our ability to generate cash flow has enabled us significantly strengthen balance sheet for the growth opportunities we see in future 2005 annual report fiscal years ended millions except per share amounts october 29 30 2004 november 1 2003 operating results net sales 396 9 121 7 956 2 pounds 472 0 383 207 earnings 48 92 8 78 3 pound sold cents 6 5 12 42 34 from operations 105 31 69 free 65 4 47 shares and data weighted average diluted outstanding 32 33 38 15 dividends 44 40 book value 91 98 10 financial position working capital 171 198 127 as a percent of 17 13 total debt 380 474 shareholders equity