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1、2OOOA N N U A L R E P O R T I S S U E230017030020010March 20,INNOVATIONS2000comparative highlightsNet income in 2000 includes a gain on disposal of discontinued operations of$215 million or$0.48 per diluted share.Net income in 1999 includes a gain ondisposal of discontinued operations of$159 million
2、 or$0.36 per diluted share.Millions of dollars and shares except per share data200019991998Diluted income(loss)per share from continuing operations$0.42$0.39$(0.27)Diluted net income(loss)per share1.120.99(0.03)Cash dividends per share0.500.500.50Shareholders equity per share9.209.699.23Revenues$11,
3、944$12,313$14,504Operating income462401170Income(loss)from continuing operations188174(120)Net income(loss)501438(15)Long-term debt(including current maturities)$1,057$1,364$1,426Shareholders equity3,9284,2874,061Capital expenditures$578$520$841Depreciation and amortization503511500Diluted average s
4、hares outstanding446443439nnovation is the theme of our Annual Report for the year 2000.Its the story of thechanges,great and small,technical and organizational,that our more than 90,000 menand women are delivering every day.We take great pride in their contributions.Naturally,the decisions of senio
5、r managementare most often in the spotlight,because those decisions set the direction and the tone forthe organization.But there is much more to our success the extraordinary results produced by the scientists and software developers,the sales people and the project managers,the roughnecks and field
6、 engineers.Their results come from having the right people and the right environment the culturethat helps them focus on the customer,on solving the most important problems,and ondelivering excellent service.Creating and nurturing this culture is our most important task.We welcome this opportunity t