Avon 2007 Annual Report Download - page 55

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CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share data)
Years ended December 31 2007 2006 2005
Net sales $9,845.2 $8,677.3 $8,065.2
Other revenue 93.5 86.6 84.4
Total revenue 9,938.7 8,763.9 8,149.6
Costs, expenses and other:
Cost of sales 3,941.2 3,416.5 3,113.2
Selling, general and administrative expenses 5,124.8 4,586.0 3,887.4
Operating profit 872.7 761.4 1,149.0
Interest expense 112.2 99.6 54.1
Interest income (42.2) (55.3) (37.3)
Other expense, net 6.6 13.6 8.0
Total other expenses 76.6 57.9 24.8
Income before taxes and minority interest 796.1 703.5 1,124.2
Income taxes 262.8 223.4 269.7
Income before minority interest 533.3 480.1 854.5
Minority interest (2.6) (2.5) (6.9)
Net income $ 530.7 $ 477.6 $ 847.6
Earnings per share:
Basic $ 1.22 $ 1.07 $ 1.82
Diluted $ 1.21 $ 1.06 $ 1.81
Weighted-average shares outstanding:
Basic 433.47 447.40 466.28
Diluted 436.89 449.16 469.47
The accompanying notes are an integral part of these statements.
A V O N 2007 F-3