Exhibit 1 MONSANTO COMPANY Income Statement (in millions of dollars) Years Ended August 31 2005 2006...

Transcribed Image Text:

Exhibit 1 MONSANTO COMPANY Income Statement (in millions of dollars) Years Ended August 31 2005 2006 2007 2008 Net Sales Roundup 2,049 2,262 2,568 4,094 Corn Seeds and Traits 1,494 1,793 2,807 3,542 All other 2,732 3,010 2,974 3,729 6,275 7,065 8,349 11,365 Cost of Goods Sold 3,280 3,622 4,119 5,188 Gross Profits 2,995 3,443 4,230 6,177 Selling, General, and Administrative 1,404 1,604 1,858 2,312 Research and Development 813 700 963 1,144 Operating Expenses 2,217 2,304 2,821 3,456 Net Income from Operations 778 1,139 1,409 2,721 Other Expenses 304 (13) (123) (312) Interest Expense 115 133 136 110 Income Before Taxes 359 1,019 1,396 2,923 Income Taxes 104 330 403 899 Net Income 255 689 993 2,024 Data source: Monsanto Company annual reports, 2005-08. MONSANTO COMPANY Balance Sheet (in millions of dollars) As of August 31 2005 2006 2007 2008 Assets Cash Accounts Receivable (a) Inventory 525 1,460 866 1,613 1,473 1,455 1,578 2,703 1,664 1,688 1,719 2,453 Other Current Assets 982 858 1,000 1,476 Current Assets 4,644 5,461 5,163 8,245 Property, Plant, and Equipment, Net 2,378 2,418 2,656 3,323 Goodwill 2,401 2,751 4,040 4,663 Other Long-Term Assets (b) 1,156 1,098 1,124 1,760 Fixed assets 5,935 6,267 7,820 9,746 Total Assets 10,579 11,728 12,983 17,991 Liabilities and Shareholders' Equity Short-Term Debt 126 28 270 24 Accounts Payable 525 514 649 1,090 Income Taxes Payable 208 234 150 161 Dividends Payable 55 96 132 Deferred Revenues 120 260 867 Other Accruals 1,300 1,328 1,650 2,165 Current Liabilities 2,159 2,279 3,075 4,439 Long-Term Debt 1,458 1,639 1,150 1,792 Other Deferred Revenue/Liabilities 1,349 1,285 1,255 2,386 Total Liabilities 4,966 5,203 5,480 8,617 Common Stock 3 6 6 6 Treasury Stock (500) (623) (814) (1,177) Additional Contributed Capital 8,588 8,879 9,106 9,495 Retained Earnings (2,478) (1,737) (795) 1,050 Shareholders' Equity 5,613 6,525 7,503 9,374 Total Liabilities and Equity 10,579 11,728 12,983 17,991 Exhibit 3 MONSANTO COMPANY Statement of Cash Flows (in millions of dollars) Year Ended August 31 2006 2007 2008 Operating Activities Net Income 689 993 2,024 Adjustments for Items that Did Not Require (Provide) Cash: Depreciation and Amortization 519 527 573 Deferred Taxes (Other Long-Term Assets) 58 (26) (636) Changes in Assets and Liabilities that Provided (Required) Cash: Accounts Receivable 18 (123) (1,125) Inventory (24) (31) (734) Other Current Assets 124 (142) (476) Accounts Payable (11) 135 441 Income Taxes Payable 26 (84) 11 Dividends Payable 55 41 36 Deferred Revenues 120 140 607 Other Accruals 28 322 515 Other Deferred Revenue/Liabilities (64) (30) 1,131 Net Cash Provided by Operating Activities 1,538 1,722 2,367 Investing Activities Capital Expenditures (370) (509) (918) Acquisitions (539) (1,545) (945) Net Cash Required by Investing Activities (909) (2,054) (1,863) Financing Activities Net Purchases of Short-Term Investments (98) 242 (246) Net Long-Term Debt Proceeds 181 (489) 642 Dividend (133) (299) (481) Treasury Stock Purchase (123) (191) (363) Other Equity Account Changes 479 475 691 Net Cash Required by Financing Activities 306 (262) 243 Net Increase (Decrease) in Cash 935 (594) 747 Exhibit 4 MONSANTO COMPANY Corn Production in the United States Total Acreage Planted Total Year (in thousands) Harvest Harvest Used for Grain Yield per Acre (bushels) 1998 80,165 78,502 72,589 134.44 Production (in thousands of bushels) 9,758,685 1999 77,386 76,524 70,487 133.79 9,430,612 2000 79,551 78,522 72,440 136.87 9,915,051 2001 75,702 74,910 68,768 138.18 9,502,580 2002 78,894 76,452 69,330 129.33 8,966,787 2003 78,603 77,527 70,944 142.21 10,089,222 2004 80,929 79,732 73,631 160.35 11,807,086 2005 81,779 81,047 75,117 147.96 11,114,082 2006 78,327 77,125 