Rock not Roll

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Glenn B


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February 5, 2015








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Organic sales increased 5%. •Diluted earnings per share increased 20%, to $3.64 per share. •Free cash flow from operating activities was $12.8 billion, or 106% of net earnings, well ahead of the 90% cash productivity target. Fiscal 2008 was P&G’s seventh consecutive year of organic sales growth at or ahead of the long-term target range; brand and new product innovations, particularly in developing markets, accounted for virtually all this sales growth...
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Over the same period, diluted earnings per share have grown at a compound average growth rate of 13%(1), well ahead of our long-term target. We’ve generated more than $60 billion in free cash flow since the beginning of the decade. Most importantly, we’ve delivered consistently strong total shareholder return over the past ten-, five-, three- and one-year periods, above the Dow Jones Industrial Average...
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