Merck Annual Report 2000 Merck Annual Report 2000 [Contents] 3 of 18
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Financial Highlights


Merck & Co., Inc. and Subsidiaries
Percentage Change
from Preceding Year
Years Ended December 31
($ in millions except per share amounts)
2000 1999 1998 2000 1999
Sales $40,363.2 $32,714.0 $26,898.2 +23% +22%(1)
Research and development expenses 2,343.8 2,068.3 1,821.1
Net income 6,821.7 5,890.5 5,248.2 +16% +12%
Earnings per common share assuming dilution $2.90 $2.45 $2.15 +18% +14%
Dividends paid per common share $1.21 $1.10 $ .95 +10% +16%
Average common shares outstanding
    assuming dilution (millions)
2,353.2 2,404.6 2,441.1
Total assets 39,910.4 35,634.9 31,853.4
Capital expenditures 2,727.8 2,560.5 1,973.4
Net income as a % of average total assets 18.1% 17.5% 18.2%
Number of stockholders of record 265,700 280,500 269,600
Number of employees 69,300 62,300 57,300


Chart: Consolidated Sales, Earnings per Common Share Assuming Dilution, Dividends Paid per Common Share

(1) Sales growth for 1999 includes a two point increase, attributable to supply sales to AstraZeneca LP, as a result of the 1998 restructuring of Astra Merck Inc.
(2) Amounts for 1994 include a full year’s impact on results of operations of the Medco acquisition and the impact of the formation of a joint venture with Astra in November 1994.
(3) Amounts for 1993 include the impact of the Medco acquisition and a restructuring charge.


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Merck Annual Report 2000 Merck Annual Report 2000
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