The table below sets forth selected consolidated financial data for the 
Company for each of the years in the five-year period ended December 
31, 1999. Such data have been derived from the consolidated financial 
statements of the Company. Consolidated audited financial statements 
for each of the years in the three-year period ended December 31, 1999, 
including the Notes thereto (collectively, the “Consolidated Financial 
Statements”), are included elsewhere in this annual report.The following 
information should be read in conjunction with “Management’s Discussion 
and Analysis of Financial Condition and Results of Operations” and the 
Consolidated Financial Statements and the related notes thereto inclu-
ded elsewhere in this annual report.

Year Ended December 31,
(in millions, except per share data and ratio data)

1995(1)

1996(1)

1997(1)

1998(1)

1999(1)

Consolidated Statement
of Income Data:

Net sales
Other revenues

$3,520.7
33.7

$4,078.3
44.1

$3,969.8
49.4

$4,210.6
37.2

$5,023.1
33.2

Net revenues
Cost of sales(2)

3,554.4
(2,096.0)

4,122.4
(2,414.7)

4,019.2
(2,457.4)

4,247.8
(2,623.0) 

5,056.3
(3,054.5)

Gross profit(2) 
Operating expenses:

1,458.4

1,707.7

1,561.8

1,624.8

2,001.8

Selling, general & administrative
Research and development(3)

(413.2)
(440.3)

(421.1)
(532.3)

(454.3)
(610.9)

(488.1)
(689.8)

(534.2)
(836.0)

Restructuring costs

(13.0)

—

—

—

—

Other income and expenses(3)

59.1

45.1

23.2

76.5

39.9

Total operating expenses

(807.4)

(908.3)

(1,042.0)

(1,101.4)

(1,330.3)

Operating income

651.0

799.4

519.8

523.4

671.5

Net interest income (expense)

(16.8)

(11.2)

(2.6)

8.7

35.6

Gain on disposal of investment

7.3

Income before income taxes and
minority interests

634.2

 
795.5

 
517.2

 
532.1

 
707.1

Income tax expense

(108.3)

(171.6)

(113.0)

(120.4)

(157.2)

Income before minority interests

525.9

623.9

404.2

411.7

549.9

Minority interests

0.6

1.6

2.4

(0.6)

(2.6)

Net income
Earnings per share (basic)(1)

$526.5
$2.01

$625.5
$2.25

$406.6
$1.46

$411.1
$1.46

$547.3
$1.91

Earnings per share (diluted)(1)

$2.00

$2.25

$1.45

$1.44

$1.87

Number of shares used in calculating 
earnings per share (basic)

261.3

277.4

278.2

281.7

286.4

shares used in calculating 
earnings per share (diluted)

262.6

278.4

279.7

288.1

300.4

Ratio of earnings to fixed charges(4)

13.2

18.6

13.4

12.7

16.3

Consolidated Balance Sheet Data 
(end of period):

Cash, cash equivalents and 
marketable securities

$758.4

$556.4

$702.2

$1,100.7

$1,823.1

Working capital(5)

417.4

611.8

443.5

855.1

398.5

Total assets

4,486.0

5,005.5

5,445.7

6,434.0

7,930.3

Short-term debt (including current portion 
of long-term debt)

492.8

428.2

424.6

191.2

123.2

Long-term debt
(excluding current portion)(1)

200.7

194.9

356.4

755.8

1,348.5

Shareholders’ equity(1)

2,661.7

3,260.0

3,307.4

4,083.3

4,563.9

Consolidated Operating Data:

Capital expenditures(6)

$1,001.9

$1,125.2

$1,035.4

$947.3

$1,347.5

Net cash provided by operating activities

825.1

980.7

983.8

1,012.5

1,469.3

Depreciation and amortization(6)

392.4

535.9

608.1

704.0

806.8

(1) All share information has been adjusted to reflect the 2-for-1 stock split effected in June 1999. Earnings per share have
been restated to reflect the adoption in 1997 of Statement of Financial Accounting Standards No.128 “Earnings per share.
” See Note 2.10 and Note 11 to the Consolidated Financial Statements. On September 22, 1999, the Company completed
an equity offering of 2,990,000 shares of capital stock at $74.6250 per share (“1999 Share Offering”). The net proceeds to 
the Company in connection with the 1999 Share Offering were $216.8 million. On September 22, 1999, the Company also 
completed a debt offering of $720.9 million aggregate initial principal amount of zero-coupon convertible Liquid Yield 
OptionTM Notes due 2009 (the “1999 LYONs”), with yield to maturity of 2.4375% per annum (the “1999 LYONs Offering”). 
The net proceeds to the Company in connection with the 1999 LYONs Offering was $708.3 million. On June 10, 1998, 
the Company completed an equity offering of 6,000,000 shares of capital stock at $36.09 per share (after the 2-for-1 stock 
split)(“1998 Share Offering”). The net proceeds to the Company in connection with the 1998 Share Offering were $208.8 
million. On June 10, 1998, the Company also completed a debt offering of $431.7 million aggregate initial principal 
amount of zero-coupon convertible Liquid Yield OptionTM Notes due 2008 (the “1998 LYONs”), with yield to maturity 
of 1.75% per annum (the “1998 LYONs Offering”). The net proceeds to the Company in connection with the 1998 LYONs 
Offering was $421.8 million. 
(2) Cost of sales is net of certain funds received through government agencies for industrialization costs (which include 
certain costs incurred to bring prototype products to the production stage) included therein. See Note 17 to the Consolidated 
Financial Statements. For a discussion of certain significant charges reflected in cost of sales in 1996, 1997 and 1998, see 
“Management’s Discussion and Analysis of Financial Condition and Results of Operations — Results of Operations.” 
(3) Other income and expenses include, among other things, funds received through government agencies for research and 
development expenses, and the cost of new plant start-ups, as well as foreign currency gains and losses, and the costs of 
certain activities relating to intellectual property and goodwill amortization. The Company’s reported research and deve-
lopment expenses do not include design center, process engineering, pre-production or industrialization costs.
(4) For purposes of calculating the ratio of earnings to fixed charges, earnings consist of income before income taxes and 
minority interests, plus fixed charges. Fixed charges consist of interest expenses. 
(5) Working capital is calculated as current assets (excluding cash, cash equivalents and marketable securities) less current 
liabilities (excluding bank overdrafts, short-term debt and current portion of long-term debt). 
(6) Capital expenditures are net of certain funds received through government agencies, the effect of which is to decrease 
depreciation.