Financial Highlights

Financial Summary (Unaudited)

Amounts in billions, except per share amounts

	2019	2018	2017	2016	2015
Net Sales	2019: $67.7	2018: $66.8	2017: $65.1	2016: $65.3	2015: $70.7
Operating Income	2019: $5.5	2018: $13.4	2017: $13.8	2016: $13.3	2015: $11.1
Net Earnings Attributable to P&G	2019: $3.9	2018: $9.8	2017: $15.3	2016: $10.5	2015: $7.0
Net Earnings Margin from Continuing Operations	2019: 5.9%	2018: 14.8%	2017: 15.7%	2016: 15.4%	2015: 11.7%
Diluted Net Earnings per Common Share from Continuing Operations¹	2019: $1.43	2018: $3.67	2017: $3.69	2016: $3.49	2015: $2.84
Diluted Net Earnings per Common Share¹	2019: $1.43	2018: $3.67	2017: $5.59	2016: $3.69	2015: $2.44
Core Earnings per Share²	2019: $4.52	2018: $4.22	2017: $3.92	2016: $3.67	2015: $3.76
Operating Cash Flow	2019: $15.2	2018: $14.9	2017: $12.8	2016: $15.4	2015: $14.6
Dividends per Common Share	2019: $2.90	2018: $2.79	2017: $2.70	2016: $2.66	2015: $2.59
⁽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.