Balance Sheet of BMW LAST YEARS

Dow Jones Company Report

Bayerische Motoren Werke AG

© 2010 Factiva, Inc. All rights reserved.

Table of ContentsTable of ContentsCompany Report 3

General Information 3 Industry Classification 3

Performance/Segment Information 4

Peer Comparison 4

Key Financial Ratios 4

Hoppenstedt Key Figures (German language) 5

Balance Sheet - Annual 7

Cash Flow - Annual 8

Income Statement - Annual 9

Balance Sheet - Interim/Quarterly 10

Cash Flow - Interim/Quarterly 11

Income Statement - Interim/Quarterly 12

Dow Jones Company Report for Bayerische Motoren Werke AG

Page 3 of 13

Company Report

Company ReportGeneral Information Industry Classification

Bayerische Motoren Werke AG

Selected Legal Status Categories: Public LimitedCompany

Petuelring 130Munich, Germany 80788Germany

Phone: 49-893-8223362Fax: 49-893-8210881Web: http://www.bmwgroup.com

Ownership Type: ListedPrimary Exchange: GERDUNS Number: 315369934Banker: Bundesbank

Auditor/Accountant: KPMG LLPFiscal Year-End Date: 31-Dec-2009Registration Id: HRB42243Amtsgericht München

Bayerische Motoren Werke AG (BMW) is a German automobile manufacturerthat focuses on the worldwide automobile and motorcycle markets. The Companydivides its activities into the segment Automobiles, Motorcycles and FinancialServices segments. It owns three brands: BMW, MINI and Rolls-Royce. Its BMWautomobile range encompasses the 1 Series, including three-door, five-door,coupe and convertible models; the 3 Series, including sedan, touring, coupe andconvertible models; the 5 Series, available in sedan and touring models; the 6Series, available as a coupe or convertible; the 7 Series large sedan; the Z4roadster and coupe; the sports utility vehicles, X3, X5 and X6 and M models, suchas M3, M5 and M6. It also offers cars under the MINI brand and motorcyclesunder the BMW brand. The Rolls-Royce brand offers three luxury cars, Phantom,Drophead Coupe and Coupe. It has producing, assembly, service and salessubsidiaries throughout the world.

Primary Industry Classification

Dow Jones Industry Passenger CarsSIC 3711 Motor Vehicles and Passenger Car BodiesNAICS 336111 Automobile ManufacturingSecondary Industry Classification

SIC 3751 Motorcycles, Bicycles, and PartsSIC 6141 Personal Credit InstitutionsNAICS 336991 Motorcycle, Bicycle, and Parts ManufacturingNAICS 522220 Sales Financing

Source: Reuters, Hoppenstedt Firmendatenbank, Generate, Inc.


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Performance/Segment Information

Performance/Segment Information

Financial Performance(EUR m)

Business Segment(EUR m) Top 5 Segments

Geographic Segment(EUR m) Top 5 Segments

Source: ReutersPeer Comparison

Peer Comparison

Dow Jones Industry: Passenger CarsTotal Number of Companies: 81Rank Company Name Sales USD m Employees Market Cap

USD mNet Income

USD mNet Profit

Margin

6 HONDA MOTOR CO., LTD. 99,949.60 176,815 65,356.25 3,126.93 2.21%7 Nissan Motor Co., Ltd. 93,272.25 151,698 37,506.19 525.96 0.67%8 Hyundai Motor Company 75,536.24 55,984 31,300.80 2,455.69 4.42%9 Fiat SpA 70,035.51 190,014 20,536.90 -1,171.41 -1.69%10 PSA Peugeot Citroen S.A. 67,630.95 201,700 8,974.56 -1,621.73 -2.78%11 Bayerische Motoren Werke AG 67,127.15 96,230 44,963.14 270.20 0.41%12 Renault SA 46,861.27 124,307 15,423.91 -4,343.90 -9.10%13 Audi AG 38,875.43 57,723 37,058.66 1,693.63 4.52%14 SUZUKI MOTOR CORPORATION 28,746.80 51,503 13,566.68 336.63 2.12%15 Kia Motors Corporation 26,143.31 32,616 14,969.50 869.59 3.47%

Source: Reuters, Factiva

Key Financial Ratios

Key Financial Ratios

Last Financial

PeriodReporting Currency EURRelative Valuations

P/E excluding Extraordinary Items 159.75Price to Sales TTM 0.60


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Price to Cash Flow 8.56Price to Free Cash Flow 4.94Price to Book 1.64Price to Tangible Book Value 2.25Tangible Book Value per Share 22.18Current Enterprise Value 86,324.55Current EV / Total Revenue 1.60Current EV/EBITDA 14.26Financial Strength

Current Ratio 1.08Quick Ratio 0.90Long Term Debt to Equity 1.73Debt to Equity 3.08Interest Coverage 0.74Profitability

