BECTON DICKINSON AND COMPANY
CONSOLIDATED INCOME STATEMENT
(Unaudited; Amounts in thousands, except per-share data)
Three Months Ended December 31,
2002 (restated)
- -------------------------------------------------------------------------------
REVENUES $ 1,035,901
Cost of products sold 543,237
Selling and administrative 277,162
Research and development 57,109
- -------------------------------------------------------------------------------
TOTAL OPERATING COSTS
AND EXPENSES 877,508
- -------------------------------------------------------------------------------
OPERATING INCOME 158,393
Interest expense, net (8,629)
Other (expense) income, net 302
- -------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES 150,066
Income tax provision 35,747
- -------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS 114,319
LOSS FROM DISCONTINUED OPERATIONS
NET OF INCOME TAXES OF $351 (681)
- -------------------------------------------------------------------------------
NET INCOME 113,638
- -------------------------------------------------------------------------------
EARNINGS PER SHARE
Basic:
Income from continuing operations $ 0.45
Loss from discontinued operations $ --
Net income $ 0.44
- -------------------------------------------------------------------------------
Diluted:
Income from continuing operations $ 0.43
Loss from discontinued operations $ --
Net income $ 0.43
- -------------------------------------------------------------------------------
AVERAGE SHARES OUTSTANDING
Basic 255,286
Diluted 263,081
- -------------------------------------------------------------------------------
Page 1
BECTON DICKINSON AND COMPANY
CONSOLIDATED INCOME STATEMENT
(Unaudited; Amounts in thousands, except per-share data)
Three Months Ended March 31,
2003 (restated)
- -------------------------------------------------------------------------------
REVENUES $ 1,116,715
Cost of products sold 567,418
Selling and administrative 292,768
Research and development 57,345
- -------------------------------------------------------------------------------
TOTAL OPERATING COSTS
AND EXPENSES 917,531
- -------------------------------------------------------------------------------
OPERATING INCOME 199,184
Interest expense, net (8,650)
Other (expense) income, net (1,898)
- -------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES 188,636
Income tax provision 45,065
- -------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS 143,571
LOSS FROM DISCONTINUED OPERATIONS
NET OF INCOME TAXES OF $824 (1,531)
- -------------------------------------------------------------------------------
NET INCOME 142,040
- -------------------------------------------------------------------------------
EARNINGS PER SHARE
Basic:
Income from continuing operations $ 0.56
Loss from discontinued operations $ (0.01)
Net income $ 0.56
- -------------------------------------------------------------------------------
Diluted:
Income from continuing operations $ 0.54
Loss from discontinued operations $ (0.01)
Net income $ 0.54
- -------------------------------------------------------------------------------
AVERAGE SHARES OUTSTANDING
Basic 254,694
Diluted 263,369
- -------------------------------------------------------------------------------
Page 2
BECTON DICKINSON AND COMPANY
CONSOLIDATED INCOME STATEMENT
(Unaudited; Amounts in thousands, except per-share data)
Three Months Ended June 30,
2003 (restated)
- -------------------------------------------------------------------------------
REVENUES $ 1,149,516
Cost of products sold 608,377
Selling and administrative 301,888
Research and development 57,323
- -------------------------------------------------------------------------------
TOTAL OPERATING COSTS
AND EXPENSES 967,588
- -------------------------------------------------------------------------------
OPERATING INCOME 181,928
Interest expense, net (9,656)
Other (expense) income, net (2,077)
- -------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES 170,195
Income tax provision 35,416
- -------------------------------------------------------------------------------
INCOME FROM CONTINUING OPERATIONS 134,779
LOSS FROM DISCONTINUED OPERATIONS
NET OF INCOME TAXES OF $2,663 (4,761)
- -------------------------------------------------------------------------------
NET INCOME 130,018
- -------------------------------------------------------------------------------
EARNINGS PER SHARE
Basic:
Income from continuing operations $ 0.53
Loss from discontinued operations $ (0.02)
Net income $ 0.51
- -------------------------------------------------------------------------------
Diluted:
Income from continuing operations $ 0.51
Loss from discontinued operations $ (0.02)
Net income $ 0.49
- -------------------------------------------------------------------------------
AVERAGE SHARES OUTSTANDING
Basic 255,038
Diluted 265,088
- -------------------------------------------------------------------------------
Page 3