Merck Annual Report 2001
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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)
2001 2000 1999 2001 2000
Sales $47,715.7 $40,363.2 $32,714.0 +18% +23%
Research and development expenses 2,456.4 2,343.8 2,068.3
Net income 7,281.8 6,821.7 5,890.5 + 7% +16%
Earnings per common share assuming dilution $3.14 $2.90 $2.45 + 8% +18%
Dividends paid per common share $1.37 $1.21 $1.10 +13% +10%
Average common shares outstanding
    assuming dilution (millions)
2,322.3 2,353.2 2,404.6
Total assets 44,006.7 40,154.9 35,933.7
Capital expenditures 2,724.7 2,727.8 2,560.5
Net income as a % of average total assets 17.3% 17.9% 17.4%
Number of stockholders of record 256,200 265,700 280,500
Number of employees 78,100 69,300 62,300
Financial Highlights
(1) 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.
(2) Amounts for 1993 include the impact of the Medco acquisition and a restructuring charge.




Trademarks: All product or service names appearing in type form different from that of the surrounding text are trademarks or service marks owned by or licensed to Merck & Co., Inc., its subsidiaries or affiliates. Cozaar and Hyzaar are registered trademarks of E.I. du Pont de Nemours and Company, Wilmington, Del., USA. Zetia is a registered trademark of Schering-Plough Corporation, Kenilworth, N.J., USA. Merck operates as MSD outside the United States.

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Merck Annual Report 2001
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