Pre-Tax Margin TTM 4.20%Pre-Tax Margin, 5-Yr Average 4.71%Net Profit Margin TTM 2.59%Net Profit Margin, 5-Yr Average 3.44%Operating Margin TTM 4.34%Operating Margin, 5-Yr Average 5.10%EBIT 283,000,000EBIT TTM --EBIT Margin, 5-Yr Average --Gross Margin TTM 14.25%Gross Margin, 5-Yr Average 17.83%Tax Rate 49.15%Tax Rate, 5-Yr Average 27.07%Effectiveness

Return on Average Equity TTM 6.90%Return on Average Equity, 5-Yr Average 9.10%Return on Average Assets TTM 1.32%Return on Average Assets, 5-Yr Average 2.05%Return on Investment TTM 2.03%Return on Investment, 5-Yr Average 3.28%Efficiency

Revenue per Employee TTM 561,072Net Income per Employee TTM 14,538Asset Turnover TTM 0.51Receivables Turnover TTM 22.38Inventory Turnover TTM 6.27

Source: Reuters Publication Date: 29-Oct-2010

Hoppenstedt Key Figures (German language)


Konzern (EUR)

Kennzahlen Konzern 2008 2007 2006 2005

Umsatzerlöse 53,197,000,000 56,018,000,000 48,999,000,000 46,656,000,000Jahresüberschuß/-

fehlbetrag330,000,000 3,134,000,000 2,874,000,000 2,239,000,000

Investitionen (o.Finanzanlagen)

16,580,000,000 15,305,000,000 12,835,000,000 11,195,000,000

Abschreibungen (o.Finanzanlagen)

7,645,000,000 6,158,000,000 4,848,000,000 4,207,000,000


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BeschäftigteGJ-Durchschnitt

101,733 104,402 103,727 103,546

Beschäftigte GJ-Ende 100,041 107,539 106,575 105,798Hoppenstedt Key Figures (German language)

AG (EUR)

Kennzahlen 2008 2007 2006 2005

Umsatzerlöse 44,313,000,000 48,310,000,000 42,417,000,000 41,801,000,000Jahresüberschuß/-

fehlbetrag384,000,000 1,184,000,000 485,000,000 424,000,000

Investitionen (o.Finanzanlagen)

2,064,000,000 1,670,000,000 1,324,000,000 1,472,000,000

Abschreibungen (o.Finanzanlagen)

1,569,000,000 1,791,000,000 1,765,000,000 1,770,000,000

BeschäftigteGJ-Durchschnitt

73,966 76,135 76,374 77,136

Beschäftigte GJ-Ende 71,596 76,064 76,156 76,536Hoppenstedt Key Figures (German language)

Betriebszahlen Konzern

Fahrzeug-Produktion 2008 2007 2006 2005

BMW 1,203,482 1,302,774 1,179,317 1,122,308MINI 235,019 237,700 186,674 200,119

Rolls-Royce 1,417 1,029 847 692Motorräder 104,220 104,396 103,759 92,012


Betriebszahlen Konzern

Fahrzeug-Auslieferungen 2008 2007 2006 2005

BMW 1,202,239 1,276,793 1,185,088 1,126,768MINI 232,425 222,875 188,077 200,428

Rolls Royce 1,212 1,010 805 796Motorräder 101,685 102,467 100,064 97,474


Betriebszahlen Konzern (EUR)

Umsatzaufteilung nachBereichen

2008 2007 2006 2005

Automobile 37,877,000,000 42,435,000,000 47,767,000,000 45,861,000,000Motorräder 1,222,000,000 1,223,000,000 1,265,000,000 1,223,000,000

Finanzdienstleistungen 13,952,000,000 12,146,000,000 11,079,000,000 9,408,000,000Überleitungen /

Sonstige146,000,000 -214,000,000 -11,112,000,000 -9,836,000,000

Gesamt 53,197,000,000 56,018,000,000 48,999,000,000 46,656,000,000Hoppenstedt Key Figures (German language)

Betriebszahlen Konzern (EUR)

RegionaleUmsatzaufteilung

2008 2007 2006 2005

Deutschland 10,739,000,000 11,918,000,000 10,601,000,000 11,001,000,000Übriges Europa 20,693,000,000 22,395,000,000 18,440,000,000 17,266,000,000

Amerika 13,294,000,000 13,014,000,000 12,336,000,000 11,560,000,000Afrika, Asien, Ozeanien 8,471,000,000 8,691,000,000 7,622,000,000 829,000,000

Gesamt 53,197,000,000 56,018,000,000 48,999,000,000 46,656,000,000


Page 7 of 13

Source: Hoppenstedt Firmendatenbank

Balance Sheet - Annual

Balance Sheet - Annual

Period End Date 31-Dec-2009 31-Dec-2008 31-Dec-2007 31-Dec-2006 31-Dec-2005

Update Type/Date Normal17-Mar-2010

Normal18-Mar-2009

Normal18-Mar-2008

Normal14-Mar-2007

Normal15-Mar-2006

Auditor/Accountant KPMG LLP KPMG LLP KPMG LLP KPMG LLP KPMG LLPNumber of Employees 96,230 100,041 107,539 106,575 105,798

Accounting Standard InternationalFinancial

ReportingStand.