70,648 149.12 10,534,868 2007 93,600 92,613 86,542 151.07 13,073,893 Exhibit 1 MONSANTO COMPANY Income Statement (in millions of dollars) Years Ended August 31 2005 2006 2007 2008 Net Sales Roundup 2,049 2,262 2,568 4,094 Corn Seeds and Traits 1,494 1,793 2,807 3,542 All other 2,732 3,010 2,974 3,729 6,275 7,065 8,349 11,365 Cost of Goods Sold 3,280 3,622 4,119 5,188 Gross Profits 2,995 3,443 4,230 6,177 Selling, General, and Administrative 1,404 1,604 1,858 2,312 Research and Development 813 700 963 1,144 Operating Expenses 2,217 2,304 2,821 3,456 Net Income from Operations 778 1,139 1,409 2,721 Other Expenses 304 (13) (123) (312) Interest Expense 115 133 136 110 Income Before Taxes 359 1,019 1,396 2,923 Income Taxes 104 330 403 899 Net Income 255 689 993 2,024 Data source: Monsanto Company annual reports, 2005-08. MONSANTO COMPANY Balance Sheet (in millions of dollars) As of August 31 2005 2006 2007 2008 Assets Cash Accounts Receivable (a) Inventory 525 1,460 866 1,613 1,473 1,455 1,578 2,703 1,664 1,688 1,719 2,453 Other Current Assets 982 858 1,000 1,476 Current Assets 4,644 5,461 5,163 8,245 Property, Plant, and Equipment, Net 2,378 2,418 2,656 3,323 Goodwill 2,401 2,751 4,040 4,663 Other Long-Term Assets (b) 1,156 1,098 1,124 1,760 Fixed assets 5,935 6,267 7,820 9,746 Total Assets 10,579 11,728 12,983 17,991 Liabilities and Shareholders' Equity Short-Term Debt 126 28 270 24 Accounts Payable 525 514 649 1,090 Income Taxes Payable 208 234 150 161 Dividends Payable 55 96 132 Deferred Revenues 120 260 867 Other Accruals 1,300 1,328 1,650 2,165 Current Liabilities 2,159 2,279 3,075 4,439 Long-Term Debt 1,458 1,639 1,150 1,792 Other Deferred Revenue/Liabilities 1,349 1,285 1,255 2,386 Total Liabilities 4,966 5,203 5,480 8,617 Common Stock 3 6 6 6 Treasury Stock (500) (623) (814) (1,177) Additional Contributed Capital 8,588 8,879 9,106 9,495 Retained Earnings (2,478) (1,737) (795) 1,050 Shareholders' Equity 5,613 6,525 7,503 9,374 Total Liabilities and Equity 10,579 11,728 12,983 17,991 Exhibit 3 MONSANTO COMPANY Statement of Cash Flows (in millions of dollars) Year Ended August 31 2006 2007 2008 Operating Activities Net Income 689 993 2,024 Adjustments for Items that Did Not Require (Provide) Cash: Depreciation and Amortization 519 527 573 Deferred Taxes (Other Long-Term Assets) 58 (26) (636) Changes in Assets and Liabilities that Provided (Required) Cash: Accounts Receivable 18 (123) (1,125) Inventory (24) (31) (734) Other Current Assets 124 (142) (476) Accounts Payable (11) 135 441 Income Taxes Payable 26 (84) 11 Dividends Payable 55 41 36 Deferred Revenues 120 140 607 Other Accruals 28 322 515 Other Deferred Revenue/Liabilities (64) (30) 1,131 Net Cash Provided by Operating Activities 1,538 1,722 2,367 Investing Activities Capital Expenditures (370) (509) (918) Acquisitions (539) (1,545) (945) Net Cash Required by Investing Activities (909) (2,054) (1,863) Financing Activities Net Purchases of Short-Term Investments (98) 242 (246) Net Long-Term Debt Proceeds 181 (489) 642 Dividend (133) (299) (481) Treasury Stock Purchase (123) (191) (363) Other Equity Account Changes 479 475 691 Net Cash Required by Financing Activities 306 (262) 243 Net Increase (Decrease) in Cash 935 (594) 747 Exhibit 4 MONSANTO COMPANY Corn Production in the United States Total Acreage Planted Total Year (in thousands) Harvest Harvest Used for Grain Yield per Acre (bushels) 1998 80,165 78,502 72,589 134.44 Production (in thousands of bushels) 9,758,685 1999 77,386 76,524 70,487 133.79 9,430,612 2000 79,551 78,522 72,440 136.87 9,915,051 2001 75,702 74,910 68,768 138.18 9,502,580 2002 78,894 76,452 69,330 129.33 8,966,787 2003 78,603 77,527 70,944 142.21 10,089,222 2004 80,929 79,732 73,631 160.35 11,807,086 2005 81,779 81,047 75,117 147.96 11,114,082 2006 78,327 77,125 70,648 149.12 10,534,868 2007 93,600 92,613 86,542 151.07 13,073,893