ADT 2000 Annual Report Download - page 40

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THIRTY EIGHT
Consolidated Statements of Operations
YEAR ENDED SEPTEMBER 3 0 (I N M I LLIONS, EXCEPT PER SH ARE DATA) 2 0 0 0 1 9 9 9 1 9 9 8
NET SALES $28,931.9 $22,496.5 $19,061.7
Cost of sales 1 7 ,9 3 1 .2 14,433.1 12,694.8
Selling, general and administrative expenses 5 ,2 5 2 .0 4,436.3 4,161.9
Merger, restructuring and other non-recurring charges 175.3 928.8 256.9
Charge for the impairment of long-lived assets 9 9 .0 507.5
—
OPERATING INCOME 5 ,4 7 4 .4 2,190.8 1,948.1
Interest income 7 5 .2 61.5 62.6
Interest expense (844.8) (547.1) (307.9)
Gain on issuance of common shares by subsidiary 1 ,7 6 0 .0
——
Income before income taxes, minority interest and extraordinary items 6 , 4 6 4 .8 1,705.2 1,702.8
Income taxes (1 ,9 2 6 .0 ) (637.5) (534.2)
Minority interest (1 8 .7 )
——
Income before extraordinary items 4 ,5 2 0 .1 1,067.7 1,168.6
Extraordinary items, net of taxes (0 .2 ) (45.7) (2.4)
NET INCOME $ 4 ,5 1 9 .9 $ 1,022.0 $ 1,166.2
BASIC EARNINGS PER COMMON SHARE:
Income before extraordinary items $ 2 .6 8 $ 0.65 $ 0.74
Extraordinary items, net of taxes
—
(0.03)
—
Net income per common share 2 .6 8 0.62 0.74
DILUTED EARNINGS PER COMMON SHARE:
Income before extraordinary items $ 2 .6 4 $ 0.64 $ 0.72
Extraordinary items, net of taxes
—
(0.03)
—
Net income per common share 2 .6 4 0.61 0.72
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
Basic 1 ,6 8 8 .0 1,641.3 1,583.4
Diluted 1 ,7 1 3 .2 1,674.8 1,624.7
See Notes to Consolidated Financial Statements.