InternationalFinancial

ReportingStand.


ReportingStand.


ReportingStand.


ReportingStand.

Annual Balance Sheet: (EUR, In millions) Cash and Equivalents 7,767.00 7,454.00 2,393.00 1,336.00 1,621.00Short Term Investments 3,215.00 3,306.00 3,622.00 3,134.00 2,654.00

Cash and Short Term Investments 10,982.00 10,760.00 6,015.00 4,470.00 4,275.00Trade Accounts Receivable, Gross 1,942.00 2,373.00 2,717.00 -- --Provision for Doubtful Accounts (85.00) (68.00) (45.00) -- --

Trade Accounts Receivable, Net 1,857.00 2,305.00 2,672.00 2,258.00 2,135.00Other Receivables 17,116.00 15,871.00 13,996.00 12,503.00 11,851.00

Total Receivables, Net 18,973.00 18,176.00 16,668.00 14,761.00 13,986.00Inventories - Finished Goods -- -- 4,731.00 4,280.00 4,042.00Inventories - Work in Progress 542.00 803.00 871.00 911.00 931.00Inventories - Raw Materials 536.00 596.00 632.00 689.00 674.00Inventories - Other 5,477.00 5,891.00 1,115.00 914.00 880.00

Total Inventory 6,555.00 7,290.00 7,349.00 6,794.00 6,527.00Deferred Income Tax - Current Asset 950.00 602.00 237.00 246.00 267.00Other Current Assets 2,484.00 1,842.00 2,109.00 2,272.00 1,955.00

Other Current Assets, Total 3,434.00 2,444.00 2,346.00 2,518.00 2,222.00Total Current Assets 39,944.00 38,670.00 32,378.00 28,543.00 27,010.00

Land/Improvements 7,340.00 6,875.00 6,566.00 6,425.00 6,139.00Machinery/Equipment 24,771.00 23,735.00 22,469.00 21,683.00 21,035.00Construction in Progress 566.00 1,121.00 1,019.00 740.00 898.00

Property/Plant/Equipment, Gross 32,677.00 31,731.00 30,054.00 28,848.00 28,072.00Accumulated Depreciation (21,292.00) (20,439.00) (18,946.00) (17,563.00) (16,985.00)Property/Plant/Equipment, Net 11,385.00 11,292.00 11,108.00 11,285.00 11,087.00

Goodwill, Net 111.00 111.00 -- -- --Intangibles, Gross -- -- 9,488.00 8,483.00 7,330.00Accumulated Intangible Amortization -- -- (3,818.00) (3,171.00) (2,737.00)Intangibles, Net 5,268.00 5,530.00 5,670.00 5,312.00 4,593.00

Long Term Investment - Affiliate Companies 369.00 433.00 272.00 461.00 1,272.00Other Long Term Investments 1,519.00 1,808.00 1,173.00 816.00 642.00Total Long Term Investments 1,888.00 2,241.00 1,445.00 1,277.00 1,914.00

Deferred Income Tax - Long Term Asset 1,266.00 866.00 720.00 755.00 772.00Other Long Term Assets 42,091.00 42,376.00 37,676.00 31,885.00 29,190.00Other Long Term Assets, Total 43,357.00 43,242.00 38,396.00 32,640.00 29,962.00

Total Assets 101,953.00 101,086.00 88,997.00 79,057.00 74,566.00

Accounts Payable 3,122.00 2,562.00 3,551.00 3,737.00 3,544.00Notes Payable/Short Term Debt 8,705.00 10,434.00 7,685.00 5,998.00 5,165.00Current Portion of Long Term Debt/CapitalLeases

18,229.00 19,453.00 14,808.00 11,657.00 12,671.00

Customer Advances -- -- 1,369.00 1,176.00 1,385.00Income Taxes Payable 836.00 633.00 808.00 567.00 462.00Other Payables -- -- 75.00 41.00 41.00Other Current Liabilities 6,027.00 6,205.00 5,488.00 5,379.00 4,816.00


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Other Current Liabilities, Total 6,863.00 6,838.00 7,740.00 7,163.00 6,704.00Total Current Liabilities 36,919.00 39,287.00 33,784.00 28,555.00 28,084.00

Long-Term Debt 34,391.00 30,497.00 21,428.00 18,800.00 16,830.00Total Long Term Debt 34,391.00 30,497.00 21,428.00 18,800.00 16,830.00

Total Debt 61,325.00 60,384.00 43,921.00 36,455.00 34,666.00Deferred Income Tax - Long Term Liability 2,769.00 2,757.00 2,714.00 2,758.00 2,522.00

Total Deferred Income Tax 2,769.00 2,757.00 2,714.00 2,758.00 2,522.00Minority Interest 13.00 8.00 11.00 4.00 0.00

