Avon 2011 Annual Report Download - page 63

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CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share data)
Years ended December 31 2011 2010 2009
Net sales $11,112.0 $10,731.3 $10,084.8
Other revenue 179.6 131.5 120.4
Total revenue $11,291.6 $10,862.8 $10,205.2
Costs, expenses and other:
Cost of sales 4,148.6 4,041.3 3,825.5
Selling, general and administrative expenses 6,025.4 5,748.4 5,374.1
Impairment of goodwill and intangible asset 263.0 – –
Operating profit 854.6 1,073.1 1,005.6
Interest expense 92.9 87.1 104.8
Interest income (16.5) (14.0) (20.2)
Other expense, net 35.6 54.6 7.3
Total other expenses 112.0 127.7 91.9
Income from continuing operations, before taxes 742.6 945.4 913.7
Income taxes 216.2 350.2 294.5
Income from continuing operations, net of tax 526.4 595.2 619.2
Discontinued operations, net of tax (8.6) 14.1 9.0
Net income 517.8 609.3 628.2
Net income attributable to noncontrolling interests (4.2) (3.0) (2.4)
Net income attributable to Avon $ 513.6 $ 606.3 $ 625.8
Earnings per share:
Basic from continuing operations $ 1.20 $ 1.37 $ 1.43
Basic from discontinued operations (.02) .04 .02
Basic attributable to Avon $ 1.18 $ 1.40 $ 1.45
Diluted from continuing operations $ 1.20 $ 1.36 $ 1.43
Diluted from discontinued operations (.02) .03 .02
Diluted attributable to Avon $ 1.18 $ 1.39 $ 1.45
Weighted-average shares outstanding:
Basic 430.5 428.8 426.9
Diluted 432.1 431.4 428.5
The accompanying notes are an integral part of these statements.
A V O N 2011 F-3