05.1
Consolidated Statements of Income
| Table 05.1.1 | CONSOLIDATED STATEMENTS OF INCOME |
| $ in thousands, except share data | Note | 2008 | 2007 |
|---|---|---|---|
| Net revenue | |||
| Dialysis care | 7,737,498 |
7,213,000 |
|
| Dialysis products | 2,874,825 |
2,507,314 |
|
| TOTAL | 10,612,323 |
9,720,314 |
|
| Costs of revenue | |||
| Dialysis care | 5,547,615 |
5,130,287 |
|
| Dialysis products | 1,435,860 |
1,234,232 |
|
| TOTAL | 6,983,475 |
6,364,519 |
|
| Gross profit | 3,628,848 |
3,355,795 | |
| Operating expenses | |||
| Selling, general and administrative | 1,876,177 |
1,709,150 |
|
| Research and development | 80,239 |
66,523 |
|
| OPERATING INCOME | 1,672,432 |
1,580,122 |
|
| Other (income) expense | |||
| Interest income | (24,811) |
(28,588) |
|
| Interest expense | 361,553 |
399,635 |
|
| Income before income taxes and minority interest | 1,335,690 |
1,209,075 |
|
| Income tax expense | 489,142 |
465,652 |
|
| Minority interest | 28,941 |
26,293 |
|
| NET INCOME | 817,607 |
717,130 |
|
BASIC INCOME PER ORDINARY SHARE |
2.75 |
2.43 |
|
FULLY DILUTED INCOME PER ORDINARY SHARE |
2.75 |
2.42 |
|
| See accompanying notes to consolidated financial statements. | |||
