Avon 2010 Annual Report Download - page 108

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
At December 31, 2010 and 2009, other assets included the following:
Other assets 2010 2009
Deferred tax assets (Note 7) $ 544.3 $501.1
Investments 47.6 52.1
Deferred software (Note 1) 140.6 111.6
Interest-rate swap agreements (Note 8 and 9) 124.8 54.9
Other 161.3 126.4
Other assets $1,018.6 $846.1
NOTE 19. Results of Operations by Quarter (Unaudited)
2010 First Second Third Fourth Year
Total revenue $2,446.3 $2,628.5 $2,612.4 $3,175.6 $10,862.8
Gross profit 1,511.6 1,666.4 1,679.4 1,964.1 6,821.5
Operating profit 191.5 266.4 259.3 355.9 1,073.1
Income from continuing operations, before tax 126.3 249.1 236.1 333.9 945.4
Income from continuing operations, net of tax 42.7 165.0 167.2 220.3 595.2
Discontinued operations, net of tax .6 4.2 .3 9.0 14.1
Net income attributable to noncontrolling interest (.8) (1.6) (.8) .2 (3.0)
Net income attributable to Avon 42.5 167.6 166.7 229.5 606.3
Earnings per share from continuing operations
Basic $ .10 $ .38 $ .38 $ .51 $ 1.37(1)
Diluted $ .10 $ .38 $ .38 $ .50 $ 1.36(1)
2009 First Second Third Fourth Year
Total revenue $2,137.3 $2,426.5 $2,507.4 $3,134.0 $10,205.2
Gross profit 1,341.4 1,507.0 1,567.5 1,963.8 6,379.7
Operating profit 166.7 177.8 253.9 407.2 1,005.6
Income from continuing operations, before tax 145.1 154.8 227.0 386.8 913.7
Income from continuing operations, net of tax 116.8 80.2 153.9 268.3 619.2
Discontinued operations, net of tax .7 4.4 3.7 .2 9.0
Net income attributable to noncontrolling interest (.2) (1.7) (1.4) .9 (2.4)
Net income attributable to Avon 117.3 82.9 156.2 269.4 625.8
Earnings per share from continuing operations
Basic $ .27 $ .18 $ .35 $ .62 $ 1.43(1)
Diluted $ .27 $ .18 $ .35 $ .62 $ 1.43(1)
(1) The sum of per share amounts for the quarters does not necessarily equal that for the year because the computations were made independently.