Reserves 2,706.00 2,757.00 2,676.00 2,865.00 3,243.00Pension Benefits - Underfunded 2,972.00 3,314.00 4,627.00 5,017.00 5,255.00Other Long Term Liabilities 2,281.00 2,201.00 2,024.00 1,932.00 1,659.00

Other Liabilities, Total 7,959.00 8,272.00 9,327.00 9,814.00 10,157.00Total Liabilities 82,051.00 80,821.00 67,264.00 59,931.00 57,593.00

Common Stock 655.00 654.00 654.00 654.00 674.00Total Common Stock 655.00 654.00 654.00 654.00 674.00Additional Paid-In Capital 1,921.00 1,911.00 1,911.00 1,911.00 1,971.00Retained Earnings 20,426.00 20,419.00 20,789.00 18,121.00 16,351.00Treasury Stock - Common 0.00 (10.00) -- 0.00 (506.00)

Other Equity (3,100.00) (2,709.00) (1,621.00) (1,560.00) (1,517.00)Other Equity, Total (3,100.00) (2,709.00) (1,621.00) (1,560.00) (1,517.00)Total Stockholders' Equity 19,902.00 20,265.00 21,733.00 19,126.00 16,973.00

Total Liabilities and Shareholders Equity 101,953.00 101,086.00 88,997.00 79,057.00 74,566.00

Shares Outstanding - Common Stock, PrimaryIssue

601,995,200 601,995,200 601,995,200 601,995,200 608,739,440

Shares Outstanding - Common Stock, Issue2 52,665,360 51,833,030 51,535,850 52,196,160 52,196,160Total Common Shares Outstanding 654,660,560 653,828,230 653,531,050 654,191,360 660,935,600

Treasury Shares - Common Primary Issue 0 0 0 20,232,720 13,488,480Treasury Shares - Common Issue2 0 363,130 660,310 -- --

Source: Reuters Publication Date: 10-Aug-2010Cash Flow - Annual

Cash Flow - Annual



Normal18-Mar-2009

Reclassified18-Mar-2009


Normal15-Mar-2006

Auditor/Accountant KPMG LLP KPMG LLP KPMG LLP KPMG LLP KPMG LLPAccounting Standard International

FinancialReporting

Stand.


ReportingStand.


ReportingStand.


ReportingStand.


ReportingStand.

Annual Cash Flow Statement: (EUR, In millions) Net Income 210.00 330.00 3,134.00 2,874.00 2,239.00

Depreciation 3,603.00 3,676.00 3,689.00 3,340.00 3,025.00Accumulated Depreciation and Depletion 3,603.00 3,676.00 3,689.00 3,340.00 3,025.00

Deferred Taxes (95.00) (51.00) (256.00) 242.00 236.00

Unusual Items 5,441.00 6,742.00 4,517.00 3,740.00 3,342.00Equity in Net Earnings Loss (36.00) (26.00) (11.00) 25.00 (14.00)Other Non-Cash Items 356.00 167.00 1,334.00 318.00 940.00Cash Taxes Paid 349.00 448.00 817.00 733.00 604.00

Cash Interest Paid 224.00 312.00 389.00 328.00 240.00

Accounts Receivable 506.00 859.00 398.00 (611.00) (239.00)Inventories 855.00 37.00 (700.00) (265.00) 187.00Accounts Payable 441.00 (485.00) 571.00 1,050.00 975.00Other Assets and Liabilities, Net (894.00) -- -- -- --Other Operating Cash Flow (116.00) (377.00) (493.00) (733.00) --Changes in Working Capital 792.00 34.00 (224.00) (559.00) 923.00


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Cash from Operating Activities 10,271.00 10,872.00 12,183.00 9,980.00 10,691.00

Purchase of Fixed Assets (3,471.00) (4,204.00) (4,267.00) (4,313.00) (3,875.00)Capital Expenditures (3,471.00) (4,204.00) (4,267.00) (4,313.00) (3,875.00)

Sale of Business -- -- -- 0.00 1,000.00Sale of Fixed Assets 169.00 177.00 272.00 39.00 42.00Sale/Maturity of Investment 635.00 5,301.00 2,593.00 2,787.00 394.00Purchase of Investments (2,961.00) (5,534.00) (2,742.00) (2,683.00) (529.00)Other Investing Cash Flow (5,700.00) (14,392.00) (13,104.00) (9,500.00) (8,995.00)Other Investing Cash Flow Items, Total (7,857.00) (14,448.00) (12,981.00) (9,357.00) (8,088.00)

Cash from Investing Activities (11,328.00) (18,652.00) (17,248.00) (13,670.00) (11,963.00)

Other Financing Cash Flow (217.00) (312.00) (389.00) -- --Financing Cash Flow Items (217.00) (312.00) (389.00) -- --Cash Dividends Paid - Common Stock (197.00) (694.00) (458.00) (419.00) (419.00)Cash Dividends Paid (197.00) (694.00) (458.00) (419.00) (419.00)

