Eaton Corporation (ETN) 2004年年度报告「NYSE」.pdf

1、1EverywhereEaton Corporation 2004 Annual ReportEaton Corporation is a diversified industrial manufacturer with 2004sales of$9.8billion.Eaton is a global leader in fluid power systemsand services for industrial,mobile and aircraftequipment;electrical systems and componentsfor power quality,distributi

2、on and control;automotive engine air management systems,powertrain solutions and specialty controls forperformance,fuel economy and safety;and intelligent truck drivetrain systems for safety and fuel economy.Eaton has 55,000employeesand sells products to customers in more than 125countries.For more

3、information,.24Notes to Consolidated Financial Statements38Managements Discussion&Analysis46Quarterly Data47Nine-Year Consolidated Financial Summary48Directors48Elected Officers48Appointed Officers 49Shareholder InformationThe people and products of Eaton Corporation are powering progress virtually

4、everywhere.Learn where and how through the pages of our 2004Annual Report.1Financial Highlights2Letter to Shareholders6Eaton Everywhere17Financial Review Table of Contents 18Reports on Financial Statements19Reports on Internal Control Over Financial Reporting20Consolidated Financial StatementsOn anA

5、s reportedoperating basis2004200320042003(Millions except for per share data)Net sales$9,817$8,061$9,817$8,061Income before income taxes781508822545Net income648386675410Net income per Common Share assuming dilution$4.13$2.56$4.30$2.72Average number of CommonShares outstanding assuming dilution157.1

6、150.5Cash dividends paid per Common Share$1.08$.92Total assets$9,075$8,223Total debt1,7731,953Shareholders equity3,6063,117Results on an“Operating Basis”exclude pretax charges for restructuring and acquisition integration actions of$41in 2004($27after-tax,or$.17per Common Share)and$37in 2003($24afte