PRAXAIR 2000 Annual Report

Note 14 Quarterly Data (Unaudited)

c	(Millions of dollars, except per share data)
2000	1Q	2Q	3Q	4Q(a)	Year
Sales	$1,230	$1,265	$1,275	$1,273	$5,043
Cost of sales	$722	761	776	816	$3,075
Depreciation and amortization	$118	118	117	118	$471
Operating profit	$213	219	218	57	$707
Net income	$114	$122	$122	$5	$363
c
Basic per Share Data:
Net income	$0.72	$0.77	$0.77	$0.03	$2.28
Weighted average shares (000's)	159,433	158,515	158,912	159,633	159,123
c
Diluted per Share Data:
Net income	$0.71	$0.76	$0.76	$0.03	$2.25
Weighted average shares (000's)	161,575	160,629	160,854	161,305	161,092
c
c	(Millions of dollars, except per share data)
1999	1Q	2Q	3Q	4Q	Year
Sales	$1,118	$1,149	$1,169	$1,203	$4,639
Cost of sales	$652	673	691	716	$2,732
Depreciation and amortization	$113	111	111	110	$445
Operating profit(b)	$211	201	208	211	$831
c
Income before cumulative effect of an accounting change(b)	$108	$107	$112	$114	$441
Cumulative effect of an accounting change(c)	(10)	-	-	-	(10)
Net income(b)	$ 98	$107	$112	$114	$431
c
Basic per Share Data:(b)
Income before cumulative effect of an accounting change	$0.68	$0.67	$0.70	$0.71	$2.77
Cumulative effect of an accounting change(c)	(.06)	-	-	-	(.06)
Net income	$0.62	$0.67	$0.70	$0.71	$2.71
Weighted average shares (000's)	158,138	159,363	159,704	159,915	159,280
c
Diluted per Share Data:(b)
Income before cumulative effect of an accounting change	$0.67	$0.66	$0.69	$0.70	$2.72
Cumulative effect of an accounting change(c)	(.06)	-	-	-	(.06)
Net income	$0.61	$0.66	$0.69	$0.70	$2.66
Weighted average shares (000's)	161,819	162,641	162,564	162,566	162,222

(a) The fourth quarter 2000 includes $159 million of pre-tax charges ($117 million after tax, or $0.73 per diluted share) related to repositioning and special charges (see Note 2).

(b) Operating profit, net income and per share amounts for the 1999 first quarter and year include income of $21 million, $14 million and $.09 per share, respectively related to net income hedges in Brazil (see Note 5).