Avon 2008 Annual Report Download - page 55

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CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share data)
Years ended December 31 2008 2007 2006
Net sales $10,588.9 $9,845.2 $8,677.3
Other revenue 101.2 93.5 86.6
Total revenue 10,690.1 9,938.7 8,763.9
Costs, expenses and other:
Cost of sales 3,949.1 3,941.2 3,416.5
Selling, general and administrative expenses 5,401.7 5,124.8 4,586.0
Operating profit 1,339.3 872.7 761.4
Interest expense 100.4 112.2 99.6
Interest income (37.1) (42.2) (55.3)
Other expense, net 37.7 6.6 13.6
Total other expenses 101.0 76.6 57.9
Income before taxes and minority interest 1,238.3 796.1 703.5
Income taxes 362.7 262.8 223.4
Income before minority interest 875.6 533.3 480.1
Minority interest (0.3) (2.6) (2.5)
Net income $ 875.3 $ 530.7 $ 477.6
Earnings per share:
Basic $ 2.05 $ 1.22 $ 1.07
Diluted $ 2.04 $ 1.21 $ 1.06
Weighted-average shares outstanding:
Basic 426.36 433.47 447.40
Diluted 429.53 436.89 449.16
The accompanying notes are an integral part of these statements.
A V O N 2008 F-3