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04 Annual Report >> Financial Highlights   Glossary

Leggett & Platt, Incorporated (Dollar amounts in millions, except per share data)     Year Ended December 31   2004   2003   % Change   Net Sales   $ 5,086   $ 4,388   15.9  % Earnings before interest and income taxes (EBIT)   462   355   30.1    Net earnings   285   206   38.3    Cash provided by operations   343   395   (13.2)   Earnings per share – diluted   1.45   1.05   38.1    Cash dividends declared per share   .58   .54   7.4    Book value per share   12.12   11.00   10.2    Cash and cash equivalents   491   444   10.6    Total assets   4,197   3,890   7.9    Long-term debt   779   1,012   (23.0)   Shareholders’ equity   2,313   2,114   9.4    Stock price range – High   $ 30.68   $ 23.69       Stock price range – Low   $21.19   $17.16       P/E range – High   21   23       P/E range – Low   15   16       Average diluted shares outstanding (in millions)   196.9   197.0       EBIT margin   9.1 % 8.1 %     Net earnings margin   5.6   4.7       Long-term debt as a percent of total capital   24.1   31.0       Long-term debt as a percent of total capital                    (net of cash & current debt)   21.9   23.4       Return on average total capital   9.7   7.7       Return on average shareholders’ equity   12.9   10.1