Repurchase/Retirement, Common -- (10.00) 0.00 (253.00) (506.00)Common Stock, Net -- (10.00) 0.00 (253.00) (506.00)Sale/Issuance of Common/Preferred Stock 6.00 -- -- -- --Issuance (Retirement) of Stock, Net 6.00 (10.00) 0.00 (253.00) (506.00)

Long Term Debt Issued 9,762.00 9,959.00 6,038.00 6,876.00 5,819.00Long Term Debt Reduction (6,440.00) (5,080.00) (4,152.00) (4,491.00) (3,432.00)

Long Term Debt, Net 1,760.00 13,920.00 7,015.00 3,995.00 1,624.00Issuance (Retirement) of Debt, Net 1,760.00 13,920.00 7,015.00 3,995.00 1,624.00

Cash from Financing Activities 1,352.00 12,904.00 6,168.00 3,323.00 699.00

Foreign Exchange Effects 18.00 (63.00) (46.00) 82.00 66.00

Net Change in Cash 313.00 5,061.00 1,057.00 (285.00) (507.00)

Net Cash - Beginning Balance 7,454.00 2,393.00 1,336.00 1,621.00 2,128.00Net Cash - Ending Balance 7,767.00 7,454.00 2,393.00 1,336.00 1,621.00Cash Interest Paid, Supplemental 224.00 312.00 389.00 328.00 240.00Cash Taxes Paid, Supplemental 349.00 448.00 817.00 733.00 604.00

Source: Reuters Publication Date: 10-Aug-2010Income Statement - Annual

Income Statement - Annual




Normal18-Mar-2008


Normal15-Mar-2006

Auditor/Accountant KPMG LLP KPMG LLP KPMG LLP KPMG LLP KPMG LLPAccounting Standard International

FinancialReporting

Stand.


ReportingStand.


ReportingStand.


ReportingStand.


ReportingStand.

Annual Income Statement: (EUR, In millions) Net Sales 50,681.00 53,197.00 56,018.00 48,999.00 46,656.00

Total Revenue 50,681.00 53,197.00 56,018.00 48,999.00 46,656.00

Cost of Revenue 45,356.00 47,148.00 43,832.00 37,660.00 35,992.00Gross Profit 5,325.00 6,049.00 12,186.00 11,339.00 10,664.00

Selling, General and Administrative Expense 5,040.00 5,369.00 5,254.00 4,972.00 4,762.00Research and Development 2,587.00 2,825.00 2,920.00 2,544.00 2,464.00

Impairment-Assets Held for Use 72.00 167.00 49.00 2.00 10.00Impairment-Assets Held for Sale 3.00 6.00 6.00 30.00 0.00Loss/Gain on Sale of Assets (84.00) (50.00) -- -- --

Other Operating Expense 719.00 1,135.00 530.00 517.00 --Other Operating Expense, Net (708.00) (1,370.00) (730.00) (744.00) (355.00)

Total Operating Expense 50,398.00 52,405.00 51,861.00 44,981.00 42,873.00

Operating Income 283.00 792.00 4,157.00 4,018.00 3,783.00

Non Operating Interest Expense (896.00) (711.00) (762.00) (820.00) (800.00)


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Non-Operating Interest Expense, Net (896.00) (711.00) (762.00) (820.00) (800.00)Non-Operating Interest Income 477.00 325.00 287.00 259.00 363.00Non-Operating Investment Income 36.00 26.00 14.00 37.00 42.00

Non-Operating Interest/Investment Income 513.00 351.00 301.00 296.00 405.00Other Non-Operating Income 513.00 (81.00) 177.00 630.00 (101.00)Other Non-Operating Income, Net 513.00 (81.00) 177.00 630.00 (101.00)

Income Before Tax 413.00 351.00 3,873.00 4,124.00 3,287.00

Total Income Tax 203.00 21.00 739.00 1,250.00 1,048.00

Income After Tax 210.00 330.00 3,134.00 2,874.00 2,239.00

Minority Interest (6.00) (6.00) (8.00) (6.00) --Net Income Before Extraordinary Items 204.00 324.00 3,126.00 2,868.00 2,239.00

Net Income 204.00 324.00 3,126.00 2,868.00 2,239.00

Income Available to Common Excl. ExtraordinaryItems

204.00 324.00 3,126.00 2,868.00 2,239.00

Income Available to Common Incl. ExtraordinaryItems

204.00 324.00 3,126.00 2,868.00 2,239.00

Basic Weighted Average Shares 653.83 653.29 653.53 653.97 671.30Basic EPS excluding Extraordinary Items 0.31 0.50 4.78 4.39 3.34

Basic EPS including Extraordinary Items 0.31 0.50 4.78 4.39 3.34

Dilution Adjustment -- -- -- -- 0.00Diluted Net Income 204.00 324.00 3,126.00 2,868.00 2,239.00Diluted Weighted Average Shares 653.83 653.29 653.53 653.97 671.30

