631 4,513 721 850 1,493 1,449 4,195 396 693 1,498 1,608 4,205
Exchange Gains and Losses (255) (116) 45 (29) (155) (85) (35) (30) 8 (28) (4) (9) (3) 26 (18) 445 80 71 183 111 (411)
Corporate Expenses & Interest (1,004) (250) (257) (271) (226) (1,056) (282) (256) (279) (239) (1,047) (269) (261) (264) (253) (1,049) (318) (266) (240) (225) (932)
INCOME BEFORE SIGNIFICANT ITEMS, INCOME TAXES
AND MINORITY INTERESTS 3,153 (426) 697 1,412 1,470 3,962 620 670 1,308 1,364 3,462 443 586 1,255 1,178 3,591 158 498 1,441 1,494 2,862
Significant Items - Pretax (762) (535) (227) - - (219) (127) (40) - (52) (133) (55) 50 - (128) (28) - (146) 118 - (1,420)
INCOME BEFORE INCOME TAXES AND MINORITY
INTERESTS 2,391 (961) 470 1,412 1,470 3,743 493 630 1,308 1,312 3,329 388 636 1,255 1,050 3,563 158 352 1,559 1,494 1,442
(1) Beginning in 2005, Textiles & Interiors is no longer an operating segment of the company. Any residual charges are reported under Other.
Note: The data above provides a historical display of selected data included in our Quarterly Earnings Release financials.
See Quarterly Earnings Release financials for full details, including details on quot;Significant Itemsquot;.
4Q08 Supplemental Data 5 1/27/2009
7. E. I. DUPONT DE NEMOURS AND COMPANY AND CONSOLIDATED SUBSIDIARIES
SIGNIFICANT ITEMS BY SEGMENT - PRETAX OPERATING INCOME
(dollars in millions)
YTD Year Year Year Year
2008 4Q08 3Q08 2Q08 1Q08 2007 4Q07 3Q07 2Q07 1Q07 2006 4Q06 3Q06 2Q06 1Q06 2005 4Q05 3Q05 2Q05 1Q05 2004
Agriculture & Nutrition (22) (18) (4) - - - - - - - (121) (121) - - - - - - - - (28)
Coatings & Color Technologies (236) (236) - - - - - - - - (10) 82 43 - (135) (113) - (113) - - (96)
Electronic & Communication Technologies (57) (55) (2) - - - - - - - 5 5 - - - 48 - - 48 - (175)
Performance Materials (310) (94) (216) - - (185) (133) - - (52) (77) (77) - - - (8) - (11) 3 - (341)
Pharmaceuticals - - - - - - - - - - - - - - - - - - - - -
Safety & Protection (106) (101) (5) - - - - - - - (27) (34) 7 - - (22) - (22) - - (70)
Textiles & Interiors - - - - - - - - - - - - - - - - - - - - (657)
Other (31) (31) - - - (40) - (40) - - - - - - - 39 - - 39 - (103)
TOTAL SIGNIFICANT ITEMS BY SEGMENT - PRETAX (762) (535) (227) - - (225) (133) (40) - (52) (230) (145) 50 - (135) (56) - (146) 90 - (1,470)
Note: The data above provides a historical display of significant items included in our Quarterly Earnings Release financials.
See Quarterly Earnings Release financials for full details.
4Q08 Supplemental Data 6 1/27/2009
8. E. I. DUPONT DE NEMOURS AND COMPANY AND CONSOLIDATED SUBSIDIARIES
RECONCILIATION OF NON-GAAP MEASURES
(dollars in millions)
YTD Year Year Year Year
2008 4Q08 3Q08 2Q08 1Q08 2007 4Q07 3Q07 2Q07 1Q07 2006 4Q06 3Q06 2Q06 1Q06 2005 4Q05 3Q05 2Q05 1Q05 2004
RECONCILIATION OF EARNINGS PER SHARE - DILUTED (1)
Income excluding significant items 2.78 (0.28) 0.56 1.18 1.31 3.28 0.57 0.59 1.04 1.07 2.88 0.45 0.49 1.01 0.93 2.34 0.13 0.33 0.90 0.96 2.38
Significant Items (0.58) (0.42) (0.16) - - (0.06) 0.03 (0.03) - (0.06) 0.50 0.49 0.03 0.03 (0.05) (0.27) 0.03 (0.42) 0.11 - (0.61)
Net Income 2.20 (0.70) 0.40 1.18 1.31 3.22 0.60 0.56 1.04 1.01 3.38 0.94 0.52 1.04 0.88 2.07 0.16 (0.09) 1.01 0.96 1.77
RECONCILIATION OF SEGMENT PTOI
Segment PTOI excluding Significant Items 4,412 (60) 909 1,712 1,851 5,103 937 956 1,579 1,631 4,513 721 850 1,493 1,449 4,195 396 693 1,498 1,608 4,205
Significant items included in Segment PTOI (762) (535) (227) - - (225) (133) (40) - (52) (230) (145) 50 - (135) (56) - (146) 90 - (1,470)
Segment PTOI 3,650 (595) 682 1,712 1,851 4,878 804 916 1,579 1,579 4,283 576 900 1,493 1,314 4,139 396 547 1,588 1,608 2,735
RECONCILIATION OF SEGMENT SALES
Segment Sales excluding Significant Items 30,860 5,873 7,396 8,919 8,672 29,697 7,064 6,753 7,949 7,931 27,833 6,450 6,380 7,519 7,484 26,933 5,893 5,938 7,593 7,509 27,893
