Financial Highlights

Financial Highlights

Financial Summary (Unaudited)

Amounts in billions, except per share amounts

  2020 2019 2018 2017 2016
Net Sales 2020: $71.7 2019: $67.7 2018: $66.8 2017: $65.1 2016: $65.3
Operating Income 2020: $15.7 2019: $5.5 2018: $13.4 2017: $13.8 2016: $13.3
Net Earnings Attributable to P&G 2020: $13.0 2019: $3.9 2018: $9.8 2017: $15.3 2016: $10.5
Net Earnings Margin from Continuing Operations 2020: 18.5% 2019: 5.9% 2018: 14.8% 2017: 15.7% 2016: 15.4%
Diluted Net Earnings per Common Share from Continuing Operations1 2020: $4.96 2019: $1.43 2018: $3.67 2017: $3.69 2016: $3.49
Diluted Net Earnings per Common Share1 2020: $4.96 2019: $1.43 2018: $3.67 2017: $5.59 2016: $3.69
Core Earnings per Share2 2020: $5.12 2019: $4.52 2018: $4.22 2017: $3.92 2016: $3.67
Operating Cash Flow 2020: $17.4 2019: $15.2 2018: $14.9 2017: $12.8 2016: $15.4
Dividends per Common Share 2020: $3.03 2019: $2.90 2018: $2.79 2017: $2.70 2016: $2.66

(1) Diluted net earnings per common share are calculated based on net earnings attributable to Procter & Gamble.

(2) Core EPS is a measure of the Company’s diluted net earnings per common share from continuing operations adjusted for certain items not viewed as part of our sustainable results. Please see www.pg.com/annualreport2019/downloads ("Measures Not Defined by U.S. GAAP") or page 74 of the print Annual Report for detail on the reconciling items.