Diluted EPS excluding Extrordinary Items 0.31 0.50 4.78 4.39 3.34

Diluted EPS including Extraordinary Items 0.31 0.50 4.78 4.39 3.34

Dividends per Share - Common Stock,PrimaryIssue

0.30 0.30 1.06 0.70 0.64

Dividends per Share - Common Stock, Issue2 0.00 0.00 0.00 0.00 0.00Gross Dividends - Common Stock 197.00 197.00 694.00 458.00 424.00Interest Expense, Supplemental 364.00 161.00 225.00 319.00 318.00Depreciation, Supplemental 2,260.00 2,375.00 2,471.00 2,313.00 2,212.00Total Special Items (9.00) 123.00 55.00 32.00 10.00

Normalized Income Before Tax 404.00 474.00 3,928.00 4,156.00 3,297.00

Effect of Special Items on Income Taxes (4.42) 7.36 10.49 9.70 3.19Income Taxes Excl. Impact of Special Items 198.58 28.36 749.49 1,259.70 1,051.19

Normalized Income After Taxes 205.42 445.64 3,178.51 2,896.30 2,245.81

Normalized Income Available To Common 199.42 439.64 3,170.51 2,890.30 2,245.81

Basic Normalized EPS 0.31 0.67 4.85 4.42 3.35Diluted Normalized EPS 0.31 0.67 4.85 4.42 3.35Amortization of Intangibles, Supplemental 1,340.00 1,295.00 1,212.00 959.00 813.00Rental Expenses -- -- 61.00 77.00 79.00

Source: Reuters Publication Date: 10-Aug-2010Balance Sheet - Interim/Quarterly

Balance Sheet - Interim/Quarterly

Period End Date 30-Jun-2010 31-Mar-2010 31-Dec-2009 30-Sep-2009 30-Jun-2009

Update Type/Date Normal03-Aug-2010

Normal05-May-2010

Normal17-Mar-2010

Normal03-Nov-2009

Normal04-Aug-2009

Number of Employees 95,502 95,787 96,230 98,358 98,261Accounting Standard International

FinancialReporting

Stand.


ReportingStand.


ReportingStand.


ReportingStand.


ReportingStand.

Interim Balance Sheet: (EUR, In millions) Cash and Equivalents 8,037.00 8,043.00 7,767.00 8,423.00 10,793.00Short Term Investments 2,958.00 3,126.00 3,215.00 3,221.00 2,505.00

Cash and Short Term Investments 10,995.00 11,169.00 10,982.00 11,644.00 13,298.00Trade Accounts Receivable, Net 2,475.00 2,283.00 1,857.00 2,198.00 2,349.00


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Other Receivables 18,361.00 17,248.00 17,116.00 15,541.00 15,984.00Total Receivables, Net 20,836.00 19,531.00 18,973.00 17,739.00 18,333.00

Inventories - Finished Goods 6,798.00 5,960.00 -- -- --Inventories - Work in Progress 567.00 611.00 542.00 831.00 791.00Inventories - Raw Materials 608.00 618.00 536.00 569.00 541.00Inventories - Other -- -- 5,477.00 6,003.00 5,474.00

Total Inventory 7,973.00 7,189.00 6,555.00 7,403.00 6,806.00Other Current Assets 3,531.00 3,326.00 3,434.00 3,174.00 3,150.00

Other Current Assets, Total 3,531.00 3,326.00 3,434.00 3,174.00 3,150.00Total Current Assets 43,335.00 41,215.00 39,944.00 39,960.00 41,587.00

Property/Plant/Equipment, Net 11,203.00 11,220.00 11,385.00 11,135.00 11,309.00

Goodwill, Net 111.00 111.00 -- -- --Intangibles, Net 5,031.00 5,158.00 5,379.00 5,400.00 5,494.00

Long Term Investment - Affiliate Companies 317.00 393.00 369.00 432.00 389.00Other Long Term Investments 1,516.00 1,505.00 1,519.00 1,721.00 1,553.00Total Long Term Investments 1,833.00 1,898.00 1,888.00 2,153.00 1,942.00

Notes Receivable - Long Term 25,982.00 24,537.00 23,478.00 23,033.00 22,927.00

Deferred Income Tax - Long Term Asset 1,663.00 1,306.00 1,266.00 1,058.00 1,020.00Other Long Term Assets 19,457.00 18,616.00 18,613.00 18,649.00 19,341.00Other Long Term Assets, Total 21,120.00 19,922.00 19,879.00 19,707.00 20,361.00

Total Assets 108,615.00 104,061.00 101,953.00 101,388.00 103,620.00

Accounts Payable 4,548.00 3,885.00 3,122.00 3,787.00 3,346.00Notes Payable/Short Term Debt 24,183.00 23,643.00 26,934.00 24,415.00 27,983.00

Income Taxes Payable 667.00 467.00 836.00 672.00 876.00Other Current Liabilities 6,971.00 6,385.00 6,027.00 5,860.00 5,737.00

Other Current Liabilities, Total 7,638.00 6,852.00 6,863.00 6,532.00 6,613.00Total Current Liabilities 36,369.00 34,380.00 36,919.00 34,734.00 37,942.00

