Avon 2005 Annual Report Download - page 20

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In millions, except per share data
Years ended December 31 2005 2004 2003
Net sales $8,065.2 $7,656.2 $6,773.7
Other revenue 84.4 91.6 71.4
Total revenue 8,149.6 7,747.8 6,845.1
Costs, expenses and other:
Cost of sales 3,133.7 2,932.5 2,631.6
Marketing, distribution and administrative expenses 3,866.9 3,586.3 3,170.7
Operating profit 1,149.0 1,229.0 1,042.8
Interest expense 54.1 33.8 33.3
Interest income 37.3 20.6 12.6
Other expense, net 8.0 28.3 28.6
Total other expenses 24.8 41.5 49.3
Income before taxes and minority interest 1,124.2 1,187.5 993.5
Income taxes 269.7 330.6 318.9
Income before minority interest 854.5 856.9 674.6
Minority interest (6.9) (10.8) (9.8)
Net income $ 847.6 $ 846.1 $ 664.8
Earnings per share:
Basic $ 1.82 $ 1.79 $ 1.41
Diluted $ 1.81 $ 1.77 $ 1.39
Weighted-average shares outstanding:
Basic 466.28 472.35 471.08
Diluted 469.47 477.96 483.13
The accompanying notes are an integral part of these statements.
CONSOLIDATED฀STATEMENTS฀OF฀INCOME