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2008 Performance Highlights

Financial Highlights
($ millions, except per-share data and percentages)
  2008 2007 2006 2005 2004 5-Year
CAGR1
10-Year
CAGR
Financial Position              
Current assets   2,267.2   1,811.3   1,310.2   1,110.8   1,243.6    
Property, plant & equipment   4,812.2   3,887.4   3,525.8   3,262.8   3,098.9    
Other long-term assets   3,169.4   4,017.9   1,381.0   984.3   784.3    
Total assets
  10,248.8   9,716.6   6,217.0   5,357.9   5,126.8    
Current liabilities   2,615.8   1,001.9   1,103.5   1,096.1   703.7    
Long-term debt   1,739.5   1,339.4   1,357.1   1,257.6   1,258.6    
Other long-term liabilities   1,304.6   1,356.6   976.1   871.7   778.9    
Shareholders' equity   4,588.9   6,018.7   2,780.3   2,132.5   2,385.6    
Total liabilities & shareholders' equity
  10,248.8   9,716.6   6,217.0   5,357.9   5,126.8    
Financial Results              
Sales   9,446.5   5,234.2   3,766.7   3,847.2   3,244.4 28% 14%
Gross margin – Potash   3,055.5   912.3   561.1   707.4   422.8 72% 25%
Gross margin – Phosphate   1,114.5   432.8   125.3   98.9   15.8 73%3 17%
Gross margin – Nitrogen   737.4   536.1   315.6   318.7   242.8 31% 28%
Total Gross Margin
  4,907.4   1,881.2   1,002.0   1,125.0   681.4 67% 23%
Net income   3,495.2   1,103.6   631.8   542.9   298.6 101%3 30%
Net income per share – diluted2   11.01   3.40   1.98   1.63   0.90 100%3 30%
Cash provided by operating activities   3,013.2   1,688.9   696.8   865.1   658.3    
Additions to property, plant & equipment   1,198.3   607.2   508.6   382.7   220.5    
1 Compound annual growth rate.
2 Adjusted for a two-for-one stock split in August 2004 and a three-for-one stock split in May 2007.
3 2003 result was negative, therefore 6-year CAGR used.