Long-Term Debt 40,488.00 38,732.00 34,391.00 36,494.00 34,028.00Total Long Term Debt 40,488.00 38,732.00 34,391.00 36,494.00 34,028.00

Total Debt 64,671.00 62,375.00 61,325.00 60,909.00 62,011.00Deferred Income Tax - Long Term Liability 3,019.00 2,777.00 2,769.00 2,711.00 2,766.00

Total Deferred Income Tax 3,019.00 2,777.00 2,769.00 2,711.00 2,766.00Minority Interest 17.00 16.00 13.00 13.00 11.00

Reserves 2,636.00 2,724.00 2,706.00 2,470.00 2,522.00Pension Benefits - Underfunded 3,235.00 3,290.00 2,972.00 2,612.00 3,671.00Other Long Term Liabilities 2,650.00 2,249.00 2,281.00 2,428.00 2,529.00

Other Liabilities, Total 8,521.00 8,263.00 7,959.00 7,510.00 8,722.00Total Liabilities 88,414.00 84,168.00 82,051.00 81,462.00 83,469.00

Common Stock 655.00 655.00 655.00 654.00 654.00Total Common Stock 655.00 655.00 655.00 654.00 654.00Additional Paid-In Capital 1,921.00 1,921.00 1,921.00 1,911.00 1,911.00Retained Earnings 21,383.00 20,749.00 20,426.00 20,264.00 20,188.00Treasury Stock - Common -- -- 0.00 (10.00) (10.00)

Other Equity (3,758.00) (3,432.00) (3,100.00) (2,893.00) (2,592.00)Other Equity, Total (3,758.00) (3,432.00) (3,100.00) (2,893.00) (2,592.00)Total Stockholders' Equity 20,201.00 19,893.00 19,902.00 19,926.00 20,151.00

Total Liabilities and Shareholders Equity 108,615.00 104,061.00 101,953.00 101,388.00 103,620.00

Shares Outstanding - Common Stock, PrimaryIssue

601,995,200 601,995,200 601,995,200 601,995,200 601,995,200

Shares Outstanding - Common Stock, Issue2 52,665,360 52,665,360 52,665,360 51,833,030 51,833,030Total Common Shares Outstanding 654,660,560 654,660,560 654,660,560 653,828,230 653,828,230

Treasury Shares - Common Primary Issue 0 0 0 0 0Treasury Shares - Common Issue2 0 0 0 363,130 363,130

Source: Reuters Publication Date: 10-Aug-2010Cash Flow - Interim/Quarterly


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Cash Flow - Interim/Quarterly



Normal05-May-2010

Normal17-Mar-2010

Normal03-Nov-2009

Normal04-Aug-2009


ReportingStand.


ReportingStand.


ReportingStand.


ReportingStand.


ReportingStand.

Interim Cash Flow Statement: (EUR, In millions) Net Income 1,158.00 324.00 210.00 47.00 (31.00)

Depreciation 2,466.00 930.00 3,603.00 2,647.00 2,848.00Accumulated Depreciation and Depletion 2,466.00 930.00 3,603.00 2,647.00 2,848.00

Deferred Taxes 333.00 138.00 (95.00) (56.00) (40.00)

Unusual Items -- -- (35.00) -- --Equity in Net Earnings Loss -- -- (36.00) -- --Other Non-Cash Items 1,641.00 867.00 5,719.00 3,292.00 1,300.00Accounts Receivable -- -- 506.00 -- --Inventories -- -- 855.00 -- --Accounts Payable -- -- 441.00 -- --Other Assets and Liabilities, Net 0.00 (360.00) (894.00) 1,304.00 992.00Other Operating Cash Flow -- -- (3.00) -- --Changes in Working Capital 0.00 (360.00) 905.00 1,304.00 992.00

Cash from Operating Activities 5,598.00 1,899.00 10,271.00 7,234.00 5,069.00

Purchase of Fixed Assets (1,153.00) (586.00) (3,471.00) (2,248.00) (1,498.00)Capital Expenditures (1,153.00) (586.00) (3,471.00) (2,248.00) (1,498.00)

Net Investment (2,029.00) (658.00) (3,918.00) (2,703.00) (1,899.00)Other Investing Cash Flow (364.00) (1.00) (3,939.00) (2,069.00) (136.00)Other Investing Cash Flow Items, Total (2,393.00) (659.00) (7,857.00) (4,772.00) (2,035.00)

Cash from Investing Activities (3,546.00) (1,245.00) (11,328.00) (7,020.00) (3,533.00)

Other Financing Cash Flow (2,165.00) (520.00) 1,352.00 773.00 1,768.00Financing Cash Flow Items (2,165.00) (520.00) 1,352.00 773.00 1,768.00

Cash from Financing Activities (2,165.00) (520.00) 1,352.00 773.00 1,768.00

Foreign Exchange Effects 383.00 142.00 18.00 (18.00) 35.00

Net Change in Cash 270.00 276.00 313.00 969.00 3,339.00

Net Cash - Beginning Balance 7,767.00 7,767.00 7,454.00 7,454.00 7,454.00Net Cash - Ending Balance 8,037.00 8,043.00 7,767.00 8,423.00 10,793.00

Source: Reuters Publication Date: 10-Aug-2010Income Statement - Interim/Quarterly

Income Statement - Interim/Quarterly



Normal05-May-2010

Normal17-Mar-2010

Normal03-Nov-2009

Normal04-Aug-2009


ReportingStand.


