Eaton Corporation (ETN) 2005年年度报告「NYSE」.pdf

1、Behind the numbers Eaton Corporation 2005 Annual ReportEaton Corporation is a diversified industrial manufacturer with 2005sales of$11.1billion.Eaton is a global leader in electrical systems and components for power quality,distributionand control;fluid power systems and services for industrial,mobi

2、le and aircraft equipment;intelligent truck drivetrain systems for safety and fuel economy;and automotive engine air management systems,powertrain solutionsand specialty controls for performance,fueleconomy and safety.Eaton has 59,000employeesand sells products to customers in more than 125countries

3、.23Notes to Consolidated Financial Statements37Managements Discussion&Analysis47Ten-Year Consolidated Financial Summary47Quarterly Data48Directors48Elected Officers48Appointed Officers 49Shareholder Information49End NotesLook behind the numbers in this years annual report and youll discover how the

4、extraordinaryefforts of Eatons59,000employees are helping our customers succeed.1Financial Highlights2Letter to Shareholders6Eaton Behind the Numbers16Financial Review Table of Contents 17Reports on Financial Statements18Reports on Internal Control Over Financial Reporting19Consolidated Financial St

5、atements1On anAs reportedoperating basis2005200420052004(Millions except for per share data)Net sales$11,115$9,817$11,115$9,817Income before income taxes9967811,032822Net income805648829675Net income per Common Shareassuming dilution$5.23$4.13$5.38$4.30Average number of Common Shares outstanding ass

6、uming dilution154.0157.1Cash dividends paid per Common Share$1.24$1.08Total assets$10,218$9,075Total debt2,4641,773Shareholdersequity3,7783,606Results on an“Operating Basis”exclude pretax charges for acquisition integration restructuring actions of$36 in 2005($24after-tax,or$.15per Common Share)and$