Transcription of Financial Section - Merck.com
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Financial Section - Merck.com
19 merck & Co., Inc. Annual Report 2002 ContentsFinancial ReviewDescription of merck s Business19 Competition and the Health Care Environment20 Business Strategies20 Joint Ventures and Other Equity Method Affiliates21 Foreign Operations23 Operating Results23 Capital and Environmental Expenditures28 Analysis of Liquidity and Capital Resources29 Recently Issued Accounting Standards31 Critical Accounting Policies and Other Matters31 Cautionary Factors That May Affect Future Results37 Dividends Paid per Common Share37 Condensed Interim Financial Data37 Common Stock Market Prices37 Consolidated Statement of Income38 Consolidated Statement of Retained Earnings38 Consolidated Statement of Comprehensive Income38 Consolidated Balance Sheet39 Consolidated Statement of Cash Flows40 Notes to Consolidated Financial Statements41 Management s Report54 Audit
Merck & Co., Inc. Annual Report 2002 19 Contents Financial Review Description of Merck’s Business 19 Competition and the Health Care Environment 20
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