Significant items included in Segment Sales - - - - - - - - - - (107) (107) - - - - - - - - -
Segment Sales 30,860 5,873 7,396 8,919 8,672 29,697 7,064 6,753 7,949 7,931 27,726 6,343 6,380 7,519 7,484 26,933 5,893 5,938 7,593 7,509 27,893
RECONCILIATION OF CONSOLIDATED SALES
Consolidated Sales excluding Significant Items 30,529 5,820 7,297 8,837 8,575 29,378 6,983 6,675 7,875 7,845 27,528 6,383 6,309 7,442 7,394 26,639 5,827 5,870 7,511 7,431 27,340
Significant items included in Consolidated Sales - - - - - - - - - - (107) (107) - - - - - - - - -
Consolidated Sales 30,529 5,820 7,297 8,837 8,575 29,378 6,983 6,675 7,875 7,845 27,421 6,276 6,309 7,442 7,394 26,639 5,827 5,870 7,511 7,431 27,340
RECONCILIATION OF ADJUSTED EBIT / EBITDA TO CONSOLIDATED INCOME STATEMENT
Income before income taxes and minority interests 2,391 (961) 470 1,412 1,470 3,743 493 630 1,308 1,312 3,329 388 636 1,255 1,050 3,563 158 352 1,559 1,494 1,442
Less: Minority interest in earnings (losses) of consolidated subsidiaries 3 (7) 5 (1) 6 7 2 2 1 2 (15) (18) - 1 2 37 (5) (3) 27 18 (9)
Add: Interest expense 376 104 98 94 80 430 110 113 108 99 460 113 114 119 114 518 154 140 120 104 362
ADJUSTED EBIT 2,764 (850) 563 1,507 1,544 4,166 601 741 1,415 1,409 3,804 519 750 1,373 1,162 4,044 317 495 1,652 1,580 1,813
Add: Depreciation and Amortization 1,444 348 346 370 380 1,371 342 340 343 346 1,384 346 352 341 345 1,358 346 339 333 340 1,347
ADJUSTED EBITDA 4,208 (502) 909 1,877 1,924 5,537 943 1,081 1,758 1,755 5,188 865 1,102 1,714 1,507 5,402 663 834 1,985 1,920 3,160
ADJUSTED EBIT (excluding impact of significant items) 3,521 (320) 790 1,507 1,544 4,385 728 781 1,415 1,461 3,917 554 700 1,373 1,290 4,072 317 641 1,534 1,580 3,233
ADJUSTED EBITDA (excluding impact of significant items) 4,965 28 1,136 1,877 1,924 5,756 1,070 1,121 1,758 1,807 5,301 900 1,052 1,714 1,635 5,430 663 980 1,867 1,920 4,580
RECONCILIATION OF FIXED COST AS A PERCENT OF SALES
Total Charges and Expenses - per Consolidated Income Statement 29,445 7,031 7,247 7,867 7,300 26,910 6,720 6,410 6,931 6,849 25,653 6,447 6,009 6,583 6,614 24,933 6,080 5,958 6,563 6,332 26,553
Remove:
Interest Expense 376 104 98 94 80 430 110 113 108 99 460 113 114 119 114 518 154 140 120 104 362
Fixed Cost - Textiles & Interiors - - - - - - - - - - - - - - 18 - - 8 10 906
Separation Charges - Textiles & Interiors - - - - - - - - - - - - - - (62) - (23) (39) - 667
Variable Costs (2) 15,736 3,245 3,809 4,542 4,140 14,378 3,522 3,332 3,781 3,743 13,300 3,234 3,124 3,505 3,437 12,407 2,939 2,822 3,401 3,245 12,552
Significant Items - charge/(benefit) 762 535 227 - 60 (32) 40 - 52 199 114 (50) - 135 180 - 146 34 - 653
Fixed Cost 12,571 3,147 3,113 3,231 3,080 12,042 3,120 2,925 3,042 2,955 11,694 2,986 2,821 2,959 2,928 11,872 2,987 2,873 3,039 2,973 11,413
Consolidated Net Sales per Consolidated Income Statement 30,529 5,820 7,297 8,837 8,575 29,378 6,983 6,675 7,875 7,845 27,421 6,276 6,309 7,442 7,394 26,639 5,827 5,870 7,511 7,431 27,340
Add Back: Significant Items in Sales - - - - - - - - - - 107 107 - - - - - - - - (2,108)
Adjusted Consolidated Sales 30,529 5,820 7,297 8,837 8,575 29,378 6,983 6,675 7,875 7,845 27,528 6,383 6,309 7,442 7,394 26,639 5,827 5,870 7,511 7,431 25,232
Fixed Costs as a Percent of Sales 41.2% 54.1% 42.7% 36.6% 35.9% 41.0% 44.7% 43.8% 38.6% 37.7% 42.5% 46.8% 44.7% 39.8% 39.6% 44.6% 51.2% 48.9% 40.5% 40.0% 45.2%
(1) Earnings per share for the year may not equal the sum of quarterly earning per share due to changes in average share calculations.
(2) Includes variable manufacturing costs, freight, commissions and other selling expenses which vary with the volume of sales.
4Q08 Supplemental Data 7 1/27/2009