SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported) September 29, 1997 (4/30/97)
E. I. du Pont de Nemours and Company
(Exact Name of Registrant as Specified in Its Charter)
Delaware 1-815 51-0014090
(State or Other Jurisdiction (Commission (I.R.S Employer
of Incorporation) File Number) Identification No.)
1007 Market Street
Wilmington, Delaware 19898
(Address of principal executive offices)
Registrant's telephone number, including area code: (302) 774-1000
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Item 5. Other Events
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On April 30, 1997, the stockholders of the Company approved an amendment
to the Charter to increase the number of authorized shares of DuPont common
stock in order to effect a two-for-one stock split. On June 12, 1997, one
additional share of common stock was delivered to stockholders of record at
the close of business on May 15, 1997.
Item 7. Financial Statements
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The following pro forma financial information reflects the two-for-one
stock split on an historical basis:
Attachment I - Five-Year Financial Review 1992 through 1996
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
E. I. DU PONT DE NEMOURS AND COMPANY
(Registrant)
/s/ D. B. Smith
------------------------------------
D. B. Smith
Assistant Controller
September 29, 1997
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<TABLE>
Attachment I
E. I. du Pont de Nemours and Company
Five-Year Financial Review
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(Dollars in millions, except per share)
<CAPTION>
1996 1995 1994 1993 1992
---------- ---------- --------- ------------ -----------
<S> <C> <C> <C> <C> <C>
Summary of Operations
- ---------------------
Sales $ 43,810 $ 42,163 $ 39,333 $ 37,098 $ 37,799
Earnings Before Income Taxes $ 5,981 $ 5,390 $ 4,382 $ 958 $ 1,811
Provision for income Taxes $ 2,345 $ 2,097 $ 1,655 $ 392 $ 836
Net Income $ 3,636 $ 3,293 $ 2,727 $ 566<F2> $ 975<F2>
Earnings Per Share of Common Stock<F1> $ 3.23 $ 2.81 $ 2.00 $ .41 $ .72
Financial Position at Year End
- ------------------------------
Working Capital $ 116 $ (1,776) $ 3,543 $ 1,460 $ 2,002
Total Assets $ 37,987 $ 37,312 $ 36,892 $ 37,053 $ 38,870
Borrowings and Capital Lease Obligations:
Short Term $ 3,910 $ 6,157 $ 1,292 $ 2,796 $ 3,799
Long Term $ 5,087 $ 5,678 $ 6,376 $ 6,531 $ 7,193
Stockholders' Equity $ 10,709 $ 8,436 $ 12,822 $ 11,230 $ 11,765
Ratios
- ------
Dividends as Percent of Cash Provided by Operations 20% 18% 22% 22% 27%
Cash Provided by Operations as Percent of Total Debt 71% 57% 74% 58% 40%
Total Debt as percent of Total Capitalization 44% 58% 37% 45% 48%
Return on Average Investors' Capital 19.9% 17.9% 14.6% 4.0% 5.9%
Net Income As Percent of Average Stockholders' Equity 37.8% 32.7% 22.6% 4.8% 8.1%
General
- -------
For the Year:
Capital Expenditures $ 3,730 $ 3,643 $ 3,241 $ 3,725 $ 4,524
Depreciation, Depletion and Amortization $ 2,621 $ 2,722 $ 2,976 $ 2,833 $ 2,655
Research and Development Expense $ 1,032 $ 1,067 $ 1,047 $ 1,132 $ 1,277
As Percent of Sales for:
Chemicals and Specialties Businesses 4.2% 4.2% 4.5% 5.1% 5.6%
Petroleum 0.2% 0.2% 0.3% 0.3% 0.4%
Average Number of Shares Outstanding (millions)<F1> 1,121 1,170 1,360 1,353 1,347
Dividends Per Common Share<F1> $ 1.115 $ 1.015 $ .91 $ .88 $ .87
Common Stock Prices:<F1>
High $49 11/16 $36 1/2 $31 3/16 $26 15/16 $27 7/16
Low $34 13/16 $26 5/16 $24 1/8 $22 1/4 $21 3/4
Year-End Close $47 1/16 $34 15/16 $28 1/16 $24 1/8 $23 9/16
At Year End:
Employees (thousands) 97 105 107 114 125
Common Stockholders of Record (thousands) 158 166 172 181 188
Book Value Per Common Share<F1> $ 9.29 $ 7.38 $ 9.24 $ 8.11 $ 8.54
<FN>
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<F1> Restated to reflect two-for-one split of common stock effective
May 15, 1997.
<F2> Before extraordinary item in 1993 and 1992 and transition effect of
accounting charges in 1992.
</TABLE>
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