RAYTHEON COMPANY 333 FIVE-YEAR STATISTICAL SUMMARY 3333333333333333333333333333333333333333 (In millions except share amounts and total employees) 2003 2002 2001 2000 1999 RESULTS OF OPERATIONS  333 Net sales $18,109 $16,760 $16,017 $15,817 $16,142 Operating income 1,316 1,783 766 (1) 1,580 1,645 Interest expense 537 497 696 761 724 Income from continuing operations 535 756 2 (1) 477 546 Loss from discontinued operations, net of tax (170) (887) (757) (339) (94) Cumulative effect of change in accounting principle, net of tax — (509) — — (53) Net income (loss) 365 (640) (755) (1) 138 399 Diluted earnings per share from continuing operations $ 1.29 $ 1.85 $ 0.01 (1) $ 1.40 $ 1.60 Diluted earnings (loss) per share 0.88 (1.57) (2.09) (1) 0.40 1.17 Dividends declared per share 0.80 0.80 0.80 0.80 0.80 Average diluted shares outstanding  (in thousands) 415,429 408,031 361,323 341,118 340,784 FINANCIAL POSITION AT YEAR-END 333 Cash and cash equivalents $ 661 $ 544 $ 1,214 $ 871 $ 230 Current assets 6,585 7,190 9,647 9,444 10,732 Property, plant, and equipment, net 2,711 2,396 2,196 2,339 2,224 Total assets 23,668 23,946 26,773 27,049 28,222 Current liabilities 3,849 5,107 5,815 5,071 7,998 Long-term liabilities (excluding debt) 3,281 2,831 1,846 2,021 1,886 Long-term debt 6,517 6,280 6,874 9,051 7,293 Subordinated notes payable 859 858 857 — — Total debt 7,391 8,291 9,094 9,927 9,763 Stockholders’ equity 9,162 8,870 11,381 10,906 11,045 GENERAL STATISTICS 333 Total backlog $27,542 $25,666 $25,605 $25,709 $24,034 U.S. government backlog included above 21,353 18,254 16,943 16,650 14,575 Capital expenditures 428 458 461 421 507 Depreciation and amortization 393 364 677 642 646 Total employees from continuing operations 77,700 76,400 81,100 87,500 90,600 (1) Includes charges of $745 million pretax related to the Company’s commuter aircraft business and Starship aircraft portfolio, $484 million after-tax, or $1.34 per diluted share. Certain prior year amounts have been reclassified to conform with the current year presentation.