ReportingStand.


ReportingStand.


ReportingStand.


ReportingStand.

Interim Income Statement: (EUR, In millions) Net Sales 15,348.00 12,443.00 14,442.00 11,759.00 12,971.00

Total Revenue 15,348.00 12,443.00 14,442.00 11,759.00 12,971.00

Cost of Revenue 12,084.00 10,758.00 12,998.00 10,458.00 11,443.00Gross Profit 3,264.00 1,685.00 1,444.00 1,301.00 1,528.00

Selling, General and Administrative Expense 1,428.00 1,213.00 1,306.00 1,275.00 1,349.00Research and Development 746.00 678.00 716.00 614.00 650.00

Other Operating Expense 227.00 288.00 265.00 125.00 179.00


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Other Operating Expense, Net (108.00) (265.00) (247.00) (154.00) (169.00)Total Operating Expense 13,631.00 11,994.00 14,322.00 11,704.00 12,802.00

Operating Income 1,717.00 449.00 120.00 55.00 169.00

Non Operating Interest Expense (196.00) (240.00) (322.00) (245.00) (223.00)Non-Operating Interest Expense, Net (196.00) (240.00) (322.00) (245.00) (223.00)

Non-Operating Interest Income 61.00 229.00 268.00 229.00 186.00Non-Operating Investment Income 7.00 4.00 13.00 9.00 8.00

Non-Operating Interest/Investment Income 68.00 233.00 281.00 238.00 194.00Other Non-Operating Income (290.00) 66.00 255.00 78.00 11.00Other Non-Operating Income, Net (290.00) 66.00 255.00 78.00 11.00

Income Before Tax 1,299.00 508.00 334.00 126.00 151.00

Total Income Tax 465.00 184.00 171.00 48.00 30.00

Income After Tax 834.00 324.00 163.00 78.00 121.00

Minority Interest (3.00) (1.00) (1.00) (2.00) (2.00)

Net Income Before Extraordinary Items 831.00 323.00 162.00 76.00 119.00

Net Income 831.00 323.00 162.00 76.00 119.00

Income Available to Common Excl. ExtraordinaryItems

831.00 323.00 162.00 76.00 119.00

Income Available to Common Incl. ExtraordinaryItems

831.00 323.00 162.00 76.00 119.00

Basic Weighted Average Shares 654.66 654.66 653.83 653.83 653.83Basic EPS excluding Extraordinary Items 1.27 0.49 0.25 0.12 0.18

Basic EPS including Extraordinary Items 1.27 0.49 0.25 0.12 0.18

Diluted Net Income 831.00 323.00 162.00 76.00 119.00Diluted Weighted Average Shares 654.66 654.66 653.83 653.83 653.83

Diluted EPS excluding Extrordinary Items 1.27 0.49 0.25 0.12 0.18

Diluted EPS including Extraordinary Items 1.27 0.49 0.25 0.12 0.18

Dividends per Share - Common Stock,PrimaryIssue

0.00 0.00 0.30 0.00 0.00

Dividends per Share - Common Stock, Issue2 0.00 0.00 0.00 0.00 0.00Gross Dividends - Common Stock 0.00 0.00 197.00 0.00 0.00Interest Expense, Supplemental 196.00 240.00 322.00 245.00 223.00Depreciation, Supplemental 573.00 580.00 596.00 571.00 542.00

Normalized Income Before Tax 1,299.00 508.00 334.00 126.00 151.00

Income Taxes Excl. Impact of Special Items 465.00 184.00 171.00 48.00 30.00Normalized Income After Taxes 834.00 324.00 163.00 78.00 121.00

Normalized Income Available To Common 831.00 323.00 162.00 76.00 119.00

Basic Normalized EPS 1.27 0.49 0.25 0.12 0.18Diluted Normalized EPS 1.27 0.49 0.25 0.12 0.18Amortization of Intangibles, Supplemental 318.00 322.00 441.00 312.00 299.00

Source: Reuters Publication Date: 10-Aug-2010page load: 10/29/2010 11:46:42 AMgetReportListIdentifier START: 10/29/2010 11:46:43 AMgetReportListIdentifier END: 10/29/2010 11:46:43 AMPdf object created: 10/29/2010 11:46:43 AMReportService START: 10/29/2010 11:46:43 AMReportService END: 10/29/2010 11:46:45 AMProfilesReportType.Headlines START: 10/29/2010 11:46:45 AMPdf END: 10/29/2010 11:46:46 AM

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Balance Sheet of BMW LAST YEARS