content_image/125332.jpg content_image/125337.jpg content_image/125340.jpg content_image/125338.jpg content_image/125339.jpg
## Financial Highlights 

(Dollars in millions, except per share amounts) 

<img src='content_image/125332.jpg'>

## Higher Sales, Higher Profit, Higher Cash Flow 

(Percentage growth reflects 2003 over 2002; Dollars in millions except for stock price) 

## SALES 

<img src='content_image/125337.jpg'>

## OPERATING PROFIT 

<img src='content_image/125340.jpg'>

## OPERATING CASH FLOW 

<img src='content_image/125338.jpg'>

## STOCK PRICE 

<img src='content_image/125339.jpg'>

Note on Non-GAAP Financial Measures. $^{(1)}$“Adjusted EPS” excludes from reported EPS of $1.64 acquisition and integration expenses of $0.38, inventory step-up of $0.20, in-process research and development write-offs of $0.05, tax benefit thereof $0.21, and cumulative effect of a change in accounting principle of $0.26. $^{(2)}$“Adjusted operating profit” excludes from reported operating profit of $451 million acquisition and integration expenses of $79 million, inventory step-up of $43 million and in-process research and development write-offs of $11 million. $^{(3)}$“Zimmer stand alone” refers to reported sales for the period of $1,901 million less Centerpulse sales of $253 million for the three months ended December 31, 2003. 

