Financial Highlights HARSCO CORPORATION 2002 ANNUAL REPORT 1 Dollars in thousands, except per share amounts 2002 2001  (1) 2000 (1)(2) Operating Information Total revenues from continuing operations $ 1,976,732 $ 2,025,163 $ 1,904,691 Operating income from continuing operations 175,971 167,736 190,839 Net income 90,106 71,725 96,803 Effective income tax rate 31.0% 32.5% 31.5% Ratios  (3) Current ratio 1.5:1 1.5:1 1.3:1 Return on average capital 8.3% 7.4% 9.4% Return on average equity 12.6% 11.1% 14.4% Return on average assets 8.7% 8.1% 9.9% Debt to total capitalization 49.8% 52.6% 55.4% Per Share Diluted earnings  $ 2.21 $ 1.79  $ 2.42 Book value  15.90 17.16 16.94 Cash dividends declared  1.0125 .97 .945 Other Information Diluted average shares outstanding (in thousands) 40,680 40,066 40,022 Number of employees 17,500 18,700 19,700 (1) In order to comply with the Financial Accounting Standards Board (FASB) Statement No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets," 2001 and 2000 information has been reclassified for comparative purposes. (2) Includes SGB Group Plc, since date of acquisition (June 2000). (3) Ratios are based on continuing operations. Total Revenues (1) (Dollars in millions) Operating Income (1) (Dollars in millions) Diluted Earnings Per Share  (In dollars) Cash Dividends Declared Per Share (In dollars) 1,905 2,025 1,977 International U.S. 00 01 02 176.0 167.7 190.8 00 01 02 International U.S. 00 01 02 2.21 1.79 2.42 .945 .97 1.01 00 01 02