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The Procter & Gamble Company Reports Operating Results (10-Q)
Posted by: gurufocus (IP Logged)
Date: October 25, 2012 05:34PM
The Procter & Gamble Company (PG) filed Quarterly Report for the period ended 2012-09-30.
Highlight of Business Operations:The following table provides the percentage of net sales and net earnings by reportable business segment for the three months ended September 30, 2012 (excludes net sales and net earnings in Corporate):
The following discussion provides a review of results by business segment. Analyses of the results for the three months ended September 30, 2012 are provided based on a comparison to the same three month period ended September 30, 2011. The primary financial measures used to evaluate segment performance are net sales and net earnings. The table below provides supplemental information on net sales and net earnings by business segment for the three months ended September 30, 2012 versus the comparable prior year period (amounts in millions):
Cash used for investing activities was $739 million for the first fiscal quarter, a decrease of $120 million versus the prior year period. The primary investing activity was capital expenditures, which consumed $805 million or 3.9% of net sales, as compared to $833 million in the prior year period. This was partially offset by cash generated from asset sales of $66 million mainly due to proceeds from the divestiture of the Braun household appliances business.