annual

quarterly

View Ratios

Fiscal year is October-September. All

values USD Millions.

2006

Sales/Revenue

$19,315 $24,006 $32,479 $36,286 $65,067

Sales Growth

Cost of Goods Sold (COGS) incl. D&A

13,717 15,852 21,334 23,469 39,498

2007

2008

2009

2010

24.29% 35.30% 11.72% 79.32%

COGS excluding D&A

13,492 15,535 20,861 22,766 38,471

Depreciation & Amortization

Expense

225

317

473

703

1,027

Depreciation

180

249

363

577

815

Amortization of Intangibles

45

68

110

126

212

COGS Growth

15.56% 34.58% 10.01% 68.30%

Gross Income

5,598

8,154

Gross Income Growth

45.66% 36.68% 15.00% 99.49%

Gross Profit Margin

5-year trend

11,145 12,817 25,569

39.30% NA

annual
quarterly
View Ratios

Assets

Fiscal year is October-September. All values

USD Millions.

Cash & Short Term Investments

2006

2007

2008

2009

2010

$10,110 $15,386 $24,490 $23,501 $25,620

Cash Only

200

256

368

1,139

1,690

Short-Term Investments

9,910

15,130 24,122 22,362 23,930

5-year trend

Fiscal year is October-September. All values

USD Millions.

2006

Cash & Short Term Investments Growth -

2007

2008

2009

2010

52.19% 59.17% -4.04% 9.02%

Cash & ST Investments / Total Assets

58.76% 60.70% 61.89% 43.64% 34.08%

Total Accounts Receivable

2,845

4,029

4,704

5,057

9,924

1,593

2,392

2,422

3,361

5,510

Accounts Receivables, Gross

1,645

2,439

2,469

3,413

5,565

Bad Debt/Doubtful Accounts

(52)

(47)

(47)

(52)

(55)

1,252

1,637

2,282

1,696

4,414

Accounts Receivable Growth

41.62% 16.75% 7.50% 96.24%

Accounts Receivable Turnover

6.79

5.96

6.90

7.18

6.56

Inventories

270

346

509

455

1,051

Finished Goods

270

346

509

455

1,051

Work in Progress

Raw Materials

Progress Payments & Other

1,284

2,195

4,987

7,252

5,083

Prepaid Expenses

208

417

2,406

4,012

157

Miscellaneous Current Assets

1,076

1,778

2,581

3,240

4,926

Accounts Receivables, Net

Other Receivables

Other Current Assets

Total Current Assets

5-year trend

14,509 21,956 34,690 36,265 41,678

Operating Activities

Fiscal year is October-September. All values

USD Millions.

2006

2007

2008

2009

2010

Net Income before Extraordinaries

$1,989 $3,496

$4,834 $5,704 $14,013

Net Income Growth

75.77% 38.27% 18.00% 145.67%

Depreciation, Depletion & Amortization

225

317

473

703

1,027

5-year trend

Fiscal year is October-September. All values

USD Millions.

2006

2007

2008

2009

2010

Depreciation and Depletion

180

249

363

577

815

Amortization of Intangible Assets

45

68

110

126

212

Deferred Taxes & Investment Tax Credit 53

78

(368)

(519)

1,440

Deferred Taxes

53

78

(368)

(519)

1,440

Investment Tax Credit

Other Funds

174

254

538

736

903

Funds from Operations

2,441

4,145

5,477

6,624

17,383

Extraordinaries

Changes in Working Capital

(221)

1,325

4,119

3,535

1,212

Receivables

(357)

(385)

(785)

(939)

(4,860)

Inventories

(105)

(76)

(163)

54

(596)

Accounts Payable

1,611

1,494

596

92

6,307

Income Taxes Payable

Other Accruals

Other Assets/Liabilities

(1,370) 292

4,471

4,328

361

Net Operating Cash Flow

2,220

5,470

9,596

10,159 18,595

Net Operating Cash Flow Growth

146.40% 75.43% 5.87% 83.04%

Net Operating Cash Flow / Sales

11.49% 22.79% 29.54% 28.00% 28.58%

5-year trend

Investing Activities

2006

2008

2009

(657) (986)

