Tyson Foods, Inc. (TSN) 2005年年度报告「NYSE」.pdf

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1、TYSON FOODS,INC.2005 ANNUAL REPORTTyson.Powered by.CONTENTS02 Letter to Shareholders06 Our Core Values Tyson Core Values are our guiding principles.They reflect who we are and ourresponsibilities beyond the business of producing food.12 Value-Added Products In 2005,Tyson Foods focused on market shar

2、e growth,execution and market penetration of value-added food products.14 Operational Efficiencies TysonFoods is building capacity tomanufacture cost-effective,value-added chicken,beef and pork products.16 International Growth Tyson Foodsinternational strategy is to supportour global customers growt

3、h,diversify sales in all markets andincrease in-country production.18 Financial Contents2005 FINANCIAL HIGHLIGHTSTYSON FOODS,INC.2005 ANNUAL REPORTin millions,except per share data200520042003Sales$26,014$26,441$24,549Gross profit1,7401,8911,744Operating income765925837Income before income taxes 528

4、635523Provision for income taxes175232186Net income353403337Diluted earnings per share0.991.130.96Shareholders equity4,6524,2923,954Book value per share13.1312.1911.21Total assets10,50410,46410,486Depreciation and amortization501490458Total debt2,9953,3623,604Cash provided by operating activities999

5、932820Capital expenditures$571$486$402Year end shares outstanding355353353Diluted average shares outstanding357357352Tyson Foods,Inc.,founded in 1935 withheadquarters in Springdale,Arkansas,is theworlds largest processor and marketer ofchicken,beef and pork and the second-largest food company in the

6、 Fortune500.TheCompany produces a wide variety of protein-based and prepared food products,which aremarketed under the“Powered by Tyson”strategy.Tyson is the recognized market leaderin the retail and foodservice markets it serves,providing products and service to customersthroughout the United State