Avon 2012 Annual Report Download - page 68

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CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share data)
Years ended December 31 2012 2011 2010
Net sales $10,546.1 $11,112.0 $10,731.3
Other revenue 171.0 179.6 131.5
Total revenue $10,717.1 $11,291.6 $10,862.8
Costs, expenses and other:
Cost of sales 4,169.3 4,148.6 4,041.3
Selling, general and administrative expenses 5,980.0 6,025.4 5,748.4
Impairment of goodwill and intangible asset 253.0 263.0 –
Operating profit 314.8 854.6 1,073.1
Interest expense 104.3 92.9 87.1
Interest income (15.1) (16.5) (14.0)
Other expense, net 7.0 35.6 54.6
Total other expenses 96.2 112.0 127.7
Income from continuing operations, before taxes 218.6 742.6 945.4
Income taxes 256.8 216.2 350.2
(Loss) income from continuing operations, net of tax (38.2) 526.4 595.2
Discontinued operations, net of tax – (8.6) 14.1
Net (loss) income (38.2) 517.8 609.3
Net income attributable to noncontrolling interests (4.3) (4.2) (3.0)
Net (loss) income attributable to Avon $ (42.5) $ 513.6 $ 606.3
(Loss) earnings per share:
Basic from continuing operations $ (0.10) $ 1.20 $ 1.37
Basic from discontinued operations – (.02) .04
Basic attributable to Avon $ (0.10) $ 1.18 $ 1.40
Diluted from continuing operations $ (0.10) $ 1.20 $ 1.36
Diluted from discontinued operations – (.02) .03
Diluted attributable to Avon $ (0.10) $ 1.18 $ 1.39
Weighted-average shares outstanding:
Basic 431.9 430.5 428.8
Diluted 431.9 432.1 431.4
The accompanying notes are an integral part of these statements.
A V O N 2012 F-3