(1,199)

(1,213)

(2,121)

Capital Expenditures (Fixed

Assets)

(657) (735)

(1,091)

(1,144)

(2,005)

Capital Expenditures (Other

Assets)

(108)

(69)

(116)

Capital Expenditures

2007

(251)

2010

5-year trend

2006

Capital Expenditures Growth

Capital Expenditures / Sales

2007

2008

-50.08%

2009

2010

-21.60% -1.17%

-74.86%

-3.40% -4.11%

-3.69%

-3.34%

-3.26%

Net Assets from Acquisitions

(220)

(638)

Sale of Fixed Assets & Businesses

40

Purchase/Sale of Investments

1,032 (2,312)

(6,760)

(16,147) (11,093)

Purchase of Investments

(7,280) (11,736)

(23,003) (46,825) (57,811)

Sale/Maturity of Investments

8,312 9,424

16,243

30,678

46,718

Other Uses

(58)

(10)

(74)

(2)

Other Sources

49

Net Investing Cash Flow

357

(3,249)

(8,189)

(17,434) (13,854)

Net Investing Cash Flow Growth

-1,010.08% -152.05% -112.90% 20.53%

Net Investing Cash Flow / Sales

1.85% -13.53%

5-year trend

-25.21% -48.05% -21.29%

Financing Activities

2006

Cash Dividends Paid - Total

2007

2008

2009

2010

Common Dividends

Preferred Dividends

(37)

362

359

393

912

Change in Capital Stock

Repurchase of Common &
Preferred Stk.

(355) (3)

(124)

(82)

Sale of Common & Preferred

Stock

318

365

483

475

912

Proceeds from Stock Options

Other Proceeds from Sale of

Stock

318

365

483

475

912

Issuance/Reduction of Debt, Net

5-year trend

2006

2007

2008

2009

2010

Change in Current Debt

Change in Long-Term Debt

Issuance of Long-Term Debt

Reduction in Long-Term Debt

361

377

757

270

345

Other Uses

(406)

Other Sources

361

377

757

270

751

Net Financing Cash Flow

324

739

1,116

663

1,257

Net Financing Cash Flow Growth

128.09% 51.01% -40.59% 89.59%

Net Financing Cash Flow / Sales

1.68% 3.08%

3.44% 1.83%

1.93%

Miscellaneous Funds

Net Change in Cash

2,901 2,960

2,523

(6,612) 5,998

Free Cash Flow

1,563 4,735

8,505

9,015

Other Funds

Valuation
P/E Current

25.70

P/E Ratio (including extraordinary items) 15.47

Price to Sales Ratio

4.09

Price to Book Ratio

5.60

Price to Cash Flow Ratio

14.54

Enterprise Value to EBITDA

16.81

Enterprise Value to Sales

3.23

Total Debt to Enterprise Value

0.00

Total Debt to EBITDA

0.00

16,590

5-year trend

EPS (recurring)

14.93

EPS (basic)

15.41

EPS (diluted)

15.15

Efficiency
Revenue/Employee

1.32

Income Per Employee 0.28

Receivables Turnover 8.69
Total Asset Turnover 1.01
Liquidity
Current Ratio 2.01
Quick Ratio 1.96
Cash Ratio

1.24

Profitability
Gross Margin

39.30

Operating Margin

28.08

Pretax Margin

28.49

Net Margin

21.54

Return on Assets

21.72

Return on Equity

37.06

Return on Total Capital

37.06

Return on Invested Capital 37.06

Capital Structure
Total Debt to Total Equity

0.00

Total Debt to Total Capital

0.00

Total Debt to Total Assets

0.00

Long-Term Debt to Equity

0.00

Long-Term Debt to Total Capital 0.00

Long-Term Debt to Assets

0.00